Can You Really Make Money Trading Binary Options

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Can you Really Make Money with Binary Options?

Updated on: 6 January 2020

Binary options trading is very popular in many countries around the globe. However, most people still ask the question “can you really make money in binary options”. In this article I will try to answer this question and give you a few tips on how you can make money trading binary options.

The short answer is that yes, you can make money online with binary options trading if you only trade at legitimate binary options brokers and learn the fundamentals of binary trading and employ proper trading strategy.

Binary options trading is a form of investing through predicting the movement of various assets such as gold, silver, the USD etc. It is very similar to other forms of investing such as forex and stock trading. It’s however simpler, has relatively fewer risks (in the sense that you will always know in advance what you might lose) and can offer larger payouts.

The idea is that you can make money in binary options only if you treat it as a real form of investing. This means learning how it works, learning how to read charts and learning how you can make accurate predictions. All these are not that difficult but it takes some time. If you treat it as gambling and just make random predictions then you will obviously not win.

Trading binary options online is not as complicated as many people think it is. You don’t have to be an economics expert in order to make money by trading binary options. Below these lines I’ll reveal why making money with binary options is actually pretty simple.

Quick guide: Yes, you can make money in binary options. The easiest way is to use a binary options robot, such as BinBotPro that will automatically analyze the markets and make accurate predictions for you. This is fully automatic and comes with a success rate of around 85%. The huge advantage of BinBotPro is that it trades with cryptocurrencies such as Bitcoin where daily gains of up to 20%-50% are very frequent.

At this moment the most reputable binary broker where you can make money if you use proper strategy is IQ Option. IQ Option has a payout rate of 88% and is also the broker with the most licenses and government-approvals, which means it’s 100% safe and fair. If you are from the US you can trade at BinBotPro instead, which is also a reputable broker.

Hot in 2020: Cryptocurrencies are the biggest gainers in 2020. You should register at BinBotPro in order to make a lot of money. BinBotPro is a trading bot that will invest in Bitcoin when it’s starting to go up and sell when it’s starting to go down. You can make up to 5% to 10% gains every day with BinBotPro.

September 2020 update: If you wish to make money without trading then you should check out Bitcoin mining. All you need to do is renting hash power and wait to see your Bitcoin being added into your wallet over time. Check out IQMining and their offers.

With Bitcoin mining you do not need to trade and your profits are almost guaranteed. You only rent the server and will then be paid out by the moned Bitcoin, which you can exchange into fiat currency. There is no possibility of “losing” your deposit here, as you will not be trading. You will get daily Bitcoin payments into your wallet. Check out IQMining now.

How Binary Options Work – Can You Make Money With Binary Options?

How Binary Options Work:

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Binary options are one of the most controversial trading instruments – for a reason:

On the one hand, they are super easy to trade and therefore perfect for beginners.

And they are perfect for traders with small accounts because you can open a binary options account with as little as $250.

But on the other hand, there are some binary options brokers out there that are simply a scam. Most of them are overseas, and when you wire money to them, you’ll never see it again.

So let’s take a closer look at Binary Options and see if they are legit and if you can really make money with binary options.

In this article, you’ll learn…

  • How binary options work
  • Can you really make money with binary options
  • What are the best binary options brokers that are NOT a scam?
  • Are binary options legit?
  • Is binary options trading safe?
  • And what is the best strategy for binary options?

Let’s get started…

How Binary Options Work

Binary options are super easy to understand.

You just need to make a decision if a certain market is above or below a certain price by a certain time.

Let me give you an example:

Let’s say you believe that Gold will close above $1,700 by the end of the day.

So you can place a Binary Options trade: The price of a binary option will be between $0 and $100. And that’s the amount that you need to put on the table to place this bet.

Let’s say the price of the binary option to bet on Gold being above $1,700 by the end of the day, is $40.

When placing the trade, the broker takes $40 out of your account.

If by the end of the day Gold closes above $1,700, you get $100 back. So you put $40 in and you get $100, i.e. your profit is $60.

If Gold closes below $1,700, then you get nothing back. And since the broker took $40 out of your account, and you get $0 back, your loss is $40.

Here’s the cool thing:

Binary options are available for a wide variety of underlying markets:

  • Major indices like the Dow Jones, S&P 500, Nasdaq, …
  • Major commodities like Crude Oil, Gold, Silver, …
  • Major currencies like EUR/USD, USD/JPY, GBP/USD, …

… AND they expire daily or even hourly!

So if you don’t want to wait until the end of the day, you can trade a binary option that expires in the next hour.

All you need to do is decide whether a certain market is closing above or below a certain price within the next hour!

As you can see, the possibilities are (almost) endless.

So the next question is…

Can You Really Make Money with Binary Options?

IF you trade with a reputable broker: YES.

We will talk about the best binary options brokers that are NOT a scam in a few moments, but let’s talk about how to make money with Binary Options first:

Here are the 3 things you need to know:

  1. Is the market more likely to go up or down?
  2. Will a market close above or below a certain level?
  3. What’s the maximum price you’re willing to bet?

I will show you a simple trading strategy for Binary Options in the next article.

But before I show you the strategy, let’s first talk about…

Learn to trade stocks & options in 15 minutes a day

What Are The Best Binary Option Brokers?

There are a lot of fraudulent binary options brokers and scammers out there, and you need to be careful.

The only “broker” that I would ever trust is the North American Derivatives Exchange (NADEX).

Nadex is 100% legitimate and is designated by the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market and Derivatives Clearing Organization.

The CFTC is a U.S. government agency whose mission is “to foster open, transparent, competitive, and financially sound markets,” to “avoid systemic risk” and “to protect market users and their funds from fraud, manipulation, and abusive practices.”

That’s a mouthful for saying: Nadex is a 100% legitimate and regulated exchange.

They allow customers to open an account directly with them!

So you’re cutting out the middle man, which means lower commissions for you!

Talking about commission…

I really like Nadex’s commission structure:

It’s only $1 to open a trade, and they ONLY charge you another $1 to close the trade if you make money. If you lose money, they don’t charge you a commission to close the trade. How awesome is that?

Long story short: If you want to trade Binary Options, trade them at Nadex!

Are Binary Options Legit?

As stated earlier, there are many unregulated brokers who just take the customer’s money and never return it. Most of these brokers are operating offshore in countries that have very few or no regulations.

In the US, brokers and exchanges are VERY regulated. As of the moment, NADEX is one of the few licensed companies in the U.S. that is allowed to offer Binary Options Trading.

Binary options are legal and available to trade in the US, but only on a CFTC-regulated United States exchange, which – again – is NADEX.

In a nutshell: As long as you trade Binary Options on NADEX, it’s legit and legal.

This leads us to the next question:

Is Binary Options Trading Safe?

We already talked about the regulations, so we don’t need to cover this again.

As a trading vehicle, Binary Options are very safe since they are not leveraged.

This means that you can not lose more money than you have in your account.

Here’s an example of how binary options work:

If you have $500 in your account, and you want to put on a trade in which you risk $50, NADEX will automatically reserve $50 from your funds.

When the order is filled, these $50 will automatically be deducted from your account. So your balance is now $450.

If you were right, NADEX will give you $100 back as soon as the markets close. In this case, your account balance will jump to $550, i.e. you made $50.

Because of this mechanism, it’s impossible for you to lose more money than you have in your account.

As you can see, trading Binary Options is safe.

What Is The Best Strategy For Binary Options?

The best strategy for Binary Options is a strategy that makes it easy for you to pick the direction of the market.

After all, in order to make money with Binary Options, you need to know…

  1. Is the market more likely to go up or down?
  2. Will a market close above or below a certain level?
  3. What’s the maximum price you’re willing to bet?

Actually, since this article is getting pretty long, I’ll stop right here and will write another article on a trading strategy for Binary Options.

Can You Really Make Money with Binary Options Trading?

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Can you really make money with Binary Options Trading?

One of many major developments we’ve found lately is the power for regular traders to utilize the various tools of the experts and start making money by trading binary options which is much easier than regular forex trading.

Interested? Read on…

What are Binary Options?

Binary options let traders profit from price fluctuations in multiple global markets but it’s important to understand the risks and rewards of these controversial and often-misunderstood financial instruments. Binary options bear little resemblance to traditional options, featuring different payouts, fees and risks, as well as a unique liquidity structure and investment process for you to review.

Binary options are a robust and adaptable tool for trading: sometimes can be very easy and efficient way to give you a great chance to make profitable trades. This kind of exchange tool allows you to benefit from exchange rate fluctuations on the financial markets. The binary signals providers give the guidelines of the options that are user-friendly, even for folks who don’t have experience in similar ventures.

Unlike the futures and stock options on forex binary has reduction limit. This indisputable benefit allows you to learn with precision how big is the repayment and risk even prior to the execution of the deal what’s especially very important to the folks who are making first steps in the securities market.

Is Binary Forex Better?

If you must trade currency, you will want to operate binary options in the money. These little options aren’t managed by bankers or government authorities and you will not be competing with the professional market Trader. In fact, you aren’t competing with anyone when you operate binary options. They aren’t like typical market deals. Anyone who deals them is just aiming to make winning has, and no matter to them if you earn or not. Unlike forex and other marketplaces where benefits and floor traders are earning money picking off your halts and limit requests.

Binary Options Signals Can Help You Make Profitable Trades

Do you understand why you need the binary options signals notifications? These are the Binary signals that are necessary trade notifications made by the Mt4 and Mt5experts. If you want or are in involved with stock, money, forex or item market segments- then could benefit from receiving these expert evaluations. Some experts provide their viewpoints, analysis,and techniques for free. You can also sign up to the paid ones.

You could focus better on your investment funds and get better income with the same attempts, once you sign up for the trade notifications.

A few tips receive below, that may help you to become an improved trader:

1. Invest Prudently

Ensure that you invest prudently. Do not give all in. Some individuals invest constantly and get into debts shedding everything they have got. As a Web Trader, always make certain you are making an investment only an integral part of your money, rather than the whole set in place.

2. Huge Investments Not for Beginners

If you are a starter, do not focus on a huge amount. A tiny amount investment will help you understand what is certainly going on and little by a little gain on self-assurance. You can always boost your amount later.

3. Do Your Research

Keep doing research in what is certainly going on the market. Make your proper schedule about important things as well.

4. Keep Records

Keep determining the potential risks, your individual journal and keep and future strategies. Sometimes your brain cannot carry a great deal fill of information. Don’t get discouraged if you lose cash. That is momentary. With the right strokes, you will surely start gaining.

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It’s for beginning to advanced traders, Eremenko wants to show investors proof that trading on the Forex Markets can truly make you a profit.

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Binary Options Trading School
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