It is Possible to Make Money from Scratch!

Published:23 March 2016 Updated:4 January 2024

This article was sent to us by Sergei Krasnov

Hello all, let’s get acquainted, my name is Sergey Krasnov, I’m 19 years old, and I’m a student. I until recently belonged to the category of students who always do not have enough money to study, live and have fun. My parents could not get a big score in time and continued to work in the factory for paltry wages, although I do not blame them. But that’s not what my story is about, it’s about how I was able to make almost $4,000 on my own and, most importantly, without spending any money, in just two and a half months. If anyone thinks that this is impossible for a nineteen-year-old student, then my personal example says otherwise. I did not steal, I did not unload railroad cars, and I was not even involved in network marketing. I just discovered binary options and was able to make money on them.


Where did it all start?

Many of you often come across ads like this on the Internet and always nervously ignore them:

I was the same way, until one day, just out of idleness, I clicked on the window of this advertisement. The link took me to the broker’s website Binomowho offered to trade in some binary options and it was suggested that I start the process at the expense of this company. At first I thought it was another scam, but since nobody asked me to transfer money or do anything except register an account, I decided to give it a try. All in all, I quickly registered an account with Bimono and got access to the trading terminal.


Of course, I didn’t understand anything there at first, so I turned to the “Help” section, where I found a free training section.

That’s where I learned that A binary option is a type of exchange contractIn order to make a profit on which you need to determine the direction of the price, the so-called underlying asset. To put it simply, you need to bet on a rise or fall in the price of, for example, the dollar against the euro, and for this, roughly speaking, you will be paid. To be honest, I was immediately curious. Probably because now a lot of talks on TV about Wall Street and brokers and traders, who managed to get rich at the exchange market. I thought to myself, if this is not a scam, then this is my chance!

I quickly, in about a week, read through the entire educational section, which was of a fairly high level, and the material was presented there in a simple and understandable way. In general, after a week or so I was ready to trade, but I had no money, so I decided to trade on a demo account. I did it until I chose a trading strategy. In the end, the whole period of learning and getting initial trading experience took me about 2 weeks. After that I took advantage of 20 free options, which my brokerage company kindly gave me as a gift and started real trading in binary options.

All 20 free trades I used in a day and earned 80 rubles! This was not enough to continue trading, but then another surprise was waiting for me, the broker Binomo, added the missing money to a hundred (the minimum contract value) and I was able to make the next option deal. Of course, it was a bit of luck next, my next 8 trades brought me profit and my trading capital grew to the size of 700 rubles, which I could already operate more freely.


Trading Strategy

The system I used to start trading binary options was found right there in the training section of the Bimono website. It looked like this. Two technical indicators that show where the price of the asset could get a reversal on the chart:

The deals are made very simply – when the quotes of an asset have touched the bottom line of the indicator Bollinger Wavebut on the MACD indicator If the price touched the upper Bollinger line and the MACD lines crossed downwards, the contract should be drawn DOWN:

There is nothing complicated about it. Thus, in a few months I increased my trading capital to $3722.78. This can be seen in the screenshot of my trading platform (top middle). And I’m still 19 years old and a student, but now my earnings average $200 a day and I have enough money for everything, even to help my parents. And yet I haven’t put a penny of my own money into it. Only bonus contracts, knowledge obtained from the broker, and my own desire to become successful. Of course my binary options trading will not end there, but will be more profitable. I have already set a more ambitious goal for myself!

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  • Everyone who wants to earn money needs a reason. You need to know exactly how much money you need, for what period you need to earn it and for what purposes you need to spend it. This is when a sea of opportunities will open up in front of you.

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    • Sergey Serdyuk 24 April 2016 at 14:00

      Nowadays you can’t get anywhere without money at all, so everyone should earn it and be self-sufficient, no matter what your gender, age, nationality, marital status, etc.

  • I wouldn’t refuse 200 USD per day, but so far my results in binary options trading are much more modest. Everyone has to start somewhere.

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  • As you can see from the example of this student, it is possible to make a living on binary options. And if you are lucky, you can also help your parents. The main thing here is determination and ambition.

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  • I wouldn’t say that it’s very easy anyway, in order to come to such a result, it was necessary to spend a lot of time and make efforts also enough.

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    • odjin mark 24 March 2016 at 17:27

      It’s still much easier to make money this way than by physical labor. I am very happy to have discovered such a great opportunity.

    • Nikolay Petrov 25 March 2016 at 00:48

      Mental labor is also not an easy job, but perhaps better than unloading freight cars. Now many people started to earn on binary options, as they realized that this is a real income on the Internet.

    • Dyumin Ivan 10 April 2016 at 18:45

      It is much better when you combine your main job with binary options. Then the result is good, because you don’t get tired and you are always trading with a fresh head.

  • Good informative story, I only know that binomo really gives free trades to practice on options. Other brokers want at least 10 bucks to your account so you can start earning something.

    Reply to a review
    • Nikolay Petrov 23 March 2016 at 22:04

      Practically any broker will ask for this amount for a minimum account. Another thing is that binomo has an advantage over other brokers. Training and provision of additional funds is attached.

    • Agnessa Vertinskaya 25 March 2016 at 00:33

      You will be trained only if you progress in trading with options. It makes no sense for a broker to train people who can’t even close 10 trades in an hour.

    • leontov f 10 April 2016 at 18:42

      10 trades in an hour can be done by any trader, even a beginner. The question is how he will do it and what style of trading he likes more. the maximum I closed in 1 hour was 21 trades.

    • Rusa der 24 April 2016 at 10:45

      Not only that, but they may not give you your money back. Not all brokers now, unfortunately, work honestly. You can personally verify this by reading what complaints there are from traders who even communicate here.

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