Bet the Rand Against the Dollar
March 17, 2015
Leading international options trading platform, Boss Capital, now offers Rand Against the Dollar trading (USD/ZAR) with huge upsides for successful trades.
South Africans now have the opportunity to use their knowledge of local economic conditions to SCORE BIG online in Binary Options markets.
Anyone over 18 years of age in South Africa can participate in Binary Options trading.
WHAT ARE BINARY OPTIONS?
When trading Binary Options you simply predict if the asset’s value is going to rise or fall by the expiry time which is set in advance. This can be
- 60 seconds
You know up front what the payout will be as it is fixed. The payout occurs immediately upon the expiry.
Binary options involve pairs of currencies or pairs where traders predict what the movement of prices will be between the pairs. Popular currency pairs include US dollar and Euro (USD/EUR), US dollar and Australian dollar (USD/AUD) and of course the US dollar and South African (USD/ZAR) for rand against dollar trading.
Traders make their predictions during the periods when the main stock markets of the world are in operation as the price movements relate to the real trading on these markets.
Sign up FREE here to train and trade
HOW TO BET THE RAND AGAINST THE DOLLAR
It’s easy to bet the rand against the dollar at Boss Capital. If you think the rand will DECREASE in value against the DOLLAR over the next day, week, month or even the next 30 minutes or 60 seconds, you buy a CALL OPTION. If in your opinion the rand will INCREASE in value against the dollar over a specified time period you buy a PUT OPTION.
The upside is huge. You can earn an average 85% profit on the price of your option every time you end “in the money”. If the price does not move at all you get back the price of the original trade in full.
Example: say you think the US dollar will decrease against the rand in the next 30 mins. Say you wish to buy a Binary Option for $20. You place the order and press the UP button. In 30 mins one of three things will happen:
1. The contract will expire IN THE MONEY (you receive $37 i.e. $20 plus 85% which is $17)
2. The contract expires OUT THE MONEY (you relinquish $20)
3. There is no movement at all since time of trade (you are refunded $20)
You can make unlimited trades, or trades at second or minute intervals. It’s up to you. And you can make withdrawals at any time.
WHAT YOU NEED TO BET THE RAND AGAINST THE DOLLAR
1. You can trade on PC, Smartphones, iPads, laptops
2. You need a reliable internet connection
3. FREE ACCOUNT with Boss Capital, the only recommended platform that offers rand/dollar pairs. SIGN UP HERE WITH BOSS CAPITAL
4. Credit card for making initial deposit. Boss Capital requires a first time deposit of $200 (roughly R2000 depending on the exchange rate at transaction time). You can make a wire transfer if you prefer.
5. Start trading!
The support you get from Boss Capital is huge. There are free video courses, free ebooks, free real time market information and also Live Chat. An assistant will phone you as soon as you sign up. You are never alone when trading Binary Options.
In addition to trading in currency pairs, at Boss Capital traders can predict the price movements of shares like Apple, Google and BMW and the price movements of stock market indices and commodity prices such as Gold, Oil and Silver. Boss Capital offers 118 assets in which you can instantly trade and the number is growing daily.
Read our neutral review of Boss Capital here.
Watch the video below to get a good idea of how a person without knowledge of the financial markets can make money trading Binary Options.
All info was correct at time of publishing