In order to find any success in the market of binary options, it is important to understand the bottom line of this venture. What you are trying to do when playing the binary options is that you are basically betting against a professional broker who makes certain predictions on his own. Please understand that most of the options you will see from the binary brokers are deliberately flawed. However, as no one know how another day of exchange will turn out; you will still have a possibility of winning, which is still a bit smaller though than the possibility of losing.
However, this does not necessarily mean that you cannot make profit. All it takes from you is to make the right observations and calculate where the rates are likely to go. It can be quite possible that you know something that your broker does not know. Believe me, as there are millions of people engaged in exchange, no one can always know everything and always be accurate. When you think you have made a good prediction, compare it with the options that are actually available from your broker. If you and the broker disagree, thinking that your bet has a smaller chance of fulfilling you can actually prove them wrong.
Now, keep in mind, even if you are able to do this, these bets remain only a part of equation in order to achieve the success from such type of exchange. The second part of equation basically obliges you to ensure that your broker will actually pay you out the profit of your transaction. See, while anyone can actually claim your money and either declare you at loss or simply refuse to pay out for some reason, a few companies would do all the payouts faithfully, even while making a significant loss. For this reason you should deal only with accredited companies, which could be recommended by your state. If the company does not have any certificates or recommendations, then you would have no help in securing your profit if the company chooses to play dirty.
I have made a list of recommended broker, which is available here: http://www.binaryscout.com/brokers/