Intro Hello :) Binary options player here

Hi everyone. My name is Alm Maye, I day trade FOREX since 2013. I am specialized in BINARY OPTIONS, which are similar to gambling (but they ain't).
I have a website in which I share my trading journey and give advice to binary options traders. I also run a growing community on facebook.
My addiction to charts led me to develop an edge with binary options. Whether it's trading or gambling, you need an actionable edge to beat the house in the long run. If you only do it for fun, you have almost no chance.

-You are not a gambler, why did you join us?
I trade other people's accounts. Let's say someone set up a trading account, traded for sometimes but lacked the technical knowledge to make profits. So, we complete a deal, I place trades on his behalf and at the end of the month, we share profits. The accounts I managed range from $3000 to $8000. Now I am thinking it's a waste of time. So I am here to meet a bigger client: 50000+.
Hope I am not too off-topic

 

If you have an edge with binary options why dont you just do it for yourself?
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If one trades BOs himself, he might find a place with as low as a 5% "commission"/vig/juice up to 30% "commission"/vig/juice. I think 20% is common.

With normal trading you can make 2,3,4,5,6,7,8,9,10 times your money. Your investment has a bigger upside on the amount you risk. 1k might turn into 10k

With BO's that's not the case, the best you can win is 95% and that is if you can even find a place that offers only a 5%"commission"/vig/juice. Remember you can never get 100% or more back on your trade(YOU CAN NEVER MAKE MORE THAN YOU RISK, ONLY LESS).
You are really just flipping coins while oftentimes paying a 20% "commission"/vig/juice. So if you risk 1k on a "trade". If you win, you will only get back $800. If you lose the trade you lose it all. You almost certainly won't come out ahead short run or long run paying 5% to 30%. Other than a few casinos with live keno they don't even dare take 20% especially when someone has close to a 50/50 chance of winning or losing.
At least with something like keno you can hit 100k jackpots.

Don't be fooled with by places offering a buy in bonus, it comes with strings attached, you must make x amount of trades before you can cash out. WITH A 20%"commission"/vig/juice YOU WILL MOST LIKELY HAVE A ZERO BALANCE AT THE END.




Don't be fooled by theses guys. They would not be begging for your money if they really could beat Binary Options. They would be multi Millionaires and highly sought after and you would know exactly who they were.

Yes it is gambling, but part of the scam is that they disguise it as legitimate investing.

Here is one part from http://www.cftc.gov/consumerprotect...on/cftcfraudadvisories/fraudadv_binaryoptions
Investor Complaints Relating to Fraudulent Binary Options Trading Platforms
The CFTC and SEC have received numerous complaints of fraud associated with websites that offer an opportunity to buy or trade binary options through Internet-based trading platforms. The complaints fall into at least three categories: refusal to credit customer accounts or reimburse funds to customers; identity theft; and manipulation of software to generate losing trades.

The first category of alleged fraud involves the refusal of certain Internet-based binary options trading platforms to credit customer accounts or reimburse funds after accepting customer money. These complaints typically involve customers who have deposited money into their binary options trading account and who are then encouraged by “brokers” over the telephone to deposit additional funds into the customer account. When customers later attempt to withdraw their original deposit or the return they have been promised, the trading platforms allegedly cancel customers’ withdrawal requests, refuse to credit their accounts, or ignore their telephone calls and emails.

The second category of alleged fraud involves identity theft. For example, some complaints allege that certain Internet-based binary options trading platforms may be collecting customer information such as credit card and driver’s license data for unspecified uses. If a binary options Internet-based trading platform requests photocopies of your credit card, driver’s license, or other personal data, do not provide the information.

The third category of alleged fraud involves the manipulation of the binary options trading software to generate losing trades. These complaints allege that the Internet-based binary options trading platforms manipulate the trading software to distort binary options prices and payouts. For example, when a customer’s trade is “winning,” the countdown to expiration is extended arbitrarily until the trade becomes a loss.

 

I briefly read your post... Thanks for your contribution. When I say I have an edge that means I won at least 65% of my trades during a month. So I can loose more on losing trades but still profitable overall.
Having an edge doesn't mean you'll be a millionaire. Why? Because a respectable trader has to use a sound management which will limit your growth.
I am not begging anyone, I have nothing to prove to the crowd. When an individual is interested, I show him my trade report...

 

I was already doing it myself with a 4-digit capital. When I trade a 5-digit account that is not mine, I am using leverage. Hope you understand this concept.

 

How do the trade report's work?
Do you have a full accounting of all the trades you have ever made? How hard would it be to cherry pick? I can imagine it wouldn't be that hard to manipulate everything.

What percentage do people give up when you trade for them?

 

I think it's impossible to manipulate the broker report (its platform). I can show it through google hangout if a screenshot is not sufficient. My payout is 40% of the net profit made after a month of management.
My style does not work with Nadex, which is the only BO broker allowed for US traders. So I guess I cannot complete a deal with a US resident.