Haha, funnily enough, I too only found out about binary options myself threw this STUPID site (lazydaytrader.com)......
I too coldn't believe my eyes, I thought to myself, god! They are giving money away here!!!
But NO!!! No one on gods green earth gives money away!!
I tried it out on a demo and i too, got the demo (on optionbit) to around £750......
But the minute I went live with my own real money, it went peared shaped, I done 10, then 26, 65 and then 150 and guess what.....
I didnt even make a single pound, the minute that happened I drew out the remaining money that was left. Like what fistuk said, its the same technique as what you would do in the casinos playing roulette.....
You would bet a £/$ just 1, and if that loses you bet the SAME colour again but double up and keep on doubling up until your number comes back in, then you will get all your money back and then eventually that single £/$ you was originally betting for... Its stupid.
Also how fitsuk said, imagining getting to the 20th trade? How much money that would be? I read once that in a casino in vegas, red or black (i cant remember which one), one of the colours on roulette did not come in for a world recored breaking 38 times or something!!!!!
So the same colour came in 38 times to everyones amazment!! Imagine the money you would have to put on that to retrieve all your money back!!!
The good thing that has come out of that stupid Kieth Jones is that he introduced me to binary options, but I am still learning and still ahve alot to learn.
Stick with this site, you will learn ALOT here.