Hello, my name is Mario K., I am 33 years old and currently live in beautiful Berlin. For over five years I have been working on how to earn money on the internet. For this purpose I have tried some possibilities. Until I came across the topic of binary options. In the following, I would like to report on the prospects for trading binary options.
 
Make money on the Internet with binary options: Is that even possible?
According to all the offers I have found on the Internet, trading binary options is one of the best opportunities to earn even 500 euros or more a day. But beginners should be careful. Because with binary options you can not only make a lot of money, you can also make a lot of money. Anyone wishing to start trading binary options should therefore first acquire some knowledge of the subject. In my report I would like to explain how I started trading and what I experienced.

What is the right broker?

At the beginning I tested some platforms from my PC. I especially liked the broker BDSwiss (Banc de Swiss). Because here I could already open an account from 100 Euro and trade from five Euro. The trading platform is based completely on the browser and does not have to be downloaded. It is professionally built, I could immediately find my way around without any problems. The support is provided in German, which of course makes it a lot easier if you have any questions. Later I used the BDSWISS app on my smartphone. So it is no problem to act on the way or from the office. All important functions are available on the app. The software can be handled just as well as the online offer from the PC. I always felt at home with BDSWISS. This broker is a secure company. BDSWISS is a broker regulated in the EU, which is supervised by the CySEC license.

My Trading Strategies with Binary Options

The good thing about binary options is that it doesn’t matter whether the price rises or falls. Binary options can be traded in the same way as all traditional stocks, commodities, indices or currencies. But I don’t buy them cheaply in this trade and sell them dearly, as is usually the case with trading stocks. With binary options, all you have to do is predict how the price will develop within the next 30 or 60 minutes or 60 seconds. So it doesn’t matter whether the rise or fall is a few cents or more money. Even if the price at the end of the chosen time is only one cent below or above the initial value, I already get over 70 percent of my deposit credited as profit.

Click here and trade with BDSwiss Options >>

A normal trading day with binary options:

I often sit in my office after my lunch break, at 13:30 already. Then it can happen that I find a short moment to take care of binary options. Via my app, for mobile phones, I call up the BDSWISS trading platform on my smartphone. At 13:35 I select currency pairs. The US government’s quarterly figures have already been released at 11:00 that day. They are very promising today. I received a hint in the calendar overview that this circumstance could have a positive effect on the US dollar currency. It’s high time I gave my tip on the Euro/US Dollar currency pair. I click on the arrow pointing down. This means that I choose the PUT option. I think the euro will lose against the dollar today. My bet is 200 Euros. My deadline is 17:00. When I get off work, I want to make a big profit of 150 Euros and have a total of 350 Euros credited to my account. Because BDSWISS grants with this currency pair 75 per cent net yield. All this sounds fantastic and the exchange rate actually rose on this day. But one may not forget one with this strategy. Because if the course sinks, then the 200 euro are retained less my insurance, which I locked for the case of the loss. This means that my account at BDSWISS would lack some money in case I lose.

Emotions when trading with binary options

During my many years of experience with binary options, I have been able to determine one thing: The biggest enemy when dealing with binary options is emotions. For example, a feeling of greed and power makes this especially clear. If you win an amount of money once or several times in a row, you quickly lose your inhibitions and want to win more and more. If then a loss phase occurs, it can come fast to feelings of the frustration. With a winning chance of 70 percent or more, it is difficult to hold back. If you just want to try trading, you can open a demo account at Plus500, OptionBit or Optionweb. Here you can trade in real time. A wide variety of strategies can be traded without taking any risk. A ‘starting balance’ is automatically credited to the demo account. I also started trading with a demo account and I was excited about my chances of winning.

The deposit and withdrawal options in binary options trading

I have only had good experiences with my deposits and withdrawals at Banc de Swiss. Because security comes first with this broker. If you want to start trading with binary options, you first need a merchant account. So I first registered with BDSwiss and opened a trader account. Then the minimum amount available for a deposit must be paid into the account. This is currently the amount of 100 Euro for the BDSwiss account. However, this amount seemed too small to me, so I immediately paid 250 Euro into the account. After the payment the account was switched to active. I was able to start trading immediately. The broker Banc de Swiss accepts all common credit cards such as MasterCard or VISA for deposits. Customers can also make a payment with Maestro debit card (EC card). In addition, payments can be made via bank transfer and Sofortüberweisung. Furthermore, money can be deposited via Offline Bank Transfer, Paysafecard, EPS, Ukash, Postepay or via the payment service Skrill. With this broker it should be noted that not all payment offers are also offered internationally. BDSwiss does not currently offer deposits via PayPal.

 

Experience report written by Mario K., 33 years old, from Berlin