There are a lot of myths in the market about binary options trading. 

If you are interested in binary options trading and trading/making money is your passion, then you should know the truth about it before you start trading.

 

MYTH: BINARY OPTIONS REQUIRES A LOT OF CAPITAL TO PLACE TRADES

❌FALSE.

✅ Infact, you can start trading with just $1. If you invest small, your profit will be small. If you invest big, your profit will be bigger. It's as simple as that.

For eg. If you trade with $1, and you've got a profitable trade, you will earn $1.82

Similarly, If you trade with $100, and you've got a profitable trade, you will earn $182

MYTH: BINARY OPTIONS ARE NOT PROFITABLE

❌ Most people says, trading in Binary options are not as profitable as trading on the stock market which is patently false. 

✅In fact, binary options can be far more profitable than trading on the market and investing in regular stocks.

There are multiple reasons for this, and one of the biggest reasons is that binary options pay out a far greater percentage of profit per transaction than anything the stock market has to offer.

MYTH: BINARY OPTIONS ARE JUST BETTING

❌This is a very incorrect statement.

✅Binary options on a CFTC-regulated exchange are no more like ‘betting’ than other exchange-traded instruments like stocks or futures.

MYTH: BINARY OPTIONS ARE RISKIER

❌Yes, you heard it CORRECT! Trading itself is risky but if you trade wisely, you can prove it WRONG!

✅The truth is that binary options are very less risky than trading in stocks. When you invest in stocks, you have to put in far more money than you do with binary options, and you can only make more capital gains if the stock goes up.

With binary options, you can invest far less and you can choose whether or not you want to predict a decline or increase in the asset price.

MYTH: IT's IMPOSSIBLE TO MAKE MONEY WITH BINARY OPTIONS TRADING

❌If you find making money with binary options as an horrific story,  then this is absolute nonsense.

✅In fact, it wasn’t until the last few years that binary options were even open as a trading platform to the general public.

Before that, it was only available exclusively to high power traders who know their trade like nobody else. Binary options were for the elite at first. Since it has opened to the public, there are many people who have made entire fortunes investing in the same tool that the biggest brokers used to use on Wall Street.

MYTH: BINARY OPTIONS TRADING IS NOT RELIABLE AS AN INVESTMENT TOOL

❌Who say so? I want to meet that person. ䷄

✅This is absolutely incorrect. As an investment tool, binary options gives you some of the best ways to generate additional revenues because of its reliability.

Indeed, with the choices available for you and a flat out risk assessment chart, you will see that binary options represent the biggest payout option as well as the smallest required investment.

What might require thousands of dollars in the market to make would only require a few hundred dollars at most with binary options – and with far better investment choices. In fact, you can’t create profitability with as much freedom on the market as you can with binary options.

You just have to learn your trade and gain experience, just like in any other investment trade.

MYTH: IT IS VERY DIFFICULT TO LEARN HOW TO PLACE TRADES IN BINARY OPTIONS.

❌This is absolutely incorrect. Everything is difficult until it becomes easy. 

✅Tens of thousands of people from all over the world are using binary options successfully to make extra money or even to acquire a nest egg for retirement. Many of these people are not full-time investors.

In fact, more than 70% have other day jobs and they do trade on the side. They are not the highest experts in the trading field, and yet they still manage to make a profit and return on their investments. Many are simply average people looking to make extra money.

MYTH: TRADING INTO BINARY OPTIONS LETS YOU MAKE A LARGE AMOUNT OF MONEY OVERNIGHT.

❌This is also not correct. 

✅ While binary options have very large payouts on investments, there is no magic bullet. It takes time to learn how to predict market movements correctly, and one must learn the ins and out of trading.

Just like investing in the stock market, there are almost no examples of people making millions of dollars overnight. Learn your trade, have a little patience, and the rewards will be there. But don’t expect anything overnight from any kind of investment.

MYTH: INVESTING IN BINARY OPTIONS IS A WASTE OF MONEY.

❌This is not true until you learn and practice.

✅Investing in binary options requires less money than investing on the stock market. With binary options, you aren’t required to spend more than a few dollars per investment, whereas on the stock market, it can take thousands of dollars just to buy a few stocks – with less return over a longer time.

And if you lose it in the stock market, you’ve lost thousands of dollars. If you lose a few dollars in a bad trade in binary options, you aren’t going to lose your house.

MYTH: ONLY AMATEURS TRADE IN BINARY OPTIONS.

❌That's not correct.

✅ The binary options trading platform was first only available to the professionals. It wasn’t even possible to trade in binary options until a few years ago unless you worked for a big brokerage house.

And it was only because binary options did so well as a trading platform that it was opened to the general public. It wasn’t just a platform created by professionals, but also created for professionals. Many traders on the exchange were trading binary options for years before you or I could even try our hand at it.

MYTH: BINARY OPTIONS TRADING IS GOOD ONLY FOR RICH PEOPLE

❌Absolutely incorrect.

✅Existing wealth always plays an important role in creating successful trades but it doesn't mean that a middle class person can't do binary trading.

There are many brokers in the market that allow you to start trading with the deposit of just $10 and with $10, you can place 10 trades of $1 in s single trading day. It's no longer a case of stocks and commodities.

MYTH: YOU COULD LOSE EVERYTHING IN BINARY OPTIONS TRADING

❌Absolutely incorrect.

✅Trading in binary options is far safer than trading on the stock market. Some binary options traders only trade a few dollars at a time and nothing more – they aren’t required to buy stocks priced at hundreds of dollars a share, and they can see their profit margins increase within minutes instead of days or weeks.

There are safety protocols built into the binary options trading platform which make binary options a far safer platform to trade with than any other.

MYTH: YOU HAVE TO BE AN EXPERT TO TRADE IN BINARY OPTIONS.

❌That's not true at all. Once you know the truth, you will find it so easy.

✅Trading in binary options is accomplished by all kinds of people who make profits every day.

They aren’t expert traders. They’re simply people who know a bit about certain topics and follow them closely. If you do that, you also can become one of them.

You don’t have to learn the regulations governing the market exchange or have to worry about legalities involving strict trade policies with certain stock trades.

You just have to learn a bit about what interests you and start investing in that area.

MYTH: BINARY OPTIONS IS A SCAM

❌ Not a true statement!

✅Infact, it is unfair to call binary trading as a scam. 

Any trader has to understand the trading first and then invest their money with any broker available online.

You may consider it a scam because it’s ultimately the trader and the trader alone who is responsible for every decision they make. 

Brokers simply provide a platform through which the trader can access the various trading indicators available. When traders run head-on into heavy losses, they often point the finger of blame at their brokers. All of which results in brokers unfairly being labelled scammers.

MYTH: BINARY OPTIONS ARE ILLEGAL

❌ Not a true statement!

✅Binary options trading in India is wrapped in fog and still, no one can say the final word about its status and future in India. However, by observing the present situation it is very clear that it is not illegal in India and all the Indians can participate freely in Binary Options Trading and transform their lives.

Basically there is no law in India, which prohibits Indian traders to trade on Binary Options.

MYTH: BINARY OPTIONS TRADING PLATFORM OFFER FREE MONEY AS A BONUS

❌ Not a true statement!

✅Any broker that give bonuses are in fact a virtual money that you can use on trading. There is no possibility of withdrawing them to your bank account. But this is just an extra amount on your trading account and when you make profit with them, this is something you can withdraw.

For eg, if you deposit $10 and you get 100% bonus of $10, your live account will show you the balance of $20 ($10 in your live account which you can withdraw and $10 in your live account as a bonus which you can not withdraw)

MYTH: BINARY OPTIONS TRADING IS DANGEROUS AND SHOULD BE AVOIDED STRICTLY

❌ Not true!

✅Binary options trading shares a great many similarities with traditional gambling. 

You need to carefully manage your bankroll, ensure you take decisions based on logic rather than emotions and know when to walk away.

If you’re able to accomplish all this without straying into irresponsible trading, there’s really nothing dangerous about it. However, if you’re the type that quickly loses control and allows emotions to influence decision-making, binary trading probably isn’t for you. See how you get on with a demo account, enter into a few trades using virtual currency and see whether or not you’re cut out for life as a casual trader.