When you are trying to find realistic methods to make money with binary options, at first all the methods you find will seem unworkable. One reason for this is they are too complex. What you need is something simpler. You need something that is going to allow you to ride a way rather than having to bet on your expert knowledge to which you might not have any. One good method to use in this case would be a method called the “Association Technique”. Now what exactly does this method entail?
Well we are not going to focus on the complex explanation. The goal is for you to walk away really understanding what the method means and how to apply it. The research method you will use in this case is watching the world news. You would want to pay attention to trends and headlines. You will be looking out for certain things that are going to have an impact on other things.
Here is an example of how the “Association Technique” works. Lets say you here on the news that whether has been bad in parts of the world where a lot of corn is grown. You do a quick search online and find out that this country is a serious exporter of corn to the United States. Seeing as how their crops are going to be effected, you know the price of corn itself is going to go up. Does this mean you would put a “put” option on the commodity of corn? No you would not, because a lot of people will be doing this.
What you will do instead is look to make higher profits by looking at other things that will be effected by the price of corn going up. One good example would be any cereal that is made using primarily corn. Look to the big cereal makers. Maybe you might want to put a “put” or “call” binary option contract in for one of these major companies depending on which way you believe their stock would go because of their dependence on corn to make a lot of their products. Surely the price of corn being higher is going to impact them.
Now this might be a bad example, but you get the idea right? You are looking for information that is going to lead to investment opportunities based on what will be impacted by it. You just have to know in what direction to go. This method works very well, and believe it or not it is a well used method for a lot of serious investors. It is very useful and it is a way to make hefty profits.
Good research will be required with this method, because you would really need to see that certain information is going to open the door to a serious opportunity others might not be aware of.