Binary Options Success Stories. While looking up binary options online today, I discovered that a very common query which new traders put into Google is, “binary options success stories.” It’s understandable to want to read a couple success stories before you embark on a new investment enterprise. And you should be on the lookout for realistic stories of success which prove to you that you can indeed profit from binary options.
These stories can encourage and motivate you, and the best ones are backed up by solid data. But most of the “success stories” you’ll find on the web don’t have any backing. They’re often wildly unrealistic. Instead of looking for stories by people who say, “I turned $200 into $20,000 in a week,” or “I earned 500% in five minutes,” here is what you can benefit from reading. Realistic Success Stories. A realistic success story will not be one where you read about some average Joe who, on a whim, decided to invest $200 on a binary option, and in one minute, earned 500%.
Nor is it going to be a story about some guy who thought he’d try binary options out, and within a month had turned his $200 into $20,000 and quit his day job. There’s nothing wrong with having big goals, but you have to go into binary options trading realizing that the road to investing success is a long one, especially if you want to trade for a living. Here is how a more realistic trading success story should read: Joe Bloggs is tired of working in an office and wants to get on with his life and become truly successful on his own terms.
Joe has heard about binary options trading, and is interested because he only has a few hundred dollars to start out with. But since Joe is not well-to-do, he knows better than to blow his limited bankroll trading pell-mell based solely on his intuition. Joe spends several months researching the financial markets in-depth and about trading strategies developed by other traders. He finds a trading method which may help him to consistently profit, and backtests that method on hundreds of trades using old charts.
When he achieves excellent statistics, ai forex robot he spends the next several months demo testing with a binary options broker which lets him do that. Joe doesn’t achieve the amazing results he’d hoped for in demo, so he goes back to the drawing board and works on perfecting and adjusting his method for the next couple of months. When he has finished with that, he demo tests again, and achieves profit this time. Joe realizes he needs to trade conservatively, preserving his bankroll, so he waits until he has $500 to invest with a binary options site, and then opens a real account.
He only trades about 5% of his account on any given trade. Slowly but surely, he builds up his capital, how forex robot works trading more and more money over time. After several years go by, he becomes a profitable trader. He keeps his day job, and adds more money to his trading account when he has a chance. Eventually, he makes enough money trading that he can trade for a living and quit his day job.