Binary options. Can I be a millionaire with binary options auto trading

Binary options. Can I be a millionaire with binary options auto trading
3 min read
07 February 2023

The topic of how to make money on binary options is definitely the hit of this year, and even of the new century! Because if before, only professional participants of stock and commodity exchanges could buy and sell stocks, securities, oil, gas... now anyone can do it!

All you have to do to make money with binary options is to choose an asset and set a trade term, for example, you invest in a Google share option for 20 minutes. Next, you need to specify whether the price of Google stock will rise or fall in those 20 minutes. If you invested for a rise in the stock and in 20 minutes the price went up by even 0.001 point from the time of purchase — you get your 70% profit! If your investment was $300, your net profit is $210, and in just 20 minutes!

Is it possible to make money on binary options?

If it weren't possible, binary options simply wouldn't exist. Binary options brokers (more on that later) pay between 70 and 85% for every profitable trade, and that's a fact. All you have to do is to choose the right forecast.

But for all its simplicity, there's no telling if you'll succeed, because binary options is a work in the financial markets, and that's hard. It is difficult to analyse assets and make accurate predictions from scratch, without knowledge, understanding of the market, information sources. Many traders wonder: сan I be a millionaire with binary options auto trading? The answer is very simple: it's up to you!

Brokerage company managers and marketers will always say that it is very easy to make money on binary options, but this is not true. Generally, like everywhere else, some can and some can't.

Making money doesn't mean making money

In order to make a profit all the time you have to constantly understand and research the market. You can find a lot of references where people made the first 10 trades and earned a lot of money but then, in the course of a year they lost more than they earned. Below you will learn everything you need to know in order not to lose and to make a steady profit, but let me tell you right away, it's not a game, it's not easy, and everything depends only on you, not on the market or a broker.

Let's start with minimum levels. All normal brokers have a minimum deposit of $200–250. You open a deal of $25 (10% of deposit) and get 70% profit, or $17,5, and your transaction can last no more than half an hour, or even 5 minutes, brokers with no deposit bonus 2023

To get $350 of net profit — you need to make 20 successful trades of $25 each. But this is simply unrealistic, i.e. losing trades are inevitable, even the most successful investors are not without them. That's why you should strive not to open 20 trades, but only two — but the right ones, not made at short notice and based only on your intuition.

 

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Sam Johnson 2
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