Hey traders, on yesterday’s webinar I made my monumental, largest trade I ever made on my 24 Option binary broker account. It was a US$42,000 trade, for 5 Minutes, that won by 10.2 pips, delivering US$34,320 in profits!
The Importance of Trading With A Regulated Broker
I personally find Binary Options to be a powerful, effective way of to trade the markets quickly. However, the problem that plagues this industry is that there is just too many unscrupulous “bucket shop” binary brokers which either cannot afford or evade paying out traders. What’s the point of money you can’t withdraw, right? (I’ve been a victim of that myself with Goptions).
To date, while this may not be the biggest trade I ever taken, this is the biggest trade I’ve taken on my 24 Option account. What makes me feel good about it, also is that being one of the biggest, and richest regulated brokers out there, I don’t have to fear about not being able to withdraw my money – when this broker has the financial reserve to sign on big names like Juventus FC, Conor McGregor and Boris Becker.
Standing at US$270K in the account now, starting from a moderately modest $10k about 4 months back, I’m pretty happy!
Just note that for 24 Option, minimum trade size is $24. For other selection of Regulated Binary Brokers, which also offer smaller trade sizes for smaller deposits, refer to this post of mine for details, HERE.
I encourage you to watch the replay of the recent webinar where I pulled this MASSIVE Trade Live. It’s already available in our Binary Lab FB & Telegram groups.
Btw.. You can see it even rebounded from that entry point of the trade several times since then!
On this webinar I made a debrief as to why I felt it was safe to “dump” on this trade, and also, making re-entries on several other trades. The market today was clearly different from Tuesday, or Monday this week.
Members can find it in our Telegram and FB groups.
Nevertheless, don’t try what I did since trading binary options and CFDs/FOREX trading carries a high risk of full capital loss.
Today, we threaded carefully, but still not carefully enough, when the daily highs/lows became the weekly highs/lows.
This Youtube video on Win Rate & Money Management will also be helpful to you.
Look out for the updates links in Binary Lab member’s FB/Telegram groups for the latest info on our on-going webinars!
Founder, The Binary Lab
P.S. Hope you also saw my recent blog post on how to deal with “Unreasonable Trade Conditions”
P.P.S. You might want to bookmark this page for re-reading as there’s a lot of info here.
** Risk Warning: Trading Binary Options and CFDs/Forex involves substantial risk and may lead to loss of all capital. Past performance is not a reliable indicator of future results. Never invest money that you cannot afford to lose. The results in this review do not reflect nor guarantee profits from real-time trading.