Today’s world is seeing unprecedented changes in people’s approach to money and finance. And the multiple money-making opportunities that emerge online reflect this paradigm shift very well. How long does it take to make a fortune and how much effort can normally be invested into that? It may be that the answers to these questions are not the same compared to what they were just a few decades ago. Below we want to tell you about a financial instrument that offers such a remarkable simplicity of the process that you may never go back to your old beliefs about making income online.
Binary Options – Simplicity And Efficiency
It is likely that you have heard about binary options before, but perhaps you wondered why they have been gaining quite a popularity recently. And if you did, the explanation may start with 2 keywords – simplicity and efficiency.
People who trade binary options earn on price fluctuations of an asset, even though they do not actually own this asset. For instance, they pick a EUR/USD currency pair, or some precious metal like gold, watch its market trend on a chart and make a forecast whether the price will go up and down by a certain moment. Technically this is all that has to be done. A certain analysis will be required in order to make this “up or down” decision, but it is totally feasible even for those who skipped their economic classes at school. At the outset, access to economic news and basic understanding of the market will suffice.
Efficiency is explained by high return rates for every deal you conclude. This is a parameter which differs from broker to broker, but the most highly rated companies like Olymp Trade will offer you up to 80 – 90% return.
Affordable for all
The mechanics of binary options totally dispel the concept that only rich investors can make a fortune on the financial market. The beauty of an instrument like this lies in the initial low threshold upon entering the market and the further leverage you get.
By low threshold we mean that since the actual cost of the underlying asset does not matter (you do not own it), quite a small deposit and even smaller minimum transaction amounts will be enough for a start. In case of Olymp Trade, these will be $10 and $1 respectively.
But the true magic is in profitability levels, as we have said before. For example, if you invest $100 in McDonalds stock with 80% profit rate and your “up or down” forecast is right, you will receive 80 dollars of pure profit. Multiply it by a number of successful trades in a day and a number of active days in a month, and you will be impressed by the results.
Of course, making correct predictions every time is not practically possible, and one has to remember that risks are a part of this kind of trading, too. However, a neat and intelligent plan makes it all manageable.
Where to begin?
The first step with binary options is finding a proper broker company, which provides favorable trading terms. When making this choice, it is also recommended to focus on two things: opportunities for education (especially if you are a beginner trader) and the company’s good reputation on the market.
The former will give you guidance how to earn, and the latter – confidence that the earned money will be on your bank card in time. We have already demonstrated why Olymp Trade deserves your attention, and here’s some more proof why.
Olymp Trade – Your Trusted Partner On Binary Options Market
The quality of Olymp Trade brokerage services has been recognized internationally. They are certified by FinaCom (the international Financial Commission), which guarantees that your funds are protected.
The company started offering its services in 2014 and can already boast 4 awards by now: Best Financial Broker (CPA Life Awards 2017); Best Binary Options Broker (KROUFR Awards 2016); The Fastest Growing Broker (ShowFx World 2016) and Best Binary Options Platform by Le Fonti.
Apart from low-cost entrance to the market and high profit rates, the following benefits are available to Olymp Trade clients:
- access to a whole knowledge database that will help you get the hang of binary options market (video tutorials, webinars, etc.);
- both demo and live accounts supported – practice as long as you wish, before embarking on a real-money investment journey;
- prompt and polite 24/7 tech support which speaks your language;
- quick and smooth money withdrawal (maximum amount is unlimited)
- no hidden costs – all commissions are on the broker’s side.
So, if you accept the new belief that money abounds and is available to all – binary options might be a well-timed choice. Make sure that your choice of a broker is just as good and start prospering!