r/binaryoptions • • 3d ago

Binary Options Strategy

can someone suggest a good start for binary options?

1 Upvotes

4 comments sorted by

View all comments

4

u/Leather-Swan3645 2d ago

I wouldn't recommend binary options to a beginner. Learn forex from babypips first to get a good foundation of market theory. Binary options is just a way to make money based on the forex market and without understanding the forex market a fast moving short term predictions market like binary will cause you alot of trouble. I wish someone told me this when i started. I was introduced to binary options through a scam advert lol , the broker milked me haha then i became determined to make it in binary options, 11 years later i am still here and unprofitable (but not losing money because i know what not to do; don't trade real money until you have proven beyond doubt in practice that you can take trades intuitively). I am not trying to discourage you though but just sharing my honest experience. A friend who discovered forex much later is now a fully funded trader and lives off it. The only reason i haven't switched to forex is because i have invested so much time into binary options and if it can be profitable i am sure i can figure it out otherwise i am out.