You may have heard, that binary options brokers based and regulated in Japan must publish anonymous statistics of all trading accounts. These statistics can be viewed further here: FinanceMagnates.com. I will summarize it below.
On average, out of 100 binary options trading accounts, 26 profit, which is not a bad number. It means that every fourth trader is profitable. It’s not a big number, no, but it’s definitely a higher number than I would have guessed. So, you might believe now that binary options are not a scam and every 4th trader actualy makes money!
And although it might be sad, most of the losing traders support us – traders who earn money. Without them this business would not be possible.
All you need to do in order to be profitable is to learn, learn, learn. That is why I would like to remind you that on our site Binary Options, you can find lots of educational materials, such as free books or articles that I wrote myself from my own binary options trading experience. Perhaps the most important articles can be found here: Technical Analysis Series.
Another thing that we can not ignore under any circumstances is the psychology of a trader and his money management. For example, I have written some articles about the money management of binary options. and in the future, I definitely intend to pay more attention to this topic and to write further articles, because it really is one of the most important factors.
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