Article about top ten myths with binary options and how they relate to the field of trading in binary options for regular people.
Top 10 Binary Options Trading Urban Legends
There are a lot of myths about binary options trading. As somebody interested in binary options, you should know what they are, so as to gauge the truth of them.
MYTH: BINARY OPTIONS ARE NOT AS PROFITABLE AS TRADING ON THE MARKET.
This is patently false. In fact, binary options can be far more profitable than trading on the market and invest in regular stocks.
There are many reasons for this, but one big reason 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 RISKIER THAN TRADING ON THE MARKET.
The truth is that binary options are far 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: MAKING MONEY WITH BINARY OPTIONS IS AN URBAN LEGEND.
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: TRADING IN BINARY OPTIONS ISN’T RELIABLE AS AN INVESTMENT TOOL.
This is completely untrue. 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 TRADE BINARY OPTIONS.
This is also untrue. 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, many have other day jobs and 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: BINARY OPTIONS LETS YOU MAKE A SEISMIC FORTUNE OVERNIGHT.
This also is untrue. 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: TRADING IN BINARY OPTIONS IS A WASTE OF MONEY.
This is completely false. 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.
MYTH: ONLY AMATEURS TRADE IN BINARY OPTIONS.
As I stated above, 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: IF YOU TRADE IN BINARY OPTIONS, YOU COULD LOSE EVERYTHING.
Absolutely untrue. In fact, 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 REALLY HAVE TO BE AN EXPERT TO TRADE IN BINARY OPTIONS.
This it not true in any way whatsoever. 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.