MattP Posted August 18, 2016 Share Posted August 18, 2016 Is anyone on here trading using Binary options or CFDs if so which platform are you trading from and what advice would you give to someone who is looking into starting out for a supplementary income. Quote Link to comment Share on other sites More sharing options...
Wez Posted August 18, 2016 Share Posted August 18, 2016 Ive had FXCM accounts for a long time, advice is use practice accounts and get use to the platform. Quote Link to comment Share on other sites More sharing options...
MattP Posted August 18, 2016 Author Share Posted August 18, 2016 Which platforms do you use? I havnt found any practice ones Quote Link to comment Share on other sites More sharing options...
stevie_b Posted August 18, 2016 Share Posted August 18, 2016 IG Index might do a practice account? Quote Link to comment Share on other sites More sharing options...
MattP Posted August 18, 2016 Author Share Posted August 18, 2016 Are these things good money earners for you Wez? Quote Link to comment Share on other sites More sharing options...
scorling Posted August 18, 2016 Share Posted August 18, 2016 Contact adnanshah247, he does Binary trading for a living Quote Link to comment Share on other sites More sharing options...
Wez Posted August 19, 2016 Share Posted August 19, 2016 Are these things good money earners for you Wez? I use to do a lot of FOREX trading, I certainly made more than I lost but not done it for a while, its very time consuming. I have been meaning to get back into it but the trading platform I had written all my automation in has been discontinued so would need re-writing in another platform. Quote Link to comment Share on other sites More sharing options...
adnanshah247 Posted August 21, 2016 Share Posted August 21, 2016 Contact adnanshah247, he does Binary trading for a living Correction, I used to. I trade financial markets in only FCA regulated spreads platforms. FACT 1 - all binary options is rigged - I realised on all platforms when I began doing well, the spreads were consistently raised against me. FACT 2 - binary options is a bet against the house, not the markets. I conducted a lot of research with live market prices (spreads) and found every binary platform to swing prices last minute to their favour. FACT 3 - binary options is UNREGULATED.......guess why...... It's considered gambling not trading, the regulatory bodies know what you don't...... Trust only the companies which are FCA regulated. FACT 4 - 75% of binary option and CFD providers out there are scams, exploiting people and trying to rob them. FACT 5 - if you want to trade and make a sustainable income, u have to study study study and practice practice practice for atleast year before parting with any cash or u will loose bad!!! FACT 6 - brokers from CFD and binary platforms will hound you none stop to deposit more and more because they get paid ridiculous commissions on the money you invest, they also try trick you into taking bonus's with crazy turnover requirements to keep your capital stuck in their platform, by the time you get to your turnover requirement to withdraw you will be broke. Trust me on the above statements. I made a killing in binary while I could but the minute u start doing well you will soon realise the manipulation and crimes platforms can get away with..... Quote Link to comment Share on other sites More sharing options...
adnanshah247 Posted August 21, 2016 Share Posted August 21, 2016 CFD AND BINARY - advise to all, stay the living hell away from em! Quote Link to comment Share on other sites More sharing options...
MattP Posted August 21, 2016 Author Share Posted August 21, 2016 That seems to be the more common reaction I get when reading into them.. What else would you advise investing in short term. Quote Link to comment Share on other sites More sharing options...
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