People often ask me about how much they can make if they deposit $10, $30, $50, $100 or what should I invest to make a good amount of money from Binary Options.
To be honest with Binary Market, it depends on how much money you invest!
You can always make around 80-82% if you WIN the trade!
So,
If you invest $1 in a trade, you can earn $1.2
If you invest $10 in a trade, you can earn $8.2
If you invest $100 in a trade, you can earn $82
So basically it depends on how much you are capable to invest in a single trade and how many trades you can place in a single day.
Let's get an idea in detail:
Like, I already said, it depends on your trading volume. Here I am taking an example and try to explain thoroughly.
A Trader, Raj starts his day as follows and decide to place 10 trades on 1st January 2021. Check out below his trades on that day:
Raj deposit, $100, he now have a balance of $100 in his live account. Raj will place each trades with the amount of $100 which is total amount he have in his live account.
1. $100. WIN - $180
1st Trade he place with the investment of $100 which he Win and the Balances becomes $180
2. $100. WIN - $260
Raj now place a 2nd trade, again with the investment of $100. Again Win. Now the Balance is $260
3. $100. WIN - $340
He place a 3rd trade. Trade amount is $100. Another Win. Balance now is $340
4. $100. LOSS - $240
He place a 4th trade: Trade amount here is $100. Now LOSS. The Balance go down to $240
5. $100. LOSS - $140
He place a 5th trade. Investment is $100. Again Loss. The Live Balance now down to $140
6. $100. WIN - $220
He place the 6th trade. Amount is $100. Now Win. The Balance is $220
7. $100. WIN - $300
He place the 7th trade. Amount is $100. Win. The Balance now is $300
8. $100. WIN - $380
He place the 8th trade with the amount of $100. Here a Win. The Balance now is $380
9. $100. LOSS - $280
He place the 9th trade. Amount is $100. Now he got a loss. The Balance is $280
10. $100. WIN - $360
He place the 10th and the last trade here. Amount $100 with the Win. The Balance now is $360.
Total 7 WIN and 3 LOSS
Here, the total profit of the day for Raj is $260.
So, with the example above, if 70% of your trades are positive, you can make similar income as Raj makes here.
Same is the case with the amount of $1000 and so.
You have to consider the losses as well.
In a case if you win 5 trades and lose 5 trades, you will still be in loss with a very small percentage.
Here, you always need to manage your money. If you keep trading, you will keep winning and keep losing. Total WIN and Total Loss is ONLY possible with few trades.
Always remember to have balance so you can start another day with the fresh trades. Not all days are same. So if you are losing some day, STOP and save money for next day trading.
Their is a possibility that you can make millions in a year.
Their is also a possibility that you lose the entire amount in a day/week/month and Stop Trading.
Always remember, to be a successful trader, you need to keep trading with the money management and emotion control.
Read, How to control your emotions while trading
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