If you are looking to learn more about binary options, you are at a right place.
Lets start with some FAQs
What is Binary Options Trading?
Binary Options Trading is arguably the simplest of all types of trading. With little tricks and experience, a small investment can turn into a huge profit. It is called Binary Options because you either chose UP (CALL) or DOWN (PUT) direction. If the market moves in the direction of your choice, you win else you lose.
How much profit do you make?
Usually you make 70-85% profit on your investment. There are numerous brokers in the market out there and the profit you make depends on the type of your trend. There are trades where you can make up to 500% profit on your investment. I will talk about the types of trades later in this blog.
Do I get anything if I lose?
If you lose a trade you get 0-20% return on your investment. Again, this depends on the broker you are using.
Why Binary Options?
The first and foremost reason is "It is simple". Anyone who knows how to use a computer can trade binary options. However be careful not to turn this into a gamble. If you trade with no knowledge it is just like a gamble, your chances of winning are 50% because you either lose or win. However, with little research, tricks and tips you can increase your winning percentage that gives you high return on your investment.
What are the word of wisdom for new traders?
If you are new to binary options trading read the following points. I was a newbie trader once.
1. First of all research on which broker you want to use. There are hundreds of brokers out there. Look how much profit they give you if you win and how much return they give you if you lose.
2.Some brokers offer bonuses for the first deposits. Its up to you if you want to accept it or not. If you do, then you might have to trade certain volume of trades before you can withdraw your profit. I usually do not take bonuses.
3. Brokers have good customer support services. Look for it because for newbies, every suggestions helps to understand concept of Binary Options Trading
4. Research some starting tips and tricks. Things like price action trading, Fibonacci lines, candle sticks trend are all over the internet. Search and learn about them
5. Once you are ready, start with small investments. Brokers allow minimum trade of up to 10 dollars.
6. Set your time when you want to trade and be familiar with that time period. This is important because markets move similarly in the same time period and you should be familiar with that. DO NOT TRADE WHENEVER YOU WANT. YOU WILL LOSE.
7. Once you start feeling comfortable and start making profit move to higher amount of investment.
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