Monthly Archives: October 2012

Opteck Review

Opteck is one of the newest and most promising binary options brokers available for traders today. Originally founded by Bnet onlined Ltd., a private British company, it is owned and managed by a seasoned team of professionals dedicated to helping you make money by becoming a successful binary options trader. The OfferingOpteck offers one of the most profitable schemes available online today by a binary options trading platform. Traders are welcome to choose between 75 different assets to trade from ranging from High/Low, One Touch or Range High/Low type of trade. The assets offered on Opteck’s platform are carefully picked …

Binary Options Brokers Accepting Euro Deposits

If you are an active binary options trader looking to fund your account with Euros, you will find a plethora of brokers willing to offer their services. However, you should be aware that  while some brokers accept Euro deposits, their base currency may be USD. What does this mean? Well, in essense it means the you can deposit in Euros, but the balance is translated into the dollar equivalency. Why does this happen? Well, there are usually 2 possible reasons for this. The first has to do with the processing solutions the brokers has, and the second has to do …

Binary Options How to Withdraw Money

Im sure every binary options trader depositng money has eventually come across some type of difficulty cashing out funds. These difficulties can usually be separated into 2 main categories: The first has to do with the documentation you are required to provide when trying to make a withdrawal, and the second has to do with the withdrawal method. * There is an exception to US traders, the transfers can only be done via Bank Wires/Wire Transfers. In all cases documentation has to be provided when cashing out. These are the items that have to be sent: Official Photo ID or …

Binary Options Iron Condor Trading Strategy

What is an Iron Condor and how can this trading strategy be implemented in Binary Options?  Technically speaking, an Iron Condor is used for credit spreads and not for binary options. It is comprised of a bull-put kind of credit used together with a bear-call type of credit spread and creates a neutral position. You can make substantial gains and alot of money on neutral positions when the underlying stock or index does not fluctuate significantly from the original entry point. How do we implement this strategy in binary options trading in order to profit? The chart above displays a Google …

Binary Options Islam

Since I have no prior knowledge of the Quran I have collected information regarding Islamic law or Shariah from various Islamic sources and attempted to reach a conclusion about binary options being Halal (permissible) or Haram (Banned). The two main arguments Islamic religious authorities had against binary options trading are as follows: 1. According to Mufti Ikram ul Haq from the Fatwa Center of America binary options (all or nothing digital options) trading is Haram because it involves a large degree of uncertainty (risk in financial terms). In the Shariah this is called  “Gharar” and is prohibited. 2. Muslims are not allowed to …