Why Trade Binary Options Online
May 25, 2016
Binary Option trading is actually considered to be gambling, as it requires very little knowledge of the stock market to trade. Why trade binary options online? It’s because you can easily hit the jackpot.
To trade Binary Options online, you need a computer, and the Internet. You predict how the underlying asset will move, and then win or lose accordingly.
The reason why trading binary options online has become so popular is that nobody needs to know what you’re up to. You can get all the information you need online and seriously educate yourself. You can place orders to buy and sell, and stand the chance to make quite a bit of money without anyone knowing where your additional income is coming from. Not even a broker needs to know, and you do this all from the comfort of your home.
Understand How Binaries Option actually Work
If you do choose a broker, you will deposit your trading money with them, via credit card usually.
You then choose an asset. You can trade all major currencies, stocks, indices, and commodities, on an international scale. You will then have to decide if you think the asset will go up or down in price. You choose a time-frame in which you predict the movement of your chosen asset. With the help of your broker you select the amount you want to risk on this bet/prediction.You then click on the relevant button, and trading begins.
The time-lines under which your trading is done, are very strict. If you like things to happen in a shorter time-span, you will choose 60 second or 5 minute options. If you prefer waiting you can try 60 minute trades or even longer.
Reasons Why You Should Trade Binary Options Online
- Quick to sign up with top platform
- Trade whenever you want 24 hours a day, 7 days a week, even over weekends.
- Choose a time-frame that suits you, 10 seconds to 365 days.
- You can trade all markets in all conditions – rise, fall, quiet, or volatile.
- For either professional traders, or beginners.
- You can trade confidently with pricing usually reserved for the big, experienced traders.
- You can trade according to your own personal budget. Start small until you gain experience, or go big right from the start.
- As a novice you can go with your gut feel, and still win.
- You will be aware of your risks at all times.
- There are no hidden fees, or any unknown commissions.
- If you have any longer time-frame trades, you may sell them at market prices before they retire.
- You will be able to choose trades with a low probability of winning, and then win big, or if you are new to the game, choose a trade with a high probability of winning and win small, safely.
- The range of trades is mind-boggling. With over a million different assets to choose from, you can go for currencies, stock indices, or commodities such as gold and oil.
- Financial advantages are that you pay no Capital gains tax on Binary Options, as in the UK they are licensed as betting! This is because you need to guess if the assets are going to move up or down.
- There are many different ways to handle your account: credit or debit cards, e-cash, e-wallets.
- You may deposit or withdraw from this account 24 hours a day, 7 days a week.
- Right from the beginning, when you predict and set your price, you will know you will either win, or only lose the amount you staked.
- You may start small if you feel safer, as little as 2$.
- It is very easy to open your account.
- Choose a market condition to suit you –
▪a market that is rising and falling
▪a quiet market
▪a volatile market
▪choose short-term or long-term time-frames
- At the end of your chosen time-frame you will see your win immediately. There is no waiting for months to claim your win.
One word of warning though, to trade binary options online successfully you must consider this a business to make money, and not just another get-rich-quick scheme.
To sign up FREE to train and trade please go here
All info was correct at time of publishing