Binary Options scams are coming to an end
Binary Options have a poor reputation because of the bad actors occupying the space. Stories of traders unable to withdraw their fair gains, or outright scams, are plentiful. However there is now a solution, a fully decentralized digital options trading platform allowing traders to pocket instantly their gains, with price feeds provided by reputable third parties, without deposit required. This sounds impossible? Click here to sign up for free (trial with fake money) and see for yourself, or click on the following link for explanations about this groundbreaking scam free binary options concept.
Blog Digital Options
Here is our blog discussing various digital options topics such as binary options scams, brokers, trading strategy, how to open a binary trading demo account, signals, binary training, etc.
Cryptocurrencies scams are taking over binary options scams
A few years ago they were all over the place. Binary options scams were hot, as regulators were confronted to a new type of financial fraud. It took time for them to adapt and take action. Legal actions then kicked in, binary options were banned in Israel, where a lot...
Binary options “ultimate strategies 80%, 90%, 100% win” debunked
As every binary options beginner, you have been searching on the Internet strategies that will help you to achieve a win rate higher than 60%, what is required to make profits. You stumbled upon articles and videos explaining you how you can get a win rate of 80, 90...
Binary options 10 sec expiry, 30 sec expiry: here is where to trade them in 2018
You have been looking for the adrenaline packed binary options expiries that are 1 minute, 30 seconds or even 10 seconds? Brokers don't usually propose such short expiries, or they canceled it. Search no more: here is the only binary options platform offering 10 sec...
Trade on Spectre from your Trezor wallet
Good news for the owners of a Trezor hardware wallet: it is now possible to trade directly from your Trezor wallet on Spectre.ai ! Not because the platform has added Trezor support, but because MetaMask support since version 4.9.0 one of the most popular hardware...
Binary options trading signals: some free options
Some services are specialized in providing binary options trading signals. Some are legit, others are scams, but they have a common characteristic: you have to pay to get the information. However, there are some free resources that you can use to help you. They are...
Binary options risk management: introducing Spectre system
Beside the charts analysis skills you need to acquire before trading binary options, risk management is the most important challenge you will have to overcome to make money. But even if you know that you have to adhere to a strict discipline, it can be very hard to...
Binary options trading is dead… long live digital options!
Following ESMA temporary measures against binary options in Europe, it seems it is fashionable to bash this type of trading. Recently the Financial Times has published an opinion by Hannah Murphy titled “Binary options trading is that – though few will mourn it”. In...
You cannot make money in binary options? Wrong
Today I got a “comment” from someone working from a cashback company saying basically that binary options are a scam in any case, whether the broker is regulated or not, whether it acts fair or not, simply because the price structure is made to make you lose. In this...
Binary options simple strategy using Stochastic Momentum Indicator
In yesterday's article I have laid out the basics of the main binary options strategies for dummies. Today I would like to share with you a simple digital options strategy that uses the stochastic momentum indicator to trigger your trades on one minute charts with an...
Binary options strategy for dummies
When you start binary options as a beginner, once you get the basics of technical analysis you will have to define which digital options strategies you want to use to place your trades. You will find on the Internet dozens and dozens of binary options strategy,...
How binary options works?
You probably just heard about binary options, how you can make up to 80% profit, even more, in 5 minutes or one minute by predicting the price of assets such as currencies or stocks and you wonder how it's possible. In this article, we will explain in simple terms how...
Learning binary options: some thoughts after one month of trading
It will be soon one month since I started to trade binary options for real money on Spectre ai. After a good first day that was followed by a few terrible ones, I started to increase my win rate over the weeks. I went up to minus 50% of my account when I really...
Digital Options without fraud, without deposit, without broker intervention
Binary Options have a bad reputation because of the bad actors occupying the space. Stories of traders unable to withdraw their fair gains, or outright scams, are plentiful. The reason is simple: when you trade with a broker, you trade against his book. When you win a trade, you take his money, when you lose a trade he takes it. Therefore it is in his interest that you lose as much as possible. When brokers do not use dirty tricks to influence the outcome (price feed manipulation), they simply block the successful traders from using their service. The lucky ones get banned while pocketing theirs gains, the unfortunate never see the color of their money.
In an ideal world you should be able to trade against other traders, or an independent liquidity pool, to remove this conflict of interest. This is exactly what propose a new revolutionary smart options trading platform, Spectre ai. The core of Spectre is its DALP (Decentralized Autonomous Liquidity Platform). It uses the transparency of the blockchain, more specifically of the Ethereum network and its smart contracts, to provide a fair trading environment that does not punish successful traders.
How does Spectre work ?
THe DALP liquidity has been built thanks to the funds invested in the project. The money is locked on the Ethereum network, the flow of money is governed by immutable smart contracts. When a trader opens a trade it is matched with the opposite trade taken by another trader, if existing. If not the payout, in case of a positive outcome, is paid automatically by the DALP. If the trader loses the trade, the stake is added to the DALP to provide liquidity to winning trades. Spectre earns through fees (2% for the platform, 2% for the SXDT holders, the investors who funded the start-up).
Spectre proposes 2 kind of accounts : regular and wallet. With wallet you trade directly from your Ethereum wallet, which means you always control your funds and your gains are immediately credited to your wallet. With regular you deposit funds to Spectre smart contract.
I know nothing about Ethereum and cryptocurrencies, what to do?
You can of course learn about cryptocurrencies, but it is not even mandatory. Thanks to CASET, traders can seemlessly send fiat currencies (dollars, euros, yens, etc.) to the platform and start trading, the Ethereum conversion is handled in the background by the system. Same thing for withdrawals, when you want to bank some profits you just require a withdrawal. Spectre cannot block this procedure.
How can I be sure that the DALP won’t get drained?
Spectre has defined the payouts and maximum trade amounts according to the binary options trading statistics to ensure that the DALP grows slowly. Beta testing and closed private testing have shown that it the concept works perfectly. The DALP cannot therefore be drained.
Binary trading: legit if you know what you are doing
Binary trading is different of FX or other day trading opportunities. If you can set stop loss or take profit limits with FX trading, such options are not available with this kind of trading. As the name suggests it, it is binary: you either lose or win. It is a bit similar to sports betting, when you have to predict which team or player will win. With binary trading you simply have to determine whether the price of an assest will go up or down within a certain time frame (5 min, 15 min, one hour, etc.).
Technical analysis (TA) is the tool that traders use to be successful when trading binary options. They learn to identify certain patterns that usually tend to indicate a price direction. Tools allows traders to generate graph studies in order to take informed decisions.
Beside technical analysis, other tools are available to traders to increase their win rate. There are for example signals providers. Those services, that are offered on a paid subscription basis, simply give trading suggestions (from automated softwares or senior traders). With binary options signal providers one with zero knowledge can trade and eventually make money. Eventhough it is highly recommended to follow a proper binary training course and use signals as a help.
Binary trading course: a must
Where to follow a binary trading courses? The Internet is the best place to find such education. You will find some free binary trading courses. The quality will range from mediocre to average. It is still better than nothing if you are on a tight budget. Quality binary options training will most probably be paid, unless you know a trader that is willing to teach you how to trade. For example, Blue Sky Binary offers a complete range of binary and FX courses to help you to become a good trader. The monthly cost is 99 dollars, but you can have access to this BO training for free (click on the link to learn how).
Most brokers offer a demo version: it is highly recommended to practice and experiment with your strategies before trading smart options with real money.