Trading binary options allows you to trade a wide selection of financial assets such as currencies, stocks, indices and commodities without having to purchase the underlying asset.
Trading binary options is therefore affordable. While you can fund your trading account to your heart’s content, you can also trade small amounts, with some brokers allowing trades from as little as $1. And unlike other investment vehicles, typical returns for successful binary options trade range from 70-91%, – compared to Forex (for example) which usually yields lower returns of approximately 10%.
Because you can trade binary options with minimal funds, and you know from the outset what exactly you stand to win and lose (in the event your trade is unsuccessful), there are no
unpleasant, hidden surprises. And you are not subject to the dangers of excessive leverage or margin calls.
With binary options you can execute numerous trades in a short time span – far more than when investing in more traditional financial trading methods. Binary options trading has a fast turnover – depending on asset class trades expiry times can range from 15 minute intervals up to a week. Imagine how many trades you can execute in a day! And compare these trading conditions to traditional investments that can from months to years’ holding times in order to secure a profit, and you can see the appeal of trading binaries.
We all work hard for our money. While some traders have a natural talent and just go in with all guns blazing to trade the markets – and are successful at it – we recommend that us mere mortals start trading on a demo account. Happily, many brokers offer demo accounts that enable you to sharpen your trading skills prior to investing real funds into the market.
Have a look at our Broker Review Section to see which brokers offer demo accounts and whether they require a minimum deposit to trade with it.
Binary Options brokers are known to offer user-friendly, intuitive platforms that offer all the tools you need to trade successfully. The best brokers ensure that the sign-up process is as simple as possible in line with KYC (Know Your Customer) regulations. It is a straight forward process to funding your account, selecting the financial asset you wish to trade, your investment amount, and your prediction on which way the market will move in relation to that particular asset. Then just select an expiry time, sit back and await the outcome of your trade.
Your broker of choice should offer a range of tools suited to your individual trading skill level, but also offer advanced tools and educational resources to support you on your trading path. Just as the markets never stop, so too should your incentive to continually hone your trading skills.
Trading binary options allows you to trade a wide range of assets previously not available to, or affordable for, every day investors. Because trading binary options means you trade on the
predicted value of an asset class, without having to purchase the underlying asset class itself, you have far more opportunity to trade different assets that would normally be unaffordable. In the extensive range of currencies, metals, commodities, stocks and indices on offer, there is
something to spark the interest of every trader.
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