With this in mind, investors will have to calculate the probability of making the correct forecast in the binary options market. Since you start with a 50% to 50% chance of winning, the odds of you achieving this goal are 0.0019%.
However, traders who rely on good trading signals to trade binary options tend to increase their probability of winning from 50% to 70%. That means your chances of winning 14 consecutive trades are about 0.47%. According to the GigaFX review now you will be able to have the smartest options now.
Although this increase in probability is a good thing, it still requires the trader to take a lot of risk. Overall, the likelihood that any traders hit 14 consecutive trades can be set at about 0.5%. This means that there is certainly a possibility for a professional to achieve this, but that possibility is very small.
Can I make a living by trading binary options?
It is possible for a trader to make living trading binary options, but this requires the trader to have a lot of seed money. We have already shown to you that it is theoretically possible for a trader to take a small amount of money and turn it into a large sum, as long as it has an extremely high percentage of hits. He will also have to consistently create negotiations with large volumes if he wants to make significant profits.
- We caution beginning traders about adopting this approach as it can lead to excess trading and losses. It is also possible for traders to obtain a small amount of money and turn it into a large amount by trading a smaller volume, but this would require the trader to adopt extremely risky capital management practices, which makes the value of his transaction almost equal or equal to the amount received in your previous successful trading.