Binary Options
Binary options are gaining traction with retail brokers. The product is easy for the average Joe to understand. Has anyone seen these sites? Are they even legal? I imagine a security based on publicly traded stock must be governed by the SEC?
http://www.startoptions.com/options/
http://www.anyoption.com/jsp/index.jsf?s=2&gclid=C...
The site works by you selecting if the price in exactly one hour will be above or below the current price.
They are really a rip off. The pricing is really bad. Payouts are around 70%, for both a bear or bull trade. Obviously in a perfectly fair market without transaction costs there should be offsetting payouts on either end. i.e. if payout for above a given price is 70% return then the payout below the price should be 130%. The sites are acting as the market maker I guess, and making killing.
The other ethical issue is they advertise "make 70% in an hour!" but they forget to mention "lose 100% in an hour."





I don't think I've ever
Thanks for the advice, I'll
Well said FX! Definitely
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-30 Rock
Do you guys know/use any site
Buy a tight call spread if
creditderivatives wrote: The
a big thanks to whoever
jonabrown77 wrote: Do you
Tupac wrote: jonabrown77
Forex software? I was
jonabrown77 wrote: Forex
hey can someone toss me a
I agree it's obvious odds are
Keep on sucking till you succeed, Curley.
I've been considering playing
So how much of this am I
Oh... my... god... this is
"Well, you know, I was a human being before I became a businessman." -- George Soros