Yes you can earn money trading binary options. In fact you can earn a lot of money. This is not to say that it is easy to make money trading binary options. Most people who trade with binary options end up loosing money and give up after a few weeks or months. To be a successfully trader you will need to be disciplined enough to stay well informed about all trading options that you have available at your disposal.
You will need to be skilled at predicting the market movements of the underlying financial instrument to become a successful trader. If you are then you can make a lot more money trading with binary options than you can by trading the underlying financial instrument. The price you pay for this potential higher return is the higher risk associated with trading binary options.
To be well informed about the underlying financial instrument is only one aspect of becoming a successful trader. You will also need to know how to manage your account and use your bankroll to offset the risk you take. By using good bankroll management you can reduce the risk associated with trading binary options. Learning correct bankroll management can be a little daunting but is not really that hard. Read our account management page to learn more about how we use money management to improve our chances to be successful.
How much money can you earn?
There is no limit for how much money you can earn while trading with binary options. The more you trade the more money you can earn. If you want to be able to earn a lot of money you should choose to trade with super short binary options. By trading super short binary option you are able to turn over your money at a very high pace. If you ride a trend then you can earn several thousand percentage in a single afternoon. If you let your profits ride than you can earn a lot more. You can also save and invest the winnings you make for a secure money growth. Sparapengar.com is a good website where you can find out more about investing profits.
How much you can earn from a single binary option varies between different brokers. Regular binary options usually give you a return of between 80-90%, More exotic instruments can give a return as high as 500%. The higher the return the less is the likelihood that the binary option is going to end in the money.