Is it possible to win on binary options?

Good afternoon! I have a friend who earned a decent amount of money on the Internet and bought a car. He says he won on binary options. Is it possible to win trading binary options or is it a myth? Alexey, Saratov.

Hello! Many people speak of such a unique way of earning as trading binary options. But here only opinions of people here differ. Someone claims that binary options - This is nothing but a deception, but someone, on the contrary, confidently declares that this is a good way to get rich.

I must say right away that the latter are right here. Yes, you can win / earn good money on binary options, especially if you know how to do it exactly. It is also important to choose the right binary options broker.

Professional traders who have long been engaged in trading on the stock exchange are well aware of the many subtleties of this work. Therefore, they are good at trading. They are waiting for the right situation when you can open or to close a deal. As soon as the right moment comes, the professional trader begins act.

However, what can be said about a professional trader cannot be said about newbie in this domain. The latter, as a rule, does not know when it is better to open and close a deal. He will not wait for a suitable situation, because he simply does not understand what this situation should be like.

All actions of a beginner trader are based solely on attempts to randomly guess which direction the chart will display, showing the rate of the financial asset.

From here the people are divided into two camps: those who are skeptical about stock trading and those who sincerely believe that binary options are a great way to get rich.

Of course, skeptical personalities are newcomers to the field of trading, who tried to start trading, and without having achieved success, stopped such activity. Well, people who respond positively to trading binary options are "masters"who really get a steady income doing this.

But professional traders, too, were once newcomers. It turns out that they used to belong to the same group of people who are sure that winning on binary options is impossible. However, it is not. If they were sure, they would refuse such work and would not move up the career ladder of trading.

It was just that initially they had a lot of patience. They gradually learned the trading profession, got acquainted with the peculiarities of the financial market, trained to conduct trading for small (or even virtual) money, created their own trading strategy and successfully applied it. Find out where you can get Forex training in a separate article.

When trading binary options, transactions can have one of two outcomes: either they end well for the trader, either unsuccessfully.

As a rule, each trader strives to ensure that the number of unsuccessful transactions becomes less and less while increasing the number of successful transactions.

At first, when a trader is still a beginner and acts only at random, the ratio of successful and unsuccessful transactions is 50:50. This is a bad indicator. In this case, nothing will work. And even if you are lucky several times in a row, then you are sure to also not be lucky several times in a row. As a result, there will be no profit.

For professionals, the number of successful transactions can reach up to 90%. And in this case, undoubtedly, stable profit. The main thing is to use your money resources correctly.

It will take some time to begin to work effectively and get a good stable profit. To do this, you have to analyze the stock market and apply trading strategies. In more detail about indicators and Forex strategies, we talked about in the last issue.

We also recommend that you read our following articles:

How to conduct trading on the currency exchange online in real time;
How to choose the right Forex broker;
Where to start investing on the Internet from 100 rubles.

In conclusion, we recommend watching a video on the topic:

That’s all with us. We hope the Rich Pro team was able to answer your question. We wish you good luck and big winnings on binary options. See you soon!