Of course everyone wants to make big profits when trading Binary Options online and not just once, but on a continuous basis. That is why we have formulated a guide that highlights some unique and proven ways of making more money through Binary Options trading.
Before we get on with the proven ways, it should be duly noted that there is always an element of risk involved in Binary Options trading, and there is no such thing as a risk-free way. But the plus point here is that once you understand the risks; you can form strict long and short term strategies for avoiding those risks.
How Much Money Can I Make with Trading Binary Options?
In case of making money with Binary Options trading, sky is the only limit. However, on average, you can make a 80% profit, which depends on the Binary Options trading website you are using. So it is recommended that to check the maximum profit limit before signing up to a particular Binary Options trading site and make sure it is sufficiently high!
How Can I Hedge My Binary Options Trades?
Many traders hedge their Binary Options trades when they first join and get started with the trading at the website. You can hedge your trades by signing up to multiple websites, claiming all the welcomes bonuses, and then placing opposing trades through different websites. By doing so, it will be a guaranteed win no matter in which direction the market moves.
Is There a Smart Way To Use Binary Options Bonuses?
The answer to this is similar to what we have mentioned in the above question. This is the smartest move as it guarantees a winning trade and you get to fully utilize your welcome bonuses while getting surefire profits in return.
What are the Best Ways to Reduce Binary Options Banking Fees?
Whenever you perform Binary Options trading, you will be charged with hefty banking fees, regardless of whether you fund or withdraw from the website. This is why you need to have full understanding of the charges that you are forced to pay along with the deposits or withdrawals.
The best and most cost effective way to make a deposit is to use a Debit Card. Your funds will be instantly funded to your website’s trading account and the best part is that most Binary Options trading sites do not charge anything for this method.
Always avoid using money transfer companies like Western Union and Money Gram for funding your online trading account. The reason is that they charge huge fees and take more time for the deposited funds to appear in your online Binary Options trading account.
Web Wallets are another cost effective way through which you will be able to make instant low cost deposits. PayPal, Neteller and Skrill are good options. Also, you will be able to withdraw all the winnings and profits through these Web Wallets at any time. However, they do charge a certain percentage as fee for the deposited or withdrawal amount, which varies from brand to brand. So try to make small exchanges through these mediums to avoid paying high fees.
How Can I Lock in and Guarantee a Binary Option Trades Profit?
All the Binary Options trades have an expiry time and no one can be certain whether their trade will be a winning one or not. For those traders who want to make sure their locked in trade is a winning one, they can go for an early exit Binary Option trading.
Early Exit trading is all about making your way out of a trade when it reaches a certain value which guarantees a profit. Although the amount is not is not even close to the profit you would have gained when the trade matured, but still it is the safest option. However, taking an early exit comes with a small percentage fee, so make sure the profit covers that.
Another way of getting guaranteed profit is to utilize the One Touch markets once your Binary Options have reached a certain level. Once that level is reached, you will have a winning trade even if the value of that trade moves back again.