TopicDow Jones Focus Group Review - Scam or Legit?
Before you register with a broker, make sure that the broker offers high payouts for the binary option type you want to trade. Many traders fail to understand the huge impact even an additional 1% or 2% payout makes over the period of one month or half a year.
When we assume an average of 6 trades per day, 20 trading days per month, and a winning percentage of 70%, an additional 2% payout result in an additional gain of 2,160,163%. That is more than 2 million percent of additional money without improving you strategy, simply by using the power of compound interest.
Since you probably plan on staying with a broker for longer than 6 months, more likely 6 years, you can imagine how much an impact a high payout will make over this long period of time. Even if you don’t make 6 trades per day, the difference will be somewhere in the billion percent.
When you choose a broker, you should therefore closely check the payout the broker offers. It is easy to dismiss the difference between an average 75% payout and an average 78% payout on high / low options as a marginal note, but, as we have seen in our example, these 3% make all the difference in the world over the time of a trading career.