Do you make money online by trading binary options? Today I wanted to go beyond our underground HYIP market and discuss this 2008-old, very risky , high yield and officially registered investment product. Indeed, you’ll always have to watch out for cheap scams and referral sharks!
First off, I never traded binary options. I’m reading articles, chatting with actual investors and taking the learning curve smoothly. Similarly, if you’re new to HYIPs, don’t rush your money in like an ignorant fool. Why rely on luck when you can rely on knowledge?
Like you can see if you surfed Google a bit on the subject, a lot of websites want you to risk your money on Binary Options. Several are cheer-leaders. If you’ve been following my blog for a while, you know I hate it when people praise for a money-making opportunity. There’s always a snake under the rock but these guys just never care to mention it. That’s true for most HYIPs, JSStripler, Zeeklers, etc.
Now with that said , the difference with Binary Options, if you manage to avoid the scam brokers, is that they are recognised by the authorities. They stand as a fully legal and registered way to diversify your portfolio, unlike most investment offers we’ve been discussing so far on The Private HYIP Blog. Big difference you’ll agree. Plus in theory, the profit can be similar, but don’t be fooled.
How does it work ?
In short, you bet on whether the price of the options will go up or down and reach a given level during a pre-established time-frame. For example, I could invest 500$ that the once of gold will trade 3$ less in 5 minutes from now. If I win, I get a huge, pre-established profit ( like more than 80% !!! ) . If I lose, I lose pretty much all my 500$.
Like me at first, you could think it resembles to the head and tail game. Not quite. Profitable binary traders take the time to analyze the market. They take their investment decisions on statistical evidences which like you can imagine, give them more than 50% chance to win. Good investors wait for the best wave, just like surfers do. Of course they lose money with several calls or puts but at the end of the month, their winnings overcome their losses.
Ok I didn’t want to compare HYIPs with Binary Options but I couldn’t resist because the fundamental principles hold true :
- Learn to know the behaviors of the market and especially, of certain offers in particular which are more likely to put you on the money.
- Diversify your funds within different and unlinked programs/options in order to spread the risk.
- Fight greed and get your emotions out of the way. Do not get a comfort zone. Or maybe you’re in just for the thrill ? Just be careful to not develop a compulsive illness like some casino gamblers.
- Risk what you can afford to lose. You’re very far from guaranteed to make money.
How much $$$ to earn ?
During the next years, you’ll see more and more people risking too much of their hard earn money because of advertised returns as high as 87% on one trade call ( increased value of the option ) or put ( decreased value ). The thing is you’ll also see people who simply know how to be profitable. These guys don’t bet, they truly invest. If you’re planning to become seriously involved with binary options, don’t be a bettor. Take your time and learn. Still, you’ll do what you want!
After this quick introduction, I hope you’ll inform yourself and come back here so we can discuss Binary Options in the comment section below. If you’re a veteran trader, would you share your experience ? Like we’re doing with FOREX and HYIPs, let’s use the power of our active +2714 subscribers’ community to jump start our online-money-making journey. Thanks for being part of it!
Next article will be about paying your taxes on HYIP and other similar income sources like Zeekler and JSStripler.
Stay tuned or subscribe your e-mail now !
Frank
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i have been trading since quite some time, but i stick to spot forex and the stock market. binary options are zero sum, so i tend to avoid them.
Hi Frank,
I am waiting for your next article.
Thank you so much for your writing.
Forex Binary Options are no scams. However, some of the companies surrounding them are scams and refuse to pay out your funds. Now keep in mind these are the ones that allow you to open up accounts with small amounts of money. I know the good ones and they have higher limits when it comes to opening up an account.
You can do VERY well IF you take the time to learn exactly how to work it properly and paper trade until you have a 62% win ration or above on a regular basis. Then and ONLY then should you starting working with real money.
Keep in mind there are many people that earn 5 figures per month with Forex Binary Options AFTER they learn how to properly do it.
hi john , u seem to be a pro in forex and binary trading . i am a newbie in trading can u help me with some good forex and binary trading sites and also some tips and guidance if you can help me with i would be greatly thankful to you . thank you for the help
Could you enlighten us, then, on which ones you consider are “safe” ones. Thanks!
Good day christopher…………. Pls christopher can you help me with the chart trend that you used on betonmarket.
Hello Frank,
I think that is very true.
I have a friend who is a victim of the binary trading.
I’m glad you wrote about a topic I suggested you, so a big thanks to you on that part!
Been trading forex and binary for almost a month now. Its true Frank, you have to research. I have been very profitable, with both, and have had some losses. Its defiantly not for the gamblers, or weak. It’s hard to make a good spot sometimes, but analyze analyze and analyze. Re-search is the key. Its a business, and one has to think like a business man/trader. Its very serious business, and yes, there are a lot of promises that you can have 80%+ success….sometimes, sometimes only 50% or less. anyway, thats just my opinion, and I take calculated risks. Its fun but serious business.
Thanx frank for your informative article.Since i was scammed by macro trade last year,l had not dared try this business again.l want the wounds to heal before l venture into something.however l keep visiting this blog to learn more.Taseer may l know a bit more about spot forex and stock market?
I tried binary options for some time, but came a cropper when I got a call from my account manager. I’d discovered that Gold was going to rise and rise as it did. However after hitting the target over 30 times in a row earning more than 1000$ my account manager called me, he ran rings around me and convinced me that buying more gold binary options was a big risk, from that point on I lost confidence, my money and never earned anything again changing a 2000$ profit into a 3000$ loss. If you’re going into binary options please remember:- binary option platforms are there to earn lots of money for the owner NOT YOU. Smaller platforms can have cash flow problems, making it difficult to draw. Do your own homework, if you can afford it get a good teacher or course first. For the untrained it can become gambling and I’d strongly advise getting a trial account and playing with it for months. Only put it what you can afford to lose and investigate the platform of your choice thoroughly. Also check withdrawal procedures as though you were a private detective some sites make it so difficult and take so long you might think you were never going to get paid.
Just ask yourself one question. How can binary options sites afford to give you such huge attractive starting bonuses (doesn’t this sound like the online casino adverts that come to your inbox??). Easy, they know you’ll see dollars floating in front of your eyes and get all gun-ho and lose it in 30 minutes, your account manager will go like “aaaah I’m sooooooooooooo sorry, but look if you put 5000$ more in I’ll double the bonus” wow sounds like a drug dealer trying to recruit a new addict. Excuse the sarcasm but please check things out thoroughly. There are many guys that make thousands and thousands but be humble don’t let greed convince you you’re already one of them.
I have interest in hyip and now binary options. I use profits from JBP and ZeekRewards for this purpose.
Binary Options provider’s act as a counter party to all trades. So they payouts are calculated in a way which prevents a person being able to make a profit in the long term. SmartOptions provides the financial modelling that the majority of the Binary Options site online use and makes it almost impossible for these sites to operate Binaries at loss.
The way Binary Options are offered online is very different to Binary Options as traded on a proper exchange. The majority of traders who make money from traditional Binary Options do so by taking advantage of arbitrage opportunities or use such options to balance risk in a complicated portfolio. Typical pricing models for options (Black Scholes etc.) can’t be used on the type of Binary options used online so its hard to work out whether a trade is worth entering into.
Plus the industry is largely unregulated. Thankfully the US now has proper Binary Options regulation which prevents many of the sites online from accepting US customers, though many still do. In Europe however financial regulation for Binary Options looks a long way off due to the fact that certain MiFID members do not believe that Binary Options are financial derivatives instead viewing them as a form of gambling. Though a number of firms are regulated now by the Maltese gaming commission which is a step in the right direction.
If you wish to trade financial markets, I would recommend you look into CFD’s or Financial Spreadbetting if they are options in your particular jurisdiction.
Try Banc de Binary. Minimum is $500 to open and you receive an account to learn with also.
Frank, I have to say that I always closed ads for binary options and was never really interested in them. I did not even know what exactly it is. Now you made me curious and I found out that it is some kind of betting and – the best part – it is completely tax free here in my country.
I opened a demo account on “BetOnMarkets” now and started playing a bit with it yesterday. I used a trend chart to do my bets and opened several bets. I went out with a 800 bucks profit. I think I will continue this with real money. The trend chart strategy seems to be good. The important thing is to never risk more than 5% of your money in one bet.
Great job Christopher.
I would recommend you also try Banc de Binary and compare it to what you are currently using. One of the main issues with binary options is actually getting your money out of your account and into your hand.
Which trend chart did you utilize?
i’ve tried binary options long time ago and what i could say is.
stay away from binary options if you do not have good skill at market analysis
study forex trading/stock/options 1st if you want to bet at binary.
you must mastering technical analysis if you want bet binary,because unline forex or stock,your enemy in binary is time.
time will make you loser or winner in binary.
i mean.in forex if we already set our profit taking and stop loss level.we can leave our trade and let market decide what next happen.
but in binary,we can’t do that
even we believe market will rise today,and we made bet rise at 08.00Am for one or two hour,but if market rise at 05.00PM we will lose..
sory for my bad english..but my advice,mastering another instrument first,and after that you can try speculate in binary.
and i’ll give you some trick for betonmarket.
what you need to do is open 5minutes EURGBP chart and watch the candle.if candle rise for 5 times.starting to fall and 6th candle.if you loss,multiplied your bet 2.5 times at 7th candles and soo on till you win and repeated it
EurGBP maximal candle bull / bear candle when trending in 5minutes only 10-15 candles.in daily chart ussually 5-10
hint :
-if you betting in asian seasion (sydney – tokyo) you just need only 3 candle up/down and you can counter it
-limited your risk and be a disiplined bettor.if you have $10,000 limited it only $200-$500 loss for one day bet.
-example bet : payout $2, $5, $12,$30,$75
Anyone out tested binaryoptions-live-signals or Tradeperday?
Dear Frank, Even reading your advise, I have not made money with HYIP’s. I have lost royally with Royalty 7. My only hope is Univest. I once tried to take $40 out of Univest and have them put it into my Liberty Reseve, since that is how I pay them. And they refused. Maybe just as well since I had planned to put it into another HYIP.
So my question to you is, how does one get paid by Univest?? My goal is to have about $10,000.00 in Univest and take out $1000.00 monthly and have it put into my bank account. Am I dreaming?
And why is the Univest website so difficult to navigate. It is slower than molasses. Maybe you can bring this up, when you finally get to meet them in May.
Univest does pay.You just need to learn how to withdraw your money from it.I even gave them a call to explain me how.It is my favorite from now.
By the way Frank, It is more than true what you have said.
You can lose a lot of money playing binary options.I know people who have lost over $500000.
You can also make a lot of monet==y trading binary options.
I am working on putting out a website which is not live for now wugot.com to help me make money consistantly making money with binary options.I have learned how to do it the hardest way.
i came across 24options and have been trading for last couple of months, made 3 times my investment in the first week by using pull back strategy, had many losses as well due to bad money management and sometimes not paying attention to economic releases.
i almost never wait for the trade to close unless i am 100% confident that the price will not jump back in the last 5 mins and put me out of money, in 24options there is possibility to close the trade early in high/low so i use that to close early when in profit.
please share your experience with this broker
https://www.24option.com/binary/en/index.jsp?oftc=22547 i found him to be genuine after checking on the net, but you never know.
Does this one pay, it is regulted and sitting in the british virgin islands.
does anyone know anything about marketsworld.com in Isle of Man? They are regulated, and you only need 20 dollars to open an account. Just looking for anyone who has tried this one.
Thanks, s
Marketsworld is regulated by a gaming commission and they pay very well. I trade there often and I just started a site
http://www.binaryoptionstutor.com
about binary options where you can see some of my strategies for free. My brother and I have been trading digital options for more than 10 years since Xodds started ( now known as BetOnMarkets.com ). Great article Frank and while binary options are high risk it is possible with the proper education,discipline and execution to make money.
So much for Binary Options . . . what about B,O Arbitrage? Is this any better/safer as regards making regular profits? Do all Brokers allow the use of Arbitrage? Just curious. TC
Between luck and knowledge, the latter is far more superior and guarantees better returns no only in binary options trading but most aspects. Having the knowledge in trading gives you the skills in making good forecasts on future asset prices which makes it more profitable. And with the help of the tools from the http://www.traderush-review.com traderush broker review sites that I found, I’ll be able to make better returns from my investment.
I love what you guys are up too. This type of clever work
and reporting! Keep up the amazing works guys I’ve you guys to my own blogroll.