How Much Money do Pro Traders Make Through Binary Options?

Investment ForumCategory: General QuestionsHow Much Money do Pro Traders Make Through Binary Options?
Paul Schmitzer asked 5 years ago
I see videos that show how people are making up to $6000 a day and others who make $10,000 a day or higher.

This is what people can easily find on the internet by searching articles or seeing videos about binary options trading.

But i want to know how much money do professional traders or very advanced traders, managers or bankers etc make.

Because they are busy making money and having their own life better, they cannot write a blog post or open a website that people can easily find and get an idea that how much can be made by a normal person?

Can i become like them?

So is it possible to know how much do they make on average day or month?

1 Answers
Moderator Staff answered 5 years ago
Those videos and websites you see talking about people making thousands a day trading binary options are just trying to get you to use their software, and to trade with their broker.
According to data out of Japan, about 78% of people trading binary options lose money, and 22% make money.
How much money they make depends on their account size, and their luck as a trader.
If you are interested in trading binary options, make sure you are going with a licensed & regulated broker, and do the trading yourself. Anyone offering to manage your account for you, is just trying to take your money.
Read about Managed Accounts here.
Read about the most popular brokers here.