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How to Start Trading Binary Options?
Trading binary options open up new opportunities and widen financial horizons. Anyone can trade binary options. Most of us are afraid of change but change and growth are the energy of life. Change is inevitable. We can accept it or we can resist it. Pocket Option embraces changes and helps our users to explore opportunities binary options trading. There are multiple types of binary options available to trade. The simplest and by far most common trade is the Up/Down trade. Do you want to become a trader? Are you trading and looking for a new platform? Join Pocket Option and become an experienced and successful trader!
Where to start if you are a beginner?
Start with a demo account from Pocket Option. At Pocket Option, we offer to our new traders a demo account where they can test their strategies. We also offer advice and recommendations from our well-known and popular brokers. We offer a generous list of indicators and oscillators so you can successfully increase profits and reduce your risk.
Despite the fact that the advertising given by brokerage companies assures you that you can get a stable profit from the very first days, nevertheless, it is not so simple here. Therefore, before starting to engage in trading, a beginner must undergo appropriate training. And for this, we need a system. Otherwise, you simply get confused in the amount of information that is now available on the network.
If you already know the basics, you still need to read about the indicators, oscillators and strategies. In this article, you will find a step-by-step guide that will help you start trading on binary options if you are a beginner.
How to Start Trading Binary Options?
So, you decided to start trading? Congratulations! We recommend you take the following steps:
- Get some basic training in trading. Learn more about:
- Types of binary options;
- Types of technical analysis and strategies;
- Types of charts and indicators;
- Trading terminal;
- Risk management.
- Find a trading platform. There are so many platforms that offer a demo account and do not set high limits. Pocket Option is one of the most popular trading platforms.
We also offer many educational materials so you can also make a sensible decision as a beginner and start trading now. With us, you can start here with just $ 10, and the minimum amount is $ 1.
- Develop your trading strategy. Trading is not gambling, so you need a trading strategy. Test it on your demo account. A strategy is considered working if the profit is 70%.
- Find your psychology. No strategy works without psychology if you want to become a successful player. Real trading is very different from the demo. Therefore, it is recommended for beginners to start trading on a minimum deposit.
- Find your trading system. A trading system is a set of rules that you make for yourself. It is the basis for your trading, money management and strategy.
What beginner traders should know?
Binary options are a simple option contract with a fixed risk and fixed reward. The options are called binary because there is a “one or the other choice.” The choice is up or down; touch and no/touch.
Some key things you should remember before you start trading binary options:
- Your risk is limited to your trade amount.
- If you make losing trades, you lose your trade amount.
- There is some risk involved. Apply strategy to manage it.
- You never own any assets. You only trade in the direction of price.
- You have to win the majority of your trades to make money.
- Up/Down is only 1 type of binary option, there are many others.
- Trading binary options is designed to be easy and transparent.
A trader chooses an asset (a stock, commodity, currency) and trades if it is going to go up or down in a certain amount of time. You bet money on your prediction. You know how much money upfront you will earn if your prediction is correct. If your prediction is wrong, you lose your bet and the money risked. If you predict correctly you get your money risked back plus a return. The returns usually are 70-85%.
Join the Pocket Option family of traders, learn some basics and test your strategy with the demo account before you start trading real money. Good luck on your way to success and financial independence!
How to Start Binary Option Trading?
In order to get the highest welcome bonuses from the most reliable binary option brokers online, please open an account by using our links in detailed binary option broker reviews.
You can realize how easy to start binary option trading in a short time such as in 5 minutes and achieve high profits. Additionally you do not need to know the regulations between the brokers and be an stock market specialist!
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You can enter the world of binary option trading either by opening a trial or creating a real account. Here you can reach the basic steps of getting strated with the binary option trading.
Specify the Expiration of the Binary Option Asset
After you have chosen your asset, you need to specify the expiration of the asset. In binary option trading the minimum expiration is 5 minutes and the maximum is one month.
In general, binary option contracts do not last less than one hour, but traders are allowed to purchase options up to 5 minutes before the time of expiration.
Direction of the Binary Option Asset
The basic principle in binary option trading is that you make a prediction about which direction the binary option asset will move by the time of expiration. Generally binary option traders conduct technical and fundamental analyses of the assets they have chosen. If you want to learn how to conduct fundamental analyses before your first trade with binary option you can make use of the detailed information on binary option trading in the “binary option strategies” section on our web site.
Choosing the Binary Option Type for the Asset
The next step in the binary option trading is to choose the option to trade your assets. There are three different option types in binary option trading. These are above / below option, range option and touch options. After a successful binary option trading, you can profit up to 75% and 85% depending on which binary option broker you have choosen for trading.
To give some more detailed information on types of options;
• Above/ Below option means that you predict if the price of your asset will either increase or decrease by the time of expiration. If you think that the price will increase you need to buy a call option, or you think the price will decrease then you need to buy a put option.
• When it comes to touch option, we see that there are two types of this, called as “double touch” and “no touch”
• By the range option you need to decide wheter your asset will stay in or go out of the predetermined range by the time of expiration.
You can find out more detailed information about binary option types on “Types of Binary Option Trading” page.
Binary Option Investment
After defining the general features of your trade with binary option your next step should be the decision on the amount that you need to invest.
With a minimum investment of 10$ or a maximum of 5000$ you can trade binary option.
According to the results of general statistics, most successful binary option traders are those who purchase multiple options which they can trade simultaneously. After opening an account over a binary option broker which you chose on our web site, you can deposit funds into your secure account by using one of practical payment methods, and for the first account opening you can make use of the special bonus opportunities which you can obtain only over our web site.
Waiting for Binary Option Contract to Expire
After this stage, all you need to do is to wait for the expirations of the options for your assets and to collect your gains. Within this period you can follow up the performance of the options through online accounts under the “My Trades” tab. If your binary option expire “in the money” you can obtain an additional return between 75% – 85% on your initial investment.
Binary Options Training How To Guide: The Basics
Binary options trading allows you to have an opportunity to make money by placing a trade on whether an asset goes up or down within a certain time frame. One of the unique characteristics of trading binary options is that you know your risk reward before entering the trade; this way you know exactly what you stand to win or lose.
Binary options allow you to express your view on an underlying commodity, currency or share by the act of trading. Broadly speaking, trading can be a very productive profession that allows you the flexibility to have complete control over your schedule and lifestyle. Knowing how to trade binary options profitably allows you to work from home, or anywhere you wish, with little more than a laptop and a stable internet connection.
Time is different to a professional trader. Trading binary options can be a source of huge wealth creation, once you have a disciplined approach and you understand how to trade binary options. However, binary trading is not for everyone, because your potential income stream isn’t as stable as earning a salary. The truth is that most beginners to binary options leave the market bitter and empty handed.
In order to help our readers avoid these situations, we have gathered important guidelines into our binary options training guide below to clarify binary options for beginners and to increase your chances of success.
How To Make Money With Binary Options Trading : Invest, Don’t Gamble!
First of all, do not put your life savings on the line! While trading provides an avenue for wealth creation, it can also result in bankruptcy, and ruin your life. It is always important to start small because you will limit your potential losses while you gain familiarity with the binary options trading platform, and further discover a strategy that suits you. If you manage to double your money, then start over with your original amount as opposed to continuing to increase your trade amounts.
Though this might help you to gain knowledge of the practical and technical side of trading, the real key to success is strong psychology. This refers to how well you remain disciplined when you’re making or losing real money. One of the traps that people frequently fall into is that they want to make money as quick as possible. If you are trading to desperately make some money, then you should not be trading.
Event Trading Profitably
Event trading is one of the steps that should be taken when starting out. The statements of a chairman at a central bank can affect currency while they are speaking at a function for instance. FRO (fixed return option) is quantified as risk-return reward. Therefore it is important to denote the amount invested and denote the rate of the return but if you are wrong, you might lose your entire investment. Furthermore It’s not wise to invest blindly and the best way to approach binary trading is with tested expectations. It’s good to know that the probably of being correct is equal to the probably of being wrong.
If you trade right and you win, you get a percentage; but if you’re wrong. you lose the entire investment. and this is all based on a timetable. The price of a commodity is applied at a specific time, hence prior knowledge of the market definitely helps to accomplish better trades. The lower your rate of return, the higher your confidence level will be and the more accurate your predictions. You need to be sure that you are right just to break even.
Do not get wrapped up in the “I made a billion dollars in an hour” line. The prospect of easy money clouds the average persons’ judgment. To avoid losing money and having a bad experience, it is necessary to research and practice as this will make you a quality trader. Many traders will be dealing with overseas brokers but most companies are not regulated in the U.S.
Classical trading has a higher cost of business and not everyone has access to those markets. Binary options is truly a simple way for people to get involved in these markets. Beginners should do their homework before diving into trading. If persistence is maintained and beginners apply knowledge of the markets instead of luck, they can reap the benefits. Remember that the binary options system responds in real-time, so if you make the right decisions you can be “in for the money.”
Analyze Economic Data
In an economic downturn, the average way to trade does not always work. If a company like Apple experiences a rise in shares, and you know, you will be able to apply that knowledge to trading. Once given a current value we can estimate whether the value will go up or down because recent market events affect binary options. The fundamental indicators to use are USD/EUR, retail sales, unemployment, and home sales but note that these indicators are for the US. Market and is referred to as economic data.
Any information that you can use to better predict a trend is a smart move. It can be very difficult to trade without proper knowledge of the industry that you are trading in. With the right economic data from a credible source, you can experience a huge difference. When trading during a specific time, you should have a solid source of info. Whether a news broadcaster or a phone app. Keep in mind that a trend can change at any minute.
Strategize to Trade Binary Options Successfully
One great strategy to use is to increase your bid every time you get it wrong, but be sure to apply this to all the bids in the same category. It’s good to hit up 56%t on binary trades just to break even. The USD/EUR values are very popular because of its unpredictability. A great strategy for beginners is to stick to one chart.
Volatility is great for trading as it provides an opportunity when a commodity continual slides up or down. This strategy must be implemented not just for winning but for covering losses as well. When sticking to a well-planned strategy, breaking even is the worst case scenario.
Experience in Trading Binary
When the rate of return is high your probably of being wrong increases. If you have little to no experience in this area, your risk will outweigh your rewards. Each asset has a current value right before you make a bid or trade so don’t think that each trade is different from the other. Learn from your mistakes; each trade can help you to get better at the next. Another important pointer is that no commodity or stock can rise or fall forever.
Many people will post negative reviews about their bad experiences. As I stated earlier, you will not get rich overnight. You have to invest time in the binary options world in order to develop the right habits. If you focus, you can reach the level where you make hundreds of dollars an hour. Do not get discouraged if things don’t go your way at first. Our training guide is a reference point for you to better your trading skills. This is why binary options demos are very important. Once you have an understanding of the charts and know how to binary trade, you can begin make bids with your deposit with confidence.
Choose Your Binary Options Broker / Trading Platform
A trading platform is a must in order for you to trade. You should ensure that you are using a platform that is easy to navigate. Remember that risks are involved but the losses should never exceed your deposits. A popular trading agency that can be used is NADEx and they are the only agency that is regulated by the CFTC and rated in the United States. On the other side of the spectrum, Forex Exchange is one of the most popular commodities in binary options. It is important that you search for the top platforms that are available before you begin trading.
Make Realistic Profit Expectations
An important factor to note is that the higher the payout, the better it is for your pocket. A low deposit does not necessarily mean you are better off. The payouts for each platform is structured in a percentage format. Some are 70 to 80 percent of payouts which is just about average. At this point you should gain some profits and become comfortable. The average trader isn’t successful until they hit 5000 trades and you should always know exactly what you are getting into!
Trade With An Comfortable Level of Risk
Once more risks are involved, working with a professional broker in the beginning could never be a bad idea. Through a free demo account, you can make real life trades with dummy money but ensure that you always read the fine print. Binary options is one of the riskiest markets out there so it’s a good idea to deal with local platforms that are registered in your home country. Most platforms require you to make a certain amount of trades before funds are released. Another hint is to not get into the market trying to become rich quickly as this is a recipe for disaster.
Stick to Your Trading Budget
As a beginner, you should trade small amounts of money in the initial stage. Stick with the minimum trade value until you feel confident enough to raise the bar. Trade within longer time frames, because it is difficult to predict the market with a shorter time span. If you have no experience in trading, only risk a couple hundred dollars instead of thousands. There are brokers with a hundred-dollar minimum too. Once more, ensure that you do your research as getting familiar with the charts will help you identify the market trends.
It’s not uncommon for beginners who engage in binary options to stumble on the common pitfalls of the industry. This makes it very important to pay attention at every stage. Most brokers will try to get you to deposit an excess of amount of money. The reality though, is that you can trade for a couple hundred dollars. The goal here is to help you become a successful binary options trader and not to deposit your life savings. Diving into the furnace with a lot of your hard earned money is not a great idea at all. You have to go through the growing pains in order to properly understand trading. When you do get a hand at it, then your confidence level will rise. Once you have the know-how and confidence, it will show on your bank statement. The lesson being taught here is that slow and steady wins the race.
Have the Right Attitude
Patience is absolutely supreme as it will take time for you to become successful. Learning to read the charts is also very important and understanding all the various indicators and signals that are at your disposal. There is plenty of software available to help you accomplish this, and lots of informational binary options youtube videos available for free online.
The educational aspect of binary options is more than just learning the definition of the words as this does not make you a trader; gaining adequate experience is vital. A balance of experience and constant education will determine your level of success. Following current events can change your entire game plan as well, likewise rushing into trading can turn out very badly, so ensure that you take your time!
Know When to Look for Help
The community is more helpful than you would think. A common factor that beginners who lose money have in common is that they trade alone. It’s good to surround yourselves with people who have a common goal. Ask around before taking bonus offer, as this will lock your money with a platform and ensure that the company you are trading with is not blacklisted on the World Wide Web.
Trading two positions at once can get you lost, hence focusing on one position is important. You need to focus on two assets at most but preferably one. With different assets, you can use different strategies. Your predictions should take into account the assets that will hit your target a few times. Look for free options to get information and signals while using your free trials so that you can test signal providers.
Understanding trends are crucial to your assets and these trends should become valuable in focusing on your specific niche when trading.
State of Mind
Success in any field, particularly one as fast moving as financial markets, require a lot of confidence and a strong mentality. Your state of mind is the key to your long-term success. If and when you finally feel ready to take on the markets, there should be no doubt that you have what it takes to achieve success. If you decide that you have what it takes, it is equally important that you stay grounded as early success can cloud your judgment and give you a false perception that making money is very easy. It’s not uncommon for the greed bug to bite, once a beginner becomes over confident. But bear in mind that your winnings can disappear very quickly. The objective is to grow and learn over the long-term, as some days will certainly be less prosperous than others.
Binary options trading provides a great opportunity to make real money and possibly leave the traditional workplace behind. Most people only dream of having the flexibility of working from home, while others believe only the rich guys on Wall Street can become successful traders. In reality there are countless individuals across the world with diverse backgrounds and experiences, who are benefiting from binary options trading. All you need is some pointers and common sense. The sky is the limit for those who are willing to put in the time and effort to get there.
Keep referring to this guide in order to stay on the right track. The guidance provided for beginners here will increase your chances of success and help you on your way to become a competent trader. Numerous pitfalls wait for those who rush into trading without doing their research. You must accept the reality that binary options trading is a volatile activity; there will always be ups and downs but do not let that discourage you. Everyone is a beginner at one point or another but once you become a professional trader, don’t ever forget that you were once a newbie. Best of luck and happy trading!
Want to learn strategies in trading stocks? John Thomas can help you with that. He is a veteran trader with decades of experience you can benefit from. Look over his shoulder as he trades, learn his techniques and profit from his insights.
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Binary option is something have come to understand that it only takes those that have been into the trade for very long time to know the secret behind the trade, have also found out that brokers and they account manager don’t disclose how they make their money they prefer you lose and they keep gaining. If you find it difficult to withdraw your winning or you have lost big money from greedy brokers who are not licenced I can help you with my method to recover all that you have lost. And also if you are new in binary feel free to contact me on (email)….
Binary option is something have come to understand that it only takes those that have been into the trade for very long time to know the secret behind the trade, have also found out that brokers and they account manager don’t disclose how they make their money they prefer you lose and they keep gaining. If you find it difficult to withdraw your winning or you have lost big money from greedy brokers who are not licenced I can help you with my method to recover all that you have lost. And also if you are new in binary feel free to contact me on (email)
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How To Start in Binary Options
How to start trading
Binary options are simple, modern and exciting tools, which allow traders to make money on financial market without any specific knowledge or education. Binary trading can be defined as prediction of the price change of underlying assets, such as currency pairs, shares of major corporations, gold, coffee etc. One of the top advantages of binary options trading is that it gives traders the opportunity to generate high profits with low capital investment and control the risks, as the payout and possible loss is known in advance. Binary trading process can be broken down into several steps:
1. A trader is choosing a type of binary investment. It can be a short time trading (30 seconds, 60 seconds), day trading (15 minutes, 1 hour, etc.) or long term trading (up to several weeks). Some traders opt for features, allowing them to copy trades of their fellow traders (social trading).
2. A trader is choosing an asset to trade: currency pairs, commodities, indices or stocks. Some traders stick to a few assets, others are looking for investment opportunities within all asset classes.
3. A trader is choosing an expiry time. It can be anything from 30 seconds to several weeks! 30-second and 60-second options (turbo trading) are very popular amongst binary traders. They are risky, exciting, and a lot of fun.
4. A trader is choosing an investment amount. Minimum trading amount on Freestyle Options platform is $5 only. We make binary trading affordable and encourage our traders to minimize risks.
5. A trader is making a prediction of the asset price movement. He is pressing Call button (predicting that the price will rise by expiry) or Put button (predicting that the price will fall by expiry). If the prediction is correct, a trader receives 75-90% profit on top of the invested amount.
Important things to consider
1. Binary Options Education
Newcomers often overlook this important aspect, as binary trading is generally perceived as an easy to learn activity. Some traders unreasonably believe that after a few days of demo trading they know everything they need to know and start opening multiple positions, investing high amounts. Viewing binary options trading as “easy money” is a wrong approach that can make a trader to drain his account in a short period of time. Education, proper risk management techniques, sticking to verified trading strategies and treating binary options trading is a business, rather than a casino are very important rules of binary trading. Plan your trades and trade your plan!
2. Trading Signals, Robots and Social trading
It is much easier to make predictions, when you are relying on professional advice. Signal and robot providers employ professional analysts who study price charts, looking for various investment opportunities, and generate trading alerts. Social trading allows beginner traders to follow other traders who have years of experience, and use their expertise to place profitable trades.
If you are uncertain about what signal or robot provider to trust, look for credible reviews online and talk to your Freestyle Options account manager for recommendations.
3. Binary Options Trading Psychology
Surprisingly, not many traders realize that psychology is involved in the trading process and it plays a very important role in the outcome of their trading activity. It affects risk management approach, trading strategies, the amounts traders invest in every trade and how they handle their winning or losing trades. Being too pessimistic or on the contrary too optimistic can lead a trader to a dangerous path. A trader who can master the psychological aspects of trading and overcome his negative emotions such as fear, greed, lack of confidence, is on a right track. The rest is just a matter of education and using proper tools before the profits start rolling in.
4. Binary Trading on a Demo account (Freestyle Test-Drive charts)
Freestyle Test Drive charts is a great tool that allows traders to gain experience and make themselves familiar with Freestyle Options trading platform without spending a single dollar. Moreover all profit generated during Test-drive can be credited to a live trading account in a form of prize money! Trading on Test-drive charts will give you an opportunity to test your trading skills and build up your confidence level.
Get Started Today
Step 1. Open an Account
Open your trading account by filling in registration form . After your successful registration, you will be automatically logged in to your trading account, where you will find essential information, such as personal details, cashier and trading history tab.
Step 2. Establish a contact with your account manager
As a binary broker, we have the obligation to know who our customers are, so please expect to be asked to provide your identity verification documents. Please note that we respect privacy of our clients and do not spam their accounts or make unauthorized phone calls. Please inform your account manager about you preferred way of communication.
Step 3. Make a deposit
In order to start trading you need to make a deposit. In the Cashier section of your account you will find payment methods available in your country of residence. Prior to making a deposit, make yourself familiar with the benefits of each of our Account types.
Step 4. Start trading
Congratulations! Your account has been verified and funded. Now you are ready to start trading binary options.
Binary Options Trading
Binary options trading is a method of earning money that became available for everyone through the help of information technologies, particularly the Internet.
What are binary options and how do you make money on them?
First of all, you need to understand that a binary option is a type of exchange contract that is used to make a profit on the price movements of assets (currencies, stocks, products) in global financial markets.
Income from binary options depends not only on the price of a financial asset but also on a correct forecast, made by the market’s participant. If you want your contract to make some profit, you will need to determine the direction of movement of the price of the selected asset until the completion of the transaction. That is, you choose the time interval after which the price of the selected asset will be higher or lower than the current one. If you make a correct forecast, you earn about 85% (the rate depends on the broker) from the investment; otherwise you lose all the investment in the option. This tool is very convenient for hedging the risks of using other types of trade in the financial markets, for example, the Forex market.
Basic terms in the trading of binary options
Asset – currency pairs, indices, products, shares or other securities, on which it is possible to conclude contracts for purchase or sell (PUT or CALL).
PUT option – the deal for purchase of the option to decrease the value of the selected asset, which is issued if you expect a price reduction.
CALL option – deal for the purchase of the option to increase the value of the selected asset, which is issued if you expect the growth of the price.
One touch or OneTouch – deal for the purchase of the option where the price reaches a certain level (One Touch) or does not achieve it (No Touch) before the expiry.
Expiration – the time of the expiration date of the option, where the result is fixed on the contract.
In/Out-options – deal for the purchase of the option, in which the corridor is predicted; the price will move until the expiration (In option) in this corridor or output the price within the corridor (Out option).
Timeframe – is the time interval on the price chart.
Trading of binary options an affordable way of earning through the Internet
Many experts say that today’s binary options are the most profitable way of earning. They explain that if you want to receive a large and predetermined profit before you begin to trade, you need to define correctly the estimated direction of movement of an asset.
The uniqueness of this type of income is that you can get your profit fairly quickly. There is no need for long wait times as in anticipation of the charging of interest on a bank deposit. You can choose the time after which the system will check the forecast on the price movement of the asset.
First of all, you need to understand that binary options are not something magical that can quickly make millions without risk. It is possible to earn a large amount, and quite quickly, but it is fairly complicated and has certain risks. To obtain earnings without losses, it is necessary to learn how to predict market movements and correctly calculate the direction of change of the value of the asset.
Believe us, it is not as easy as it may seem.
What is the difference between trading binary options and trading in the Forex market?
Binary options and Forex trading surely have a significant difference. This consists mainly of the fact that in order to make profit on the Forex market, you have to ensure that quotes go in the direction of your prediction ofora significant number of points, and then you have to close the deal (full truth about Forex)! But with binary options trading, everything is different – the number of points is not important. Just one item that passes by the price in the direction of forecast will be enough for you to receive the full profit! The time of completion of the option (expiration) is known in advance, whereas in the Forex market, you set the time, so there is a risk of an unplanned significant loss. But this lossis excluded with binary options: you can’t lose more bets.
Why do you need a broker?
Before you start trading activities, you must open your trading account. You need a binary options broker for this.
A broker is a legal entity – a company that provides you with access to the financial market, where you, as a trader, carry out all the operations alone. It would be better to call the company brokerage services. This is quite a big difference. Brokers can be divided into two categories: brokers that execute transactions on behalf of the client and at the expense of the client and brokers that operate on their own, but at the expense of client. The second category is often some large financial corporation in which clients are investors and receive a percentage of the total profits of the company. But the first category is the companies whose services we use in the trading of binary options.
Platform for binary options trading
The platform is a trading terminal through which you can trade binary options anywhere and at any time. The right choice for a trading platform opens up all of the features and presets for comfortable trading. A good platform is characterized by the following:
- Quotes of the asset are presented in a large window, which helps to analyze the quotes;
- You can choose between linear and candle charts of quotes;
- It is desirable that the platform has been integrated with technical indicators through which you can create your own trading strategies;
- Profitability of options should be not lower than 85%;
- The price chart can be replayed in the trade analytics history to review the strategies, with zoom in, zoom out, etc.
Trade in binary options on Android and Apple
Traders have the opportunity to engage in optional trade without being tied to the computer. There have been mobile versions of the trading terminals in the market for a long time; through these you can carry out the trading of binary options anywhere via an Internet connection. The main difference between mobile trading and a regular trading platform is that with the mobile option, the trading platform tool will always be in your pocket!
In general, the mobile platform is just a comfortable way of having the standard platform of the broker in the palm of your hand.
Money management in the trading of binary options
The money management involves optimal and accurate strategic financial management to provide the largest possible profit. It is a science that teaches effective management of the deposit for profitable trading in the long term.
Successful trades are ensured by the adherence to one main recommendation; it is not necessary to conclude transactions that exceed five percent of your deposit.
How can you trade in binary options?
When getting started with binary options trading, you need to analyze and study the theory. For a reasonable trade, you shouldn’t move away from a simple set of rules:
1) Find complete information about binary options. Don’t think that these earnings are easy for lazy people to obtain. You should learn the theory and then you can try everything on demo practice.
2) Don’t throw all your money into trading. This is unwise. Start with «cents» and practicing on a demo account. Play it safe and take your time.
3) Choose your broker carefully. You should read reviews first and find out all of the trading conditions and what kind of services you can get from the selected company.
4) Never give your money to brokers to use on their own. The brokers are not even allowed to advise traders about anything; nor are they allowed to personally open deals from customer accounts. If you get a doubtful proposal, take your deposits and walk away without turning back.
5) When you have saved up a little money on your account, try to withdraw it. This will give you a chance to become calm and to check the honesty of the company.
6) Always remember: the deposit can be lost. Get used to this fact. If you can’t get used to it, put your money in your bank account. It will be much safer.
What is binary options trading? Is it a scam or for real?
Your activity in the financial markets won’t enable you to get rich in an instant. To earn money, you will have to work hard for a long time.
Based on the fact that binary options in the stock market are used equally with other types of trade, they fall under the legal control of the regulators of different countries. Among them, the most famous regulatory company is CySEC. There are also other companies such as FCA, NFA, FSA, ESMA, CFTC, ASIC, SIBA.
The reliability of binary options is also confirmed by the large and relevant governmental financial organizations of the countries with the most developed economies.
As far as we know, the binary options market is not regulated in the CIS. At the moment, the legislation doesn’t define the organs and mechanisms of regulation for binary options by the government of Russia and the former countries of the Soviet Union. That is why a nonstate organ currently performs the regulatory functions for the options market of the CIS – FMRRC (Center for the Regulation of Financial Markets).
How can you start trading in binary options?
1) You should explore the types of options.
2) You should estimate the current situation on the market relative to your chosen asset.
3) Find out methods for determining the contract price.
4) Find out all of the advantages with binary options compared to traditional ways of earning money. You can also read about the benefits here.
5) Make an accurate calculation of the operating expenses.
Is it possible to make money from scratch?
Yes, it is! If you want to do this, you need «to keep your finger on the pulse» and follow the news about the shares held by various brokers. Very often, traders are provided with a special promotion that allows you to try your hand at binary options trading on a real account and with real money – in other words, you are given the chance to try first without actual investing.
How much can you earn with binary options?
The value of possible earnings with binary options – the question is rhetorical and, although it is not a completely accurate answer, we will try to give you some advice that can help you earn quite a lot!
Honestly, the question is not quite correct. You can earn as much as you want! You should probably ask a different question – what do you need to do to earn a lot?
How do you trade in binary options?
There are a few success stories related to binary options; when you study this, you will be able to understand more about trading in binary options:
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