A couple of days ago I was interested in the topic of investments in the binary options market, it is something very broad to understand and I explained everything in detail in this post.
An option for beginners Is it easy to trade binary options?
Yesterday August 30, 2023 I decided to start my practice using #Broker Quotex, a broker that was recommended to me for the moment, although it is not the safest in the market, I decided to enter, since it is working properly for a little more than 3 years.
But something that I found at the time of entering was that I had to do a verification (KYC), this is something that many do not like, because to do this type of verification they ask you for some personal information such as ID, full name and even in some cases address where you live or at least your country of residence.
I was just talking a few minutes ago with my colleague @ijatz about this KYC issue, and @ijatz commented that this is one of the benefits of the #Hive network, because the anonymity of many people is maintained, since here they do not ask for any type of verification with KYC or anything like that.
But I write this short post to tell you a little about my short experience trading directly and real with the #Binary Options Broker, the minimum deposit for the Broker I'm using is only 10$ so it was easy for me to enter it, as you know I do not have much money for this type of investments, plus I do not want to risk money that I am not willing to lose.
Here I leave a screenshot of some payment methods that accepts the Broker to deposit funds and start trading in it.
With the theme of the pairs that I am currently operating I have been varying a little, as some give better profitability than others, plus it is important to mention that I am operating in an expiration time of only 5 minutes in each open operation.
This gives me a better profitability and also gives me the option to apply a Martingale strategy in case of losing a trade by doubling the initial value to recover in the nearest candle premium.
Some of the pairs I am currently trading are:
- EUR/USD
- GBP/JPY
- CAD/CHF
- AUD/CHF
- USD/CHF
- NZD/CHF
- EUR/CHF
And just as I am writing I am looking for some good entries to open new trades, so I will tell you how much I ended the night with.
The truth is that it becomes a little easy once you understand the market and the possible predictions.
Each one of the open trades that I leave I do with only 1$, although it is little I do it, since at the moment my capital here is low, and each one of these operations leaves me between 80% and 87% of profits on the initial investment that I make at the moment of placing the operation.
That is to say that if I open a trade with 1$ and this will give me 87%, at the time of winning this operation I will have 0.87$ as an extra profit, I know it is little, but doing it repeatedly, whenever possible, gives a very good cumulative total.
Here I leave a capture of the moment in which an open operation is made, there you can see that before finishing the operation they make a countdown that indicates the right moment in which the operation will close, and after the counter reaches 0 we will be obtaining our earnings in an operation of only 5 minutes of expiration.
I have a little less than 38 hours operating, taking into account that each Binary operation I do in my free time and whenever the electricity service lets me, because here in Venezuela the electricity service is failing a lot and that hurts me when using the #Broker.
But at this moment in which I am writing this final paragraph, I have a total of $19.68, which means that with the initial deposit I have managed to make an extra $9.68 with some operations.
Maybe it is not a big amount for many, but for me it is, and this little profit is due to how little I am using in each one of my operations, since each one I make with only 1$.
But in about 48 hours more, I plan to have a total balance of 30$, this will allow me to increase to 2$ for each binary operation opened in the market.
I leave this final capture here and I say goodbye to all of you, I said that this post would be short and look that I already extended a little in the explanation hahaha, but I am very passionate about this topic.
If you have any recommendation it would be great to read your comment, I wish a happy day to all of you.
