I Tried Binary Options Trading (HFX) For 24 Hours

What is goodie, my peoples? We are back again with another gem, you know what I'm saying? Listen, this video is not really a gem though, it's more of a challenge. So recently I was on my Instagram and I stumbled upon— across— upon— I stumbled on some HFX trading videos. And me personally, I didn't know what the heck it was. I've never done it before. I didn't even know it was a thing. So I clicked on it and I started watching a bunch of videos on it. The past 2 days I've been watching hours and hours of videos on what HFX trading is people's different strategies on how they're profitable with HBX trading and all this stuff. And I've— I'm curious, I want to try doing it, right? I've never done it before, like I literally just said. So I'm going to go for the next 24 hours and put $500 into account and see if I can either be profitable at the end of the 24 hours or lose all of my money at the end of the 24 hours. Hopefully the profitable version happens. But if you don't know what HFX trading is, it's basically high-frequency forex trading. I did not know it was a thing, but I used to do forex trading, like regular forex trading. I used to be pretty good at it, make a couple thousand dollars a day, a couple hundred dollars a day, whatever it was. But then I stopped to kind of pursue other things. So I know how to read charts, I know how to read candlestick charts, I'm going to read line charts, sort of, kind of, but I'm more of a candlestick chart type of person. If you guys want me to do a video about forex or, um, kind of TradingView or like the whole charts breakdown so you guys can learn how to read charts as well and predict prices. Let me know right now in the comments down below. Also like the video because this video is about to be a certified banger. So basically the difference between Forex and HFX trading is the fact that HFX trading is so fast-paced. It's literally you're in a trade for 30 seconds, a minute, 2 minutes, 3 minutes, 5 minutes, whatever it is, but it's just so fast-paced compared to when I used to do forex trading. I was in each trade for maybe a couple hours, sometimes even a day. And it's a lot easier to predict, personally for me, when you have a lot more time in the trade, you feel me? But with this, from what I've seen, it's low-key like gambling. But you have a 50% chance of being right every single time, just due to the fact that the price can either go up or go down in your favor. So let's hop into it. Let me show you guys the kind of system I'm using, and let's get into our first trade. So boom, here we are. I literally just made this brokerage account thingy, um, like 20 minutes ago. I just deposited $500. I don't know where the $13.48 came from. Like I said, I haven't even used this thing. I've never pressed call, put. I've never pressed nothing. I really just opened it up, was like, all right, time to start shooting the video, and, um, I noticed I had an extra $13.48. So I'm not complaining about the extra money. But I don't know where the heck it came from. But hey, as long as nobody tries to sue me or take it, I'm good. So basically, this is the interface that we start off with. It's on a line chart right now, but like I said, I don't really read line charts, so I'll probably put it on a candle chart, candlestick chart, so I can read this a lot better. I can kind of see what price is doing, what price is gonna go. I can see double tops, double bottoms, Fibonacci— I see out— not Fibonacci, but I can see all this different stuff. But basically how it works, like I said, you can either go in for a trade for a minute, 2 minutes, all these different variations of time. You put the amount in that you're willing to bet on. I say bet because it low-key is like gambling technically. And then it kind of shows your profit here. And this is where you put in your bet, to say. So let's say the price is right here at 2778, and I think the price within the next minute is gonna be above that price, I would put a call in. If I think it's gonna be below that price, I'll put a put in. So like I said, it is a 50% percent chance that you're gonna get the trade correct, just due to the fact that, um, it can only go up or down. Now I'm sure there are strategies that make your percentage a little higher to be right, because you'll be able to kind of predict the market a little bit better. But for me personally, I've never done this before, so almost all of my trades would be based off of mere guesses, low-key. I'll try and read the charts, but like I said, I was used to— I'm used to long-term trades, and it's a lot harder to predict such short intervals of time for trades, but I will try it, um, just to not throw away all my money because I do want to keep my $500, hopefully flip it to a lot higher. Um, but yeah, so should we just get our first trade right now, man? Like the video right now to wish me luck because I'm really finna guess this. So it looks like it's on a little uptrend right here, but then it reached a peak over here, did a little double top right here, what it looks like, and then it's consolidating right here. So I, I'm gonna put $50 in, right? And I'm gonna put in a put. I'll put in a put 'cause I think it's gonna go down within the next minute. It's on fixed time. Put, let's go. I just put in a put. Is this where I got in the trade at, this green line? It doesn't show me where I got in the trade at. I don't know. Okay, it's going up. I don't like this. We're risking a bit. Okay, it's going down a little bit. Is going down. I just need to keep going down and we're valid. If it keeps going down, we're valid. Um, it's definitely— it's struggling. It's struggling. It's— what's happening? This is— this is actually very nerve-wracking. I ain't— I'm not even gonna hold y'all. Um, I don't know if we're in the profit right now. It doesn't show me where I got in at the trade. I wish it showed me. Oh, right now we're betting on Ethereum. I didn't even know what the heck we was betting on. We're betting on Ethereum right now. You can bet on cryptos, currencies, commodities, stocks. But I used to trade either the currencies. I would either do GJ or USDCAD. Or if you don't understand none of that, I'll make a video about it, kind of explaining it. What's going on? What is this box thingy? I don't like this. This is scary. I don't like this. Did I lose? How much time is left? It's not telling me nothing. Did I lose? Oh, I won! I won! Oh, $5.46, so I made the profit? I made the profit of $33, $32, whatever it was. All right, this is how we starting off. I just made $32 in a minute. Hold on, what's the calculations on that? Alexa, what's 32 times 60? 32 times 60 is 1,920. 1,920, that's almost $2,000 an hour every single minute. Single minute I made $32, which is very unlikely. But if it did happen, call me freaking Floyd Money Mayweather, you feel me? But like I said, we're gonna be doing this all throughout the day, so stay tuned. Wish me luck. Alright, so I am back. We are about to do another trade. I was researching some strategies so it would be less of a guessing game, me just pressing buttons and hoping it goes in my direction. And somebody suggested this strategy right here, which is alligator bands. I've, I've used it before when I used to just like mark up my charts. I've never used it to actually enter a trade when I used to do forex. But it's basically these 3 lines. Basically what happens when these 3 lines cross over, you wait to see which one is on top. If the green one is on top, it's an uptrend, so you should put in a call. If the red one is on top— I'll try and find an example. Sorry, not the red one. If the blue one is on top— well, when I had it on my chart, it was red, but I guess on the blue, if the blue one is on top, you're looking for sells. So where was I just at? I think I was on Ethereum. Let me go back to it. Hey, let me— where's Ethereum at? All right, here we are. This is what I was talking about, and it's on a 5-minute chart. So this— I was definitely not on Ethereum before, but this is looking like it's in a calm little downtrend on 5-minute. So let's go on for a little put here for 1 minute. Uh, I'm actually scared. I don't— I'm— I— let's just go, man. Man, let's go! We ain't never been scared, you feel me? So we finna just watch this for the next 1 minute. Hopefully this comes out how we want it to. Let me go to the tick chart. Oh, it shows me right here. Okay, it shows me right here when I went into a trade. Okay, we're in profit right now. We're good. This is valid. Okay, we just need to keep— it just needs to keep going down. Now I'm saying it just needs to keep going down or stay— oh, it's dropping, it's dropping! Hey, it's dropping! Come on, let's go baby! Oh, this is— come on man, how much time is left? It don't say how much time is left. Did it— wait, did it go out? Did the trade stop? Oh, it did stop! I won! Yo, yo man, come on bro, we gotta, we gotta put more in it man. We gotta put more in it. We gotta do more. You know what I'm saying? Because right now we're making a cool $50. We're making good return on our, um, on our account size. We only have $500. Let's keep in mind, I only have $500 in this account, and I almost got another $100 on it, which is almost a 25% return in just a couple of clicks, you feel me? Um, I'm gonna research another strategy. I kind of want to test out as many strategies as possible in this one video. So I'll be back when I have another strategy to test out, see if that one works. I can't say if that last one worked because that could have all been happenstance. All of this could be luck, you feel me? But I obviously need to hit the freaking casino because my luck is on point today, baby. And we are back with another strategy. I just seen this, bro. I've been watching a couple people that my— if you guys want to know people I've been watching on YouTube kind of find strategies, whatever, there's one lady called Lady Trader. I don't even know why I said lady, but her name is literally Lady Trader. She be going crazy with this HFX stuff.. And this strategy, she just gave me the Stotch going with the Alligator. But basically what this is down here, this little indicator, if it comes out this box, everything's— the price is technically supposed to remain in this box. If it goes under this box, that means it's an underbought market and it should go back up into the box. If it goes above it and it's overbought market, it should come back down into the box. Also, you might see these two lines right here, the blue and the red. It kind of works like these. So if this blue one crosses over the red one, if the blue one is above it, it's on an uptrend. If the red one is above it, it's on a downtrend. So this just crossed over, over here, so it should be going on the upside for a little bit. I do not believe— I don't know how long though, that's what I'm kind of iffy about. But on the 1-minute chart— I was just on the 5-minute chart— on the 1-minute chart, it did come back into the box, so I'm kind of wary. And it's crossing over the alligator teeth right now, um, so I'm kind of wary of this. I'm gonna find a different thing to trade where it gives me more of a clear indicator to join, or I mean to buy or sell. Um, so I had you guys when I find one. So over here we have a crazy overbought market on USDCAD. Um, the Alligator is saying that it still should be in an uptrend, but the, um, Stoch down here is saying that it should come down a little bit, just like you see all these other peaks over here going up and back down. So I'm going to go in for a little trade right here. I'm going to put $100 We're gonna risk— actually, just put the free money that we have. We made $79, so let's put $80, um, to try and go for a sell right now. I'm waiting for a more clear indication because this crossover right here wasn't a full crossover yet. So once I do get that actual clear confirmation that I think that it's going to drop down— see, here's a clear confirmation. I would then put in a put right here. Hopefully It's good. So this is our buy right here, or our sell, I should say. Let's see if it goes down or if it stays on the upside. Um, we have a minute left in this. We're in profit right now. Very deep in profit. Boom, just like that, we made a cool, um, $48. How much do we make off of $80? We made a $68 profit just like that using that little strategy. This is, this is great. I'm liking this so far. I turned $500 to $640. 47. Now I could go crazy and put a $500 bet on the line and make like an extra $400, but I'm gonna try and find another strategy. Or I might chill right now, probably get something to eat. I've done 3 successful trades already. I don't know how I can see like my, my previous trades or whatever. Oh, here they are. So I had one for 83, one for 83, one for 83. What was this one for? Oh no, 48. 148 was the one I just did. I guess it's not in order. Um, so we're good, we're cooling right now. I made a couple hundred bucks, 100, almost $150 off my $500 trade. Um, I'll be back to make more money. I want to try and do a real big trade, but I would need the perfect setup. Okay, so I might be seeing a good setup here. Um, I'm going off of support and resistance right now, which is usually what I used to trade before. We have a lot of touches to this line that it's at right now, the price point it's at right now. If I come and get a horizontal line and kind of just— or let me get a ray, I mean a whole line right now, um, and kind of draw a line right here. Um, we have a touch right here, touch right here, touch, touch. Um, we have more touches right here. So this is a pretty strong resistance and it's at that price point right now as we speak. So I'm waiting to see if it rejects it or if it pushes through. If it pushes through, then we'll go for a call, but I really think it's going to reject it. I want to put in a put just due to the fact that, um, it is on a downtrend as of right now. Um, if we look over here, we had up and it's coming down. Um, even though it is— okay, now it's making a shooting star on the upwards side. Um, it might be a— it might be a call. Oh, never mind, we just got a doji. So that means uncertainty at this line. Basically what this— if you look at the, um, this candlestick, hold on, you see how it came up and it also went down. Um, it shows me that is indecision in this market right now. So I'm going to see how this closes really quickly, and then I'll hit you guys back when I figure out what I'm gonna do. All right, so that one was playing around. It was not giving me a clear sign as to what to do there. Here I have a little bit more of a clear sign. Um, right now I have two confluences, so there's a whole bunch of um, retest to this support area right here. We have one over here too, over here, just consolidating around that area. It came again, touched it here, touched it here. Now we're here again, but the only difference is that we are on an overbought market like I said before. So I'm thinking it will drop down, so I'm going to put in a put right now. Um, I'll get $85 and put $100. This would be our biggest bet so far. So let's just go for it. Let's just go for it, see how this works. So we're in profit a little bit right now. It's taking us— it's went up now. Let's see. I'm honestly— this trade right here, I'm kind of just winging it. Oh dang, gave us a bad candlestick right here. This might have been a bad trade. I don't know. We have a minute to see if this stays on the upside. Um, if so, then we lost $100, but it's cool because we still be in profit $50 and we'll get it back. We just, we needed to lose. We was having too good of, too big of a win streak. Um, yeah, come on, just drop down, man. You know you want to drop down. You know you want to drop down. Yeah, so we lost $100. That's fine though, we'll get it back. I'm gonna go eat my chicken. I should have just went and had the chicken before, huh? This is crazy. Another strategy here. I just ate my chicken, so now I'm feeling good. Um, basically using this KC band, I forget the actual name of it, but we're gonna match it with our stoch down here, you feel me? So it is in a little bit oversold. I just missed my entry trying to make this video. I was supposed to go in literally right here. I saw the perfect setup. I'll see if I can find another setup. But once it comes out of this blue kind of, um, area, if it goes below it, we look for confirmation on the stoch. If it goes above it, we look for confirmation on the stoch. Then we'll enter in it. And excuse me, I did not know these percentages right here is basically the payout rates percentage. So the higher the percentage you choose— so say this one has 85%, if I put $100 in, it's gonna pay me $85, versus if I did this one with a 60%, uh, 60%, um, profit, it's only gonna pay me $60 on my $100. So I was watching videos, people was choosing the higher ones, and I'm like, I don't even know. I didn't even know that was a thing. I thought they all paid out the same amount. But they don't. So we're gonna try and get a high paying out one as well as trying to find it. Actually, I just seen one that was a perfect, um, example. Oh, here's one, a perfect example of one. Um, I think I'm going for a sell right here. Um, this is kind of— I don't know about this one though because this one is— it looks like it's already made its move down, but it might be going down some more. But now it's right, it's down over here already. I think it's gonna go for a little push-up to the, to the, to the top because it just dropped all the way down here, like a hard drop. And last time came to this area, it did. This is a support and resistance area right here and right here. So I'm gonna wait to see if it hits here. If it hits here, then I'm going for a buy. It was just a big change right here all of a sudden. Right now it's going into an oversold market, so I think this is a perfect time for a buy. I'm gonna put in a buy for 1 minute with a $100 bet. Um, sorry, call. I said a buy. Um, so we just got our— we just got in the, um, trade. Um, this is us right here. This is profit up here. So let's see if it holds. Um, yeah, wish me freaking luck. So we're in profit. We literally just closed the trade out right now. That was not even, um, what's that for me? I think it was for a minute. So that was a profitable trade. We made ourselves $185. So $85 on top of our $100, we made the money back that we lost in our last trade. I do like this strategy. I did test it out before I turned on the camera a couple times. I didn't put any money in, I was just saying, okay, let's put if I put a call right here, would it actually work? And it worked a couple times. So I do like this strategy, I'm not gonna lie. I might keep this strategy going for my next trade. I'm trying to find another trade right now and, um, see if I can get another win. Give me a sec. All right, so I see a buy— sorry, I see a buy opportunity right here. We're outside, it's an oversold market, plus we're outside of here. So I'm looking at a $100 buy. Um, it's looking like actually we just hit a double top up here. So it might be why it's going on a downside right now, um, but I do still think it will go up. I'm actually pretty confident on this one. So let's try and double up on this. Um, actually, I won't go, go crazy. I'll do $150, um, just to see how this works. If this one is good, we're gonna do a call option right here. We're in the trade. This is our trade right here. We're gonna see if it goes through. Hopefully we're in it for the minute. It's a pretty big bet, but I did like the signs that we saw. That's why I took the trade and even put more in it. Um, so hopefully we come out on top here. So it's not looking good right now. We're about to close out the trade and we're all the way down here. Um, yeah, it's looking very small unless it spikes up right now. One more, one— let's go, baby! Yo, hey yo, what's up man? We was all the way down. Y'all seen that trade, but that's crazy. I was already expecting to lose that. I was ready about to go into the next trade. So we are now up $100. And how much was that trade? I don't remember how much that trade was, but we made profit on that. When our account size is now at $750, we're up over $250 today only on it on the $200— I mean on a $500 account. This is actually crazy. I might— I actually like this. This is actually— and it's not— when I first started the video, I was like, this is gambling, right? This is just, you have 50% chance. But there are actually strategies on this. Like, I was watching, bro, I've been watching a whole bunch of videos since I started this 24-hour thing. So I wanted to try and be as profitable as possible. And it's actually paying off. There are strategies that help you have more of a chance, so it won't be 50/50. This is actually pretty cool. I actually like this. If you guys want me to do more videos like this, like the video right now. I'm gonna take a break right now. I feel pretty good. I want to leave on a high or heavy note. So I'll be back when I find another setup. I'm not gonna push for a setup. If I see a perfect one, we'll hop in it. This is crazy. Alright, so I just put a put option in literally right here. I'm trying out a new technique. You see I have the fractals over here with the little arrows that point up and down. It's a new technique that I was just watching, but I just realized like before started this clip that the clip before this, I— it didn't even record like this screen. It recorded my other screens. I have two screens, so completely messed up. But you didn't really miss out on much. I lost $200, so I kind of wanted to just keep it the same, so I just ended up depositing the same amount as I had before it cut out and y'all didn't see what I lost. But just— I lost $200, but I'm still profitable here. Um, but we're back inside this trade. I just put $100 on 3-minute time frame. Someone suggested on YouTube— like I said, all throughout this entire day I've been watching YouTube videos on it— so they suggest instead of doing a minute where you really are gambling a lot, the higher the time frame, a little bit more you have a little better chance of actually being able to predict it correctly. So that's what we're doing now. Just put a $100 bet. We have $624 in our account. That's minus $100. If we get this, we'll make a $73 profit. So I'll hit you guys when it closes. Right now we're in profit, but we'll see at the end of 3 minutes. So the trade just finished. We made the $73. It was close. If you guys looked, it was close. Like, down here I was cool and I was playing Candy Crush this whole time, man, just waiting for the time to go down. And I looked up and this big old spike came up here, and I was kind of scared. But we did end up finishing in profit. I think I'm gonna do one more trade for the entire video. I kind of do a big trade. I should kind of do a whole trade of like my entire, um, profit because I put $500 in total. Um, so I should do a trade for $250. Y'all want to do that? Should I do it? All right, let me find a trade where I feel comfortable doing that much money and, uh, let's see what we can do. All right, so I just entered this trade right here. We have the confirmation that we wanted, which was it's out of the, um, KC right here. It is also above the I can't pronounce this word. Let's just call it the stops, you feel me? That's close enough. And then we got the Fractals with the, um, up arrow and the down arrow, which I should have actually— but now that I'm thinking, I didn't see this down arrow. So this is a little risky of a trade, but I did see this double top right here. I'm looking for it to be a triple top because it was the top right here, a top right here, and it crashed down. So I'm looking for a triple top over here. Um, hopefully it does not break this resistance, but if it does Hey, we're still profiting $47 technically. So we will see. Right now we are in profit. So I'll see you guys when this 3 minutes is up. So it's looking like we lost this one, which I mean, I'm not mad about honestly. Like I said, this is all free money. Um, but I think that is— you see how it dropped right below to my profit a second after? Yo, this thing really hit. Now this is pissing me off. Okay, I need to do one more. I'm doing one more. We finna just bet the whole thing. This is not— do not listen to me, this is not financial advice, but this is literally, like I said, it's my first time ever doing this, so I'm kind of just risking it. If I actually start doing this like legit, I won't be like this. I won't risk all my stuff like this, but this is literally just for the video. All right, so I'm seeing a nice trade here for put. Um, it rejected the previous, um, height over here, so I'm going to go all in here. Like I said, I do not suggest this. This is just me being stupid. Uh, if it works, it works. If it doesn't, I won't die, you feel me? Put just like that, and let's see what happens. We have a 3-minute, um, fixed time on it. This is where we're at. Purchase deadline. Wait, did I put 3 minutes or 1 minute? I think the purchase— that— wait, does it take me out the purchase deadline? No, it's supposed to be 3. I don't know what happens. We go see. Not even stressing it. If we lose, we lose. Like the video right now because I maybe just blew $500 freaking for no reason at all. All right, so we're in profit a lot right here. Well, we're in a safe zone a lot right here. The trade is about to close. We might have just accidentally done something. Like I said, I do not suggest this. This was pure luck. I'd have made a cool $973 off that. So our ending balance is now $974. It's a profitable day, plus I made back the $200 I had to re-put in because I messed up that last trade. So, um, we're still profitable at the end of the day. So I was able to turn a little over $500 into $974 on my first day of ever doing HFX trading, binary options, whatever you want to call it. If y'all want more of these videos, let me know because I'm down to try this more. This was actually pretty fun. Um, this is— for me, Forex was cool. Um, Forex just took too much time and I was just stressed for too long. Like, here my heart would be beating fast for about 1 minute, 2 minutes, 3 minutes, whatever it is. With Forex, it was the entire freaking day I was in the trade. But this was cool. I made a little profit on it. Like I said, if y'all enjoyed the video, leave a like right now. If there's any other types of trading y'all want me to try, any other types of making money y'all want me to try before y'all try it, let me know in the comments down below and I'll do it. Um, yeah, good luck on all your trades. I'm gonna see you on the next video.