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.
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.
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.
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!