Binary options are a type of online trading, where you as a trader predict thru web or mobile platform, whether the price of a certain underlying asset will go up or down. Under the term — underlying assets we have in mind stocks of major companies like Google, Microsoft, FB…, currency pairs, indexes and commodities silver, oil, gold…. In case, that your prediction will be correct you earn fixed sum, which you are aware of even before placing an investment.
Beware, though at first glance it looks simple, binary options trading is not as easy as some portals may and do say. An investor who does not have any previous experience with the market and does not plan to acquire them can expect a great loss. We actively trade, write educational articles, news, we verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns.
We also have a list of good sources for further reading outside our website books, tutorials, papers and films and a list of helpful supportive tools. In our first step, we choose an asset we want to trade. But you can choose any other underlying asset, the choice is totally up to you. There are about underlying assets which we can trade, each asset has different profitability.
In the second step, we decide, when our trade should end and evaluate. Now we did get to the most important point, where we have to decide, whether the price of our option will go Up, or Down. When you trade classic binary options, only one of these three situations can occur. One of the main reasons is that because you can use binary strategies, which are capable of helping you to create a majority of successful trades.
In practice, however, one can never predict all trades accurately. It depends entirely on you. However, with a bad strategy or even without a strategy you can just as quickly lose it.
The basis is to be as patient as possible and to hold to your selected strategy, which you know that works for example from a demo account.
Binary options trading is about a long-term profit and not about making one or even a row of successful or unsuccessful trade. Any kind of trading or investing is risky and you have to count with that. If you enter the world of trading you should invest only such amounts that you can afford to lose.
Some fraudulent servers or even scams may encourage you to borrow money from your friends or family members, if necessary because it is a guaranteed thing that your investment will return.
But we are a serious portal and we most certainly do not advocate such a claim. Although binary options have a great advantage that the risk is eliminated only to your investment into the trade, we, binary traders still operate on a market, and there are no guarantees.
The market is merciful only for those who are prepared and know the risks. Some newbies try to do this by guessing and they usually determine the future price direction just according to the chart which is provided to them by the broker.
I would not be afraid to state that such trades are completely random and made without using any strategy. But that is not the way we trade at TradingBeasts. These strategies can significantly help you to increase your overall success rate.
They also allow you to constantly improve because all the created trades have a meaning and they have been built based on a specific pattern. Which means you can repeat them, results which you are capable of repeating usually mean success. A great advantage of binary options is that if the price changes only by a single pip to your direction , you receive a full profit from the trade. You entered a trade at a moment when the oil price was set up to a value of 1. A minute trade ended at the price 1.
For traders who do not have a lot of experience with trading or none , the demo account is a perfect opportunity to try everything out without giving at stake your own money.
The demo version works on entirely the same principle as a real account, the only thing which is different is that you are trading with imaginary chips. Most brokers offer this practice account right after you load your real account with at least the minimum deposit. For more information read our separate article: A binary broker is a company that arranges the transaction between a buyer and a seller. It is basically a place where you can trade. Every broker has a web platform, so no downloading is needed.
There are dozens of brokers or even a hundreds of them. And if you are looking for a reliable and a trustworthy broker who cares about their traders you need to look for certain aspects. A licence is obtained by a broker in exchange for a large fee to the regulatory authorities. These authorities are responsible for a constant supervision over the broker and over all their actions. These authorities can be contacted in case of any problem with the broker. They will try to solve the problem or even make a compensation.
Apart from a credibility, we should focus on payouts, minimum deposit and minimum investment. We should also find out whether our broker provides a demo account if we plan on using it. Traders who do not speak English can also appreciate a trading platform and a customer support in their native language. On our website, you may find many brokerages reviews, but currently, we mostly recommend just two brokers, mainly for their credibility and offer: Both of them have their own advantages which can be found in separate reviews.
All recommended brokers went thru our testing process. In a 3 month period, we act as a regular trader and we actively create trades as any other trader. The fact that a broker makes it to the selection of recommended brokers does not necessarily mean that it will stay there forever. In case that the broker is not capable of maintaining high-quality services as on the beginning, we reduce the rating of the broker on the website or we even completely remove it from the list of our recommended brokers.
Over 20,, accounts since , join millions of traders and start trading with. IQ Option Our Rating: Read and study with TradingBeasts. The Ultimate binary options guide — and other articles in our Academy What reliable binary brokers we have tested and we use for our trades. How to create a demo account for trading with virtual money. What my profit will be like?
Is binary trading risky? How can I determine, whether the price will go Up or Down? Binary options and its advantages A great advantage of binary options is that if the price changes only by a single pip to your direction , you receive a full profit from the trade. Is it possible to try out binary trading?
Risk-free Demo account For traders who do not have a lot of experience with trading or none , the demo account is a perfect opportunity to try everything out without giving at stake your own money. Over 20,, accounts since , join millions of traders and start trading with www.
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