Hey Friends, the first day of this week, I am going to share a new trend of making money online which was named after so-called Trading business.
This is called Binary Options Trading, which empowers many individuals and corporates to become a millionaire in a shorter period of time.
This is not a magic but works on logic. People who have the market knowledge can easily get into this business with a little investment to start.
Make your investment in any tangible (or) intangible products, and trade upon to make profits over time.
We will discuss this method more in detail in this article. Let’s get your note and pen to take down important aspects that will be a nice decision for a perfect start.AD
Table of Contents
2.1.) High earning potential
2.2.) Quick outcome
2.3.) Ease of trading
2.4.) Affordability (independence of stock price levels)
7.1.) Free practice
7.2.) Minimum entry threshold
7.3.) Maximum profitability
7.4.) Quick and smooth money withdrawal
7.5.) No extra fees
8.1.) Technical settings and design
8.3.) Types of accounts
8.4.) Depositing and withdrawal of money
8.5.) Educational opportunities
8.6.) Technical Support
8.7.) Customer Reviews
The World Wide Web of today offers plenty of opportunities for making extra income online to both employed and unemployed people.
If you are one seeking to improve your family budgets, then you’ll find it worthwhile to learn about binary options – one of the most innovative styles of trading.
This is a type of a short-time investment, that does not require buying actual stock. All you have to do is forecast the direction of a stock price fluctuation, which is possible to do via some basic analysis of the market.
As the name suggests, there are only two types of binary options to select from: Call or Put.
Some binary options brokers use the Up or Down terminology, but they mean essentially the same.
This new style of trading has attracted a huge number of traders and is getting more popular by each passing day. The reason why it is experiencing such a huge growth is that it offers an unmatched money-making potential in a very small period of time.
In binary options trading, all you have to do is to predict the price level movement of an asset. Suppose you want to trade the Apple stock with binary options trading. Let us assume that the Apple stock is currently trading at $93.5689.
You have to make a prediction if the stock price of Apple will be higher or lower than the current price level after an expiry period (The expiry period is selected by you).
Suppose you predict that the price level of Apple will be higher than its current price level after one hour. If your prediction is correct you will earn a profit of about 80%. However, if your prediction is incorrect you will lose the amount you invested.
2.1.) High earning potential:
When it comes to the money-making potential, nothing beats binary options. You can nearly double up your money by trading in the binary options market. In fact, there are some options which can even give you a profit of 500%.
2.2.) Quick outcome:
The expiry time for trading binary options is very short. It is generally in terms of hours and can be as small as 30 seconds.
It essentially means that you will get immediate results and you certainly do not have to wait for a long time to know the outcome of an investment.
2.3.) Ease of trading:
Trading binary options are very easy. Anyone with an internet connection can trade at any time during the trading hours. You can trade from anywhere in the world.
In fact, you can use the dedicated apps using which you can trade via your smartphone while traveling. Not much information is required to start trading in binary options.
However, being able to trade and being able to make profit require totally different skill levels.
2.4.) Affordability (independence of stock price levels):
The actual stock prices do not matter much in the case of binary options trading. All that matters is if your prediction regarding the price level was correct or wrong.
It essentially means that there is no difference if your prediction is correct by 0.1 points or 100 points. Both give the same result. Same is true when your prediction is incorrect as well.
All that said, one thing is important to keep in mind before you invest: all the attractive features of binary options trading come at the price of a big risk factor. A risk factor is, of course, high but so are the rewards.
Regular trading (also known as vanilla trading) and binary options trading might look similar at first for a newbie to financial markets, but in truth, they are very different from each other.
One key difference is that in vanilla trading the actual value of the price level matters. In binary options trading, all that matters is whether your prediction is correct or not.
Suppose Google is currently trading at $100. If you buy the stock in vanilla trading and after a day the stock is priced at $101, you will earn a profit of 1%.
Meanwhile in binary options trading, if you buy the Up option for Google which is trading at $100 with an expiry time of 1 day and the price level of Google is $101 after 1 day, you will earn about 75%.
In fact, it doesn’t matter how high Google ends. As long as it makes your prediction correct, you will make the same profit.
It is therefore for the same reason that you will make the same profit in binary options trading if Google would have ended at $200 or $120 or $500 after 1 day.
The risk factor in binary options trading is significantly higher than in vanilla trading.
Taking the previous example if Google had ended up at $99 after a day, a vanilla trader would have lost just 1% while a binary trader would have lost all the invested amount (considering the trader had selected the Up option).
When it comes to the expiry period, vanilla options have very long expiry periods of 6 months, a year, 5 years etc. But in binary options trading, the expiry period is generally just a few hours. It can be as small as 30 seconds.
In binary options trading, you can easily make money even if an asset is falling down. It is not possible with vanilla options.
Vanilla option traders may buy a falling stock when they feel that the asset has hit its minimum and will start to rise soon.
Binary options traders can just select the Put or Down option and if the price level of an assets ends lower than the strike price after the expiry time, a profit will be made.
Binary options traders can’t sell their bought option before the expiry period.
If a trader has bought an option with an expiry period of one hour, he or she will have to wait till the expiry period ends to get a result and it can’t be sold in between.
A vanilla trader, on the other hand, can sell the bought options anytime.
High money-making potential
Small expiry time
Actual value of an asset doesn’t matter
Profit can be made if an asset price falls
Low money-making potential
Big expiry time
Actual value of an asset matters
Low to moderate risk business
Profit can’t be made if an asset price falls
Theoretically, a binary options trader can become a millionaire – because there is no sky to how much you can make by making correct predictions.
You can nearly double your money every few seconds. Although being correct all the time is not practically possible – one has to remember that.
Let us take a few assumptions and calculate your payout. Suppose you invest $100 in every trade and have an accuracy of 80%.
Let us also assume you execute 30 trades per day and the average payout is 80%. In this case, your pure profit is $57,600 per month.
Even if your winning rate is 70%, you will pocket a monthly income of $50,400. The best part is that you can earn this money sitting on your couch.
As per a report published in binary today, a trader makes more than $20,000 per month by trading binary options.
He follows some basic strategies with discipline and gets amazing results. There are many similar success stories on the web.
Generally, the answer to this question goes: “Anyone who is interested in making online home income, wants to try this type of financial instruments and has a good Internet connection”.
For a start, basic knowledge of the financial market and access to economic news will be enough.
Talking in a more long-term perspective, one has to be open for self-education. The more extensive learning you get, the better you can create a well-structured trading plan and not rely on sheer good luck.
Luck is part of the fun, of course, but its combination with proper skill will lead you to more steady income in the future.
In this context, when you are selecting a broker – which is the first thing you need to do – pay attention to the training and practice facilities the company provides.
If all the above has sparked your interest in binary options trading, your first step will be choosing among a variety of brokers on this growing market. How should one make such a choice?
Things which are of crucial importance:
••• Ease, convenience and transparency of the trading mechanism
••• Profitability levels offered by the broker
••• Opportunities for education and improvement of your trade skills
••• Honesty and reliability, confirmed by credentials from official bodies.
There are not many companies who stand out of the crowd by virtue of their premium trading serves, and Olymp Trade is one of them. This Seychelles registered broker was founded by Smartex International Ltd. and has operated on the market since 2014.
Olymp Trade is an “A” member of the International Financial Commission, an independent organization that provides and guarantees the protection of traders’ rights. Which means if a broker acts unlawfully, the Commission reimburses the trader up to $20,000 from its Compensation Fund.
The broker is highly recognized by the industry professionals and boasts four important awards, received over a short period of time:
••• IAIR AWARDS prize in the category “Best Binary Options Platform”
••• KROUFR Awards as the “Best Binary Options Broker”
••• ShowFX World prize as the “Fastest Growing Broker”
••• CPA Life Awards international prize as the “Best Financial Broker”
Now we shall dwell a bit more on its advantages, which matter especially for a beginner trader.
7.1.) Free practice:
Each trader is given access to a free demo account with 10,000 virtual units right after the registration. It is particularly useful for beginners who can practice as long as they wish before trading with real money.
The balance is rechargeable if it has less than 5,000 units (back to 10,000 for free), and you can always go back to the demo mode – in case you want to practice a new strategy.
7.2.) Minimum entry threshold:
Depending on the account currency, you can start trading binary options with just $350/$10/€10/20
7.3.) Maximum profitability:
With Olymp Trade it is possible to earn up to 80-90% of the investment if your forecast was correct.
7.4.) Quick and smooth money withdrawal:
As soon as you make a profit, you can apply for a transfer of money to your bank card or an e-wallet. The processing usually takes no more than a day or two.
7.5.) No extra fees:
The broker bears commission for all incoming and outgoing payments.
The company has developed its own trading platform and continues to improve it every day. This is an essential thing because it implies almost zero chances of technical failure – so you may be positive that the platform will not freeze at the most inappropriate moment.
The product is custom-designed by the broker with input from experienced programmers, financial analysts and traders. It provides convenient tools for the market analysis, so you could make informed “up or down” decisions every time.
Available in both a desktop version and a mobile app, downloadable at Google Play.
8.1.) Technical settings and design
The platform is designed in a very user-friendly, understandable way. Once you look at it, trading on the financial market immediately becomes less dense and daunting. The design will not make you doubt whether trading can become a part of your life – you will know that it can if you wish.
One of the platform’s advantages is that traders can adapt it to their own liking:
••• Change the language: Vietnamese, Russian, English, Thai, Indonesian, Spanish (LATAM), Portuguese (Brazil), and Turkish are available;
••• Select how the chart is displayed: area (line), Japanese candlesticks, or HeikenAshi;
••• Set the color scheme to light or dark.
The technical settings are equally varied. Traders can:
••• Change chart time frames from 25 seconds to 1 month on the area chart and from 15 seconds to 60 minutes on the Japanese candlesticks and HeikenAshi;
••• Add indicators and oscillators to the chart to analyze it more accurately.
The Olymp Trade platform is pretty versatile and allows to trade in a variety of key assets:
••• Foreign exchange market assets (currency pairs);
••• Assets of the stock market (stocks, bonds, indices, etc.);
••• Assets of the commodity market (gold, silver, oil, etc.);
••• Exchange assets of the cryptocurrency (Bitcoin is the most popular).
8.3.) Types of accounts
The platform offers 3 types of accounts: demo-account for a newbie, a standard account for everyone willing, and a VIP account with special privileges for more experienced traders. See a more detailed description in the table below:
8.4.) Depositing and withdrawal of money
Use any of the following ways to make a deposit:
••• Through E-wallets: Qiwi, Webmoney, Epayments, Neteller, Skrill, Yandex.Money, and Bitcoin;
••• Through Visa or Mastercard bank cards.
You can also withdraw money through the same payment systems.
Important: you can make a withdrawal only to the same e-wallet/card that you used to make a deposit. This rule enables the broker to guarantee payment security and protect traders’ funds from fraud.
The maximum withdrawal time is 3 business days, but the broker tries to process traders’ requests as quickly as possible. All operations are commission-free.
8.5.) Educational opportunities:
Never had a trading experience before? No worries. Olymp Trade offers a whole range of educational materials that will help improve your confidence – whether you are a complete beginner, or a trader seeking more in-depth expertise. At your disposal are:
••• Video tutorials
;••• Interactive courses;
;••• Strategies developed by leading analysts.
Besides, the broker supports its customers in various social networks. Join the company Facebook page and YouTube channel to get access to all up-to-date information, extra educational content, daily analytics and articles with useful trading tips. Not to mention special contests offering bonuses and gifts for the lucky winners.
8.6.) Technical Support
Olymp Trade technical support department operates 24/7 – every day, around the clock, so be sure that your question will be answered by specialists promptly and at any time.
For English-speaking support, you can call on +357 25030996, write to [email protected] or ask your question in the online chat on Olymp Trade platform.
8.7.) Customer Reviews
You may find it useful to read some feedback from Olymp Trade customers.
Nobby Jackson describes his experience of binary options trading in this manner:
“As an amateur trader, I was overwhelmed by the number of binary options brokers. I, being an amateur trader, was looking for a broker which offered a quality way of learning how to trade and high payouts.
Olymp Trader offered both. My trading experience with Olymp Trade has been phenomenal. I am able to make a consistent profit and learn how to trade better.”
Steven Levitt, another amateur trader, puts his experience as follows:
“I love the way Olymp Trader has designed its trading platform. It is easy to use with simple navigation. The fact that you can do a lot of analysis using the website itself makes my trading very smooth.”
Making an online income with binary options is a reality. And you will not have to sit long hours in front of the monitor in order to do that. Besides, it is totally affordable.
You may start with only a ten-dollar deposit, investing as little as 1 dollar in every trade before you gain more expertise and confidence.
Choosing a reliable broker is essential, and the Olymp Trade platform offers all the necessary facilities and transparency of trading.
The platform now has more than 6.5 million registered users with at least 20,000 traders actively trading each day.
You can easily join them and start utilizing the earning potential of financial markets while sitting at home.
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