Binary options are one of the best ways to earn a lot of money or to lose everything. That is why we want the people to understand the process and the way that market works before they would like to invest real money. Really, without knowledge or mind of analyst you have nothing to do in the area of online trading. So if you have come across the advertisement which tells you that binary options are the best way to handle with your financial issue – you should not believe it.
The situation is the same in thailand with binary trading !
How does it work?
People that trading binary options invest in possible movement of certain asset of the market. Their main task is to predict whether the value of such assets will increase or decrease during short amount of time. If you were right, you get commission and investment back, if you were wrong – you lose it all. So we can say that binary option trading is more similar to bets than to classic definition of investment.
Is there a lot of scammers?
We recommend you to use trusted binary option trading platforms, because most of them will allow you to invest money in existing companies. In this case, there is 100% guarantee that you will get your money back. Of course, there are a lot of different fake-brokers that will offer you huge profits in short amount of time.
The cases that could help you to increase profits does really exist, but remember that they are not the rule, they are an exception. For example, one of 5 million people may hit the jackpot, but it does not mean that he is the great predictor, he is just lucky. And you should remember that other approximately 5 million participants lost.
If you do not want to feel scammed, just set realistic expectation. Binary options trading gives you an opportunity to earn, but it may very tough challenge. Remember that luck plays the same role as knowledge, and market move is the thing that is hard to predict.
So what I should do?
Sport betting is the best example. If you want to be successful, you should know everything about the game, the team, the players and still there might be some issues that will force your pick to the defeat. Factors like time of the year, state of the economy, political developments, economic performance of key market makers, recent business news and events are constantly influencing the movement of stock prices and commodities.
You have to predict the market movement accurately, thus you may get profit in long-term prospect. But if you want to invest 100 dollars and get 300 dollars in 10 minutes, you are going to lose all your money.
It seems tough…
You are right, but it is the cold truth. Binary options are not about fast money, it is about huge money, but in perspective. Advertisement may tell you a thousand stories about successful people, who became rich in several hours, but it’s a trap. You should pick the broker that does not try to trick you and IQ option is the one. It offers comfortable applications and simple friendly interface, but on the first page there is information about the risk of trading.
One more time about cases. Most of them will work in proper way only in certain amount of time with certain region. It means, that case that worked two days ago, may be completely useless today. And you have nothing to do with it. So you should be extremely attentive while reading it. Sometimes, the great story was written just to attract the potential investors or people that are fond of gambling, because they are literally addicted to any kind of bets, even on market movements. If you consider yourself as unstable or sensitive person, binary options trading is not for you. The process requires coldblooded people with a will to learn and earn.
Better opportunities for newbies
Several years ago it was hard to find the platform that was not full of experienced traders, so most of newcomers were in tough situation. To change this, modern binary option brokers offer special rooms, where newbies can compete each other to better understand the game. Anyway, there might be smurfs (experienced players with new accounts), but most of companies keep on fighting them.
By the way, some of trading systems are scam. For example, small broker wants to earn a lot of money, because its owner invested in digital tools a lot. In this case, you will get the higher commissions and worse values on the market.
The ability to choose still belongs to you. Most of binary option trading services has demo-accounts. You may try it out and compare the value with other services. It may take some time, but the process will help you to save a lot of money in future.
In the same time, experienced players got a lot of tools that make the trading process much easier. Three years ago there were no automated bots, so you had to wait for the live operator to get your money. This people had to be payed, so the commissions were extremely high. Nowadays, you may get the highest level of service and detailed statistics almost for free. So what a you waiting for?
Prospect of binary options
Today, this sphere is developing too fast, so we cannot predict any trends for the future, but one thing is clear – there is a lot of potential for growth. In the same time, the amount of scammers increases too, so if you are newbie, we highly recommend you to find tutor or proper guide and try to understand the mechanics of binary option trading. In case of fail, just forget about this way to earn. And if you have succeeded, just find the broker that suits you the best and get the money! Good luck!