There's a great and easy way for us US traders to trade Binary Options. I have successfully opened an account and trading for weeks now. If Mavin agrees I'm ready to help. Send me a friend request and PM me. I will explain how
This is also not allowed, if you guys cannot discuss in the open then it is for sure against our rules.
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Quote Originally Posted by Georgeofthejungle:
There's a great and easy way for us US traders to trade Binary Options. I have successfully opened an account and trading for weeks now. If Mavin agrees I'm ready to help. Send me a friend request and PM me. I will explain how
This is also not allowed, if you guys cannot discuss in the open then it is for sure against our rules.
This is a very very bad idea..if you are running accounts of other members I will have to shut this down.
I think we made it pretty clear about keeping everything out in the open and not doing what you just did..
If anyone on Covers or anywhere else thinks that I am running anyone's accounts - please come forward! I never did, or will run anyone's accounts anywhere. I merely try to help those who have been denied for years the fair treatment by their own legislators. I never promote anything illegal or ever will. Everyone who is getting help knows it.
The reason I'm asking people to PM me is not to turn it into a discussion topic but have no problem discussing it anywhere. Or not. My main goal is giving winning signals and help people to better themselves.
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Quote Originally Posted by wallstreetcappers:
This is a very very bad idea..if you are running accounts of other members I will have to shut this down.
I think we made it pretty clear about keeping everything out in the open and not doing what you just did..
If anyone on Covers or anywhere else thinks that I am running anyone's accounts - please come forward! I never did, or will run anyone's accounts anywhere. I merely try to help those who have been denied for years the fair treatment by their own legislators. I never promote anything illegal or ever will. Everyone who is getting help knows it.
The reason I'm asking people to PM me is not to turn it into a discussion topic but have no problem discussing it anywhere. Or not. My main goal is giving winning signals and help people to better themselves.
This is also not allowed, if you guys cannot discuss in the open then it is for sure against our rules.
Sorry Wallstreetcappers and Mavin.
Never meant to cause any trouble. I thought to post here how I went around the system would be something you guys would oppose. Sorry for the misunderstanding. No harm done I think as I didn't do anything wrong.
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Quote Originally Posted by wallstreetcappers:
This is also not allowed, if you guys cannot discuss in the open then it is for sure against our rules.
Sorry Wallstreetcappers and Mavin.
Never meant to cause any trouble. I thought to post here how I went around the system would be something you guys would oppose. Sorry for the misunderstanding. No harm done I think as I didn't do anything wrong.
If anyone on Covers or anywhere else thinks that I am running anyone's accounts - please come forward! I never did, or will run anyone's accounts anywhere. I merely try to help those who have been denied for years the fair treatment by their own legislators. I never promote anything illegal or ever will. Everyone who is getting help knows it.
The reason I'm asking people to PM me is not to turn it into a discussion topic but have no problem discussing it anywhere. Or not. My main goal is giving winning signals and help people to better themselves.
Then please do not suggest that people PM you to discuss things, if you have ideas and suggestions then you should discuss it out in the open here..unless it is illegal.
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Quote Originally Posted by SportsMavin:
If anyone on Covers or anywhere else thinks that I am running anyone's accounts - please come forward! I never did, or will run anyone's accounts anywhere. I merely try to help those who have been denied for years the fair treatment by their own legislators. I never promote anything illegal or ever will. Everyone who is getting help knows it.
The reason I'm asking people to PM me is not to turn it into a discussion topic but have no problem discussing it anywhere. Or not. My main goal is giving winning signals and help people to better themselves.
Then please do not suggest that people PM you to discuss things, if you have ideas and suggestions then you should discuss it out in the open here..unless it is illegal.
Then please do not suggest that people PM you to discuss things, if you have ideas and suggestions then you should discuss it out in the open here..unless it is illegal.
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Quote Originally Posted by wallstreetcappers:
Then please do not suggest that people PM you to discuss things, if you have ideas and suggestions then you should discuss it out in the open here..unless it is illegal.
Each contestant will state the time of his position converted to EST besides the copy of a trading position slip as to make it easy for those who follow - and will place it under the copy of the slip from his portfolio. Without the copy the position will not be entered.
After the trading position will be posted - in the following post the contestant will reason his trade.
We're doing this in order to better ourselves in trading binary options as we're doing in MLB and NBA.
First week will be a running the system week when we will learn together how to improve the format and the timing.
GL to all
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Starting a Binary Options Contest!
The format will be as follows:
1 to 3 trades daily.
Each contestant will state the time of his position converted to EST besides the copy of a trading position slip as to make it easy for those who follow - and will place it under the copy of the slip from his portfolio. Without the copy the position will not be entered.
After the trading position will be posted - in the following post the contestant will reason his trade.
We're doing this in order to better ourselves in trading binary options as we're doing in MLB and NBA.
First week will be a running the system week when we will learn together how to improve the format and the timing.
Each contestant will state the time of his position converted to EST besides the copy of a trading position slip as to make it easy for those who follow - and will place it under the copy of the slip from his portfolio. Without the copy the position will not be entered.
After the trading position will be posted - in the following post the contestant will reason his trade.
We're doing this in order to better ourselves in trading binary options as we're doing in MLB and NBA.
First week will be a running the system week when we will learn together how to improve the format and the timing.
GL to all
0
Quote Originally Posted by SportsMavin:
Starting a Binary Options Contest!
The format will be as follows:
1 to 3 trades daily.
Each contestant will state the time of his position converted to EST besides the copy of a trading position slip as to make it easy for those who follow - and will place it under the copy of the slip from his portfolio. Without the copy the position will not be entered.
After the trading position will be posted - in the following post the contestant will reason his trade.
We're doing this in order to better ourselves in trading binary options as we're doing in MLB and NBA.
First week will be a running the system week when we will learn together how to improve the format and the timing.
Each contestant will state the time of his position converted to EST besides the copy of a trading position slip as to make it easy for those who follow - and will place it under the copy of the slip from his portfolio. Without the copy the position will not be entered.
After the trading position will be posted - in the following post the contestant will reason his trade.
We're doing this in order to better ourselves in trading binary options as we're doing in MLB and NBA.
First week will be a running the system week when we will learn together how to improve the format and the timing.
GL to all
And by what time standart will you place your trades Mavin? You're gonna be part of the contest don't you lad?
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Quote Originally Posted by SportsMavin:
Starting a Binary Options Contest!
The format will be as follows:
1 to 3 trades daily.
Each contestant will state the time of his position converted to EST besides the copy of a trading position slip as to make it easy for those who follow - and will place it under the copy of the slip from his portfolio. Without the copy the position will not be entered.
After the trading position will be posted - in the following post the contestant will reason his trade.
We're doing this in order to better ourselves in trading binary options as we're doing in MLB and NBA.
First week will be a running the system week when we will learn together how to improve the format and the timing.
GL to all
And by what time standart will you place your trades Mavin? You're gonna be part of the contest don't you lad?
Mavin...........Who or what is liquidity provider??
Another question........When taking this longer term (2 day) call option on oil, you had to ADD 2.00$ to the current price in order to take that trade? I had no idea they did this. To me, that seems like a large spread to overcome on a 48 hour trade. But what do I know, you took it and covered it easily, congrats on that call.
If you would have taken a put position (instead of call) on the same 2 day oil trade, do they set the price 2.00$ below current price or what?
Liquidity Providers are like Vegas of binary options.
The reason I took this trade or at least one of the reasons that convinced me to take that position was that 2:00$ hike Liquidity Providers put without doing it other way around of course. That told me that the price will be higher and that is the way they try to protect themselves from people taking that CALL position. When I called my account manager at optionrally asking him about the issue - he said the same - take call without fear. It will be In the Money. he wasright. I was right. And I learned something I knew before all over again
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Quote Originally Posted by 1IRON:
Mavin...........Who or what is liquidity provider??
Another question........When taking this longer term (2 day) call option on oil, you had to ADD 2.00$ to the current price in order to take that trade? I had no idea they did this. To me, that seems like a large spread to overcome on a 48 hour trade. But what do I know, you took it and covered it easily, congrats on that call.
If you would have taken a put position (instead of call) on the same 2 day oil trade, do they set the price 2.00$ below current price or what?
Liquidity Providers are like Vegas of binary options.
The reason I took this trade or at least one of the reasons that convinced me to take that position was that 2:00$ hike Liquidity Providers put without doing it other way around of course. That told me that the price will be higher and that is the way they try to protect themselves from people taking that CALL position. When I called my account manager at optionrally asking him about the issue - he said the same - take call without fear. It will be In the Money. he wasright. I was right. And I learned something I knew before all over again
Why when I ask in a PM or in the open forum on the ways to be a US resident and trade with Optionrally I'm never answered. For 2 weeks, I have been sidelined waiting patiently for an answer so I can participate and no one has assisted. Georgeofthejungle was just trying to help people like me who haven't been educated on the methods but have been asking
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Why when I ask in a PM or in the open forum on the ways to be a US resident and trade with Optionrally I'm never answered. For 2 weeks, I have been sidelined waiting patiently for an answer so I can participate and no one has assisted. Georgeofthejungle was just trying to help people like me who haven't been educated on the methods but have been asking
Let me introduce myself first - I'm currently a grad student at DePaul and my dad is practicing law for more 3 decades and have been a involved with some issues being discussed here. So, please let me first introduce the topic in it's right format (citing the history of the Binary Options as we know of today):
Despite the fact that binary options trading has been practiced for over 30 years, only in the past few years has this financial instrument become an extremely popular method of generating income. Prior to 1973, binary options could only be found in closed markets, often showing up as only a small element of the trading platforms they could be found in. This is quite different from modern binary options trading, which is available on a global scale and of course – online. Certain key changes have made this possible.
The Chicago Board of Options Exchange played an important role in transforming binary options trading to what it has become today. It was their formation via the Board of Trade that allowed binary options to become over-the-counter transactions. Though trading was not standardized at this time, binary options would eventually become so through different regulations. It was this change that caused several markets to include this trade type in their trading portfolios.
Lack of regulation continued to impact binary options trading for quite some time. Establishment of the Options Clearing Corporation helped this form of trading overcome many of these challenges. Clearer instructions and a greater level of transparency aided in binary options trading gaining a higher level of respect. Along with these changes, set guidelines for trader conduct were also introduced. Those who traded in unethical manners were temporarily or permanently banned from the trading platform.
Despite major improvements, binary options trading remained only a small segment of the trading world. This would forever change in 2008 when the SEC would accept the proposals put forth by the Options Clearing Corporation and allow binary options to be offered in major markets. The American Stock Exchange would be the first to offer binary options, with the CBOE offering them publicly soon after. Today, binary options are widely traded and as such have drawn the attention of thousands who were previously unfamiliar with this financial instrument.
The rules and regulations that were introduced in 2007 and 2008 were only part of the reason as to why binary options trading has become such a popular choice. The transparency of the trading system that allows for less speculation appeals to many. Though the basics of binary options trading have changed very little over time, major changes to how trading is done have been made. Technology has played a vital role, with traders now being able to conduct all trades via online platforms and even smartphones and tablet computers. OptionRally has even introduced iPad platform that is capturing wider and wider markets on a daily basis as that seem to be the optimal tool size and resolution wise to make the trading convenient and integrated with other things we do daily. Trading can now be done from anywhere, with no need to download a program.
Another key change has been in regard to broker improvements. Some binary options broker improvements have been the direct result of increased rules and regulations, while others have been the result of the need to meet the needs of traders. Since 2009, major brokers have improved trading platforms, increased customer service, provided more tools to traders, and included real-time financial data and market news from reputable sources such as Reuters and Bloomberg. Each of these improvements have directly benefited binary options traders and will continue to do so.
The history of binary options trading is an interesting one. What many people now question is what does the future hold? If the number of new traders using binary options each day is any indicator, the future of this financial instrument will certainly be bright. We should also expect to see more in terms of technological advances and even more rules and regulations that will render trading an even safer experience. Progress will surely continue to be made, making binary options an important income generator that should not be overlooked.
0
Hi
Let me introduce myself first - I'm currently a grad student at DePaul and my dad is practicing law for more 3 decades and have been a involved with some issues being discussed here. So, please let me first introduce the topic in it's right format (citing the history of the Binary Options as we know of today):
Despite the fact that binary options trading has been practiced for over 30 years, only in the past few years has this financial instrument become an extremely popular method of generating income. Prior to 1973, binary options could only be found in closed markets, often showing up as only a small element of the trading platforms they could be found in. This is quite different from modern binary options trading, which is available on a global scale and of course – online. Certain key changes have made this possible.
The Chicago Board of Options Exchange played an important role in transforming binary options trading to what it has become today. It was their formation via the Board of Trade that allowed binary options to become over-the-counter transactions. Though trading was not standardized at this time, binary options would eventually become so through different regulations. It was this change that caused several markets to include this trade type in their trading portfolios.
Lack of regulation continued to impact binary options trading for quite some time. Establishment of the Options Clearing Corporation helped this form of trading overcome many of these challenges. Clearer instructions and a greater level of transparency aided in binary options trading gaining a higher level of respect. Along with these changes, set guidelines for trader conduct were also introduced. Those who traded in unethical manners were temporarily or permanently banned from the trading platform.
Despite major improvements, binary options trading remained only a small segment of the trading world. This would forever change in 2008 when the SEC would accept the proposals put forth by the Options Clearing Corporation and allow binary options to be offered in major markets. The American Stock Exchange would be the first to offer binary options, with the CBOE offering them publicly soon after. Today, binary options are widely traded and as such have drawn the attention of thousands who were previously unfamiliar with this financial instrument.
The rules and regulations that were introduced in 2007 and 2008 were only part of the reason as to why binary options trading has become such a popular choice. The transparency of the trading system that allows for less speculation appeals to many. Though the basics of binary options trading have changed very little over time, major changes to how trading is done have been made. Technology has played a vital role, with traders now being able to conduct all trades via online platforms and even smartphones and tablet computers. OptionRally has even introduced iPad platform that is capturing wider and wider markets on a daily basis as that seem to be the optimal tool size and resolution wise to make the trading convenient and integrated with other things we do daily. Trading can now be done from anywhere, with no need to download a program.
Another key change has been in regard to broker improvements. Some binary options broker improvements have been the direct result of increased rules and regulations, while others have been the result of the need to meet the needs of traders. Since 2009, major brokers have improved trading platforms, increased customer service, provided more tools to traders, and included real-time financial data and market news from reputable sources such as Reuters and Bloomberg. Each of these improvements have directly benefited binary options traders and will continue to do so.
The history of binary options trading is an interesting one. What many people now question is what does the future hold? If the number of new traders using binary options each day is any indicator, the future of this financial instrument will certainly be bright. We should also expect to see more in terms of technological advances and even more rules and regulations that will render trading an even safer experience. Progress will surely continue to be made, making binary options an important income generator that should not be overlooked.
So, the first question to be answered would be - is trading Binary Options against the law for US residents? And the answer is NO. Your place of residence has nothing to do with trading Binary Options. But, if it's so, why regulated or in process of being regulated trading houses deny US residents to register with their companies? Well, the answer is very easy - they do not deny registration to US citizens but deny registration to the applicants that try to register from US IP Address. Why? There are number of presumed reasons but none has been tested such as part of being regulated is obedience to regulator rules is being taxable for the earnings and in case of the earnings from American money - US govt might want part of it and since they're not going after their own citizens in that case which report on W4 forms their earnings - they might come out after the companies and that scares them. Only an assumption as that did not happen yet.
So, the bottom line is - if you can register from other than US based IP Address - there will be no problems in later stages as depositing and withdrawing your money.
I have personally tested it and have today fully legal trading account out of which I already withdrew twice through wire transfer (same as the deposit method)
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So, the first question to be answered would be - is trading Binary Options against the law for US residents? And the answer is NO. Your place of residence has nothing to do with trading Binary Options. But, if it's so, why regulated or in process of being regulated trading houses deny US residents to register with their companies? Well, the answer is very easy - they do not deny registration to US citizens but deny registration to the applicants that try to register from US IP Address. Why? There are number of presumed reasons but none has been tested such as part of being regulated is obedience to regulator rules is being taxable for the earnings and in case of the earnings from American money - US govt might want part of it and since they're not going after their own citizens in that case which report on W4 forms their earnings - they might come out after the companies and that scares them. Only an assumption as that did not happen yet.
So, the bottom line is - if you can register from other than US based IP Address - there will be no problems in later stages as depositing and withdrawing your money.
I have personally tested it and have today fully legal trading account out of which I already withdrew twice through wire transfer (same as the deposit method)
I'm gonna walk my dog (if my girlfriend heard I am calling our beautiful Golden Retriever a dog - she'd probably strangle me in my sleep) - and be back to continue before driving off.
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I'm gonna walk my dog (if my girlfriend heard I am calling our beautiful Golden Retriever a dog - she'd probably strangle me in my sleep) - and be back to continue before driving off.
The best and most effective way registering from US is detouring the system that identifies the IP addresses through using VPN and registering from anywhere but US (Canada is the closest so I would suggest to do that). That is not against the law and all over the world VPN is used for various goals by everyone. I used a public library address from Ottawa and no one raised the eye brow about it.
Later I wire transferred from my bank in Chicago to the bank defined as "for non European depositors. That actually makes everything legal and proper as with the wire transfer your actual address is attached and that will prove helpful while withdrawing as well. That is all. Plain and simple. At some stage you'll be asked to send in the copy of your drivers' license and I did send and everything was ok as well
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So, continuing on what I started before:
The best and most effective way registering from US is detouring the system that identifies the IP addresses through using VPN and registering from anywhere but US (Canada is the closest so I would suggest to do that). That is not against the law and all over the world VPN is used for various goals by everyone. I used a public library address from Ottawa and no one raised the eye brow about it.
Later I wire transferred from my bank in Chicago to the bank defined as "for non European depositors. That actually makes everything legal and proper as with the wire transfer your actual address is attached and that will prove helpful while withdrawing as well. That is all. Plain and simple. At some stage you'll be asked to send in the copy of your drivers' license and I did send and everything was ok as well
hey mavin, 38 - 26, is that a win % to be proud of? would there be many other binary traders achieving this number?
The bottom line is +9207$ not the 38 wins and 26 losses. I am not here for pride buddy but to make some dough for you and me and the others and better ourselves in doing that during the process. That record only relates to trades here since the thread has started. I personally have earned more than enough trading binaries and no - I am not proud of 38-26. I'd rather have 64-0
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Quote Originally Posted by Finno:
hey mavin, 38 - 26, is that a win % to be proud of? would there be many other binary traders achieving this number?
The bottom line is +9207$ not the 38 wins and 26 losses. I am not here for pride buddy but to make some dough for you and me and the others and better ourselves in doing that during the process. That record only relates to trades here since the thread has started. I personally have earned more than enough trading binaries and no - I am not proud of 38-26. I'd rather have 64-0
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