Can you get rich from trading binary options


Take a look at this Excel document which has been modified from the original by forexoma. I am sure you are blown away by the figures. By the way, the excel spreadsheet is built in such a way that you can play with the numbers as you wish. You can adjust the initial capital, adjust the time frames, the percentage returns you wish to make per month, etc. This is a plan which demands patience and lots of discipline. If the figures are truly outstanding and look achievable, why are many traders not there yet?

The reason is simple. Many traders do not mitigate their risk. They aim for home runs in their trade, looking for that one huge payday.

They look at the glamorous cars they can buy with the huge payout, or the things that money can buy and cannot deny themselves the lure of instant gratification. Slow and steady will always win the race when it comes to trading. The hidden principle to achieving what you see on the spreadsheet is compound interest. Albert Einstein called it the 8 th wonder of the world, and he was right.

Compounding means that a little can be turned into a lot, and the higher the amount you have to compound, the greater the corresponding percentage of increase that amount will bring.

But we can nevertheless walk you through what it would take, and you decide whether it appears possible for you or not. It takes patience, time and a well-structured plan, probably over a number of years, to achieve. Take a look at this Excel document which has been modified from the original by forexoma. I am sure you are blown away by the figures. By the way, the excel spreadsheet is built in such a way that you can play with the numbers as you wish.

You can adjust the initial capital, adjust the time frames, the percentage returns you wish to make per month, etc. This is a plan which demands patience and lots of discipline. If the figures are truly outstanding and look achievable, why are many traders not there yet?

The reason is simple. Many traders do not mitigate their risk. They aim for home runs in their trade, looking for that one huge payday. They look at the glamorous cars they can buy with the huge payout, or the things that money can buy and cannot deny themselves the lure of instant gratification.

Slow and steady will always win the race when it comes to trading. The hidden principle to achieving what you see on the spreadsheet is compound interest.