A couple days back I was desperate to make some extra cash flow. I signed up for binary options with "www.anyoption.com" the concept is that you guess if a stock amount will go up or down in the next hour or however long the allotted time is. You can watch a chart of the stock and see how it rises and falls but then you must guess which direction it goes. If you guess right you can make up to 70% in profit and if you guess wrong you lose almost everything. I lost almost everything. I deposited the minimum amount of $100 and I lost $80. ): Anyone else ever try this?
NO- and I wouldn't. It would feel way too much like gambling to me- way too risky especially since you could lose it all!
Kind of sounds like gambling when ever your playing with your money like that. you probably would have been better off going to a casino could have had better luck there i think.
I've never heard of this. I love to gamble but don't think I know enough about stocks to gamble on their movement in the next hour or so. How on earth did you ever hear of this place. The internet is awesome and people think of new ways of getting your money daily? Would you try this again?
I have never heard of this. This does sound like gambling. I am not too fond of gambling and have never tried any of those games. You must be the gutsy one..or the heavy risk taker.
No, I certainly wouldn't go for anything that required me to make a minimum deposit of $100. That alone should scream out 'scam.' There's only one winner with this sort of deal, and it's not the person handing over the money. It always amazes me that people who are short of money will still part with the little they have on the chance of making a killing. There's no easy way to make money - especially online.
I would rather bet on the football than gamble with my money on a binary. I bet 5 pounds per week on a football accumulator and I win quite often, I see it as a sensible business decision. Last week I won 350 pounds on a 10-fold accumulator!
Studying and playing the stock market is something that fascinates me a great deal.. Currency trading is one area that is of particular interest. However, the risks are high and it requires months of studying the trends (if this works at all!) to make even small amounts of money. I’ll first have to have a potful to invest, in order to make another potful . So, I'll pass binary option trading for now.
I haven't and I would never ever do that. The minimum amount that is required is already a little steep if you think about it and given the nature of such a "game", I would say you should be prepared to sacrifice the 100 dollars when you actually sign up for it and that definitely is not an amount you can part with if you desperately need some cash flowing. Such schemes do not guarantee returns and their rise and fall is unpredictable even if you have spent the time and effort to monitor their trends. Trends are just generally patterns and not a fixed one, so there is still a fair amount of risk you must take. I really wouldn't advise anyone trying to make extra cash to opt for this sort of option.
I have been a stock market analyst before and one thing I can tell you for sure is that nothing is for sure in the stock market. You can study all the charts you want and observe the market for as long as you want. However, when the time comes for you to really put your hard cash on the line, there will always be unexpected surprises.
Wow, that is quite a loss. I am surprised that it is even legal. It sounds like something you would have to study and research before getting involved. Sorry you didn't do better.
Just study and research is not quite enough. You also need quite a lot of capital. That's so you can try again after making a few mistakes. If the minimum investment is, say, 100usd, then be prepared to have at least 1000usd in hand before you start.
That's exactly what I was thinking. If you were desperate for money, you certainly wouldn't have had that 100 bucks to risk losing. Never gamble more money than you can afford to lose.
I have never heard of this and I don't think I would just deposit 100.00 into something like that, it sounds too risky for me. How did you find this site?
I've never tried it, and I think that I would have to advise no one ever try this sort of thing unless you have the utmost confidence in your picking.
Binay options are like Forex and the chances of losing money are far greater than the chances of making any money. Instead of investing in binary options, I would advise you to invest in companies with solid reputation and management. You can also invest in mutual funds with a solid track record if you are not comfortable with investing in stocks directly. Don't listen to friends or brokers who say you can become millionaire through forex or binary options; save your money for a rainy day.
I have heard of this, and I do know a couple of people that actually do this for a living and they do this for other people. I do know of one company that claims that they can take $200 and turn it into $1500 in 48 hours, since they do this for a living. But of course they want to keep 20% of the profits.
I actually have tried messing with Binary Options before - didn't work out and I don't like it. Still I have heard of some folks reporting successes. I found this short video online which explains binary options and why one loses without a good strategy. Its a really useful video and I would recommend it to all those considering getting into Binary Options. [video=youtube;IZgEvNuJtGc]http://www.youtube.com/watch?v=IZgEvNuJtGc[/video]
And you believe that? Now don't you think that there is something inherently wrong with such a claim? If it's true that they can do that, why should they be wasting time and effort doing it for other people? Surely they can make more money just by doing it for themselves. It's not like they are short of capital. 200usd into 1500usd is multiplying the money about 7 times every two days. Just calculate how much that snowballs into in just one month.
I haven't tried it, but I'm looking to try it. I was looking into copy trading off of an experienced binary trader. It wasn't anyoption I was looking at though, I think I am going to join eToro. But after reading your comment, it is making me have second thoughts. Those Youtube videos make it sound so easy, and yet I guess the reality is that you can lose big very easily.
