Can you make money in binary trading?

“Quick Ways to Get Rich Online,” this is a heading that usually Ponzi schemes use, but recently it is being used to advertise a new form of investment, which is called binary options trading. Any advertisement that has the words “GET RICH QUICK” can sound melodious and at the same time, phony.

We all hear from time to time how authorities bust Ponzi schemes in which crooks try to rob innocent people. Binary options trading is also advertised as if you can get rich in a matter of few days and that even a child can execute binary trades. Yes sure, using the trading interface is very easy and a child can in fact use it but that does not mean this child can actually WIN one trade after another. Trading in binary options platform is a child’s play because the interface is user friendly but Winning trades consistently is a completely different story.

Get rich quick

Binary options is advertised as the only genuine system that lets users earn preposterous amounts of money in ridiculously short period of time. Advertisers try to implicate as if you can make $350 every 60 seconds, nonstop; if it were true then this would truly be an astonishing business.

However, does it make any sense? Can every trader make tons of money? Who is actually paying all the money or the profit?

The answer to these questions is simple and it will make everything become crystal-clear. Whenever a trader wins a trade, the broker has to pay the profit from its own pocket. This is the truth and do not believe in any other theory that anyone tries to feed you.

Nevertheless, there is hope. There are reliable and honest companies who do not mind paying profits. Compared to the honest, the number of dishonest brokers is high but with a bit of online research, you can find the good-guys.

Binary options let users trade in currency pairs and stocks for various predetermined time-periods, minimal of which is 15 seconds. Executing trades is straightforward. The system uses user-friendly interfaces, which even an 8 years old kid can operate without having to read any instructions. However, winning trades is Not easy.

You need a good strategy

The first challenge is finding a trustworthy broker; secondly, you need to find a binary trading strategy, which you can use to make profits consistently. Without an effective strategy, there is no way you can make money in binary trading.

The odds are against traders and if your strategy is to trade with guesses then eventually, you will lose all your money. Binary options platform is merciless, which will suck in all your money and will compel you to invest more and more, while you are continuously losing money.

If you win a trade, you get 60% to 89% profit. This is a cunning system, which clever gamblers have designed in an extremely devious way. If you want to outsmart it, you must procure a real and working strategy that you can use to win at least 80% trades. Options trading can provide the fastest way to generate income, there is no doubt about it, but to keep the profits flowing, you must win trades consistently.

Featured Comments:

Author: Gary
Date: 2017-03-02 13:34:48
Said: I have been trading binary options for 6 months now and have become profitable. I consistently make money, however I also lose it and its so easy to lose money 3x faster than earning it. However considering I have only been doing this 6 months and have no prior knowledge of currencies or trading I’d say making money trading binary options is possible.

I trade 60 second expires
I trade 1% of my account balance per trade
If I lose I martingale
If I lose 15% of my account balance (by martingale) I write this money off and return to 1% trades and re-grow my balance.

This has proven profitable for me, and I am only a novice. In my opinion binary options can be profitable.

24 Comments on "Can you really Make Money with Binary Options Trading?"
  • Adam

    If you really want to know if it’s possible take a look at these calculations and examples.

    winatbinaryoptions com/is-it-possible-to-make-money-trading-binary-options/

    You’d be surprised at how difficult it actually is to make money consistently in binary options.

  • Racheal

    If you’re a newbie to binary options, I advice you contact bestbinary***** on gmail and outlook for the best and safer managing strategies.
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  • Gloral james

    I am so proud of myself how successful i have become in my trades since I started applying the automated trading platform in my trades. Trading with the ************ is the best trading strategy to make successful winnings. No wonder most successful traders who invest big in this trade apply this strategy. If you want your finance to grow and make profits like we successful traders, then apply the *** in your trade as it gives you zero risk and maximize your profits. ************* at gmail dot com

  • Cubone

    Why people lose money
    1. because they are greedy
    2. over trading
    3. not discipline
    4. trading system is not always work because market is dynamic, losing is part of the game
    6. don’t use martingale system, sometimes it works if you are right, but one bad day can blow your account
    7. 10% capital per trade. money management with 10:3 win lose ratio

  • Ayesha

    Just lost all my $250 with binary trading. Promised a personal broker but got no support. Whoever is successful u are fortunate. Just pass us the important tips that makes your trades successful.

    • salmaan

      Which broker do you use?

  • santo

    Yes…it’s hard work to be successful, especially in a 50/50 success rate. I make approx 5,000 CAD daily.

    • Fannie

      what are you doing differently?

  • pranab Majumder

    This site is very useful for beginners. Study it properly to understand everything.

  • Laura Gray

    It can work if you know enough about the Forex market.

  • stewart

    This su*ks a**…
    Do yourself a favor and not do this.
    You are better off throwing the money down the toilet.

  • Ronald Foster

    What is the difference between Spread Betting, Binary Options, and CFD trading?

    Can anyone care to shed some light on this?

  • Francis Salazar

    Good Morning

    If anyone knows about a company, which isn’t a scam, please do tell.

    I am keen to do this however, seeing the number of complaints about top companies, I really am skeptical about this opportunity.

    Is this for real, or all sites are fraud?

    May God Guide Us All

    • BC

      Boss Capital isn’t a scam, they’re great!

  • Rudolph Gon

    Question:
    Is it possible to make money from this financial BETTING thing?
    Answer:
    A BIG NO!

    • pranab Majumder

      Yes! But we should know the Step by step process.

  • Candell

    Hello everybody, I just won 11 straight trades and I am so happy! :)

    • Richard

      What strategy are you using Candell? I would really appreciate if you can share it with us please.

  • Renee

    This is a tough business and without a system, indicator, or strategy, you simply can’t make any profits.

  • Enrique

    You make money by winning trades, which by the way may sound easy to do, but it’s not. Without a profitable trading system, profiting is not possible.

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