"Earn 10,000 yen per day by investing 1 hour" Domestic FX binary options to steadily earn money in a short time
The serial title is "Earn 10,000 yen per day with 1 hour of BO investing." This is a play on Mayumime's book "FX Investing for 10,000 yen per day in 1 hour." The concept of "gradually earning with short time" is the same.
The difference is whether it is "scalping" or "binary options."
Recently, cryptocurrency trading has drawn attention, but I would like to shed light again on binary options offered by domestic brokers in FX.
The good things about binary options
1. It can be started with a small amount. Minimum 1000 yen.
2. When the fixed time (settlement time) comes, the trade automatically ends. In other words, you don't have to think about an exit.
3. Short trading time (in my case, each trade is under 20 minutes)
4. You just need to forecast the approximate range of the market.
5. The purchase amount can be used as an entry decision.
6. By using different strategies for times when the market moves a lot and times when it moves little, you can earn about the same amount at any time.
7. High capital efficiency.
Looking back historically, when domestic FX brokers and securities firms switched from high-low binaries to the current ladder options mainly featuring European-type binary options, the concept was so different that I had no idea how to think about it.
After thinking about it, I realized that although trading opportunities did decrease, it became clear that you can "earn a similar amount steadily at the same time every day." Scalping shares the idea of steady earnings in a set time frame, but since it is essentially a range-trading trade, earning 30 pips every day is quite challenging. In contrast, with binary options, earning 300 yen of profit per day with a 1000 yen payout is quite feasible.
If you think in terms of "earning 10,000 yen per day with 1 hour of BO investment," a 20-minute trade 3 times a day could yield 3000–4000 yen profit per trade. The risk (purchase amount) for each trade would be 6000–7000 yen. If your capital is ten times the risk, that would be 60,000–70,000 yen.
This is my blogwhere I posted the results of 20-minute trades once, so please take a look.