After experienced traders had as little as 0.5–1 per cent per business day or up to 100 per cent per annum and this was considered a high return, the news that you can earn up to 80 per cent in just 15 minutes or an hour is perceived negatively. Such figures are interpreted as a real scam and fraud.
This is not because you don’t like such profits, but because it puts your past activities, to which you may have dedicated your life, many notches below your earnings and your self-esteem simply sinks. After all, if your goal is to make money, then it turns out that everything you’ve done before loses its meaning. On a subconscious level, your brain fights this and looks for any evidence of cheating.
If you start to understand binary options, what they are, you will realise that 70% profit per trade is true.
You can see for yourself. You won’t find a single review on the internet saying that the asset price matched the terms of the option and the investor didn’t make a profit. 70% profit is a fact and it works.
Binary brokers are a scam
Brokers don’t charge you commissions because they make money on the difference between successful and unsuccessful trades.
Many people wonder: is binary trading legal? Most say it is fake! But binary options are not buying stocks or other assets either! By buying an option, like futures, you are not buying a stock or a commodity, but only the right to make money on a price change, and for that, going to the stock exchange is simply meaningless. And this also does not mean that it is impossible to earn now, on the contrary, you are deprived of numerous exchange commissions and you can profit from the most famous and expensive stocks and other assets with the lowest deposits. You ask: Where does the money come from? How can the broker pay out such sums, because he doesn’t even take commission? Well, it is very simple. I wrote a separate post about how brokers earn, but the point is very simple — two thirds of people don’t do proper analysis and open trades just for the sake of buying (trading for the sake of trading). Of course they lose money and in this case the amount of investment stays with the broker. Thus, the broker receives from two traders 100% of the investment and gives you only 70–80%.