Hello and welcome to the 57th edition of the binarytoday.com income report. I pinch myself every single time I write one of these reports because it makes me realize how far we’ve all come. When this blog was first started, the binary options market was booming. Then, there was a downturn with regulations and marketers running away. Now, we are one of the last blogs left still doing what we do, and we are very happy about that. I hope you are too.
The purpose of the monthly income report is to provide the community with transparency, so they understand what strategies and systems are currently working effectively. I put a large emphasis on software and signal providers that provide reliable trade opportunities on a daily basis.
At this point in my trading routine, I do my best to avoid any manual trading or chart analysis. I find the best way to achieve this is through signal systems, and I feel that this is the way of the future.
I have made many changes to the website, and I will be discussing these as well.
July 2019 Income Report
July was a great month. I spent the majority of my time away from the computer as I tend to do in the summer, as that’s when I prefer to be outside living life. Most of my trading happens poolside on my laptop, which is a great way to trade. Every so often, a signal pops up, and I place the trade. If I’m in the pool, I miss the trade, no big deal really.
TOTAL: $10,331.75
Report Breakdown
July was a very similar month to June, as I saw another small step back, but nothing that’s concerning. In June I earned around $400 more, but again it’s not a problem. The main drop in income is only due to a decrease in time and effort.
At this point in my life I want to spend as much time as I can enjoying the summer weather. Here in Canada, we really only get 2-3 months of good weather, and I’m not going to miss out on it just because I want to make more money.
So, I traded less.
When October rolls around I will ramp up my trading activity, but until then I will rely heavily on Binary Strategy & Binary Today 5 to provide me with effective signals while I’m on the go.
Articles in July
Not only have I traded less in July, I’ve dedicated more time to the Binary Today blog. I’ve been putting together much more content than past months, and I feel this trend is only going to continue. Here are the most recent articles I’ve contributed:
- FINMAX Review
- Binomo Review
- Expert Option Review
- MT2 Trading Review
- ProofOption Review
- Profits Bots Review
This is twice as many articles as we put out last month, which is a great sign of things to come.
It’s also worth noting that we’ve updated our broker ratings, and added some binary options brokers that are performing well for us and our readers.
Automation
There is a lot of discussion about automation lately, as you can see which likely has something to do with our MT2 Trading Review. Traders are more and more interested in passive income, which can be achieved by automating binary options strategies.
While this is one approach, we prefer Forex when it comes to automation. It’s more straight forward, and comes with verified results, as well as hundreds of reputable brokers.
To trade Forex, we rely on two programs:
This is the best way to create passive income. I don’t feel automation in binary options is anywhere near the level of Forex at this time.
Conclusion
Thank you for reading this edition of the Income Report. I hope that it helped guide you in the right direction, and offered you some information that made you think.
If there is ever anything you would like to add, please comment or email me.
Thanks for reading!
Hi John,
I notice on the Forex Fury installation video that, you have your chart in MT4 on demo.
I have installed Forex Fury onto my GBPUDS M15 Chart in MT4 FXOpen – Live Server not
FXOpen – Demo.
Should I have a Live Server as in FXOpen – Live Server for my Live trading account?
I am still waiting on my first trade from Forex Fury to occur.
Best regards,
Robert
Hi Robert, I recommend always starting on demo first.
Hi John,
I contacted FINMAX about opening an account with them and they told me that, they couldn’t because of the legislation in Canada.
Is there a Binary Options Broker that, you use that, will accept traders from Canada ?
Since I am in Canada, I place my trades with Forex brokers, works great.
Hi John,
I checked with my Broker/FXOpen and they told me that, they use a Market Floating Spread on their Currency pairs.
How will this affect the working of the Forex Fury in MT4 and trading in my trading account?
I haven’t seen any trade activity with my Forex Fury.
Best regards,
Robert
Hi Robert, that won’t cause any issues. Most brokers do this. Fury works with all brokers.
Hi John,
My Forex Fury isn’t making any trades, I went to the Members area to review the installation video and all is properly installed.
I changed the settings from 7 to 1 on the Max Order on Forex Fury, as recommended on the members area.
I looked further into my trading account at FXOpen and it indicates that the leverage is set to 1:1.
Forex Fury members area suggest changing the Max Spread to 100 if, there is a problem of Forex Fury not making any trades.
I made the change on the Forex Fury to the recommended setting of Max Spread 100, but I’m still not getting any trades!
Should I change this setting and what do you recommend, I change it to?
Would changing the leverage setting to 5:1 ratio on my broker trading account mean it will now show pairs trading with a Max spread of 5?
I would really appreciate if, you could get back to me on this matter.
Best regards,
Robert
Likely just need to wait longer.. I recommend reading the “about us page” on the Fury website. Or even open more accounts, but don’t be impatient.
Hi John,
I am thinking of moving over to FINMAX .
What are your thoughts on FINMAX compare to BINARY CENT?
I have BINARY CENT but, now they are telling me to use Changelly to fund my account and I’m not too confident with them changes things.
I did manage to get my FXOpen account funded using Shrill.
Best regards,
Robert
Hi John,
Are you using Binary Cent as a broker for Binary Option trading and are you using Changelly to fund your trading account?
Hi Robert, no, the brokers I have relationships with can be found here https://binarytoday.com/best-binary-options-brokers/
Hi John,
I have Forex Fury installed and running in MT4.
I have created a trading account with my broker FXOpen ECN (MT4) account.
I haven’t transferred any funds into this account yet.
Does the Forex Fury run automatically once my Broker trading account is funded and does it start trading?
How exactly does my Forex Fury connect with my broker account to initialize trade mode?
Best regards,
Robert
Hi Robert, if you want to trade on a different account you just login to that account in MT4 using your ID and password the broker gives you.
Hi John,
I have re-installed my Binary Strategy and Binary 5 on MT4 for Binary Options Trading and my Forex Fury on MT5 for Forex Trading.
How, do I switch from demo account on my MT5 (Forex Fury) to having a live trading account?
Will I have to install MT5 again and what settings will I have to use?
Hi Robert, you would just click File > Login and enter your live account details to login to your live account.
Hi John,
I had problems with my computer crashing(Windows 7) and decided to upgrade to Windows 10.
I am trying to re-install all my trading software and I went to Binary Strategy to install MetaTrader 4 but, I get directed to Metatrader home page and it directs me to Metatrader5?
Is there another site that , you know of that, can give me MetaTrader4?
Hi Robert, simply contact your broker and tell them to give you the MT4 link. Every broker offers MT4, it’s still the better platform.
What was your starting amount with binarytoday5 to make 3300$??
Thanks for all the information you put out. Keep up the good work