mifune ✭✭

Hi Keon, I replied to your post here: http://www.binaryoptions.net/blog/my-1-minute-60-second-binary-options-strategy-1418-itm/

I'm around every now and then. I no longer trade binary options, though. I've diversified into other trading methods, including equities and standard forex/currencies. Also a bit of fixed income and commodities. My trading style is also a bit different. On my blog here, I mainly had a technical trading style since my…

^ Yep. They're basically run as casinos.

There are far more marketers out there than real traders. Simply put, marketing is easier, and there are plenty of people out there willing to buy get-rich-quick products that are total scams.

You can, but it's difficult. Maybe 5%-10% are actually successful. And it's even more difficult if you don't have much money to start out with, even if you're one of the few who are (or can be) successful on the basis of skill.

They're practically always really bad and just sold by scam artists looking to make a quick buck. When I have the time to trade, I just do so on my own, so I don't keep up with the "robot market." But I personally would never even think about bothering. While they are effective algorithmic trading systems, it's not very…

Hi, Patrick. Sorry for being late in getting back to you. I have some articles on how to pick out support and resistant from a couple of my earlier posts that I can link you to: http://www.binaryoptions.net/blog/identifying-horizontal-support-and-resistance-from-previous-price-history/…

Yep, it's so important to be careful. From various scams out there that don't work -- robots, bunk software, ineffective signal services -- to all the money lost that can come from trading weak unsound strategies, battling emotional trading impulses, and so forth. Trading can produce great results, but it can also be a…

I grew frustrated with Markets World given I rarely got the strike price I wanted. My trades were often filled 1-2 pips against me. It grew highly annoying and I got cheated out of several trades that I should have won (and the money that goes along with that). So I quit them entirely and haven't gone back, especially due…

A lot of the time they will be based in Israel yet have a virtual office in London or New York to appear more legitimate. Banc de Binary did this, for example. They were extremely popular a couple years ago and were among the top three "offshore" brokers, up there with 24option and Markets World (which was offering 95%…

Gauging Progress and Trend Trading December 29, 2014 For binary options, I always look at my win percentage to gauge my progress over various intervals – e.g., week, two weeks, month, past 25 trades, something of that nature. If my in-the-money percentage is sufficiently high, 60% is a threshold I like to use, then the…

I think I will start posting my blog items to this thread -- at least the posts on actual trade strategy -- to keep it a bit more active and perhaps make the articles more accessible: Back with a Bit of Trading on the EUR/USD December 29, 2014 I took the following trade on December 26, 2014. I simply went with both the…

Is 24option back to accepting U.S. traders? It seems like that's the case from looking at their sign-up form for new users.

I'd never recommend keeping that much money in your account. Withdraw daily if you need to. I don't even like keeping a few hundred dollars idle in an account. For bigger withdrawals, you'd have to go with a bank transfer as lotzofbotz pointed out. And just be careful setting monetary targets. Some just starting out…

I can vouch for StockPair. Its system is a bit unique relative to other brokers in that instead of expiry at a specific point on the clock (e.g., 10:30, 10:45, etc.), it's from the specific point from which you took your trade. But the one thing I didn't like about StockPair is that the payouts on the lower expiries (the…

Yes, I trade on 15-minute interval expiry times -- e.g., 5:00, 5:15, 5:30, 5:45. That means I'm in a trade for between 5-20 minutes. For example, if you take a trade at 5:27, you're already locked out of the 5:30 expiry, so you must go for the next 15-minute interval (5:45 expiry), leaving you in a trade for 18 minutes of…

Markets World is definitely a good recommendation with the totally free demo and the $1 minimum trades. Even after demo success, starting out with $25 trades (a typical minimum investment size at many brokers) is just too large IMHO.

Thank you for reading.

Lol, you have a unique way of dealing with the scam-birds, lotzofbotz.

Good post and good lesson. I'm not a MACD guy at all, but many do try to use it as a trading signal when the crossover occurs along with another technical indicator (or more than one) -- e.g., like if the parabolic SAR flips at the same time. Many thanks for sharing your knowledge on this topic.

I always ran into issues with Markets World with the trade lag. I always got the blinking statement on the screen asserting that the trade was processing only to get into a much worse price than what I wanted. I lost many trades this way and ended up just feeling cheated. At least at 24option and other brokers I got the…

^ Interesting.

Really nice to see you keep up this trading journal on a regular basis. It's always nice to share your progress with others.

Hi Dennis, Thank you for letting me know regarding why freestockcharts.com plots that line. I did go into settings and unchecked the "show yesterday's close" box to delete it. I have a very minimalist perspective when it comes to indicators (too much junk on the chart can bog down my brain) so I definitely don't care to…

Thanks, Josh.

If anything, however, be sure not to look at column J and hold yourself accountable for reaching those monetary benchmarks on a regular basis. That's simply a matter of setting oneself up for failure. It's just a general idea of how things would go based on purely mathematical formulas. Trading good set-ups and…

I don't mind posting losing trades at all. It's all part of it and everybody will experience them. Pivot points do vary based on chart settings because they are based on the previous day's high, low, and close. These can vary based on what is considered the closing time. I think the most reliable pivot points tend to be…

Bumping this, as I believe some may find this useful to at least play around with the combinations.

Good luck, just be careful not to force things and focus on the account balance. I think regular withdrawals (weekly) is always a good way to reward yourself and ensure that you leave with some sort of profit for your efforts, much like how a trailing stop works in forex trading.

Nice post. I've never used MT5 before, as MT4 always seems to be the prevailing and preferred software. What advantages do you find with MT5 over MT4, if any?