First of all – what is binary options trading?
Well, binary options trading has ties to the stock market, but there is no buying nor selling. All you do when it comes to binary options trading is predict the change of one or more assets for the near future. So, let’s say you are somewhat of an expert when it comes to oil. You know everything there is to know about it and how it behaved in the past. By taking all aspects into consideration and its current value on the market, you will probably be able to determine whether its prices will rise or drop.
Now, if you are highly positive about your prediction you can place money on that prediction and expect around seventy to ninety percent money back in winnings if you are, of course, correct. However, even if you predict wrong, you will still get some five to fifteen percent money back from your initial sum.
Binary options trading is not bound by how much the asset costs which means anyone can bet on anything. Even if something costs five hundred thousand dollars, you can still place a bet on it simply because you aren’t buying anything. You don’t need a huge amount of money to get started with binary options trading, and that is the beauty of it. The potential for trading is almost infinite and what’s even more important its very flexible. You can use almost any commodity or currency, bonds or indices.
One of the main reasons why people switch to binary options trading is because it’s extremely simple to set up and use. You won’t need more than ten minutes to set up your account and start trading. All you will have to do is find the right broker, sign up and deposit some money into your account.
Now, about the money. Some people think that the best strategy is to place no more than 2.5 percent of your total sum on the account on one trade, which means if you want to take the safe road, you will have to deposit a bit more money. However, there is no limit on how many times you can deposit money into your account which means you can deposit a hundred dollars first and if you spend all your money you can always deposit more. One piece of advice, if you are new to this method, you can always use the demo mode which quite a few websites offer. This method allows you to use the imaginary money on real trades and get some experience on how the whole thing works. Once you get the hang of it, you can always switch to real money and start earning. Visit 10 Best Binary Robots.
One of the best things about binary options trading is that it’s quick if you want it to be, of course. You can predict the change of an asset in the next thirty seconds. So imagine that you can be every thirty seconds and get immediate results. No wonder people get rich using this method.