Hello, my name is Frederik Sch., 32 years old and I live in Freiburg. I would like to explain my experience with binary options. I became aware of this kind of gambling while browsing various websites. I found it at bdswiss.com. I also found other providers such as Anyoption, OptionTime, TopOption, etc. There are many different providers, but I signed up with BDSwiss and Anyoption because these two got the best reviews.

Since it has long been a passion of mine to gamble, I found the attraction of the dangerous stock market game simply fantastic. Since you can only bet on call or put, that was exactly the right thing for me. I quickly signed up for BDSwiss and Anyoption. An account can be set up quickly and with a minimum bet of €100 at BDSwiss and €200 at Anyoption you’re in. But I have invested 500€ each. I used my credit card as the payment method for deposits and withdrawals. Enter your credit card number and be there.

Login to BDSwiss now and trade 60-second options immediately >>

Since there are many ways to gamble with binary options, I decided to use the 60 seconds option. I always did this from my PC at home, because I needed my rest to concentrate fully. Because I can’t do something like that quickly from the road. Since trading binary options is more of a financial bet, I had to come up with a good strategy. Also here I informed myself in the Internet. I quickly found what I was looking for on the relevant pages. Here one was explained completely exactly on which to pay attention is and how one must itself behavior. On a certain side I read then the 10 golden rules of the trade with binary options. I then read through these rules and found that there are actually no rules and simply luck must be on the trader’s side. One should inform oneself already with this business. Blue-eyed nobody needs to get in and hope for huge profits. I followed the stock market for a few weeks and then simply bet my money. Since I already knew a bit about the stock market business, I could then quickly commit myself to a kind of gambling. I always only bet on the DAX.

The “simple” thing about this type of gambling is that there are only two possibilities. Call or put. Up or down. With the 60 seconds option it’s a bit easier than with the 15, 30 or 60 minutes option. At my first attempt I put 100€ on call, so on top. Those were the 60 longest seconds of my life. In this short time I think I died 1000 deaths. In the end it turned out well for me and I continued playing right away, because I had made 75% profit within one minute, that is 75€. It can be a very rewarding business, trading binary options, but as with all games of chance, you can of course put plenty of money in the sand. However, I kept to a golden rule until today. Always act only with 5% of your available capital. But for many this is impossible to get through, but I have no addiction potential, which is good for me. The own limits should be recognized exactly, because with this kind of gambling in my opinion more money can be lost than elsewhere. I’m still enthusiastic about this method, although now I’m missing something of the “thrill”. Not so often anymore, but still regularly I gamble with binary options. It’s like real life, sometimes you win and sometimes you lose.

Experience report written by Frederik Sch., 32 years old, from Freiburg