Binary options trading is a trading style which involves assets like stocks, Forex, commodities and indices. Though a style of trading, it is entirely different than regular trading. This new style of trading has attracted traders from all over the world and today there are many traders are in binary trading business.
What is binary trading?
Binary trading is a kind of all or nothing trading. As a name suggests there are only two options to bet on in binary options trading which is generally High or Low. As a trader you just need to predict the direction of the price level of a stock and as long as you can do that with a good accuracy, the binary options market is like a gold mine for you.
Binary options trading is a short time period trading kind. While the expiry time for traditional trading can be a few years, it is just a few minutes or hours in the case of binary options trading. In fact, it can be as small as 30 seconds.
If you predict the price movement of an asset correctly, you can win up to 90% of the amount you invested as the profit. However, if your prediction turns out to be incorrect, you will lose all the amount you invested in that particular trade.
Try trading now or continue reading the article below the table…
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It is quite clear that the risk factor in binary options trading is very high and so are the rewards. There is no other trading style which can nearly double your money in just a minute. At the same time there is no other trading style where you can lose all your invested amount in just one minute.
Binary trading is very easy. Even beginners can start trading in the binary options market. But trading is not the same as winning. You can start trading in the binary options market even if you are a beginner, but you may not be able to win anything.
Predicting the market movement is harder than it sounds. But if it is difficult for you to predict the market direction, you can take help of binary options signals and binary options robots. At the price of a small subscription fee, you will be able to post huge profits using a good signals service or a good robot.
How is binary trading done?
There is a huge number of websites in the binary world which provide you access to the live binary options market via their trading platform. Such websites are called binary options brokers. You need to register yourself with a binary options broker to start trading in the binary options market. Once you have opened an account, deposit an amount and you are all set to start trading.
Binary trading is really easy:
- Just go to the trading platform
- Select an asset
- Make a prediction
- Enter the amount you want to invest.
If you win you will earn a pre-defined percentage as your profit.
Thats it! Enjoy!