Can You Make Money With Binary Options?

Can You Make Money With Binary Options?

The binary option industry is booming, but people are still questioning it and wondering if binary trading is a scam. We get questions all the time from folks wondering if you can really make money with binary options.

Even though the binary option market is not controlled by Wall Street (at least not now – Wall Street does have their eyes on the industry), there are banks, gaming, and other players getting involved.

Binary options trading actually has much higher odds (than other forms of trading) for traders. For instance, the US futures market shows that only five percent of investors make money consistently. Other reports show that on any given day as many as fifty percent (or even higher by some estimates) of a binary options broker’s traders have made some money.

Binary options are not yet regulated, so it is almost impossible to have the full picture of what the industry is doing, or how many traders are successful. A few binary brokers will give you the numbers, but most of them are vague or won’t give you all the stats.

The best estimates I can give are based upon the traders we have taught over the years. Our successful futures traders were well over the five percent industry average (from the surveys we have taken over the years). Our early results for binary trading has been even higher. Of the ones who answer our requests, well over fifty percent were making money with binary options.

So, what is the secret to making money with binary options? Well, there are no secrets really when it comes to trading anything. You will have to do your homework, but the information is out there. Most people won’t go to those lengths and would just rather pay for a course or training. Then, test your strategies before you put real money on the line. You can do the research yourself and no doubt find the binary strategies you need to be successful.

It would be much easier to find a mentor or course that can help you get up-to-speed quickly on binary option trading strategies. If you currently trade forex, futures, stocks, or anything else and have a solid way of analyzing the market, you should be able to use that same analysis to help you trade binary options. It is just that when you pull the trigger on a trade you are buying an option instead of a futures contract or other vehicle.

So, can you make money with these fairly new digital options? YES. They odds may not sound that good to you, but compare them with success rates in other forms of trading.

Doug West has been teaching traders for nearly 10 years. He has thousands of students from all walks of life and from all over the world.

Check out his new Binary Options Course now, while the enrollment is still under 100 bucks.

Get on Doug’s Trading list and stay up-to-date on trading strategies that can help you make more money.

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