How To Be A Full-Time Binary Options Trader

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Sign-up Bonus!

  • Binomo
    Binomo

    Trustful Broker!

Contents

What are Binary Options and How Do They Work?

What is a binary option?

A binary option is a financial instrument based on a simple yes or no question where the payoff is a fixed amount or nothing at all.

This means binary options offer defined risk and clear outcomes on every trade.

Each binary option trade starts with a question – will this market be above this price at this time? If the answer is yes, you can buy the option. If it’s no then you can sell the option.

The price of a binary is always between $0 and $100, and just like in other markets, there is a bid and ask price.

The binary options we offer are always built the same way. Each trade is easy to understand.

If you think about it, binary options reflect the way we think about things in our daily life. Things either happen or they don’t. With a binary option, payouts reflect that and are always all or nothing at expiration. You’ll find we like to keep trading simple.

You can also close a position early to lock in profits or limit losses.

As an active trader, we know you are busy scanning markets each day. You are dealing with complexity all the time. The last thing you need is to be slowed down with more complications and hard to understand details with a brokerage.

When you trade, we know you want to focus on the market and your position, not on a series of unnecessarily complicated products.

So we built an innovative full service exchange to trade binary options that lets you do just that.

How do binary options work?

There are three concepts to learning more about how binary options work; the underlying market, strike price and time to expiration.

Become familiar with those three concepts and you’ll understand the basics of binary options.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Sign-up Bonus!

  • Binomo
    Binomo

    Trustful Broker!

Let’s walk through the three parts of each binary option trade:

With binary options the amount you pay is the maximum you can lose. Because of that we say your risk is capped.

Maybe you don’t want to wait until expiration. You can place an order to close your position to limit loss or lock in profit early.

Along with offering clear outcomes and defined risk, we also designed our binary options to work in a way that offers unique leverage that enables opportunities to profit even from small market movements.

1 The first step is to pick the assets or event you want to trade. Each one is based on an underlying market and your trade is based on that underlying markets price movement.

2 Then you want to find a strike price that works for you. The strike is the price level you think the market will be above or below at expiration.

3 When opening a trade you will select an expiration day and time. The expiration is the moment of truth traders live for. This is when trading is over and the value of your binary option is determined.

How risky are binary options?

You always know your binary option risk reward ratio before you enter into a new trade. Your trade is fully paid for up front, which means you will never lose more than you pay. You always know exactly what you have at risk.

Trading also offers the opportunity to profit. Just like you know what you have at risk, you will enter each trade knowing your maximum potential reward.

We’re serious about helping you understand and limit your risk. Our goal is to let you define and understand it clearly and upfront on every trade.

It’s why we’ve worked to design and offer an innovative way to define and cap risk while also providing an affordable way to trade.

You can start with one contract at a time for less than $100, and decide your maximum risk and reward up front when you set up the trade.

Here’s how that works:

If you buy a binary option contract for $30, hoping to have it end at $100, your profit target is $70. This is $100 less your $30 investment. A loss would never be more than $30 no matter how much the market moves.

We think that hard to understand margin requirements, complicated fees and confusing payout structures can make trading riskier than it needs to be.

You can make those things part of your past by trading binary options with us.

How are binary options regulated in the US?

Binary options are legal and available to trade in the US only on a Commodity Futures Trading Commission (CFTC) regulated United States exchange.

We are a full service exchange located in the heart of Chicago’s financial district and we are regulated by the CFTC.

As the leading United States based binary options and spreads exchange, we are proud to say we are designated by the CFTC as a Designated Contract Market and Derivatives Clearing Organization.

What this means for you is we are a well-regulated and leading binary options exchange.

Our role as the leading US based binary options exchange is to match buyers and sellers in a fair, accurate and secure way.

That way you can trade multiple global markets with us from one account knowing your trades are fair and your money is safe.

Binary options trading example.

Let’s walk through a trade on the EUR/USD currency pair.

Here is how the outcomes work at expiration:

  1. If the market is at or below 1.1600 at 3AM ET the seller will get the $100 payout.
  2. But if the market is one tick or more above 1.1600, you get the full payout as the buyer.

If you don’t want to wait until expiration, you can close your position at the current market price. Your profit or loss in that case is the difference between your entry and exit prices.

Each binary option reflects a question. In this case, the question is, will EUR/USD be above 1.16?

We show that as EUR/USD > 1.1600

In this example, the option has 4 hours til expiration and it’s 11pm.

If you think EUR/USD is going to be above $1.16 at 3AM, then you would then buy the binary.

How to trade binary options successfully – Basics

Notice to EU traders:

The European regulator ESMA made a prohibition of binary and digital options to retail traders from The European Economic Area starting from the 02.07.2020. In case you still want to trade binary options, you need to acquire the status of a professional trader on which this regulation does not apply. I recommend you have a look at the article – How to get the PRO status to continue trading Binary options

Binary options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page.

Where to next? (If you do not meet the requirements)

  • FX Options – Attractive alternative to binary options?
  • Read our in-depth guide for cryptocurrency beginners
  • Read how to trade forex and other CFD instruments

Traders outside The European Economic Area are not anyhow affected by this new European rule and can trade binary options (if the binary broker operates in a given jurisdiction).

What are binary options?

Binary options are a type of online trading, where you as a trader predict thru web or mobile platform, whether the price of a certain underlying asset will go up or down. Under the term – underlying assets we have in mind stocks of major companies like Google, Microsoft, FB…, currency pairs, indices and commodities (silver, oil, gold…).

If your prediction is correct you earn a fixed amount that you know before placing the investment. In most cases, returns from binary trades range from 170% to 192% per trade. So if you invest $50 you get an additional $35 – $46 to your initial investment. To create one trade you can invest as small as $1.

Beware, though at first glance it may look simple, binary options trading is not as easy as some portals may and do say. It is possible to make a lot of money, but it’s also possible to lose a lot. An investor who does not have any previous experience with the market and does not plan to acquire it can expect a great loss. To succeed in binary trading it is essential not to be naive and not to fall for scams that promise “bulletproof systems that will make money in your sleep” which are hiding behind every corner.

Read and study with TradingBeasts.com:

  1. The Ultimate binary options guide– and other articles in our Academy
  2. What reliable binary brokerswe have tested and we use for our trades.
  3. How to create a demo accountfor trading with virtual money.

How to successfully trade binary options

In our first step, we choose an asset we want to trade. In our example, we chose the currency pair EUR/USD with an 89% return from a successful trade. The choice of an asset is up to you. There are hundreds of underlying assets which we can trade, each asset has different profitability.

In the second step, we decide, when our trade should end and evaluate. So, if we want our trade to end in 30 minutes, we select an expiration time of 30 minutes.

Subsequently, we choose how much we want to invest in this particular trade. When we trade binary options we can invest as little as $1.

Now, we have moved to the most important part of trading at which we have to decide, whether the price of our option will go Up, or Down. When you trade classic binary options, only one of these three situations can occur. Either your trade will be successful and you receive a predetermined profit, which in our case would be $50 + $44.5 = $94.5. Or the trade will end up unprofitable and you lose the invested amount (the biggest amount you can lose equals to the investment you made). The third situation occurs very rarely and we can meet with it when the price doesn’t change at all (the price of the option when we entered the trade is the same as in the moment when the option expired). In this type of situation, most brokers give the investment back to the trader.

As you’ve probably noticed we get from correct prediction only 89% extra money from the invested amount. So, you might ask “How could possibly binary options be such a good extra income?”, when you don’t even earn 100% from what you have invested. The main reason behind this is because you can use binary strategies, which can significantly help you to create a majority of successful trades. Please bear mind that even with strategies no one can accurately predict the market and make all trades winners. Without binary strategies trading would be just a hazardous game that has nothing in common with meaningful and responsible investing.

What my profit will be like?

It depends entirely on you. With the right binary strategy, you can boost your capital by a few dozens of percent in a week. Equally, with a bad strategy or without a strategy you can just as quickly lose it. The basis is to be as patient as possible and to hold to your selected strategy, which you know that works (for example from a demo account). Binary options trading is about a long-term profit and not about making one (or even a row of) successful or unsuccessful trades.

Is binary trading risky?

Any kind of trading or investing is risky and you have to count with that. If you enter the world of trading you should invest only such amounts that you can afford to lose. Some fraudulent servers (or even scams) may encourage you to borrow money from your friends or family members, if necessary because it is a guaranteed thing that your investment will return.

But we are a serious portal and we most certainly do not advocate such claims. Although binary options have a great advantage that the risk is eliminated only to your investment into the trade, we, binary traders still operate on a financial market. And there are no guarantees. The market is merciful only to those who are prepared and know the risks. For instance, traders who do not apply any trading strategy can most likely expect to lose their capital.

Advantages of binary options

A great advantage of binary options is that if the price changes only by a single pip in your direction, you receive a full profit from the trade. Let’s look at an example. You entered a trade at a moment when the oil price was set up to a value of 1.5797 and you have selected the expiration time of 30 minutes and upwards direction. A 30-minute trade ended at the price 1.5798, thus it changed only by a single pip you will still secure for your correct prediction full profit from the trade. It is because in binary trading doesn’t matter, how much the price changes, but if it changes in the direction you chose.

Is it possible to try out binary trading? (Risk-free) Demo account

For traders who do not have a lot of experience with trading (or none), the demo account is a perfect opportunity to try everything out without giving at stake your own money. The demo version works on entirely the same principle as a real account, the only thing which is different is that you are trading with imaginary chips. That means that you can not make any profit from trading on a demo account, but you also can’t lose anything (apart from imaginary funds).

Most brokers offer practice account right after you load your real account with at least the minimum deposit. However, if your trading on a demo account doesn’t reach your expectations you can at any time withdraw the money you have deposited into your real account (if you trade with a licensed and a trusted broker). But we also know about brokers who do not require even initial deposit you can use the demo version freely with no obstacles. For more information read our separate article: free demo account for binary options

Where do we trade binary options?

The term „broker“ was already mentioned in the article. But do you know, who this broker really is? A binary broker is a company that arranges the transaction between a buyer and a seller. It is basically a place where demand meets supply. Here, you can trade. Every broker has its own web platform, so no downloading is required.

There are dozens of brokers or even hundreds of them. If you are looking for a reliable and trustworthy broker who cares about their traders you need to look for certain aspects. One of them is a broker’s credibility, which can be gained by a reputation among traders and by licenses. A license is obtained by a broker in exchange for a large fee to the regulatory authorities. These authorities are responsible for constant supervision over the broker and over all their actions.

Apart from credibility, we should focus on payouts, a minimum deposit, and a minimum investment. We should also find out whether our broker provides a demo account if we plan on using it. Traders who do not speak English can also appreciate a trading platform and customer support in their native language. On our website, you may find many broker reviews. Currently, as the best option is from our point of view IQ Option, a well established binary broker with superior payouts and a free demo account.

Broker Regulated by Regulatory agencies ensure that brokers/exchanges operate in a transparent and honest way. They protect the best interestest of clients and also feature an investor compensation scheme which protects trader’s deposits up to a certain limit. Some of the major regulators in the industry include the CySEC in Cyprus, the FCA in the UK and the ASIC in Australia. Min. deposit Max. Payouts Funds which are credited to your account in case of a correct prediction Special features A list of features that provide a given broker/exchange with a competitive edge. Ad Disclosure This Comparison / Page contains links to 3rd party websites of our top partners from whom we may receive compensation at no additional cost to you.
CySEC $10 95%
  • Superior Payouts
  • FREE Unlimited Demo
VisitRead a review
ASIC $50 90%
  • €50 Cash-Back Bonus
  • Accepts only Australian traders
Visit
CFTC $250 80%
  • Accepts US Traders
Visit

General warning: When trading with real money, your capital is at risk.
Binary options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page.
To see whether you can be classified as a Pro trader read this page

All recommended brokers went thru our testing process. In a 3 month time period, we act as a regular trader and we actively create trades as any other trader would. If we find out any problem with the broker, we mark him as „not recommended“ or even as a „scam“. The fact that a broker makes it to the selection of recommended brokers does not necessarily mean that it will stay there forever. In case that the broker is not capable of maintaining high-quality services as on the beginning, we reduce the rating of the broker on the website or we even completely remove it from the list of our recommended brokers.

How to determine, whether the price will go Up or Down? – Binary strategies

Some newbies try to do this by guessing and they usually determine the future price direction just according to the chart which is provided to them by the broker. I would not be afraid to state that such trades are completely random and made without using any strategy. But that is not the way we trade at TradingBeasts.com, we know that in order to become a successful trader who makes a long-term profit you most certainly need binary strategies.

Binary Options Trading Strategies and Techniques that actually work

Without any trading strategy, every binary trader has got half a chance to create a successful trade, because when trading classic binary options we have to only predict whether the price of an option will go up or down. That is, however, with 75-85% returns from a successful trade simply not enough and trading without using any binary strategy can never be profitable (or at least not in the long run). A binary strategy can significantly help us to increase our win. ratio and put the odds in our favour.

Following a strategy also allows you to constantly improve your results because all the trades you create have a meaning and they were built on the basis of a specific pattern. Which means you can repeat them, results which can be achieved again usually mean success. We have 2 types of strategies which we sometimes also call analysis. The first one is called technical analysis, the second one fundamental analysis. Some strategies might combine both of these analysis types.

Technical analysis

Technical analysis or the analysis of graphs engages in forecasting prices according to a repetitive pattern (formula). In order to find these patterns, we use different kinds of indicators and oscillators (such as the stochastic indicator, MACD, RSI and many more).

Some brokers offer on their trading platforms a system that can be used for complete technical analysis (One of such companies is e.g. IQ Option that has in-house built charting system). In case you seek a free service which focuses just on technical analysis, we would like to recommend you investors’ most popular analysis platform – MetaTrader 4. Here is an example of the MT4 with a 5-minute chart.

Fundamental analysis

The second type of analysis is fundamental analysis. This method focuses exclusively on economic statistics and economic changes which will most likely affect the value of assets. When we look at some large scale examples, then we most certainly have to mention the global crisis in 2008, in which investors had a great chance to invest on the drop of public securities of major companies, banks and investment funds etc.

On a smaller scale, hundreds of economic news are daily published (eg. unemployment and interest rates, inflation etc.). All of these and many more announcements are recorded in the economic calendar. These calendars include information about the impact of the news, time of their release, and the forecasted direction in which the price will most likely move. There are hundreds of economic calendars which are available on the Internet. One is even offered by IQ Option in their academy, the calendar is located in the top menu under the “for traders” section.

With what capital should I trade binary options?

The first two strategy types mentioned above are designed to predict the price, the following strategy is, however, a question of correct money management. When you fully adherence your money management strategy you will be able to get the absolute maximum from your capital, so don’t take this type of strategy lightly. Generally speaking, it is not recommended to invest in one trade more than 4% of your total capital.

Money management is very often overlooked, however, its importance is exactly the same as using any other strategy that will help you predict the price, sometimes even bigger. Take an example, your broker requires the minimum investment of $ 10 so you could open a trade. At the same time, the minimum deposit at such broker is $100. That means if you deposit only the minimum required amount, you risk in the very first trade 10% of your entire account funds; that is an enormous part of your whole trading wealth.

So theoretically speaking, you have money to open only 10 trades. Of course, all of those trades would have to end up out-of-the-money and that is highly unlikely. Nevertheless, if even just a few of them turn out to be unsuccessful (especially the first ones), you would get yourself into a big psychological pressure. Subsequently, you begin to doubt every trade and you will most likely slip from your trading strategy, which might result in further losses.

Testing binary strategies

Trading with real funds without a tested binary strategy entails high risk. For this very reason, it is of crucial importance that every trader is properly prepared before entering the real market. The most popular and effective way how one can prepare for real trading is using a free demo account for binary options. This practice account works exactly the same as the real one, with one huge difference, that you are trading with imaginary funds. Once you open a demo account try to strictly follow your strategy as you would with real funds.

The second option, how you can test binary strategies is to open, for example, MetaTrader 4 and at the time when you would normally open a trade, you make a note either to Excel or on a paper. Then you wait if the price of the asset moves in the direction you forecasted and you write down the result of each and every one of your trades. This way you will try to “create” as many trades as possible and then you calculate the overall success of your strategy.

What are Binary Options? – Honest Review

Binary Options is a financial instrument to trade on long or short markets in a certain period of time. The Trader only got 2 options: Win a high amount of money (75% – 95%) or lose the investment amount for this trade. It is like betting on rising or falling markets. Binary Options are very flexible. It is possible to trade any financial market and use different time horizons (starting from 30 seconds).

  • Call (Higher): Make a forecast for rising markets
  • Put (Lower): Make a forecast for falling markets

Make a forecast for the future price direction

In this article, I will show you exactly what are Binary Options and how do they work. Knowledge is the key to success. Read about the risk and the opportunities to make money in the following text.

Where to trade Binary Options in 2020?

In the next steps, I will show you how Binary Options (Wikipedia article) work. You will understand it in a few moments. But first of all, where to trade Binary Options?

You will need a Binary Options Broker (see the table below). I searched after the safest companies which give the highest return for traders. There are different companies around the world who provide this financial service. You can open a free demo account. This is an account with virtual money so you can learn how to trade without risk.

First steps:

  • You need a company (broker) which provides the financial service (Binary Options)
  • Open a free demo account with virtual money (Virtual trading without risk)

Best Platform
Highest Yield
Best Support

Broker: Review: Regulation: Yield: Advantages: Open Account:
1. IQ Option (5 / 5)
Read Review
CySEC (EU) 100%+
2. Olymp Trade (4.8 / 5)
Read Review IFC 92%+

Huge diversity
High Yield 92%
Bonus Program 3. Expert Option (4.8 / 5)
Read Review VFSC, FMRRC 90%+

Good Platform
Account Types
Good Education

Is Binary Options Trading safe or not?

Safety is the most important point in online investing. You should choose a good and reliable broker which is safe. I recommend using a regulated company for your investments. Have a look on my full Binary Options Broker Review to find the best one. There are regulated and unregulated companies for trading. It always depends on the broker to trade safely Binary Options.

I did a lot of research and clearly, I can say that a regulated broker does not cheat to its clients. Normally unregulated brokers do not cheat too. But it is not 100% safe because sometimes these are small and unknown companies.

It is safer to trade with a regulated broker than with an unregulated one.

In conclusion, you should use a regulated broker for trade Binary Options safely. It always depends on the Broker if it is safe or not. Do the research by yourself and read my review about the broker on this website.

Example of regulation or license

Safe and well-known regulators are:

What you really need to know about online platforms:

There is a huge diversity of Binary Options Platforms and you have to check out what is your personal favorite. Nowadays developed software is very flexible and available for any device. It is possible to trade with the computer (browser and desktop), smartphone and tablet. That means you can trade from everywhere around the world if you got access to the internet.

Especially for a beginner sometimes it is hard to learn to trade with a new platform. There are a bunch of options which can confuse you. Most brokers will give you education material like video tutorials or step to step guides. Also, you can ask the support for help by phone, chat or email.

A platform for any device

Flexibility and charting are provided by the platform. You can do a personal chart analysis with indicators, technical tools, and different chart types. Sometimes you will get access to economic news directly in the platform. Indicators are known for giving you feedback on the market price at the moment. They are customizable like you want. So it is possible to analyze different timeframes.

Mobile Trading:

Today Mobile Trading is one of the most important factors for trade successfully. It is a great opportunity to boost your profit. In the past traders could not trade online or via mobile phone. So the options were much lower for making a profit. Apps are available for Android and iOS users or any other device. Check out your trading account 24 hours per day via your mobile phone.

Computer Trading:

In my opinion, it is better to use the web-based platform with your computer for analysis. Often there are a lot more functions than in the app. Furthermore, you can see the chart more detailed and a higher range of it. Professional analysis can be made by using a computer.

Binary Trading Tutorial | Step by Step Guide

As a trader, you can choose between a lot of different assets on a Binary Options Platform. You can trade Forex, Stocks, Commodities, Cryptocurrencies and more. This trading tutorial will show you how it exactly works to trade the financial product. The process is always the same as you see in the video and picture below. Just practice it in a free Demo Account.

Learn how to trade successfully

Now you have to imagine and predict the asset price direction for the future (forecast):

You can use the specially programmed trading platform of a Binary Options broker to analyze the charts and get trading ideas. It is very important to have a good working strategy for maximum profit. Beginners should use technical analysis for trading the chart. On the broker platform, you can learn more about it in different education videos/centers.

Therefore every Binary Option expires after a specified time. You can use the time horizon between 30 seconds or 5 months or more. Sometimes it depends on the broker. As you see you can trade short-term or longterm Binary Options.

After you have decided on the direction and the expiry time for your trade you can “sign” the contract with your broker. Just click the call or the put button. On some platforms, you have to confirm the trade.

  • Call (Higher): The price will go up in your expiration time
  • Put (Lower): The price will go down in your expiration time

If you are right in your decision, the broker will pay you a high asset profit of 75-95%. The trade automatically closes after the expiry time. Sometimes the broker allows you to close the trade before the expiry time ends. That is a way to reduce the impact of a wrong decision.

That means if you invest the amount of 100$, you can earn the amount of 195$ on a certain time horizon. 100$ is the return of your investment and 95$ is the profit.

Binary Options Platform Tutorial for beginners

  1. Search for an asset with a high profit. If you trade the assets with the highest yields in conclusion from my experience the result will be much better in the end. Some Binary Brokers offer you different account types with different asset profit.
  2. Analyze the chart on the platform. You can choose different time frames, indicators or financial news for your strategy. Every Binary Broker offers you some educations, too. Learn in webinars, videos or coaching the best strategies of the world.
  3. Now you should select the expiration time of your Binary Option. There a lot of possibilities for your trade. Some traders like it to trade short-term options and some other traders like it to trade longterm options.
  4. Choose an amount you want to invest in your trade. The most time it starts at 1$.
  5. At latest trade the Binary Option with a call or put. There are only 2 options in the market, that’s why it is called “binary”. In the end, you earn a high yield or you lose your selected amount.

What are the conditions Binary Options Trading?

You can trade any asset with Binary Options. It can be stocks, commodities, forex or cryptocurrencies! Most brokers give the option to trade more than 100 different assets. The expiration time depends on your broker. Some companies provide Binary Options with a time horizon of 30 seconds or less. These days you get a lot of different options on every broker.

Conditions:

  • Trade stocks, forex, commodities, cryptocurrencies, and more markets
  • Choose between a diversity of time horizons (short-term – longterm)

Yield – The return of investment can be high as 95%+

As the time horizons, the yield (return of investment and profit) depends on the broker. Often there is a possibility to get a high payout of more than 90% of your investment but there is no rule for the value of the yields. Sometimes short-term trades got the highest payout and sometimes long-term trades got the highest payout. In comparison to my experience, the yield is between 70% and 95% for standard accounts.

Another way to boost the yield is to get a VIP account type. Most of the brokers offer different account types, which are linked to the deposit amount. For example, you will get a VIP account if you deposit more than 3000$ on IQ Option. Not every broker got the offer of account types but you should search for it if you plan to invest a high amount of money.

Are Binary Options risky or not?

Binary Options are risky to trade, but there are advantages why the risk is less than trading other financial products. Especially new traders fear the loss of a high amount of money. With binary trading, you can only lose your bet amount. Traders clearly see what they can lose in a trade. Compared to other trading instruments this is a big advantage because the risk is limited always.

Another advantage is that you get a high asset payoff no matter how much the market moves. The asset price just has to be above or under the entry point. Traders like this financial product because it is so easy to understand and to calculate the risk and the trade profit.

Only invest the money which you can afford to lose in the worst case.

Binary Options Demo Account – Yes or no?

It is very important for beginners and new traders to practice the Binary Options Trading. Most brokers give you a free demo account. It is an account with free virtual money. You can always recharge the account with one click. It is risk-free trading.

Every trader should learn more about the trading platform before he is going to invest real money. Also, you can learn new strategies or try out different methods on the market. First, develop your own strategy with virtual money.

Most brokers offer a free demo account.

Opening your first real account

For trading with real money, you have to fulfill different criteria. On most brokers, you can trade and deposit without verification of your account. In my opinion, every trader should verify his account before deposit money. This can prevent annoying errors and waiting times. For a full verification, you need to complete the account setup.

Sign in with your real personal data. That includes full name, birthday, real address, email, and your phone number. After that, sometimes you have to upload the required documents for the broker. The company checks if you are a real person. Upload a picture/copy of your Passport. Sometimes they require a utility bill too. In most cases, the verification only takes 24 hours or less. With some companies, you do not need this verification process.

How much money do I need for Binary Options Trading?

You can start trading with a very low amount of money. Especially on IQ Option, you can open a live account with a 10$ deposit. The minimum trade amount is 1$. The upper limit is open for your trades. Have a look at my reviews to find a broker which fulfill your requirements

From my experiences as a trader, it is possible to make a huge amount of money with the right strategy. Binary Options are the tool for trading with a small or big amount of money.

Facts about the deposit:

  • Start with only 10$ in your account
  • Trade with 1$ per trade
  • You can easily trade with high amounts too
  • The minimum deposit depends on the Binary Options Broker

Easy deposit and withdrawal

As mentioned before the deposit is easy as the withdrawal of profits. On most brokers, there are not any fees for deposit and withdrawal money. For payments, you can use more than 20 different methods. It is possible to capitalize on the trading account in a few seconds. In most cases the payout takes the time of 24 hours depends on your broker.

Payment methods are depending on the broker:

  • Bankwire
  • Credit Cards (Master/VISA)
  • Cryptocurrencies
  • E-Wallets: Skrill, Neteller, FasaPay, ePayments, Yandex, and more

Get a free Bonus for your deposit

The most brokers offer a free bonus for your deposit or risk-free trades. The bonus amount depends on the deposit amount. It can be a 20%,30%,50% or 100% bonus. In other words, they give you a higher bonus for a higher deposit. Furthermore, some brokers allow trading risk-free trades. If you lose a trade, the broker pays back the lost money in the form of a bonus.

The bonus is not completely free. Sometimes traders have to trade a high turnover of the bonus. For example, make a turnover of 30x of the bonus to get the bonus withdrawn. If you are not satisfied with the conditions in most cases you can deactivate the bonus. A bonus is a good opportunity to grow a bigger account and trade with more money.

Get a free bonus now

Can you really make money with trading Binary Options?

The key to your success is to get a good education and find a professional strategy. In addition, you have to control the risk with sensible money management. In this article, I showed you an insight into profitable trading with Binary Options.

It is easy to make money with Binary Options but you have to be prepared. The markets are not easy to trade for beginners and it takes time to trade profitably. You will not see success directly. From my experience educated traders do not blow up the account. They earn money constantly. Read through my other pages to get deeper knowledge.

  • Education: This is the most important point for beginners. You should be prepared for the markets and know how the financial product works. There are different tutorials on the broker webpage or on my website to learn the functions. In addition, it should be easy for you to use the trading platform of your broker. Just practice in the demo account until you feel comfortable. Moreover, most brokers offer deeper knowledge. There are webinars, coachings, and tutorials. Education and knowledge is the key to making money with Binary Options.
  • Strategy: Develop or learn a professional strategy for trading. You have to know what you are doing in the market. It is like a system for you which always have to repeat. Without a proper strategy, you will blow up your account. There are different ways to learn a strategy. Use the knowledge of a broker or my website.
  • Money Management: most traders fail to control the risk. In my opinion, money management should be sensitive by using 0,5 – 3% of the account balance per trade. Sometime a losing streak will occur. By using sensitive money management you can trade without emotions and you can trade enough trades without running out of money.

In conclusion, you can really make money with trading Binary Options but you have to learn and invest your time in the right knowledge. The demo account is the best way to practice before you start investing real money.

Are Binary Options legit or not? – My scam review

In my opinion, Binary Options are not a scam for your money. The financial product gives you the possibility to invest in short or longterm opportunities in the market. Binary Options are so popular because they are so easy to understand and you can make a lot of money in a short time.

It is very important to choose a good broker. Some small brokers are scamming users, that’s why a lot of people think Binary Options are a scam. Definitely, it is not a scam if you trade with a safe company.

Basic trading checklist for beginners:

  • Choose an asset you want
  • Forecast the price movement
  • Choose a variable expiry time of the trade
  • Bet an amount starting 1$
  • Trade a call (long) or a put (short) option
  • Get profit
  • Payout the profit

On this site, I have shown you how the financial product is working. I think you can easily understand it now and start trading with more security. On my other sites, you can learn more about Binary Options. Happy trading.

How to avoid scams as beginner

The problem of Binary Options is that they are not a scam, but some brokers or financial educators are scammers. Every time before you start investing real money you should do a sort of research. You should pay attention to real reviews or advice from professional traders.

Binary Options trading as a full-time earning potential

Been working since I graduate from high school. I’m now in my 40s and I’m really sick and tired of the whole work routine. I’ve been searching for other earning opportunities and have come across binary options. Quite promising. Does anyone here trade binary options for a living? How’s profitable is it?

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Comments ( 20 )

It’s possible but when it comes down to it, you are basically betting on red or black. If you really consider doing this, I would strongly recommend doing it with a demo account for a year and taking note of EVERY SINGLE TRADE you do including thought process and outcome.

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Didn’t know what a binary option was. Looked it up. Sounds like gambling.

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The places that offer binary options to retail investors completely rape people on the bid ask spread, making it virtually impossible to win. If you were asking should I set up a shop that offers these, I would say ‘go for it’, assuming you could live with yourself.

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Aren’t binary options just for people who can’t figure out how to place positions themselves and are impressed by words like “binary”?

Smash your face HERE if you think X
Smash your face HERE if you think Y

Sounds like gambling, but less fun.

“Mr. Perkins poses an extreme risk to the market when drunk.”

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LOL at this thread. Three first (and only) time posters here discussing a topic that nobody really gives a shit about and asking/answering about making a career out of it. This is either pretty high tech or pretty low tech spam.

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Binary options, don’t do it. Might as well go to Caesar’s palace. You could make a good living of vanilla options, being a retail investor.

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You can use binary options trading as a full time earning source, but remember, it’s not as easy as you believe. It takes time, patience, and the skill to calculate risk and jump on winning chances at right time. In short, simple dedication and focus can make you profitable in the trading market.

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Binary Options – recommendations (Originally Posted: 09/12/2020)

Has anyone on here traded Binary Options? What are your experiences? Did you end up in the money? Would you suggest it to other traders?

I would suggest chiefbinaryoptions. com/en/opteck-review , I started trading with this broker because of its reliability and because if provides free demo account for practicing.

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My view is that it’s for people who view the market as a roulette table or Baccarat.

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I would ask you why you’re interested specifically. I’m assuming you’re not talking about trading on an exotics desk but rather some retail brokerage?

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interested in binary option trading (Originally Posted: 10/01/2020)

Hi, I am really interested start trading with binary options. I have been reading different forex and binary options news websites example websit called 7binaryoptions.
It would be nice to get some tips for newbie, before i would start it.

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Buy some Asian out of the money options with a strike price of 100 for AAPL

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You can read about binary options trading tips and strategies, as well as about best binary options brokers, such as Opteck review – chiefbinaryoptions. com/en/opteck-review – at this articles.

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Advice for new Binary Option traders (Originally Posted: 12/31/2020)

As I was reading on previous forums alot of people compare Binary Options to gambling and casinos, say winning is almost slim to none. I beg to differ in the sense that I have won from both, call me lucky but I really believe no matter what investment it is; if you know when to pull out you wont lose. I have made the mistake of investing alot of time and money into the forex market. I felt too much was out of my control, I then switched to Binary Options, Ive used a number of different brokers and until now I have never received more than 70% of my winnings. I recently started using another binary options broker, they gave me 100% of my winnings; even 100% match on all of my deposits. They have representatives that call me and email me with daily advice. With a combination of their Advice and knowing when to pull out of the trade it is going to be a good new year.. if anyone would like to check out the company it is called ihoptions. good luck to my fellow traders and Happy new yr

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