The whole truth about binary options trading that you might not know

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Contents

The Worst And The Best Times To Trade Binary Options

Many binary brokers like to advertise the fact that you can trade binary options round the clock. You can trade 24/7 on our platform, they will often claim.

But of course just because such a possibility exists no one should ever be tempted to try it.

If you’re a scrupulous trader and you try to follow and trade the markets using technical and/or fundamental analysis, you will eventually come to an inevitable conclusion that markets shouldn’t be traded round the clock.

You will realize that there are certain times when it is easier to trade binary options or Forex, just as there are certain times when trading activity should be suspended.

The worst time to trade binary options

Let us first focus on times when we shouldn’t continue to trade. In binary options it’s more important to know when not to trade because losses exceed your winnings with most options.

So when is the worst time to trade binary options (or Forex or any other market for that matter)?

The worst time to trade binary options is right after a winning trade.

The main reason for this is because when we win we get a temporary high feeling from the winning trade, a ‘rush’ that obscures our cognitive senses and we tend to believe in upcoming good trading opportunities a lot easier. This is scientifically proven and there are numerous studies on this subject.

When we win, the brain releases a hormone called dopamine which basically makes us feel very good. The problem is that the as soon as that ‘dopamine high’ starts to diminish, the brain seeks opportunities to get another boost of dopamine.

We are then much more likely to see good trading opportunities in the charts or price action and trade on them quickly.

Chasing winnings is binary options can drain your account very quickly. The best solution to control this type of behavior is to follow your trading plan and remain in control.

Tip! Often the best method is to simply walk away from your computer and cool off for a couple of minutes.

The worst time to trade binary options is right after a losing trade.

Similarly, but for different reasons, one of the worst times to trade binary options is after you’ve just lost a trade. The reason for this is that in such a situation we feel a powerful urge to make up for the losses.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

This pressure to recover our losses can also cloud our judgment when it’s most needed. As a result most traders rush into another trade.

If this isn’t bad enough many binary option traders make the big mistake of trading a higher amount in the next trade to cover the initial loss. Needless to say, this type of habit often leads to even bigger losses.

Tip! Again, one of the most effective methods to deal with losses is to keep calm, walk away from your trading station and have a glass of water and take a few deep breaths. Some traders like to do push ups or other quick physical activity to drain their body from the built up tension.

Trading when markets are inactive or sideways.

Trading binary options when markets are not very active may also be quite risky. The main reason for this is that the price action of underlying assets is less predictable without the presence of big influences and clear trends.

This largely depends on your strategy and your chosen options but generally if you’re trading lower time frames it is advised not to trade when market activity is low and trends can not be clearly defined.

Sideways market is often characterized by small candles moving within a narrow sideways channel. They reflect indecision among investors and often also show the absence of market movers.

Tip! The most active market exchange is during the London/New York overlap sessions.

Trading during news announcements and economic releases.

Certain news and the publication of economic data, such as Unemployment rates or Interest rates can cause prices of relevant assets to shift quite suddenly.

Many binary option traders have lost because they traded during such influential announcements.

Unless you’re a dedicated news trader and your strategy is based on the impact of news, it’s best to close your trades before any major news releases. To find out the times of of the most influential releases take a look at our economic calendar page.

Tip! Many traders like to trade after a big release when a new trend has been established and it is confirmed by the price action and trend lines.

The Best Time To Trade Binary Options

Now that we have looked at the worst times to trade binary options let’s examine when it is the best time to risk your hard-earned money on trades.

As it was mentioned earlier that one should not trade binary options during a sideways market, it makes sense the opposite would be true.

In fact, one of the best times to trade short term binary options is during a trending market. This means that trend can be clearly defined, it may be going up or down in a nice channel.

Of course, how you trade the price action within a trending channel is up to an individual trader and his or her own trading strategy.

Tip! However, it should be mentioned that generally speaking trading with the trend is a lot easier than trading trend reversals.

Markets are trending when market makers are trading, this usually falls during the busiest market sessions, the London and New York. It is no coincidence that many professional binary option traders trade live during the London/New York overlap sessions.

However this also depends on the trading strategy, the traded assets and your physical location. If you’re in Asia you might prefer to trade during the Asian sessions.

If you are not familiar with technical analysis or don;t have the time to look at the charts and analyse them, you can subscribe to a professional signalling service that will help you find better trading opportunities much easier.

Best time to trade is when you’re alert, calm, and well rested.

If you intend to trade binary options you should never do it when you’re desperate for money, feeling down, or if you’re frustrated, tense, and tired.

In order to beat your broker’s odds and win at binary options you need to be well rested.

Tiredness will make you miss many good opportunities and you will be unable to think clearly.

Trading is not a game. It is all about calculating probability and you can not do that when your mind is not fully alert. Your mind is the best trading tool you will ever have at your disposal so it needs to be cared for very well.

Likewise, one should only be trading binary options with a calm mind.

The right psychology is very important in trading.

A stressed mentality will result in mistakes and and tangible losses. This in turn will produce even more stress and may lead to even more trading errors.

So the best time to trade binary options is when your mind is calm and your body well rested. It’s when you are positive about your trading and you are clearly focused on accomplishing your goals.

Tip! Many traders take on Yoga and/or meditation practices that help to calm and control the mind and body. Before each trading session some may also find helpful listening to inspirational and motivational speeches or music to get into the right mindset.

Few final words

We hope this article helped to shed some light on the worst and the best times to trade binary options. Please note that times when to trade and when to avoid trading should be clearly outlined in your trading strategy and trading plan.

Please leave your comments below and share your advice and experience.

What You Need To Know About Binary Options Outside the U.S

What Do You Need To Know About Binary Options Outside the U.S?

Binary options let traders profit from price fluctuations in multiple global markets, but it’s important to understand the risks and rewards of these controversial and often-misunderstood financial instruments. Binary options bear little resemblance to traditional options, featuring different payouts, fees, and risks, as well as a unique liquidity structure and investment process.

Binary options traded outside the U.S. are also structured differently than those available on U.S. exchanges. They offer a viable alternative when speculating or hedging but only if the trader fully understands the two potential and opposing outcomes.

The Financial Industry Regulatory Authority (FINRA) summed up regulator skepticism about these exotic instruments, advising investors “to be particularly wary of non-U.S. companies that offer binary options trading platforms. These include trading applications with names that often imply an easy path to riches.” 

Key Takeaways

  • Binary options have a clear expiration date, time, and strike price.
  • Traders profit from price fluctuations in multiple global markets using binary options, though those traded outside the U.S. are structured differently than those available on U.S. exchanges.
  • Non-U.S. binary options typically have a fixed payout and risk, and are offered by individual brokers rather than directly on an exchange.
  • While typical high-low binary options are the most common type of binary option, international brokers typically offer several other types of binaries as well.

Binary options outside the U.S. are an alternative for speculating or hedging but come with advantages and disadvantages. The positives include a known risk and reward, no commissions, innumerable strike prices, and expiry dates. Negatives include non-ownership of the traded asset, little regulatory oversight, and a winning payout that is usually less than the loss on losing trades.

Understanding Binary Options Outside the U.S

What Are Binary Options?

Binary options are deceptively simple to understand, making them a popular choice for low-skilled traders. The most commonly traded instrument is a high-low or fixed-return option that provides access to stocks, indices, commodities, and foreign exchange.

These options have a clearly stated expiration date, time, and strike price. If a trader wagers correctly on the market’s direction and price at the time of expiration, they are paid a fixed return regardless of how much the instrument has moved since the transaction, while an incorrect wager loses the original investment.

The binary options trader buys a call when bullish on a stock, index, commodity, or currency pair, or a put on those instruments when bearish. For a call to make money, the market must trade above the strike price at the expiration time. For a put to make money, the market must trade below the strike price at the expiration time.

The broker discloses the strike price, expiration date, payout, and risk when the trade is first established. For most high-low binary options traded outside the U.S., the strike price is the current price or rate of the underlying financial product. Therefore, the trader is wagering whether the price on the expiration date will be higher or lower than the current price.

Binary Options Outside the US

Foreign Versus U.S. Binary Options

Non-U.S. binary options typically have a fixed payout and risk and are offered by individual brokers rather than directly on an exchange. These brokers profit from the difference between what they pay out on winning trades and what they collect on losing trades. While there are exceptions, these instruments are supposed to be held until expiration in an “all-or-nothing” payout structure.

Foreign brokers are not legally allowed to solicit U.S. residents unless registered with a U.S. regulatory body such as the Securities and Exchange Commission (SEC) or Commodities Futures Trading Commission (CFTC).

The Chicago Board Options Exchange (CBOE) began listing binary options for U.S. residents in 2008.   The SEC regulates the CBOE, which offers investors increased protection compared to over-the-counter markets. Chicago-based Nadex also runs a binary options exchange for U.S. residents, subject to oversight by the CFTC.

These options can be traded at any time, with the rate fluctuating between one and 100, based on the current probability of the position finishing in or out of the money. There is full transparency at all times and the trader can take the profit or loss they see on their screen prior to expiration.

They can also enter as the rate fluctuates, taking advantage of varying risk-to-reward scenarios, or hold until expiration and close the position with the maximum gain or loss documented at the time of entry. Each trade requires a willing buyer and seller because U.S. binary options trade through an exchange, which makes money through a fee that matches counter-parties.

High-Low Binary Option Example

Your analysis indicates the Standard & Poor’s 500 index will rally for the rest of the trading day and you to buy an index call option. It’s currently trading at 1,800 so you’re wagering the index’s price at expiration will be above that number. Since binary options are available for many time frames—from minutes to months away—you choose an expiration time or date that supports your analysis.

You choose an option that expires in 30 minutes, paying out 70% plus your original stake if the S&P 500 is above 1,800 at that time or you lose the entire stake if the S&P 500 is below 1,800. Minimum and maximum investments vary from broker to broker.

Say you invest $100 in the call that expires in 30 minutes. The S&P 500 price at expiration determines whether you make or lose money. The price at expiration may be the last quoted price, or the (bid + ask)/2. Each binary options broker outlines their own expiration price rules.

In this case, assume the last quote on the S&P 500 before expiration was 1,802. Therefore, you make a $70 profit (or 70% of $100) and maintain your original $100 investment. If the price finished below 1,800, you would lose your original $100 investment.

If the price expires exactly on the strike price, it is common for the trader to receive her/his money back with no profit or loss, although brokers may have different rules. The profit and/or original investment is automatically added to the trader’s account when the position is closed.

Other Types of Binary Options

The example above is for a typical high-low binary option—the most common type of binary option—outside the U.S. International brokers will typically offer several other types of binaries as well.

These include “one-touch” options, where the traded instrument needs to touch the strike price just once before expiration to make money. There is a target above and below the current price, so traders can pick which target they believe will be hit before the expiration date/time.

Meanwhile, a “range” binary option allows traders to select a price range the asset will trade within until expiration. A payout is received if price stays within the range, while the investment is lost if it exits the range.

As competition in the binary options space heats up, brokers are offering additional products that boast 50% to 500% payouts. While product structures and requirements may change, the risk and reward is always known at the trade’s outset, allowing the trader to potentially make more on a position than they lose. Of course, an option offering a 500% payout will be structured in such a way that the probability of winning the payout is very low.

Unlike their U.S. counterparts, some foreign brokers allow traders to exit positions before expiration, but most do not. Exiting a trade before expiration typically results in a lower payout (specified by broker) or small loss, but the trader won’t lose their entire investment.

The Upside and Downside

Risk and reward are known in advance, offering a major advantage. There are only two outcomes: win a fixed amount or lose a fixed amount, and there are generally no commissions or fees. They’re simple to use and there’s only one decision to make: Is the underlying asset going up or down?

In addition, there are also no liquidity concerns because the trader doesn’t own the underlying asset and brokers can offer innumerable strike prices and expiration times/dates, which is an attractive feature. The trader can also access multiple asset classes anytime a market is open somewhere in the world.

On the downside, the reward is always less than the risk when playing high-low binary options. As a result, the trader must be right a high percentage of the time to cover inevitable losses.

While payout and risk fluctuate from broker to broker and instrument to instrument, one thing remains constant: losing trades cost the trader more than they can make on winning trades. Other types of binary options may provide payouts where the reward is potentially greater than the risk but the percentage of winning trades will be lower.

Anyoption Review

Anyoption is a veteran in the binary options industry. This broker has been around since 2008 and offers now days more than 200 trading assets. Anyoption enjoys a reputation of a solid and transparent broker which offers excellent guidance to their traders. They really care how their traders manage with their trading and are more than willing to help with any questions that comes into mind. So stop wasting time and open an account and start trading with one of the best brokers available.

Anyoption in a Nutshell:

  • Broker: AnyOption
  • Platform: AnyOption
  • Founded: 2008
  • Bonus: 50% to 100% depends on deposit amount
  • Return/Refund: 65-85%/0-25%
  • Number of Assets: +100
  • Regulated: CySEC, FSA
  • Education Center: Videos
  • Demo Account. Yes
  • Mobile Trading: Yes
  • Minimun Deposit: $200

Anyoption has been around for a long and treats their traders well

How Binary Option Robot Can Change Your Life? Check This Out!

Is Anyoption a Trustworthy or a Scam Broker? Important Information Don’t Invest Before You Read Our Full Expert Investigation!

How to Make Money with Binary Option Robot

Top Binary Option Robots in Ukraine

Claim your free binary option robot, get started with three easy steps:

  • Name of Robot
  • Min. Investment
  • Min. Deposit
  • Rating
  • 1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.

    2. The Binary Option Robot Will Predict the Price Movement

    Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.

    3. Decide on how much you want to Invest

    Then you need to decide how much you want to invest in the commodity and when that investment will expire.

    4. Collect your Earnings

    Finally, you collect your earnings (the good part!)

    Open a free account to Anyoption by clicking the button below and get an exclusive 50% (deposit $ 300 or more) or 100% (deposit $600 or more) deposit bonus. Only limited time!

    Features of the Broker site

    AnyOption slogan is “anyone can trade” which tells that they will make their best effort to support their traders. Unfortunately US Brokers cannot trade with them because there are regulated by CySEC and FSA and therefore they cannot accepts US traders anymore. If you are one we recommend you to get familiar with our US friendly brokers in the right sidebar and reading the following articles: Automated trading software. There are two sides being regulated and each involve it’s pros and cons. Even if they are not able to have US customers this regulation makes them a trustworthy broker as that license is not given to every broker on the market but only a trustworthy and stable one.

    Bonuses and Account types

    Anyoption has this strange policy that they don’t reveal their bonus deals in their site. Thus they will give bonuses to the initial deposits of traders. Those bonuses vary between 25% to 100% and the more the deposit is the more is the bonus on top of that. But as an our reader you will get 50% first deposit bonus if you deposit $300 or more and 100% bonus if you deposit $600 or more. To get these bonuses, you have to open an account to Anyoption by clicking “Open Free Acount” button anywhere from this site.

    The same policy continues with their VIP programs as they won’t reveal any information about those and are more to case basis and negotiable when the initial deposit is about to take place.

    Minimum depositt is $200 and maximum is as high as $20,000.

    Demo Account

    Anyoption offers demo account to their customers to get experience in trading. Our recommendation is that those demo accounts are useful for a day or two to gather some experience but after that it would be better to start trading with real money account. This is due to the fact that if there is no risk involved people behave differently and might learn behavior that is not successful when trading with real assets. In a day or two a trader can test the different option types on the platform and get some knowledge of the features. After that there is no use for investing with the demo account.

    Platform features and Maximum payout

    Anyoption offers payout from 65% to 85% which is average among the brokers. In top of that when trades are not profitable there is a possibility of getting a refund between 0-25%. This compensates the total payout of winning and losing trades.

    Anyoption has developed their own platform to compete with other brokers. It supports such features as early close, one touch options, high/low options and option builder.

    Early close makes possible to cut the losing trade before the expiry time comes and make it therefore less harmful. Early close is well applied when the trader is certain that this particular trade will not end up in the money and therefore cuts it before expiry. In this way trader will get some of the invested money back instead of losing it all. This is highly useful way of minimizing the losses when some trades are not going as planned.

    The platform itself is very simple to use and clean design makes it fast to adapt. For one touch options there is a special feature that makes it possible to trade during the weekends for this option type. This is something that is not offered by almost binary option broker site.

    How to trade with Anyoption

    Trading possibilities are wide with Anyoption platform. Expiry times vary between minutes to weeks and longer. Trader can flexibly choose the best expiry to support his trading strategy.

    There are plenty of option types to choose from the regular high/low options, one touch, and by option builder to adjust traders own portfolio as he wants. Asset selection of Anyoption is one of the largest including more than 200 tradable assets. There are roughly 100 stock options to choose the ones to trade to.

    Those are mostly well known brands from different industries across the globe Then there are approximately 15 currency pairs to speculate with. Most common currencies such as EUR, USD, GBP, JPY, NOK, RUB are included and combinations of those. Commodities list include gold, silver, oil and natural gas.

    There are also 30 different indices from the major stock markets from United States, Europe, Asia Pacific and Middle East.For example Dow Jones, NASDAQ, S&P 500 and future to mention a few.

    Binary 0-100 offers profits even up to 1000%

    Option types and expiry times

    Anyoption has chosen to utilize their own platform which seems to be very solid choice. With his platform Anyoption is able to provide regular options, pairs, long term, and 60 seconds options. There is pretty much something for every situation and for every need whether is quick profits or a longer investment.

    Expiry times overall cover the whole range of different durations. As the regular options offer duration between couple of minutes to the rest of the day, the sixty second and long term options fulfill the both ends of the spectrum. Sixty second options actually have 30, 60 and 120 second options types and the long term options vary between one day to several weeks and months up to over a year of duration.

    Binary 0-100 option type offers up to 1000% payouts which is extremely high by industry standards.

    Anyoption has several beginner courses related to binary option trading

    Educational material and tools

    Anyoption offers several articles about trading and and 5 ebooks related to topic of successful trades and tips for trading. There are also trading guides to beginners, video courses to both beginners and for advanced traders. In each category there are 7-8 video which present the topic in a clear and simple way that anyone can understand it.

    Anyoption also offers courses to its products, the different option types and how to make the best out of those in the market. These are very useful information to all traders and if you are not familiar with those products we strongly recommend watching those videos.

    Anyoption also has advanced courses for advanced traders

    For beginner there are such courses as global trading, binary options advantages, trading as an art form, change and risk, are you an emotional trader and distribution of risk.

    For advanced traders there are video courses like passive trading 5/15 rule, aggressive trading 10/30 rule, market analysis, trends, support and resistance, shooting star harami pattern, enguilfing, downside gap three and breakaway 3 white soldiers.

    Anyoption also provides product tutorials for the option types. Courses are binaryoptions, option+, binary 0-100, bitcoin, one touch and then some examples.

    If you feel that automated trading is more suitable option for you than investing yourself we recommend to trying binary option robot which will help to manage trading and can actually trade by itself profitably. The best binary options robot, The Real Robot helps you to trade more even when you cannot access to computer or do not have time to make trades manually. Open a free account now and let the robot make money for you.

    There are also other recommended free auto traders exclusively to our readers, such as:

    Mobile trading

    Anyoption has developed excellent mobile version of the trading platform. It is accessible from anywhere and with that application trader can manage his trades while not in the near of computer. Mobile version is accessible through the App Store and Google Play and requires only the login information which must be done before. Which is easy to create through the links of this site.

    Anyoption has courses about their binary options which help new traders to understand how to utilize those in the best way.

    Is Anyoption a scam or a proper broker?

    Being regulated as was stated at the beginning of this review, we could surely make conclusion that this broker is not a scam because the process of getting regulated and licensed is strictly formal. CySEC will not give that license to any firm just out of the woods. Anyoption supports to their traders by offering a lot of free educational material, which confirms tht they are not a scam but honest and trustworthy broker site.

    Customer service replies fast and goes straight to the point. Live chat replies in a matter of seconds and is therefore my preferred contact method. Also the support email answer in topics that are not that urgent in that point. There is also direct phone line from Monday to Friday which helps if any problems occur or information is needed.

    Banking options are numerous and most widely used credit card are accepted such as: Mastercard, Maestro, and VISA, bank wire, Skrill, CashU, UkAsh, POLI, Sofort. Withdrawals can be made through wire transfer and credit cards. Typically those take 2-5 days until the money transfer is completed to receivers account.

    Conclusion

    Anyoption offers to it’s traders detailed and straightforward trading experience. Smooth platform is comfortable to operate with and provides all the necessary features to divide risk and to trade as profitably as possible. Anyoption offers great opportunity to build a successful portfolio with their platform and with their great educational material. Licensed by CySec only proves that they are in the business to stay. Definitely our recommended broker for trading with binary options.

    Overall review we will give Anyoption 4,8 stars out of 5 as binary options broker site. [yasr_overall_rating]

    Open an account to start trading with Anyoption right away and don’t miss any more changes to make a fortune!

    The opinion of experts about binary options — all the truth

    You still doubt that you can earn with binary options? Then listen to the experts, who earn money in this market. Believe me, these are the real reviews of Investlb.com readers. We do not promote a specific broker, the platform or any paid services. We want to convince you that it is really possible to earn. And let it will take several months of training, each one has the opportunity to earn.

    • Please read the opinions of experts and then make conclusions. Voice your opinion in the comments, please share them with our readers. Ask questions.

    Binary options: fraud or the possibility to earn? The opinion of experts

    1. Oleg. Private trader, an expert with experience of more than 2 years

    “Like many people, I considered that binary options is fraud. I was interested in these questions:

    • how the profit is generated. Because options are only a forecast, the revenue is paid by the broker;
    • why there are so many strategies on the Internet, but so few successful investors;
    • what is the guarantee of withdrawal.

    When working in a Bank, we often discussed the possibility of additional earnings, and at some moment there was a sense of excitement. I watched the video training, chose the well-known broker and… Literally in 3 days I lost the entire deposit on a demo account. I even took advantage of the free signals of broker to open trade. And this moment made me think that options trading is a kind of art that can give new emotions and money.

    This case made me rethink the binary options. I reviewed dozens of videos with strategies, learned how to do diaries, dealing with liquidity providers and market makers, have studied the formula of technical tools, I began to understand the world economy. Only then I felt that I actually got a new profession. Now options for me is 50% of all my earnings. My advice for beginners is never too late to start. You only need to have desire and believe in success, perseverance and patience.”

    2. Vladislav, manager of investment accounts in Forex, specialist with 13 years of experience

    “Sorry for being rude, but the opinion that options are for suckers, I believe only suckers’ opinion! In the world of thousands of traders, dozens of exchanges, there is a billion annual turnover and the industry with history of more than a century. It physically can’t be a fraud. When a novice makes several attempts, makes a mistake and gives up — he just doesn’t want to work. But it is not the fault of the broker or industry. Those who want to become a professional, tips:

    • first time is always difficult. Don’t give up in case of losses. Everyone has them;
    • the price of your experience gained in options is the price of your time spent on training. Believe me, it pays off;

    watch the video of famous traders, but take everything with a grain of salt. Communicate on forums where they can express their opinion.”

    3. Sergey, the novice trader

    “Every person has the opportunity to earn on the options, but only 10% use it, the other 90% prefer to give up. But even the remaining 10% are afraid to make real financial stake. Since I opened demo trading account it took 3.5 months before I dared once to do a real forecast for $ 3. Demo and real is totally different feeling. A renowned expert expressed the opinion that the new experience is worth to get just for the sake of new emotions. Emotions are our life. My opinion — you need not to be afraid to try. Hundreds of people get profit and withdraw money, I managed too. Believe in yourself!”

    Alexandra, private trader, a specialist with experience of 1 year

    “I never thought that binary options trading would become my main job. It all started with the fact that one of my friends suggested that I write a review of an economic article about the impact on quotes of the quarterly reports from companies. I’m an economist by education, worked in the enterprise. I wrote it. And it turned out so convincing that I found it so easy to earn money on predictions! I opened a demo account with the first broker and my predictions turned out to be successful.

    To celebrate, I decided to fund my account $ 10 (not so much), made a prediction and was wrong. Made the forecast again and it was wrong as well. It has been almost a year since the first prediction and I came to the following conclusions:

    • it is not enough to know only one direction of the economy. You need to understand the reports, interest rates, watch out the correlated markets;
    • it is important to be able to restrain yourself psychologically. Don’t give up when setbacks happen and don’t become too smug when you win;
    • from a demo to a live account — minimum 6 months of experience.

    For all who dare to plunge into this work, I sincerely wish good luck!”

    5. Victor, a professional investor and a trader with experience of more than 15 years

    “Before you tell that binary options is a fraud, ask yourself, what do you know about it and what you can do. You have already earned at least 100% of the initial deposit on a demo account? Have you worked with demo accounts of at least 3-5 brokerage companies? How much do you know about technical indicators and how to work with them? If not, then how can you judge what you don’t understand. And if you are ready to try yourself in binary options, then listen to my advice:

    • study the theory and practice on a demo account. If you get the performance of at least 80%, it will talk about a good base;
    • communicate in the forums. There are real cool traders who have a lot to tell;
    • signals, social trading, etc. — all these beautiful words for beginners. Nothing easy there. Noone will make money for you.

    People earn on the options, but it’s the same profession, as a mechanic, plasterer, driver. At first it is difficult, then it becomes easier. And if you think that the broker won’t let to withdraw money, you are mistaken. He would not have built up such a large system of trade to get hold of 10 dollars.”

    Summary. I think you noticed that experts are almost unanimous. Binary options is not a fraud, but not an easy money as many people think. For some people it is an extra money for someone — main profession. Here you can get big profit but you can lose it all. The view that options trading is for suckers, give those who have not invested in this job any time or effort and got the loss. To become a professional you need more than a year of training on a demo account, ongoing training, error analysis, selection of strategies and much more.

    Best Binary Options Brokers 2020:
    • Binarium
      Binarium

      The Best Binary Options Broker 2020!
      Perfect For Beginners and Middle-Leveled Traders!
      Free Demo Account!
      Free Trading Education!
      Get Your Sign-Up Bonus Now!

    • Binomo
      Binomo

      Good Broker For Experienced Traders!

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