Binaries – Fair Trade or Casino?

Against the background of not too bravura statistics on Forex, the appearance of binary options on the stock exchanges in 2008 caused a real storm. Players can not find a consensus and decide: are binary options really worthy of making money or it is a disguised lottery? They cite the fantastic stories of those who made millions on binary options and the equally impressive reports of those who went bankrupt. But it’s up to him to decide if it’s right for him. earnings on the internet on binary options or not, it is up to the trader.

It is difficult for a newcomer to understand this know-how. He sees a bright advertisement promising that right after the registration at the brokerage site the process of making money will begin and in a few days he can run to buy a luxury car. But the fact that he can make money on binary options only with thorough analysis, searching for strategies and gaining personal experience is not mentioned in the advertisement. And in order to start trading it is necessary to understand at least the essence – what binary options are and how to earn on them.

Simple and affordable

Assets are offered on exchanges. They can be currencies (currency pairs), stocks, oil, services, gold, and others. The value of assets is subject to change, it is affected by world politics, events in the financial world, natural disasters, military conflicts and many other factors. It is on these fluctuations in price that traders place their bets. Binary options are not the purchase of the asset itself, but a bet on the prediction of the value of a particular underlying asset at a predetermined time interval. Earnings on binary options To the uninitiated it seems like a real roulette, where instead of “black-red” one is offered to choose “Call” or “Put”. That is, to predict where the value of the asset will swing in a given (sometimes quite short) period of time. If the choice turns out to be correct – the trader receives the profit the amount of which is known in advance. If the trader makes a mistake, he loses the value of the bet.

Since the probability of winning is 50/50, different strategies and mathematical models are used. Each brokerage site has its own conditions. Perhaps, the main luck of those who decided to earn on binary is the right choice of a reliable broker. Then there will be confidence in your bets and the opportunity to withdraw the profit.

Those who earn on binary options willingly explain why they chose this type of earnings. Firstly, it is the availability of brokerage platforms, where it is possible to earn, starting from 5$. Secondly, having a real desire to learn how to earn on binary options, the basic techniques and popular strategies are realistic to master. Third, the player personally controls the risks, knows the probable profit or possible loss, the decision is made consciously.

So, all that remains is to figure out how to work in binary auctions. First, one chooses a broker. One will have to consider the number of financial instruments, the level and availability of customer support, trading conditions, convenience of working with the deposit (deposit/withdrawal), study the rating. Then you can register on the site, deposit the account and get ready to work.

Is it possible to make money with binary options? Absolutely, yes. It is the easiest type of stock trading. It is enough to remember to keep track of at least the main factors influencing a noticeable change in price.

Another rule of making money in binary: do not go all-in, betting on the entire deposit. The recommended bets are more than 10% of the deposit. It is better to work with the asset which is the most clear, and it is more reasonable to take long-term deals, especially for beginners.
Do not make Napoleonic plans, it is better to set the maximum daily profit ceiling in advance – the same 10% of the deposit. If you ask in a search engine the question “Has anyone earned on binary options?”, it quickly turns out that some unscrupulous brokers do not pity lucky players, putting them obstacles in the withdrawal of profits.

Arguments “for” and “against” the broker binary trading are given by supporters and opponents. Experts have long ago divided them into those who skillfully use all the opportunities offered by the broker, not forgetting to enrich their knowledge of market analysis, and those who succumbed to the negativity and didn’t even want to try. Everyone makes mistakes, even very experienced traders. The main mistake of beginners is too hasty transition from demo account to real money deposit. Without sufficient experience, the player begins to make knowingly losing bets and joins the ranks of fierce opponents. The idea of easy money prevents from listening to the experts’ opinions, from analyzing the market. It is much easier, after losing the entire deposit, to declare binary options by a hoax and in the future do not try to find out any more, How to make money on binary options.