think of it as a sports bet or better yet a bet on a horse, where you lay or get odds . i expect most of you to add 2 or 3 hundred k to your yearly income on these
You probably nailed it. Anyone who makes as big a fuss about options as he does, down deep inside, I think he really wants to learn. lol
Only British people understand what is to lay bet on a horse. There is something you are not telling us Mr Morgan. And you are absolutely right, this market seems to be very similar to a British betting market, very much like the Betfair Exchange.
Far as I am concerned? Jack got the fish in the face. Remember, he has me on /ignore, so he cannot see me. Because he is too terrified to read and respond to my posts. That is the power I have over this man.
In all fairness, one of the books I read about binary options mentioned that it is very similar to betting on sports, so I guess it is just showing different ways to get to the same place. Events that expire during a short time and put an extreme pressure on the player.
Would be curious to see the structure. MAX payout is 20 bux. OK. So how much will these EC instruments cost after all is said and done on commish/fees, after the position is opened, and then closed?
If they follow a gambling structure, bets are free to enter and the player only pays commission on the winning bets, normally a 5% of the amount. But it is quite weird that your max profit will be just 20, that seems to be a very small amount.
Well, if you read the memo, you would see they won't be available to trade for another month. The USA still has a bee in it's bonnet about the Revolution. Teehee!