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Thread: How Do You Get Started In Binary Options Trading?

  1. #1

    How Do You Get Started In Binary Options Trading?

    Know what it is, do your research and sign up

    First you need to know what are binary options? After you know what they are then you need to know how they work, if they are for you or not and how you start trading in binary options.
    So lets step you through our mini guide of binary options trading for beginners and see how you can get started today.
    A beginners guide to binary options

    Binary options are a form of financial betting. You can make a bet or trade on whether the price of an asset of your choosing will go up or down over a fixed period of time. However unlike some other forms of betting online you know the risks before you press the trade button.
    An example would be: You bet 10 that the price of oil will rise over a period of 1 day. So you place a Call on the binary option oil. Once you have chosen your bet value, asset and direction you will then be given the percentage you stand to make. If your prediction is correct and you land ‘In the Money’ you stand to receive 89% of your bet plus your bet back. Giving you in this case a profit of 8.90.
    However if you don’t predict the direction of the binary option correctly and you land ‘Out of the Money’ then you lose your initial bet of 10. This is fixed odds betting in action, except not on sports like is typically associated with this kind of betting but on binary options. Be aware that some brokers do give you a percentage of your bet back typically between 5-15% if you do land ‘Out of the Money’ so you don’t lose everything. This will be indicated before you make your bets.
    It’s pretty simple right? Well in it’s simplest form it is, however there are various ways you can reduce your risk when trading binary options online. There are various strategies, tips and indicators to help you make the most profit from each trade you do. We go through more on these in other sections of the site so be sure to check them out.
    Last edited by Panic! At the D; 09-14-2017 at 09:13 AM.

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