Is options trading, or online share trading in the greater sense, a viable means to earning a living?
Global economic growth is expected to continue stagnating during 2017, resulting in sustained and increased geopolitical and socio-economic stresses. Part of the reason why Donald Trump was elected as the next US president and also why the Brexit vote resulted as it did, is because of the continued sluggish growth of the US and EU economies, along with recessive figures for growth in some other countries.
This economic diminution, coupled with the increase in political instability and drawn-out civil wars, has been the driving factor for hundreds of thousands of economic and political migrants who are trying to reach the EU because they believe that living in Europe will allow them the chance of creating a better life for themselves and their families. Unfortunately, there are tensions inside the US and EU with regard to economic migrants, which is bad news for refugees caught up in that crowd of troubles where people are trying to escape calamities because social unrest is growing in this atmosphere leading to more political instability.
According to the International Monetary Fund chief economist and economic counsellor, Maurice Obstfeld, “taken as a whole, the world economy has moved sideways…it raised the spectre that persistent stagnation, particularly in advanced economies, could further fuel populist calls for restrictions on trade and immigration… [and] such restrictions would hamper productivity, growth, and innovation. It is vitally important to defend the prospects for increasing trade integration…Turning back the clock on trade can only deepen and prolong the world economy’s current doldrums.”
This might be all good and well, but, how does this help you if you are looking to find a job or generate an income? It doesn’t help dwelling on the negative. The situation therefore begs with the question: How do you build a successful career in spite of this global uncertainty?
If you don’t have a job, or you have a low-paying job, it is easy to become bogged down by the current state of dwindling opportunities. But let’s be positive however, and ask instead, ‘Is Options Trading a Viable Means of Generating an Income?’.
Let’s have a look at what options trading is.
Options trading
According to Investopedia, a binary option is “a type of option in which the payoff is structured to be either a fixed amount of compensation if the option expires in the money or nothing at all if the option expires out of the money.”
Options trading has become one of the most popular online trading instruments used to trade on the global financial markets. Investors are attracted to it for two main reasons: (i) because it is a fast and easy trading instrument; and (ii) because the profits are high, as much as 85% is normal.
Binary options trading is also easy to access as there are hundreds of online brokerage firms. At this stage, it is important to mention that are, unfortunately, many brokers that are not registered and governed by any of the global financial regulatory bodies. It goes without saying that it’s important not to partner with one of these brokers in order to trade on the global financial markets. The risk of losing your investment is too great.
I believe that the way to find a registered, regulated broker is to research the available brokerages thoroughly. Read reviews, discussion forums, and individual broker’s websites. Make a list of online brokers that look as though they can be a viable option. You will soon see whether a broker is a legal entity or not.
Once you have a short list of companies that look as though you can work with them, the next step is to do an in-depth analysis of each broker. Websites such as Reviewing Stern Options are great for conducting such an analysis. It’s important to read the content carefully, noting down any questions you might have. Once you are ready to make a final decision, you can email your list of questions to the company in question. The answers to these questions will help you finalise which online trading firm you are going to sign up with. I can’t stress enough that an above-board brokerage will welcome your questions. Stay away from any company that tries to avoid answering any questions and addressing any concerns you might have.
Final thoughts
Investing for profit via binary options is definitely a viable way of earning an income. I know of people who have built successful businesses with the money they have made from binary options. You do not have to be a financial guru. All you need to do is to research your subject thoroughly and make sure that you partner with the right online trading company. Finally, have fun and enjoy!
Track All Your Accounts With Personal Capital
Personal Capital lets you see all of your accounts in one convenient place. Sign up now for free.
Latest posts by Mr. 4HWD (see all)
- 8 Products Made in the UK - April 16, 2023
- 3 Additions to Make to Your Morning Routine This Spring - March 31, 2023
- 6 Ways to Live a Happier & More Fulfilled Life - March 20, 2023
Leave a Reply