Printing Money is Easy! Or How to Make Easy Money with Binary Options
A cool summer evening, a cold beer in your hand, no more work for the day and you’re surfing the net in search of a good laugh or some info related to your latest hobby… but your little plan gets derailed by a stupid “Make Easy Money Online” with XYZ Binary Options Broker (Check out our list of binary options brokers). ads that pops-up on your screen. This happened to me a lot of times and I actually clicked them. Well, not always but when I’m in search of that good laugh, I was talking about, I check them out just to see the new schemes scammers come up with, constantly trying to fool other people… and unfortunately succeeding most of the times. Let me tell you, there is no such thing as “easy money”. It doesn’t exist! All those ads telling you that a student is making 500 bucks every hour online or that a housewife works from home and makes $10K each day… and now you can do it too, if you “click here now”… are total BS (personal opinion, of course).
Making Cash with Binary Options – Is it Easy?
And this takes me one step further: Is Binary Option trading a way of making easy money? I’m sorry to disappoint casino players and betting addicts, but the answer is a definite “NO!” Binary Options are a way of investing in the financial market and should be treated as such; after all, Binary Options can be traded on four classes of assets, including currencies, stocks, indices and commodities. To claim that trading, binaries are an easy way of making money online is wrong to say the least. Is currency trading easy? Is stock or indices or commodity trading easy? The answer to those questions is again “No”. So how could Binary Options trading be easy since it includes all four asset classes? Each asset class has its own particularities and ways of trading it. For example, you cannot apply all the Forex principles to stocks and gold is influenced by other factors than coffee. Ok, the main principle of Supply and Demand applies to all assets, but that doesn’t mean they move the same and traders have to adapt their style and use different techniques for each class and even for different assets in the same class. Take currencies for instance: EUR/USD moves differently than USD/JPY and both are different than AUD/USD so you need to put in some chart time to get used to their movement. You could, of course, focus on just one asset class and that would make things easier, but the most important thing you must understand is that Binary Option trading is not a quick fix for some vacation money; you cannot just step in and turn 500 bucks into 5K with no previous knowledge.
The Answer: Yes, Easy Money Making is Possible!
When you get it right, it’s definitely easier and more rewarding than a 9 to 5 job. That’s why it’s worth a try and by this I don’t mean just to have a look and decide if it’s right or wrong for you because that way you won’t get a clear picture. But once you really put your mind to it and take the time to properly educate yourself, only then it might become easier. Think about a trained runner: it wouldn’t be too hard for him to run 10 Km, but if you would make me do it… well, let’s just say that my eyes will pop out of their sockets and my tongue will look like the one of a thirsty dog… and all this will probably happen in the first kilometer. I mentioned turning $500 into $5K! Yes, it is possible! But you have to train and then it will probably become easier. There are no shortcuts, no magical fail proof strategy and work must be put into it. Trading Binary Options and making money online doesn’t require some sort of special talent or gift you are born with, it’s all about consistent, serious work and you are the only one who can decide if you want to make it profitable.
With practice and a serious approach, things always become easier. I bet the athlete who now runs 10 Km thinks it’s easier than when he first did it but of course, he worked his a$$ off to get where he is. When I first started trading, I didn’t know that trend lines even existed, let alone how to draw them. Now if you ask me if drawing a trend line is easy, I will tell you it’s the easiest thing in technical analysis. Using an Exponential Moving Average was rocket science… now it’s everyday work and yea, it’s easy. Most things are easy once you get used to them but you have a big advantage, which I didn’t: you have us to help. When I started trading, most educational material was very hard to come by if you didn’t have a lot of money (which I didn’t) to buy courses or indicators and people were less than willing to help you on forums. Now you have a huge collection of learning material at your disposal in our Trading School, all well explained and Free. If you don’t understand something, you can ask for further explanations on our Forum and you can practice what you’ve learned on our CommuniTraders 2.0 platform, which is also Free. If you want to jump into trading but you don’t have a strategy yet, don’t worry, we have your back with a huge collection of binary options trading strategies, adapted to your skill level. Basically, if you need something as far as trading education is concerned, you will find it on our website. If not, just drop us an email and we’ll see what we can do about it. We’ve got your back, so if you want to step up your trading, start learning and you’ll see how easy it will become.
- Check out “Make Money with Binary Options Signals” Article!