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/biz/ - Business & Finance

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18704444 No.18704444 [Reply] [Original]

Why does nobody here ever bring up binary options? I literally made 6 trades from the weekend market open earlier, up 54%, and I'm done for the week before most people have even started. Do you guys not like money or what?

>> No.18704782

>>18704444
Your digits speak death, but I'm listening.

I've noticed these but never really delved too deeply, can you give a tldr?

>> No.18704941
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18704941

>>18704782
Basically you pick a certain level and say whether the stock will be higher or lower than that level (pic related). If you are correct, you win. If you are wrong, you lose. Each contract is $100 total, so if you pay $40 for a contract and it wins, you make a $60 profit.

>> No.18704966

>>18704941
GAMBLOR

>> No.18705029
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18705029

>>18704966
Is it gambling if I do it consistently every week? I usually only have to trade one evening to generate a 30-50% profit then I'm out for the whole week. Sometimes I have to trade monday. It's rough.

>> No.18705864

>>18704941
I like this. From memory I think I did some binary contracts a few years back, but at $1k a hit, it didn't go too well. I think I would be better equipped to take them nowadays though.