What do you think about option trading?

[carlfebz2]

It's like gambling since you somehow don't use technical analysis in putting call if the market will go up or down. It's like betting game but in this case you only have two options to place your bet on. I think it's a good entertainment for traders who are always hardworking doing a day trading.

if a person has invested quite a lot of money in this business, then this is not a game at all. Although I really understand. Well, that many users of cryptocurrency use this type of activity for their entertainment, but I treat this as a worthy source of income and take it seriously.

Only a few would sustain when it regards to binary options.I do rather treat this as a gambling stuff rather than on a trading thing. Call and Put decision making
would really be hard depending on which time frame you do bet on. The longer the duration it would most likely turned to be a trading thing yet you can still make analysis and
 do able to check charts before making a decision.

[1715539249]

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[Suslura]

It's like gambling since you somehow don't use technical analysis in putting call if the market will go up or down. It's like betting game but in this case you only have two options to place your bet on. I think it's a good entertainment for traders who are always hardworking doing a day trading.

if a person has invested quite a lot of money in this business, then this is not a game at all. Although I really understand. Well, that many users of cryptocurrency use this type of activity for their entertainment, but I treat this as a worthy source of income and take it seriously.

Only a few would sustain when it regards to binary options.I do rather treat this as a gambling stuff rather than on a trading thing. Call and Put decision making
would really be hard depending on which time frame you do bet on. The longer the duration it would most likely turned to be a trading thing yet you can still make analysis and
 do able to check charts before making a decision.

Of course, for daily trading it is necessary to monitor the cryptocurrency market constantly, almost without looking up from the monitor of your computer. Analyzing the charts of all projects that interest us is the only chance to get good results, although with the current state of the cryptocurrency market it is very difficult to do this.But if we talk about reality and the withdrawal of trade in binary options, then of course, first of all, we need to talk about their advantages, namely that this activity combines controlled risks, high profitability and ease of conducting transactions. But as far as I understand, a simple person will not be able to trade binary options, because in any case he will need a special broker.

[manggis97]

where did you guys trading crypto for option trading?

You can trade binary option on pair crypto in the broker  of Olymptrade.  I did it but very difficult  to earn  profit from it because our emotional hard to control.  I prefer doing swing trading in forex market,  stocks market  and in crypto because i like to do long term trading. 

[arpon11]

where did you guys trading crypto for option trading?

You can trade binary option on pair crypto in the broker  of Olymptrade.  I did it but very difficult  to earn  profit from it because our emotional hard to control.  I prefer doing swing trading in forex market,  stocks market  and in crypto because i like to do long term trading. 

It is the reality!  It is very difficult to makes profits from options trading and many people have loss significant amounts of money in binary options trading. I was involved with forex binary options trading before and I loss $1600 dollars in it around 2014 , since then I have not been playing options trading.  It is very risky and you hardly can win consecutively in a long run. Cryptocurrencies binary options is not much different from forex binary options trading and you need the brokers in other to be able to trade it.

[OrangeSeller]

where did you guys trading crypto for option trading?

You can trade binary option on pair crypto in the broker  of Olymptrade.  I did it but very difficult  to earn  profit from it because our emotional hard to control.  I prefer doing swing trading in forex market,  stocks market  and in crypto because i like to do long term trading. 

It depends from person to person. Some people have good knowledge and technical mindset related to buying and selling. For them, stock trading is suitable. Furthermore, those who have good power of patience, for them, hodling is biggest opportunity to earn money.

Chances are there, we only have to map them according to our interests and skill set. This way, everyone wouldn’t see dark days in trading.

[el kaka22]

Why I said forex is difficult and binary is easier is because when it comes to binary trading, there isn’t much to do except guessing if the asset will go up or down within a set time of your choice. But in forex, the work is more than that, and that’s not what I’m here to discuss though. You can just go for binary option, it’s good and majority of them like iQoption now allows traders to trade cryptocurrency too.

I have seen that many people on this community is always comparing options trading into gambling and binary options are very much similar to tossing up a coin. Binary options are just a sub part of options trading which is usually having a conventional notation of F&O as per my country standards which denotes Futures and Options.

I agree options trading much easier than forex trading but I do not encourage both of them compared to crypto trading. After I was introduced to cryptos and crypto trading, my total view on trading markets had changed. It is like when we are having easier and predictable markets why should we risk in highly unpredictable markets like forex nor with gambling-like markets ?

[Slark]

I don't have much experience in this but I tried trading there. And I can say that my experience was not very successful. I don't know what this is about, but I don't want to try trading there anymore.

[NikolasDanoff]

Trading options can be profitable and there are many successful options traders, but again like in all other sorts of trading the risk is high and it depends on the experience the given trader has. If for example, you are risking 5-10% of your disposable capital in every single trade then it is obvious you won't be able to sustain any more significant drawdown and will lose all your money. I see people over and over again bet everything on one single option trade... I prefer to risk no more than 1% of my balance per trade, and this way I never risk too much. There are many brokers who offer crypto CFD or binary options on crypto-assets, but not many of them are trustworthy and there are many scams as well. I am using some review sites like this one https://www.thatsucks.com/crypto-brokers/ to read what people are saying about these brokers and can I trust to trade with them. Sometimes it is even better to make your own due diligence, to ask other traders about their experience etc., but in most cases, the problem is not with the broker but with the way too aggressive approach most traders have.

[cunicula]

Option trading or binary trading is just a clever way to grab bitcoins or crypto of foolish crypto enthusiasts. They tend to make you win some time and when you place a big bet they just tend to make you lose.

[playboy654]

We all have heard about option trading , where you can Call or Put Options ,I was thinking that could be a good way in this bearish market instead of usual trading or margin trading , but I haven't tried that yet , would like to know your idea especially experienced ones in that case ,, What do you think guys about it?
Thank you .

yes you are right in this bearish market you need to do something different for gaining the profit that you have mentioned in your previous plan so it definitely need to execute some different kinds of trading things like this I think it will be successful in this market condition.

[Danumsigwasan]

My opinion is not good about Option trading. It is a way created to look like Forex but it only brings losers. Most of the companies in Binary are not regulated and due to that they will scam by closing their services or they will close your account. I don't need to give examples because most people will be able to find about Binary option themselves. So if you do then you should do Forex not Binary option.

[hyunee]

In my opinion binary option trading is more risky than spot crypto trading, and according to research only about 10%-20% of trader that possible make profit.  I was try it a few years ago but very hard to make profit from it,  I think to make profit from bearish market is better to do margin trading with low leverage, this way is more possible to make profit.

I don't really know the terminology option trading and if the meaning of that is just like this post, then I think I'll not use that even I will be taught by someone else. 10%-20% profit is not that big for me and if that is the maximum profit then I think it's so much better just to ignore this type of trading.