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I traded SPX last year and g. Stories of people who got rich with binary options are generally intended to mislead, and stories of those who got rich overnight are of little help to new traders People Who Became Rich From Binary Option Trading. When Robert Mfune, from Southampton turned 16, he.
But before I give the reason to the answer I must say that all of you that keep saying with confidence that binary options is a scam are losers in this type of investment, just because you don't find it profitable doesn't mean i. With that sort of potential, of course it is possible for people to get rich In fact, Binary Options Brokers deployed the very best internet marketing strategies to quickly saturate potential investors and traders with messages of how common folks are becoming millionaires within extremely short periods of time and even making millions within weeks or months through Binary Options Trading and that has indeed captured alot of attention The answer is yes.
Unfortunately trading options is extremely people who became rich from binary option trading risky. The main problem is liquidity - there are very few contracts out there where you can exit when a trade goes against you. I have read about the stories of many people, who lose a lot of money, because they got scammed by fake brokers, signal services and trading software.
The question of whether a trader can become a millionaire by trading binary options is one of the controversial questions that dominate marketplace discussions on online forums and review sites. Many books will tell you that there are a lot of scams involved in binary options trading.