How can a beginner consistently make money on binary options? Instructions with minimal risk for novice traders

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Nowadays you rarely meet a person who is not tormented by thoughts of where to earn extra money. The needs of the people are growing, and salaries are clearly not keeping up with this growth, so people are looking for ways to provide themselves with additional income. At first glance, there are a lot of such opportunities, but when you start to get acquainted with them in more detail, you often experience disappointment.

For example, why not put funds on deposit in a bank and after a while receive a more substantial amount. But upon closer examination, it turns out that bank interest barely covers inflation, and this is at best, that is, there is no income to speak of. Real estate transactions can bring good income, but you also need to invest a lot of money, which you don’t have. Well, and so on.

Making money online is a lifesaver for many. Not everything that is offered here brings good income, but there are also quite profitable options, one of which we will consider today.

Concept of binary options

A financial instrument that allows you to make money by predicting events caused by price changes in its quotes is called binary options. Among traders it is known as “all or nothing”.

A trading instrument is purchased at a fixed price that is valid at a certain time. The terms of the contract for its purchase display the positions at which the transaction will be winning. If, after the time of its action, they are fulfilled, then the market participant makes a profit. Its value is equal to the difference between the premium and the asset price.

If the market situation does not comply with the regulations of the agreement, the trader suffers losses. Their size is determined by the value of the option. The magnitude of a positive result is always less than a negative one. Some brokers include in the terms of the contract specifications a clause on compensation of the loss amount under insurance in the amount of up to 25% of the bet.

In simple terms, binary options are a contract between a broker and a trader. Its subject is a forecast regarding the behavior of asset prices over a specific time period.

A financial instrument has a life that is determined when it is purchased. The moment the contract expires is called expiration. By purchasing an option, a trader invests funds in the forecast, which is confirmed by the corresponding electronic document.

Errors when working with binary options

Everyone who actually makes a profit from binary trading claims the same thing. Earnings in this field largely depend on the correct choice of intermediary.

If you work with a secure binary options broker, then you have the guarantee that your capital is safe. This means you can easily withdraw funds to your account at any time.

But it’s not only scam projects that cause negative reviews about making money on binary options. Quite often you can find bad reviews about fairly reputable brokers on trading forums. Usually these comments belong to beginners, for whom binary options are a scam , and for the following reasons:

Beginners have studied the principle of making a deal (which is truly outrageously simple) and think that this is enough. That knowing only the order of pressing the buttons, they will be able to regularly make a profit from any binary platforms. They do not want to learn to analyze the market situation. Delve into the processes that influence price formation. And in general, earn money through hard work, perseverance, and patience.

Such lazy beginners often look for how to make money on binary options not by their own work, but with the help of third-party developments. That's why they trust their funds to analysts with dubious reputations. Author's robots without proper testing, or even worse, give money to a PAMM account manager.

The result of such laziness in most cases is disastrous. The conclusion is simple: to make money on binary options, you need knowledge. With the development of Internet technologies, obtaining knowledge online is not difficult. You can read e-books and watch video courses. And also take part in various webinars about making money on binary contracts.

Beginners move too quickly from learning to real trading. Many beginners, who have nevertheless spent time on training and gained general knowledge about market analysis, strive to start real work on binary options as quickly as possible.

Often, the reviews of these “hurries” are replete with stories about how they lost their deposit in no time. Leaving their negative reviews, they then blame anyone: a dishonest broker, an incorrectly chosen binary option, inaccurate quotes - but not themselves.

Modern reputable intermediaries provide free demo accounts to their clients. Using them you can learn in practice how to make money on binary options. And also write your own reviews about the binaries and the quality of the trading platform.

Before you write negative reviews about how you got burned making money on binary options, try to practice. In trading, using all the tools available for work. A free demo account allows you to evaluate the trader’s knowledge. As well as the quality of the trading platform, the accuracy of the selected indicators and the effectiveness of the developed strategy.

Beginners work haphazardly, enter into deals chaotically, or choose strategies that are inappropriate for themselves. The result of chaotic work inevitably becomes a quick drain of the deposit. And also as a result, negative reviews in general about binary trading.

Work on the binary options market, like on any other financial exchange, must be systematic. But when choosing this or that strategy, it is extremely important to study it to the smallest detail. Find out whether you can really make money on binary options with its help from real people.

You should also view statistics on the use of the selected trading algorithm. Chat with those who make money on binary options using this strategy and see their reviews. It is important that the chosen system is simple and understandable.

There is no need to use tactics overloaded with indicators and various rules. Moreover, you don’t need to succumb to flashy advertising and buy expensive proprietary strategies. In practice, they often turn out to be classic, well-known tactics. But with a new name and a fabulous price.

We have listed the main reasons why people doubt and wonder whether it is possible to make money on binary options, reviews confirm this. Now let’s present a list of recommendations from those who actually make money on binary options.

Types of BO

Understanding the questions of whether it is possible to make money on binary options and how to do it, it becomes clear that profit in this area can be obtained as a result of executing contracts using several schemes. Their differences lie in the specification of conditions.

Up down

The classic and most popular model is the up-down option. Its other names are “Hi-Low”, “Call-Put” or “raise-low”. The principle of making money is to indicate the direction of price movement for the selected asset and the expected time of the event. A change in quotes of just a point will bring profit to the trader if he made the correct forecast.

The classic type of options is the basis of news trading strategies. By focusing on the digital values of a published economic indicator, you can accurately predict price behavior and execute a transaction.

Range

The “Range” or “Range” contract specification is focused on price movement within the channel specified by price levels or on exiting it. The event must be realized within a certain time. When working according to this scheme, it is not necessary to correctly predict the direction of price movement. It is important to identify the flat market mood and levels beyond which the price most likely will not go in the near future. When trading in a range, you must adhere to a number of rules in order to conclude a profitable transaction. Bets must be placed in the following cases:

during the absence of publications of economic indicators;
during the Asian session;
as part of the formation of graphic figures;
when the price moves inside the channel;
with non-volatile assets;
during holidays with assets related to his state.

Touch

When purchasing an option with the terms of a “One Touch” or “One Touch” contract, a win is expected when the price reaches a specified level within a certain time. A trader needs to predict not only the direction of price movement, but also the strength of the impulse.

To complete a transaction, you need to set one or two levels on the broker’s platform, if this is allowed by its terms of cooperation. In most cases, the trader is offered ready-made prices. When they touch, the transaction will bring profit. If the direction of movement of quotes was correctly predicted, but they did not reach a specific price, then the option is considered unprofitable. It's worth noting that if its specification were "up-down" oriented, it would be profitable.

The features of One Touch that attract the attention of traders who choose them are the following factors:

good profitability;
possibility of early closure of the transaction;
automatic closing of the order after fulfillment of the contract terms.

The profitability of a transaction executed according to this scheme exceeds 100% and can reach 600%. The specific profit value depends on the broker’s conditions and on the distance of the target level from the current one.

To make money on One Touch you should choose moving assets. Profitability in flat conditions is impossible. Therefore, the main tasks of a trader are to determine the current volatility and predict the direction of movement of quotes.

Reviews of binary options brokers

We have prepared reviews of 70+ binary options brokers for you. For each company, we tried to give the most objective assessment possible. Binium does not tolerate scammers in binary trading. But, unfortunately, there are many of them now.

There are 590 reviews in the database

The_GoD about the Olymptrade broker

The platform, in my opinion, is the best that binary brokers have, not counting those companies that provide access to Tradingview or MetaTrader. Otherwise the company is not bad. I won’t say that it’s the best, but you can work and it doesn’t hurt to earn money.

08.10.2020 16:08

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Evgeny about broker Larson Holz

I wouldn’t say that the broker is outstanding, but rather that Larson Holtz doesn’t pretend to be anything, but he makes trading quite easy. In any case, in just over a year there were no scandals, withdrawals were made slowly but surely, transactions were executed accurately. If you trade deferred ones, there will be no problems.

08.10.2020 12:48

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PaRaDoX about the Binomo broker

Has anyone tried working from Russia via VPN? Did you read somewhere that this is possible?

08.10.2020 05:01

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Moderator about the Binomo broker

Broker Binomo prohibits working on the platform from countries closed to trading. You will be able to register using a VPN, you will also be able to top up your account and start trading. But you won’t be able to withdraw your profits. To do this, you will have to undergo verification by providing documents confirming your identity and place of residence.

08.10.2020 10:57

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Cold Day about the Dukascopy broker

It was $1200 to start. I wanted to distribute it among several brokers in order to diversify risks and at the same time compare platforms. But after reading your review, I decided to stick with Dukascopy, even though I had to invest almost all my money into one account. I've been working for a month. No problems, everything suits me. The first $200 was withdrawn without any problems.

07.10.2020 19:41

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ForsMagor about the IQ Option broker

I don't like it, it's very difficult. And options (2 more types), and Forex and something else. Maybe this is a plus for a pro. But it can be hard for me to navigate.

07.10.2020 14:19

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VekTOR about Finmax broker

The platform is frankly weak. Additional graphics help, but I wish they were on the platform. It's inconvenient to constantly switch from tab to tab. Otherwise, there are no complaints, especially since the company is reliable. Therefore, you have to endure the problem with the platform.

04.10.2020 20:05

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Dimas about the broker Expertoption

For the first time, we managed to work out a bonus with Expertoption. On the website of most brokers, no more than 10 days are given for processing. It's been a month here. This helped me earn my bonus. I have already submitted a withdrawal request and am waiting for the money.

04.10.2020 10:34

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Vladislav Lobanov about the broker Intrade.Bar

The money is actually withdrawn very quickly. Withdrew funds three times. The first time I waited a little over an hour. The other times I waited no more than 20 minutes. But it only came out on weekdays. The support said that they don’t transfer money so quickly on weekends.

04.10.2020 02:12

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MaRhMeLlO about the Pocket Option broker

I opened an account without registering, interesting. While I'm playing on the demo, I'm testing the platform. It seems to work well, there are no slippages, trades are opened quickly. I’ll test it for a couple more days, and if everything goes well, I’ll put fifty into the account.

03.10.2020 14:22

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Pehsnka about the Binarium broker

For me personally, the company is top. Started at $50. I opened the account without any problems. The platform is good: I have enough tools to work. The support is great. I've been working for a month and haven't found any cons yet.

02.10.2020 16:17

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VinoGradNick about Finmax broker

They often write that the need to call a Finmax manager is a disadvantage. I don't agree with this. After registration, I called and everything was explained to me: about bonuses, about withdrawals, and about the risk-free transaction. At the same time, the manager did not impose any services and did not demand to top up the account faster. I’ve been working with the company for six months and periodically call the manager. Everything suits him, he withdraws the money.

01.10.2020 20:07

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NAWI about the Dukascopy broker

Is it possible to start with a deposit of less than 1k dollars? Too much for me.

01.10.2020 15:43

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Moderator about the Dukascopy broker

If you are going to trade binary options, there are no options, you need to register on the website of a Swiss company with a minimum deposit of $1000. Dukascopy's EU-registered subsidiary has a minimum deposit of $100, but binary options are not available.

02.10.2020 08:47

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Murik about the IQ Option broker

A real old man. I remember how I worked five years ago. Good broker. Now I’ve read the review (by the way, it was well written, well done), I think I’ll try to work on Forex here. There were no problems with binary options before.

01.10.2020 11:21

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KrazyTapok about the Olymptrade broker

Tell me if there is any information about the broker’s possible return to Russia. Missing Olympus until I found a better broker.

01.10.2020 09:32

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Moderator about the Olymptrade broker

Unfortunately, there is no such information. But Olympus allows you to work from Russian territory using VPN services. Documents confirming identity and residence in the Russian Federation are accepted for verification.

01.10.2020 18:20

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NikName about the Binomo broker

Not a bad broker. When I worked with him, I withdrew money consistently. I left because I switched to longer-term trading: I open a deal for at least a day. On Binomo the maximum expiration time seems to be an hour. This is bad.

01.10.2020 00:12

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Samuray about the Dukascopy broker

I play here from time to time when I have extra money in my Bitcoin wallet. Sometimes you even manage to earn money. Each time I withdrew my profits without any problems.

30.09.2020 17:50

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Doctor about the broker Expertoption

Seems like a good broker. The profitability is good, there are a lot of assets, cool features like a social radar. But it’s confusing that you can’t open trades for more than an hour. That's why Experts still haven't become a broker for me. I trade sometimes when there is an opportunity for quick trades.

24.09.2020 00:13

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Zloi about the broker Intrade.Bar

Finally found a broker with a good platform. It’s annoying when companies try to show their uniqueness by developing terminals on their knees. Here's a cool Tradingview chart and a simple panel. If only we had added more assets, there would have been no price for the platform.

18.09.2020 21:17

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Mr.Agressor about Finmax broker

I can’t find the rules for working with the bonus, where are they hidden?

14.09.2020 15:14

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Moderator about broker Finmax

Conditions for working with a bonus are discussed with your personal manager. Contact technical support on the website and request a call from a consultant.

14.09.2020 17:17

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Valentin about broker Finmax

Registered with different brokers, but it is most convenient to trade with Finmax. It is convenient to choose an instrument and expiration. Trades are opened instantly. All the shortcomings of the platform are compensated by additional tools on the site. The mobile application is also satisfactory, trading is convenient, all the tools are available.

12.09.2020 05:27

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Andreyka about the broker Intrade.Bar

While I'm trading on a demo account, I'm checking the platform for convenience. I like that the site has a TradingView chart, which in my opinion is more functional than MetaTrader. There are additional convenient options that limit risks, which is perfect for gambling users. I read other reviews, it seems like they don’t waste money. I will try.

11.09.2020 18:34

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CRAGEN about the Pocket Option broker

I’ve been trading with Pocket for two years now, and I’m satisfied in all respects. The web platform is functional, the work area also suits me. Also suitable for beginner speculators. There is a social trading function, where a beginner can save interesting interesting users and copy their transactions; I used to actively use this function.

11.09.2020 15:02

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LIPt0n about the Binarium broker

I have been making money on binary options for a long time and Binarium is the best broker I have ever worked with. A convenient trading platform suits my strategy. In terms of trading tools, I use trading and Binarium is by far the best broker among those with whom there is also room to accelerate, I trade LATAM and GSMI. I withdraw my profits every two weeks, usually the money arrives within an hour. I had to wait more than a day when I was verified.

11.09.2020 12:51

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SkOrPiOnUs about broker Finmax

When I registered on the site three years ago, I was disappointed in the platform. For a trader who uses technical analysis, it turned out to be useless. The chart window is small, there are few indicators and they are not customizable, resistance support levels cannot be set. But later, in the section with tools, I found advanced charts, which have more useful functions than the meta trader. Since I trade options with expiration times of several hours, it’s not difficult for me to analyze the chart in the instruments section and then open trades on the platform. But I can be sure that I will withdraw my money.

11.09.2020 07:44

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Sirena about the Binary broker

In principle, there are no special complaints about the broker. Judging by the other reviews, I’m not the only one who had a good impression of Binary. There have never been any problems with withdrawals. The platform is convenient, even MT4 was removed due to its uselessness. Indicators, charts - everything is super. More Fibonacci levels need to be added. I rarely use them, but overall the tool is useful. A relatively serious problem on their part is the lack of a chat with support. Urgent issues are difficult to resolve. Emails are answered within a day.

10.09.2020 19:28

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forest about the broker Binarium

When I looked at Binarium through a demo account, I immediately liked the broker. Good trading platform and fast terminal. Great possibilities of the working area: 10 indicators, I work with four charts on the screen at once. I adjust the parameters to suit my strategies. I downloaded the mobile application for Android, it is possible to trade, but it often freezes and displays errors upon startup. As soon as the errors in the application are corrected, the company will improve in my personal rating.

10.09.2020 15:43

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Yarik Komarik about the broker Intrade.Bar

For me, as an experienced trader, intratrade is number one in all respects. During my work I deposited more than one hundred thousand rubles, no problems arose. Unlike other brokers who were in no hurry to approve large amounts for withdrawal. My conclusion is that the company operates without deception.

10.09.2020 12:21

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Niyaz about Finmax broker

I have been trading with Finmax for a year and a half now. I withdraw my profits every month, so I can speak about the reliability of the broker. Perhaps other brokers have faster withdrawals, but when working with Finmax, I am always sure that I will receive my money. Sometimes I top up my account to receive a bonus. Three times we managed to fulfill the working conditions and withdraw money. But for a beginner it will be difficult, so think about it before receiving a bonus.

10.09.2020 08:54

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DRAGO about the Pocket Option broker

I don’t risk trading myself yet, while I’m studying the information. The Pocket Option broker website has an excellent training section. I studied reviews of trading strategies and a guide to the platform. Now I’m finishing reading a textbook on working on Forex. The broker inspires confidence, perhaps I will trade with him soon.

10.09.2020 00:17

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Pro_Nike_Pro about the Binary broker

I registered back in 2020. I periodically play with volatility indices. I understand that this is not real trading, but a casino, but I don’t need more. The platform is convenient, transactions are opened quickly. There were no problems with the withdrawal. Somehow I managed to boost my account 50 times. I thought that when withdrawing more than $1000 problems would begin, but no. I waited no longer than usual for the translation.

09.09.2020 17:01

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Asmaseng about the Binarium broker

I’ve been trading options recently, so I was looking for a broker with an affordable minimum deposit. Therefore, I chose Binarium and invested 600 rubles. I’m trying to trade using the strategies described by the broker, with varying success, so far I haven’t earned anything but haven’t lost anything either. Chat support works well; when questions arise, consultants quickly help resolve them. So far everything is fine.

08.09.2020 14:04

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Pusheen about the Pocket Option broker

New to trading. I study brokers and look for the best trading platforms. For now I've settled on Pocket Option. In my opinion, it is ideal for inexperienced traders. I topped up my balance with only five bucks, but this made it possible to use many useful things for beginners. For example, free tournaments with real prizes, I haven’t really won yet, but I hope I’ll be lucky. When I start trading serious amounts, I will write a more detailed review.

08.09.2020 03:25

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Kes_Naker about broker Finmax

I trade with minimal amounts, I haven’t made a withdrawal yet. Therefore, I cannot fully assess the reliability. But I came to Finmax on the recommendation of a trader I knew. I think there will be no problems with withdrawal. I like the training on the site. The broker's webinars, training videos, and analytics helped me better understand the market. Overall I'm happy with the work. After the withdrawal I will add a review if I don’t forget.

07.09.2020 13:54

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Blackflex about the broker Intrade.Bar

The broker is reliable, I’ve already withdrawn money a couple of times, they don’t scam me. The minimum deposit is also within my means; 500 rubles is normal for an inexperienced trader. The profitability is slightly lower than that of other brokers, but there is no risk of being deceived. There are no bonuses either, and as for me this is a plus, it’s almost impossible to work them off, they just give you a headache.

05.09.2020 07:24

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Fil about the Olymptrade broker

While I was trading, it seemed that the quotes were false. The money was withdrawn anyway, but doubts remained.

04.09.2020 23:24

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DiMaSiK about broker Finmax

For beginners this site is a godsend. A lot of tips and a $1000 demo.

04.09.2020 22:01

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Do you want each review to be as objective as possible? You can help make it so.

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Hundreds of people will see your comment every day. And, perhaps, it is he who will allow you to bypass the scammer.

Finally, we would like to give a small recommendation for writing a review. Nowadays there are a lot of custom comments, so you can’t trust everyone. If you really have something to say, try to do it in detail. This will let other readers know that the review is genuine.

Let's work together to make life more difficult for scammers. Leave reviews about brokers - make binary options more honest!

Potential income, what it is and how to determine it

The potential profit from a transaction is defined as the percentage of payments under a contract for a specific asset at a given point in time. Its value is influenced by such parameters as:

the company's trading conditions;
type of asset;
market volatility;
trading session.

The trader cannot influence the amount of profitability. It is not his right to change the parameters of the agreement at his own discretion. The market player selects the investment amount, expiration date and type of contract. Its specification can be adjusted by the brokerage company. It reserves the right to change the payout percentage at any time. Only some financial institutions offer to work with a constant profitability parameter.

The higher the payout percentage under the contract, the greater the trader’s income. Statistics show that 70% of transactions are profitable, and the rest are unprofitable. To reach this level, you need to make two out of three trades in profit.

Case Study

The classic options broker set the profitability percentage at 80%. Having placed a bet of $100, in case of an unsuccessful forecast, the trader loses the entire amount. If the situation develops favorably, $80 is credited to his account, and $20 is the commission of the brokerage company.

Pros and cons of trading BO

The downside of options trading is the difficulty in choosing an honest broker who faithfully fulfills its obligations. Therefore, before replenishing your account, you should carefully analyze the financial organization in all respects, since the trader’s profit directly depends on the accuracy of fulfillment of the terms of the contract.

Among the disadvantages of the earnings format, one can note the incommensurability of the potential amounts of profit and loss in a direction unfavorable for the trader. This requires high quality forecasting, which is difficult for new market players to achieve.

Most brokerage companies offer to make quick money by concluding a contract to purchase an asset with an expiration time from 30 seconds to an hour, and it is extremely difficult to predict price movement within such a narrow framework.

The advantage of options trading is that it is accessible to anyone. To start working you don’t need to have certain skills or a lot of funds to invest. Most brokers have a low threshold for becoming a client.

The technical capabilities of the trading platform allow you to adjust the parameters of risks and profits. The trader does not need to analyze them; at the time of concluding a transaction, they are set automatically, in accordance with the terms of the brokerage company. He is asked to choose from a huge variety of assets suitable for his strategy.

Due to the large number of brokers on the market, a fiercely competitive environment is being formed, and they strive to stand out with their loyalty, offering bonuses on replenishment, no deposit accounts and other options that can be used to make a profit.

Tips for beginners

You won’t be able to make money right away on binary options. A beginner needs to master the theory covering issues of technical and fundamental analysis, as well as acquire practical specific skills. You can try it on a demo account. After multiplying it several times, it is possible to switch to a real service.

Training with a demo account

Each broker offers the opportunity to evaluate the technical functions of its trading platform and terms of cooperation on a demo account. It is usually provided for a month, although some companies extend this period. There is no need to transfer money to the demo account. After registering a product, they are credited automatically and are not classified as real. It is easier to learn to trade using virtual funds, while reducing all possible risks to zero. On a demo account you can understand how much money you need to invest in real life and what bet is best to use. The product will help experienced traders test new strategies to assess the relevance of their use.

Statistics

Every completed transaction must be analyzed. It makes no difference whether it is profitable or unprofitable. Online earnings on binary options are possible only on the basis of rigorous analysis with conclusions. To do this, you need to keep a trader’s diary, in which each order must be recorded. Using this scheme, it is easier to assess the performance of a trading strategy and your own capabilities.

Minimum transaction amount

The terms of cooperation with the broker specify specific parameters, including restrictions on the smallest order size. If you invest a small amount of money into a trading account, you should not exceed its amount. Beginners are advised to start carefully and not go beyond the parameters of money management. After achieving stable results, you can increase the transaction volume.

Learn to save a deposit

The primary task of a novice trader is to preserve the invested funds, and only then can he think about how to increase them. To do this, you must follow the basics of money management. They involve entering the market subject to the main condition: if the situation does not develop according to the scenario, then the loss will not exceed 3%. In this case, you can judge how to make money on binary options without risk.

Choosing a strategy

Reading reviews from traders on how to make money on binary options, we can conclude: the secret to success is a properly developed strategy. Each type of financial instrument has its own trading system.

If you need to identify the state of a flat, then it can be based on the following elements:

oscillators;
price channels;
support – resistance levels;
an emerging figure in graphical analysis.

To predict impulses, you should focus on the following concepts:

Japanese candles;
trend indicators;
practicing figures, Wulf waves and patterns.

Financial news

When making a decision on a rate, you should not forget to look at the economic calendar. If the type of option involves movement in a range, then impulses may cause the specification condition to not be met. To prevent this, you should avoid betting during news releases. However, for their “up-down” type, activation before the event is relevant.

Theoretical basis

The right approach to the matter is to study the theoretical foundations of the field of activity, which can be gleaned from books, videos and other sources. Without this base it will not be possible to create your own trading system.

The training does not end at the stage of familiarization with the basic principles of the course. It continues throughout the period of activity. It is useful to learn new strategies and test them. Perhaps their results will allow us to more accurately predict market behavior.

Market situation

To correctly evaluate signals, you need to constantly monitor the price chart. This approach to the matter will allow you to understand the stage of market development, timely identify patterns, candlestick combinations, as well as indicator readings. You should always analyze a chart from the highest timeframe to the youngest. This approach will allow you to make accurate predictions.

Work on yourself

Trading is associated with big money, which provokes the formation of feelings such as greed and the desire to make easy profits. They have a negative impact on trading results. Therefore, in order to achieve stability in this area, you need to learn to control your emotions.

Real reviews of options trading experience from real people

Unfortunately, in fact, there are much fewer truthful and generally positive reviews on binary options on the Russian-language Internet than negative ones. You can only trust those that describe in detail all the investor’s transactions, which take into account not only his successes, but also his failures. Such reviews can be considered a trader's diary.

We bring to your attention 3 situations for developing experience with options trading:

For example, you have an amount of 300-2000 US dollars. You got this money with great difficulty, and you know its value. You choose a reliable binary options broker for yourself, and enter into CALL and PUT trades by opening an account with them. As a result of trading, you are able to make more trades in plus than in minus. Now the question is: will you go brag on forums about your success, or will you continue to make money from options trading? We believe that the answer here is obvious.
Let's say you've been saving money for a long time. I managed to save, say, $1,500. You want to at least double this amount using options trading. And this is a justified desire, because the income from options can be 95% per trade. That is, by investing $100 in an option and predicting correctly, you can earn $195. So, as a result of incorrect technical analysis, after 10-15 transactions, the deposit is reset to zero. With your hands down and offended at the whole world, you begin to look for forums with numerous reviews about these same binary options. You find negative reviews, and in order to vent all your anger into the Internet space, write your bitter experience, without understanding the whole essence of this income.
And the last situation. You lost your deposit during options trading, but you have no desire to give up and complain on the forums. You begin to analyze your work, analyze mistakes, and take a more careful approach to technical analysis using patterns in the Forex market. As a result of this work, you do not step on the same rake, but start earning money on an ongoing basis. Now the question is: will you go looking for forums to write on them about your difficult but successful experience, describing the analysis of each transaction? Answer: We highly doubt it.

Thus, we can say with confidence that the main structure of negative reviews about the method of making money on binary options is definitely the result of the emotional state of novice traders who made a miscalculation in their actions.

Moreover, it is worth noting that novice traders often write quite unfounded and delusional negative reviews about BO. For example, they complain about the long withdrawal of funds due to the broker’s request to only undergo identity verification. And such procedures, as a rule, take up to 2-3 business days.

Important: before writing a bad review about the delay in withdrawing money from your account with a binary options broker, before replenishing your balance, we first advise you to go through verification, and only then replenish the deposit.

In these reviews, we can observe reviews from beginners who were lucky enough to correctly predict asset prices. But this will not always be the case, since the financial market is volatile and both drops and rises in the deposit balance can occur.

Three facts about making money on binary options

Fact No. 1 . If you are not a professional or inexperienced trader, but decide to start trading options for the first time, you will most likely lose all your money. Even if you have been winning for a whole week, you will eventually spend all your money and wipe out your account. It's just a matter of time. The sad truth is that there is no way for a new trader to trade options (especially short expirations such as 1, 2 or 5 minutes) without the help of a professional.

Fact No. 2 . Getting rich quick or even making a living by trading BOs is extremely difficult and requires a lot of self-discipline, money management skills and of course last but not least, a reliable trading system that wins over 75% of trades. Newcomers to trading are easily swayed by creative advertising that sells the enticing idea of financial independence.

However, the fact of the matter is that getting rich quickly and effortlessly from options trading is harder than it seems at first glance and is generally reserved for those who are very good at trading.

Fact No. 3 . Most new and inexperienced traders who open an account and trade without the knowledge and discipline of a professional trader can be considered gamblers.

Although the above facts may be quite scary for someone who has just discovered binary options and thinks it is a great opportunity to make easy money, it is much better to understand and accept them than to ignore them and live like a bubble that is about to... about to explode.

Binary options trading basics for beginners

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Ways to earn

Both professional players and beginners can work in the binary options market and earn income. Experienced traders conduct their own analysis, predict further developments and make decisions. New market participants have the opportunity to earn money using robots or affiliate programs. By fulfilling the broker’s conditions and activating an account with bonus funds, you can practice on it, work out a strategy, or even make a profit.

Independent trading

In order to trade in the market yourself, you need to study the theoretical foundations of all types of technical and fundamental analysis. You also need to practice for some time on a demo account. You can start working only if you are able to make forecasts of market developments and record permanent results.

Automatic trades

An easy way to start earning money without experience is to use robots. They are a software product that contains a specific trading strategy. It can be downloaded for free on the World Wide Web or purchased.

No investment

You can get the status of a full-fledged client of the company without having any money in hand. To do this, it is recommended to take advantage of no deposit bonuses or become a member of a thematic Internet forum in which published posts are paid. You can earn virtual money through competitions, and real money through affiliate programs.

Competitions

Some brokerage organizations organize competitions among traders on trading accounts with virtual money. Since beginners most often take part in the event, it is possible for even a slightly experienced player to become a winner and receive funds into their account. They may be available for withdrawal immediately or need to be worked out. Competitions allow those in doubt to clearly assess whether it is realistic to make money on binary options.

No deposit bonuses

Many brokers offer no deposit bonuses to traders who register with them for the first time. Under the conditions of their provision, mandatory work is required in the amount of a specific number of turnovers on the account. When determining it, all transactions that can be both profitable and unprofitable are taken into account.

Partnership with a broker

You can make money on options without even trading them. To do this, it is enough to become a broker’s partner, attracting new clients. Earnings are formed in the form of a certain percentage of the amount of funds invested by them.

How did I find out about binary options?

I learned about this financial instrument back in 2005. I was attracted by advertising that began to spread aggressively on the RuNet. She promoted a new, at that time, way of earning money. At every corner she colorfully shouted: “Find out how to make money on binary options for a beginner.”

And I thought that was pretty cool. This is something that should make me a ton of money! This is what will save me from everyday routine work! It’s so simple, judging by the colorful promises of ubiquitous advertising!

We can say that I became acquainted with binary options while in some euphoria, without delving into the essence of the proposal at all. By that time, I was already familiar with the term “trading”, and therefore, at first I thought that I would make “trades”. But it turned out that there is no such concept here. There is the concept of “betting” here. And this is a completely different matter.

Choosing a broker: criteria

The main criterion when choosing a brokerage company is the presence of a license. The permitting document obliges the organization to work according to the regulations of the regulator, which is primarily focused on protecting the interests of the client. The activities of brokers who have received it are conducted in accordance with international standards. The license format satisfies legal and market requirements. Reputable regulators are:

CySec;
MiFID;
BaFin;
FCA;
CNMV;
CONSOB.

The reliability of a licensed broker can be judged by the conditions under which a permit is issued. Companies that have been on the market for more than 3-5 years can count on receiving it.

The more regulators control the activities of an entity, the more customer confidence it will receive and the higher trading volumes will be.

Having selected licensed brokers, you need to evaluate them based on parameters such as:

trading platform;
proposed assets for work;
features of the purchase contract specification;
training opportunity;
Availability of analytics;
ease of working with the official website;
methods for depositing funds and withdrawing profits, as well as the speed of transactions;
24/7 online support service.

The platform offered by the broker should be intuitive for the trader and not cause him discomfort when conducting business. Working in financial markets is distinguished by the possibility of diversifying risks through transactions with assets. If a broker offers a limited number of them, then it will be difficult to minimize risks by distributing them across different trading instruments.

For beginners, it is important to have training resources, for example, separate thematic courses with videos or webinars. It’s not bad to have the opportunity to visit training centers for free, read the proposed literature and consult on a controversial issue with the assigned manager. You can also learn from analytical forecasts, which will help you make decisions regarding future price behavior.

Russian-speaking traders are more comfortable working with a broker whose official page is provided to users in different languages, including Russian. Online chat consultants must maintain a conversation language that is convenient for the person contacting them. It's good if customers can count on receiving an answer to their question on the same day. You can select a suitable brokerage company via the Internet by entering keywords into a search engine or rating resource: reliable, licensed broker, binary options, minimum deposit or no deposit bonus.

How to make money on BO without risk

Working with binary options without risk is possible if you know and follow the following provisions:

It is necessary to analyze the market. Before you start trading on the market, you need to analyze it in order to identify risks. You need to enter the market only on the basis of reliable signals. To minimize risks, work should be carried out on those assets whose future movement can be predicted. Because if a trader is unable to predict the direction of the price, then this will ultimately lead to unpleasant consequences.
There is no need to “rake” everything. Remember the rule of diversification: create several transactions instead of one. When starting with $30, it is better to open 30 transactions for $1 than one for the entire amount, because in the event of the first minus you will be left with nothing.
It is worth following the rules of money management. There is no need to risk an amount that is ½ higher than your deposit account. Let’s say that with a deposit of $30, it’s worth risking only $15. With an increase in capital to $40, you can think about increasing it to $20. By saving 50% of your own finances, you can get rich by trading binary options. Moreover, making a profit is possible specifically by minimizing risks.
It is necessary to protect capital from draining. Here you will need to choose the right broker. There are brokers that allow you to close orders before the expiration time ends. Working with such brokers, a trader will be able to close unsuccessful orders in advance, and this will significantly reduce the level of risks.

Popular trading platforms

Brokerage companies are popular among traders, in terms of cooperation with which it is possible to invest small amounts in the monetary equivalent of several countries, in particular in dollars and rubles. Brokers with reviews from many satisfied clients are also welcome. The best representatives are shown in the table below.

Name	Deposit amount, $	Bet amount, $
"Olymp Trade"	10	1
"Binarium"	9	1
"Binomo"	10	1
"InstaForex"	1	1
"Finmax"	10	5
"Profitplay"	10	1
"24Option"	200	24

Beware, scammers

New market participants do not have sufficient knowledge to form their own trading system and independently forecast trends. Therefore, they often resort to purchasing a ready-made strategy. Its creator promises to reveal the secret of how to earn a million in a short time, provided that the user buys the product from him and acts strictly according to the instructions. In fact, such a purchase falls into the category of beginner scam. It won't do them any good. People will spend money, but the product will not tell them how to properly make money on binary options and make a profit from trading.

Another way scammers scam people is by selling supposedly effective signals. The field of activity is relevant for beginning players who want to make money on bets and are looking for a parallel way to generate income. One of these traders is Igor Goncharov. It is worth noting that you can find good offers among signal providers.

What should a beginner do to make money on binary options?

A set of rules helps to achieve the goal. Following it, a strategy is developed, built on instruments, which are understood as assets with their own value. These are securities in the form of:

shares;
bonds;
currency pairs

They are items of trade, those that are passed from buyer to seller. By tracking indicators, support or resistance levels, and trend lines on a chart, the user understands when it is time to make a deal and take action. But first you need to set your risk level. It should not exceed 5%. Success in binary options depends on strategy - this is a step that will lead to the conclusion of more profitable trades than unprofitable ones. It is recommended to trade on moving averages. This tactic is based on studying and applying the indicator.

The chart (indicator) automatically displays at what time you need to enter the trading market; it builds a price line. By the position of the multi-color stripes, a decline or rise in price is determined, i.e. her movement. Beginners should use the moving average - this is the average price over the Nth period of time.

Using the 2nd graph as an example, let’s look at how to proceed:

A simple moving average is blue - interval 60. Next, exactly the same one is built, but with a break of 4, it is green. When it crosses the blue one from bottom to top, a buy deal is opened.

If you are in a difficult financial situation, it is better to use binary options without investments. The broker will “borrow” the amount provided that the client participates in the binary tournament and takes a prize. Competitions are held among participants in minute options trading. The winner will be given a real cash prize.

conclusions

Despite the apparent simplicity of working on binary options at first glance, the method of completing a transaction carries the threat of financial losses for beginners. To make money in this area, you need to understand the basics of technical and fundamental analysis of the market situation, with the help of which you can form your own trading strategy for work. It is important to gain practical experience. Having gained an idea of how to learn how to make money on binary options, mastered the theoretical aspects of science and worked through its various directions, you can increase the quality of forecasting, the number of profitable transactions and your income.

A reminder for beginner traders in binary trading

To be a successful binary options trader you need:

Study special technical literature on your own, understand the intricacies of trading, adhere to the rules and one strategy. Learn trading using educational programs, watch video lessons, study manuals and instructions.
Understand that it is unrealistic to execute futures contracts in 60 seconds; 100% accurate signals and guaranteed indicators do not exist in nature.
Don’t hope that with a minimum investment you can, by a lucky chance, make a million and get super profits.
Understand what money management is. If there is a gain of at least $10 per month, it’s already good luck.
Knowing that risking your entire deposit means immediately ruining yourself.
Remember, even in a good situation the return will not be 100%, maximum – 70-80. There are no ideal strategies with complete winnings.
Contain emotions.
Open a demo account and work on it for at least a month. If you feel like it’s working out, open a real account, but with a minimal deposit.
Take the principle of constancy as a basis. Long breaks are detrimental to work. Long-term tracking is also dangerous - attention begins to dissipate, this will interfere with correct forecasting of asset movements.

Successful trading in binary options rests on three main principles, where the key components are a guarantee of productive trading in the financial market: work on a reliable trading platform, self-discipline, effective money management, i.e. capital Management.

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The Basics of Risk-Free Binary Options Trading

In developing the ability to predict the growth or decline of assets occurring on the financial exchange, analyzing the price and how it will move - up or down.

To do this:

Technical research. Indicators of levels, channels, indicator lines are displayed on the chart - these are trading tools. A strategy is built on their basis. Technical analysis takes into account time intervals from minutes to weeks. On a chart developed on the basis of mathematical formulas, price movements are depicted as straight lines. Traders, having studied the table, know whether it is time to buy or sell an asset, and use tools to analyze the quote chart.

This is how the cost change looks schematically on the table:

Basic or fundamental analysis. Trade based on financial information: earnings news, reports of cash injections of a particular company. Based on this, they look at how the price of securities changes. This is how they predict price movements not for minutes or hours, but for days and months. The difficulty is that you need to have a good understanding of the economic situation, get information from watching television channels that cover events that affect the market, for example, the Russian business channel RBC.

Rule: if you purchase assets at a reduced price, you sell them at an increased cost. You can increase your starting capital through binary options, but it is fraught with risk. Earnings will depend on the transaction amount and initial investment. Profitable trading will require effort, taking into account that the risk will be up to five percent.

Where to start and how to consistently make money on binary options for a beginner?