Earning on the Internet is devoted to many articles and various reviews. This is not surprising, because many are interested in the opportunity, without leaving home, to start making good money. Some even believe that by reading such articles, you can quickly learn and receive large amounts of money. Therefore, the question of how to work with binary options never loses its relevance.
In order to clarify the situation a bit and talk about such a form of earnings as trading on the stock exchange (or rather, working with options), we offer this article.
Earnings on trading
Let's start with the general category - work on the currency exchange. An average citizen who knows how to use the Internet must have heard that you can make good money by trading currencies (stocks, securities, and so on). Perhaps he even repeatedly heard the stories of those who managed to hit the jackpot and succeed simply by trading currency. Accordingly, we all associate trading with something profitable, profitable, perhaps even incredibly successful.
There is another side to the coin - the offer to engage in currency trading, which is made to us by numerous broker companies. In particular, this is a mass of advertising that, having started working with them, you will change your life for the better. In fact, there are a lot of options for how such an offer is made to us - just go outside and see for yourself. Advertising boards, signs in the subway, media rollers on television - all this convinces us that by trying to trade currency, we will achieve success. We are talking about binary options. Is it really so?
The concept of binary options
For those who may not have heard of such a term, it is necessary to clarify its meaning, so that we initially orient ourselves, which is what we are talking about. So, binary options are a financial instrument, a transaction that is based on where the further movement of the currency pair or the shares of a company will take place. Say, if the real binary options chart starts to grow up, then the transaction aimed at higher prices is justified, and its participant receives a certain income. Accordingly, and vice versa: if in fact there is a drop in the line on the chart, it means cheaper and the option is not justified.
More clearly, it looks like this. You have two buttons: “Growth” and “Fall”; with their help, you must predict how in the future there will be a change in the value of the currency, stock, and so on. You indicate, for example, that the latter will grow and press "Growth", after which you wait for the option to expire (it varies from 30 seconds to a week). If at the time the transaction was closed, the currency pair really showed the movement that was predicted, the trader gets his money.
In general, it is very simple (binary options). The reviews (real ones, from beginners who are just creating their accounts on the trading floors) show that it is because of this simplicity that people begin to work here. It may seem to everyone that he will be able to easily and simply guess where the price will move, due to which he will make a fortune.
Income
Many users are interested in how much they can profit from trading if their forecast turns out to be true. They need to know how much they will earn if they conduct the correct analysis of binary options. We answer: it all depends on the platform on which you work, and the conditions that operate there. On average, a trader in the market receives from 60 to 85 percent for each successful transaction. That is, you can guess or not guess in the ratio of “50 to 50”, while the profit can ultimately reach, say, 75% of the initial investment. Of course, your contribution is also returned, so it will be a "net" profit.
As for the specific figures showing how much you can earn as much as possible, it makes no sense to call them, since it all depends on the level of your investments. Many offices limit the ability to replenish the account by more than 20 thousand dollars. This is done, obviously, so that you do not accidentally win, putting, for example, a million. On the other hand, even for these 20 thousand you can quite successfully trade, receiving daily profit at the level of a thousand dollars. Another question is whether you succeed, if you do not lose your investment at the initial stage.
How to start?
Many people want to try first hand what binary options are. The reviews (real from the newcomers who have just learned about this financial instrument) indicate that many start their trading in the first hours after reading some motivating articles and watching commercials. People literally catch on with the idea that they have the opportunity to start with such simple financial instruments. And all that remains for them to do is create an account, replenish it with a certain amount of funds and begin to “forecast”.
Another thing is that many of these people lose their deposits quickly enough, probably in the first day of trading. Then they understand what binary options really are, how frivolously they reacted to such an occupation as trading.
No, you don’t think, of course, there are people who manage to make money in this area, and on a regular basis. Perhaps these are simply successful specialists in the financial market who know some better binary options strategy that is not available to us, ordinary people. Or another option - perhaps such people just guess using their luck.
Be that as it may, but according to statistics, most of those who try their hand in this area lose their deposits. Sometimes even a lot of money goes to a trading broker.
Training
So, if you really want to start working here, you need to go a different path. Yes, the first thing you need to create an account is, but it is better if it is binary options with a demo account. Get yourself such an account - and you will be given the opportunity to practice in virtual currency, which is not a pity to lose. Let's say you are provided with a trading account with all the real tools for trading, as well as a certain balance on which a certain number of virtual “chips” are located, as they are called. That's all, now your first task is to figure out how the cabinet is arranged, what opportunities are provided to the user, which means this or that detail in its interface. The second is to begin to acquire knowledge and skills that relate directly to the trading process. For example, you should be interested in the best binary options strategy and its search; finding some kind of universal approach to how to determine the further movement of the value of instruments, and so on. All this you need to comprehend in the learning process - both through trading in demo mode, and with the help of specialized literature and other educational materials.
Platforms
You should not worry about where to trade. Today, there are many companies that provide mediation services in the option trading process. The difference lies in their conditions, income rates, options for choosing a currency to replenish, and other similar nuances. You can find more than one list of binary options brokers, which include, for example, IQOption, GoOptions, FMTrader, UTrader, DragonOptions, CherryTrade and others. Each of the companies provides its users with different conditions. For example, on the very first site, - IQOption, - the minimum deposit (the amount of funds with which you would like to start working) is only 10 dollars; while FMTrader has the same “minimum allowable contribution” equal to $ 250. This is just one of the conditions, which, as we understand it, changes significantly depending on which company you are working with. There are also such conditions as the income rate, methods of depositing and withdrawing funds, the availability of bonuses, the opportunity to receive quality support, and more.
Reviews
Choosing a trading platform on which you will register is necessary with all responsibility. You need to consider different factors. True, the most significant for many is the minimum deposit amount, since it is it that determines that “entry threshold” for many traders who are mastering what binary options are. The reviews (real, from beginners), again show that most people are interested in companies that allow replenishment of 10-20-dollar contributions, which are not so hard to afford. They, of course, are less sorry to lose, which is why people are at increased risk. I would like to note that such tactics are not justified, since there is no difference how much to lose. Both $ 10 and $ 250 are money allocated for the experiment, for a risky operation. Speaking purely from the point of view of the principle, the lost funds are those regardless of their size. Therefore, even 10 dollars should be taken more seriously.
Trading strategies, robots, advisers
Today you can find a lot of information on how to facilitate the trading of options. In general, having read such information, it is difficult to imagine clearly what binary options really are: a real financial instrument, amenable to analytics, or a casino in which you need to “guess”. After all, some people really rely on the second. This can be understood even by the most common trading strategies presented on the Internet. In particular, there is a Martingale technique - a method used in gambling. It consists in betting on one position (only “black”, or, in the case of options, only “Growth”), doubling your contribution until this category actually falls out. According to all mathematical calculations, the person conducting such an activity needs a large bank - after all, it is not known exactly when he comes across what he was betting on; and to constantly double the fee you need money. True, such a “strategy” (if one can call it that) does not always work. Brokers who provide such a tool as binary options (real reviews, from beginners, at least, testify to this), know about such a trading system, therefore they have developed a lot of tools to prevent such a trader’s enrichment. This may be a system for tracking the actions of the player, which will track such traders.
Another system is betting on the “opposite” outcome. For example, you put on a rise in price, but saw that the currency is rapidly falling. In order to somehow reduce your losses, put on a cheaper price and wait. Thus, you will at least lose less due to the principle that your losses will be approximately equivalent to the income from the fact that the currency (or stock) began to move in the opposite direction. However, even if we assume that your profit and loss will be the same, do not forget about those 30-40% that the platform takes. They will not let “go to zero” in any case.
An alternative is the so-called “robot” for binary options. In essence, we are talking about various programs and scripts that perform various functions, for example, analysis, calculation, forecasting and others. For some reason, users believe that by launching such a program, they will be able to earn millions. Some, however, are ready to buy a robot for binary options, which would help them make a profit on the machine. But, again, if there are any working solutions, it is unlikely that anyone will sell them to you. As for free robots, it is probably better not to have business with them.
Today, there are many books that describe other strategies. Everyone can read about them more and gain some additional benefit for themselves. The main thing is to try to learn more about the theory. In parallel, we recommend that you look at the behavior of the binary options chart in real time and try to make some kind of forecasts in this way. It should be noted right away that they will not believe in you and your success right away, perhaps even during the training process your loved ones will try to dissuade you. And do not forget to study binary options with a demo account - this is a pretty useful tool to deepen your knowledge in this topic.
And again reviews
There are many reviews and opinions about what options trading really is. There is no single point of view. Perhaps this happened for the reason that different people have their own, individual experience with this tool. There’s someone who was lucky: some people were able to lose their profits and made sure that binary options in Russia are a real tool for earning with the right approach. Some of these start blogging, explaining this to others; talks about how to start trading and what strategies should be followed. Of course, such strategic approaches do not work for everyone. There is also a category of people who just give up and abandon the idea of ​​starting to make money on trading. They may even lose their first money, after which they realize how risky binary options are.
Without registering a demo account, we do not recommend working with this financial instrument. If you treat options like roulette, then yes, you can safely replenish your account with the desired amount and start the “game”. Otherwise, if you want to really understand how to predict the market for the short term, you need to learn.
Output
So, in this article we examined the basis of what options are, how to work with them and what kind of financial instrument. As conclusions, we can say the following: the nature of this method of earning depends solely on the approach of each particular user. If you are engaged in trading, think analytically and study the influence, then you can quickly master this method of earning and, of course, derive some benefit for yourself. True, it should be understood that this was not achieved by a very large percentage of people who tried their hand at options.
And of course, there is a second approach - random work. This method is resorted to by a larger number of people studying currency trading. The results of such an attitude are appropriate.
Still, of course, we can talk about such factors as randomness and the “casino principle”. The first, obviously, is that for the short term (say, if you make deals for 30 seconds or a minute), it is very difficult to predict how the market will move. Therefore, pure luck plays a rather important role in this. The second point is the very organization of the work of some platforms. In particular, we are talking about those that do not provide their users with enough information for analysis, because of which the trader simply does not have the opportunity, using their tools, to make normal forecasts. Beware of such sites. Work exclusively with proven platforms that have all the necessary functionality and a serious knowledge base for successful trading on a regular basis.