Binary options are a way of trading with only two possible outcomes profit or loss. It is trading of the forecasting of asset in the period of one 60seconds,120 seconds, 5 minutes, 10 minutes, 15 minutes, 30 minutes, one hour, end of the day,end of the week or end of the month time frame expiry. I predict that gold will trade at a lower to the end of the day. When the market closes at the end of the day, I will know that I would made a profit or loss. If the price is lower than If I made a prediction I have achieved a profit. It is simple. The yield is paid when the option expires. In binary options trading you know in advance how much you’ll earn or lost. It is usually payout 70-85% return on investment amount.
The most important is to choose the best broker or top rated broker. They are the best broekrs if they are being regulated by the law. Mostly of top rated brokers are located in Cypruse. Also they have the best customer support team, education webinars, financial news,account manager and free demo account to be practice. Trading platform is 100% web based and no needed to download. They can provide social trading. It can be copied trades by top rated traders. It can use mobile trading platform for smartphones.
The first step is to register by broker. It can be used demo account and practice how to trade. It is simple to use. Choose the asset what you want to trade. Will the EUR/USD will be higher/lower in the next five minute? You have to set up investment amount. Nevers use more than 5% risk management. If you deposited account $200 you can use $10 per trade. When you set up investment amount per trade you can be ready to execute the trade. If you think the price will be risen you can choose and press the button call. Trade will be executed. You have to wait five minutes time frame expiry. If your strike price on EUR/USD was 1.12900 and expired price was 1.12901 you had wiining trade and you make 85% payout. Your return on investment was $8.5. If the price expires 1.12899 you lost $10.As you can see it needs only one point to expiry higher/lower and the trade will be recorded in the money/out of the money.
After one months practice demo account you can deposit the money and start trading. The step learning will improve. The best aways for beginner traders is to use only one trading assets for trading. The most traded assets are EUR/USD, USD/JPY and GBP/USD. It is included gold, oil and silver. The tarding platform consists of binary options cuurency pairs, commodities, indices and stocks. It usualy provides more than 200 trading assets. You can trade short and long time frame expiry. It usually touch/no touch trading startegies can offer higher payout to %500 per trade. At the beiginning of tarding you should avoid them.
My final taught could be trade smart. Not to be greedy. Trade only 10 trades per week or 1-2 per day. If you make 3 consecutive winning trade you can stop trading. If you lost one trade you have to stop trading. Avoid to trade during the holidays, on Monday and on Friday. The best days for trading are Tuesday, Wednesday and Thurdsday. The best tarding hours are when London and New York overlap 8.30am-12.00pm by EST time zone. Happy trading.
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