Take a Bonus? Q&A Thread

This topic contains 1 reply, has 1 voice, and was last updated by  PIPING 2 years, 7 months ago.

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  • #1752 Reply

    Martin Kay

    Binary Options brokerages are launched every month. No wonder, the industry is booming – to attract traders it's quite a common practice to offer bonus money for prospective customers. Now the question is... is this really something legit so you can gain some advantage in your early trades, or just something crooked? Check out the threads below to see what the biggest BO community thinks of it.

    http://forums.binaryoptionsthatsuck....tforms-bonuses (Hot)
    http://forums.binaryoptionsthatsuck....tforms-bonuses (Closed for discussion, Similar to above)
    http://forums.binaryoptionsthatsuck....e-Bonus-or-not (Hot)
    http://forums.binaryoptionsthatsuck....s-Is-it-a-trap (Hot)
    http://forums.binaryoptionsthatsuck....just-the-bonus



    Newcomers: Join those discussions if you have any question about taking a bonus, or simply post it here if you can't find the right answers!

    #2086 Reply

    Kolyo

    Hi guys, This thread is dedicated to combine all the discussions about bonuses. To take or not to take them !? My personal believe is that taking the offered bonus is not the right step and it can force you to trade more in order to meet the necessary turnover and this will lead to excessive risk and eventual failure of your trading at the very beginning of your trading career when you have to be mostly cautious, but everyone should decide by yourself. If he is willing to trade aggressively with many contracts and big volume, than taking the bonus is ok.

    #2086 Reply

    willyw

    I flly agree with Kolyo. Why most traders fail? Is because of greed. What is the objective of trading? Profit and not bonuses. So trading normally and follow the trend is the best and not because of bonuses which burnt your account.

    #2086 Reply

    Michael Hodges

    bonuses mostly suck, but for a newbie or a small depositor can help with leverage and manage risk if UNDERSTOOD and USED properly.

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    #2086 Reply

    Kolyo

    I agree with Michael, but let’s clearly say bonuses can help only if they are clearly understood as rebates and risk hedge not as something that we can take as sure money. They can only serves as reducing risks while trading for the long term with low risk. All other way forcing to meet the turnover fast will be devastating to the account balance.

    #2086 Reply

    Okane

    I did take a bonus back when I started, a big one too. In retrospect I have to say that I don't regret that choice at all, in fact it saved me from blowing my account. However, I was sure that I didn't need to make any withdrawals until I had covered my losses and learned to trade profitably. Therefore, not being able to make withdrawals was not of my concerns so a big bonus was not an issue. Also, the brokers rules were acceptable. Meaning I could withdraw my own investment any time in case I didn't want to trade anymore. That at least is reasonable

    #2086 Reply

    Kolyo

    It’s ok only if you don’t depend on the bonus to save you from losing. Beginning should be about being bold enough to risk your own savings. Being backed up might help you at a particular moment, but it can also delay your development and improvement. Psychologically at least.

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