From my knowledge, I'd say yes, it is possible.
But it's not for anyone who's new to magickal practice. Or who simply wishes to do it for kicks. Binding spirits is like juggling hot irons: if you make a tiny mistake, you're going to get burned. And with Goetic spirits it's more like juggling bombs, and at the same time trying to diffuse them.
Also, in order to bind something your personal power must be greater than the spirit. Or the ritual magnifies your power to be more potent than the spirit. If not, it's similar to chaining up a tiger using twine and a spoon
If you're interested in creating amulets and talismans; I suggest you work at them with elemental or planetary energy and become proficient and comfortable with it before you think about messing with spirit binding.
People travel to wonder at the height of the mountains, at the huge waves of the seas, at the long course of the rivers, at the vast compass of the ocean, at the circular motion of the stars, and yet they pass by themselves without wondering. - st. Augustine
Whoever undertakes to set himself up as a judge of Truth and Knowledge is shipwrecked by the laughter of the gods. -Albert Einstein
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