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.
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