Binary options please individuals who want to invest their money and simultaneously earn more money. Some people don’t bother starting this activity because they think that they don’t have enough time to dedicate to this activity. We are going to explain to you that this prejudice isn’t really true and that binary options trading doesn’t require more than 10 minutes a day to earn money.
When you discover what binary options trading is, you want to be part of it and start this type of investment. However, many of you already work full time and don’t have much free time to spend in binary options trading. At Least this is what most people think. However keep in mind that by spending no more than 10 mins a day, this is all you need to trade in binary options. You can practice the so-called “speed training” and speculate on short term options (60s) for a few minutes per day or simply decide to plan a trade per day in the medium / long term. Your full time job isn’t a problem to start binary options trading.
Short term binary options (less than 60s) are offered by numerous binary options brokers. For example, the broker TopOption allows traders to speculate on the Forex, stocks and indexes on binary options with a term of less than 60s. Binaryoptions “turbo” or “speed” trading options are literally the same as the standard ones, except that their term is really short. Therefore, in less than ten minutes you can do 5, 6 and even 10 successive trades and be profitable after this short session.
Let’s say that you execute 8 binary options and 6 are winning, offering 80% return on investment, and 2 losing ones. If you had invested 20€ per option, you would earn 6 times 16€ and lost 2 times 20€, so 96€ of profit and 40€ of loss, then a net profit of 56€ in only 10 minutes, interesting, isn’t it ?
If you don’t want to practice short term trading or speculate on the basis of 60s binary options, then you can speculate on binaryoptions with a weekly or monthly term, requiring no more than 10 mins per day. For example, you can analyse the different financial markets in the morning before you go to work on just a few minutes, and then you can make a trade after identifying an opportunity to call (buy) or put (sell).
Not practicing good money management is a common mistake made by numerous binary options traders. Did you know that in the training in binary options, it’s advised to not risk more than 2% of your capital per trade. Some traders with a capital of 500€ risk sometimes 50e or 100€ per trade (20% of their capital). Of course, when they put 100€ on a winning option with 80% their profit is huge compared to their capital, but then they risk 20%, then only 5 trades of margin. If you respect the 2% rule then you have 50 trades or margins, allowing you to make mistakes and stay safe. With a capital of 500€ you shouldn’t risk more than 10€ per trade, that’s the advice we can give you.
This is absolutely essential when you start binaryoptions trading: choosing a regulated broker. This means a broker who is approved by financial authorities, owns licences and whose activity conform with local financial laws. Among the registered brokers you can find OptionWeb, regulated by the CySEC and registered with the main European financial authorities. Opening a TopOption account using one of our links will earn you a bonus on your first deposit of 100% (instead of 20% normally). You will also get the BonusBinaryOptions.net guarantee when you will create your account.