Binary Options Success Stories in 2020

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

Binary Options Success Stories

Binary Options Success Stories

Trading binary options is becoming a huge business. Millions of people around the world use binary options trading to earn extra money. Some of the more successful ones earn enough money on trading that they dont have to do anything else. It was never so easy to become successful. All you need for success in binary options trading is a wi-fi connection and a will to learn.

Binary Options Success Stories | Background

You don’t have to be an economic genius to earn a lot of money trading binary options. Trading on broker platforms is completely easy and fun. All the best broker companies have web-based platforms and mobile applications for their clients. Binary options trading industry expanded a lot in a last few years. People from around the world are attracted to it because it is the easiest and safest way to earn money on the Internet. We cant overstate this enough: Binary options trading is not gambling! To be successful trader you don’t need to have luck, you just need to learn how to analyze the market.

Binary Options Success Stories | Learning how to trade

Don’t worry if you don’t know anything about the market, it is really simple to learn. All the best broker companies have a lot of educational materials available on their platforms. Some of them even have signals that can help you with trading. The most important thing in this business is to predict a value of a certain asset over a period of time. For example, if you think that Microsoft stock will rise after introduction of the new Windows platform, you put your money on that. If a stock rises, even by 0,00001, you will get up to 95% profit. It is as simple as that! Leading brokers also have expert advisors that can help you in the trading process.

We advise new users to try out demo accounts that are available on some platforms like, for example, Boss Capital. A free demo account is a perfect way for you to learn how to trade successfully without risking your money. Demo accounts have the same rules and options as the real money accounts. If you want to learn more about great ways to earn money visit our Boss Capital Strategy for Success article.

Binary Options Success Stories | True testimonials

In these two videos you can see true testimonials of the satisfied binary options traders. These are the people who didn’t know anything about binary options just a year ago! They learned how to trade and now they are making a lot of money. Follow Monica’s, Rob’s, and George’s example and don’t waste another moment. Start learning about binary options and get your free account today!

7 Binary Options

Success Story #1

What started out as a hobby, worked out to be something that brought lasting changes to my life. As a housewife, I didn’t have a lot to do when I wasn’t keeping the house up, cooking for my family or taking care of the kids. I was looking for something that would give me something to do while maybe making a little extra money for things like Christmas gifts and college funds.

I stumbled across binary options trading when searching for such an activity, and it intrigued me because of its apparent simplicity when compared to other trading options such as the more traditional foreign exchange (Forex) market.

After doing a bit of research and finding some YouTube videos which taught me what I needed to know about binary options trading, I realized that binary options trading was a great option for me because I’m home a lot and have always had the news running in the background to keep up on the happenings in the world. Having the free time I needed to understand world events and the right tools to use that knowledge gave me an edge that has made binary options trading an intensely liberating exercise.

I’ve gained a lot of freedom through binary options trading, including financial freedom, as well as the freedom (and confidence) I needed to enact some very positive changes in my life. My family and I make good use of our additional opportunities and are taking a trip to Asia for vacation this year! That’s something we never would have been able to do before I discovered binary options trading.

Jenny 43, Housewife

Success Story #2

My husband originally introduced me to the concept of binary options trading. He has a propensity for picking up new hobbies and then dropping them if they’re not interesting, or sharing them with me if they catch his fancy.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

When he picked up trading, he initially did a lot of reading about trading in general and always had the TV tuned to a financial news report of some kind. He dabbled a bit in many different types of trading, but once he tried binary options, he knew it was how he wanted to trade. Unfortunately, I don’t think he’ll ever be much better than average as a trader. He just doesn’t have the patience; he was constantly chomping at the bit to make a trade.

While he’s made a few good trades, he’s a few bad ones, too. He finally got tired of trading, but his account still had a little money in it, so I asked him if he’s mind if I tried my hand at it. He was doubtful I’d even be able to understand it, but as it wasn’t a lot of money and was already out of the household budget anyway; he told me to give it a whirl.

Well, my husband need not have worried about my being able to comprehend binary options trading! I took to it like a fish in water. In just about six months, I’d grown that little bit of starter money into an account twenty-five times its original size.

When you take into account all the bad trades I made while I was still learning the ropes, it’s really quite an astonishing accomplishment. Even more astonishing is that, after an additional four months, I had parlayed the original sum of less than $150 into more than $15,000. I took that money and remodeled my kitchen and bathroom, but I left a little for seed money in new trades. I know I can repeat my success and have already started trading again.

Amanda 39, Sales Manager

Success Story #3

The job that eventually led to my life-changing experience with binary options trading began simply enough, helping a guy clean out his garage on an October afternoon. We were working to get a bunch of old metal and other stuff out of his garage, and the guy casually mentioned that he had been trading binary options and making quite a bit of extra money with it. As the day went on, we talked about my financial difficulties and lots of other topics. But he kept looking like he was thinking quite intently about something.

When we got done, I asked him what he was going to do with the pile of scrap metal we had gathered. He said he was going to give it to me, with the understanding that the money I got from selling it would go into an account so I could learn binary option trading, and that he was going to teach me. I was a little unsure at first, but as I began learning and making some good trades, I became obsessed with learning everything I could and making a living as a binary options trader. Today, I have a comfortable income from binary options trading.

John 47, Binary Option Trader

You can now join these successful traders by opening a FREE account on one of our recommended brokers:

Binary Options Millionaires – Real Or Fake?

We have all heard these ‘binary option millionaires stories’: someone started trading binary options a week ago, and now they are a millionaire. But are these stories true? And if so, can you repeat them? Let’s take a close look at what you can expect when you start trading binary options.

In this article, you will learn:

  • Why The ‘Get Rich Quick’ And ‘Millionaire’ Stories Are A Myth,
  • Why Binaries Remain A Sound Investment Vehicle
  • How To Achieve Long Term Success.

With this knowledge, you will be able to start trading binary options with realistic expectations and achieve long-term success.

Millionaire Myths: Get Rich Over Night

Stories of people who got rich with binary options are generally intended to mislead, and stories of those who got rich overnight are of little help to new traders. We recommend ignoring them because they all fall into two categories: lies and luck. Let’s look at both types a little closer.

Type 1: Lies

As with any advertising statement, some get-rich-quick stories are just lies. Untrustworthy brokers made them up to attract gullible traders. Likewise, marketers will create these millionaires to encourage them to join the immoral brokers.

Brokers that use such tactics are not to be trusted. If they lie about the success of their customers, they probably lie about other aspects of their business, too, including such essential aspects as payouts and available assets.

Of course, it is difficult to tell for newcomers to the binary options world whether you can trust a broker’s stories. Our pages on how to avoid scams highlights the tactics used. There are enough genuine, honest brokers around, so that traders can walk away from a firm should they have any doubts whatsoever.

Type 2: Luck

Some great success stories are the result of sheer coincidence. Simply put, when enough people do a thing, all outcomes will happen – including great luck.

Assume a coin flip tournament with 1,000 starters. After the first flip, there will be 500 players left, after the second flip 250, after the third flip 125, and so on. Soon, there will be only one person left.

Now, if this person has bet all their money on every flip, they will be incredibly rich. The coin flip provider will use them as a poster child to market the quick and easy money you can make by flipping coins. Their success, however, is neither a result of a great investment tool nor their genius nor of a great strategy.

Millionaire Success Stories

Their success is merely a consequence of the odds: when enough people do something, someone will have incredible luck. Some people have survived 13 plane crashes or a fall from a skyscraper. But does that mean that you should try to repeat their actions? Hardly.

If you tried the same strategy, you would fail. There is a fifty-fifty chance that betting all your money on every single coin flip would ruin you with your first trade. If you get lucky and win the flip, you would face the same odds again. Even if you are a lucky enough to win ten flips in a row, the 11 th flip would likely ruin you.

The same applies to binary options. People who make a lot of money in a short period used an unsustainable strategy and got incredibly lucky.

Broker Tactics

There is a rumour that some brokers use this knowledge to their advantage. They give many of their employees £10 to start trading and require them to invest everything on every trade. Most of their traders will lose this money, which means that the broker gets it back. Sooner or later, however, one employee will be lucky enough to win enough trades in a row to become a millionaire.

The broker can use them as the poster child for their next advertising campaign. On the other hand, brokers do not really need to use such questionable methods. Once they have enough customers, one of them is bound to create such a story.

The point is: people who got rich overnight with binary options failed to use a strategy that could generate long-term success. While they got incredibly lucky, you would be foolish to bet your money on the same one-in-a-million chance.

Luckily, there is a better option available.

Using Binaries Long Term

Let’s be honest: if there were an investment tool that would turn out millionaires overnight, everyone would use it. As we have explained, these millionaire traders are generally nothing more than a marketing scam.

That, however, does not mean that binary options are a bad way of investing. Just like stocks will not make you rich in the blink of an eye, nor will binaries. But a solid long-term strategy can nonetheless create great profits.

The main ingredient of long-term trading success is a trading strategy. With the right strategy, you can successfully trade many types of assets. The great advantage of binary options is that they offer more profitable investment tools than any other type of asset.

If you want to get rich with binary options, you can. But it will not happen overnight. What you need is a solid strategy, long-term commitment, and the right knowledge. Let’s look at all three of these aspects.

Binary options success factor #1: A solid strategy

To successfully trade financial investments, you need a good strategy. Random investments will quickly ruin you. A strategy defines when you invest, how you invest, and how much you invest. It also contains a plan to monitor your success and keep improving.

One of the most important points of a successful strategy is that you invest a small percentage of your overall account balance in every trade. When you invest between two and five percent in every trade, you survive losing streaks and gradually grow your capital.

Traders who became rich quickly lacked a good strategy because they necessarily invested more than a few percent of their money in every trade. When you invest half of your money in every trade, you have a small chance to get rich quickly, but the infinitely more likely outcome is a failure.

Even the best binary options traders only win around 70 percent of their trades. That is easily enough to make money – just like winning 70 percent of all coin flips would be enough. However, when you are unable to guarantee that you will win every single trade – and nobody can guarantee that with any kind of financial investment – you have to plan for losses. Sometimes, you will lose three or five trades in a row; sometimes, you might lose ten trades with only a few winning trades in between.

If you bet too much on a single trade, you will soon end up bankrupt. This is why a get-rich-quick scheme is a bad strategy, and why you should invest for the long-term.

This website provides a wealth of information about trading strategies and the right approach to the market. Use it, and you will enjoy long-term success instead of quick failure.

Binary options success factor #2: Long-term commitment

Learning a new skill takes time. Trading binary options is the same. There is a lot you have to learn about the different binary options types, your own personality, and the market itself. In a world where financial advice is freely given but rarely well-thought-out, you have to learn how to separate trustworthy sources from those that only want your money.

All of this takes time, effort, and commitment. Nobody learned to speak overnight, and learning to trade takes just as long.

Of course, talent is an issue, too. On the other hand, binary options offer so many different trading styles – from mathematical to pattern recognition, from very safe to highly risk – that almost all traders should find a style that matches their talent. Once again, this site and our strategy guides can help you with this job.

The rest is up to you. Invest the time and the effort, and there is a good chance that you will see great results. Because most traders offer demo accounts that allow you to trade completely risk-free, you have nothing to lose.

Keeping a trading diary can help you with this job. Write down why you made a trade, which tools you used, and which environment you were in. Monitor your success over time and find the things that work well for you. Eliminate everything else.

Binary options success factor #3: The right knowledge

Maybe the most important aspect of binary options success is the right knowledge. We have mentioned this point a few times, but we can’t stress it enough. Find a trustworthy source of knowledge and never stop learning.

With this site, you have made the most important step along the way. Come back, read our articles, and try the strategies we recommend. You will soon find the trading style that is right for you.

Conclusion

Like any type of work, becoming a successful binary options trader requires hard work. While it is possible to get rich overnight, good strategies focus on long-term success. Get-rich-quick schemes work for one in a thousand traders; the rest will end up broke. Ignore these stories and focus on the one thing that can bring you success: hard work.

Here’s what you do:

  1. Learn from the right sources.
  2. Apply your knowledge with a risk-free demo account.
  3. Once you know how to make money, switch to real-money trading.
  4. Keep improving.

Follow this approach, and you will be better off than chasing impossible promises.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

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