# EASY: How To Make \$500/Day at Home Trading Binary Options! | by Binary Options Expert | Medium

Dec 29, 2022

EASY: How To Make \$500/Day at Home Trading Binary Options!
Binary Options have recently been popular with the rising cases of people who turned into millionaires with just speculating whether a currency pair will rise or fall for a particular period of time. The good thing with binary options is that anyone can trade it from anywhere in the world, at any time.
What are Binary Options?
Binary options , sometimes referred to as options trading simply means a choice between two outcomes.
You choose a currency pair like EURUSD and predict whether it will be above or below its price after some time, mostly minutes.
If the prediction is correct and the direction goes as you predicted, it is referred to as in the money and you get profit which is almost two times your money! If it goes in the opposite direction, it is referred to as out of the money and you just loose what you traded with .
How Does Binary Options Work?
Disclaimer: With every great potential for reward, there is always the potential for risks. That said, you should not invest in money you are not afraid to lose. With proper money management and risk reduction, you will profit in the long run like I do. You just have to follow my instructions.
You place a call option of \$100 on EURUSD with the intention of the price rising. Let’s say the profit percentage is 85% The option lands in the money. You get the profit percentage added to your current balance. \$100 + \$85 = +\$185 The option lands out of the money. You lose that current investment. -\$100.
So this is how it grows…
\$100 * 85% = \$185 (+\$85)
\$185 * 85% = \$342.25 (+\$157.25)
\$342.25 * 85% = \$633.16 (+\$290.91)
\$633.16 *85 = \$1171.35 (+\$538.19)
From : \$100 Grand Total : \$1171.35 ( +\$1071.35 ) with 4 trades.
Isn’t that awesome? I have linked the best broker with the lowest rates below and my ultimate trading strategy that I use to consistently make profits in binary options trading.
Which Broker Should I use for Binary Options Trading and Why?
There are tons of brokers out there all with competitive deals but after a thorough search, I recommend IQOption .
IQOption Broker Platform.
IQOption is an online broker regulated by CySec and located in Europe that deals with numerous categories of trading with 400+assets including forex, binary and digital options, commodities, indices, and cryptocurrencies. They offer the most competitive rates in the market with profit percentages as high as 95%. They have both an online platform (web app that runs on Chrome, Mozilla, Opera, and Safari) and software that runs on Android, iOS and PC.
There is support for a lot of languages and their platform runs 24/7, includes OTC assets. Deposit and withdrawals are fast and responsive. It supports online wallets such as Skrill and Neteller, WebMoney as well as credit and debit cards.
You can also deposit as low as \$10 and trade with as low as \$1 and follow the tutorials on their platform.
How To Consistently Profit in Binary Options.
Can you really make money in binary options? The answer is yes ! But it requires a lot of hard work and elimination of factors such as greed.
Open a demo account with this broker . Test this strategy and once satisfied, switch the accounts and deposit an amount. The minimum is \$10 but I recommend starting with a minimum of \$100 to notice the growth.
You need to first add some indicators that will aid you in spotting the signals. Go to the bottom left corner and press the Indicators button. **Take note of the colors and numbers** Add RSI Indicator and MACD.
2. Set the candle time period to 15 secs.
3. Set the expiration time to 2 minutes.
Set expiration time to 2 minutes.
4. When you see this signal, press HIGHER .
5. When you see this signal, press LOWER .
It’s now time to open a real account and make \$500/day at the comfort of your couch. Happy trading!
DISCLAIMER : Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. All trading strategies are used at your own risk.
Video Proof:
Turning \$500 to \$2000 in 6 minutes.