Binary options trading is a new style of trading in which you have only two options to trade: Call and Put. In binary options trading you have to predict the price direction of an asset. If you feel that the price will go up, you can trade the Call option. Similarly, if you feel that the price level of an asset will fall, you can trade the Put option.
Binary options trading has distinct advantages over the regular trading.
In binary options trading the potential of making money is very high. You can earn up to 90% of your invested money. The time period for binary options trading is very small as compared to the regular trading. It can be as small as 30 seconds and generally it is less than a day.
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Anyone can start to trade in the binary options market. It is easy and can be very rewarding. The risk factor in binary options trading is high. If you make an incorrect prediction, you will lose all the invested amount.
For trading in the binary option market you need a trading platform. There are various websites to provide a trading platform. Such websites are known as binary options brokers. The binary options brokers offer additional services like account manager, daily marker analysis, market news etc. as well.
The binary options brokers have different terms and conditions regarding the deposit, withdrawal, bonus, payouts, membership plans etc. You should keep your trading needs in mind and select a binary options broker accordingly. You will find the reviews of various binary options brokers on our website very useful in selecting a suitable broker.
Once you have decided which binary options broker to select, click the corresponding link on our website to go to the “open account” page of the website and enter some personal details to register yourself. Then you must deposit an amount which should be equal to or greater than the minimum deposit amount of your binary options broker.
Now you are all set to start trading. It is recommended that you start off with the demo account of your binary options broker. A demo account will help you have a practical experience of trading in the binary options market. You will also be able to get familiar with your binary option broker’s trading platform. Once you feel confident you can start trading in the live market with real money.
In your binary options broker’s trading platform you will find various trading styles like High/Low, 60 Seconds, One Touch, Boundary etc. The most popular trading types are High/Low and 60 Seconds. In High/Low you just have to predict if the price level of an asset will be higher or lower than the current price level. You can select the expiry time in High/Low trading type but in case of 60 Seconds trading it is strictly one minute. You can refer to the advanced binary options guide on our website to attain a higher accuracy.
If you are facing difficulty in predicting the market movement correctly you can use binary options signals or binary options robots. At the cost of a small subscription fee you will be able to achieve a high winning percentage.