I won’t deny that many people still have some kind of a “Negative” attitude toward Binary Options trading. Many people wonder if it’s too good to be true, and if there are really people out there actually making a regular source of income from Binary Options trading. While many of you on my mailing list are existing members of Binary Lab, you might have faced social situations where you couldn’t get people around you to recognise this “An Hour A Day” activity that makes you money as something legit, and a good number of you may have been opening my regular emails, but still sitting on the fence, wondering if this is something you should do. So basically, I want to explain a couple of things…
What is Binary Options (In a Nutshell)
Binary Options is a financial derivative that emerged in 2009, a year after the Lehman Brothers via the CBOE (Chicago Board Options Exchange), as a tool to help investors mitigate their risk in the financial markets. Investors/Traders make a fixed amount of profit, usually 70-90% on a trade, for correct predictions made on trades expiring between a predicted amount of time, regardless of a large or tiny move – as small as a 6th decimal place! Unlike usual forms of trading, i.e. FOREX, CFDs, Stocks, etc, the exit of the trade is pre-determined by YOU, and this does away with the usual needs of monitoring trades, or not being able to exit trades during periods of high volality, or low market volume. Because the fixed amount of return on trades made is closely similar regardless of a Binary Option trade being a short one or a long one, most Binary Options traders, including in the teachings I give my Binary Lab Community students, take a preference for shorter, sub-5minute trades rather than the longer ones. Most people who trade Binary Options coming from experience in trading other financial instruments appreciate the ability to achieve a high turnover of trades within a short period of time, safely achieve a 5-8% DAILY profit target, without having to monitor open trades round the clock.
You can have a look at these trades in the image below, my trades actually*, to see some of the things I trade binary options on, and how long the trades last for…
*Amounts Credit Based On Correct Predictions.
Is Binary Options Legit?
Short answer – I won’t deny that it HAS BEEN shady, but it’s certainly GETTING BETTER. Despite being around for 8 years, it is still fairly new. Financial regulation authorities have been taking time to understand, and create regulation policies specific to differences between binary options and conventional trading instruments most of us have heard of and been exposed to – and also the means of regulating them. If you read what I mentioned above, I want to point out although Binary Options emerged on the CBOE, MOST, if not all of the binary option brokers we see out there have POPULARISED a form of trading that has been inspired by that. It’s not actually the same thing. With the brokers we have today, we have a wide selection of forex pairs, stocks, stock indices, and precious methods we can trade binary options on, and various expiry times which the original didn’t have. A small amount of people may know many Binary Options brokers are in fact owned by gambling and casino owners, and shared this fact around. What most people don’t know, is that many of the big regulated, reputed forex brokers out there are also owned by bigwigs in the gambling industry. Ultimately, it’s NOT AS IMPORTANT who backs the industry, but whether we as investors/traders – can safely and quickly get our profits when we withdraw, and have policy and protection covering us by regulation bodies around the world. To that end, in Binary Lab, we have been shifting toward Regulated Binary Options Brokers to give our students greater confidence and safety in trading Binary Options. You can check out our supported list of Regulated Binary Options Brokers HERE.
You might also be interested in watching THIS VIDEO I made, which talks about the latest proposed regulation measures by CYSEC, which currently has the most comprehensive regulatory framework coverage on Binary Options trading, which will certainly bring Binary Options to a wider market acceptance, as retail FOREX now has, in the years to come.
“Am I The Only Odd-ball Trading Binary Options?” Do People Really Make Money in Binary Options?
In the last 2 months, I conducted 2 Binary Lab Live Workshops, one in London, UK, and the most recent one in Singapore. You’ll be pleased to find out that I’m looking at growing LIVE, face-to-face Binary Options trader communities.
Watch a video clip from my recent Binary Options workshop HERE.
How To Get Started?
If you’re already in The Binary Lab Community, you’re in the right place. If you haven’t already been through our “Getting Started Guide”, I suggest you start there. I also recommend that you attend my regular Live Trading Webinars.
As a matter of fact, the next webinar is starting in just 3.5 hours from now!
Look out for the link to join the webinar in our FB and Telegram groups.
If you’re not yet a member of Binary Lab Community, you will need 3 things to start Binary Options trading on the right foot:
1) Proper Mindset for Trading – Watch A Powerful Trader’s Mindset Video HERE
2) Proper Tools – Get Yourself a Binary Options Broker, A Demo Account for Practice, and the Necessary Charting Indicators by Starting HERE.
3) Proper Training – In the Binary Lab Community, I dare say I provide the MOST COMPREHENSIVE TRAINING for Binary Options Trading around. The best part, is that for a very reasonable one-time fee, OR, a broker account opened through the Binary Lab (commissions from brokers keep this 100% FREE for you), you get all the necessary Mindset Training, Proper Tools, and Proper Training, for your Binary Options trading SUCCESS. Check out our joining options information HERE
Founder, Binary Lab
P.S. If you’re a member and would love to share binary options with another person, a great idea would be to show them THIS EMAIL (the one you’re reading!) You may also interest them in your trade history – I trust you’ve been trading sensibly and keeping to a simple profit plan!
P.P.S. If you haven’t already seen this Mindset Video, I suggest you check it out. (It’s the same one I linked to a few lines above.) Here’s a shortcut link!
P.P.P.S. Demo Accounts? If you’re looking for a demo account to try out, here’s what I recommend which you can obtain demo accounts within seconds, and they don’t ask for any credit card details until you ever decide to start trading live….
For Those in USA and Canada – CLICK HERE
For The Rest of The World – CLICK HERE
*Profits in binary options are gained on correct prediction. We can only increase our probability in making a gain through knowledge and practicing sensible money management in cases where things run against expectation. Binary Lab was setup to empower traders through knowledge and shared experiences.
General Risk Warning: Binary options trading carries a high level of risk and can result in the loss of all your funds.
5 thoughts on “Most People Had a Negative Idea of Binary Options Until…”
A very informative article. I am glad that Binary Options are becoming seen as a more legitimate form of trading as the time goes by. Unfortunately over the years (since 2009 when Binary Options trading became available for the masses) this industry has being filled with its fair share of scam artists, but as such a trader myself, I can thankfully say that most Binary Options brokers are not scam artists.
One small thing I would like to remark however, whilst Binary Options became available for the masses since 2009 , they have being traded since the 1970s on Wall Street by traders there as a form of insurance to hedge their bets should a trade not go in their favour.
Great article nontheless, enjoyed reading what you had to say!
Thank you for your awesome post. It’s really very informative and helpful.
You are welcome.
The blog is ever best. Today, you really abolished the beginner’s problems who wondering for proper knowledge of binary option, this blog learning basic principles to a successful trading. Definitely, this blog always recommends to beginners.
Richard, Thank you so much for your nice comment and suggestion.