I don’t have the capital on hand to be a big-time stock trader; most brokers require that you have tens of thousands of dollars to put into your account before they’ll even let you open it. I only had a few thousands to spare, so I started using penny stocks instead. I could buy a lot more stocks that way, so my returns were huge when I played it right. At the same time, I was never risking that much, so I was never nervous that I was going to make any huge financial mistakes. For someone in my position, I thought that penny stocks were as good as it got.
However, one of my friends was in the same boat as me, and he had been playing around with binary options. He liked them because you could get big returns on small amounts. With a 90 percent return on some trades, he could turn $100 into $190 – almost doubling his capital – in just a few minutes. If he wanted to just put in a few dollars, he could do that as well. He, like me, enjoyed doing this type of trading on the side and had no aspirations to be a huge stock trader with the big corporations.
When I talked to him about what I was doing, he told me I could make way more with binary options if I played my cards right. With those payouts, it was hard to argue with him. I signed up at anyoption.com to give it a shot, and I was thrilled with what I found.
For one thing, signing up and depositing money was a breeze. It was free for me to sign up, and I could wire money into my account in seconds. I decided to start out with just $200. It wasn’t much, but I wanted to see what I thought of the whole thing before I committed to any more. Thankfully, they did not have sky-high minimum limits like some brokers, so I was able to do it.
What I like most about the site, though, is that I can trade in so many different things. I started out with gold. After all, it has been trending up lately. I won that and tried the same thing with oil. After winning that one as well, I went on to some of the Forex pairs. I did not win all of those because I was new to Forex – I had always used stocks and commodities before – but I got the hang of it really quickly. It’s not that much different, and they move a lot more, giving you more chances to win.
I take what I said back: My actual favorite thing was the amount of movement and the fact that you can win literally any time. If the stock is going up or down, you have a chance to earn. That’s the ultimate way to build wealth, making you independent of the world market.