Before you jump to a conclusion about quitting your job to trade binary options, there are several factors that you must consider. Although trading binary options and even an intraday trading could be a very profitable business, sometimes you have to face downfalls. Are these downfalls worth it, and are they pitiable?
One of the major advantages of trading binary options is that the risk as well as the payouts that are attached with its trading are known well in advance, since they are fixed. The reason why trading binary options is gaining huge momentum is that you do not stand the risk of losing out more than what you have already invested. Your initial investment amount will not be hampered with, and this is one of the reasons why most people who trade in binary options have built up their confidence levels in trading, and have decided to quit their jobs and trade for a living.
Another reason why people would contemplate quitting their jobs would be because with this trading option they stand to make a substancial profit. Traders not only get their initial investment, but also 71% of their investment as a return if they win the trade, and if this does not happen, then you will surely receive at least 5-10% of your initial investment back thanks to some generous companies such as Traders Room.
When trading binary options as a day trader for example your returns over investment are fixed before the trading expires. It is an exciting option to work with especially if its day trading you are looking at, which is what most people who have quit their jobs are interested in. The returns are definitely high and the turnover on expires are very quick. With every new development that takes place in the market, you can infact capitalize on it and make some quick profits which could be rolled onto future investment in binary options. In intraday trading for binary options, there is nothing like losses incurred. If you have small amounts of investment, you will find that there is nothing called as inactive trading hours. There is action every hour of the trade, where you can take some shots at making a profit. This is an excellent deal, especially if you are new at binary trading. Once you gain confidence, you can move to better options and higher profits, of course, since the profit money keeps coming in, you can be sure of a regular income if you are winning trades.
Since there is almost negligible loss and the profits are high, as well as the security is fairly good, you can be almost be assured that you could gain a regular income from trading if you are able to learn quickly. However as always, you need to make sure that you understand binary trading and its risks and associated taxes before you decide to quit your job.