Benefits of binary options in salary

Best Binary Options Brokers - Platforms & Reviews

So while all the strategy posts, and articles on money management, trading psychology, brokers, trading software options, indicators, and so forth might provide the foundation to getting yourself personally set up in the trading business, the main question that everybody should be applying to themselves is, can I actually trade binary options for a living?

Can I log on to my computer every weekday morning, pull up my charts, my trusted broker, and do this as my form of work for years on end without having to return to my day job ever again and retire comfortably?

For one, yes, it is mathematically possible to do this for a living if you are good at it.

You can turn very small sums into large sums by trading lower volume, but this would entail very risky money management practices, basically where your trade size is equal to or nearly equal to the sum from your previous winning trade. This would allow you to continue trading in lower volume and only take the best set-ups.

But the main issue with this form of money management is that once you lose — which is inevitable because everybody loses trades — you would wipe out your account completely. I am a big proponent of fixed-investment money management, where a single amount of money is invested into each trade.

Is it possible to trade binary options for a living?

This amount remains fixed until your profit returns and trading skill dictate that you can increase your trade size. The truth of the matter is that trading is very difficult even if you do have a lot of start-up capital to begin with. The scary thing about the trading profession is that no salary is ever guaranteed to you.

Your profit is dictated entirely and directly by your trading results. This can be pretty unnerving when your entire financial future is contingent on getting profitable trading results.

It can be a very, very precarious profession for those reasons. Here is my opinion. Even I have become receptive to the idea of having a regular income stream after college although trading full-time is my desired path. Is it possible to trade binary options for a living? Top Brokers Broker Regulated Min Deposit Payouts Bonus.

Brokers are filtered based on your location France.

How is Tax calculated Explained Example Rates Simplified Calculator

Reload this page with location filtering off. Demo Accounts Bonuses Low Minimum Deposit Brokers Charts Halal Options Trading Forex Options 60 Second Options Mobile Trading Apps Blog News. IQOptions Monthly Trade Data Helps Drive Your Trading Profits SpotOption Takes Steps To Meet Customer Demands Volatility At Historic Lows, Can The Bull Market Continue Market Outlook May 19 American Commodities Group Scam.

The information on this site is for general information purposes only and does not claim to be comprehensive or provide legal or other advice. The views expressed in contributor articles or on the forum are expressed by those contributors and do not necessarily reflect the views of BinaryOptions.

Articles and other publications on this site are current as of their date of publication and do not necessarily reflect the present law or regulations. Please note if you are from the USA: These companies are not supervised, connected or affiliated with any of the regulatory agencies such as the Commodity Futures Trading Commission CFTC , National Futures Association NFA , Securities and Exchange Commission SEC or the Financial Industry Regulatory Authority FINRA.

We warn US citizens of the dangers of trading with such entities and strongly advise that they take legal advice on this in the US.