HOW TO EARN ON OPTIONS
Any novice trader is looking for the most simple and convenient ways to make money. Such methods include trading in “binary”, since there are only two directions of price movement: up or down. Hence the name – “binary”, that is, double.
But even if the trader is well prepared and learned all about binary options, this does not guarantee him a quick income. It is more important to understand the mechanism of work. So, you can make a purchase at any time. To do this, choose a currency pair, a lot, its closing time and one of two directions of price movement. If the forecast proves to be true after a selected period of time, the money invested will return with a profit.
What is the benefit for the trader? First, at low risk. The trader risks only the amount for which he purchased the lot. In other markets in a similar situation there is a chance to lose the entire deposit. Secondly, the trade in “binary” allows you to get a high income, which reaches 75% of the amount of the lot, and this is not the limit. When trading in Forex, such interest is a real rarity.
There is one more factor in favor of the decision to earn on options. This factor is time. If the trader does not want to wait, he can indicate that the lot closes after a few minutes. However, you need to understand that short deadlines mean more risk. In addition, the game for long periods promises great profits.
In order to make money 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 for a high income from transactions.
Before options trading turns into permanent earnings, the trader will have to fill a lot of cones. Many mistakes can be avoided by devoting time to training before an active game. There are a lot of educational materials in the network, and in different forms: books, articles, video lessons, seminars from experts. However, theory is theory, but it will not replace practice anyway. You can practice using a demo account. This account replenish virtual money. The rest of the trade goes on real markets by the same rules. Training helps beginners to find their strategy without losing real money. By the way, learning how to lose money is also important.
A stable result is possible only if one devotes at least a couple of hours a day to training and thoughtful analysis of the market. One way or another, every trader eventually finds a balance between the expected income and the time he is willing to devote to this activity.