My opinion of Binary Options: can you make money?
So I took the plunge & started trading binary options with a nominal account.
Firstly, what are they? Basically you take a bet on whether the under-lying security (in my case forex currency pairs) will go up or down by a specific expiry time.
I joined a group led by some-one who gives signals which I found on instagram.
Overall after a few weeks on average I made or lost maybe $10 per day. I only risked $2 or $3 per trade, and the return if I won was 70%.
The guy gave like 30 signal per day. Spending around 2 hours per day on it didnt really make it worthwhile.
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