Forum Trading Quiz Reply To: Trading Quiz

Nestor Steedley





November 20, 2015 at 9:31 am

Q: How long have you been trading binary options?
A: I began trading in October of ’14, so a little over a year now.

Q: Why did you decide to start trading binary options?
A: I am retired and wanted something that could supplement my income.

Q: Is binary options trading what you expected?
A: Yes and no.

Q: What trading strategy do you use?
A: I use Bollinger bands and the stochastic oscillator to trade.

Q: What timeframe do you trade from?
A: I trade using the fifteen minute timeframe.

Q: What expiry times do you mostly use?
A: Most of the time I use the fifteen or thirty minute expiry.

Q: How many trades do you think you average per week and/or month?
A: On average I will make more or less 10 trades a week. That’s about 40 trades a month.

Q: Are you consistently profitable?
A: Not at all. I’m consistently unprofitable. Luckily I’m still demo trading until I get the hang of things.

Q: Is there anything you know now that you wish you had known when you first started trading?
A: Nothing really. Maybe that you should do your homework before you decide to join a signal service. I made the mistake to join a signal service a while back after seeing their “live” trading results. I did not know at that time that there are scammers so that caused me to lose a couple hundred dollars. Luckily nothing major but still I could have avoided it by doing research.

Q: Do you trade anything else besides binary options?
A: No I don’t have the energy to learn something else as well. Binary options are where it stops for me.

Q: Anything else you’d want to add?
A: You are never too old to learn something new.