The Best Binary Options Broker 2020!
Perfect For Beginners!
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Free Trading Education!
Best Binary Options Education 2020
Without a proper binary options education, you might as well move on and try something else. Binary trading is simple to trade, but difficult to win.
Yes, picking the option of your choice on whether it goes up or down couldn’t get easier. Knowing which direction to choose is the trickiest part here. With our pages full of binary options course material and tons of other binary options trading content on this site, you should become a much stronger trader when you are finished. Welcome to the best binary options education site and make sure you take a free online binary option trading course.
Trading Tip – Find the best broker that works for you and your money.
If you want to find out more about us, the Binary Options University website and why it was created, read our About Us page.
Below you will find the start of our binary options curriculum. Through Binary Options University you will find beginner’s tips, tutorials, step-to-step guides and much more.
Ring Ring Ring. You’re late for your binary options class. We’ve all been there before. The cool thing is your actually not late at all. This information is available to you 24/7. Meaning, you can use your PC or laptop at home or even check us out on your new iPad. Either way, time to get to class and get the best binary options education you can find.
HOW TO: Get a Binary Options Education?
Binary Options 101 – The beginner’s guide to the basics of binary options trading.
Check out the list of binary options courses below. If you are new to binary options trading, we strongly suggest you go through all of these guides – starting with binary options 101.
Touch no touch binary options – Calls and Puts, Touch & No Touch Options, 60-second options etc.
Binary Options Payouts – How to secure the best payouts in binary trading
Binary Trading Strategies – How to become a successful trader and the tools to get you there
Best Binary Options Brokers– This guide will help you pick one or more of the best binary brokers online today.
Now that you’ve looked through our binary options courses, it’s time to practice trading risk-free on a real binary options platform. Check out our binary options demo account section on how demo accounts work, and which binary options demo accounts are free and best for beginners. Once you feel like you’ve had a bit of practice, it’s time to open a real binary trading account. Real money takes trading to the next level and we want to make sure you are trading with the best binary options platform online. We know that you’ve checked out our broker guide already.
The Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
Each of these brokers have proven to support their traders and provide the best trading experience. Customer support is also a big factor. If you haven’t checked out our reviews of each broker, please make sure you do that as well.
Top 4 Binary Options Brokers
IQ Option review – By far the strongest binary broker online offering all kinds of assets, from binary options to CFDs in forex, stocks and crypto.
NADEX review– The best binary options platform for U.S. traders with excellent customer service and great payouts.
Binary.com review – One of the most reliable binary options brokers available online offering binary options and forex trading.
OlympTrade app – Great way to trade on the go with your mobile phone on the bus or in the train.
The best CFD Broker who no longer accept binary options trading is 24option. You can read more about their trading platform and their Cysec License in the 24option review. Most other brokers that we have review has been moved to the binary option blacklist.
If you already have a trading account, make sure to keep coming back and checking this site for we will keep adding fresh content.
Binary Options Courses
We assure to keep your educated by offering articles and courses about binary trading and binary options robots. We have over the years kept a close eye on the binary options robot trend, which seemingly have vanished from the surface of the internet. It was a FAD that died in 2020 and today you only see weak copies and companies trying to relive the 2020 trend. The touch no touch binary options have also seen a decrease in popularity as the high yield options turned out to be too risky in the long run. It is great to get 500% return but if it doesn’t happen at least one in five times our binary option courses and analysis proves that it is not a good instrument and thus you should make sure to keep your binary options education up to date.
Class Dismissed. Put Your Education to Work and Trade with one of the Best Binary Options Education Sites.
***Binary options are prohibited in the European Economic Area. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This material is not investment advice. ***
We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!
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binary-option.ru: заманивают в лохотроны (бинарные опционы и CFD)
«Эти 4 стратегии не поддаются логике! Получите наш видео-курс за 0 руб. и начните зарабатывать. Результат гарантирован! 24zarabotok.ru», — гласит реклама.
Это сразу должно насторожить, так как гарантий в торговле на финансовых рынках не существует, даже если торговать через честных брокеров.
Здесь же вам предложат совсем сомнительные операции через FinMax FX, 24Option, Maxitrade, MarketsSoft, YardOption, FinMax, Arotrade.
На сайте 24zarabotok.ru некорректные обещания продолжаются.
«Сегодня Ваш день! Готовы изменить свою жизнь? ТОП-4 КРУТЫЕ СТРАТЕГИИ от хедлайнера с 6-летним стажем увеличат ваш ЗАРАБОТОК… Стратегии просты и понятны каждому и не важно кто вы (новичок или профи) и какой у вас уровень знаний! Эффективность 4 стратегий проверены временем, а результат доказывает это каждый день, увеличивая доходы уже более чем 30,8 тысяч подписчиков! НАША КОМАНДА — это объединение экспертов в области интернет-заработка! Мы объединились для того, чтобы помогать простым людям для улучшения их благосостояния. Для этого мы создали свои собственные учебные и методические материалы, основанные на реальном опыте каждого из нас. В нашей команде нет неудачников, только профессионалы и мы предлагаем только работающие методы, проверенные временем и испытанные на себе. Мы создали целый образовательный центр и предлагаем только авторские обучающие курсы от наших экспертов, аналогов которым не существует!», — в общем типичная лохотронная риторика.
Конечно, присутствует и ограничение по времени чтобы давить на жадность: «Забирайте видео-курс прямо сейчас БЕСПЛАТНО, завтра его цена вырастит до 29.990 рублей!»
Да, так и написано: «вырастит», а не «вырастит», как положено. Естественно, ничего завтра не вырастет, а обещание про «завтра» является обманом.
На сайте указан автор Анна Андреевна, телефон +74952666785 и E-mail [email protected]
Сайт binary-option.ru представляет собой якобы личный пример некой Анны Андреевны, которая постоянно и много зарабатывает на бинарных опционах.
Некоторые видео на сайте датируются аж 2020 годом, то есть лохотрон действует давно.
Этот сайт принадлежит компании Blaze Capital LP, находящейся по адресу: Suite 1066, 111 West George Street, Glasgow G2 1QZ, Scotland.
Аналогичная фраза есть на сайте guideinvestor. ru/, где, в частности, обещают от 15% в месяц (ссылка ведёт на некий сайт bfainvest. group, ООО «БФА». Инн, реквизиты, члены команды не указаны. Приведён адрес г.Москва, ул.Ленинская слобода д.19, Email: [email protected]
На сайте Binary-Option.ru продвигаются услуги следующих нелицензированных в России сомнительных брокеров: FinMax FX, 24Option, Maxitrade, MarketsSoft, YardOption, FinMax, Arotrade.
Эти структуры представляют возможность торгов бинарными опционами или CFD (контракты на разницу).
Банк России предупреждает: «Все обещания о лёгком заработке на бинарных опционах — мошенничество. Вы просто потеряете деньги».
How to create webinars for free in 4 steps
Reasons for choosing FREE webinars over paid alternatives
Have you ever wondered how to gather everyone in one place while being in different locations and having having different time zones? The best alternative solution is here! Try doing webinars and delivering your message to your target audience momentarily on real time. But note that some initial preparation is required. There are several prerequisites that need to be fulfilled from your side to create webinars successfully. Here comes one of the webinar rules that is вЂњpreparationвЂќ.
Tips and skills for using free webinars
If you want to start hosting effective webinars without spending hundreds of dollars, then keep reading this blog! In this blog we will tell you how to create webinars at low cost or even for free. We are sharing with you how to conduct webinars while having a low budget.
After you read this blog you will possess skills and tips for creating low cost and profitable webinars.
CreateWebinar as your best choice
No matter how profitable your business is or how much you are willing to pay for webinars, we still offer you to choose available free webinar software. Free webinar can increase your profits by saving your time and reaching your goals. By doing a research companies and individuals can find best providers of free webinars for conducting online meetings. These webinar companies offer clients high quality webinar facilities at no cost. Of course CreateWebinar is one of them. CreateWebinar has made online meetings easy with a brand new technology. Free webinars are now available on CreateWebinar.com, hurry up to sign up or if you have an account log in and start your FREE webinar today.
How to create free webinars on CreateWebinar.com
Along with its hourly rate and unlimited packages, CreateWebinar.com offers a free package for BigBlueButton users. Following steps are required for creating free webinars using CreateWebinar:
Step 1. Install BigBlueButton server
First of all you need to install BigBlueButton server, which is an open source web conferencing system. It is based on GNU/Linux operating system and runs on Ubuntu 16.04. In addition to various web conferencing services, it has integrations for many of the major learning and content management systems.
Step 2. Register on CreateWebinar.com
Next, you should register on CreateWebinar.com via email or your social media account. After activating your account you will have access to CreateWebinar.com control panel.
Step 3. Add your BBB server on CreateWebinar.com
Go to My BBB server section in the left sidebar. Click on вЂAdd BBB ServerвЂ™ button and a window with 3 fields for entering parameters will pop up. Parameter values for server name, API URL, and shared secret are available to BBB server administrator. After entering the data you can test your BBB server using Check BBB API button. Then click Save and you will be notified about the successful addition of the server.
From User BBB servers menu in the Manage your BBB server section, you can manage your BBB server via SSH through opening terminal console.
After completing the mentioned actions, your account is ready for organizing webinars and participating as a listener.
NOTE: Adding a BBB server is required for organizing a webinar. If you are only planning to participate in webinars, then you donвЂ™t need to add a server.
Step 4. Create your first FREE webinar on CreateWebinar.com
Creating a webinar starts with clicking on Create Webinar section in the sidebar.
Go to Create Webinar section in the sidebar. Enter the Title of the webinar. In Webinar date and time field it is required to correctly enter the start time of the webinar taking into account the time zone specified in your profile.
The service allows you to create webinars based on three different access types:
Open for all webinars allow anyone with a link to webinar to join it. The link generated for this type of webinar allows any user to enter your webinar without registration on createwebinar.com.
Approval required webinars require confirmation by organizer. After clicking the link to webinar, participant can request for participating in the webinar. The organizer either can approve or reject the request. For participating in a webinar both an organizer and a listener are required to have a service account on createwebinar.com
Closed list webinars are those in which only contacts who have received invitation can join, without the option of adding new participants. For participating in a webinar both an organizer and a listener are required to have a service account on createwebinar.com
The type of webinar is selected from the drop down menu from Type of Registration section.
All other settings in Create Webinar section are identical for creating any type of videoconference.
Next, you should select Your server, choose it from dropdown list, and add Duration of the webinar, i.e. how long you want the webinar to last.
Any information based on your preferences can be entered in the Description field. This information will be visible to everyone and will be displayed on the right side group chat window during the webinar.
Next to Logout URL you can specify website where the listeners will be redirected after the end of the webinar when clicking the Quit button.
For creating rooms available for mobile devices switch Use HTML5 Client to yes position.
Now letвЂ™s get to the Additional parameters.
- Tick the Recording checkbox if you want to have video recording option,.
- Moderator Only Message will only be visible to moderators – on the right side group chat window.
- Checking Auto Start Recording starts the video recording as soon as the first listener joins webinar.
- Allow Start/Stop Recording option allows moderator manually to start and stop webinar recording.
- Checking Webcams Only for Moderator box gives the right of using the webcam only to the moderator.
- Checking Join after moderator field does not allow participants to join webinar before moderator.
Now letвЂ™s look at the four options of inviting webinar participants.
- One of the options is uploading contacts from excel spreadsheet by clicking on Load list of visitors button. You can download the excel template by clicking on the cloud icon on the right side of the button. After uploading the filled table, all the contacts will appear both in the Webinar visitors list at the bottom of the page and in the contact list of your createwebinar.com account in the chronological order of their addition.
- The next option is useful if you want to add just one or several webinar participants without uploading excel spreadsheet. By clicking the Add single visitor button, you will see a pop-up window, which should be filled with participant information and saved by clicking the Save button. Added contact will be displayed in the Webinar visitors list at the bottom of the page and in the contact list of your createwebinar.com account.
- Another option is to add all users from specific group. Click on the Add from groupsвЂ¦ button. Choose one or several groups and click OK.
- The next option of adding webinar participants is through your createwebinar.com address book by clicking the Add from contacts button.
When participants are added, you can click on the вЂAdd webinar schedule and send invites by emailsвЂ™ button.
You should activate the webinar before the webinar start time. To do so go to the Schedule section in the sidebar and click on green Start webinar button. Createwebinar will ask you about webinar duration again.
NOTE: after the specified duration webinar will automatically be finished and webinar room will be closed.
Everyone included in the Webinar visitors list will receive an automated e-mail inviting them to participate in the conference.
How to benefit from webinar features and advantages for free
Another important condition for having FREE webinar package on createwebinar.com is obtaining BBB server of your own. Once it is done you can benefit from the following features for free:
в—Џ 3 types of access to webinar (open for all, closed list, approval required)
в—Џ Community & free support
в—Џ Support iOS, Android without any app
в—Џ No software limits of attendees
в—Џ No software limits of presenters
в—Џ E-mail notifications
в—Џ Watch webinar recordings online
Have a closer look at free webinar features
1. You are free to choose any of the available 3 alternatives. In case you create open for all webinar, everyone can join the webinar without a special invitation or approval. Next possible option is having a closed list. In this case only those who have been invited by you will have access to the webinar. Finally the last type of free webinar is the one that requires an approval. After you approve the request to join, other participants can take part in the webinar. In the below inserted picture you can have a better understanding of how you can choose these options on the website.
2. Next advantage of registering on CreateWebinar.com is being part of a great community. Moreover fast and free support from specialists will assist you when having a question or an issue.
3. CreateWebinar gives availability anytime, anywhere you are by using your smartphone. Createwebinar website can be displayed on your iOS and Android systems. So we can conclude that there is no necessity for a separate application installed on your device.
4. No matter how big your audience is or how many devices are going to be connected to your webinar, a good quality of audio and video is guaranteed. So, no limitation of attendees is applied.
5. When inviting your future attendees to a webinar you want to make sure they are notified about it and no one will miss the webinar. For this purpose you invitees will receive an email notification.
6. After you have successfully held a webinar and recorded as a video, you can save it and watch later anytime. Also, you can download webinar record as MP4 file with advanced control panel with a monthly or yearly subscriptions or with a private server with unlimited scope for a monthly or yearly subscription.
Advantages of using CreateWebinar
By logging in with your login and password or by using your social media accounts you will have access to multiple options. On our website you can be your own boss and make your choice from available alternatives. We are more than sure that you have heard about advantages of using CreateWebinar.
These benefits include:
- bigbluebutton trainings,
- BBB meetings,
- subscription options,
- cloud based infrastructure,
- opportunity to save your content to your server anytime,
- no marketing limitations, and safety.
CreateWebinar from usersвЂ™ perspective
Free webinars are very appealing especially for those of you that prefer to save their time and financial means. Why spend more than needed. CreateWebinar gives the option to conduct free webinars if you or your company have already installed BigBlueButton on your computers. In this case a FREE powerful control panel for your BigBlueButton will be provided. Moreover, in case you are planning a one time webinar, do not worry, the best solution is now available. You can pay just for the hours used without yearly, or even monthly subscription. While being a member of CreateWebinar community you will receive advantages such as latest available webinar tools in one place.
On CreateWebinar you can create webinars and invite your friends and colleagues to join the call. We donвЂ™t limit our users and you can invite as many listeners as you want within our server capabilities. We have a special widget, which shows the maximum number of participants for certain package at the time of subscription. Joining CreateWebinar takes one simple step of registering online by using your email and password. By adding your colleagues and friends to your contacts list you will able to easily invite them to webinars by clicking on their names. Moreover, you will be allowed to create an excel file with a list of contacts and just simply upload it to your webinar page under the box called вЂњlist of visitorsвЂќ. Below inserted picture shows all mentioned options on our website.
If you ever need to go through your webinar again, in case you did not have time to take notes or did not manage to participate in the webinar, there is a special tool that allows you recording the webinar from the moment you wish. The recorded file is saved to your account.
The final feature of your webinar that will ease your communication is live chat box. The live chat is where participants of the webinar will exchange information and communicate. Live chat will give you a great option to chat while having the webinar. Another useful feature that will add value to your webinar is sharing documents. These documents can be in several formats including Microsoft excel, word or even pdf files.
Binary Options Guide: The Truth About Binary Options
Trading binary options can seem deceptively simple, but leaning too far into that notion can blind people to some of the risks that often accompany this type of trading.
Before I go any further, I want to make it clear I’m not a binary options trader. I trade penny stocks and teach day trading. I’d love to see you join the Trading Challenge — it’s the result of over two decades of trading and a decade of teaching. It’s awesome.
If you’re interested in taking the binary options path, it’s critically important to understand exactly what you’re getting into and set appropriate expectations. And you should get a mentor who trades binary options. Seriously. Preparation is key.
Again, I don’t trade binaries. For the most part I think they’re scams. Can you trade them successfully? There are successful traders in every niche. But most traders lose. That’s the reality of the industry.
It doesn’t matter if you’re trading forex, penny stocks, options, big caps, or … binary options. Most traders lose and most trading teachers don’t want you to know about it. So I’m going to tell you about binary options in this post. But I don’t trade them and I don’t recommend it.
Will trading binary options enable you to buy a villa in the South of France next year? Probably not. Will they allow you to quit your full-time job and finally start on that novel you’ve always wanted to write? Don’t count on it.
Here, we’ll take a look at what binary options trading is all about and you can decide whether it’s right for you. As you read, keep in mind that binary options are getting outlawed in more and more countries. Companies are getting shut down. Or they’re based overseas in places where you can’t sue them. More on that later.
Table of Contents
What Are Binary Options?
Before we dive into specific binary options trading strategies, let’s review exactly what binary options are. According to Investopedia’s definition:
A binary option, or asset-or-nothing option, is a type of option in which the payoff is structured to be either a fixed amount of compensation if the option expires in the money, or nothing at all if the option expires out of the money. The success of a binary option is thus based on a yes or no proposition, hence “binary”. A binary option automatically exercises, meaning the option holder does not have the choice to buy or sell the underlying asset.
At the core, binary options are based on a yes or no proposition. You must decide whether you believe an underlying asset will be above or below a specific price at a specific time.
Binary trades are ruled by expiry times. These time constraints indicate how long you have to make your predictions regarding whether you believe an underlying asset will be above or below a specific price at a specific time. Once the expiration limit occurs, your predictions determine whether you gained or lost money.
Expiration times vary from binary option to binary option. Some of these minimums are known as short expires, which means the expiration date is actually within mere minutes of the buy-in.
There are medium and long expiries, as well. For medium expiries, the deadline could be anywhere from two to five hours. Long expiries typically last between two and 24 hours. Many experts believe that longer expiration times can help make predictions easier.
What Are the Underlying Assets of Binary Options?
In order to participate in binary options trading, you must first have ownership of an asset that can be optioned for a fixed amount. The types of assets common in binary options include stocks, indices, commodities, and currencies. Many binary traders chooses to trade with stocks, as this option can allow them to get high returns within a short span of time.
Along with indices and commodities, currencies are another popular binary option vehicle. Since currencies are liquid and often subject to dynamic price fluctuation, many traders choose to analyze their binary options across the complex — and often shifting — global currency market.
A quick aside since we’re talking about forex. Be aware that the forex market is among the most difficult to trade. Why?
Because it’s the biggest and most liquid market in the world. You’re up against the smartest, richest, and often most experienced traders in the world. Personally, I don’t want to compete against that. Plus, the forex markets move so fast on news you don’t have access to, that there’s no edge whatsoever.
And now, a new asset has emerged: cryptocurrency. I don’t trade crypto, either. I’ve traded the random crypto-based stock. But this is a whole niche unto itself and I’m happy with penny stocks. Crypto has its own version of binary options — which is why I’ve included it here.
Led by Bitcoin, this new, digital currency class is intriguing investors around the world who see the digitization of finances as the way of the future.
According to Options Advice, there are two prominent ways you can capitalize on Bitcoin binary options. The first strategy is by trading on what you think the imminent fluctuation of Bitcoin might be, and the second is trading regular options with Bitcoins as your currency.
If you’re interested in taking the cryptocurrency binary options route, I strongly suggest familiarizing yourself as much as possible with the trends dictating the ebbs and flows of the altcoin market.
An entire niche financial industry has been built up around educating consumers and future investors of digital coins and tokens. From resources like Cryptoslate to ICO listing sites like Coinschedule, there are many resources available to help you make the most strategic crypto trading moves possible.
There are also a lot of scams. And strange happenings. Like when a crypto exchange CEO died with the ONLY key to $137 million in crypto. Ouch. More than 100,000 cryptocurrency holders learned a very hard lesson. Back to binary options …
What is a Call and What is a Put?
Two of the most common terms you’ll hear throughout the binary options world are call and put. These two labels represent the market positions of binary options.
You typically choose to call if it looks like the value will rise within the confines of the expiry time.
Options also have a strike price, which is the price at which the security would be bought or sold.
If you choose to call, you’re signifying your confidence that a stock will rise within the time limitations. If the stock valuation moves upward at all, you’ll receive both your initial investment as well as the return.
On the opposite end of the spectrum, a put signifies your confidence that the valuation of a stock will drop within a certain time limitation. So if you predict that a stock valuation will decline before the expiration date, and the stock does dwindle, you will have succeeded at that trade and will receive your initial investment — as well as the trade — back.
What Are Other Types of Binary Options?
Beyond call and put options, there are other distinguishing factors that separate binary options from one another.
This guide from Binary Tribune delves more specifically into binary options types based on the number of interactions a trader must initiate with the trade. The levels include one-touch, no-touch, double one-touch, double no-touch, and paired options.
Let’s take a look one-touch and no-touch options …
Essentially, a one-touch binary option indicates that in order for you to receive a payout, a trigger (or predefined barrier) must be reached. Traders often choose one-touch if they feel confident that a stock will move in a certain direction at a minimum amount.
The option only has to meet the predefined trigger level once (hence the “one-touch” term). However, as indicated by Binary Tribune, this strategy is often accompanied by some risk.
Beyond simply calling or putting, you also must feel confident that a certain valuation threshold will be crossed. However, with greater risk often comes greater reward.
In contrast, a no-touch binary option essentially depends on a trigger level not being reached.
Rather than hedging your bets that the valuation of a stock will rise above or dip below a specified amount, you’re betting that the trade will not dip above or below an amount.
Because you’re making the trade with the intention that a threshold will not be crossed in either direction, it’s referred to as “no-touch.” Like their one-touch counterparts, these trades come with greater reward — and risk — potential.
I liken one-touch and no-touch calls and puts to something like an electronic stop-loss. The problem is, you don’t have control. You’d better be damned sure you’re right. Which is impossible.
What Are the Pros and Cons of Binary Options?
Now that you understand binary options basics and the different factors between them, you might be wondering whether this type of trading aligns with your goals. Let’s weigh the pros and cons.
We’ll start with the benefits …
Low Barrier to Entry. You don’t need a masters in economics to engage in this kind of trading. For this reason, many first-timers enter the trading arena through buying and selling binary options. Comparatively, binary trading is relatively simple. When compared directly to other types of trading, including quantitative or arbitrage, trading binary options is straightforward.
Fast Returns. Many traders are eager to see fast results and liquidate within a specific time frame. Those who play the long game (investors) are typically most concerned with growing their money steadily over long periods of time. Many opt to invest in index funds, IRAs, or bonds. Trading binary options is fast paced.
Thing is … you can get all the speed you need trading penny stocks. So, while binary options might be a fast game, the reward might not be worth the risk.
High Rewards. Binary options trading is touted by those who promote it as high reward. It’s possible to receive up to a 70% return on their investments if your binary trades reach your expiration dates in the money. This high average return is what makes this type of trading vehicle attractive to many novice and expert traders.
As explained by Investopedia, the risk on binary options is capped off, so while the rewards could yield high returns, you can’t lose more than the cost of a trade.
Low Cost. If you’re just getting started with trading, there’s a good chance you don’t have excess capital lying around to snatch up shares of the fastest-rising stocks on the market. Binary trades offer an alternative to other types of investments that require high-capital buy-ins.
In theory, you can experiment with a binary trade for any amount you’d like, whether it’s $5 or $50. Starting small and working your way up to bigger trade amounts incrementally is a great way to learn the lay of the land.
As you familiarize yourself with expirations, strike prices and — if you’re interested in one- and no-touch options — triggers, it’s best to gamble with an expendable amount that won’t derail your entire financial status. Notice I used the word gamble — just sayin’.
Accessibility. Binary trading platforms make it easy to trade on any day and at any time. When it comes to binary options, traders aren’t necessarily beholden to standard market times and broker availability.
Now, let’s explore some of the disadvantages of binary trading …
Scams. Conduct any Google search on binary trades and one of the first things you’ll likely notice are the abundance of hits warning against binary scams and shady binary brokers.
Remember when I said I’d get back to the part about shady companies? Here goes …
… and I say this to protect and warn you.
Like I said, these companies are often based overseas. Places like Cyprus. (I have nothing against Cyprus. It’s a beautiful country with amazing people.) Anyway, these companies are based in places where you can’t sue them if they screw you.
Then you sign away pretty much your entire life in the forms they make you fill out. Your odds of winning are so low the brokers who do it are pretty much laughing at you. They’re laughing that so many people fall for this crap. It’s like going to the casino.
So, if you come across a binary broker that sounds too good to be true, it’s because he or she most likely is. And if you come across a binary broker who doesn’t let you liquidate your investment, run in the other direction.
Short term. Binary trades have expiration dates that are often fairly short windows of time. Given this, it’s impossible to use binary options as mechanisms for long-term investments. Which, of course, I don’t mind because I day-trade and teach day-trading. But if you’re looking for buy-and-hold investing, binary options aren’t the right solution.
Can You Really Make Money with Binary Options?
Short answer: It’s possible, but you MUST know what you’re doing. Like I keep saying. Most traders lose. Doesn’t matter the niche. I would never trade binary options. Ever. Your choice, I’m just tryin’ to keep it real.
If you’re serious about binary trading, start small. By making small trades and working your way up, you give yourself breathing room to assess market trends and develop the necessary skills.
As is the case with many types of trading, history is sometimes the best predictor of the future. Many successful binary options traders experience trading wins and financial growth because they’ve spent time studying and familiarizing themselves with market movements.
Wait. Does this sound familiar? Yep. You guessed it: you can’t cheat your way to success. Doesn’t matter the niche. I don’t trade binary options. I don’t recommend you trade them. But if you decide it’s for you then prepare yourself. Study your ass off.
Learning common candlestick patterns can make it easy to spot recurring trading patterns. If you want to understand candlestick patterns — and you do if you are serious about trading — I recommend you get a copy of the classic “Japanese Candlestick Charting Techniques” by Steve Nison. Doesn’t matter which niche you trade, this book should be on your bookshelf.
Of course, trading patterns are never 100 percent accurate, so don’t fool yourself into thinking of them as absolute stock predictions. However, the more you can learn about patterns and begin to recognize them yourself, the more likely you’ll be comfortable making your own options decisions.
Is it Safe and/or Legal to Trade Binary Options?
Naturally, binary options contain risk. And by now you know my take. I pretty much think they’re scams. But there are differing opinions and some even consider them safe trading routes. I’m not gonna tell you not to trade them. I recommend you don’t. I’ll be interested to hear back from you. When you’re ready to trade the way I teach … apply for the Trading Challenge.
While it’s legal to trade binary options within the United States, they’re only available to trade on Commodity Futures Trading Commission (CFTC) regulated exchanges within the country.
Binary options traded outside the U.S. are structured differently to those traded here. You can learn more in this article on Investopedia: What You Need To Know About Binary Options Outside the U.S.
The Bottom Line
The good: Some traders like binary options because they are traded at fixed costs. You know where you stand.
The bad: Binary investments are too much like flipping a coin, there are too many scams, and your odds of winning are so low you might as well go to the casino.
The bottom line: Educate yourself like crazy. Avoid sketchy brokers. Start small and work your way up. Remain vigilant. Stick with these rules, and someday you might reach your trading goals. Will you do it with binary options? I doubt it. But you might prove me wrong.
Want to Try Binary Options Trading?
At this point, I hope I’ve shed enough light on binary options trading that you don’t do it. But … you might be thinking about giving binary options trading a shot. If you do, study your butt off. Get a mentor. Don’t screw around. The best of the best in every niche work with a mentor.
Trading — any type of trading — can quickly become complicated. Like any other sector of trading, it’s important to seek out an education before you attempt to invest in this way. I can’t help you trade binary options. But I can help you learn to trade penny stocks …
Is the Trading Challenge for You?
As a teacher I want to help my students forge long-term, sustainable careers as traders. The Trading Challenge can help you reach your goals through risk-averse, conservative trading.
Plus, my best students — those who have become millionaires themselves — join me in coaching you.
What do you get?
- Wednesday morning live trading webinar. I show you live trades so you can see how it’s done. And it’s not only wins. These are true live trades. Sometimes I lose. But you’ll see how fast I cut losses and why I get out so fast when things turn against me.
- Wednesday evening live lesson and Q&A. No matter where I am in the world. This is killer stuff.
- Thursday live trading & review with Mark Croock. @thehonestcroock is at it every Thursday. You don’t want to miss this. Mark is one of my best students/teachers. He’s constantly in the challenge chat room alerting students.
- Annual Penny Stocking Silver Membership. You need this. Thousands of hours of video lessons and archived webinars. Immerse yourself. This is how to get good fast.
- PLUS: Two monthly bonus webinars by my top student Tim Grittani. It won’t take long to understand how Tim went from $1,500 to where he is now when you see how meticulous he is about his trades. Learn from a master.
WAIT! There’s more …
I always wanted to write that. Anyway, there is more, but you have to apply for the Trading Challenge to get it. Simple.
Will you be my next success story?
As you’ve now learned, if you study hard, start small, keep your scam radar on high alert, and stay educated, then becoming a successful trader is possible. But it’s not easy. So don’t even think about doing it if you’re not willing to work hard.
As for binary options …
Look, whatever you decide, it’s about how much time and effort you put into learning. I don’t think binary options are a good way to go. Plain and simple. But there are success stories.
If you’d rather learn what I teach, then apply for the Trading Challenge. But no lazy losers allowed. Seriously. Only join the Trading Challenge if you’re willing to work hard.
Are you a trader? Do you trade binary options? Comment below and let your fellow traders know how it works for you. Even if you are brand new, I love to hear from readers. Comment below!
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