In addition to trading using a regular broker’s platform, I thought it would be a good idea to supplement my income with a few ‘binary bets’.
This is just another way of trading, with the proviso that you decide how much you are going to win if the trade works out!
You can place a calculated (by the broker) amount of money (your bet), on whether a FOREX pair reaches (or doesn’t reach) a certain price by a certain time, and can win an amount that you decide, or lose the amount of the bet.
I use ‘Bet on Markets’ as my broker at http://www.betonmarkets.co.uk
although there are many other binary betting companies.
It’s good fun, because you still use your skills as a FOREX trader, but use them in a different ‘vehicle’ to trade. Give it a go!