The Possibility of Binary Options Trading as a form of Living

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  • Binomo
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The Possibility of Binary Options Trading as a form of Living

The internet has become an outlet for millions of people worldwide to earn their living. It is one of the most convenient office spaces in the universe and when you work here you do not have to wear uniforms or even wake up early. If you are a trader you can have the best job in the world because you are making your living online. However, can all traders be successful with online trading? Of course the answer is no because different traders have different personalities and the success rate is not that high. When you are a binary options trader you must know that the virtual market is filled with fake promises. Thus, you have to have a conservative move when starting your career online. Below are some of the myths that you can probably witness in the world of virtual trading.

TRADING FOR A LIVING: WHAT IS IT?

When you trade for a living it means that you can make most of your income from the financial market. However, a lot of people do not basically understand that almost 98 percent of traders practically lose money at first. There may be some lucky trades in the earlier part bit eventually the house is usually the winner and as an individual trader, you always lose. Due to this fact, good traders need a traditional approach which includes practice, study, and of course dedication. If trading online was so simple then anyone, even teens could be doing it. Thus, if you visualize yourself as a successful trader then you might need to be more patient when approaching your target. You must not let greed get the most of you.

TRADING MYTHS

There are many strategies online and each of them claims to be the best. Well a majority of these are actually myths. Many authors would proclaim that their systems work ninety percent of the time and in whatever market condition. Sounds good to be true! The sad part is that these promises are unrealistic and may traders have lost believing these fake stories.

Another myth is that you have to win in most of your trades so that you can profit from it. This of course is not true! An example would be losing ten dollars in ten trades and then you a hundred dollars in your eleventh trade. Getting your head just above water level is what you are trying to do as a trader. This is why you have to structure your trade in a way that you have more gains than losses. This may not be as you have expected from trading but if you can do this then you may be well ahead from the ninety eight percent majorities.

IS IT NECESSARY TO QUIT YOUR JOB?

Should you replace your day job with a job as an online trader? Well, this is a case to case basis. Make sure you are earning more money online than your day job. If this happens, then you and probably consider quitting your more stressful day job. Nonetheless, in most cases this is not realistic and it makes a lot of sense that day jobs should be primary jobs. You can make trading your secondary income source. The good news is that there are many strategies out there that can help you do your day job and trading job together. This means that you are encouraged to focus on long term opportunities.

THE RIGHT AMOUNT TO TRADE

A lot of people might not agree about the amount that you need for successful trading. Nonetheless, the real fact is that you do not need any amount of cash to do so. This means of course that you can initially use a demo account thus doing away with the possibility of wasting money or earning money. However, there are a number of brokers who might permit you to open accounts in their sites without any starting or minimum balance. You can even have a dollar as your trade size. The only thing that you need to put in mind is that you trade your account with regards to percentages and not on how much dollars you have. You can implement similar strategies if you already have a hundred dollar or a million dollar trading account.

Last but not the least note, you must never do trading for your children or as a form of investment for your kids or life’s essentials. Trading is always a gamble it is almost always not guaranteed. Risks capital has to be the foundation of trading. If you can afford to lose money then trading online can be great for you.

A Guide to Trading Binary Options in the U.S.

Binary options are financial options that come with one of two payoff options: a fixed amount or nothing at all. That’s why they’re called binary options—because there is no other settlement possible. The premise behind a binary option is a simple yes or no proposition: Will an underlying asset be above a certain price at a certain time?

Traders place trades based on whether they believe the answer is yes or no, making it one of the simplest financial assets to trade. This simplicity has resulted in broad appeal among traders and newcomers to the financial markets. As simple as it may seem, traders should fully understand how binary options work, what markets and time frames they can trade with binary options, advantages, and disadvantages of these products, and which companies are legally authorized to provide binary options to U.S. residents.

Binary options traded outside the U.S. are typically structured differently than binaries available on U.S. exchanges. When considering speculating or hedging, binary options are an alternative—but only if the trader fully understands the two potential outcomes of these exotic options.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

Now that you know some of the basics, read on to find out more about binary options, how they operate, and how you can trade them in the United States.

U.S. Binary Options Explained

Binary options provide a way to trade markets with capped risk and capped profit potential, based on a yes or no proposition.

Let’s take the following question as an example: Will the price of gold be above $1,250 at 1:30 p.m. today?

If you believe it will be, you buy the binary option. If you think gold will be below $1,250 at 1:30 p.m., then you sell this binary option. The price of a binary option is always between $0 and $100, and just like other financial markets, there is a bid and ask price.

The above binary may be trading at $42.50 (bid) and $44.50 (offer) at 1 p.m. If you buy the binary option right then, you will pay $44.50. If you decide to sell right then, you’ll sell at $42.50.

Let’s assume you decide to buy at $44.50. If at 1:30 p.m. the price of gold is above $1,250, your option expires and it becomes worth $100. You make a profit of $100—$44.50 = $55.50 (minus fees). This is called being in the money. But if the price of gold is below $1,250 at 1:30 p.m., the option expires at $0. Therefore you lose the $44.50 invested. This called out of the money.

The bid and offer fluctuate until the option expires. You can close your position at any time before expiry to lock in a profit or a reduce a loss, compared to letting it expire out of the money.

A Zero-Sum Game

Eventually, every option settles at $100 or $0—$100 if the binary option proposition is true and $0 if it turns out to be false. Thus, each binary option has a total value potential of $100, and it is a zero-sum game—what you make, someone else loses, and what you lose, someone else makes.

Each trader must put up the capital for their side of the trade. In the examples above, you purchased an option at $44.50, and someone sold you that option. Your maximum risk is $44.50 if the option settles at $0, and so the trade costs you $44.50. The person who sold to you has a maximum risk of $55.50 if the option settles at $100—$100 – $44.50 = $55.50.

A trader may purchase multiple contracts if desired. Here’s another example:

  • NASDAQ US Tech 100 index > $3,784 (11 a.m.).

The current bid and offer are $74.00 and $80.00, respectively. If you think the index will be above $3,784 at 11 a.m., you buy the binary option at $80, or place a bid at a lower price and hope someone sells to you at that price. If you think the index will be below $3,784 at that time, you sell at $74.00, or place an offer above that price and hope someone buys it from you.

You decide to sell at $74.00, believing the index is going to fall below $3,784 (called the strike price) by 11 a.m. And if you really like the trade, you can sell (or buy) multiple contracts.

Figure 1 shows a trade to sell five contracts (size) at $74.00. The Nadex platform automatically calculates your maximum loss and gain when you create an order, called a ticket.

Nadex Trade Ticket with Max Profit and Max Loss (Figure 1)

As a member you will have

  • A private BLW Forum to interact with a wide community of traders.
  • General chat room to share your comments, questions about the signals and results after every single trade.
  • 8. Access to a Live Trading view Chart inside of your Signals Room so that you don’t have to leave the website and have several windows open
  • FREE Access to the BLW Trading Academy, and Signals Academy which will help you get on your feet as a beginner in the Online Trading industry.

About Christian AP

TRADER EXPERT
AND MENTOR

Is passionate about helping traders from their first steps in the world of online trading until their accounts increase with considerable zeros. He is focused on developing people and motivating them to reach their full potential, he preaches and advice that everything is possible even become into a rich person with the power of being disciplined, consistent and learning person.

Cristian Founded BLW Online Trading since 2020. BLW involves other brands of products focused on the same goal (Help traders to make money) as: 2-5 Minutes Strategy App, BLW Online Trading Academy, and BLW Signals Academy. He is an international online trading speaker where its best channel has been YouTube where the content turned out to be good, as we have grown from ZERO to thousands of SUBSCRIBERS.

Constantly invests to develop new technologies and a strong and capable team of workers to provide solutions to the traders who contribute to their trading sessions experience and and how to get good results.

FREQUENTLY ASKED QUESTIONS

1. Do I get Binary Options or Forex signals ?

2. Is this a software, auto trader or signal service ?

3. Can anyone use the app ?

4. What is the BLW Signals Group ?

5. How much is the BLW Signals Group ?

STAY IN TOUCH WITH US

HOW MUCH YOU COULD MAKE

Read this case

Let’s assume that you start with a $50 trading balance. If you follow at least 5 signals per day, you may win at least 4 of those trades. If you place trades of $5 (which is 10% of your balance) you then would make a return of $3.50 on each trade, meaning $14 profit, minus the $5 of the lost trade, that is $9 PROFITS PER DAY! Which is $45 per week, and $180 per month. Let me ask again: Do you think it’s worth to pay $29.99 per month for these signals?

*THESE ARE APPROXIMATE NUMBERS and may vary depending on many factors that we need to be aware of, such as market conditions, you following the signals as they are, the payout of your broker, etc.

I know these are a lot of numbers, but my point is that you won’t even miss the $29.99 per month, do you agree? Money is out there, and the BLW Community wants to help you get out there and get it. Would you take the chance?

We are making money together

We are making money together

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Any controversy or claim arising out of or relating to this contract, or the breach thereof, shall be settled by arbitration administered by the American Arbitration Association (the “AAA”) under its Commercial Arbitration Rules (collectively the “AAA Rules”), and judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. The arbitration shall be held in Indianapolis, Indiana, at a locale to be proposed by Binary Living Way, and the allocation of costs and fees for the arbitration shall be determined in accordance with the AAA Rules and shall be subject to the limitations in these Terms. In rendering a decision, the arbitration panel shall follow the law of the United States and of the State of Indiana, and shall not use equitable or other principles which would permit the panel to ignore these Terms or the law. The arbitration panel’s award shall be binding and may be entered as a judgment in any court of competent jurisdiction, provided, however, that errors of law may be appealed to a court of competent jurisdiction for review. Any award in arbitration shall be subject to all dollar and other limitations set forth in these Terms.

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GOVERNING LAW These Terms shall be governed by the laws of the State of Indiana without giving effect to any choice or conflict of law or rule (whether of the State of Indiana or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Indiana, provided, however, that disputes concerning patent, federal trademark, or federal copyright matters shall be governed by federal law. You consent to jurisdiction and venue in the state or federal courts of the State of Indiana.

TRADEMARKS, TRADE NAMES, AND SERVICE MARKS Unless otherwise indicated, all logos, names, package designs, and marks on the Site are trademarks or service marks owned or used under license by us or our business partners. The use or misuse of any of these marks or other information is strictly prohibited.

We grant you permission to print individual pages from the Site, unless otherwise expressly noted, for your noncommercial use in learning about and evaluating the services or products offered on the Site. No other permission is granted to you to print, copy, reproduce, distribute, license, transfer, sell, transmit, upload, download, store, display in public, alter, modify, or create derivative works of these materials.

This grant of permission is not a transfer of title, and under this permission you may not: use the materials for any commercial purpose, or for any public display (commercial or noncommercial); remove any copyright, trademark, or other proprietary notations from the materials; or transfer the materials to another person or “mirror” the materials on any other server, except as permitted by law.

We make no warranties or representations to you that your use of any materials displayed on the Site will not infringe the rights of third parties. In addition, you may not remove or alter, or cause to be removed or altered, any copyright, trademark, trade name, service mark, or any other proprietary notice or legend appearing on any of the content. Modification or use of this content except as expressly provided in these Terms violates Binary Living Way’s intellectual property rights. Neither title nor intellectual property rights are transferred to you by your access to the Site.

COPYRIGHT & INTELLECTUAL PROPERTY Binary Living Way understands the value and importance of intellectual property rights and makes every effort to respect the legitimate intellectual property rights of others. Binary Living Way does not review all of the material posted on or submitted through the Site and has no responsibility for any content that you may find or access when using the Site, products, or the Services.

Binary Living Way takes all concerns related to intellectual property seriously and it is our policy, at our discretion and in appropriate circumstances, to cancel, disable or terminate any user’s Account who infringes or appears to infringe the intellectual property rights of others.

If you believe that any material on this website infringes a copyright, or any valid intellectual property right, please provide the following information to our DMCA Agent.

• A physical or electronic signature that you are authorized to act on behalf of the owner of an exclusive right that is allegedly infringed;

• Identification of the copyrighted work claimed to have been infringed, or, if multiple copyrighted works at a single online site are covered by a single notification, a representative list of such works on our website;

• Identification of the material that is claimed to be infringing or to be the subject of infringing activity and that is to be removed or access to which is to be disabled, and information reasonably sufficient to permit us to locate the material;

• Information reasonably sufficient to permit us to contact the complaining party, such as an address, telephone number, and, if available, an electronic mail address at which the complaining party may be contacted;

• A statement that you have a good faith belief that use of the material in the manner complained of is not authorized by the copyright owner, its agent, or the law; and

• A statement that the information in the notification is accurate, and under penalty of perjury, that you are authorized to act on behalf of the owner of an exclusive right that is allegedly infringed.

SUBMITTED INFORMATION Except for Personal Data (as defined in our Privacy Policy), if you submit any other information to us, including any data, variables, comments, remarks, suggestions, ideas, notes, drawings, graphics, concepts, or other information, you are giving that information, and all your rights in it, to us free of charge, and that information will be treated as non-confidential and non-proprietary and may be used by us for any purpose, without your consent or any compensation to you or anyone else. This is true whether you submit such information to us by email, through a form on the Site, on a bulletin board, or in any other manner. We may from time to time monitor, review, and, in our sole discretion, modify or delete any postings you make on the Site, however, we are not obligated to do so. You agree not to submit or transmit any material that is unlawful, threatening, libelous, defamatory, obscene, pornographic, profane, or might in any other way violate any law, regulation, or rule, or these Terms. You are solely responsible for any material you submit to the Site. You further agree not to upload, email, post or transmit to, or distribute or otherwise publish through the Site any material which disrupts the normal operation of the Site or the Services, including posting or otherwise transmitting material that is not related to the subject at issue or otherwise restricts or inhibits any other user from using the Site or the Services. Through your usage of the Site and/or the Services, you may submit and/or we may gather certain limited information about you and your website usage in accordance with our Privacy Policy. Subject to the terms of our Privacy Policy, we are free to use such information for any purpose we deem appropriate, we will not be required to treat any such submission as confidential, and we may use any submission (including without limitation, for products or advertising) without incurring any liability for royalties or any other consideration of any kind, and will not incur any liability as a result.

Our failure to strictly enforce any right against you shall not constitute a waiver thereof. If any provision of these Terms is deemed invalid, illegal, or unenforceable, such provision will be deemed amended to conform to applicable laws and the remainder of the Terms shall remain in full force and effect to the fullest extent permitted by law. Your use of the Site and our Services is subject to our Privacy Policy. These Terms and the Privacy Policy represent the full understanding and agreement of the parties with respect to the subject matter hereof and supersede all prior or contemporaneous oral or written communications with respect to the subject matter. Our relationship shall be that of independent contractors, and no agency, partnership, joint venture or employee-employer relationship is intended or created between us by these Terms. Neither party shall have the power to obligate or bind the other party.

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