I think when a large number of people go into binary options, they believe that it is like gambling, and you simply have lucky streaks, and unlucky streaks. The ‘strategy’ these peole might use is to simply pick asset, after asset to ‘bet’ on. That is a big mistake. You need to do your research, and find solid indicators of movement. You may not get a good enough indicator very often, but thats fine. The idea is to make key investments at key times. This will increase your success rate with binary options.
If you’re willing to use binary options sparingly, and only make key investments, you can realize a nice long term profit. I would recommend starting out very small with your investing in binary options. Work your way up as you become more comfortable. Just remember these tips. You will give your investment income a nice boost.
Can a 16-year-old make profit from binary options?If so, how do I get started?
No, because binary options are a scam. The odds are so stacked against you that you cannot possibly win long term. It is just unregulated gambling at terrible odds. Here's how the math works for 70% payout. Win: 70% Lose: 100% Expected value of each trade: (70 – 100 ) / 2 = -15% You would have to predict over 60% just to break even. A legit options broker would be registered on appropriate government sites. None of the widely promoted sites are regulated. Many are in obscure countries with no customer protection, with at least 2 widely advertised firms in Cyprus. US: Check CFTC and SEC sites UK: See FSA site The CFTC link below about investing risks applies to both forex and binary options. One widely advertised binary options site (Banc de Binary) was just charged with securities violations by the SEC. 2nd link below.
Post the same question again 24 months from now.
You have to be 18 to trade and binaries are risky. It is possible to make money with binaries however this past little bit the markets are going crazy so the signals are messed up