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ProvIII56

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Posts posted by ProvIII56

  1. It's interesting how he uses a dollar amount in his headline , but then says "no large deposit required." I know large is relative, so large to one may be $5,000; but then to another large may be $500. Obviously, if you are starting with a few hundred dollars or maybe $1,000, you would have to use compounding to get to $100k in 30 days, with basically no losing trades. He seems to trade 10 lots per trade, or $10/pip to make $3,110 from trades of 95+115+105=311 pips. Therefore, at these numbers, he would need to make (or grow LOL) 10,000 pips in 30 days or average about 500 pips/day for 20 trading days. Again with no losing trades.

     

    Unless, I'm overlooking something, that is a pretty hefty task, and if he was able to achieve this on a consistent basis on autopilot. why only $10 lots, why not $50, $100, or $1000 LOL.

     

    I think I would have respected it more if he would have used a number of pips per month, because I'm not saying it's not possible, but with the expectation of $100k a month, starting with a $100, $500, $1,000 account is unrealistic.

     

    I've taking a demo a couple times, using nothing more than range trading, from $100,000 to over a million, using large lot sizes of course.

     

    Just my thoughts. However, I'm open to being proven wrong. :)

  2. can you recommended anyone which are "honest"

    While many of the brokers, may not steal your money, I believe your money is being used to fund and pay the winners when there reserves are depleted. I believe this is the reason many of them offer the 50% deposit bonuses, and sometimes more if you deposit today or by a particular date.

     

    With that said, the only (U.S.) regulated exchange that trades binary options and bull spreads is Nadex. You can open an account with them and make alot more than 70-95% per trade. They may not have 1, or 30 minutes "expiry times", however, you can open and close positions anytime during the contract therefore you don't have to wait until it expires to profit or cut your losses. Also, it's not the same "user friendly" platform that the other "brokers" have, so it may have a learning curve (they do offer a free demo & there are videos on youtube from Nadex); but I feel much more safe knowing that I can see the actual liquidity and actual prices of the contracts. Also, if I need to make a withdrawal it takes 3-5 for an ACH, or next day for a wire. So my money is safe.

     

    BTW, I don't work for, nor am I compensated by Nadex for this info. So there you have it. :) So if you are interested, do your research and check it out for yourself, and then decide what is best for you.

     

    Here's a screenshot

    http://i1074.photobucket.com/albums/w416/PrvIII56/5f23dec1.jpg

     

    Hope that helps! :)

     

    Anyway, back to the Binary Options Bully request, can anyone share? I am interested in checking it out.

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