Monday, April 24, 2017

Can Anyone Really Profit From Trading Binary Option

November 12, 2014 by  
Filed under Forex FAQ & Latest Post, Fx Binary Option


I bet that most of you must have heard of binary option trading but I doubt anyone of you did make money from it in the past. The problem with most binary trader is that they tend to treat it as a gamble and not a trading platform.

Most binary trader do not have a strategy that produces genuinely good winning percentage which is actually the key to profitable binary trading. Unlike forex trading where you can have a good risk reward ratio in each trade, binary option trading have risk reward of less than 1 which means that you have to win more trades in order to be profitable.

The reason why I decided to write this blog post is to share with you guys an email that I have received from one of my binary option student & forex street university student.

For those of you who are interested to learn more about binary option, you can visit my Binary Option Blog via the link below

BinaryOption1

The advantages of binary option trading is that it gives us quick profit and do not need to worry about where to place your stop loss or target profit. It is a great tool to complement those of you who are trading currency and that is why I go into it initially.

With my forex experience, I started to try out several strategies for binary option and slowly fine tune it to make more winning trades than losing trades.

In about 6 months time, I started to make consistent income from trading binary option and this income has now became my source of income for my family expenses. This allows me to keep my forex account intact so that I can grow the money in it.

Personally forex trading is a good way to grow wealth while binary option trading is a good way to make money to pay your bills. Therefore let me share with you 2 tips on how to stay profitable in trading binary option.

1) Good Winning PercentageIn order to make good profits from trading binary option, your strategy must have a good winning percentage. In fact, your strategy must have at least 70% accuracy in order for you to be able to make profits in binary trading every month.

For example, if you trade 50 trades and there are 35 winning trades and 15 losing trades, below is what you will make if you trade $200 per trade with 80% payout per winning trade.

35 x $160 = $5,600

15 x -$200 = -$3,000

Total Winning will be $2,600

Anything less than 70% will have a negative impact on your trading.

2) Stay Focus – One major problem of most binary traders is they tend to trade a lot of currency pairs at one go and this is one of the main reason for their losses. Therefore if you are currently trading binary option, I will suggest that you stick to one currency pair. For me, I only trade the EURUSD for the binary option and that is also one of the reason why I manage to make profits from trading binary option.

The above are 2 tips that I want to offer to you guys. For those of you who are still struggling in your binary option trading, you can take a look at my Binary Option Mastery Course below.

Click Here To Visit My Binary Option Blog

 

 

 

Comments

7 Responses to “Can Anyone Really Profit From Trading Binary Option”
  1. Amanda says:

    Hi Kevin,
    I have been referred to your website by a friend. I am a new to binary option trading and forex trading and i would like to learn both. My main problem though is time. I am the primary caregiver to a very challenging 16 month old boy. He requires my attention a lot of the time. I have yet to join your course but i would like to know if it is possible to use your strategies for 1-2 hours daily and still be profitable with binary options. I have tried other courses where i had to spend a large amount of time in front of the computer screen and wait for the indicators to behave in a certain way before making a trade. Using your course material is there a way i can set up the charts so that i don’t have to be sitting in front of the computer all the time? What i am looking for is really some sort of way to signal that a trading opportunity may be coming up. For example that the candle is now crossing a bollinger band. Of course this may not be the time to trade but at least i can pay attention to my son for the majority of the time at home and look at my laptop when it signals a certain condition has been met.

    Note i have not signed up for your course yet. I will sign up hopefully by the end of the week and take advantage of the free offer you have. however i would really like to know if binary is something i can profitable do for 1-2 hours a day or if there is some way to signal a trading opportunity coming up on free stock charts or mt4 platforms which is what i am currently using.

    I appreciate your time and help on this.

    Thank you.

    • Lee Kelvin says:

      Hi Amanda

      Sorry for the late reply and I am glad to see you in my blog.

      For binary option trading, there is no way you can stick to the computer whole day long. Personally I do not like that as well as it will be the same as working a day job.

      For me, I have several strategies for binary trading and therefore I will be able to get several trades within the 1 to 2 hours spent on the chart.

      I am sorry that there is no way you can do a auto trade for binary option. Trust me, all those binary signals and robots in the market do not work as binary trading is too fast.

      What those signal and robot does is to randomly generate signals for you to trade which will 100% cause you to lose all your money.

      I have used them before in the past and all of them are lousy.

      If you are interested in binary trading, you must learn to trade on your own and enter the trade manually. No one cares about your money more than you. So never put your money in other peoples trust.

      For the binary option course that I have, there are 4 strategies at the moment and they should be able to give you a decent amount of trades within that 1 to 2 hours time you are available.

      So do not worry. Do feel free to email me as and when you have any question

  2. Kathleen says:

    Hello Kelvin,

    I was excited to read and watch your videos about binary trading as I had experimented with it a few years ago. I want to take advantage of your offer to get the course for free by opening an account with your broker. However, when I tried, I got the following message:

    “Sorry, but for regulatory reasons we cannot accept residents from your country.”

    I live in the US, so it seems I cannot apply your offer. 🙁

  3. Bryan says:

    Hi Kel

    I am also a student of both your course and I will like to take this opportunity to thank you for all you have done for us.

    Your courses are great and currently I am in my second profitable months of forex demo trading using your Break The Bands Strategy and if I manage to get another months of profitable trading, I am going to trade live and it will be the first time I am making real profits from trading in my life.

    Before I join your Forex Street University Course, I lost several thousands dollars in trading and almost gave up. My friend recommended me your course and I decided to give it a try and I am glad that I did so back then.

    As for binary option, I am making 2 to 3 hundreds per month from them as I do not have much time looking at the 5 minutes chart.

    I shall email you once I made my first real profits in forex.

  4. Teddy says:

    You are indeed a good mentor. I am a student of your Forex Street University course as well as your Binary Option Mastery Course and will like to take this opportunity to thank you for coming out with these 2 valuable course.

    I am now making several hundreds more per month with your trading method as I am only trading with a small account. However I believe that I will be able to grow the account to a bigger amount one day with your strategies as all the strategies you have taught me are marvelous.

    Again, I will like to thank you for your guidance and help. You are the best mentor I have ever met.

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