Maybe a lot of you want to start trading because your friends or someone you know started making timeframe amounts of money from binary options trading, but you are afraid because you simply don’t know much about it. If that’s the case, you’ve come to the right place. In this article, we will cover all the basics of binary options trading, and once you’re done reading the article, you will be ready to start making money on your own.
So, first of all, how does binary options trading work?
Binary trading doesn’t involve any buying or selling; you can look at it as if it were a ”bet”. So no matter how much an asset or a commodity is worth you will always be able to place money in the amount that you want. If you want to place money on a trade, it can only go one of two ways. That’s why it’s called binary. You can either ”call” that the value of an asset will rise, or you can opt ”put” if you think that it will decrease.
Once you’ve decided on an asset and on the amount of money you want to place, you will have to determine an expiry time as well. This is all customizable and adjusted by you and you only. If you think that the price of oil will change in seven days and that it will increase, you place ”call”, set an expiry time to seven days and simply wait for the deadline. Just go to 10bestbinaryrobots.com and get your first lessons on trading. If you win, you will get a percentage of money in winning, usually seventy to ninety percent and if you lose you will still get a portion of your money back, most likely around ten percent.
Ok, now that you know how it works, you are probably wondering, what can I trade?
With binary options trading, you can trade almost anything, stocks, commodities, assets, indices and so on. What’s very important is that you can trade all these things from the same platform. If you find the right broker, you can simply stay there and do all your business from that one website. No matter if it’s to determine the future price of gold, Samsungs’ stock or United State’s dollars.
So, how long do the trades last?
We’ve covered most of this in the first segment, but once more, you and you alone are the one who determines the time frame. You can set an expiry time anywhere from thirty seconds up to one month. Simply find the time frame which suits you best and go for it.
Binary options trading is very simple; there are only a few steps you need to follow and one of two options to choose from. This boils down to fifty percent chance of success, so even if you don’t know anything about the trade you are about to do, you still have a good chance to win money. As you get more skilled, you will keep increasing your percentage of winnings and then you will realize just how lucrative this method is. Good luck and have fun.
Before we go into specific let’s, just go over what Binary Options Trading really is.
Binary Options Trading is a neat little method for making money online. With this method, you can sit comfortably in your chair at your computer and make lots of money without doing anything harder than moving your mouse around.
For beginners (probably like yourself) the easiest way to use Binary Options Trading would be by calling whether an assets value will rise or fall or just go to Top 10 Binary Apps and copy the advice from there. It’s very similar to any betting game, but instead of having a million possibilities, it simply has two. That’s why it’s called binary. So even if you are a complete beginner and know nothing about the stock market, you can still make a lot of money for the chance of winning is fifty percent. If you, however, decide to do some research and investigate on how the asset you are betting on behaved in the past and find out about some factors which will determine its future, then it’s a whole different story. Then these fifty percent may easily turn into ninety-nine percent chance for success.
So without further ado, here are five more reasons why binary options trading is just right for you:
1. It’s very easy to start and trade
Essentially all you have to do is find a broker, put some money to your account and start trading. The time you will need to create an account, deposit money and place your first bet won’t take more than ten minutes. It’s as simple as that, and you won’t find any difficulties or complex problems along the way.
The only thing you need to know is how the asset you are trading will behave in the near future.
This near future is also determined by you; it can be a time frame of one minute or one month.
2. Binary options trading is very flexible
There are no equals to this system when it comes to flexibility. It allows trading of almost any financial instrument as well as commodity and currency markets and also indices and bonds.
3. With binary options trading, you will know up-front how much money you will win or lose.
In other words, it allows high financial risk control. There are set percentages on how much money you will win if you predict the movement of the asset right or how much money you will lose if you don’t. This way you can plan your strategy much more effectively and win more money than ever.
4. Quick Results
This is the biggest reason why people love binary options trading. You can bet short term anywhere from thirty seconds to ten minutes and find out instantly after the time has passed whether you won or not. This way you can pump your bank at an incredible rate, and if you are lucky enough, you can become rich in a day.
5. Available anywhere at any given moment
You can trade on this platform twenty-four hours a day from any location on earth as long as you have a PC, mobile phone or any other device which can be connected to the internet.