Binary options have fascinated me for quite some time. Again and again I have read about the possibility of “making money” with binary options. I was critical at the beginning. Earn money with a gamble? But I soon realized that binary options are not really gambling, but that trading has a lot to do with strategy and knowledge. The fact is: If I hadn’t informed myself in advance about the market, about the strategies and tips and tricks, I would have acted like in gambling – and won accordingly not or only very rarely. Experience has shown me that trading binary options requires little luck, but rather market knowledge and strategies.

My experience with BDSwiss

I have registered with the provider BDSwiss. In the run-up I of course compared the different providers in the area of binary options. After the comparison, I was sure that BDSwiss was the right address for me. In the beginning, I mainly dealt with small amounts. BDSwiss offers an account opening with 100 euros; a very reasonable price if you use the other providers. The minimum bet is 5 euros – this was also fair to me. There are very well offerers, where under 20 euro no possibility takes place to accomplish an active trade. Since I was a beginner, however, I did not want to bet much money. Who knows – perhaps I would not have liked the trade with the binary options either. 100 euro account opening and a trade with 5 euro were worth it to me however to test once the popular trade possibility.

*** Gather your own experience at BDSwiss now ***

Market knowledge and strategies – luck has little to do with that

Mostly I traded binary options at home in front of my PC. I have confidently renounced the variant with the smartphone; I am still from the old school and prefer to use old and robust mobile phones. So I don’t have a smartphone. The strategies I used to deal with binary options were different. I mainly focused on the volatility strategy. This strategy is particularly advantageous in highly volatile markets and, with a little luck and a lot of knowledge, leads to success. At the beginning I traded with 5 Euro – after a few weeks I traded with 10 Euro to 20 Euro, whereby 20 Euro was the highest stake for me. The losses were naturally at the beginning present and my account was relatively fast within the range of the 50 euro. But then, with the help of the volatility strategy, I also made larger profits relatively quickly. The biggest profit I have made so far was 450 Euros. Of course there is a thrill to it. Is one right with his assumption? Do you actually win a few hundred euros? It’s a real adrenaline rush – which breaks out especially when you win. But you shouldn’t be discouraged by defeats either. Anyone who deals with binary options at some point loses. The only important thing is not to bet more money out of defiance to put any losses into perspective. That usually goes wrong.

My conclusion

I made the deposits by credit card. Of course, I was aware that I must not begin to lose track of the payments made with the plastic card. Again and again you read about a debt trap and about the fact that paying for online offers with a credit card quickly leads to spending more than you actually wanted. Nevertheless, I can say that so far I have only made one further deposit; I have made a total of 200 euros in deposits. So far I have won 2,000 Euros – so I have achieved a solid plus of 1,800 Euros.

Experience report written by Markus H., 33 years old, Graz