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The coin flip provider will use them as a poster child to market the quick and easy money you can make by flipping coins. Their success, however, is neither a result of a great investment tool nor their genius nor of a great strategy. Their success is merely a consequence of the odds: when enough people do something, someone will have incredible luck.

Some people have survived 13 plane crashes or a fall from a skyscraper. But does that mean that you should try to repeat their actions? If you tried the same strategy, you would fail. There is a fifty-fifty chance that betting all your money on every single coin flip would ruin you with your first trade.

Binary Options Millionaire

If you get lucky and win the flip, you would face the same odds again. Even if you are a lucky enough to win ten flips in a row, the 11 th flip would likely ruin you. The same applies to binary options. People who make a lot of money in a short period used an unsustainable strategy and got incredibly lucky.

There is a rumour that some brokers use this knowledge to their advantage. Most of their traders will lose this money, which means that the broker gets it back. Sooner or later, however, one employee will be lucky enough to win enough trades in a row to become a millionaire. The broker can use them as the poster child for their next advertising campaign.

It is possible to earn million dollars using binary options?

On the other hand, brokers do not really need to use such questionable methods. Once they have enough customers, one of them is bound to create such a story. The point is: people who got rich overnight with binary options failed to use a strategy that could generate long-term success. While they got incredibly lucky, you would be foolish to bet your money on the same one-in-a-million chance.

As we have explained, these millionaire traders are generally nothing more than a marketing scam. That, however, does not mean that binary options are a bad way of investing. Just like stocks will not make you rich in the blink of an eye, nor will binaries. But a solid long-term strategy can nonetheless create great profits. The main ingredient of long-term trading success is a trading strategy.


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With the right strategy, you can successfully trade many types of assets. The great advantage of binary options is that they offer more profitable investment tools than any other type of asset. If you want to get rich with binary options, you can. But it will not happen overnight.


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  • What you need is a solid strategy, long-term commitment, and the right knowledge. To successfully trade financial investments, you need a good strategy. Random investments will quickly ruin you. A strategy defines when you invest, how you invest, and how much you invest.

    Using Binaries Long Term

    It also contains a plan to monitor your success and keep improving. One of the most important points of a successful strategy is that you invest a small percentage of your overall account balance in every trade. When you invest between two and five percent in every trade, you survive losing streaks and gradually grow your capital. Traders who became rich quickly lacked a good strategy because they necessarily invested more than a few percent of their money in every trade. When you invest half of your money in every trade, you have a small chance to get rich quickly, but the infinitely more likely outcome is a failure.

    Even the best binary options traders only win around 70 percent of their trades. That is easily enough to make money — just like winning 70 percent of all coin flips would be enough. However, when you are unable to guarantee that you will win every single trade — and nobody can guarantee that with any kind of financial investment — you have to plan for losses. Sometimes, you will lose three or five trades in a row; sometimes, you might lose ten trades with only a few winning trades in between.

    If you bet too much on a single trade, you will soon end up bankrupt. This is why a get-rich-quick scheme is a bad strategy, and why you should invest for the long-term. This website provides a wealth of information about trading strategies and the right approach to the market.

    Information

    Use it, and you will enjoy long-term success instead of quick failure. I have made them convenient for you to utilize. Learn my One Million Trading strategy that i use to make my monthly income. This strategy includes:. Access to all training videos and future training videos. Downloadable PDF on certain videos so you can learn on the go. From start to finish, step by step.

    One Million Trader. I am one of the many designers for SojoS Vision Glasses. Since , I have exported several car parts from Japan to the United States.