Trade online and earn more during COVID-19

To start, this is an investment/trading strategy that is high risk but high return. As COVID-19 continues to spread, a lot of workers are now working from home, working on reduced work days or laid-off. You are lucky if you still have a job. That is why alternative source of income is very important, like online trading (best done on desktop).

There are too many online posts nowadays that are offering ways to earn money online, but few are legit and successful. Oftentimes, they require people to recruit but are not offering good products or services which make them look like (and actually are) pyramid scams. In this post, we will walk you through a high risk, high return online trading investment strategy, where you can trade online for as low as $1 (P50.00) with an minimum deposit/investment of $10 (P500), and earn unlimited.

Getting started

Before we get started with the details, since we will be talking about a “high risk, high return” strategy, let us give you an outline of what we will be talking about. The platform that we will use here is IQ Option. We’ll briefly discuss here:

  • Accountants’ advantage on trading (stocks, forex, options, etc)
  • Understanding and managing the risks and rewards
  • Practice makes perfect – maximizing use of free practice account
  • Making your first trade
  • Withdrawing your earnings
  • Earning unlimited
  • Managing fear and greed

The most common perception about high-earning investments is that “if it’s too good to be true, then it’s a scam”. But let us clarify that this investment strategy maybe too good to be true, but it’s because it’s high risk, high return, and not a scam. This is 100% legal.

Accountants’ advantage on trading

Accountants know the intricacies of investing since it’s included in our “undergrad” subjects. Still recall how to account for the unrealized gains or loss, and that “put or call” concept? When you trade online using IQ Option, you may gain or loss as well, because you are investing and trading. Perfect timing on making decisions whether to hold or let go an investment affects greatly the results.

But is trading using IQ Option so complicated? Maybe not. Sometimes, it will boil down to when you should buy or sell. Watch this video to learn more.

The concept of risk management come into play when you make the investment, including on deciding whether to hold or sell the investment when it’s losing or profiting. Accountants’ knowledge of assets being trade is also an advantage. You can also use you’re knowledge of “hedging” to mitigate the risk of losing.

Understanding and managing the risks and returns

As what we’ve already shared, this is a high-risk, high-return investment strategy. But what can you do to make this work for you? Simple! Manage the risk!

If you trade randomly without understanding the risks, you run the risk of losing your investment (100%) in one trade, instead look up to forex trading platforms uk to understand how the entire trading process works.

So how to avoid that? You should have trading strategy that will mitigate the risk of losing. Among others, you can:

  • Study the trends of the market prices of the underlying stock, currency, commodity that you are trading
  • Set rules when to enter and exit (and follow the rule with only limited exceptions as necessary)
  • Set “take profit” and “stop loss” rules in your trades especially when you are not closely watching their movements
  • Hedge your investments to lock in profits
  • Choose to trade over a relatively longer time than quick trades (e.g. in binary trading, set time to 30 mins or more rather than the 1-5 mins)

Hedging is one of the most effective ways to manage the risk when trading binary options. It’s taking offsetting positions to offset potential losses. Image on the side (or on top) illustrates how hedging is done, and you can learn more about it when you start trading (even using practice account).

Practice makes perfect (maximizing use of free practice account)

Worried about lack of experience in trading? Worry no more because IQ Option has a practice account worth $10,000 where you can practice all you want until you learn how to do it and be ready to trade!

It is important when you are starting out to stay disciplined, in order to ensure the first few profits you made weren’t just the result of chance. You could start by making sure you have excellent internet speed and setting up a quiet workspace at home with a good monitor and the best office chair, where you can work undistracted. When you are trading, so much can happen in a minute or two. Therefore, you need to focus on your task and stay in the zone.

And yes, you can experiment on all kinds of scenarios, and trade on different products to find out what’s best for you! Nothing to lose! Learn what you need to learn until you are ready to earn. So what will stop you from trying, right? You are not required to deposit anything while trading using the practice account, you just have to sign up.

Making your first trade

When you’re ready to practice or trade, the next step is to sign up. You may use the form below, or click here to go to their website.

We personally recommend trading “Options” and “Forex” as we’ve been using them consistently and love earning using them. Slowly but surely. Again, you can practice all you want using your practice account which has $10,000 initial credit. If you have a bad credit, start by reading this post about where you can find guaranteed loans for bad credit.

Withdrawing your earnings

When you are ready, we suggest to first deposit only the minimum, $10 (or P500) and invest only $1 (P50) at a time to test the water. No need to rush. When you are confident with your trades, that’s the time that you can raise the amounts.

When you make excellent trades, of course you can withdraw your initial deposit plus profit! To withdraw your earnings, you will need to use any of the following:

  • AdvCash USD
  • Neteller
  • Perfect Money
  • Visa/MasterCard
  • Skrill
  • Webmoney WME
  • Webmoney WMZ

If you don’t have any of these, sadly you can’t withdraw your profits. Signing up on Skrill or Neteller should be easy though – you can definitely do it.

Depositing actual funds for trading can be done using the above as well. In case you deposited using debit or credit card (Visa/MasterCard), you can withdraw the same amount you deposited using the same method. Anything in excess (representing your profit) can be withdrawn using other methods. Read more about how withdrawal is done, here.

Earning unlimited

Once you started actual trading, you will realize that the earning opportunity is unlimited! You can trade as long as you want, 24/7, and earn all you want. Just remember to manage the risks well, because that also means you can loss everything when you are not careful.

Image below (on the left) shows how you can profit and lose sometimes, especially when trading randomly . Image below (on the right) shows that you can profit straight on your trades.

Based on experience, we earned $500 (P25,000), with only $100 deposit, in just one day of trading, observing all the risk-mitigating measures we set for ourselves.

Yes, sometimes you win and sometime you lose. But the reason why you have to build your strategy is so that you win more and lose less. And when you mastered that, that’s when you start earning unlimited.

Managing fear and greed

Fear of losing comes from an understandable place. But it can be extremely harmful as it deprives a trader from the ability to make rational decisions, moreover, fear can turn into anger and self-deprecation. It is a natural reaction to a threat but does not always reflect the gravity of the situation: quite often fear is exaggerated and unnecessary. 

Another extreme on the trader’s mood scale is greed. This emotion makes traders take higher risk when it could be avoided, for example, keep successful deals longer, until the trend reverses and annuls the outcome. And when greed is fueled by fear, it can lead to serious consequences.

Coping with emotions is a task that should be prioritized. To maintain a healthy trading psychology, one should create a set of rules and follow them closely. Such rules may include the target – final results that a trader is aiming for, the risk management tools like stop loss and trading balance restrictions. It may also about describing the conditions for entries and exits or setting an amount of acceptable loss and desired outcome for a day, as well.

Besides setting rules, traders may also track their performance and evaluate it over a certain period of time. Tracking one’s mental state could also be helpful, as it allows one to strategize against harmful emotions in the future. Looking back at the trading activity and adjusting the current approach accordingly is a productive approach that many experienced traders use.

Still unsure?

Yes, we know! It’s not that easy to decide. That is also why there is a practice account worth $10,000 which you can use to try it, all you want, until you are ready!

If you know someone who is into trading, the good news is you can invite them and you will earn while they trade.

Yes, the platforms affiliate program lets you do that. All you need to do is sign up here, look for you the link that you need to share in your dashboard under “Promotion”, and let them signup using the link. You will get 5% of the broker’s commission on their every trade!

Then again, this is not a “recruit only” scheme. The main reason why the platform exists is to profit from online trading. Sign up for free and try it! You might just love it like we do!

Let us know what you think in the comment box below. 🙂

Note: This is a sponsored content that involves high-risk, high return investment strategy. Though earning potential is unlimited, actual results greatly vary on how well you manage the risks. Invest at your own risk.

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