Step 1 – Open your binary options account
To get started, you need to have a binary options account. The platform I recommend is called RaceOption, and is the one I showed in my YouTube video.
Open your RaceOption binary options account here:
A few reasons why I highly recommend RaceOption:
Quick withdrawals (you can get your earnings within an hour)
Reliable platform & they offer bonuses on your first deposit (I’ll talk more about bonuses in Step 2)
Strong Customer Service (very important if you have questions, concerns, or any issues with their platform, etc.)
After opening your account, go to Step 2.
Step 2 – Deposit funds
Once you’ve opened your account, click on the Account Funding button in the upper right corner of the page and then they’ll present you with options to deposit funds. Select how much you want to deposit, knowing that higher deposits come with larger bonuses.
That being said, if you don’t have much money to start with, feel free to deposit the minimum amount, which, when compared to the thousand of dollars needed for other types of trading, makes binary options very accessible.
Remember, this is your money and can be withdrawn at any time.
Now let’s go into the strategy so that you can quickly grow your funds and withdraw your earnings. Go to Step 3.
Step 3 – Apply Strategy
This is the most important step, so make sure not to skim over. I’ll now go into detail on how this system works so that you consistently bring in successful trades, minimize losses, and stay profitable.
As I mentioned in the video, binary options trading is simply deciding if an asset will go UP or DOWN, which is called CALL or PUT, choosing how much you want to invest on that prediction, and earning a profit for each successful trade.
For this strategy, we’ll be relying on the Trader’s Insight tool and performing 60 second turbo trades. As you can see in the image below, 42% of people think the asset will go UP (or CALL) and 58% think it will go DOWN (or PUT):
As you can see below, we’ll earn $8 in just 60 seconds for every successful $10 turbo trade:
Now that you know the basics of binary options, let’s go into the 3 steps of my strategy. This is crucial in order to stay profitable:
Step 1 – Select the turbo option and use the Trader’s Insight tool to determine whether to place a CALL or PUT trade.
Step 2 – When the tool is at 75% or above, set the investment amount to $10 and place a trade in that direction. If you win the trade, begin again with another $10 trade while using the tool. Repeat this until you lose a trade.
Step 3 – Whenever you lose a trade, double your investment amount and wait for the tool to hit 75% or higher and do a trade in that direction. Continue this doubling until you win.
As you can see above, the $20 trade has a profit of $16, this will recover the $10 loss from the previous trade and still give you a profit.
In Summary – The Trade Insight tool lets you know the likelihood whether an asset will go UP or DOWN in the next 60 seconds. Whenever the tool hits 75% or greater, you’ll place a trade in that direction. Finally, whenever you lose a trade, double your trade amount and immediately place another trade in the same direction. When you win the trade, you’ll recover any losses and stay profitable. Start again with a $10 trade.
Step 4 – Withdraw Earnings
After you’ve made some earnings, you’ll want to withdraw the money you’ve made. Simply click on Account Funding and then Withdrawals. As you can see in the image above, there are various ways you can withdraw your money.
After entering the amount you want to withdraw and submitting your withdrawal request, you’ll receive your funds within an hour, which as I mentioned before, is one of the top reasons I recommend RaceOption:
If you haven’t yet opened your RaceOption account, you can do so now:
I hope this short how-to guide will help you to succeed in earning some money online with binary options. Please feel free to share this page with friends and family. All the best!
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