Haha, good to have jokes sometimes here. Just realised that this thread is boring.

Anyone here tried binary option?
It looks very simple. All you have to do is predict the direction and not the magnitude.
For example, you bet that gold will be above 1170 on Monday at time 1.30. If the gold price is above, you win else you lose.
Anyone tried before, I would like to try out too.

Quite similar to gambling actually.

Therefore, our win rate has to be about 57% in order to breakeven.

Can be done if you have good statistical edges, neural network, or other edges.

I checked my IG account, they have binary options of 5-Minute.

Actually you can also use indicators. Fundamentally you have to understand how the price react, price action.
Most importantly. you have to find an edge. For example, in a casino, the house will always win because they have the edge. Let's say the player has 45% of winning chances and the house has 55%. In the long run, statistically, they know that they will make money. That's why the house will never go bust.

You have to find something similar. Maybe you found an indicator, where you can produce a positive expectancy, in the long run, you will make money.

I am giving you an example:
your risk-reward ratio is 1:1.
your win rate is 60%.
This is a profitable system.
All you have to do is take all trades and apply some money management strategy (ie. risking 2% of your total equity).

Now, if you can find an indicator or price action or something else which gives you a positive expectancy, you will make money.

Just to add,

One of my biggest mistake was I wanted a 100% profitable system a.k.a. a holy grail, no loss.
I realised that I have ditched profitable systems a long the way in my search for the holy grail.
When you are looking for something perfect, you tend to discard something which is not perfect but actually profitable.

Sure, sharing is caring.

This post has been edited by carrer: Aug 22 2015, 02:07 AM

Dukascopy, Oanda.

Others : Fxprimus, XM.

Can you tell us more what the plan is about?
Fxprimus is a broker, so I am not sure what you mean by Fxprimus plan.

You have to code them.
If you know programming it would be easy for you to pick up the MQL programming language.

EDIT: If you don't know programming, and if you are willing to tell me how you enter and exit, I can code and run a back test for you.
One more thing, if your entry cannot be coded (subjective) then I might not be able to help.

This post has been edited by carrer: Aug 22 2015, 10:37 PM

MLM, I believe most, if not everyone here will discourage you to join.

Looks like the US market is crashing.

Are you a swing trader or a scalper?

Sounds good.
You said that you offer a month trial, after that how much would you charge?
Where can we follow your signal?

Mine was SGD 20 if not mistaken.

For scalping, only one or 2. On the 5-minute time frame.

For swing trading, dozens at once.

Is there any fundamental reason that you will still long EURUSD even if it goes south?
Are you purely fundamental or a mixture of technical?

2 Trades from last week. 200 pips. Just sharing.
GBPUSD and NZDCAD.




Attached image(s)

From the site: http://www.myfxbook.com/forex-broker-spreads

XM is a regulated broker while Instaforex is not.

3 p.m.