It is true that binary options give very high rewards in a very short period of time but if you are thinking to leave your job to earn more money through this exotic way of trading, you need to consider some factors. Although, binary options trading have been proved an easy to earn money, you may have to face some downfalls as well. It will be your outlook and strength whether you can face such down fall or not is it worth the risk involved?
The key benefit of binary options is that you already know your potential risk and profit because they are prefixed. The one reason that binary options have taken over normal trading is that you are not likely to lose more than the money you have invested. This new concept has made people more confidant about the trading and it has become the reason for many people to quite their job and they have made binary trading their main profession.
Another reason for people to leave their job is the fact that substantial profit involved in options trading. A winning trade offers 60 to 75% more money along with invested money which is quite lucrative and if you lose, you are guaranteed to get back 15% of the invested amount. But very few trading rooms offer this feature.
If you are trading as a day trader, your profit over your investment is fixed if the option expires in the money. Day trading has made binary option so attractive that for this reason also people are ready to take the risk of leaving their jobs. The profit indeed is high and the results come very fast. As soon as you see a new development taking place in financial market, you can place your bet and earn some quick reward. Up to here
When trading binary options as a day trader for example your returns over investment are fixed before the trading expires. It is an exciting option to work with especially if its day trading you are looking at, which is what most people who have quit their jobs are interested in. The returns are definitely high and the turnover on expires are very quick. With every new development that takes place in the market, you can infact capitalize on it and make some quick profits which could be rolled onto future investment in binary options. In intraday trading for binary options, there is nothing like losses incurred. If you have small amounts of investment, you will find that there is nothing called as inactive trading hours. There is action every hour of the trade, where you can take some shots at making a profit. This is an excellent deal, especially if you are new at binary trading. Once you gain confidence, you can move to better options and higher profits, of course, since the profit money keeps coming in, you can be sure of a regular income if you are winning trades.
Since there is almost negligible loss and the profits are high, as well as the security is fairly good, you can be almost be assured that you could gain a regular income from trading if you are able to learn quickly. However as always, you need to make sure that you understand binary trading and its risks and associated taxes before you decide to quit your job.