Comments on: A Mind Blowing Epiphany in Day Trading Binary Options http://make300aday.com/286/a-mind-blowing-epiphany-in-day-trading-binary-options/ Using Binary Options Trading to Make Money in the Stock Market Tue, 20 Jul 2010 13:36:44 -0700 hourly 1 http://wordpress.org/?v=3.0.1 By: Steve http://make300aday.com/286/a-mind-blowing-epiphany-in-day-trading-binary-options/comment-page-1/#comment-122 Steve Thu, 25 Mar 2010 02:01:43 +0000 http://make300aday.com/?p=286#comment-122 Hi Bart- Didn't see this comment right away. While I know there aren't any transactions costs related to binary options TRADING - money funds transfers between banks (either your checking account or credit card account) may be subject to interbank fees (wire fees, etc.) This may or MAY NOT be related to something EZTrader did or your bank did. For an explanation you'll really need to take it up with either the bank where you initiated the funds transfer OR EZTrader or both. EZTrader definitely has specific fees for moving money out of your account - particularly by wire - but this is no different than any other brokerage. Sorry to not be more specific than that.. I have no access to yours or anyone else's accounts. Please feel free to post/reply what you find out. Hi Bart-

Didn’t see this comment right away. While I know there aren’t any transactions costs related to binary options TRADING – money funds transfers between banks (either your checking account or credit card account) may be subject to interbank fees (wire fees, etc.) This may or MAY NOT be related to something EZTrader did or your bank did.

For an explanation you’ll really need to take it up with either the bank where you initiated the funds transfer OR EZTrader or both.

EZTrader definitely has specific fees for moving money out of your account – particularly by wire – but this is no different than any other brokerage.

Sorry to not be more specific than that.. I have no access to yours or anyone else’s accounts.

Please feel free to post/reply what you find out.

]]> By: Bart http://make300aday.com/286/a-mind-blowing-epiphany-in-day-trading-binary-options/comment-page-1/#comment-121 Bart Mon, 22 Mar 2010 01:24:52 +0000 http://make300aday.com/?p=286#comment-121 Hi Steve, Just wondering if you would know why a fee of 4.66$ would be added to my original deposit of 100$ when I opened an account on EZTrader? I know it is not a big amount, but since they stated there are no fees, just want to make sure I know of all details in advance. Thanks so much Hi Steve,
Just wondering if you would know why a fee of 4.66$ would be added to my original deposit of 100$ when I opened an account on EZTrader? I know it is not a big amount, but since they stated there are no fees, just want to make sure I know of all details in advance.

Thanks so much

]]> By: Bart http://make300aday.com/286/a-mind-blowing-epiphany-in-day-trading-binary-options/comment-page-1/#comment-120 Bart Sat, 20 Mar 2010 18:35:21 +0000 http://make300aday.com/?p=286#comment-120 Steve, your advice has been most useful. After only 1 week I have made a small profit. I will wait for another week to withdrawal some money just to save on some fees. Hopefully I do not encounter any problems. You are absolutely right: if you don't have some sort of plan, you can quickly lose all your money. I really look forward to your next worksheet and video! Your input has been most appreciated Steve. Thanks Steve, your advice has been most useful. After only 1 week I have made a small profit. I will wait for another week to withdrawal some money just to save on some fees. Hopefully I do not encounter any problems. You are absolutely right: if you don’t have some sort of plan, you can quickly lose all your money.
I really look forward to your next worksheet and video!
Your input has been most appreciated Steve.

Thanks

]]> By: Steve http://make300aday.com/286/a-mind-blowing-epiphany-in-day-trading-binary-options/comment-page-1/#comment-117 Steve Sat, 20 Mar 2010 00:19:24 +0000 http://make300aday.com/?p=286#comment-117 Best of luck Bart. I've read so much hype about binary options I just had to put <em>something</em> to paper to help people avoid getting fleeced. Screw up a binary options trade or trade without a plan and forgetaboutit! Your investment capital is toast! Always have a plan, always use the binary options for what they're good for: making your trade an "either or" position. Either I get what I want with "A", or my binary options payoff will be "B". Keep that in mind and every trade will result in <em>some</em> type of desired result. Best of luck Bart. I’ve read so much hype about binary options I just had to put something to paper to help people avoid getting fleeced. Screw up a binary options trade or trade without a plan and forgetaboutit! Your investment capital is toast! Always have a plan, always use the binary options for what they’re good for: making your trade an “either or” position. Either I get what I want with “A”, or my binary options payoff will be “B”.

Keep that in mind and every trade will result in some type of desired result.

]]> By: Steve http://make300aday.com/286/a-mind-blowing-epiphany-in-day-trading-binary-options/comment-page-1/#comment-116 Steve Fri, 19 Mar 2010 23:07:31 +0000 http://make300aday.com/?p=286#comment-116 Yeah, if you want to make it easier on yourself copy/paste your account transactions log into excel and or quicken. Format it once correctly and then you'll be able to get it into quicken and be done with it 'til tax time. As for how I claim - I let the tax accountant do that - I think he puts it on Schedule D, short term gains/losses (max tax bracket but whatever). I am prepping another binary options trade for worksheet and video... it's just I only have so many hours in the day to get all the other stuff done... THEN I sit down to start writing... when I can stand it lol... Yeah, if you want to make it easier on yourself copy/paste your account transactions log into excel and or quicken. Format it once correctly and then you’ll be able to get it into quicken and be done with it ’til tax time.

As for how I claim – I let the tax accountant do that – I think he puts it on Schedule D, short term gains/losses (max tax bracket but whatever).

I am prepping another binary options trade for worksheet and video… it’s just I only have so many hours in the day to get all the other stuff done… THEN I sit down to start writing… when I can stand it lol…

]]> By: Bart http://make300aday.com/286/a-mind-blowing-epiphany-in-day-trading-binary-options/comment-page-1/#comment-111 Bart Thu, 18 Mar 2010 02:36:56 +0000 http://make300aday.com/?p=286#comment-111 Clearer than mud! Hopefully if I hit a decent amount, I will let you know how long it takes for my payment to be deposited into my account. I checked out the excel sheet and it was useful. I actualy used your references earlier and created a sheet for myself just so that I won't forget the google examples you created. I am very proficient in excel so if you have any other examples please post them! I had one more question for you Steve: how do you personally go about claiming your income generated (or losses) from Binary Options on your income tax return? I called the revenue office myself and found out that I have to keep track of my investments myself since these brokers do not issue receipts etc..I just think that if I were to accumulate a year's worth of trades, the calculations will leave room for error. If you have an easier way, I would appreciate it. Thanks Steve! Clearer than mud! Hopefully if I hit a decent amount, I will let you know how long it takes for my payment to be deposited into my account.
I checked out the excel sheet and it was useful. I actualy used your references earlier and created a sheet for myself just so that I won’t forget the google examples you created. I am very proficient in excel so if you have any other examples please post them!
I had one more question for you Steve: how do you personally go about claiming your income generated (or losses) from Binary Options on your income tax return? I called the revenue office myself and found out that I have to keep track of my investments myself since these brokers do not issue receipts etc..I just think that if I were to accumulate a year’s worth of trades, the calculations will leave room for error. If you have an easier way, I would appreciate it.
Thanks Steve!

]]> By: Steve http://make300aday.com/286/a-mind-blowing-epiphany-in-day-trading-binary-options/comment-page-1/#comment-110 Steve Thu, 18 Mar 2010 02:17:27 +0000 http://make300aday.com/?p=286#comment-110 Thanks for the kind words. Be sure to grab the worksheets (search for "excel") on here and you should be able to track them down. They aren't world changers - just conceptually helpful. As for brokers, they are fairly similar. <strong><a href="http://www.my-linker.com/hop/bin_x" rel="nofollow">Binarix</a></strong> and <strong><a href="http://www.my-linker.com/hop/binary-account" rel="nofollow">EZTrader</a></strong> seem to offer the biggest entry bonus cash (makes it easier to get yourself going) - but they offer obviously only selected securities. <strong><a href="http://www.my-linker.com/hop/anyoption_direct" rel="nofollow">AnyOption</a></strong> offers commodities and far-out Foreign indexes, but no entry bonus cash (although they SAY they offer bonuses to high volume traders - guess I haven't qualified yet...). <strong><a href="http://www.my-linker.com/hop/tradesmarter" rel="nofollow">Tradesmarter</a></strong> (to my knowledge) is the only one that offers platinum. Personally my expertise is in tech stocks and US domestic stocks... Binarix and EZTrader cover those. I also have significant expertise in Oil - only AnyOption covers oil trading, copper, gold, silver, etc. All things equal - go with the bonus cash... but if you specialize in a market (and specialization is where the big money is made), you need to use whichever broker trades your best securities. Clear as mud? Thanks for the kind words. Be sure to grab the worksheets (search for “excel”) on here and you should be able to track them down. They aren’t world changers – just conceptually helpful.

As for brokers, they are fairly similar. Binarix and EZTrader seem to offer the biggest entry bonus cash (makes it easier to get yourself going) – but they offer obviously only selected securities. AnyOption offers commodities and far-out Foreign indexes, but no entry bonus cash (although they SAY they offer bonuses to high volume traders – guess I haven’t qualified yet…). Tradesmarter (to my knowledge) is the only one that offers platinum.

Personally my expertise is in tech stocks and US domestic stocks… Binarix and EZTrader cover those. I also have significant expertise in Oil – only AnyOption covers oil trading, copper, gold, silver, etc.
All things equal – go with the bonus cash… but if you specialize in a market (and specialization is where the big money is made), you need to use whichever broker trades your best securities. Clear as mud?

]]> By: Bart http://make300aday.com/286/a-mind-blowing-epiphany-in-day-trading-binary-options/comment-page-1/#comment-109 Bart Thu, 18 Mar 2010 02:03:36 +0000 http://make300aday.com/?p=286#comment-109 Thanks for the detailed explanation Steve - much appreciated. You seem to be experienced and well-informed on Binary Options, so is there one broker that you would personally recommend? Or is there a favorite broker that you have? By the way, thanks for the binary hedge tips. Thanks for the detailed explanation Steve – much appreciated. You seem to be experienced and well-informed on Binary Options, so is there one broker that you would personally recommend? Or is there a favorite broker that you have?
By the way, thanks for the binary hedge tips.

]]> By: Steve http://make300aday.com/286/a-mind-blowing-epiphany-in-day-trading-binary-options/comment-page-1/#comment-106 Steve Thu, 18 Mar 2010 00:30:28 +0000 http://make300aday.com/?p=286#comment-106 I use a variety of brokers (because no one carries everything and they're all different) but I will tell you this. The FUNDS availability statement for EZTrader is fairly restrictive relative to what most traders are used to. Given that all of these guys offer bonus cash, they have to do that because others people would just make a deposit, snag the bonus cash, and bail. READ THE TERMS OF SERVICE. The restrictions about withdrawals are spelled out pretty well at EZTrader, other sites do a little less clear job of explaining. It seems a little onerus, but when was the last time your regular broker ponied up 40+% of bonus cash on your $2500 deposit or $4000 deposit? To get funds available, you have to trade. I make numerous suggestions on here as to how to <b><a href="http://binary-option-broker.com/193/binary-options-trade-combining-a-put-with-a-long-stock-purchase/" rel="nofollow">binary hedge</a></b> effectively to avoid complete wipe outs and give yourself a good chance of walking away with at least a little of the binary options bonus cash - if not direct trading profits. I KNOW some of you are trading profitably because I can see some of the results on the back end. Watch the videos. Read the strategies. Understand the restrictions and you should come out with your sanity intact and a few bucks in your pocket. Hang in there. I use a variety of brokers (because no one carries everything and they’re all different) but I will tell you this. The FUNDS availability statement for EZTrader is fairly restrictive relative to what most traders are used to. Given that all of these guys offer bonus cash, they have to do that because others people would just make a deposit, snag the bonus cash, and bail.

READ THE TERMS OF SERVICE. The restrictions about withdrawals are spelled out pretty well at EZTrader, other sites do a little less clear job of explaining. It seems a little onerus, but when was the last time your regular broker ponied up 40+% of bonus cash on your $2500 deposit or $4000 deposit? To get funds available, you have to trade. I make numerous suggestions on here as to how to binary hedge effectively to avoid complete wipe outs and give yourself a good chance of walking away with at least a little of the binary options bonus cash – if not direct trading profits.

I KNOW some of you are trading profitably because I can see some of the results on the back end. Watch the videos. Read the strategies. Understand the restrictions and you should come out with your sanity intact and a few bucks in your pocket. Hang in there.

]]> By: Bart http://make300aday.com/286/a-mind-blowing-epiphany-in-day-trading-binary-options/comment-page-1/#comment-105 Bart Thu, 18 Mar 2010 00:05:25 +0000 http://make300aday.com/?p=286#comment-105 I just started using EZTrader this week and so far no problem but the payment stories scare me. Does anybidy have any positive payment scenarios? How about you Steve, do you use EZTrader and if so have you been successful? I just started using EZTrader this week and so far no problem but the payment stories scare me. Does anybidy have any positive payment scenarios? How about you Steve, do you use EZTrader and if so have you been successful?

]]>