Earning with binary options
Nowadays the possibility of earning with binary options market is discussed on the Internet in a very active way. From the one hand, there are arguments about large sums of profits of successful traders, form the other hand there are opinions that it is impossible to earn by binary options trading. Who is right? In fact, neither of them is right. Let’s try to clear up this question.
Binary option and the earning with it
If you want to get profit from something, first of all you should have an eye for it. And you should know it very well. The more you know about the subject you are working with, the higher is the possibility to get profit. It means that if you want to get profit from binary option trading, it would be nice to get knowledge about the work of the market and about the ways other people earn with it.
In fact binary option is a financial market, which unites currency market Forex, exchange platforms and primary products trading. Frankly speaking, everything is much easier. It is enough for a trader to choose a financial instrument or an asset and prognose whether the price on it rise or fall for a certain time interval. If your prognosis is right, you will get on your account profit to 80% from the lot. For example, as an asset we decided to choose currency pair EUR/USD, and closed a deal that in an hour the price would increase. The sum of the deal was 100$. If in an hour our prognosis realized, we would get on our account the sum of 180$. 100 dollars from our deal and 80 more as a reward. If the prognosis were not right, it would mean that the sum of our deal would go to a broker. Although in our time the majority of brokers give a compensation of 10-15% from the sum of the deal. Of course it’s not so good comfort, but still, it’s better than nothing.
As you see, there is nothing difficult in such kind of work; everything is rather clear and understandable. However this impression is deceptive, so it seems like that only for the first sight. If everything were so easy, there wouldn’t be so many negative comments on the Net, concerning this sphere of earnings and we shouldn’t analyze the arguments of our competitors in options market work.
Why are there negative opinions about earnings with binary options?
The first thing we would like to say that not everyone can earn in this financial market. That is the main reason of negative opinions, which you can find on the Internet. The matter is that practically all of them are based on the negative experience of the author of the opinion in the past. That is, he came, tried, couldn’t earn anything, that’s why he decided that binary options are just a scam and it is no worth wasting your time and money. More often such opinions have more emotions and less reality. And there are not so many opinions, where the author not just throws mud at everyone and everything, but also writes about things he did to have good results.
If a person forgets about his emotions, we will see that he did nothing to achieve success. He just read the advertisement and decided that he would be able to earn. But he didn’t answer the question why he should be successful and even didn’t put such a question in front of himself. The matter is that binary options as any other business, bringing profit, binary option market like any other financial market, demands certain qualities of a person. They are purposefulness, self-organization and constant desire to self-education. Without all these features it is impossible to achieve success in any sphere of human life. If you don’t have such characteristic features, you must develop them, there is no another way to success. That is why before make a decision about binary option trading, you must answer the question honestly: do I have these characteristic features? If the answer is no, and you don’t want to work on yourself, financial markets are not for you, save your money!
Earning without investments with options
There is such kind of getting the profit from binary options. But we must say, that it’s difficult to earn big money and this way is not for lazy people. To be more precise, there two ways. Let’s start with the most popular one.
After the registration in any broker, you will be offered to take part in his partner’s program. The matter is that you are offered a special registration reference. After any person register according to the given reference and invest deposit on trading account, you will get from the broker the percent from the invested sum. The percent is not big, that’s why you’ll have to work hard to get a big sum. If you don’t have a popular website, where you can locate this reference, your earning will be minimal. Of course you can spam this reference in social nets, e-mails or special forums, but the effectiveness of such spam is zero. That’s why the question should you do it – can be answered only by yourself.
The second way to earn money without investing money in binary options is that during some shares brokers offer open no deposit account. It means that after registration you will get a sum from broker on your account. As usual, this sum is not big, about 10-15$. To output it you should trade for some time and close the given by broker number of deals. If the sum after it increases, you will be let take it. You understand that you can’t earn a lot with this kind of trading, but in any case, you will understand whether this way of earning is suitable for you or not. But form the other hand, the sum of minimal deposit of brokers is not big to understand it without bonuses from brokers of binary options.
How can you win in options?
If you, having read everything above, decided firmly to try binary options trading, you should d it, everything is in your hands. But you shouldn’t forget that to earn as much as successful traders earn, you will have to work hard. The secret of successful trading is easy and difficult at the same time. You must train, work on yourself and improve yourself. If you feel such potential, you are welcome to the world of binary options – infinite field for realizing your dreams.