Part 1. Background

I first heard about the Forex market back in 2010. Then my older brother signed up for a trading course and told me a lot about the basics of currency exchanges, Japanese candlesticks and people who made fortunes from it. In those early years, I was not at all interested in the market, and somehow I had no thirst for easy money. And all these terms like Japanese candlesticks, margin, leverage, sounded like white noise to me. But my brother confidently attended classes, watched video lessons and tried to trade on a demo account, and then on a real account. At the end of the courses, the academy opened a real account for each student with $100 in it. For overclocking, so to speak. According to the brother’s stories, half of his “colleagues” lost these deposits very quickly. And, as the teachers said, this typical mistake newbie, everyone goes through this. Time will pass, and you will learn risk management, and money will flow, if not like a river, then at least in a stream, enough for sausage sandwiches. Sounds tempting, doesn't it?

Time passed and my brother’s ardor somehow faded. He almost lost his 100 dollars, and, unfortunately (and as it turned out later, to great happiness), there was nothing to replenish the deposit with. And so his trading career ended. But he left the market without understanding whether he could make money there. One of his St. Petersburg friends, inspired by his brother’s stories, also started trading, but it was difficult to say whether it was successful or not, because his words were: “I seem to be earning something, but then I lose it all again” (oh how often I heard this phrase later ).

A couple of years passed, and the idea of ​​easy money from jumps in exchange rates was crawling somewhere in the subcortex of my brain. In 2012, my friend told me that his friend was sitting at home and making his living and mortgage on the Forex exchange. They say he opens a couple of well-thought-out transactions and lights up 500 bucks from each. Here we saw the first person actually making money on Forex. And the fire in our hearts burned. We started reading articles and watching video tutorials about what an exchange is and what trading terminals exist. Terms fell on our heads like out of a bucket - margin, leverage, indicators, orders, etc. But it was even funny, because we felt that this was the beginning of our careers as millionaires. We registered demo accounts and began to master trading.

Naturally, at first everything was unclear, some arrows, graphs and numbers. But after a couple of weeks, we got used to it and felt like fish in water. There was only one thing - even on demo accounts we had no profit. But an excuse was quickly found - with the candy wrappers of a demo account there is no risk and no fear, it’s time to switch to real money. We quickly looked through the tops of the best brokers and chose the appropriate option. And we deposited into our first accounts, as expected, $100 - the minimum deposit. Well, trading began, and our expectations were justified; with real money came fear and a sense of responsibility. At the moments of opening the first real transactions, my hands were shaking as if in a traffic police exam. But with real deposits came another factor, the most dangerous and insidious. A factor that has caused millions of people to lose everything in their lives. The factor that causes families and even lives to collapse is EXCITATION! And no matter how much I thought of myself as an objective, sensible person and not subject to excitement, I succumbed to excitement. And its destructiveness lies in one simple thought: “Now I’ll invest more in this deal and not only will I get rid of all the minuses, but I’ll also double the deposit.” This thought ruins all risk management plans, strategies and techniques. And no matter how many articles I read about how to develop a system and strictly act on it, nothing worked for me. Sooner or later the excitement took its toll. You can, of course, say that I’m so small-minded and spineless, but, unfortunately, I’m not the only one. And so far in my life I have never seen a person making money on Forex, except... a broker!

As a result, like all newcomers, we lost our first deposits. But, again, this was expected, because this is a “standard error”. And since the error is standard, it means we are moving along the beaten path to enrichment and heavenly life. We need to work on our mistakes. And to work, you need funds. So we added a second batch of money to our deposits. Well, what can you do with 100 dollars, we poured in 500. Well, so that we could immediately recapture those 100 and earn new ones. By the way, there were times when 500 grew to 600 and it was really nice. But then they turned into 400, 300 and melted from deal to deal. We promised ourselves that it was time to reduce trading volumes to reduce risks. One simple factor prevented us from doing this - the painfully familiar EXCITATION. After all, every time it seemed like this was the deal of my life and now I would invest everything in it, and how the market would jerk in the right direction. But he always tore in the opposite direction, taking with him the remnants of our deposit. Second deposits were approaching zero.

And then we started thinking, is it really possible to make money on the Forex market?

Part 2. How we got rich with gold

As I already said, our second deposits were coming to an end, and we decided to understand what was the reason for our troubles. We identified the reason quite quickly - the wrong trading strategy. Like all new traders, we traded haphazardly. Yes, we had some tactics, but, succumbing to the excitement, we forgot about everything and rushed after the rapidly departing schedules. The fast movements of the market drove us crazy, afraid of missing out on big profits, we rushed into transactions. This behavior is even described in many smart articles and is called “Jumping on a departing train.” And the fact that our behavior in Once again fits the classic definition of beginner’s mistakes, it only confirmed that very soon we will become seasoned pros and start earning decent money.

But the leaked amount of almost $600 no longer seemed trivial to us, and we decided to slow down a little. We switched to very small transaction sizes and tried to open strictly according to the system. And, in general, something even worked out. Only the profits were completely boring. From deposit balances of about $100, we earned 1-2 two dollars per transaction, which could last more than one day. This situation upset us, because at this rate it will not be possible to return the old deposits soon.

And we decided to turn to our friend for help, the same one who, sitting at home, earns money on the stock exchange both for a mortgage and for a living. His answer was simple and clear - you are trading the wrong pairs. Ditch this Eurodollar and switch to gold trading (XAU/USD). But there was only one significant drawback in trading gold - minimum amount the deal is $125, and you also need a little drawdown. In general, our deposits were not suitable for gold at all, and somehow we didn’t want to put new money on them from our own wallet. However, we added a gold chart to our terminals and began to look at it regularly. The figures there were painfully beautiful, and the intensity of the traffic really inspired hope for a quick profit.

After a couple of weeks, we felt ready! It seems that the deposits have stopped melting and we have somehow begun to control ourselves. We have developed our own systems, graphs and arrows, almost like a pro. We gathered our strength and deposited another $500. Well, it’s just that 125 was needed for one deal, and it’s not a fact that it will work, and the reserve was small. And we went to trade for gold. I remember that we certainly had enough adrenaline. Opening a trade where each pip costs $1 was cool. With each market movement, the numbers in the terminal changed in a childish way. The most interesting thing is that we had positive trades, and the fact that the cost of one point was high made the profit very significant. We closed a couple of deals for +$200. Second interesting fact that gold really lends itself well to analysis. It worked especially well on strong lines. True, there was one thing - the chart approached strong lines no more than once a month, but I always wanted to trade. But we controlled ourselves, placed pending orders and waited for juicy deals.

And life would be honey if everything depended on us. After some time, we saw that gold does not always follow strong lines; sometimes it simply breaks through them and rushes to stop losses, taking away our money. Succumbing to the same EXCITATION, we rushed after the schedule, changing trades to the opposite ones. But this, as you know, is bad practice and we lost the deposits. Moreover, we merged them very, very quickly, rushing into one or another adventure. And what’s most interesting is that in all this fuss, you begin to get tired of losing and stop feeling that you are losing real money. Your own, which you recently transferred from your own wallet to the broker.

At the moment when the margin call hit our accounts, we were so exhausted that we were even generally glad that it was finally over and we didn’t have to worry anymore. We firmly decided to leave the Forex market and all these ventures for easy money. Even though we saw positive trades and even closed them. Despite the fact that we, our friend sits at home and makes a living for himself with a couple of transactions, and we work hard at our jobs and there are no prospects for a carefree future.

Is it possible to quit Forex? Is it possible to just leave it one day and never return?

Part 3. How the trading assistant helped us drain the deposit

After a couple of months without Forex, my hands began to itch a little. The resentment from the loss faded away, and those same profitable trades and big candles on gold did not give us peace. After all, there were successful transactions, and they were opened according to our system, when all the facts were clearly planned, and entry into the transaction was carried out only if there were signals. So what then was the reason for our defeat? Why did we leave defeated? And all the forums and books unanimously repeated that the market does not forgive mistakes, that 90% leave with nothing precisely because I trade haphazardly. And only 10% of real pros actually earned their millions on the market.

And then we came across one interesting phrase“The one who walks will master the road.” We have used this phrase more than once in a humorous version: “The road will be mastered by the one who walks, who goes to...”. One way or another, it became our motto. But really, all our troubles are just thorny path to the laurels. And only cool-headed traders who are able to learn from mistakes are able to reach the end. And off we went. But how can we learn to be cool-headed? How can you stop giving in to temptation and trade strictly according to plan?

The answer came as an inspiration - I need to write an assistant. After all, it is a cold-blooded machine that will be able to objectively assess the situation on the market without succumbing to panic and excitement. Almost all modern terminals have built-in programming languages, and we, by the way, are programmers by profession. The idea was innocent - to write an assistant that would evaluate the market based on a number of factors and tell us whether to open a deal or not. We tried coding for a week. We read the specifications, looked at the examples - everything became clear. The assistant was written quite quickly. I will not go into details of our system, but it assessed the chart at different periods and highlighted interesting points at which, in our opinion, trading began.

The assistant test began, which was very successful. Yes, there were a lot of mistakes, but more than 70% of the decisions were correct. We worked on demo accounts for now, because our real accounts were at zero. In the process of writing the assistant, we saw another important advantage in it - it can work around the clock, it’s also a machine. Here we decided to entrust all trading to him. We added it with the function of opening a deal and started testing it. Again, almost all terminals have access to price history and are able to evaluate the effectiveness of the assistant based on history. The results of the assessment amazed us. Income from transactions was up to 1000% of the deposit per month. True, this was just a story, but we tested it over a long period and the results inspired confidence. Having debugged a number of system parameters using history, we decided to launch the assistant in real time. True, it’s still on a test account.

A couple of weeks of tests showed nothing. The profit was zero, but there were no losses either. We quickly found an excuse - the market is sluggish now. The market was indeed sluggish during this period. We decided not to torment ourselves, otherwise we would suddenly miss all the action with this demo account - we replenished the deposits and launched the assistant on the real account. They set him the minimum transaction size and set him free to sail. He swam for about a month. The market behavior was completely different from history. Although all the forums and textbooks unanimously repeated the golden rule of trading: “history repeats itself.” Yes, for some reason it didn’t happen again. The robot traded, opened a bunch of deals, but we didn’t see a 1000% growth.

Probably the phrase “Third deposits were drained” is now expected. We allowed the assistant to drain only half of the deposits, then we cut his wires. There were 250 bucks left in our accounts. Meanwhile, gold was approaching a very strong line. Well, the EXCITATION took its toll and we decided to recoup all the lost money with one deal. They placed orders and began to wait. The orders, by the way, worked as expected. And we went into profit. We immediately reached $500. But they didn’t stop there; they began, as they wrote in the textbooks, “Milk the market until last straw" But the market milked us faster.

The third deposits were lost. But the mistakes are still the same - succumbing to excitement, we deviated from the plan. Although sometimes history simply did not repeat itself, and the market ignored all the lines and went about its business. Is the market amenable to analysis or is it influenced by random fundamental factors that disrupt all traders’ plans?

But main question, which began to interest us: “Are there people who made money on the Forex market?”

Part 4. Are there people who have made money on the Forex market?

We actually studied this question at the earliest steps, and the answer was obvious - YES! But we began to search more carefully. There are a lot of stories on the Internet about this trader and that one, here they are, these lucky ones. And, reading their stories, we saw how they started, how they made all the same beginner mistakes. There's a German grandmother who, in retirement, sat down at the terminal and made a fortune. Well, yes, it seems there are such people on the Internet. What about in life?

We turned to our old friend with a mortgage. The truth amazed us - so far he has not earned anything, but only lost 200 thousand!!! His wife pays for the mortgage, and he does part-time work, and puts everything he earns on deposit, in the hope of making up for the minus. Before this, he was simply ashamed to admit his failures, they say, they would think he had to be crazy to lose such money. That’s how it is, in general. Although, in his opinion, he has not lost them, he is still in the process of understanding the market, and big profits are already on the horizon.

My brother’s friend from St. Petersburg abandoned this business a couple of years ago, saying, “he earned something, but then lost it all.” It turns out that everything real people, with whom you can talk - did not earn anything. On the Internet on forums, people boast that they have been trading for years and very successfully, but in neighboring threads these same people say that they open at a minimum, because the deposit is close to zero. A bit strange for a millionaire.

After analyzing the entire Forex market, I came to a number of contradictions:

1) If it’s easy to make money in the market, as brokers say it is, why don’t they just trade themselves? After all, why should they collect these crumbs in the form of interest on transactions, when they themselves can spin millions there and earn millions. But brokerage companies employ hundreds of employees.

2) Why would someone who has developed his own unique trading system that brings stable income, share it with others? And not just sharing, but also trying to conduct paid seminars for 100 rubles per participant. And some even offer to send CDs by mail for 200 rubles. This is a bit petty for a millionaire, don’t you think?

3) Why should people who have written a successful assistant that brings in 1000% per month post it online? After all, you are already a millionaire, why create competition?

4) Why does a person who considers himself a pro and has been trading successfully for many years write on the forums questions: “Well, where will the market go? What are the forecasts? After all, you have a system and you are based on your proven signals, and not on the opinions of little-known people.

After analyzing my and others' experiences, I came to the following conclusions:

1) Yes, there are people who have made money on the Forex market, and these are the same brokers who collect interest from transactions and conduct paid seminars on “how to quickly lose your deposit.” Besides, I'm sure that most of them don't open your trade at all, but just keep the money in their accounts waiting for you to drain them. And you will merge them, because all these trading systems are nonsense.

2) People who say that they make money on the Forex market are in fact ordinary players in slot machines. They are simply addicted to EXCITATION and eager to recoup all their losses and hit the jackpot. It’s not for nothing that I highlighted this word in all articles. This is the same addiction as casinos and other long-proven addictions.

3) All these win-win systems are aimed only at ensuring that you quickly lose your deposit and, in the hope of returning what you lost, bring more and more money to the broker.

I described my experience only so that people who are going to or are already trading on the Forex market will analyze my words and try to understand that it is impossible to make money there. You won't be able to tame the market. The market is not subject to analysis or systems. Most likely, you will simply lose your deposit, and then the next and the next. Leave these ideas before it's too late. You will not be able to return money already spent.

Stop! Forex is a soulless machine that absorbs your earned money.

A is it possible to make money on binary options ? Or is this just another ploy by brokerage companies wanting to attract ambitious traders hungry for easy money? Let's be honest—options brokerages vary. The first task of any commercial organization is to make a profit. Another question is how to get this profit? You can do it honestly by receiving spreads and commissions, as many Forex brokers do. Or you can be dishonest, for example, by not bringing traders’ transactions to the real market and pocketing their deposits.

Today, more and more companies (yes, almost all companies) operate as honestly as possible. Yes, there are moments that clients can regard as fraud, etc., for example, high commissions or opening a demo account only after replenishing a real one. But all these points are spelled out in contracts and are legally legal. Another thing is that the client today is picky - he wants 100% guarantees, low commissions, and high payments by winnings, and much more. Therefore, there have been and will continue to appear bad reviews about Forex and binary options (BO) brokers on the Internet. Our task is to pass them through common sense and separate the wheat from the chaff, as the Bible says.

Let's look at whether it is possible to make money on binary options and how to do it.

Binary Trading Basics

After simple registration, the trader is faced with the question - what next? What to trade? The 60 and 120 second turbo options seem so tempting. After all, the profit will be in 1-2 minutes!!! We enter into a trade and lose the bet. “It can’t be, it’s an accident!” - we tell ourselves, increasing the bet and buying the upside option again. But this bet also loses.

This continues for several bets in a row until we lose our small deposit of $100. We are perplexed: “Well, how can this be, the market should have gone up!” And the price treacherously turns around and actually goes up. But for us it doesn’t matter anymore...

Something like this can be seen when a newbie trader starts trading binary options. And the understanding that for a stable profitable trading you need a good trading strategy, endurance, the use of strict money management, etc., which comes later. In some cases - never. And then the trader quits trading, labeling him “This doesn’t work, it’s a scam!” on the broker and trading itself. But all that was needed was a little patience and understanding.

The first step of a trader is choosing the right trading strategy. Don’t rush to chase turbo options – there’s a rush and thirst here fast money can play a cruel joke on you. Leave aggressive turbo options to more experienced colleagues, and try trading long-term options yourself - 15 and 30 minutes. There is no need to rush here; if you have correctly identified the trend, then in such segments we will get an advantage and good price movement.

Next, you need to decide on money management, limiting risks and potential losses. What is the minimum bet size you require? What is the maximum? Should I increase my bet after a loss? You should get answers to these questions before trading, not during it.

Practice

It would seem that now you can sit down and trade! But no – first we need practice on a demo account. “What demo account? – you say. Let's start trading with real money!” And you will be wrong.

How else can you hone your trading skills using your chosen trading strategy without risking your own money? By practicing on a demo and getting a stable positive result for at least a week, better than two, we can be sure that a similar result will be in real life. More precisely, in real life it will be more difficult, because we understand that we are playing with our own money and can lose it. But if we got good results in the demo, then at least we chose an excellent strategy! Then all that remains is to repeat this with real money.

Therefore, we can recommend you the OlympTrade broker as a company that provides a free demo account. There is also an interesting point that is perfect for traders with small deposits - the broker allows you to open trading accounts in rubles at the rate of 30 rubles = 1 $.

We hope we have answered the main question of the article: “Is it possible to make money on binary options?” And there is only one answer - yes, of course you can! You just need to plan your actions and stick to the plan. Good luck, and remember that the profitability of trading depends very much on

Many Internet users who were or are interested in making money on changes in currency rates asked the question: “how much can you earn on binary options?” Most traders actively working on Forex or the stock exchange believe that making money on binary options is impossible, explaining this by the fact that the limited time of a trading operation allows you to analyze only line graphs and does not intersect in any way with the fundamental analysis of trading forecasts, which means that transactions are made at random. Classic Forex followers think that even when analyzing candlestick charts, a short TF (M1, M5) creates market noise and generates many false signals and leads to the loss of the deposit. This idea of ​​BO trading is fundamentally wrong and leads to the feeling that binary options are not much different from roulette. Find out whether you can make money on binary options and how to do it, described below.

How to make money on binary options

If the goal of earning money is to increase your money multiple times, you will have to work without being distracted by extraneous matters. You need to familiarize yourself with the terminology of binary options, find out how advisors function (it’s not a fact that you will use them, but the theory has never hurt anyone), what strategies are used (to choose or build a custom trading strategy), what is fundamental analysis and much more to understand what you have to work with. To get acquainted with the platforms and earnings, there is a demo account that allows you to make transactions according to market prices without investing real money. Many traders earn money periodically, during news releases, for example:

When Apple made a presentation of the new iPhone, their stock prices jumped by 14% in an hour. Traders who bought hourly or end-of-day options made a profit.

Similar market entry points are used when analyzing the news noted in.

You should definitely not use strategies based on probability theory, since they only work when expected value greater than or equal to 0. On binary options, the mathematical expectation is less than 0. This is due to the “all or nothing” principle underlying trading. Moreover, the percentage obtained with a correct forecast = 75% (sometimes less, less often more). With a simple calculation, it turns out that the share of successful forecasts should be slightly more than 60% of all concluded transactions. Let's give simplest example, illustrating the fact whether it is possible to make money on binary options, relying on “maybe”:

Let's say there is $100 in your account. With a bet of $10 and a profit percentage of 75%, you will receive $7.5 from a winning transaction. If your prediction is incorrect, you will lose $10. That is, losses are greater than gains. To compensate for them and earn a little more, for every losing trade there should be 2 profitable ones. With a win/loss ratio of 50/50, you will receive a drawdown equal to $12.5. At 60/40 the drawdown will be $5. And only with 70% of profitable trades will you make a profit of $2.5.

Not a bright prospect... With the reduction in the profit percentage offered by the broker, everything looks even bleaker. Therefore, the primary task of the BO trader is to work on the quality of the analysis of price movement and increase the number of transactions that are closed “in the money” and not rely on strategies based on probability theory.

Experience in trading binary options is important, which will significantly increase profits, since all events are repeated, therefore, the speculation from the example about apple will also work when another product is released. For beginners, in order not to lose their entire deposit, it is recommended to start trading on a real account with bets of $1; after 100-120 profitable trades, the size of trading operations can be increased to 10 and even 100 US dollars (of course, within the limits of rational money management).

How much can you earn on BO?

Is it possible to make money on binary options and how much are the first topics of concern to novice traders who are looking for reviews, since they still consider this method of making money a scam. The answer to questions about who made money on binary options will be provided by a forum where this information is provided by practicing traders. But no matter how much anyone says, theoretically you can earn an unlimited amount of money; for this you need to understand the essence of pricing trading instruments, have a deposit with an airbag and comply with risk management. Some users earn $100-200 per month, and some earn up to $100,000 monthly. The level of earnings depends on the developed strategy, the trader’s knowledge in the field of trading using binary options, the size of his deposit and bets.

Let's consider a hypothetical situation.

Let’s say the bet is $1, and the profitability percentage is 75. With 10 profitable trades per day, the profit will be $7.5. This is $37.5 per week and $150 per month. With the same ideal conditions and at a rate of $10, earnings will already be $375 per week and $1,500 per month. What if the bet is increased to $25, $50 or $100?

Some traders make money using trading advisors or signals that indicate the need to buy or sell a certain currency as a result of news and technical analysis. By the way, it is not necessary to use paid tools, because... free ones work no worse (see here). Beginners to trading mainly use the strategies indicated in the training lessons on the pages of brokerage companies. Traders who receive stable high income from trading binary options constantly analyze the market, news, look for new entry points into the market, place large bets, etc. Users earning small amounts, enter into small transactions, mostly from time to time, when they are 100% sure of the correctness of the forecast for the price of a trading instrument.

To be honest, I myself find it difficult to remember the number of myths that I once read on the Internet about successfully making money on binary options. Also, first of all, you should understand what a binary option is and how it works.

How the market works

1. Virtual market.

2. Deception of control.

3. Overstatement of income.

5. Brokers are scammers.

2. There is honesty.

: “Is it possible to make money on binary options?” - let’s say, “yes you can.” But without calculating the risks, without studying the basic principles, it is unlikely that this will be possible.

To be honest, I myself find it difficult to remember the number of myths that I once read on the Internet about successfully making money on binary options. Also, first of all, you should understand what a binary option is and how it works.
A binary option is the process of making a profit by predicting market price jumps, which in turn is very similar to the stock exchange. Now let's open our eyes and understand that binary options have no connection with the stock market. After the 2008 crisis in the United States binary exchange options has become another tool for resale of currency. Only if in Western countries it is legal, and the risks are mitigated by banks, then with us everything rests on the honest word of guarantor firms.

How the market works : in Russia, trading is more similar to betting - they bet on price fluctuations. 90 percent are merged, of which only 10 percent make a profit. The broker takes a percentage of the transactions.

As I already mentioned, the Internet is very full of information on how to make money correctly on the binary options markets, so we will select a few of them that are most often mentioned in this section, which can be accepted or denied:

1. Binary options are a very simple method to make money.

2. Binary options are difficult to understand.

3. Binary options are a casino.

4. Only the rich can make money on binary options.

5. Binary options are a market with high risks.

You can also consider the reasons for distrust in the binary options market:

1. Virtual market.

2. Deception of control.

3. Overstatement of income.

4. Risk-reward fallacy.

5. Brokers are scammers.

As in any other matter, you cannot look at the problem from one side. Now let's see what's good about this financial instrument?

1. Maximum simplicity of the market instrument.

2. There is honesty.

3. Psychological component.

Therefore, when answering the question : “Is it possible to make money on binary options?” - let’s say, “yes you can.” But without calculating the risks, without studying the basic principles, it is unlikely that this will be possible.
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