How to Earn on Binary Options

Among the common types of trading, binary options are considered the easiest and most profitable. In just one week they allow you to increase your initial capital by more than 100%! However, their insidious feature is that they will bring your trading account to zero even faster if approached incorrectly. How to make money on binary options and the real prospects of making money on them we will discuss in this article.

Binary options – a scam Or an ingenious money-making tool?

To begin with, let’s deal with the main question that interests all readers – are binary options a highly profitable financial tool or another global hoax?

Binary options appeared in 1998 at the Chicago Board Options Exchange and started to be used as a separate type of exchange trading. Originally, only large corporate clients had access to binary options, but since 2003 traders such as you and me have got access to binary options as well. The main idea to use binary options is to make a right forecast of the future price movement direction for a certain time period and if it is confirmed, to earn up to 87% profit from the contract amount. In this case for contracts the term of their “life” can be set only 1 minute, which allows to accelerate the topic of earnings a lot. And it is an ingenious and simple scheme of earnings!

That is, Binary options are a real exchange instrumentThe most important thing is that it is used all over the world not only by private traders, but also by corporate market participants. That’s why now we are going to tell you how to earn on binary options and how to join the successful participants of the market who can’t be counted anymore. Moreover, trading is very simple in fact.

How to Earn on Binary Options

At first it may seem to you that binary options are something very complicated and that only professional traders can earn on them. But the secret of binary options is in their simplicity and accessibility. In order to make a profit, you only need to choose between two options, which means that your chances are already 50% on 50%. The trader’s job is to make a correct prediction about the future price movement from UP or DOWN directions. However, since there is stock trading, traders have already learned to increase statistics of profitable forecasts. Therefore, successful trading can be increased up to at least 70% through a good trading system. That is, it is more than enough to earn steadily.

So, the main answer to the question how to earn on binary options – is the use of special strategies in trading. Therefore, there are no secrets, as such, in option trading! You can see for yourselves that it is really easy. We will show you an example of binary options trading on the platform of the broker Binomo and a strategy based on technical indicators, which are already built into this platform.

So, on the platform. Binomo to the open chart of the asset we will apply the indicator Moving Averageas well as the indicator Bollinger. So we will create our own trading strategy, which we will use when the price comes back to the Bollinger channel, after it has been out of the channel for a while. This is what it looks like:

In the picture above, you can see that you could have made 6 trades, and each would have been profitable. And by this scheme everyone can earn!

How to earn on binary options without investment

Another important nuance is how to make money on binary options with little or no investment. Let us consider the best options to start trading on the example of the above-mentioned company Binomo. At this broker minimum deposit only $10. Having replenished the deposit for such an amount, you can start making transactions and earnings right now. Of course, to get a significant profit on such a trading account, you will first have to “warm up” with profitable transactions.

However, to do this at Binomo with the right strategy will not be difficult. And then, over time, your income will be more substantial.

In addition, just to try binary options and understand how they work, in order to make sure that it is really profitable, or vice versa – that it is not your thing, you can not refill your trading account with real money. At the broker Binomo there is an opportunity to trade with an empty deposit, because all new clients of the broker receive a gift from him 20 free dealsThe best way to start option trading without investing. And that would be the best option for beginners.