Wednesday, June 28, 2017

Can Anyone Really Make Money With Binary Option

August 27, 2012 by  
Filed under Forex FAQ & Latest Post


In today forex faq, we have a question from one of our fellow traders asking me the below question.

Can anyone really make money from trading binary option? By the way, can you elaborate what is actually binary option and how to trade it?

First of all, I will like to tell you that making money from binary option is definitely possible and will be easier. This is because there are only 2 outcomes for each trade which is UP or DOWN.

You will not have to worry about the price moving down to trigger your stop loss and then move back up. In binary option, as long as the price is one pip in your direction, you will make money.

However the money made from binary option will be limited as it does not have the leverage factor like forex trading. Therefore I will recommend all of you to try out binary option as a mean to make extra income for yourself.

As for how binary option works, I will do some explanation here in this post.

When trading binary option, you are actually predicting the outcome of the market for the next 1 hour. If you think that the price is going to move higher in the next hour, you will enter a CALL option. If you think that the price is going to move lower in the next hour, you will enter a PUT option.

As long as the price is one pip in your favor at the end of the hour, you will make a profit from it.

To find out more about binary option, you can read my blog below.

http://www.forexindicator.org/my-forex-binary-option-experience.html

As for the strategy to use in binary option, you can read my blog about the strategy below.

http://www.forexindicator.org/my-binary-option-trading-strategy.html

I hope that I have answered your question about binary option, you can also download a free guide about binary option from the broker that I am using, TradeSmarter.

Comments

2 Responses to “Can Anyone Really Make Money With Binary Option”
  1. Bernadine says:

    I was a fool to think I could make money on binary options. I still have over $2500 in an account with a company. Thr problem is, I cannot get my money back. A broker from their company lost over $1000, and now I have been told that I have to earn up to $5000 first before any consideration will be given to allowing me to get my money back. I am an aged pensioner, who believed that I was really going to have a few extra dollars to live on. I was sure sucked in, although other companies, two I lost money with, and others sent my money back. But there is one company that promised me the world, and I cannot get my money back. If anyone can help I would really appreciate it. Cheers Bernadine

    • Lee Kelvin says:

      Hi

      Do not believe those small brokerage firm as they can always promise you the world and never deliver. When trading binary option, a reliable broker is extremely important.

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!