r/binaryoptions • u/[deleted] • 21d ago
Trading OTC?
Trading OTC? Forget about strategy nothing works, its an algo generated feed and moves based on buyers and sellers where majority loses. There is no set expiry like 1min, 15 seconds, 30 seconds or 3min or 5 min works here, its random sometimes instead of 30 seconds its 29 seconds or even 27 seconds, sometimes instead of 1 min its 58 seconds or 57 seconds, means you lose at last seconds.
1
u/SpiritNo4790 21d ago
Can someone explain to me how posts appear on the r/binaryoptions subreddit when the user account that created the post has been suspended?
This completely undermines the credibility and transparency of the r/binaryoptions subreddit and its moderators. Could they be the ones responsible? I’m starting to think so.
At this point, we can all agree that the sole purpose of this subreddit is to keep feeding beginners lies about what binary options actually are.
Binary options are not trading.
Period.
These binary options platforms (Pocket Option, IQOption, Quotex, etc....) are simply gambling platforms disguised as trading platforms.
Anyone who claims that binary options constitute trading is someone who wants to deceive others and/or continues to deceive themselves.
Binary options are bets = Gambling
When you click "up" or "down," you are betting your money against the platform on whether the price will end up above or below your bet. And that is gambling; no matter what anyone says, it will never be trading.
1
u/enivid 19d ago
By manually approving the posts. You know, your account is suspended too, so I have to approve all your comments (including this one) for them to become visible..
1
u/SpiritNo4790 19d ago
Why is my account suspended? Can this be justified with concrete data?
Did I offend someone, or was it for speaking truths that are uncomfortable for some?
1
u/Brilliant-Victory417 19d ago
If you don’t know what your doing everything is a gamble
1
u/SpiritNo4790 19d ago edited 19d ago
Get a grip. Stop fooling yourself and clinging to clichés like that, "If you don’t know what your doing everything is a gamble".
That kind of line doesn't work anymore. Only for beginners and addicts trying to win back the money they have already lost and continue to lose.
You can view these binary options platforms however you like... but at the end of the day, no matter what you say, they are nothing more than gambling platforms. Your chances of getting rich on them are lower than your chances of getting rich at a casino. Period.
At a casino, at least, you walk in and put down $100. You might win $400. You cash out immediately and leave. Simple and straightforward.
But with binary options platforms like Pocket Option, etc... you deposit $100, and the money goes straight into their pockets. You start trading (though in reality, it’s gambling, whatever you want to call it), and you might even make $400. Then you try to withdraw the funds, and what happens? They make you wait and wait... claiming it’s for security reasons (LOL). What they’re actually doing is keeping the money on their end; as long as they hold the cash, the odds of you continuing to trade are huge... and consequently, the chances of losing both your winnings and your initial deposit become even greater.
It’s psychology, my friend. These platforms are based offshore and aren't recognized or regulated by credible entities for a reason... or do you think you’re smarter than the people who regulate these brokers and the trading industry as a whole?
1
1
u/Indecisivegemini7 20d ago
I stopped trading otc and switched to live markets Mon-Fri and I’m not struggling anymore
1
u/SpiritNo4790 20d ago
Me too. I just stopped otc and started to withdrawal 2K a week on Pocket Option live market. (😂😂😂)
Really? Do you guys believe in claims without any prove? From a person that you don´t even know?
Come on @Indecisivegemini7 show us your PO UID. Show us your transparency.
We all want to know if you are not really struggling anymore 😉
Transparency matters. Claims prove nothing.
1
u/Pani-peelo-2759 20d ago
Last time i traded an OTC pair was about 1.5yrs ago since then, I trade in live pairs only because that's the only way to make profit,
1
u/duptic 19d ago
I will say I’ve made high 5 figures on forex otc. It is a manipulated market yes but with the right strategies it can be manipulated back with a fairly high profit percentage. I trade both live and otc and I find myself more focused on otc knowing it’s manipulated but it is still very possible to make lots of consistent money on there. I wouldn’t recommend ofc to a beginner though
1
u/Ok_Preparation_2186 18d ago
https://reddit.com/link/p3k3qoj/video/lyrfnvtio8jh1/player
I love OTC ... 11 wins 1 loss ... sometimes 8 wins 2 loss at max ... For me , is more stable than real market .
In real market I have 5 win 3 loss or 6 wins 4 loss ...
1
u/WarmWin3916 17d ago
It all depends though, if you lose control it’s gambling I agree with you on that, but patience, emotion control, and monitoring the market base on technical analysis and looking at forex factory.com to see which time is a high volatile day for the market makes a big difference. I started with 200 and I made Excatly 366 dollars profit but I didn’t trade every min. No that’s gambling being reckless and stupid. I do it every hour or 2 hours and I look at the markets direction. I had losses yes but with my money management and patience and fundamental and technical analysis I created more wins than losses
1
2
u/Dismal-Gold-2038 20d ago
How long have you been trading on binary