Here are common questions we get.

If anything here is not sufficiently answered, you can contact us.

General Binary Options Questions

Will binary options be banned?

Though nobody knows what will happen tomorrow, we don’t think binary options are going anywhere for a while.

Why?

  1. Most people lose money when trading. After they lose it, they tend to deposit more. As a result, binary options brokers make a lot of money. Profitable businesses don’t usually stop their business.
  2. Various governments may work to regulate the industry. That could cause some troubles. After 15+ years of binaries being on the market, governments have done much in that regard. We don’t see this industry being large enough for them to put any real effort there. Plus the costs associated with enforcing any regulations may not be worth it to the governments.
  3. And, we don’t know what will happen tomorrow. Binary Options is not designed to be a long-term retirement plan. It is a chance to make a bit of extra money while it is available.

When is the best time to trade binary options?

We generally find the best payouts to be during the London Forex Market. Outside of those areas don’t provide for very nice conditions.

Those hours are:

7:00 AM – 4:00 PM UTC

Can binary options make you rich?

That is the most difficult question to answer. The people who understand our strategy tend to double their accounts every 2-3 weeks.

You can work from this plan:

  • First Month: Plan on learning and doing a lot of demo trading
  • Second Month: Be happy if you break even
  • Third Month: Be happy if you are profitable
  • Fourth Month: Be looking to make a decent side-income from this

None of that is a guarantee. If you utilize all of what we have available, making money with binary options is quite possible. Some learn it faster and some slower (to be completely transparent). We have never seen anyone who has put themselves into this to really learn and do well who has not ultimately been satisfied.

We have created something pretty cool for you though. That is a profit calculator. Use that to get an idea of what your profit will be based on your account size, number of trades per day and broker payout. It’s pretty cool!

Conclusion: You should not plan on binary options making you rich. Becoming rich is a long-term and well thought out plan. And binary options trading can be a part of your overall plan.

How long will it take to learn binary trading?

Though this is a fundamentally impossible question to answer, our experience has given us some insight that might help you in getting your answer. 

With anything, mastery takes a while and your past experience and willingness to do things differently will play a major role.

Binary Options trading is more than a strategy. It will take you less than an hour to understand the basic strategy. But that is not what makes you profitable. Therefore, we teach an entire way of approaching the markets. It has to do with the way you think about risk, strategy, money management and what the market is doing.

We have seen a consistent pattern that those who commit themselves to 4 months with us have an entirely new appraoch to trading binary options. That new approach sets them up for success in any style of trading. Promise yourself that you will take advantage of all that we offer as well as do all of the assignments and you will be very happy with your growth as a trader.

What about taxes with binary options?

We don’t give actual tax advice. But we recommend meeting with your accountant and giving that person a summary of your trades. That tends to help the most.

Here is a video that we made about taxes.

Questions About Binary Masterclass

When are your Trading Room Sessions?

We offer 3 trading sessions on Tuesdays, Wednesdays and Thursdays. (We have found these three days to offer the most consistent trading conditions.)

  • Basic Session #1
    • 7:00 AM Eastern Time (New York)
  • Premium Member Only Session
    • 8:00 AM Eastern Time (New York)
  • Basic Session #2
    • 9:00 AM Eastern Time (New York)

Do your indicators work on Trading View?

Our indicators run on Metatrader 4 for Mac & PC. There are three reasons:

  1. We watch multiple charts at the same time. To do so on TradingView requires a paid account. That would be worth it on TradingView, but most people understandably don’t want an extra cost.
  2. The free version of TradingView does not give tick by tick data. It gives a few ticks per second. That is generally sufficient, but it isn’t always. Sometimes it is the difference between a winning and losing trade.
  3. Metatrader is free and time-tested. It is a bit outdated, but it accomplishes everything that is needed.

Do you offer Social Trading / Copy Trading?

We don’t. We wish that we could. It appears that the binary option brokers don’t like profitable traders offering social trading. Our accounts keep being hidden, which makes it impossible to allow people to copy our trades. It is probably a smart business decision on the side of the broker.

Questions About Being With Our Affiliate Partnership

Is my private information safe?

Yes! When you put your account under our affiliate partnership, we can not see any personally identifying information. We can not see your name, address, email address or phone number. Nothing. We only see the Trader ID, account balance and total deposits. We would not want it any other way. Privacy is top priority for us.

Do I need to verify my account again?

If your account is not under another affiliate partnership, then you will not need to.

If it is, then you will need verify your account again. With that said, the verification process has been signficantly more simplified. It is not as complicated as it was a while ago. It now only takes a couple of minutes and is generally painless.

Will closing my account and opening a new one cause problems with Pocket Option?

No it will not.

When someone wants to change affiliate partners and their account is already under another affiliate partnership, Pocket Option says that the account needs to be closed and opened with a new email address. This can be grounds for concern for traders.

We have specifically asked Pocket Option if there is a reason to be concerned with this. Here is a screenshot of their answer.

pocket option change affiliate partner

According to them, the only thing to ensure is that you are not using the same affiliate link more than once. We will help make sure that you do not do that on accident. We’ve got your back.

(by the way, we do recognize that the writing in the picture is rather small. We apologize for that. We can’t do anything about it at this point. We felt that it was more important to show you the screenshot from the conversation, rather than simply retype what they wrote. Retyping would make it easier for you to read, but it would not help you have the confidence in the real conversation.)

Why put my account under your affiliate? Is there another way to join?

There are 2 primary reasons why we ask for people to put their accounts under our affiliate partnership.

  1. We have a longstanding relationship with Pocket Option and believe that they treat our members extra well. It is verifiable that not a single person with their account under our affiliate has ever had a problem with withdrawals or anything else. We expect that trend to continue.
  2. Compared to all that we offer, the prices of our memberships are very low (we know that you will agree once you see how engaged we are with our members). You can see testimonials on TrustPilot that confirm that people believe that our membership prices are too low for what we offer.

    People putting their accounts under our affiliate partnership allows Pocket Option to pay us as well. This helps make the cost of everything we do for our members worth it.

Is it possible to join our Basic Membership without having your account under our affiliate partnership. We do expect Premium Members to do so, because we want them to have that extra level of security on their account that our relationship with Pocket Option provides. But if you don’t want to, we understand and you can join our Basic Membership.

Is there anything I should pay attention to when changing the affiliate partner?

YES!

Do not deposit any money until you have confirmed with us that the account is under our affiliate partnership.

Occasionally, some follows all of the steps correctly and the account does not get put with us. That would require closing the account again and starting over. If you have already deposited money in the account, then the process gets very frustrating for you and you possibly lose some money with extra transfer fees.

We are here to help. So make sure that you let us know your Trader ID number before depositing any money. We will get back to you and let you know that it is there and then you can deposit your money with complete peace of mind.

Profit Calculator

Most people who come to us are very interested in how much money they can make trading binary options. That is why we have created this calculator. This calculator is not a promise of profits. It is simply to give you an idea of what is possible with the right skills.