Have you ever heard of an investment product called “binary options”? Binary options are simple options transactions in which you simply predict whether prices will rise or fall in the future.
Compared to Forex and stock trading, it is easier and more intuitive to trade, and you may be interested in it because of the possibility of making a large sum of money with a small amount of money.
Therefore, this article is designed to answer such questions as whether you are a good candidate for binary options.
Please read this article if you want to check your suitability before starting binary options.
目次
- 1 What are Binary Options?
- 2 Who is Suitable for Binary Options?
- 2.1 Characteristic 1: People who can follow the rules they set for themselves
- 2.2 Characteristic 2: People who can always follow the same routine
- 2.3 Characteristic 3:People who can keep studying
- 2.4 Characteristic 4: People who do not have a mental breakdown
- 2.5 Characteristic 5: People who like binary options
- 3 Who is Not Suitable for Binary Options?
- 4 If you want to start binary options, I recommend bitcastle.
- 5 Summary: Anyone can become a good binary options person with effort.
What are Binary Options?
A binary option is a trading instrument that predicts whether the price of a bond, a hypothetical currency, or an exchange rate will rise or fall from a certain point. The time span between the purchase of the instrument and the decision time varies depending on the trading company and the instrument, and in the case of short instruments, the time between the purchase and the decision can be settled in a few seconds.
Minimum Trading Amount
The minimum transaction amount for binary options varies from trading firm to trading firm. Since there is no margin system as there is with leveraged trading, you can usually start with a smaller amount than with Forex or stocks.
At bitcastle, which offers a crypto currency binary options service, you can start with as little as 1 USDT (about $1).
Advantages of Binary Options
Binary options have the advantage that you can win big even in a market that is not moving. The market world is said to be in the 70% range (price movement with a limited price range), and there are no large price movements.
Therefore, stock trading and FX, which require a price difference to generate profit, offer limited trading opportunities.
On the other hand, binary options are a trading method in which only ups and downs of the price are predicted; if the price moves in the predicted direction even by one yen, a certain amount of profit is generated regardless of the range of the price movement.
With many possible entry scenarios, binary options are a trading instrument that can generate large profits in a short period of time when the opportunity arises.
Losses are limited.
Losses in binary options occur when the price has not moved as expected at the time of the decision. Since the amount of loss is only the amount of the bet at the time of entry, the loss is limited even if the forecast is wrong.
In normal trading, losses will continue to grow unless you cut your losses, but there is no such risk with binary options.
I can’t mechanically cut my losses, and I can’t tolerate fluctuating loss amounts.” Binary options are recommended for those who have these kinds of trading problems.
Who is Suitable for Binary Options?
Then, what are the characteristics of people who are suitable for binary options?
There are the following five characteristics of people who are suitable for binary options.
- People who can follow the rules they set for themselves.
- People who can always follow the same routine.
- People who can keep studying
- People who do not have mental breakdowns
- People who like binary options.
Let’s take a look at the details.
Characteristic 1: People who can follow the rules they set for themselves
In order to win at binary options, you must be able to follow the rules you set for yourself.
It is up to the individual to decide what kind of rules he/she will follow, but anyway, it will be impossible to keep winning if he/she cannot follow the rules once he/she has decided on them.
For example, let’s say you have a rule that you can only enter the market three times a day. If you lost three times in a row, would you be able to quit trading that day?
If you had an experience in the past where you ignored the rule, tried a fourth time, and got it all back, you would probably start trading a fourth time.
It would be fine if you could win, but to win back your losses in one game, you would have to take a considerable amount of risk, such as by increasing your betting stake. If you lose, you will not be able to win it back.
In order to keep winning at binary options, it is important to have the self-control to follow the rules you set for yourself. It may be said that people with a strong will are more suited to binary options.
Characteristic 2: People who can always follow the same routine
In order to win at binary options, which predict market movements, it is important to always follow the same routine. By repeating one standard action, such as the same time, the same timing, and the same amount of money, you can analyze the superiority of your trading method.
Basically, it is difficult to guess the price movements of the market. Therefore, you have to make an effort to increase your win rate as much as possible based on your standard behavior. Those who have an unwavering standard will be able to analyze more effectively and have a higher winning rate.
On the other hand, those who cannot always follow a set routine will not be able to analyze effectively, and it will take time to increase their winning rate.
Those who can always keep up a routine once set may have an aptitude for binary options on their own. Maybe it applies to you! If you think so, please give it a try!
Characteristic 3:People who can keep studying
Binary options is a game against the market. Therefore, you need to study constantly in order to keep winning.
There is a wide range of things to study to win at binary options. Economics, chart analysis, world affairs, self-analysis, and the list goes on and on. If you are not bothered by these studies, or if you like studying, you are the right person for binary options.
Characteristic 4: People who do not have a mental breakdown
People who do not have a mental breakdown are also suitable for binary options. No one can predict the future of the market. No matter how much research and study you do, when you lose, you lose.
At such times, people with a strong mentality who can follow the same routine and follow the rules without getting desperate will always be able to win at binary options.
It is inevitable that you cannot follow the rules that you usually follow if you keep losing. However, you cannot keep winning if you cannot follow the rules every time you lose.
If you are not sure if you are mentally strong or not, think about whether you can maintain self-control and continue to act the same way you always do under any circumstances. If you feel confident that you can do it, you have the aptitude for binary options.
Characteristic 5: People who like binary options
I have introduced various people who are suited for binary options, but I would say that the most suited person is the person who likes binary options.
To win big with binary options, it is important to do activities that few people do. It is not easy to repeat the same routine every day or study constantly in your daily life.
I think the reason why you can do this without any difficulty is because you like binary options. Of course, there are people who are suited to binary options even if they are not interested in binary options. However, if you do not like binary options, it will be difficult to continue.
If you are interested in binary options but are worried because you are not confident that you can win, the important point is to first determine whether you like it or not.
Who is Not Suitable for Binary Options?
Then, on the contrary, what kind of characteristics do people who are not suitable for binary options have?
People who cannot follow the rules they set
As I mentioned earlier, people who cannot follow rules are not suited for binary options.
In the market world where there is no such thing as a 100% winnable game, playing in the dark without following the rules will melt your money in no time.
Even professional traders who belong to a company have such strict trading rules that breaking the trading rules is considered illegal.
If you cannot follow them, it is impossible to keep winning at binary options, so it is wise not to try.
People who prepare investment funds with debts
Investments should be made with surplus funds. And those who have military funds in debt should never do so, as they will not be able to make calm decisions.
People who do not like to study
If you are a person who hates to study, “Stocks and FX seem to be difficult and I don’t like to study, so let’s start with binary options, which are easy to learn. Of course it is possible to win by a fluke without studying, but it is impossible to keep winning.
The market is always moving. Interest rates change, presidents change, wars occur, and these factors can easily change the market trend.
At the very least, you need to study enough to check the world situation and economic news every day. If you cannot do this, you are not suited for binary options.
People who think they can win large sums of money quickly
Binary options offer many entry opportunities, so it may seem that you can win a lot of money quickly, but unfortunately, people who think so are not suited for binary options.
Binary options are a style of investment where you accumulate profits by repeatedly winning and losing. It is not like a venture stock where the value suddenly skyrockets and you can win a lot of money.
People who cannot imagine accumulating wins steadily are not suited to binary options.
Binary options are not recommended for people who want to win big money quickly.
People who think they can make money for fun.
Binary options are not a product that can be won by having fun. It is true that the operation is simple and easy, but it is not an easy win.
As I have just introduced, in order to win with binary options, preparation before trading is important, such as study, making rules, and routines that make it easy to win.
Just because trading is easy, you will lose quickly if you play without preparation.
If you start with such a lure, it is almost impossible to win. If you start with such a lure, you will almost certainly lose, so do not get involved in binary options because you want to make money easily.
If you want to start binary options, I recommend bitcastle.
After reading this far, you may think “I am good at binary options! I want to try it!” If you think so, we recommend bitcastle, which offers binary options on crypto currencies.
Since bitcastle is for crypto currencies, there are no market vacations. Therefore, you can trade anytime 24 hours a day, 365 days a year. It matches many trading styles, such as those who cannot take time on weekdays, those who only trade early in the morning, and those who prefer to sit down and trade on weekends.
In addition, bitcastle’s unique binary option system “Lightning” is a super fast binary option with a minimum decision time of 5 seconds.
This system allows you to take advantage of momentary price movements that bounce off of resistance and support, further expanding the range of your trading methods.
To use this system, all you have to do is open an account and send in your identification documents. There are no troublesome procedures at all. If you want to start binary options, please check it out.
Summary: Anyone can become a good binary options person with effort.
This is the end of the explanation of who is suitable and who is not suitable for binary options. Even those who thought “I wanted to start binary options, but I might stop because I fit the characteristics of people who are not suited for it” are one of those who like binary options enough just to be interested.
Even those who don’t like to study or can’t follow the rules can improve as much as they want with effort.
It is true that binary options are not easy to win, but if you are still interested even a little, why not give it a try? You may find that you have an unexpected talent.