Posts Tagged binary markets
Today I was have a quiet and thought I’d play around with the binary markets. They have 5 minute binaries which can even make the most boring quiet market days really exciting. With binaries, the market goes from 0 to 100 and in 5 minutes, it’s can traverse from one extreme to the other.
However, any short term market.. and especially a very short timeframe such as 5 minutes, you’re practically dealing with ‘noise’ and therefore, randomness. There’s no skill in this, it’s ju
October 31, 2013
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I thought I'd try something different today and play with the 10 minute Up or Down markets on BetonMarkets. Basically, you bet that in the next 10 minutes the price of the underlying instrument that you've selected (in my case, GBPUSD) will be up or below the entry level. The entry level is the time when the bet is placed.
The cost of the trade was £1.06 for making 94p back. Therefore almost a 95% return on your money back should you get it right. I was only testing with a very small amount
March 1, 2012
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Last night, I found that my trading platform had 5 min UP/DOWN markets.. these are binary markets and allow you to bet on the movement of the DOW in 5 minute timeframes.. for example, you can bet if the DOW will go up or down in the next 5 minutes. I thought I would have a play and boy, was that the worst mistake.. it is pure gambling and I got my fingers burnt, I lost the equivalent of 70 points.. very bad! Anyway, I'll try not to play with it in future as it's not good for the bottom line.
October 1, 2008
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