Binary Review Faunus Education

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

iFXEXPO Industry Review: Binary Options Creating a Buzz

One of the overwhelming themes of the iFXEXPO was that binary options are a hot product in the market. We

One of the overwhelming themes of the iFXEXPO was that binary options are a hot product in the market. Not only did platform providers make themselves very present at the show, with large booths and sponsorships, but among attendees there were quite a few binary option brokers looking for networking opportunities and new ideas. During the conference, Forex Magnates prepared a questionnaire to canvas conference-goers about their opinions on several topics. With regard to binary options, the overwhelming consensus was that respondents were bullish on the industry. This included opinions from established FX players who appeared to believe in the opportunities of the binary options industry.

Forex Interest

With binary options playing a large part of the show, it wasn’t surprising that we spotted FX brokers talking with binary providers. Over the last year we saw the likes of several mid-size brokers such as Markets.com and VantageFX launch binary products. At the iFXEXPO we witnessed some deeper discussions taking place, with FX brokers putting in time to do due diligence on associated operating and marketing costs involved with binaries. As opposed to 2020 where it seemed that binary options and forex was serving two different types of traders, there appears to be more interest in cross-selling of the two products.

New Products

Networking by the SpotOption Booth

Before the show, there was an abundance of firms releasing new products in advance of presenting at the iFXEXPO. Products included an updated trading platform from SpotOption, Tradologic’s new user interface skins, ‘all in one’ FX and binary trading from Techfinancials, and social binary trading from Tradesmarter. In addition, to the standalone platforms, there has been an emphasis on creating products to integrate binary options on FX platforms. This was seen by Panda TS acquisition of Polar IO and their binary options platform software. The deal is expected to provide increased efficiency in merging binary options trading with Panda’s existing binary/MetaTrader integration. The deal also comes as it was recently reported that TradeToolsFX has launched a non-plugin product to provide binary options on MT4 to allow it to be compatible with MetaQuotes licensing.

Not presenting at the iFXEXPO, but attending, were other firms that spoke to Forex Magnates about their new products. Among them, was a new broker called CTOption which has recently launched using its own proprietary platform. While the industry is currently dominated by firms using turnkey white label solutions from a handful of binary options providers, we are beginning to see more brokers work on creating their own products. Having a proprietary product can provide brokers with greater flexibility in terms of adding new products, tweaking the user interface, and handling demands from affiliates. There are also long term financial benefits to be gained by cutting out third party firms. Of firms with proprietary products, AnyOption has had success with its product, and was currently ranked as the number two binary options broker in terms of deposits in Forex Magnates Q1 Forex Industry Report. CTOption CEO Zacky Pickholz explained to us that their goal when developing their own platform was to put an emphasis on client usability.

Although cost intensive to launch a proprietary product and beyond the means of many new binary brokers, it is expected that more firms will begin to develop their own products. Specifically, deep pocketed binary options companies, as well as forex brokers that are currently dipping their toes in binaries with white label platforms are likely candidates to launch proprietary offerings.

Social Trading & Signals

Another area that is seeing innovation take place is in regards to copy trading. Earlier this year we wrote about SignalPush, a signal trading marketplace for the binary options industry. The firm provides products for traders to purchase signals and trade their accounts automatically. In addition to SignalPush, Forex Magnates was introduced to a competing product called SignalIndex shortly before the expo. Recently launched, SignalIndex connects with GOptions with further brokers expected to be added in the future. According to Stefan Pajkovic, Founder of SignalIndex “we are creating an ‘app store’ for signals. We want to be the delivery channel for anyone that is sending alerts.” In addition, Pajkovic explained to Forex Magnates that they are looking to add value to the signal providing space by creating a ‘branded’ marketplace which will “allow brokers to offer a white label version of the signal index that offers inventory of signals “.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Brokers are also looking to work directly with signal providers. At the iFXEXPO, we spoke with Pavel Bykov, Chief Development Officer of Faunus Analytics whose signals are being offered through SignalPush. He explained that individual brokers have been showing interest in their product with discussions about direct signal connections without the need of middlemen marketplaces. On this, Bykov referred us to a direct hookup with binary options broker Cititrader that has recently been formulated in addition to their existing partnership with iOption.

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What it interesting about the demand for binary options signals are the low probabilities of success. With binary payout in the range of 70-85%, it forces signal providers to require a 58-70% win rate to be profitable. As such, both brokers and signal middleman have admitted that long term gains are difficult with signal providers. In this regard, Pajkovic mentioned that their product provides the opportunity for users to manually accept signals. Therefore, if a provider is doing poorly or sends a signal for an option that looks interesting, users can elect to trade or reject the trade. Overall, despite the low probabilities, signals continue to be in demand from traders and are being priced in the hundreds of dollars.

O-Systems Social Trading Wall

Following on the concept of signals, social trading is becoming more popular. Earlier this year we wrote about a new binary provider called O-Systems which launched social trading tools. Although initially having a rudimentary look and features, the product was a start. At the event O-Systems Co-CEO’s Haim Lagziel and Tzahi Nachmias showed us an update of their social trading interface ‘Trading Wall’ . They mentioned that that product, as well as a ‘limit trading’ feature has allowed them to distinguish themselves from other providers and they have launched with several brands recently.

Overall, with the launch of new platform interfaces, social trading, etc, we are seeing binary firms beginning to separate themselves from the competition. Specifically in regards to mobile products, providers are showing differing interfaces to appeal to varied users. As such, what initially appeared like multiple providers all launching similar products, firms are beginning to carve out their own looks and features.

Crowded Space

In addition to proprietary products mentioned above, at the event we also learned of another binary options provider set to launch this year. Despite the huge interest taking place for binary options, the question becomes whether the space is becoming too crowded. Including third party technology firms like Panda TS, there are around ten firms that currently provide binary trading solutions for brokers. With more proprietary platforms coming, it could lead to decreased businesses from established binary providers.

Tradologic Branding Was Everywhere

In terms of a ‘funding crunch’ Forex Magnates has heard from sources that the recent bank haircut in Cyprus caught several providers and brokers off guard and led to them absorbing losses as a result. Additionally, among the leading binary providers, there are reportedly at least one or two firms facing financial difficulties, causing them to seek further funding, partnering with another company, or exiting the market. Such instability would be a boon for well-funded providers, as new binary brokers may be more inclined to work with firms that have a lower risk of folding. Also, the exit of one of the players could lead to existing brokers re-evaluating their solutions providers for possible changes. In this regard, it was interpreted that Tradologic’s mass presence and spending during the iFXEXPO was their way of letting the industry know that they are well capitalized for the future.

Cyprus, Regulation & Gambling

As mentioned above, several firms took a hit due to the financial crisis in Cyprus recently. It was explained to us at the iFXEXPO by several payment providers, that many binary firms were using Laiki Bank, which was the hardest hit bank in Cyprus. As a result, brokers that may not have spent much time evaluating the differences between payment solutions are now taking the product more seriously and looking for more diversity. However, regardless of the financial effects, Cyprus continues to be the main destination for binary options brokers seeking regulation. The island offers one of the easiest paths to ‘legally’ (see Italy bans binary IPs) market to mainland Europe, as well as providing accommodating tax rates. In addition, there is an ample supply of employee candidates with FX experience which is driving employment costs lower in the Cyprus’s forex/binary options industry. For these reasons, providers of accounting, legal, and regulatory services in Cyprus singled out binary brokers as a critical driver of their businesses.

Despite the availability of regulations to binary options firms, at the iFXEXPO we also met with a quite a few brokers that have chosen to stay unregulated. These firms are typically targeting specific regions where the company founders have previous experience in online marketing. Our speculation is that binary options are being viewed as an online turnkey solution for them to leverage their existing marketing and sales teams, while having a low cost of entry. Most firms though mentioned that regulation was an area that they would evaluate in the future. However, the feeling that we received is that many of the unregulated brokers aren’t in it for the long term, and the expenses related to regulation are cost prohibitive until their businesses grow.

Talking about regulation, it is quite evident that the trend among binary platform provider is to offer shorter expiration durations and more trading activity. As a result, many of the ’60 second’ options have more of a resemblance to gambling than trading. This is occurring even as it looks nearly 100% apparent that Japan will soon outlaw short term options and set a minimum two hour time period for contracts. The two hour minimums are part of the JFSA’s goal of creating binary option regulation to distinguish it from online gambling products which are mostly all illegal in Japan. As such, Japan is setting a regulatory precedence in regards to shorter durations which could lead to restrictions being proposed in more regions. The definition of where binary options fall was also debated recently by the Maltese financial regulators that decided to regulate it as opposed to including it as a gambling product.

However, brokers and providers don’t appear to be too concerned about their products resembling gambling and the emphasis is solely on optimizing trading volumes. Whether this bites the industry in the future remains to be seen. What is apparent, is that like it or not, binary options are very much a active and important part of the FX industry today.

BinaryBook Review

Review

BinaryBook is a relatively new binary options broker. Based in London and Anguilla, BinaryBook offers a user-friendly trading platform with a variety of assets such as stocks, commodities, indices and currencies. They offer beginners as well as professional traders ease of trading, dedicated customer service and exceptionally high payouts. BinaryBook.com is one of the few binary option brokers that accept U.S. clients.

Accounts

There are five different account types to choose from at BinaryBook. The Micro Account helps novices to gain trading knowledge without the need of facing financial risk due to lower investment amounts. A $250 deposit is required and with that traders receive a free 20% welcome bonus.

The Basic Account is designed to help binary options traders who have had some success in the past and wish to improve their return on Investment through excellent learning materials, trading tools and defined strategies. To start the Basic Account, a $500 deposit is required. It comes with a free 50% welcome bonus, one risk-free trade and one month of free Basic Trading Signals(Worth $200).

BinaryBook’s Gold Account is the ideal choice for advanced traders who wish to make large-scale investments and generate larger profits. $5,000 must be deposited into the account and Gold account holders receive a free 75% welcome bonus, two risk-free trades and one month of free Gold Trading Signals (Worth $500).

The fourth account choice at BinaryBook is the Platinum Account which requires a minimum deposit of $10,000. This account is ideal for high-volume traders that aim towards a heightened trading experience. There is a 100% welcome bonus in addition to five risk-free trades and two months of free Platinum Trading Signals (Worth $1,000).

All the above accounts come with access to BinaryBook’s highly-secured platform and to the BinaryBook Academy, as well as a personal account manager that closely follows a client’s trading activities and provides customer support wherever in need; from 5 to 10 hours of trading sessions with one of BinaryBook’s expert traders and additional promotional incentives (Up to 75% per deposit).

With an initial deposit amount of $50,000 or more, a trader is entitled to an exclusive VIP package consisting of more benefits and discounts. To open this account, one must contact an account manager via Chat, email or telephone.

BinaryBook offers an Islamic Trading account which is fully compliant with the Sharia law and excludes any Riba (commissions and Interests). Those of the Muslim faith can benefit from the advantages of binary options trading without jeopardizing their faith.

Education

Educated clients are important at BinaryBook and there is much to learn at the broker’s Trading Camp. BinaryBook offers a wide range of learning material for both advanced and beginner traders. There are visual and interactive resources such as a range of videos and e-books as well as in-depth tutorials and lessons. Assistance can be obtained upon request from expert traders on staff at BinaryBook.

Deposits/Withdrawals

Deposit funds can be made securely and without any hassles. BinaryBook accommodates for the largest range of deposit methods, allowing traders worldwide to take advantage of exceptional trading features. Most credit cards and debit cards such as Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch) and Solo are accepted as well as bank transfers and Neteller, cashU, Webmoney and UnionPay.

Withdrawals are executed by sending a request via email. A minimum withdrawal is $100 but there is no limit to the amount that can be withdrawn from a trading account.

Bonuses and Promotions

BinaryBook offers several bonus programs. Welcome bonuses range between 25% – 100% depending on the type of account chosen.

As part of the refer-a-friend program, any trader who recommends BinaryBook to a friend can earn up to $100 as cash bonus.

BinaryBook also offers risk-free trading to its traders to make binary options trading even more profitable. An initial deposit of $1000 generates 1 risk free trade; for a deposit of $2000, 2 risk-free trades are offered and for an amount of $10,000, 5 risk-free trades are offered.

In addition, for each deposit made, BinaryBook gives a redeposit bonus, up to a maximum amount of 100% of the initial deposit value. They also offer occasional discount codes and promotional offers through their social media websites (Facebook, Google+, Twitter), and mailing lists.

Customer Support

The BinaryBook website and customer support are available in English, Arabic and Turkish. Support is provided through Chat, emails or phone to numbers in the UK and Bahrain. I contacted the Chat service for a query about trading and received a quick and informative response.

Conclusion

Trading at BinaryBook is an enjoyable experience. The website is lively and colorful and there some excellent features. Setting up an account, selecting an asset and placing a trade is simple and timely and it can all be done within a few minutes.

Features

BinaryBook has an exceptional website with a host of great features. One of the goals at BinaryBook is to provide an arena that ensures the protection and privacy of its customers and although there is no official regulation, the broker has gone out of its way to put in place all meaningful security measures so traders can feel secure.

It’s always beneficial to offer traders a choice of different accounts and the five accounts at BinaryBook span the choices from Micro account where $250 is the required minimum deposit to the Platinum account with a minimum deposit of at least $10,000. And then there is the VIP account for those with $50,000.

What are Binary Options? – Honest Review

Binary Options is a financial instrument to trade on long or short markets in a certain period of time. The Trader only got 2 options: Win a high amount of money (75% – 95%) or lose the investment amount for this trade. It is like betting on rising or falling markets. Binary Options are very flexible. It is possible to trade any financial market and use different time horizons (starting from 30 seconds).

  • Call (Higher): Make a forecast for rising markets
  • Put (Lower): Make a forecast for falling markets

Make a forecast for the future price direction

In this article, I will show you exactly what are Binary Options and how do they work. Knowledge is the key to success. Read about the risk and the opportunities to make money in the following text.

Where to trade Binary Options in 2020?

In the next steps, I will show you how Binary Options (Wikipedia article) work. You will understand it in a few moments. But first of all, where to trade Binary Options?

You will need a Binary Options Broker (see the table below). I searched after the safest companies which give the highest return for traders. There are different companies around the world who provide this financial service. You can open a free demo account. This is an account with virtual money so you can learn how to trade without risk.

First steps:

  • You need a company (broker) which provides the financial service (Binary Options)
  • Open a free demo account with virtual money (Virtual trading without risk)

Best Platform
Highest Yield
Best Support

Broker: Review: Regulation: Yield: Advantages: Open Account:
1. IQ Option (5 / 5)
Read Review
CySEC (EU) 100%+
2. Olymp Trade (4.8 / 5)
Read Review IFC 92%+

Huge diversity
High Yield 92%
Bonus Program 3. Expert Option (4.8 / 5)
Read Review VFSC, FMRRC 90%+

Good Platform
Account Types
Good Education

Is Binary Options Trading safe or not?

Safety is the most important point in online investing. You should choose a good and reliable broker which is safe. I recommend using a regulated company for your investments. Have a look on my full Binary Options Broker Review to find the best one. There are regulated and unregulated companies for trading. It always depends on the broker to trade safely Binary Options.

I did a lot of research and clearly, I can say that a regulated broker does not cheat to its clients. Normally unregulated brokers do not cheat too. But it is not 100% safe because sometimes these are small and unknown companies.

It is safer to trade with a regulated broker than with an unregulated one.

In conclusion, you should use a regulated broker for trade Binary Options safely. It always depends on the Broker if it is safe or not. Do the research by yourself and read my review about the broker on this website.

Example of regulation or license

Safe and well-known regulators are:

What you really need to know about online platforms:

There is a huge diversity of Binary Options Platforms and you have to check out what is your personal favorite. Nowadays developed software is very flexible and available for any device. It is possible to trade with the computer (browser and desktop), smartphone and tablet. That means you can trade from everywhere around the world if you got access to the internet.

Especially for a beginner sometimes it is hard to learn to trade with a new platform. There are a bunch of options which can confuse you. Most brokers will give you education material like video tutorials or step to step guides. Also, you can ask the support for help by phone, chat or email.

A platform for any device

Flexibility and charting are provided by the platform. You can do a personal chart analysis with indicators, technical tools, and different chart types. Sometimes you will get access to economic news directly in the platform. Indicators are known for giving you feedback on the market price at the moment. They are customizable like you want. So it is possible to analyze different timeframes.

Mobile Trading:

Today Mobile Trading is one of the most important factors for trade successfully. It is a great opportunity to boost your profit. In the past traders could not trade online or via mobile phone. So the options were much lower for making a profit. Apps are available for Android and iOS users or any other device. Check out your trading account 24 hours per day via your mobile phone.

Computer Trading:

In my opinion, it is better to use the web-based platform with your computer for analysis. Often there are a lot more functions than in the app. Furthermore, you can see the chart more detailed and a higher range of it. Professional analysis can be made by using a computer.

Binary Trading Tutorial | Step by Step Guide

As a trader, you can choose between a lot of different assets on a Binary Options Platform. You can trade Forex, Stocks, Commodities, Cryptocurrencies and more. This trading tutorial will show you how it exactly works to trade the financial product. The process is always the same as you see in the video and picture below. Just practice it in a free Demo Account.

Learn how to trade successfully

Now you have to imagine and predict the asset price direction for the future (forecast):

You can use the specially programmed trading platform of a Binary Options broker to analyze the charts and get trading ideas. It is very important to have a good working strategy for maximum profit. Beginners should use technical analysis for trading the chart. On the broker platform, you can learn more about it in different education videos/centers.

Therefore every Binary Option expires after a specified time. You can use the time horizon between 30 seconds or 5 months or more. Sometimes it depends on the broker. As you see you can trade short-term or longterm Binary Options.

After you have decided on the direction and the expiry time for your trade you can “sign” the contract with your broker. Just click the call or the put button. On some platforms, you have to confirm the trade.

  • Call (Higher): The price will go up in your expiration time
  • Put (Lower): The price will go down in your expiration time

If you are right in your decision, the broker will pay you a high asset profit of 75-95%. The trade automatically closes after the expiry time. Sometimes the broker allows you to close the trade before the expiry time ends. That is a way to reduce the impact of a wrong decision.

That means if you invest the amount of 100$, you can earn the amount of 195$ on a certain time horizon. 100$ is the return of your investment and 95$ is the profit.

Binary Options Platform Tutorial for beginners

  1. Search for an asset with a high profit. If you trade the assets with the highest yields in conclusion from my experience the result will be much better in the end. Some Binary Brokers offer you different account types with different asset profit.
  2. Analyze the chart on the platform. You can choose different time frames, indicators or financial news for your strategy. Every Binary Broker offers you some educations, too. Learn in webinars, videos or coaching the best strategies of the world.
  3. Now you should select the expiration time of your Binary Option. There a lot of possibilities for your trade. Some traders like it to trade short-term options and some other traders like it to trade longterm options.
  4. Choose an amount you want to invest in your trade. The most time it starts at 1$.
  5. At latest trade the Binary Option with a call or put. There are only 2 options in the market, that’s why it is called “binary”. In the end, you earn a high yield or you lose your selected amount.

What are the conditions Binary Options Trading?

You can trade any asset with Binary Options. It can be stocks, commodities, forex or cryptocurrencies! Most brokers give the option to trade more than 100 different assets. The expiration time depends on your broker. Some companies provide Binary Options with a time horizon of 30 seconds or less. These days you get a lot of different options on every broker.

Conditions:

  • Trade stocks, forex, commodities, cryptocurrencies, and more markets
  • Choose between a diversity of time horizons (short-term – longterm)

Yield – The return of investment can be high as 95%+

As the time horizons, the yield (return of investment and profit) depends on the broker. Often there is a possibility to get a high payout of more than 90% of your investment but there is no rule for the value of the yields. Sometimes short-term trades got the highest payout and sometimes long-term trades got the highest payout. In comparison to my experience, the yield is between 70% and 95% for standard accounts.

Another way to boost the yield is to get a VIP account type. Most of the brokers offer different account types, which are linked to the deposit amount. For example, you will get a VIP account if you deposit more than 3000$ on IQ Option. Not every broker got the offer of account types but you should search for it if you plan to invest a high amount of money.

Are Binary Options risky or not?

Binary Options are risky to trade, but there are advantages why the risk is less than trading other financial products. Especially new traders fear the loss of a high amount of money. With binary trading, you can only lose your bet amount. Traders clearly see what they can lose in a trade. Compared to other trading instruments this is a big advantage because the risk is limited always.

Another advantage is that you get a high asset payoff no matter how much the market moves. The asset price just has to be above or under the entry point. Traders like this financial product because it is so easy to understand and to calculate the risk and the trade profit.

Only invest the money which you can afford to lose in the worst case.

Binary Options Demo Account – Yes or no?

It is very important for beginners and new traders to practice the Binary Options Trading. Most brokers give you a free demo account. It is an account with free virtual money. You can always recharge the account with one click. It is risk-free trading.

Every trader should learn more about the trading platform before he is going to invest real money. Also, you can learn new strategies or try out different methods on the market. First, develop your own strategy with virtual money.

Most brokers offer a free demo account.

Opening your first real account

For trading with real money, you have to fulfill different criteria. On most brokers, you can trade and deposit without verification of your account. In my opinion, every trader should verify his account before deposit money. This can prevent annoying errors and waiting times. For a full verification, you need to complete the account setup.

Sign in with your real personal data. That includes full name, birthday, real address, email, and your phone number. After that, sometimes you have to upload the required documents for the broker. The company checks if you are a real person. Upload a picture/copy of your Passport. Sometimes they require a utility bill too. In most cases, the verification only takes 24 hours or less. With some companies, you do not need this verification process.

How much money do I need for Binary Options Trading?

You can start trading with a very low amount of money. Especially on IQ Option, you can open a live account with a 10$ deposit. The minimum trade amount is 1$. The upper limit is open for your trades. Have a look at my reviews to find a broker which fulfill your requirements

From my experiences as a trader, it is possible to make a huge amount of money with the right strategy. Binary Options are the tool for trading with a small or big amount of money.

Facts about the deposit:

  • Start with only 10$ in your account
  • Trade with 1$ per trade
  • You can easily trade with high amounts too
  • The minimum deposit depends on the Binary Options Broker

Easy deposit and withdrawal

As mentioned before the deposit is easy as the withdrawal of profits. On most brokers, there are not any fees for deposit and withdrawal money. For payments, you can use more than 20 different methods. It is possible to capitalize on the trading account in a few seconds. In most cases the payout takes the time of 24 hours depends on your broker.

Payment methods are depending on the broker:

  • Bankwire
  • Credit Cards (Master/VISA)
  • Cryptocurrencies
  • E-Wallets: Skrill, Neteller, FasaPay, ePayments, Yandex, and more

Get a free Bonus for your deposit

The most brokers offer a free bonus for your deposit or risk-free trades. The bonus amount depends on the deposit amount. It can be a 20%,30%,50% or 100% bonus. In other words, they give you a higher bonus for a higher deposit. Furthermore, some brokers allow trading risk-free trades. If you lose a trade, the broker pays back the lost money in the form of a bonus.

The bonus is not completely free. Sometimes traders have to trade a high turnover of the bonus. For example, make a turnover of 30x of the bonus to get the bonus withdrawn. If you are not satisfied with the conditions in most cases you can deactivate the bonus. A bonus is a good opportunity to grow a bigger account and trade with more money.

Get a free bonus now

Can you really make money with trading Binary Options?

The key to your success is to get a good education and find a professional strategy. In addition, you have to control the risk with sensible money management. In this article, I showed you an insight into profitable trading with Binary Options.

It is easy to make money with Binary Options but you have to be prepared. The markets are not easy to trade for beginners and it takes time to trade profitably. You will not see success directly. From my experience educated traders do not blow up the account. They earn money constantly. Read through my other pages to get deeper knowledge.

  • Education: This is the most important point for beginners. You should be prepared for the markets and know how the financial product works. There are different tutorials on the broker webpage or on my website to learn the functions. In addition, it should be easy for you to use the trading platform of your broker. Just practice in the demo account until you feel comfortable. Moreover, most brokers offer deeper knowledge. There are webinars, coachings, and tutorials. Education and knowledge is the key to making money with Binary Options.
  • Strategy: Develop or learn a professional strategy for trading. You have to know what you are doing in the market. It is like a system for you which always have to repeat. Without a proper strategy, you will blow up your account. There are different ways to learn a strategy. Use the knowledge of a broker or my website.
  • Money Management: most traders fail to control the risk. In my opinion, money management should be sensitive by using 0,5 – 3% of the account balance per trade. Sometime a losing streak will occur. By using sensitive money management you can trade without emotions and you can trade enough trades without running out of money.

In conclusion, you can really make money with trading Binary Options but you have to learn and invest your time in the right knowledge. The demo account is the best way to practice before you start investing real money.

Are Binary Options legit or not? – My scam review

In my opinion, Binary Options are not a scam for your money. The financial product gives you the possibility to invest in short or longterm opportunities in the market. Binary Options are so popular because they are so easy to understand and you can make a lot of money in a short time.

It is very important to choose a good broker. Some small brokers are scamming users, that’s why a lot of people think Binary Options are a scam. Definitely, it is not a scam if you trade with a safe company.

Basic trading checklist for beginners:

  • Choose an asset you want
  • Forecast the price movement
  • Choose a variable expiry time of the trade
  • Bet an amount starting 1$
  • Trade a call (long) or a put (short) option
  • Get profit
  • Payout the profit

On this site, I have shown you how the financial product is working. I think you can easily understand it now and start trading with more security. On my other sites, you can learn more about Binary Options. Happy trading.

How to avoid scams as beginner

The problem of Binary Options is that they are not a scam, but some brokers or financial educators are scammers. Every time before you start investing real money you should do a sort of research. You should pay attention to real reviews or advice from professional traders.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

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Best Binary Options Trading Guide For Beginners
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