Estimated reading time: 6 minutes
Last Updated: May 30, 2017 @ 14:00 GMT
With beginners in mind, i am writing this article to explain how you can make money from binary options trading without ever learning how to trade!
Yes. Everything has been made really simple by other professional traders.
People, especially the newbies often think that binary options is “scam” especially after considering what other minority are saying about it but i can boldly tell you that trading options is not fake.
Needless to say, binary options is a new innovation in the world of online financial trading which came into existence about 3 – 6 years ago.
In simple terms, Binary options are types of trade options where the payoff (reward) received is either all or nothing at all. This type of option has really gained popularity in recent years with more binary options brokers appearing day by day.
In this type of trading, there’s no need to worry about liquidity and volatility of assets any longer when executing digital option trades. It fixed payout and there are only two possibilities in this type options. First, either the price of the current rate of asset will rise or fall within a specified time frame. Your ability to predict correctly, the result of your binary option trades will determine the reward you’ll get after the trade has expired.
Terms like “In the money” and “out of the money” are binary options jargons often used to denote when a correct prediction has been made within a specific time frame or incorrect prediction made within the same time respectively.
It is very simple to understand and use because the most important thing you need to know is to predict correctly, the asset’s trend direction within a specific time frame.
Assets traded in options could be stocks, commodities, indices and forex. Since it have expiry times and dates, your fixed return price is also known as the strike price.
What i consider best aspect is that regardless of how much the instrument or asset has moved, you are paid a fixed return on expiry provided the correct prediction was made. On the other hand, a trader who predicts wrongly on the asset’s direction will end up losing a fixed part of his or her investment or can even lose it all at expiration.
If a trader believes the market trend of an asset will go higher at a specific time, the trader would purchase a “call” while traders that believe the market trend of the same asset will go down for that specific time frame would purchase a “put”.
In both directions, you can make money by earning a fixed return on your investment provided the correct prediction was made.
For a call to make you money, the current price of the asset must be above the strike price at expiration. In the same vain, for a put to make money, the current price of the asset must be below the strike price at expiration.
One major advantage of trading options is that both the risks involved and reward are known. This simply means that it doesn’t matter how much he trade moves in favor or against the trader. One the factor is always certain, win a fixed proportion of your investment or lose a fixed proportion of the same investment.
Because of the high rate of return on investment often witnessed ( e.g 70%, 80% and up to 90% returns), one would think it’s a quick way to become very rich overnight. Don’t think that way because the major demerit is that the reward is always less than the risk staked on a trade.
As a newbie, you have little or no knowledge of the various strategies used in predicting whether the price of an asset will rise or fall within a specified time frame.
As a result of this, we need the help of signal providers to make money with binary options trading.
As a result of our extensive research, we’ve come up with three genuine binary options signal providers you can use to make money online with binary options.
#1. Super Simple Bot (Best for Automated Trading and Perfect for Beginners!)
If you don’t have the time to trade but still desires to make consistent monthly profit, then binary option robot software is for you! It works just as its name sounds. It is a robot that trades binary options automatically on your behalf even when you’re asleep in the deep hours of the night.
This robot saves your precious time because there’s no more need to perform extensive fundamental and technical analysis before trading.
The robot trades by using the most important trading strategies which are the classic system, Fibonacci system, the martingale system and a combination of some other advanced binary options trading strategies.
Best of all, it is free of charge and works as well. Generally, i don’t consider the cost of some of these robots when purchasing them because the profit they make for me will usually surpass their cost in just a few hours of usage depending on my account equity.
With the binary option robot, you’ll get access to the following:
Binary options robot (binary-option-robot) is an automated trading software for binary options. It is an executable file that can be freely downloaded to your computer. It generates signals and as well trades on your behalf using those signals.
The signals are generated based on the technical strategies that are integrated into the robot. The robot works by analyzing the market trend in real time and calculating the live value of each indicator (MACD, RSI, Stochastic oscillator, William’s percentage and Commodity channel index). The indicators that gives best signals are MACD and RSI.
With this robot, you’ll get access to the following:
This kind of robot is best for beginners as well as traders who don’t have time to study the market and execute the trades by themselves.
#3. Signals365 (Best Manual Signal Provider)
Signals365.com is a professional binary options signals service that generates 100+ signals per day with a 65-70% win-rate. Signals365.com is developed by a team of professional traders and developers with no affiliation to a broker. All of their signals are delivered on an intuitive signal interface with sound alerts, warnings and countdowns of when to take a trade.
Unlike other signal services, Signals365.com also published all of its results for full transparency.
You can get unlimited access for free by signing up to a broker on their site now.
If you a total newbie and don’t even know where to begin in your binary options trading journey and career, i strongly suggest you use the Super Simple Bot for trading as most beginners have seen amazing results and tremendous success with the robot.
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