Many of us have certainly searched for ways how to make money online. I myself wanted to know it, and I‘ve tried all sorts from the so-called pay-per-click to investing money in HYIP funds. Earnings using these methods either always approached zero or were bound with great risk.
How to make money with binary options
Later (over 2 years ago), I discovered an investment instrument called binary options. This is a type of online business, which is really easy. I was never a mathematical genius, but with binary options, I sometimes feel so. I just open a page of Banc De Binary broker or, for example, the popular broker StockPair and in a few minutes I can make money. After opening the page a simple investment option is displayed: up or down? (pictured below)
This is how simple platform for trading binary options looks
It is a prediction of the growth or decline of an investment asset – eg. shares or the price of gold. I simply predict where the price will move – up or down? Then I press the button and within 60 seconds I make money. It’s really easy. And sometimes I can even make hundreds of dollars a day!
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Making money on the internet using binary options
As you may have guessed, binary options trading is not entirely without risk. It is always necessary to invest some amount so that we can earn. These investments range from 20 USD to 500 USD. And depending on the size of our investments we will earn more or less. All you have to do is to say whether the price of gold will go up or down. This, of course, not everyone can do successfully. That’s the reason why there are binary options strategies.
Many strategies are very complex and the truth is even I don‘t know and understand many of them. But there are some simple strategies that work more or less well. I will now show you a really easy one.
Simple strategy for binary options trading
If you’ve ever seen a price chart, whether they are stocks, gold or currency pairs, surely you have noticed that the price is not always going just up or just down. Take a look at the chart below (price movements of gold from 25 February).
Gold price chart
When we look at the image, we can see that certain rules repeat and price moves in waves. You can find more about these rules here: Confirming reversal using indicators. Fortunately, we do not have to know these rules in detail – we just have to know how to use them.
Price will always move in one direction, then another, before being corrected by moving slightly back and this is repeated over and over again. Because of this, the graph looks like waves. Look at the following picture, I’m sure you will understand what I mean by that.
Price is moving in waves
How to make money online
Now we know that the price moves in waves. Therefore, we just need to be able to guess where the beginning of a new wave is and make a binary option trade. And within 60 seconds we have made money! This trading takes a little practice to sort out these waves. Therefore, we recommend trading on a demo account in the beginning – to avoid unnecessary losses!
Additionally, the described strategy is really the simplest which you can find, so be careful with it. 🙂
I still don‘t believe it. Binary options must be a scam!
Lately, we often hear questions about whether or not binary options are a scam. But this is the same kind of stupidity as asking if the trading on an exchange is a scam. Binary options themselves are not a scam – but there is always someone who will want to cheat you. Therefore, we must be careful about what broker we choose and about our business strategy.
Binary options are a 100% legal investment instrument and provide a real way of trading various assets from around the world and ultimately may allow you to earn lots of money.
The very simplicity of binary options trade contributes to the fact that binary options seem suspicious to those who prefer more common ways of trading (forex). The fact that it is so easy to understand binary options often contributes to the fact that inexperienced traders think it is a scam, and this idea spreads further.
More on this topic (binary options scam) in these detailed articles:
Author
More about the author J. Pro
Unlike Stephen (the other author) I have been thinking mainly about online business lately. I wasn't very successfull with dropshipping on Amazon and other ways of making money online, and I'd only earn a few hundreds of dollars in years. But then binary options caught my attention with it's simplicity. Now I'm glad it did because it really is worth it. More posts by this author