I’m sure you’ve wondered how do brokers make money before. Do they want you to lose and take all the money? With traditional trading it was clearer to me at first where the broker’s money came from – spread. That’s what I thought at least. When actually different providers take their cut differently. Some take a trading fee, some have a spread – the difference between buying and selling price. But when it came to binary options brokers it was a bit difficult for me to understand this at first.
This is where market makers come to play. Essentially binary options brokers doesn’t really care whether a trader wins or loses (that is if they are using a market maker). Watch out though – some brokers actually don’t use market prices and do just manipulate with the results. Always read the terms and conditions. For me knowing this about IQ Option took away some of the fear. If they don’t care whether I win or lose, they will not start doing dodgy business with the trades. And to be honest their market prices and movements correlate pretty closely to a different price provider’s. I use Metatrader 5 with Admiral Markets’ demo account for my tech analysis.
Your question now probably is – but what’s in it for the market maker? What is everyone suddenly starts winning. Unfortunately statistically that is highly unlikely. Most traders don’t have the knowledge or emotional skills to excel at trading. Too many people get into it for a quick cash but then don’t stick to money management rules. Some don’t even have a strategy. Trading is hard and requires a lot of learning and a strong mind. This is why 95% of traders fail.
Affiliate Disclosure: I enjoy being able to bring you content free of charge. In order to keep doing this, please note that, if you decide to start trading with this broker after registering through one of my links, I will receive referral commission. I have not been paid to write this review and I only ever recommend products that I use and love myself. Thank you 🙂
Three years ago i found myself thinking about the same thing – How to make money online?
We had just relocated from the UK to Estonia, bought our first home and had started renovating it. We had very little funds and no stable income. Our little sunshine Isabella was still a baby so full time jobs for both me and my partner were not really an option and only one income was not enough to make ends meet. I started googling ways to make an income from home.
I found many things – I decided to have a go at affiliate marketing first. I started reading and learning about marketing. The key was to find a niche. And it needed to be something that I was interested in. I thought about so many different things – home decoration design (seemed like a great idea at the time as we were renovating our home with our bare hands and were on a tight budget). Also retro toys and gadgets came to mind, later on I had ideas about a techy blog. So many different ideas, yet I was not an expert in any of these topics. So what would be the way to earn a lucrative income for my family. How could I do this all from my home office. How to make money online?
The Wolf of Town Square
A few months later I accidentally stumbled upon trading. A field that had interested me for a long time. I had taken part of a local stock market game Börsihai in the past. This is a demo trading excercise buying and selling stock options in Estonia. The top prize was a travel gift card worth a couple of thousand euros. I really had fun at it, made a small profit but didn’t really get close to the top 50.
I used to trade currencies when I was in my late teens and working in a restaurant. As the restaurant was in the centre of Tallinn we had a lot of tourists and would accept payments in different currencies. This probably started my fascination of trading – keeping hold of different currencies and waiting for better prices to make a profit. I would negotiate the price I would accept the currency for and would exchange that for my daily generated tips. If the price was good I would exchange it to Estonian crowns. The workers of the area would get a better rate at the exchanges as they needed cash to sell on. Of course I didn’t make a huge profit out of it but it was still fun.
After reading some articles on trading online I decided to have a go at it. I watched all the youtube videos I could find, read all the articles and e-books I could get my hands on and was ready to become the next Warren Buffet. I was trying to choose between traditional forex trading and binary options and decided to try the latter. Reasons being – with forex you need a larger starting capital. Of course you could also use leverage but this way if something goes south it can easily wipe out your whole account. Binary options is of course risky, just as any trading but at least I couldn’t wipe my whole account in one trade. At least that was what I thought. I was ging to see if i can make money online and never have to go and work for someone else again.
I thought this was it – my big break. I was gonna make a lot of money and we would sail off to the sunset. The start was incredibly awesome. I made nearly 5000€ in just a week. Life seemed great. Until just as quickly as I made an insane amount of profit I lost all of it again. I was in shock. I had two options – to decide that maybe trading wasn’t for me, try and cope with my losses and move on or try and understand what had gone wrong and master this skill. I decided the latter.
Can You Make Money Trading Online?
This is what I wanted to find out. Was this real or was this all just a scam. The banks were doing it, why can’t we? The banks were literally gambling with everyone’s money and pocketing huge profits. Is it real? Can I make money online trading? I went back to reading, watching videos and learning. I started to read a lot about trading psychology – this is where I and so many other traders had failed. Just the simple understanding how our mind works when it comes to money was where I was lacking. And I still remember it – some sort of blind panic happened when I was faced with a loss, making me risk more. Loss aversion. I wrote an article a while back on trading psychology, have a read, helped me out a lot.
After learning and practicing on a demo for months I started to master it. I made back my initial losses and started earning a regular income. Here are some tips that I learnt in the process.The key was to practice a lot, understand the psychology behind it and keep to strict money management rules. Reinvesting profits and regularly taking advantage of the brokers’ bonuses. I tried many strategies and brokers but what worked for me was this 15 minute strategy. I also tried many different brokers. Some decent, some awful and some just outright scams. I found my favourite – IQ Option and have stuck with that ever since.
How to Make Money Online with Affiliate Marketing?
On top of trading I am making a nice passive income on affiliate referrals. After I made my initial losses and realised where I went wrong I wanted to share this info with other novice traders. I too had learnt from others’ experience and largely through watching videos and reading articles so I decided to pay it forward. Weirdly just as I had started writing the first few of my articles and was working on videos my account manager from 24option asked me is there was anyone I knew that might want to start trading. He explained that I could make commision on every trader that started trading on their platform. The stars aligned and I started to look for other brokers and financial products to review.
I tried many different ones, sadly not a lot worked out or paid off. Some were also scammy and didn’t give me my commissions at all. The best broker and affiliate program to work with is by far IQ Option. They are fair and take care of their affiliates. Also it is based on the revenue share model so instead of the standard cost per acquisition commission that most brokers give, this can actually make you a long term income.
They key in promoting anything is to believe in it yourself. There is no point in promoting a bad product. It simply won’t sell. The key to success with affiliate marketing is to provide people with genuine content that offers them some value. Don’t try to lie and scam people with made up stuff just to sell them something. They will see right through it. Keep providing quality content and writing about stuff that you believe in. Keep promoting quality stuff – then your hard work will pay off and you can sleep at night with ease. People will follow.
If you want to make money online promoting financial products, here are some of the things I recommend:
IQ Option – A great platform, no annoying sales team that keep pestering you, best payouts. Innovative design and sufficient support team. On the affiliate side – payments are always on time. No funny business. You always get your commission on traders referred. In my opinion the best one there is as the product basically sells itself. Really a great product to promote. This will easily help you make money online.
Binary Options Trading Signals – Franco’s trading room. Awesome service and signals. I learnt a lot and made nice profits. The main key of the service is trading in a group. This makes it really great – you feel more responsible making the right choices and if having a bad day other traders will gladly help point out how to do better and teach their strategies. Affiliate wise – you get a recurring commission every 2 weeks as long the trader is taking part of the trading room. Because it genuinely is a great service, people tend to stay for quite some time. I have some traders that have been trading there for over 2 years now. They are happy and I keep getting commission.
Simple FX – this is a cool platform, not binary options but traditional trading. It offers a wide range of cryptocurrencies though. You can link it to Metatrader and trade directly using your software. You can trade forex, cryptos, stocks and many more on their platform. There’s also a chat option to communicate to other traders – this I really like. Trading in a group, just like in Franco’s room gives better results. Regarding their affiliate program – also pretty good. You can get commission from people that your traders have referred too. The platform is developing rather nicely so there’s huge potential there.
24option – Not my favourite any more due to their aggressive sales tactics but a lot of binary traders still swear by them. They are one of the biggest still and do promote themselves quite a lot. They also offer a wide range of trading instruments on their platform. Affiliate wise – I sometimes question whether it’s all legit, because there seem to sometimes be issues with payouts. I have made some nice commissions with them though.
My simple, but effective trading setup.
So yeah, you don’t need to have a 9-5 job to make a nice income. Don’t get me wrong – both trading online and affiliate marketing are hard work. This is by no means a get rich scheme. Both of them require your time and effort much like a job would. But in the end you are your own boss. On the flipside there is of course a higher risk.This has definitely changed my life and I urge anyone who wants to take charge of their own finances to try something new. It doesn’t have to be affiliate marketing or trading. There are so many different options and possible business opportunities out there. You can definitely be your own boss and make money online. I took a risk and decided to work from home and it has definitely paid off. So the answer I suppose is – yes, you can make money online!
I would also like to share a story of a young man who contacted me over a year ago. He just got into trading and wanted some advice. I gave him some coaching and tips and off he went. A few months ago he contacted me again telling me how he had mastered trading binary options and is now coaching others. I am so proud. He’s written a little summary of his success and you can have a look at his website as well for more trading tips.
I am Shamim Hasan, founder of The Binary Logic. I am an online professional since 2012. I used to develop WordPress CMS based website. I started trading for my curiosity and found Estonian Trader in youtube at the beginning of my journey. It was really interesting to learn from Liina. Possibly she was the first lady who is teaching binary options trading in youtube. She seems a genuine person, I mean not a fake artist. I was following her since 6 months and I was so grateful to find her.
Then I started practicing and learning to trade. After few months, I was so confident to start trading. Yeap, it was not huge but was profitable. Then I decided to make a website for the complete beginners to give them some information about Binary Options trading. Because there are only a few resources what provide genuine information. I created a website named The Binary Logic. Which is www.thebinarylogic.com where I have a free course for the beginners to get some important information in a place for free.
I am now an affiliate of IQoption broker which seems the best broker in the world for the traders and also for the affiliates too. I liked their platform and decided promoting IQoption on my website. Gradually, It is really bringing me a passive income per month without doing so many things. I am so grateful to find out this website with the help of Liina Laas from Estonian Trader. Now I am leading a happy life with trading and affiliate marketing.
I have a Facebook group for the traders too. Where I have posted my indicators and everything they needed to trade in binary options. Though currently, I am still using a martingale strategy, but as I promised, I am gonna introduce a very powerful non-martingale strategy very soon. You are welcome to visit my website.
In the last line, I would like to thank Liina for making me so hopeful about trading and affiliate marketing. My dream is coming true. Possibly, I can be a multi-millionaire, but I will never forget the first memory of learning from Estonian Trader Youtube Channel by Liina.
The last line for every trader is, don’t use any BS auto software and always try to trade with logic.
The Binary Logic
I would love to hear about your experience with trading or affiliate marketing! Let me know in the comments. If you have any questions about trading or affiliate marketing, don’t be shy to get in touch. Either leave me a comment or message me through the contact page.
I am back on the subject of automated trading. I’ve tried many in the past but been mainly disappointed. Mostly because there are so many scams about. You’ve probably seen many of these. The funniest I found was by an Austrian “master trader”. The site asked you to join a webinar – this was obviously pre recorded and had fake attendees. Every webinar was the same and featured the same fake traders on “live chat” claiming that the master trader had saved their lives. What a load of bs. They could’ve at least tried a bit better on the execution of the fake webinars. But this is not at all what I want to get into today.
Although I have been sceptical on automated trading in the past, I must admit that technology and services have come a long way. I tried to set up my own signals in the past and tried to automate my trading but not with very much success, mainly due to the lack of programming skills. So, to get to the point. I’m trying out a new app – Binary Options Automation.
Binary Options Automation – How Does it Work?
This is an auto trading robot – a software that trades for the users on their broker account.
The app itself doesn’t handle the deposits or withdrawals – these need to be done though the broker. Thankfully there’s more than one to choose from, I’ve found that this annoyed me when looking at other apps. A lot of them only give you one broker so in the case of me not liking this broker I have actually decided not to use the app. Some of Binary Options Automation approved brokers are – Finpari, Magnum Options, BinaryTilt, Empire Option, 365 Binaryoption.com, Banc de Binary and many more. US traders also accepted. Minimum deposits are around $200-$250.
The robot promises a 86% win rate on Low/Medium risk signals, and around 60-70% on Moderate/High risk signals.
You can set up what strategy you want to use – whether feeling lucky and using the moderate to high risk signals or keeping it on the low and medium risk settings. If you’ve read my previous stuff you probably already know that I would recommend you to use the more conservative strategy.
Then the next step is to set your trade amounts. This varies between different brokers, the lowest amount is $5 per trade. I recommend starting with that and increasing the trades once you’re seeing solid returns.
On top of this you can also choose the assets you want the robot to trade with. By all means you can select all of them if you like but in my opinion the best ones are with high trading volumes so your most popular ones – let’s say EUR/USD etc are always gonna be a safe bet.
What is the difference between High Risk and Low Risk strategies?
High risk seems to have a lower success rate but also provides you with more signals for trades. The lower risk strategy has a higher success rate but produces less signals so in total your robot will be trading less. I’d always go for less is more. Regarding these signals – you can choose from different signal providers. Each signal provider trades its own strategy and you can select the trader you like to follow.
To mitigate the risk even more you can set your stop loss limits, daily trade limits and trade amount limits. I do recommend setting it all up reasonably and keeping to strict money management rules. Yes it’s a robot and it doesn’t have an emotional connection to if in case many trades go south but even with a robot it is a good idea to set your limits accordingly to your trading account balance. Read more about money management in my post.
I’ve been testing it for about a week now and am getting quite solid results. I invested the minimum of $200 and have set my trades to be at $5 each. I’ve set a daily loss limit at $25 and of course taken the more sensible and low risk strategy. So far I am in the black and have made a profit of $72.36. If this nice upwards streak keeps continuing I might even think of raising my trade amounts. So far so good. In all, good marks from me. User friendly and works great. You can go and get more info on their site.
I get many queries about Franco’s trading signals service – a trading room I always highly recommend as I really enjoyed being part of it and of course mainly because I made some nice profits reviewing his system. I have now got access again to see what is going on in the room. I took part and made videos on his trading signals service last year. You can view them here.
Regrettably I only have very limited time to take part in Franco’s trading room as I need to pick little one up from kindergarten but I have managed to have a look around and trade a bit.
As I previously mentioned I found it really helpful being able to chat with other traders and learn from them. Franco’s now put together a tutorial of strategies from the most successful traders in the room so you can copy their strategies and become just as successful. I found this really useful. You can see tutorial videos and strategies here.
Also now they have added more charts with different timescales. You can do short term trades – 30 seconds to 2 minutes, 5 minutes, 15 minutes and 1 hour.
Resourceful traders are also implementing his trading signals strategies for trading ForEx very successfully. I am really impressed.
What confirms my belief in his trading signals service is that the guys who were doing really well when I last took part last year are still there.
I went back to have another look at Franco’s trading signals a few weeks back. It took me the first 3 days to start understanding things again. I was quietly observing and asking some questions if something was unclear. The system itself is pretty easy once you get past the “oh my god what are all these arrows and charts about??” I started practicing on a demo account the following week.
My win to loss rates were:
Day 1 of demo: 3-1
Day 2 of demo 5-2
Day 3 of demo 4-0
Day 4 of demo 3-0
Day 5 of demo 5-1
As I was doing trades worth $100 my profit at the end of day 5 was $1100.
The next week I tried it on the real account:
Day 1: 2-1
Day 2: 3-0
Day 3: 1-2
Day 4: 3-0
Day 5: 5-1
Also with trades worth $100 my profit at the end of week 2 was $650.I am really impressed with these results.
The main question I get asked about Franco’s trading signals is of course – Is it worth it? Considering that the price of 2 weeks is $98 and my current profit at the end of week 3 was $650 – the profit after cost is $503. So the answer is simply, yes. Also as I only have a bit under an hour every day to trade and I only traded with real money for 1 week the results are quite astounding. I still also really enjoy the atmosphere of the room. It is great to chat with other traders and learn new tips and things on trading. Also just casually chatting and being part of a community is weirdly rewarding.
If you were thinking of joining Franco’s trading signals I hope this article helps. You can get more info and access here.
Please let me know about your experience with Franco or if you have any questions in the comments.
Hi my dear traders! I have started doing some private trading sessions via Skype. I have promised to do a trading room service but regrettably I have still not managed to get this project going properly but as I still get a lot of queries about it I have decided I can do some private tuition that can possibly gradually grow into the trading room service.
In the sessions I go through my experience in trading and what is in my opinion the most important – trading psychology. I also teach you money management skills and of course I will explain and practice the 15 minute strategy with you. We can also look at trading patterns, support and resistance and other useful tips.
If you feel you would benefit from trading with me feel free to get in touch! I do 3-4 sessions per week on average and have had lovely feedback from my wonderful traders. There’s some availability still left.
If you want to book a session email me at – firstname.lastname@example.org
Hi to all of you awesome traders out there! First of all – sorry for not posting for a long time I have been keeping myself busy with other projects and just haven’t found the time. Also that you for all of your messages and emails, keep them coming – if you need some advice I am happy to help.
Now about this Penny Stock thing. I’m sure you’ve all seen The Wolf of Wall Street, his business success in the film started with selling penny stocks – now yes in the film it wasn’t so much about trading but getting the sales but nevertheless it is still a real thing that you can trade on. I came across this site – Penny Stock Prophet and thought why not give it a go. You can get some free start up advice when you subscribe to the mailing list. The membership itself costs $47 for lifetime access + there’s a money back option so if you don’t like it in 60 days you can get a full refund.
I will be trying The Penny Stock Prophet out and hopefully I will manage to do some videos as well. Updates coming soon!
I’m just keeping an eye on a suggested stock pick – KonaRed Corporation.
KRED is a manufacturer of Antioxidant Juices and nutritional supplements from the unique and exclusive Hawaiian CoffeeBerry® Brand coffee fruit from Kona, Hawaii.
The incredibly popular Kona coffee bean is already recognized globally as one of the best premium coffee products in the world and, the KonaRed® wellness products come from the coffee fruit that surrounds the coffee bean or KonaRed’s Hawaiian CoffeeBerry® which consists of only the ripe red fruit.
Already seeing incredible sales growth, KRED announced just this past April its 2014 year-end results, reporting over $1M in revenues for an 80-percent increase over its previous year.
Currently the stock is valued at 0.1550 – (21st of July at 1pm).
Let’s see how this goes!
Let me know if you’ve been trading with penny stocks, I’d love to hear about your experience.