I’d like to share with you a very nice letter sent to us by one of our readers; with Jake’s permission, of course, so it’s all OK. 🙂
Told by a friend, I’ve found out about binary options couple of months ago. He was persuading me to try it with him. When I started, my experience with any kind of trade was about a zero. So first, I read a little bit about it and then I found for myself a binary options broker.
I’ve chosen TopOption based on my friends recommendation. Using my card, I deposited money into my trading account, 100 USD to start with. I’ve traded Facebook and Apple options for a bit, because I thought I knew them, which would result in earning me some money. That was what I thought. The truth is that I was shooting from the hip and didn’t earn anything.
I was hoping and looking for a strategy somewhere on the internet, because even the stock market traders have to do it somehow.
I’ve come across your page xbinop.com and found a basic strategy (using trend lines). Even though I haven’t made any money with it, I haven’t lost any either and at least I’ve learned the do’s and don’ts. Later on, I’ve found out that the 10 – 60 minutes options are the best for me, because they usually have a higher success rate and I’d rather make a few profitable trades with greater amounts than a lot of small ones.
And then one day, it happened. I got lucky and throughout the first week my (next) deposit of 100 USD doubled. Trading only with only 10 dollars each trade.
Next week (this week 🙂 ) was profitable again, not that much though, but I’ve still made a profit. Thank you Colin
Thanks a lot for your message and we wish you good luck, Jake.