Rich binary option traders

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Table of contents

• Binary Options Brokers in Germany
• Best Trader in South Africa
• Richest binary options traders
• A ranking of the richest traders. What do we know about them?
• $ Deposit for Trading Binary Options - My Path to Freedom

It takes patience, time and a well-structured plan, probably over a number of years, to achieve.

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Take a look at this Excel document which has been modified from the original by forexoma. I am sure you are blown away by the figures. By the way, the excel spreadsheet is built in such a way that you can play with the numbers as you wish. You can adjust the initial capital, adjust the time frames, the percentage returns you wish to make per month, etc.

Binary Options Brokers in Germany

This is a plan which demands patience and lots of discipline. If the figures are truly outstanding and look achievable, why are many traders not there yet? The reason is simple. Many traders do not mitigate their risk. They aim for home runs in their trade, looking for that one huge payday. They look at the glamorous cars they can buy with the huge payout, or the things that money can buy and cannot deny themselves the lure of instant gratification.

Slow and steady will always win the race when it comes to trading.

The hidden principle to achieving what you see on the spreadsheet is compound interest. Albert Einstein called it the 8 th wonder of the world, and he was right. So how did a year-old school kid learn how to outsmart the best minds and machines on the planet, just by watching YouTube videos? There was also the very recent example of Gurvin Singh, a year-old medical student in Plymouth who claimed to be making six figures a month from foreign exchange trading.

Best Trader in South Africa

Those who signed up for his services found that their trading accounts were emptied on Christmas Eve and the FCA has added him to its warning list of unauthorised traders after the fact, unfortunately. This aggravates me because, as a genuine trader, I work hard to make profits and I know what it takes. There are many reputable financial-trading firms and brokerages out there.

Spread-betting firms typically make their money on the spread the gap between the buying price and the selling price and the commission paid by their clients.

So their business model does not benefit from losing traders. However, many brokers know that a losing trader can be very profitable — for them. Simply take the other side of the trade. When Johnny Punter buys, the broker sells.

And when Johnny Punter wishes to cover his losses, the broker buys and collects the profit. Unprofitable traders are so profitable for many a bucket shop that they will pay handsome introduction fees for new traders.

Therein lies the incentive. And of course, there are plenty of places to hunt down a cheap, out-of-season stay at a luxurious five-star hotel, where they can do exactly the same. Most informed investors realise that if a magic money-making machine did exist it would be owned by a private hedge fund, never to see the light of day. So anyone who actually believes that a year-old student could pull this off is ideal bait — inexperienced, naive and potentially desperate.

But also, they know or rapidly learn that there is very little the police can do. The banning of the sale of binary options was a step in the right direction. Then, when the client finally wishes to withdraw, the company goes cold and refers them to the small print, in which it says that the client must trade through an impossible amount of money just to be allowed to withdraw.

Other brokers allow the affiliate to widen the spread to maximise their own commission and increase losses for their clients. We look at ways to avoid being scammed in the box below, but in short, as always — if it looks too good to be true, it is. For more from Michael, see shiftingshares.

Stick with the UK: ensure any broker you use is UK regulated. And stick to well-known names — online reviews can be faked. Watch for fakes: many of these firms have a name that sounds vaguely like a City institution. Check out fca. A put option gives the holder the right but not the obligation to sell an asset — that is, a share — for an agreed price on or before a given date.

You can use put options to bet on the price of an asset falling. Your potential loss is limited to the premium paid.