How to Use Expert Option to Make Money: 10-Step Guide

With the ever-growing popularity of binary options trading, more and more people are looking for ways to get involved and start making money. Expert Option is one of the leading platforms in this industry, and it offers a variety of options for those who want to trade.

However, if you’re new to binary options trading, the process can be a little daunting. That’s why we’ve put together this handy guide, which will walk you through the process step-by-step so that you can start making money with Expert Option right away!

What is Expert Option?

Expert Option is an online broker that offers binary options trading. And what are binary options?

Binary options are a type of financial instrument that allows you to make money by predicting whether the price of an asset will go up or down. Expert Option offers a web-based platform as well as mobile apps for iPhone and Android to access binary options trading.

a). How to Create an Account in Expert Option to Start Trading: Brief Guide.

Creating an account with Expert Option is quick and easy.

To get started, simply go to the official Expert Option website and fill out the registration form.

You will need to provide your email address, create a password, and choose a currency for your account.

Once you have registered, you can deposit money into your account and start trading. But not so fast, let’s first learn how to trade in Expert Option.

b). How to Trade Binary Options in Expert Option.

Trading binary options is simple. If you are totally green about trading, follow this guide to learn how to place your first trade on the platform.

First, you need to select an asset to trade. For example EUR/USD.

Expert Option offers a wide range of assets including currency pairs (EUR/USD), stocks (NIKE), cryptocurrencies (Bitcoin), and commodities (Brent Oil).

Next, you need to specify the duration of the trade and the amount you wish to stake in that trade. The minimum trade amount in Expert Option is $1 and the minimum trade duration can be set to 1 minute.

Once you have selected an asset to trade, specified the duration of the trade, and the amount to stake, you need to decide whether you think the price will go up or down.

If you think the price will go up, you can place a “call” option. If you think the price will go down, you can place a “put” option.

Done all that? Now sit back and wait for the results. You will win up to 95% of your trade amount if, at expiry, your trade closes in the predicted direction and only lose your trade amount if things go south.

How to Use Expert Option to Make Money: 10-Step Guide

Now, that’s a summary of how to trade on Expert Option.

If you are already familiar with that process but can’t quite make profits on Expert Option yet, follow this step-by-step guide to learn how to make profits with Expert Option. From downloading the Expert Option app to registration, trading, and withdrawing profits.

1). Step #1 – Download The Expert Option App

If you want to make money through Expert Option, the first thing you need to do is download the app. That’s if you will be trading on your mobile device or tablet. Expert Option has an app for all devices.

Once you have downloaded the app, you will need to create an account. You can do this by providing your email address and setting up a password as explained in step 2.

2). Launch And Register or Login to Expert Option

Have you downloaded the Expert Option app?

Now launch and register or login to the platform.

Once you are on the registration page, you will need to provide your personal details such as your email address, and password for the account opening process.

After you have registered, you can log in to Expert Option and start trading.

3). Use the Expert Option DEMO Account to Navigate The Platform

If you are new to online trading, one of the best ways to learn how to use Expert Option is to proceed with the DEMO account. This will allow you to use the platform without risking any real money.

The DEMO account is identical to the real account, except that you will be using virtual money instead of real money.

If you ask me, using the DEMO account is a great way to learn how to use the platform and test out your trading strategies.

Once you feel comfortable with the DEMO account, you can then start trading with a real account.

When you are ready to start trading with real money, you can deposit funds into your account using a credit card or bank transfer. More on that later in this guide.

4). Come Up With Trading Strategies on The DEMO Account

Were you able to navigate the Expert Option platform successfully?

Do you now know where to find trading indicators and drawing tools among other technical analysis tools?

Now, if you want to make money with Expert Option, you will need to use these tools to come up with some trading strategies.

The best way to do this is to practice on a demo account first. This will allow you to get a feel for the platform and how it works without risking any real money.

Some of the most popular trading strategies for beginners in Expert Option include: – the same color legendary method, SMA trading strategy, and Kind Martin among other strategies that only require 1 or 2 indicators to generate signals.

Once you have a few trading strategies that you are comfortable with, you can start testing them out on a real account. Remember to only invest an amount of money that you are willing to lose.

5). Fund Your Expert Option Account

Remember we mentioned that the DEMO account can only be used for training? Well, here’s another fact about the DEMO account. Funds on that account type are virtual and can not be withdrawn.

Before you can start trading to make real money, you will need to fund your Expert Option account.

Again, you can do this by credit card, bank transfer, or e-wallet (Mpesa).

Once you have deposited money into your account, you will be able to trade with real money.

How to Fund Your Expert Option Account Via eWallets (Mpesa, Airtel Money, Skrill, Neteller)

Step 1: Log in to Your Expert Option Account – You can access your Expert Option account either via mobile app, browser, Tablet, or PC.

Next 2: Click on the deposit button.

Step 3: Choose your preferred deposit method. You can fund your Expert Option account via Skrill, Mpesa, Airtel Money Neteller, Crypto, and bank cards.

For the purpose of this guide, I will continue with Mpesa. And please note that the process is the same if you pick Airtel money.

Step 4: – Now enter the amount you wish to deposit and click on continue.

Note that amounts higher than $30 attract deposit bonuses. You can claim up to $1,250 in deposit bonuses on the Expert Option platform.

Step5: –  Enter your mobile number and click on pay. A push notification will be sent to your Mpesa number specified in this step. Enter your PIN to transfer funds to your Expert Option account.

Your money will reflect in Expert Option immediately.

6). Use The Social Trading Feature in Expert Option to Copy Other Successful Traders

The social trading feature in Expert Option is a great way to learn from other successful traders trade to make money in Expert Option. If you are not certain of your abilities to open winning trades in Expert Option, just turn on the social trading feature to copy what other traders are trading.

Here’s a step-by-step guide on how to copy trades in Expert Option.

1. Choose a trader to copy: When you open the social trading feature, you’ll see multiple traders popup on the chart in real-time – as they trade. Look at the performance of each trader and choose one that you think is doing well.

2. Set your investment amount: Once you’ve chosen a trader, you need to set how much you want to invest. You can start with as little as $1.

3. Start copying the trader: You can copy successful traders by looking at what they trade and replicating their trades on your account. You’ll make money if the trader makes money – and lose money if the trader loses money.

4. Monitor your account: It’s important to monitor your account regularly to see how your copied trades are doing. If trades from one particular trader are going badly, you can close them and find others that are doing better.

5. Withdraw your profits: Once you’ve made some money, you can withdraw it from your account using one of the many withdrawal methods available in Expert Option. More on that later.

7). Use The Expert Option Trends Tool to Catch Trends

If you want to make money with Expert Option and copy trades aren’t working for you, another better method to trade profitably is to catch trends.

Trends can provide you with an indication of which way the market is moving, and if you can identify them early, you can make some serious profits.

The first step is to fund your account if your balance is less.

Done that?

The next step is to open up the Expert Option Trends tool. This can be found in the right-hand sidebar of the website.

Once you have opened up the tool, you will see a number of different assets and their general trends.

The first thing that you need to do is select the asset that you are interested in trading. You can then select the time frame that you want to trade in.

The final step is to trade in the direction of the trend. As a rule of thumb, triple your trade duration from the duration set for the chart timeframe.

For example, if your chart timeframe is 5 minutes, set your trade duration to 15 minutes to allow price time to adjust in your favor.

8). Use Martingale to Manage Your Capital

When it comes to binary options trading, one of the most important things that you need to do is manage your capital properly. This is where the Martingale system comes in.

The Martingale system is a money management system that helps you to trade by increasing your investment amount after a loss and reducing it after a win. This system can be used on any asset, but it is most commonly used on currency pairs.

To use the Martingale system, you will need to set a base investment amount. This is the amount that you will invest in each trade. After each trade, you will either increase or decrease your investment amount based on whether you won or lost the previous trade.

If you lost the previous trade, you will need to increase your investment amount for the next trade. The idea behind this is that eventually, you will win a trade and make up for all of your previous losses.

If you won the previous trade, you will need to reduce your investment amount for the next trade. The idea behind this is that you don’t want to risk too much money after a win and give back all of your profits.

The Martingale system only works best if you have good capital. Please, don’t try this with a $10 investment. You can lose all of it.

9). Use The Strategies You Developed in The DEMO Account

If everything else isn’t working for you and you still want to make money in Expert Option, then using the demo account in your strategy is key.

The DEMO account allows you to test your strategies without risking any real money.

Once you have developed a strategy that you are happy with, you can use them on the real account to start making real money

Remember to always trade with caution even with a working strategy and never risk more than you can afford to lose.

If you follow these steps, you should be able to make money using the Expert Option platform. Just remember to practice in the demo account first and always trade responsibly.

10). Withdraw Profits Earned From Expert Option

Now that you have created an account in Expert Option, funded your real account, come up with strategies for the real account, and earned profits. Now, what next?

The next thing you need to do is withdraw all your profits back to the method you used for the deposit to see how long it takes to receive your money and to confirm if you will receive all your money.

With Expert Option, you can easily and quickly withdraw the profits that you have earned back to the method you used for the deposit.

Here is a step-by-step guide on how to do it:

For the purpose of this tutorial, we will use Mpesa as we also used Mpesa for the deposit illustration.

1. Log into your Expert Option account.
2. Click on the “Finance” tab on the left sidebar.
3. Find and click on the “Withdraw” button.
4. Enter the amount of money that you want to withdraw and select your preferred withdrawal method.
5. Click on the “New Request” button to confirm your withdrawal request.

Your withdrawal request will be processed within 24 hours and the money will be transferred to your chosen account or method.

Conclusion

If you’re looking for a way to make money online, then using the Expert Option platform is a great option. With its simple and easy-to-use platform, you can trade a variety of assets and make money from the comfort of your own home. Plus, with its low minimum deposit requirements, it’s accessible to everyone. So why not give it a try today? You could be making money in no time!

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