Binary and digital options are only advertised and offered to professional traders. If you are not a professional trader, you can not trade binary and digital options. But you can trade forex and cryptocurrencies.

Our Reader’s Experience With Binary Options Trading

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.

Author

Step

More about the author: Step

I've wanted to build a business of some kind and earn money since I was in middle school. I wasn't very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author

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