WHAT CAN YOU TRADE?

With binary options, you can trade all of the major currency pairs, stocks, indices, and commodities. The exciting thing is that you are not limited to any one place. Whether you want to trade gold futures, Appleís stock, or the Japanese yen, you can do it all from the same platform. You can also trade on an international scale without having to change brokers. Many of the top brokers include numerous stocks and indices from Europe and Asia, allowing international traders to use their platforms without problem. The good news for you is that brokers act as a one stop shopping place for all of your trading needs. You can trade pretty much everything with the same web site without having to keep switching screens.

HOW LONG DO TRADES LAST?

With binary options, itís important to remember that all of your trades will have strict time lines that you need to pay attention to. Some of these can be pretty short or they can last a bit longer. Ultimately, you will need to decide what timeframes work best for you. If you donít like having money tied up in a trade for a long time, 60 second or 5 minute options might be best for you. If you donít mind waiting, you can trade hour long trades or longer.

The thing to remember about expiry times is that they are adaptable only up until you commit to the trade. Once the trade is locked in, you must sit back and wait. This is different from other types of trading where you can sell off your purchased shares at any time you want, but it is a fact of options trading that you cannot get around. Some brokers will allow you to sell off your trade for a small refund, but this is a rare scenario that you shouldnít worry about until you become an advanced trader. Instead, itís far more important to spend time researching trades beforehand.