There are so many ways of making money online.
If you doubt it, search around and you will be met with options like Blogging, Podcasting, Freelance web development, Design, Digital Marketing, and Forex/Options trading, among others.
One of the ways mentioned, which I have found to be so viable and profitable, is Forex and Options trading.
In matters Forex and Options trading, so many brokers offer such services.
I have tried so many of them and one which stands out among them all is the Expert Option.
It makes me want to reveal to you how you can make money with Expert Option, which I indeed will, in this post.
Great! If you are wondering if you can really make money with Expert Option trading, then let us have that settled for good.
Truth is, you can make money trading with the Expert option.
The question of how is what might be giving you trouble at this stage, but we shall address it adequately in this very guide.
Before we discuss how you can make money trading with Expert Option, how about we get some background information about Expert Option?
Was that a nod? Well, then, let us get to understand what Expert Option is.
What is Expert Option?
So what is Expert Option?
Expert Option is an online Binary Options trading platform.
The platform offers over 100 different financial assets which include Currencies, Cryptocurrencies, Commodities, Indices, and Stocks.
Expert Option offers a $10,000 free Demo account and Up to 95% returns on the invested amount!
The minimum deposit amount with Expert Option is just $10 and the minimum trading amount is only $1.This makes it quite simple to get started.
Great bonuses are also available on deposits. The minimum withdrawal amount from Expert Option is $10 as well.
You can trade via their website or by downloading one of their apps.
Expert Option began providing services in 2014 and executes more than 30 million deals every month.
The broker is an FMRC authorized broker that holds a license from one of the world’s reputable regulatory body, VFSC.
Do you now know a few things about Expert Option broker and that it is a reliable and safe broker to trade with?
If so, then we can proceed to get to know how one can make money with Expert Option.
How to Make Money with Expert Option.
Expert Option is an Options trading broker.
That is to mean that the way to make money with Expert Option is simply by trading Options.
But there is more than meets the eye.
That is because if I just tell you to go trade options to make money without showing you how you might as well never make a penny with Expert Option.
Far from that. How exactly can you make money with Expert Option?
What are the fine details of things you need to do in order to reap big with Expert Option?
Well, keep calm and follow closely as we unveil exactly how you can make money with Expert Option.
And without further ado, here are the steps you need to walk through if your dream of making money with Expert Option will come true:
- Access the Expert Option Trading Platform.
- Practice Options Trading on Demo Account.
- Register a Real Account with Expert Option.
- Log in to Your Expert Option Real Account.
- Fund Your Expert Option Trading Account.
- Trade Options on Your Expert Option Real Account.
- Alternatively, Copy Trades from Other Traders on Your Expert Option Real Account.
- Withdraw Profits From Your Expert Option Trading Account.
Expert Option Trading Platform.
The Expert Option broker provides its traders with a wide range of trading platforms to choose from.
Traders can access their Expert Option trading accounts through the following avenues:
- The Expert Option Web Platform.
- Expert Option Mobile Apps.
- The Expert Option Desktop Platforms.
The above means that you can access Expert Option trading services from both your mobile smartphone and your computer.
On your mobile smartphone, you have the choice of the Expert Option Web Platform or the Expert Option Mobile App.
Here, you can access Expert Option trading via the web platform using any browser or via the Expert Option mobile App for both Android and iOS devices.
The Expert Option mobile Apps can be downloaded and installed from the Google Play Store for Android and the Apple App Store for iOS.
On your computer, you can choose between the Expert Option Web Platform and the Expert Option Desktop Platforms.
The Web platform can be accessed from your computer using any browser.
Expert Option Desktop Platforms are available for download for both Windows and MacOS, giving PC users convenience and freedom of choice.
Which trading platform do you feel will be most convenient for you?
If you fancy Mobile trading, choose the platform supported on mobile smartphones.
On the other hand, if you are a lover of PC operation, then you can go for those platforms supported on the computer by Expert Option.
The best thing about it all is that all kinds of traders are covered, and the range of choice is so huge to the convenience of everyone.
Choose a trading platform of your liking and remain armed with it as we proceed to the next step of making money with Expert Option.
Demo Account Options Trading Practice.
We strongly recommend that every new trader must start trading on a demo account. If you are wondering what a demo account is, I will explain it right away.
A Demo account is a free account that contains virtual funds provided by the broker.
It is these funds that you can use to practice trading risk-free.
The Demo account is free and so you do not incur any cost in terms of real money while opening the account and trading on that account.
The demo account allows traders to practice trading risk-free because they are not using their own real money.
You are using virtual money provided by the broker. If you make losses, you don’t lose real money but virtual money and so it doesn’t hurt you.
If you make profits, they are also virtual profits and so cannot be withdrawn.
Generally, trading in Expert Option is in form of Options.
It means that you have to predict the direction of the market within a specified period of time.
If you think that the market will go up within a certain duration, you click on the Up button.
On the other hand, if you think that the market will go down within a certain duration, you click on the Down button.
You will earn a specified percentage of the invested amount if your prediction is correct.
Use that information to formulate a profitable strategy on the demo account.
You also need to make use of the indicators and oscillators on the platform in the formulation of your strategy.
You can also have a trading strategy based on pure price action.
Expert Option offers new traders a demo account loaded with $10,000 of virtual funds.
The interesting thing with this account is that you can replenish it if the demo units get depleted.
This means that there is no limit to how long you can practice trading with the demo account.
Therefore, you can practice for as long as you wish, until you are skillful enough.
Significance of a Demo Account.
See below how much your demo account allows you to do before you go live:
- Get acquainted with the trading platform offered by the broker.
This is in terms of the various functions and navigation keys that enable you to trade on the trading platform offered by the broker.
It is here where you get to know how to adjust trade duration, adjust trade size, place trades, exit trades and navigate through the platform easily.
- Learn how to analyze the market. A demo account offers traders exactly the same trading conditions as those in real accounts.
The market conditions for both real and demo traders are the same, only accounts are different. One might be tempted to think that demo account conditions are a fake simulation but they are actually not.
That way, you get to understand how markets move, their patterns and consequently learn how to analyze them.
- Develop positive trading psychology.
While demo trading, you get to understand the emotions that accompany both winning and losing, though not very much so as in the live account.
That way, you will get messed at times by emotions until you learn that emotions and trading are incompatible.
It is then that you will begin developing positive trading psychology and ditch the emotions of fear, greed, overconfidence, and the like.
- Develop a solid profitable trading strategy.
Never quit demo to live to trade until you have developed a strategy on a demo that has been making consistent profits.
It is what works in the demo which will work on the live account. If the strategy didn’t work on the demo, it won’t work on the live account either.
Stick to demo account trading until you have formulated a profitable trading strategy, mastered money management, and developed positive trading psychology.
It is until such aspects have made you virtual money on demo that they can make you real money on a real account.
After you are confident and skillful enough, you can then start thinking of going live. Let us talk about that in the subsequent steps.
Real Account Registration with Expert Option.
Do you presume that registering as a trader on Expert Option is difficult?
What a wrong presumption we have there. The truth is that Expert Option registration is so easy and takes you barely five minutes.
You can create an Expert Option trading account from the Expert Option Mobile App or the Desktop Platform which you have been using to practice trading on a demo account.
Just open the app and click on the registration button labeled “Real Account” and proceed.
If you have been using the Web Platform to demo trade and would like to continue with it on a real account, you can register using it as well.
If you have no idea about all that, you can register in Expert Option here.
On the web platform, you will also click on the registration button labeled “Real Account” and proceed.
Which details will be required while opening an Expert Option trading account at registration? Simple.
Here is what you will be required to do by filling in the specific fields:
- Enter your Email address in the field labeled ‘E-mail’.
- Set your own Log-in Password by typing it in the field labeled ‘Password’.
- Accept the Terms and Conditions by checking the respective box.
There are other Options to Register on Expert Option which are available on the registration interface. These are registration through your:
- Facebook Account.
- Google account.
After successful registration, you will receive an email through the email address you provided.
You may then be required to confirm your email address by clicking on a link sent to you.
After then, your Expert Option trading account will be ready for trading.
Logging in to Your Expert Option Trading Account.
After creating your Expert Option trading account and verifying your email, you can log in to your trading account using the credentials you provided during registration.
Here are the simple steps to follow in order to log in to your Expert Option trading account:
- Open the Expert Option trading platform you have. This could be the Expert Option Mobile App, Desktop version, or the Web version on your browser.
- Locate and click on the ‘Login button located just next to the ‘Real account’ button. A pop-up appears with fields labeled accordingly.
- Enter the email address you used during registration in the filed labeled ‘E-mail’.
- Enter the login password you set during registration in the field labeled ‘Password’.
- Click on the ‘Blue Login button’ located just below the fields you just filled.
You will be logged in to your Expert Option Real Trading Account.
Funding Expert Option Real Trading Account.
The next thing to do is to ensure that your Expert Option trading account is funded with enough money to enable you to start trading.
The minimum deposit amount with Expert Option is just $10 and the minimum trading amount is only $1.
Funding your Expert Option trading account is simple. Here are the simple steps to follow after logging in to your Expert Option trading account:
- Click on the Deposit button.
- Choose the payment system you prefer. Several payment systems are supported including:
- VISA, MasterCard, Maestro.
- Perfect Money.
- Yandex Money.
- Choose or Enter the Amount to Deposit. The minimum deposit amount is $10.
- Accept terms & conditions, refund policy, payment info policy. That is by ‘checking the box.
- Press Continue and follow any further instructions.
- Your Real account will be credited with the amount you had entered instantly.
Real Account Expert Option Trading.
Do you remember the strategy you formulated on the demo account which made you a lot of virtual money?
It is the same strategy you should use live to make a lot of real profits.
The platform has over 100 different financial assets to be traded on Fixed Time basis or as Options.
These are spread across Indices, Cryptocurrencies, Currencies, Commodities, and Stocks. Just choose which one to trade.
Expert Option offers about 8-10 Indicators and Oscillators.
These can be used for trend prediction for accurate predictions which translate to more earnings. Lines such as Horizontal, Vertical, and Ray are also available for a similar purpose.
The broker provides 4 types of price charts which are the Area chart, Line, Japanese Candles, and Bars.
These can be customized into different timeframes for different visualization of the price and better trading decision-making.
The timeframes are such as 5-second charts, 10-second charts, 15-second charts, 30 second and 60-second charts.
Should I tell you one of the most amazing things you will hear today?
Here it is. You only need a minimum of $1 to place a single trade in Expert Option.
With that, you can earn up to 95% of your invested amount per trade on Expert Option trading various assets available on the platform.
But how is it possible to earn with the Expert Option?
To make profits, you have to predict where the price of an asset will be after a given period.
Will the price be higher or lower in respect to the level where you take the trade?
An Up green button exists on the platform to hit if your analysis implies that the price will be higher and a down red button is to be pressed if your analysis implies that the price will be lower.
If your prediction is correct, you earn the specified percentage of the invested amount plus the invested amount itself.
Remember you are trading on a real account here so the profit made is real!
As we mentioned, you can earn profits up to 95% of the invested amount per trade-in Expert Option.
To earn, you have to predict whether the price of an asset will go up or down within a specified period.
The available trade durations to choose from are 1 minute, 2 minutes, 3 minutes, 4 minutes, and 5 minutes.
Let us use the example of USD/CAD whose rate of return is 90%.
You predict that the Price will go up in 5 minutes by investing $100. Upon expiration, the price is actually higher than the start point and so you win.
That means that you will earn $90 on top of the refund of the invested amount of $100. Your account which was at $1,000 has now grown by $90 and is at $1,090.
If you predict that for 5 minutes the price of the same asset will be lower than where it is now by investing $100 and the price actually falls, you win.
Your account will grow by $90 because on top of the $100 refund, you earned 90% of the $100 you invested.
You can see that whether the price goes up or goes down, you make money either way.
What an interesting way of making money. Don’t you think you need to try this too? I thought you need to give it a shot.
Making Money with Expert Option Copy Trading.
If you don’t want to formulate your own trading strategies on the demo account and use them on a live account to make money, there is also a way you can make money with Expert Option.
You can do so by copying trades of other successful traders on the platform and make profits and they make profits.
Does it matter how you make money on the platform?
As long as you make money, right?
Exactly my point, and so I would like to show you how to make money with Expert Option without any viable trading strategy.
In this regard, all you do is to watch what other successful traders are doing and then do it.
Expert Option Copy Trading.
Expert Option Copy Trading is a special feature offered by the Expert Option trading platform, which allows traders to copy the trades of other traders.
The platform does not have a function to copy every single deal of a specific trader.
Instead, you can choose a trader and follow their decisions. You can simply see the trader’s deals and copy them manually.
Expert Option Copy Trading is actually branded as ‘Social Trading’ on the Expert Option trading platform.
It is social because if you turn on the social trading feature, you will not only see the deals of your single preferred trader but the deals of all traders on the platform.
Social trading is such an interesting feature of Expert Option.
In Expert Option Social Trading, a trader can see the deals of other traders in real-time on the graph.
The trader can then trade in the direction of their preferred trader or in the direction of most of the traders to get more profit.
Little red and green circles with an image inside, appearing on the price graph represent the various traders and the trades they have taken, real-time.
How to Make Money with Expert Option Social Trading.
To make money with the Expert Option Social Trading feature, you can either choose specific traders to copy or just trade in the direction in which many traders (non-specific) on the platform are trading.
Choosing a trader to copy is not so difficult because all you need to do is to just access the Expert Option Social Panel and view data there which will inform which traders you choose.
On the Expert Option Social Panel, choose the traders who:
- Appear frequently on the ‘top 5 list’.
- Have won high amounts consistently.
- Stake huge amounts.
You can also choose traders to copy based on other own criteria.
After choosing the traders to copy, take note of their names, respective photos, and the asset they are trading.
You can then choose that asset from the various assets available on the Expert Option platform and turn on the Social trading feature. The button to turn on the social trading feature is shown below:
Once the social trading feature is on, you will begin to see red and green circles with photos and those will be traders taking trades in the respective directions.
Track the traders you had chosen and only take trades in the direction they take trades.
Ignore any other traders as they do not bear the same characteristics as those with the traders you chose.
You can confirm that it is one of your preferred traders by clicking on the circle and the name pops up, and by also looking at the photo within the circle.
If your preferred trader takes an up trade, confirm it is them and take up trade.
On the flip side, if your preferred trader takes a down trade, confirm it is them and take a down trade.
Red circles mean that the trader has taken a down trade while green ones mean that the trader has taken an up trade.
You are also allowed not to have any specific trader to copy. In this case, you will only be looking at the red and green circles of traders with the social trading feature on.
If so many red circles appear consecutively, then most traders are taking down trades and you can also do the same.
On the other hand, if so many green circles appear consecutively, most traders are taking up trades and so you can do the same.
Withdrawal of Profits.
By trading on your live account or by copying trades from other traders on your live account, you will certainly make a profit.
You can then proceed to withdraw the profits so that you do not start thinking that it is not real money.
It is until the money is in your wallet and not with the broker that most traders feel that they own it.
The withdrawal process is so simple. Here are the steps to the withdrawal process of your profits from the Expert Option trading account:
- Click on the Finance button.
- Choose the Withdrawal option.
- Choose a Payment method to receive the money with.
- Adjust the Amount to withdraw.
- Fill in the required information related to the payment method. Your card number and validity and wallet address are examples.
- Create a withdrawal request by clicking on the “New request” button.
You will receive your requested money in not more than 1 business day.
First withdrawals have to be made to a bank card or e-wallet which was used for making an initial deposit.
In case of withdrawal to a bank card, the amount of withdrawal has to be equal to the deposit amount.
Other funds (revenue) can be withdrawn to any other wallets such as Skrill, Neteller, UnionPay, or any other method.
Wrapping Up on How to Make Money with Expert Option.
How easy, how simple, how real it is, that you can indeed make money with Expert Option. I have done it, you can also do it, and I have shown you exactly how.
Proceed to begin practicing trading on the Expert Option demo account and gain the necessary skills. I am sure that within no time, you will be skillful enough to go live, and there, the money lies in wait.
Happy Trading Journey Ahead!