How Binary Options can make you a millionaire in a couple of years
That is correct, correctly traded, with enough research and patience, binary trading can turn a tiny investment into millions.
Again, they are not a lottery, but a legit way of trading, and therefore one needs to be patient with their investments to let them compound over a few years of active trading to see them turn into a massive amount of money.
Most traders fail because of a lack of hard work and patience, while the ones who don't give up end up becoming super rich!
It is very true that binary trading can turn a small amount of investment into a massive amount is very true.
For example, one starts with an amount of 500$ (approx. rupees 34000).
Getting a return of 15-20% per month is quite the average for a successful and persistant trader.
Given this return, your investment will increase by a factor of atleast 1.15 every month.
Therefore 500$ would become 575$ after a month.
In an year of persistant returns, it would make:
=2675.12$ in an year, which is equal to 5.35 times the investment!
2nd year it would return :
3rd year would return:
4th year would return:
This is enough to prove the point as in four years, an investment of 500$ (RS34000) turns into 409,642$ (RS 2.7 CRORES)
However, an additional year is calculated
5th year would return:
Which is roughly equal to 14.4 CRORES.
Now you will understand the power of compounding!
So why aren't all traders earning. Simple, most lack the patience, the hard work and research, and the will & ambition, to make it big in life.
Luckly we are the few who do have these qualitites!
The best way is to get started and get practice: