Binary Options Success Stories
Success Story #1
What started out as a hobby, worked out to be something that brought lasting changes to my life. As a housewife, I didn’t have a lot to do when I wasn’t keeping the house up, cooking for my family or taking care of the kids. I was looking for something that would give me something to do while maybe making a little extra money for things like Christmas gifts and college funds.
I stumbled across binary options trading when searching for such an activity, and it intrigued me because of its apparent simplicity when compared to other trading options such as the more traditional foreign exchange (Forex) market.
After doing a bit of research and finding some YouTube videos which taught me what I needed to know about binary options trading, I realized that binary options trading was a great option for me because I’m home a lot and have always had the news running in the background to keep up on the happenings in the world. Having the free time I needed to understand world events and the right tools to use that knowledge gave me an edge that has made binary options trading an intensely liberating exercise.
I’ve gained a lot of freedom through binary options trading, including financial freedom, as well as the freedom (and confidence) I needed to enact some very positive changes in my life. My family and I make good use of our additional opportunities and are taking a trip to Asia for vacation this year! That’s something we never would have been able to do before I discovered binary options trading.
Jenny 43, Housewife
Success Story #2
My husband originally introduced me to the concept of binary options trading. He has a propensity for picking up new hobbies and then dropping them if they’re not interesting, or sharing them with me if they catch his fancy.
When he picked up trading, he initially did a lot of reading about trading in general and always had the TV tuned to a financial news report of some kind. He dabbled a bit in many different types of trading, but once he tried binary options, he knew it was how he wanted to trade. Unfortunately, I don’t think he’ll ever be much better than average as a trader. He just doesn’t have the patience; he was constantly chomping at the bit to make a trade.
While he’s made a few good trades, he’s a few bad ones, too. He finally got tired of trading, but his account still had a little money in it, so I asked him if he’s mind if I tried my hand at it. He was doubtful I’d even be able to understand it, but as it wasn’t a lot of money and was already out of the household budget anyway; he told me to give it a whirl.
Well, my husband need not have worried about my being able to comprehend binary options trading! I took to it like a fish in water. In just about six months, I’d grown that little bit of starter money into an account twenty-five times its original size.
When you take into account all the bad trades I made while I was still learning the ropes, it’s really quite an astonishing accomplishment. Even more astonishing is that, after an additional four months, I had parlayed the original sum of less than $150 into more than $15,000. I took that money and remodeled my kitchen and bathroom, but I left a little for seed money in new trades. I know I can repeat my success and have already started trading again.
Amanda 39, Sales Manager
Success Story #3
The job that eventually led to my life-changing experience with binary options trading began simply enough, helping a guy clean out his garage on an October afternoon. We were working to get a bunch of old metal and other stuff out of his garage, and the guy casually mentioned that he had been trading binary options and making quite a bit of extra money with it. As the day went on, we talked about my financial difficulties and lots of other topics. But he kept looking like he was thinking quite intently about something.
When we got done, I asked him what he was going to do with the pile of scrap metal we had gathered. He said he was going to give it to me, with the understanding that the money I got from selling it would go into an account so I could learn binary option trading, and that he was going to teach me. I was a little unsure at first, but as I began learning and making some good trades, I became obsessed with learning everything I could and making a living as a binary options trader. Today, I have a comfortable income from binary options trading.
John 47, Binary Option Trader
You can now join these successful traders by opening a FREE account on one of our recommended brokers:
|Min. Invest||Min. Deposit||Max. Returns|
|All brokers >>|
References and Further Reading:
1. Transformations in risk management of currency exchange in Lithuanian commercial banks (J Nedzvedskas, P Aniūnas – 2007)
2. An information approach to international currencies (RK Lyons, MJ Moore – 2005)
3. 8 Real trading volume and price action in the foreign exchange markets (P Lequeux – 1998)
4. How the Greeks would have hedged correlation risk of foreign exchange options (U Wystup – 2001)
5. Multi-market trading and arbitrage (L Gagnon, GA Karolyi – 2004)
Latest posts by John Miller (see all)
- Interview of Daria Glazko from IQ Option - July 20, 2016
- IQoption Adds New Deposit Feature and Forms New Partnership - July 5, 2016
- How Binary Options Changed My Life and Got Me Out of Debt - June 7, 2016