Is Options Trading Profitable?

You may have asked yourself if Options Trading is Profitable. The answer is a sound “yes.” But in order to have profitable trades, you need to know some things first.

 

Perhaps you have asked other traders on various forums the same questions,  or perhaps you have read reviews online. You get many opinions about it, but you are still not sure if this is something you want to get into.  You may be more confused than before you checked this out.

 

I’m a Senior and have been trading Binary Options for nearly two years. It was a rough start since I did not know enough about all this. I joined an overseas broker and quickly lost half of my account balance. It was then I started to really research this way of trading online.

 

Here are some suggestions for you. They are free to you, but they cost me:( so I hope that you will be able to learn from my experiences.

 

First: Stay away from overseas brokers. Many of them are scam brokers. They will offer you a bonus, but if you take the bonus you will end up having to make at least 15 times the money before you can withdraw any funds! You may as well throw your money away. Don’t do it! Read the reviews, you will save yourself a lot of money and time.

 

Secondly: There are lots of signal services. A signal service will provide you with a certain asset, such as the Eur/Us for an example. You will get the direction of the asset and the strike price as well as the expiry time.

The signals are normally sent via text and email.

 

There are free signal services, but they are not really free! You must sign up with one of their “approved” brokers, which will be an overseas broker. The one who is offering the service will then get a commission if you sign up.

 

Then there are many paid signal services. I have signed up with at least 12 of these paid services only to cancel them because they do not work out! One such service sends you signals at various times during the night, and there is no way of knowing what time you will get these signals. Another one deducted money from my credit card even after I canceled their “service” and I had to dispute it with my credit card company. Even though I got my money back, it was a headache!

 

If you have done any research yourself, I’m sure you know what I’m talking about. So then, is Options Trading profitable, you ask.

 

Yes, it is. Here is the way to do this and profit from your trades:

Open a demo account with nadex.com which is a US-based regulated exchange. Nadex is not a broker, it is an exchange where traders meet to trade. You can open a live account with as little as $100.00. On nadex.com you can trade:

 

*Indices

*Commodities

*Foreign Exchange (Forex)

*Bitcoin

 

You can find all the  information about them you need here: nadex.com

or watch this short video:

 

 

 

In order to have profitable trades, you do need some charts. You can use the charts on nadex.com or download the MT4 platform and open a demo account there. It is very easy to create charts there.

 

Once you have your account, you will need either an experienced trader to guide you, or if you don’t have much time, you can sign up with a signal service that has a high win percentage rate.

 

After reading reviews about many such services, I found updown signals. The signals are 3 hours forecast of the price direction “Up (Buy)” or “Down (Sell)” of several selected assets. You will get signals, daily, 1-2 hours after the beginning of the US trading-day. The signals forecast are valid up to 3 hours. This is the service I finally joined and did not have to cancel as it works!

 I encourage you to check them out here:

Updownsignals.com

 

You will find all the information that you need on their website. They have an excellent customer service where you can ask questions and get a speedy reply. I am very satisfied with their service and recommend them highly.

I tried them out first for a week and kept a journal on my trades. Out of 5 signals per day, the win rate was normally 3 out of 5 in the money. With nadex, even the losing trades don’t have to be a total loss, as you can exit the trades when you see them going against you. Updown signals give you several options to pay for their services. The three-month option really is the best one and most reasonable one also. It is the one I took, and I can highly recommend them:

 

Click Here to get started today!

 

 

If you have more questions whether options trading is profitable, feel free to send me an email. I will get back to you. If I can do this, being a grandmother, you can do this for sure!:) I’ll be glad to give you some hints how I have profitable trades.

 

 

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