There was one housewife that shared her success story on how she turned $130 into $16,700 within a period of 9 months. She and her husband were undergoing some tough time in their finance and they are having problem coping with the family expenses. Because of this, they are not able to finish the flooring for their kitchen and living room. The housewife did not have any day job and she spent most of her time at home looking after the kids.
Before she entered into binary options trading, her husband was first a trader and that occurred a few years ago. Her husband had purchased a lot of books to read and follow the news on Bloomberg every single day to learn as much as he could on binary options trading. Later, he decided to become a trader in binary options trading but he did not succeed in it just like most people. He was not a patient binary options trader and keep on trading again after losing an amount. He lost a lot of money in the process and did not make any profit at all.
When he gave up on binary options trading, he left $130 in his bank account and it was this time that the housewife asked him if she could trade on this amount. He did not believe that his wife would understand about the concepts of binary options trading and how it works. When she first entered into binary options trading, she did not have much experiences but she has good money management skills and she traded carefully. She was careful about the many scams that are occurring in the world of binary options. She often used the free time in her hand to practice trading and this has helped her to increase her experience while making money at the same time.
It turns out that he was wrong and his wife managed to grow the amount from $130 – $3,500 within a period of 6 months. This sum has already deducted all the losses she made binary options trading. She made mistakes which caused her to lose some money but she did not give up and continue to educate herself to improve her trading skills. The result is impressive given this is the first time she traded on binary options. She was able to bring the total of the account from $3,500 to $16,700 within a period of 9 months. With the money she earn, she did not waste any time in hiring the home improvement professionals to do the flooring of the kitchen and living room in the house.
Her secret to success is that she understand how to implement a few binary options strategies. She know how to draw the support and resistance lines on the charts for different types of assets and she understand how they react to the market. She learned that there is more profits to be made when the price gets even more volatile. I did not use technical indicators in the analysis charts in the beginning but she later learned that the RSI and MACD indicators are actually useful in my trading style.
Since then, she have often used these technical indicators in my trading and they have helped to boost by success rate. She did not just blindly invest the money into trading but she did her best in making herself knowledgeable by doing everything she could to make an accurate prediction. This include gathering economic data and performing analysis on the latest market trends. She has also done a lot of research on different types of assets.
She is happy that binary options trading has helped her get earn some extra income to supplement her family income. She was able to help her family’s income to reach an acceptable level. Now, her kids will not first go to their father when they need some pocket money but they come to her instead. She was happy that she get economic freedom just like many other traders who succeeded in binary options. Binary options trading has make her life turn around and she is recommend it to everyone else who is hoping to use it as a side income.