This trader turned $12,000 into over $4 million. Find out here how he did it.
When trading fixed binary options, you’re risking 100% of your bet. At the same time, you’re offered a payout. This payout will differ as it is based on such factors as the time period of the bet, the specific financial instrument, plus its recent price action.
Typically, the payout will be less than 100% (especially for short-term bets that are also within reasonable limits), so in order to gain in binary options trading, you need to be right significantly more than 50% of the time.
Basically, you’re betting against the house. Good thing is that there are no commissions to pay. It always pays to check out different payouts among brokers as fierce competition for clients makes brokers’ offers more attractive.
Binary options trading involves risks, but can be exciting. However, remember this: Above all, you’re betting to make money, fun comes second. To really see how it works, try a free binary options demo trading account. Some brokers offer these for a limited time to prospective clients.
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