How To Make Money On Raceoption: Full Guide

Top ideas on how to make money on Raceoption

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Raceoption offers a wealth of money-making opportunities through binary trading, copy trading, bonus utilization, and affiliate programs. Let’s consider the different opportunities to make money on Raceoption:

Binary Trading

Raceoption is a financial trading broker that predominantly offers binary option trading services with over 100 binary assets. Binary trading is the popular way to make money on Raceoption, which involves speculating the direction of an asset within a specified timeframe. 

Therefore, binary options traders can predict whether the price of the next candlestick will rise (CALL) or fall (PUT) within a specified timeframe. Furthermore, Binary options have expiry times and range from 5 seconds to 1 month on Raceoption. Besides, it also offers traders a fixed return on investment if the prediction is correct. Raceoptin offers up to 95% payout on successful binary options trades.

So, a binary options trader may use price action or technical indicator to analyze the available binary assets and then predict whether the price of the next candlestick will rise within the M30 timeframe, for example.  If the prediction is correct, the trader wins. However, if the prediction is wrong, the trader loses the investment amount after the M30 expiration.

Copy trading

Raceoption has a copy trading service that enables novice and busy traders to benefit from financial trading activities on the platform. Copy trading is a service offered by Raceoption brokers, which replicates the trading activities of other expert traders on beginners' and busy traders’ accounts in real market time.

Therefore, copy trading is a convenient way to make passive income on the Raceoption platform. Copy trading on the platform is fully automated to make copying other experts’ trades a less hassle, especially for novices. So, to copy other experts’ trades on Raceoption, users simply create an account, fund it, and connect it to a signal provider to replicate the trading activities.

However, one of the significant challenges in copy trading is choosing the right expert to copy. You can identify good traders to copy through several factors, including the trader’s risk score, consistency rate, and the number of users copying the signals.

Bonuses

Besides copy trading and binary trading opportunities, Raceoption also provides bonuses to assist traders with additional margins to trade larger positions for potential bigger profits. Raceoption offers an initial deposit bonus of up to 100% for new users. It also offers weekly contests and rewards winners with prizes of up to $20,000.

The initial deposit bonus is available to all the new users on the platform. So, an initial deposit of $250 would attract a 20% bonus, while an initial deposit of $1,000 and $3,000 would attract 50% and 100% bonuses, respectively.

The initial deposit boosts the trading accounts of new traders on the Raceoption platform. For instance, a 20% deposit bonus of $250 initial deposit would increase a new user’s total trading deposit to $300, while 50% bonuses from a $1000 initial deposit would be $1,500 trading capital, etc.

Affiliate Program

Another viable way to make money on Raceoption is through the affiliate program, where affiliates are paid commissions for bringing new users to the platform through their referral links. An affiliate program is one of the ways financial brokers grow their customer base. Affiliates get paid when new users deposit into their trading accounts.

The affiliate program on Raceoption is worth considering because it is one of the most rewarding affiliate programs in the financial trading industry. It rewards affiliates a commission of 60% of the initial deposit of new client who sign up with their referral link. Besides, affiliates also enjoy a lifetime 20% commission anytime their referrer makes future deposits. In addition, affiliates earn an additional 5% commission from their down-line affiliates.

What is the minimum deposit on Raceoption?

Raceoption has three distinct account types with different minimum deposit requirements. The Bronze account has a minimum deposit requirement of $250, the Silver account has $1,000 as the minimum deposit requirement, and the minimum deposit on the Gold account is $3,000.

Therefore, to be eligible to start active trading, copy trading, and enjoy the deposit bonuses on the Raceoption platform, users need to create an account type that suits their interest and fund it with the minimum deposit requirement.

Is it Possible to Earn $1,000 per Month on Raceoption?

Earning $1,000 per month is certainly possible on Raceoption, but it is essential to approach trading with caution because it comes with significant risk. Besides, earning a consistent profit on Raceoption can depend on several factors, including trading skills, market conditions, etc. Here are some tips for beginners:

• Education: Knowledge is the foundation for making consistent profits in the financial markets. So, invest time to learn about the market dynamic, trading strategies, and risk management.

• Start Small and Practice: As a beginner, practicing your trading strategy on a demo before trading a live account is essential. Also, begin with a small account size and level up as you gain more real market experience. Risking a large sum at the early stage of your trading journey may impact your trading psychology, especially if you incur significant losses.

• Risk Management: Have a clear-cut risk management blueprint to follow. In general, do not risk more than you can afford to lose.

• Control Emotions: manage your emotions on or off the chart. Be wary of fear and greed to mitigate making impulsive trading decisions. Finally, proper risk management can help you control your emotions even during market fluctuations.

How to choose the best way to make money on Raceoption

When considering ways to make money on Raceoption, it is essential to take several factors into account to determine the most viable option. Here are some criteria to consider:

• Trading skill: Traders with reliable binary trading strategies may consider making money on Raceoption through binary options trading, while copy trading would be the best bet to make money for novice traders.

• Lifestyle: Your lifestyle can determine the suitable method to make money on Raceoption. For example, binary trading demands traders to watch the chart continually for setups, which may not be convenient for traders with busy commitments outside trading. In this case, such traders can opt for a copy trading service.

• Marketing skill: The affiliate program on Raceoption may be a viable option for making money on the platform for users with internet marketing skills.