Binary trading options are highly powerful trades that have only been on the trading front for a few years. These types of options were once only for traders at big banks with large sums of money available for trade. Now, you can trade in binaries with deposits as small as $100, some places even less.
If you are knowledgeable about bullish (prices are rising) or bearish (prices are lowering) markets and commodities, and you have a handle on the markets, you can make money by trading in binaries. All you need to do is predict whether the market will rise, buy a call, and if the market goes up you make money. Or on the reverse, predict the commodity will fall within a period of time and you will also make money. It is as simple as those scenarios. You do not have to buy and hold, just trade in the direction of the market.
What are Binary Options?
At the beginning of your trade you know how much you risk and how much you will make in a specified period of time. Binaries have short durations of up to a few days or hours or even minutes. Positions close very fast and you know your results quickly.
Trading in markets in the old-fashioned way traders keep their positions unknown for a period of time. The prices on assets went up and down every day due to market fluctuations. With digital options (or binaries) you do not have fluctuations. You are either in the money or out of the money (hence the name “binary.”)
With just the click of the mouse you can trade large cap stocks and in the leading stock indices. You can also trade with currency pairs, silver or gold or oil and petroleum, and specific bonds. There is no other platform where you can trade stocks, commodities, currencies and indices quickly and simply. Remember that binaries are not proxies or even ETFs, they are real assets.
Trade in binaries and realize the simplicity and ease of use. You can train on platforms using software provided for free. This software and the platforms provide real-time quotations, monitoring, reporting and trading. Just make a correct prediction and you are in the money.
Determine whether or not your chosen commodity will go up or down. If you feel that prices will rise (bullish) place a call. If you feel that the option will fall (bearish) then predict a falling price. There are also options that stay within a range. You just need to predict that the asset will not fall or rise, just the vague range. Use the tools that are on your platform. Tailor them to your precise requirements, bid and shoot for the money.
There are currently no specific numbers concerning how many people have made money trading in binaries. But it is a fact that your chance of making a good profit is definitely higher than with traditional trading, many have come to find. And binary options trading is really exciting!