Binary secret — what is it?

  When learning about traders who trade binary options and make good profits from it, beginners inevitably think that they have some kind of secret, since it seems impossible to make money just by sitting at a computer desk. In fact, it is possible, but there is no secret here — only clear rules that successful traders follow. Perhaps these very rules are the “secret information” that inexperienced players are chasing. So, what is this “binary secret”?

 

Secret 1: Choosing a broker

  As a rule, we learn about the existence of binary options from articles on the internet or from friends’ stories. Each adviser suggests using only the website they have personally tested.
  It is almost impossible to count the number of brokers: hundreds and thousands of websites offer their services. You should carefully study all the options and choose a broker that is convenient for you. Some offer minimal deposits and bets, others guarantee a percentage refund in case of a loss, while others provide fast withdrawals to a special card.
  In addition, the development of digital exchanges has given rise to many dishonest brokers. Trading on such sites will not bring any profit and will end quickly, since sooner or later the broker’s website will have to cover its tracks.
  All these reasons make choosing the right broker one of the keys to success in binary options.

 

Secret 2: Strategy 

  Trading binary options consists of predicting whether the price of the underlying asset will rise or fall within a given period. Every successful investor has their own playing style. Some carefully study the financial market, others use signals — information from a group of analysts. Even acting at random can, in some sense, be considered a kind of strategy, but using this method is not recommended. Beginners are better off analyzing the market, especially at the beginning.

  Later, you will learn how to turn even minor information into profit. For example, the news reports that Gazprom has signed a deal with a major buyer. What do you think will happen to the shares of both companies? They will rise in price, and in the near future. This is a great opportunity to make some money on options.

 

Secret 3: Calmness

  One binary option can bring up to 85% profit. It is easy to calculate that an investment of $100 will bring $85, and $1,000 — $850. Chasing quick profits, inexperienced players try to place large bets. Sometimes such decisions are made rashly. As a result, the investor ends up at a loss. It is better to spend $20 on three options, each with a 50% chance of success, than to place one large bet.
  These are all the rules. Do not think of them as a “binary secret,” because the key to success is the right approach.