http://www.cftc.gov/MarketReports/Commit...
The COT report is always several weeks behind, and you're grasping at straws to think this might be some kind of magic indicator. You still don't know if these traders have already exited, plan on exiting, or have hedged their positions or use their position to offset other positions in a larger portfolio. The same holds true for implied volatility of the options and/or short interest.
Binary options are a fool's game. Just go to the casino and at least enjoy losing your money.
The number one reason new traders fail? No trade plan. No plan and no knowledge spells disaster. Learn investing first. Once you become consistent, once you have a plan, once you know how to control risk to a decent level, then you might still want to take another look at trading. But hoards of people make money investing. There are no hoards of people making money trading binaries.
Binary options are a SCAM. Do yourself a favor and read the SEC warning link below.
What you are doing is nothing but online betting at terrible odds. For a typical site:
Win: 70%
Lose: 100%
Expected value of each trade: (70 - 100 ) / 2 = -15%
You would have to predict over 60% just to break even.
Metatrader is the place to start for binaries i just made 2600 dollars this weak it is heart wrenching and my broker sent me the signals
I am starting to trade in oil mostly with binary options.
How to I get a real time chart or meter or feed saying the current traders choice to buy or sell.
The binary options platform I am using gives a buy/sell percentage of the trades choice but I was looking for something more professional if possible.
Thanks in advance.
