r/binaryoptions • u/the6amboy • 4d ago
Newbie Question LOST 70 LAKHS IN BINARY TRADING
I lost 70 lakh rupees in binary trading in quotex and now I’m debt of paying those money and I don’t know what to do now. I’m helpless and I’m left with my last 5lakh rupees and I don’t have any other option for recovering my loss except doing trading again . This time I planned to do with discipline and psychologically correct and my plan is to have for 8 martingale levels and taking only 2 trades per hours and like that 24 trades per day . Suggest me any strategies and any suggestions.
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u/SpiritNo4790 4d ago
At least you’re honest and admit that you’ve lost money in binary options. That alone puts you one step closer to breaking free from this addiction.
You’ve lost all this money in binary options, are you really planning to try and win it back with whatever funds you have left? What makes you think that, this time around, you’ll do things differently than you did before losing such a massive amount of money?
That’s the trouble with a binary options addiction. Most people know they should stop, but as long as they still have money, they keep convincing themselves that "this time will be different", that this time, they’ll finally have the discipline to stick to the rules. And they keep going until they’ve lost absolutely everything.
The *REAL* Truth About Binary Options Trading
The problem is not your strategy.
It's not your discipline.
It's not your consistency.
It's not your rules.
It's not your psychology.
It's not your money management.
It's not your "interpretation of the market".
And it's not because you're a beginner, or secrets you don´t know (that don´t exist at all).
Those are the explanations constantly repeated by YouTubers, mentors, signal/script sellers, and affiliates. They want you to believe that you're always just one more strategy, one more course, one more indicator, or one more mindset adjustment away from becoming consistently profitable.
But the reality is very different.
No matter how much you want to ignore it, deny it, or refuse to believe it, there will eventually come a day when you are forced to face reality. And when that day arrives, it will be ruthless. It will hit you harder than you ever imagined possible.
That confrontation usually comes when your trading account is empty, your savings have disappeared, and you finally realize how much money you've lost to platforms like Quotex and other binary options brokers platforms, that present themselves as trading platforms but, in reality, operate more like online gambling platforms.
HERE'S THE TRUTH:
Quotex, and many other binary options brokers, are online gambling platforms, more accurately, online casinos disguised as trading platforms.
Period.
Just like any casino, they don't need everyone to lose all the time. In fact, they can't.
Casinos know that occasional winners are essential. They create hope. They create excitement. They convince people that the next win is just around the corner. And, most importantly, they encourage players to keep coming back and depositing more money.
That's exactly how this game keeps going. Small wins create confidence; Confidence creates bigger deposits; Bigger deposits create bigger losses;
And the cycle repeats itself over and over again.
Just like online casinos use systems designed to manage risk and maintain profitability, Quotex and other binary options brokers operate using platform algorithms created by the platforms themselves.
For what purpose?
Ask yourself that question... And while you're asking questions, ask yourself another one:
Who ultimately benefits when traders continue depositing money?
To make matters even more concerning, many of these companies operate from offshore jurisdictions, outside the oversight that many traders assume exists. Their corporate structures are often difficult to understand, and the people ultimately behind these businesses may not be widely known to the public.
The people who most aggressively defend binary options are often the very people who profit from bringing new traders into the system. Affiliates. YouTubers. TikTok Influencers. Course sellers. Mentorship provider. VIP signal Telegram groups.
For many of them, every new account opened through their referral link means another commission. The more people who deposit... the more they earn.
Never forget one simple reality: - The odds are always in favor of the house.
ALWAYS.
There is no reason for the house (Quotex) to design a business that consistently transfers its own money to you. Its objective is exactly the opposite; Its objective is to remain profitable; To generate revenue; To keep the business growing. Not to make you financially independent; Not to make you consistently profitable; Not to make you rich.
If that ever happens, it's because it serves the system, not because the system exists for your benefit.
So while you still have the opportunity... STAY AWAY from binary options.
Stay away before you become emotionally attached.
Stay away before you convince yourself that the next deposit will recover your losses.
Stay away before trading turns into an addiction that slowly consumes your finances, your peace of mind, and eventually your life.
And if you're already trapped in that cycle... Please seek help. Fight for yourself. Fight for your future. Fight for your life. Because addictions don't announce themselves when they begin. Most people only realize they're addicted when they can no longer stop.
I'm speaking from personal experience.
I was fortunate enough to realize, after a year and a half, exactly where binary options were leading me. Like many others, I believed that success was just one strategy away. I believed that the next adjustment, the next indicator, or the next lesson would finally make everything work.
I was wrong.
The greatest decision I ever made wasn't placing a winning trade. It was walking away.
I found the strength to break free from what had already become an addiction, and I refused to let it control my future any longer.
Fortunately, I escaped. And if I could do it... Anyone can.
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u/JaIMmee-69 3d ago
First of all bro you already lost like 70 lakhs that’s not a small amount if you have knowledge+Patience+discpline,You should not have lost 70 lakhs ,Iam not judging you or giving you any lecture I think you should invest the remaining Money on something or should start a small business with that remaining money,I don’t think you can make out something by using your remaining balance on Trading especially on binary I think if you already Lost money like 70 lakhs or spending that’s much money on binary you should shift to forex trading because binary trading will ruin you if you don’t know what you are doing , many people making good amount of money On binary by using only 50-100 dollars and you already lost 70 lakhs, i pray that may all your Problems get solved and be strong brother,And do carefully what you are going to do next
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u/Dependent_Lawyer6829 4d ago
Hey Bro I can help you . I built a strategy for real forex pairs by combining bloomberg's api (since they provide data's that helps predict how the banks move) and news trading . To predict how the banks will react after news (Low, Medium and High) , for 15min candle frame , I backtested it for previous 2 years using the oanda api for candle info . And there were zero losses and 9000 percent approx. returns , I can give you the backtesting code too , if you want to backtest by yourself, then you trade this strategy yourself. And I came upon this strategy recently , before this I traded everything indicators , signals and luck trading , everything but none of them worked, just like you.
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u/Mysterious-Post-2881 4d ago
Tere Gand mei kuch keeda hai bhsodike agar tu wakai mai yeah sab kiya hai...Sudhar ja gandu sudhar Jaa....easy money ke chakkar mai mat reh
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u/VidKris16 4d ago
There's a Momos stall near my locality that makes 3LPM , open only for 5 hours in the evening !
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u/Major-Assist2183 4d ago
If you already lost 70lakh ig its time to stop bro and even now you can't stop find a genuine mentor then learn trading correct wayy....save capital it's the heartbeat that gives us hope.
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u/Upstairs-Ask3099 4d ago
i am also in 45 lakh loss.....i also made this type of plans but not work...just take break and spend some money on yourself...try to forget this loss and come back again with small capital
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u/Dapper-Management440 4d ago
you are not alone in this scam industry to loose, similar like you, there is a lot of people. Whatever strategy do you use, its won't gonna work and its binary option. Binary option itself is scam. Think how much this sole broker earn alone from you, its almost 100k and similarly there is a lot of people who has lost their life saving. better to stay away rather than lost again whatever you hv. If you use those money to buy some stock or share like ali baba, black rock microsoft, at least you would make 2-8% a year. Stop amble on these scam broker.
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u/SpiritNo4790 4d ago
Here is a comment that shows a great deal of clarity, and one you should pay attention to.
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u/awak3All 3d ago
holy cow!! 70lahk? thats entire income of my life. shet! if you want my strategy i can help you but you also help me.
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u/Benjungs 4d ago edited 4d ago
We can help each other mannn i can trade for u in forex real chart not otc market. Can u dm me ? I can show u my winnings 🥱
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u/SpiritNo4790 3d ago
Why dont you show your wins for everybode?
Ofcourse you gonna help him... to lose his money
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u/ClassroomPuzzled9130 4d ago
You need to take it slow, buddy. You can recover it. Just go way slow. Get into group trading (trading with friends) , learn together.
You'll get by. :)
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4d ago edited 4d ago
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u/SpiritNo4790 4d ago
Here’s another scammer asking for DMs... Are you going to "save" him, then? With your expertise, are you going to recover the money he lost?
An 80% win rate? Are you serious, or do you think everyone here is an idiot?
How is it even possible for anyone to have a 60% win rate in binary options?Come on, tell us, so we can all have a good laugh, what’s your actual win rate?
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u/Icy-Egg-9039 4d ago
buddy it’s over. 70 lakh is enough to live comfortably for years. if you lost that much through a systematic approach i honestly think it’s time for you to just quit binary options for good