Hey guys, thanks for joining me for the 31st edition of the BinaryToday.com income report. This report is a monthly accounting of all my trials and tribulations. I attempt to inform the public on how real binary options traders are making a living in this marketplace. So, buckle in and get ready for an in-depth lesson, and some free actionable steps you can take to start trading, and growing your account.
As always, I look forward to your feedback. You can either email me, or write a comment below with your thoughts and contributions.
$250 Account to $50K Journey
In 2017, one of the most exciting elements on the Binary Today website has to be my latest journey, where I’m attempting to turn a $250 trading account into $50,000. In this journey, I do no manual trading, and rely only on proven signal software to provide me with every single trade. There are already hundreds of Binary Today readers following in my footsteps and contributing similar success stories.
This is month 4, and the aggressive money management strategy I’m using is paying dividends. So, let’s go ahead and take a look at this months trades.
|PAIR||SIGNAL||ORDER TIME & DATE||TARGET PRICE||EXPIRY PRICE||EXPIRY TIME & DATE||RESULT||SYSTEM|
|USDJPY||PUT||2017.04.28 17:50||111.441||111.389||2017.04.28 17:55:00||1858.62||IQ|
|USDCAD||PUT||2017.04.26 13:00||1.35793||1.35763||2017.04.26 14:00:00||1053.44||BTT|
|EURUSD||PUT||2017.04.24 11:09||1.08574||1.08544||2017.04.24 11:14:00||1602.26||IQ|
|USDCHF||CALL||2017.04.21 08:30||0.99782||0.99851||2017.04.21 09:00:00||1222.02||BTT|
|XAUUSD||PUT||2017.04.13 11:30||1286.66||1286.31||2017.04.13 12:00:00||1417.552||BTT|
|EURUSD||PUT||2017.04.06 09:15||1.06651||1.06663||2017.04.06 09:20:00||-1907.45||B5|
|GBPUSD||CALL||2017.04.06 08:35||1.24596||1.24648||2017.04.06 08:40:00||1644.36||B5|
- Month 1 Earnings: $286.40
- Month 2 Earnings: $1413.52
- Month 3 Earnings: $4597.92
- Month 4 Earnings: $6890.80
- Total: +$13475.04
In April I went 6-1 with 20% risk, and earned $6890. This puts me in a great position moving forward with $13,475 eating into that $50,000 goal. If I continue to use the same risk, I believe that I can totally demolish my initial expectations.
One of the things that I really want you to pay attention to today, is the prices. You will notice that the signal systems that I use win by large margins. This is very important to me, because I am a worrier, and if my trades are constantly only winning/losing by 1-2 points, then I know the strategy isn’t working.
April Income Report
Binary IQ continued to perform extremely well for me, but I also saw an uptick in usage for both the Binary Today Trader and Binary Today 5 systems. All three of these systems are providing me with ample trading opportunities, and I continue to utilize the trade assistant to verify the signals to make sure they are high probability winners.
Verifying Signals For High Probability Trades
As you may or may not know, I put out a Trade Assistant some time ago. This is still available at the bottom of every page, and is now built-in to the trading systems that I use.
In this example, you can see the built in trade assistant. How I use it, is very simple, and it’s a great way to increase your ITM, and involve yourself within the strategy as a newer trader.
When you receive a signal from a software like IQ BT5 or BTT, the process is quick and easy.
It will tell you the exact trade, whether it’s a BUY(CALL) or SELL(PUT), the expiry time, etc.
The only extra step I add, is that I check the trade assistant before I place the trade. In the example on the left hand side, you can see that the trade assistant is telling us that it agrees with a BUY(CALL) trade. So, if a signal comes, and it’s a BUY(CALL) trade, then I would go place it, but, if it’s a PUT(SELL) trade, I would consider ignoring the signal and waiting for another one.
If you need any help understanding this, feel free to leave a comment, and I can certainly help you understand how to pick high probability winners.
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April showered the Binary Today readers with a long streak of wins. The Binary IQ, Binary Today Trader and Binary Today 5 systems all continued to provide very accurate trading signals, and that’s all I can ask for.
Thank you for stopping in today, and I hope that my short trade verification lesson helps you grow your accounts, and start earning the binary options income you deserve.