HOW TO MAKE MONEY ON OPTIONS
Any novice trader is looking for the most simple and convenient ways to make money. These methods include trading “binary”, as the direction of price movement is only two: up or down. Hence the name – “binary”, that is double.
But even if the trader is well prepared and learned all about binary options, it does not guarantee him a quick profit. It is more important to understand the mechanism of work. So, you can make a purchase at any time. To do this, select the currency pair, the lot, its closing time and one of the two directions of price movement. If after a selected period of time the forecast is correct, the invested money will return with a profit.
What is the benefit for the trader? First, in a small risk. The trader risks only the amount by which he purchased the lot. In other markets, in a similar situation, it is likely to lose the entire Deposit. Secondly, trading “binary” allows you to get a high income, which reaches 75% of the lot amount, and this is not the limit. When trading in the Forex market are interest – a real rarity.
There is another factor in favor of the decision to make it on options. This factor is time. If the trader does not want to wait, he can indicate that the lot closes in a few minutes. However, it should be understood that short deadlines mean more risk. In addition, the game for a long time promises great profits.
In order to earn on options, you must also choose a strategy. Trading strategy allows you to analyze the price movement. In this case, the trader does not guess, namely predicts the behavior of the price. This greatly increases his chances of a high return on trades.
Before trading options will become a permanent income, the trader will have to fill a lot of bumps. Many mistakes can be avoided, if before active game to devote time learning. There are a lot of training materials in the network, and in different forms: books, articles, video lessons, seminars from experts. However, the theory theory, but in practice it still will not replace. You can practice using a demo account. This account is replenished with virtual money. The rest is trading in real markets according to the same rules. Training helps beginners find their strategy without losing real money. By the way, learning to lose money is also important.
A stable result is possible only if you devote at least a couple of hours a day to training and thoughtful market analysis. One way or another, each trader eventually finds a balance between the expected income and the time he is ready to devote to this occupation.