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. 
Topic: What do you think about option trading? (Read 605 times)
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.
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. Thank you .
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.
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.
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.
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 ?
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. 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.
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. 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'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.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.
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.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.
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. 
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.
I found an interesting word, yes a kind of gambling and betting. trading is full of risks and there are things that are difficult to predict. I am aware that crypto trading is different from forex and binary.the equation is a big risk and luck is an important part of trading it.
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 .
I didn't hear the term Option trading before,you are saying that margein trading or something else?Thank you .
None of the strategy will help you to be successful in the bear trend you need to find the coins which is buying low now and might sell for high price in the future.
Like the OP said, the call or put options are the different types of option trading contract. Call means the owner has the right to purchase shares with specified security and price at specified time frame while the put means to sell it likewise. Therefore, option trading is all about risk takers choice that is based on historical and implied volatility.
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.
Practically, it's the same predicting of the price. But, I think, this should be able on crypto market. Same instruments as in usual markets should help bitcoin to become more popular among institutional investors.
Option trading is not as difficult as people make it look like, though it's risky, but the last time I checked almost every investment involves risks.
If you feel option trading suits you, do more to sharpen your knowledge on it, you can make quite a lot of money from it, but you could also lose money
If you feel option trading suits you, do more to sharpen your knowledge on it, you can make quite a lot of money from it, but you could also lose money
You mean binary option ?. It’s good if you know how to trade it. I have tried binary option and forex trading, and both have some similarities, but I do think that forex is the difficult one among the two (there are people who think binary is the difficult one too, depends).
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.
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.
Choosing trading is one of the best option that you choose in your life. During the bearish market the value is down so it means it is the time when the price of the altcoins very low so you can have chance to purchase a coin that day or even this year price is still low. Trading is one of the best way for you to earn money and I think it still best way to grow your bitcoin and altcoins.
Jump to: