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How do I start making money from Options trading online? I have seen some people online claiming they trade binary options for a living. kindly share your experience here. Thanks.
Alot of people lose their shirt day trading, and maybe doing binary options too. I would never risk more money than you can afford to lose, because it is far from a sure thing. I just think it is not a great way to make money honestly, but if it works for you, it works for you.
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I agree with what you've written. Binary trading is just so risky... you either make a profit or you lose it all. It's like gambling and you spin the wheel, you can be lucky and hit the jackpot or not. You really should consider the high risks behind it all, especially if you're wanting to do it for a living.
"I would never risk more money than you can afford to lose ..."
Undoubtedly, this is an excellent tip for venturing into this medium. I do not know much about this type of investment, but would like more information.
Trading in Binary Options involves risk. It is not really guaranteed that you will make a living unless you are really super lucky not to lose with the trading. In Binary Options, you just need to choose if the currency price or the commodities you are trading will go high or low in a specific period of time. Let's say for example if you are trading gold, then you choose that the price of the gold will go up in a minute of time, if after the time has lapsed and the price goes up, then you won the trading and your money will double, but if it turns otherwise, all your money will be gone. If you are a risk taker, you can try binary options.
Hello, you said one has two options in binary option.Was wondering if I trade on the same goods with the two accounts.
Example: price of gold will fall in 5mins .Second account,price of gold won't fall.
What about this logic? I don't really know anything about binary .
I am not sure about this but I guess you can only choose one direction for a certain commodities. It's either to go up or down. If you want to trade, I suggest you choose Forex. Though there is still a risk but it is more less than binary options because you can study the market trends.
Oh! I thought you trade binary. I was actually talking about using two different company's to trade on one commodity.
It really seems like a very risky model to me. I probably would not wager my money on that kind of model.
I'm going to answer your question based on experience. Binary option is a kind of investment or financial option where you come out with profit if your decision is right. For example, if you predicted the market will be bullish (price of commodity staying high) in the next 5 minutes and your prediction came out right, then you get a profit based on your stake. But if it turns out that you're wrong, you lose your stake.
Can we liken binary option to gambling? Well, not really. If you have a good edge (i.e. proper knowledge of the market to make money), then it's more likened to trading.
The main thing you should pay attention to before you delve into the world of binary options are the following points:
- Have proper knowledge of what binary option is all about: You can have the very basic of binary option by going through this link www.binarytrading.org/guide/basics/
- Know your broker: Most brokers are staking against you, so it's logical for them to make the odds be against you. Please note that this point will make you or break you, so choose wisely. I will not recommend any here but try and go through transparent reviews online.
Any other info, don't hesitate to ask me.
Note: I presently don't trade binary options but I'm very much still involve in the financial market.
Very interesting your tips. I've already thought about investing in this model, but I honestly do not think it's worth much. The risk is too high.
I tried binary options a few years back and the site was taken down. Not sure how much better, if at all it is now but I made $1,000 my first 3 days with it..Not sure how sustainable it is though.
Ohhhh are you sure, you made 1,000 Dollay in 3 days?
I really think it depends on how much you invested and how much you have to know about binary options. This may actually give you some money but still think it's not worth it to me.
Damn! Did you do a lot of research before you got into it? or you just put your money and made a lot?
Hi there thanks for your query. As per as I know trading binary base business too much risk for any type of investment. I think you know MLM or multi level business one of the top class fraud company over the world. Here my country I saw many type of binary base business company will make them hide after certain of time. You can see also binary base business like hyip (high yield investment program. Lot of hyip business still live on online and their main business method is binary system and after sometime they also going to hide there business. So, this type of all business so risky.
I should suggest to you, start freelancing base business very seriously and it may make you success for your future.
Regards by Ajlancer
Trading is always risky, either you are doing binary or Forex trading. You need to do some math about trading before you invest your precious time and money into it. You can practice with demo accounts and also keep an eye on the latest market news. You need to be updated about current prices of every stocks and currency in the market.
I have seen some of the people working into binary options and forex. But to be honest I don't think reasonable money can be earned from this. The reason being these are the type of markets where you have to add money first. And then you have to make sure that the money comes properly. It may not be that easy to sustain this market. But there are people who do it any way. So it depends on risk and your capacity.
It's actually convincing to see that you could possibly earn a lot from binary option trading, yes, but what people don't understand right away is the rule of thumb that if there is high return, there is high risk. Good things in life do not come easily and it's not true that you can get rich right away just by clicking whether to put or call on the option. It involves risk of losing great amounts of money, reading news about the company, researching information, and luck. I believe it's tough at first but I know that if you put enough effort in it, you'll be able to narrow down the risk of losing money.
Very risky, I won't try it. If you have funds, why not try CPA marketing with paid ads like Facebook, bing or Google adsword. You can get much better RIO.
I also have the same opinion. I'd rather invest my money in something safer.
I think it's true that instead of the binary options. There are other business to try. Even the CPA marketing and youtube marketing sounds reasonable. You can also make money from the ebooks and other ways. But the binary options and forex sounds way too risky these days. I can tell you that some of the time binary trading is very worst for earning money. So it comes down to what we can do with it.
Binary Options can be something done for a living if taken seriously. I have a couple of friends who are fulltime and part-time traders and are doing just fine with their winning strategies. The simple truth is that if you want live on Trading, you have to know your onions well enough. Make an in depth research before you dabble into it.
Whatever rock your boat! Life is all about 1s and 0s at the end.
I think the vast majority of people have the same opinion. I think there are very few people who can really make good money with this model.
Do you trade binary options? or Do you have people who do it well enough?
I haven't used this method to earn money yet, but I will tell you what I heard about binary options. I heard from many people that this method is a scam method, they do pay the people who earn but there is very difficult to earn money and most of your chances are to lose all the money you have.
I would not invest in binary options and I would stay away from this method!
I want to ask what exactly is Binary Options but based on the comments above it is a trading of commodities. Just take note that trading is like gambling because of the fluctuations in prices of the commodities. That is the reason why I don’t bother with Bitcoins and crypto currencies because the value is always fluctuating and I may just lose money when I invest in those commodities.