Are you looking for a way to make more money with binary options? Use the Magnum Options tricks to help you increase your profits.
What are the top 2 Magnum Options tricks?
To become a more successful trader and make more money, follow these two Magnum Options tricks:
1. Trade ladder options over one touch options whenever possible
Magnum Options offers ladder options, an innovative new type of binary options. Ladder options allow you to predict whether the market will close above or below five different price levels. The further away a price level is, the higher will be your payout – but also your risk.
With this characteristic, ladder options allow you to trade very exact. Most of the time, you will be able to find a target price that is exactly where you need it to be – above or below the resistance or support you want to trade, or right next to the trend line.
With this very precise way of trading, you can maximize your profit and limit your risk. You can get the maximum payout for the movement you expect, while not having to except a target price that is too close or too far away.
With one touch options, however, you only get one fixed target price, which is almost certain to be in a less perfect place then when you can choose from five different prices.
2. Think about getting the next higher account type
As any binary options broker, Magnum Options uses an account model with different account types. Depositing more money will get you a better account type, which will come with more perks. One of the most significant perks is the deposit bonus.
The deposit bonus will add a portion of your initial deposit to your total account balance. How high a portion depends on your account type. When you deposit $900, for example, you will get the mini account, which does not offer a deposit bonus.
For only $100 more, a total deposit of $1,000, however, you will get the standard account with a deposit bonus of 20%. These 20% will increase your total account balance to $1,200 ($1,000 x 1,20 = $1,200), thereby giving you an account balance of $300 more than with a mini account, for only a $100 extra investment – a return of 300%.
All other steps between two account types feature similarly high returns. Therefore, you should keep one eye looking up, calculating your possible return if you get the next higher account.