Binary options: real reviews from beginners. What are binary options really?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Many articles and various reviews are devoted to making money on the Internet. This is not surprising, because many are interested in the opportunity, without leaving home, to start making good money. Some even believe that by reading such articles, you can quickly learn and get large sums of money. Therefore, the question of how to work with binary options never loses its relevance.

In order to clarify the situation a little and talk about such a type of income as trading on the stock exchange (or rather, working with options), we offer this article.

Earnings on trading

Let's start with the general category - work on the currency exchange. The average citizen who knows how to use the Internet must have heard that trading currencies (stocks, securities, and so on) can earn good capital. Perhaps he even heard the stories of those who managed to hit the jackpot and achieve success simply by trading currencies. Accordingly, we all associate trading with something profitable, profitable, perhaps even incredibly successful.

There is anotherside of the coin - an offer to engage in currency trading, which is made to us by numerous brokerage companies. In particular, this is a mass of advertising that by starting to work with them, you will change your life for the better. In fact, there are a lot of options for how such an offer is made to us - just go outside and see for yourself. Advertising boards, signs in the subway, media clips on television - all this convinces us that, having tried currency trading, we will succeed. This also applies to binary options. Is it really so?

The concept of binary options

For those who may not have heard of such a term, it is necessary to clarify its meaning, so that we initially were guided by what it is all about. So, binary options are a financial instrument, a transaction that is based on where the further movement of the currency pair or the shares of a particular company will take place. Let's say, if the real chart of binary options starts growing upwards, then the transaction aimed at appreciation is justified, and its participant receives some income. Accordingly, and vice versa: if the line on the chart actually falls, this means a reduction in price, and the option is not justified.

It looks like this. You have two buttons: "Rise" and "Fall"; with their help, you must predict how the value of a currency, stock, and so on will change in the future. You indicate, for example, that the latter will grow and press “Growth”, after which you wait for the expirationthe action of the option (it can be different - from 30 seconds to a week). If at the time of closing the transaction the currency pair really showed the movement that was predicted, the trader receives his money.

It's actually very simple (binary options). Reviews (real, from newbies who are just creating their accounts on marketplaces) show that it is precisely because of this simplicity that people start working here. It may seem to everyone that he will be able to easily and simply guess where the price will move, due to which he will make a fortune.

Income

Many users are interested in how much they can profit from trading if their forecast turns out to be true. They need to know how much they will earn if they analyze binary options correctly. We answer: it all depends on the platform on which you work and the conditions that apply there. On average in the market, a trader receives from 60 to 85 percent for each successfully concluded transaction. That is, you can guess or not guess in the ratio of “50 to 50”, while the profit in the end can reach, say, 75% of the initial investment. Of course, your contribution is also returned, so this will be a “net” profit.

As for specific figures showing how much you can earn as much as possible, it makes no sense to name them, since everything depends on the level of your investments. Many offices limit the ability to replenish an account by more than 20 thousand dollars. This is obviously done in order todid not accidentally win by betting, for example, a million. On the other hand, even with these 20 thousand, you can trade quite successfully, making daily profits at the level of a thousand dollars. Another question is whether you will succeed, if you will not lose your investment at the initial stage.

How to get started?

Many people want to experience what binary options are. Reviews (real ones from beginners who have just learned about this financial instrument) indicate that many begin their trading in the first hours after reading some motivating articles and watching commercials. People are literally fired up with the idea that they have the opportunity to start with such simple financial instruments. And all they have to do is create an account, replenish it with a certain amount of funds and start “predicting”.

Another thing is that many of these people lose their deposits quite quickly, probably even during the first day of trading. That's when they understand what binary options really are, how frivolous they were about such an occupation as trading.

No, you do not think, of course, there are people who manage to earn money in this area, and on a regular basis. Perhaps these are just successful financial market specialists who know some better binary options strategy that is inaccessible to us, ordinary people. Or another option - perhaps such people are just guessing, using their luck.

WhateverIt was, and according to statistics, most of those who try their hand in this area lose their deposits. Sometimes even a lot of money goes to a trading broker.

Training

So, if you really want to start working here, you need to go the other way. Yes, you need to create an account first, but it is better if it is binary options with a demo account. Get yourself such an account - and you will be given the opportunity to practice on virtual currency, which is not a pity to lose. Let's say you are provided with a trading account with all real trading instruments, as well as a certain balance, on which a certain number of virtual “chips”, as they are called, are located. That's it, now your first task is to figure out how the office is arranged, what opportunities are provided to the user, what this or that detail in its interface means. The second is to begin to acquire knowledge and skills related directly to the trading process. For example, you should be interested in the best binary options strategy and how to find it; finding some universal approach to how to determine the further movement of the value of instruments, and so on. All this you need to comprehend in the learning process - both by trading in demo mode, and with the help of specialized literature and other educational materials.

Platforms

Don't worry about where to trade. Today, there are many companies that provide brokerage services in the options trading process. The difference lies in their conditions, income rates, options for choosing a currency forreplenishment and other similar nuances. You can find more than one list of binary options brokers, which includes, for example, IQOption, GoOptions, FMTrader, UTrader, DragonOptions, CherryTrade and others. Each of the companies provides its users with different conditions. For example, on the very first site, IQOption, the minimum deposit (the amount of funds with which you would like to start working) is only 10 dollars; while FMTrader has the same “minimum allowable deposit” of $250. This is just one of the conditions, which, as we understand, varies significantly depending on which of the companies you cooperate with. There are also conditions such as the rate of return, methods of depositing and withdrawing funds, the availability of bonuses, the opportunity to receive high-quality support, and more.

Reviews

Choosing a trading platform on which you will register must be done with all responsibility. Various factors need to be taken into account. True, the most significant for many is the minimum deposit amount, since it is it that determines the “entry threshold” for many traders who master what binary options are. Reviews (real, from newbies) again show that most people are interested in companies that allow replenishment of 10-20 dollar deposits, which do not hit the pocket so much. They are, of course, less pitiful to lose, which is why people take an increased risk. I would like to note that such tactics are not justified, since there is no difference how much to lose. Both 10 and 250 dollars are money,allocated for an experiment, for a risky operation. Speaking purely from the point of view of principle, the lost funds are lost, regardless of their size. So even $10 should be taken more seriously.

Trading strategies, robots, advisors

Today you can find a lot of information about how to make options trading easier for yourself. In general, after reading such information, it is difficult to imagine clearly what binary options really are: a real financial instrument that lends itself to analytics, or a casino in which you need to “guess”. After all, some people really bet on the latter. You can understand this at least by the most common trading strategies presented on the Internet. In particular, there is the "Martingale" technique - a method used in gambling. It consists in betting on one position (only "black", or, in the case of options, only "Growth"), doubling your stake until this category actually falls out. According to all mathematical calculations, a person conducting such activities needs a large bank - after all, it is not known exactly when he will get what he bet on; and for a constant doubling of the contribution, money is needed. True, such a “strategy” (if it can be called such) does not always work. Brokers that provide such a tool as binary options (real reviews, from beginners, at least testify to this) are aware of such a trading system, so they have developed a lot of tools to prevent such enrichment of the trader. It maybe tracking systems for the actions of the player, which will track such merchants.

Another system is to bet on the “opposite” outcome. For example, you bet on appreciation, but saw that the currency is rapidly falling. In order to somehow reduce your losses, bet on a reduction in price and wait. Thus, at least you will lose less due to the principle that your losses will be approximately equivalent to the income from the fact that the currency (or shares) began to move in the opposite direction. However, even if we assume that your profit and loss will be the same, do not forget about those 30-40% that the platform takes. They won't let you "go to zero" anyway.

An alternative is the so-called “robot” for binary options. In essence, we are talking about various programs and scripts that perform various functions, for example, analysis, calculation, forecasting, and others. For some reason, users believe that by running such a program, they will be able to earn millions. Some, however, are ready to buy a binary options robot that would help them make profit on the machine. But, again, if there are any working solutions, it is unlikely that anyone will sell them to you. As for free robots, it's probably best not to deal with them.

Today there are many books that describe other strategies. Everyone can read more about them and get some additional benefit for themselves. The main thing is to try to learn more about the theory. At the same time, we recommend that you watch how the binary options chart behaves in real time.time and try to make some predictions in this way. It should be noted right away that they will not believe in you and in your success right away, perhaps even during the learning process your loved ones will try to dissuade you. And don't forget to study binary options with a demo account - it's quite a useful tool to deepen your knowledge in this topic.

Reviews again

There are many reviews and opinions about what options trading actually is. There is no single point of view. Perhaps it happened because different people have their own, individual experience with this tool. Here, how lucky someone is: some people were able to break their profits and made sure that binary options in Russia are a real tool for making money with the right approach. Some of them start blogging, explaining it to others; talks about how to start trading and what strategies to follow. Of course, such strategic approaches do not work for everyone. There is also a category of people who simply give up and give up the idea of starting to make money on trading. They may even lose their first money, after which they realize how risky binary options are.

We do not recommend working with this financial instrument without registering a demo account. If you treat options like roulette, then yes, you can safely replenish your account with the desired amount and start the “game”. Otherwise, if you really want to understand howto predict the market in the short term, you need to learn.

Conclusion

So, in this article we have reviewed the basics of what options are, how to work with them and what kind of financial instrument it is. As conclusions, we can say the following: the nature of this way of earning depends solely on the approach of each particular user. If you are into trading, think analytically and study influence, you can quickly master this way of earning and, of course, reap some benefits for yourself. True, it should be understood that not such a large percentage of people who tried their hand at options managed to achieve this.

And there is, of course, the second approach - work at random. This method is used by more people who study currency trading. The results of such an attitude are appropriate.

Still, of course, we can talk about such factors as randomness and the “casino principle”. The first, obviously, is that in the short term (say, if you make deals for 30 seconds or a minute), it is very difficult to predict how the market will move. Therefore, pure luck plays a rather important role in this. The second point is the very organization of the work of some platforms. In particular, we are talking about those that do not provide their users with enough information for analysis, which is why the trader simply does not have the opportunity to make normal forecasts using their tools. Beware of such sites. Work exclusively withproven platforms with all the necessary functionality and a solid knowledge base for successful trading on a regular basis.