When you invest in a binary option, you do not trade an asset – you invest in a prediction that is based on an asset. That means, you predict what will happen to an asset’s price in the near future. Learn more about the binary options basics here.
If you feel that the price of an asset will rise, you invest in a call option. If you feel that the asset’s price will fall, you invest in a put option. There are also a few more advanced binary option types that allow for more advanced predictions.
In addition to this difference, binary options also work on a much shorter time frame than conventional trading styles. Instead of having to wait for months and years to learn whether your investment will pay off, binary options allow you to win a trade in only a few minutes.
In these few minutes, however, you can make more money than you make in years with other investment types. Binary options offer payouts of up to 90 percent, which means that you can make a profit of 90 percent within a few minutes – compare that to stocks! Read our article on the binary options basics below the table.
So you want to get started in the binary options world? Congratulations, you picked a great way to invest your money. One word of caution, however: Binary options are a bit like poker. You can learn the rules in a few minutes, but mastering the strategy behind it can take years. Don’t worry, though: We will help you perfect both. Learn all about the binary options basics.
The basic premise of binary options is simple: You make a prediction about what will happen to an asset’s price. If your prediction comes true, you get the predefined profit. If your prediction is wrong, you lose the money you invested.
To be able to access the binary options market, you need to open an account with a binary options broker. These brokers provide online trading platforms and mobile apps that allow you to access the binary options market. Often, brokers also offer additional features such as trader coaching, learning tools, and market news that help you trade more successfully.
Binary options brokers differ on which assets and which binary option types they offer and on the details of their banking and payment options. To find the right broker for you, thoroughly think about what you want to do in your trading career. Then find the broker that offers the asset and the binary option types that match your personality.
In our review section, we have tested a large number of brokers and recommend the best for you. This section is a great place to start your search.
Once you have found a broker you like, you can click the link that guides you to the broker’s sign up form. Follow the simple steps, which usually involve submitting a short form and depositing money into your account, and you are all set to start trading.
Once you are ready to attack the market, we recommend you start with a demo account or use one of the many other offers by brokers to try trading without investing real money. This way, you can get familiar with binary options and make your rookie mistakes without having to pay for it with real money.
The next step is to choose the right binary options type for you. High / low options are the most popular binary options type and the slow-and-steady version of trading binary options, requiring you to predict whether the market will rise or fall over a given period of time.
With one touch options, ladder options, and other advanced option types, you also have to predict how far the market will move. While this prediction is naturally more risky, advanced option types make up for it with an increased payout. You should choose the option type that suits your personality best.
If you find it difficult to predict what the market will do next, binary options signals can help. These signals alert you to profitable trading opportunities by telling you what to invest in. They are the auto pilot to success. On our site, we have test the best signal providers for you. Read the reviews and decide on which one you like best, and you are set for a successful trading career with binary options.