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How and where to trade binary options?

Updated: 9/27/2023
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Wiki User

12y ago

Best Answer

As with forex trading, there is no single options trading platform that is the best. This is because every trader has an individual need.

For example, if you are from Russian, you would be keen to trade on the RTS, Gazprom or if you were from the UK, you might be interested in trading on Barclays PLC or HSBC

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12y ago
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12y ago

Post recession, people were looking for a trading tool that could provide high profit with small investments. Recession has taught people that one should have some cushion in times of crisis and this made people search for opportunities to make some extra income. Binary trading entered the market at the right time and proved quite efficient in offering high returns with limited income. Small time investors have found a tool where they also can think of trying their luck. It is a boon for those who cannot invest big amount for the fear of losing it.

Binaries can offer good returns in a very short time. Especially in America, the rules are little in favor of investors. Here you can sell your option as soon as you feel you can earn reward. It is not the same in Europe because there you cannot sell your option until the expiry time. Investing in American options is more beneficial because after selling your option prior to its expiry time, you can invest the same money in other option and can create probability of earning more profit with trading a number of options in single day's time.

Investments were never as interesting as they are with binary options. Before investing the money, you already know your gain or loss in binary options. This form of trading is quite enjoyable as well because the investor knows what will be his maximum loss. There are no complications of trading involved in binary options as they are in traditional trading. This simple tool only requires a right estimation from the buyer to finish the trade 'in the money' that is a term used for successful binary trade.

But if you want to invest in binary options, you should be extra careful because this market is quite risky and without having the knowledge of the trade, you can put yourself in trouble. If a successful trade gives you 65%-80% return on your investment, you can face a big loss for an unsuccessful venture.

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10y ago

There are many legitimate binary options brokers where you can trade safely. Each broker provides different profit rates, bonuses, support level and other extra features. You can find some binary option broker reviews in the related link below or search online.

Search online is the best you can do for yourself, this is the only way to develope a good sense which one to choose base on your searching.

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Wiki User

7y ago

There are lots of ways to trade binary options but there is one strategy which has worked very well. Some of the good strategies are support and resistance based, martingale progression strategy. A lot of patience and dedication is required to succeed in binary options trading.

It is important to remember that binary options are very different from normal "Wall St." trading. For example, in normal trading, you can invest for days, months and years in the same stock or index. a Binary Option is more like borrowing a lot of money and investing all of it in one asset for one hour, sometimes even one minute. This is called leverage and it means that even if the asset has moved a mere 1% in value the Option can lose all it's worth or double itself.

One tricky question is WHERE to trade binary options since the platforms keep changing and the special offers are very important to get.

in most cases you can choose any trading platform: traderever.com and create demo accounts first to understand how it is done, once you choose the platform you like you can open a real money account but in this case you should get a bonus, brokers have great bonuses for new traders and you should take advantage on this, whatever they give you ask for a bit more....

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Wiki User

10y ago

TD Ameritrade, Optionsxpress, Scottrade, and Fidelity are some of the companies online that you can trade options. The fees vary from company to company.

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hadi mollaei

Lvl 3
4y ago

It teaches you (foxtejarat,com)

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Can a minor trade binary options?

yes a minor can trade binary options using his father's name. His father can deduct losses from his investment gains and use up to $3000 of losses to offset his income.


Are binary options real?

Binary options are "synthetic" options or digital options. These options are real in terms of validity of transaction, meaning that if you are in the money you will be paid your earnings for sure, and if you are out of the money, you will certainly lose some of your investment. The reason they are called synthetic is that you don't actually have to buy / sell the asset at the end of the trade, you just collect your earnings or pay your losses.


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What are binary options signals?

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What is meant by binary trading?

"Binary Trading" = "Binary Options Trading""Binary trading" is most likely referring to binary options trading - a form of investing in which you are placing you money into an agreement that will yield you 1-of-2 outcomes, either that you loose the entire amount invested, or gain a substantial return of about 60% to 85% return. Why would anyone trade binary options?The binary options trading cycle is around 15 to 30 minutes so someone who doesn't know what they are doing can loose their money very quickly, and someone that understand it can ear a significant return over the period of a day. Why its called "binary"It is called "binary" because you have only two possible outcomes. Unlike regular investments where the amount the stock, currency or commodity goes up or down will determine how much of a profit you will earn, binary options offer the possibility of either loosing the full amount, or nearly doubling it, simply by knowing the trend of the market. Where can I learn more info on binary options trading?One good place to start is to read the Wikipedia links on the following topics: check out Wikipedia for Binary OptionsCheck out wikipedia for Black-ScholesOptionsClick dot com to see what a binary options trading website looks like.top-binaryoptions dot.com to check out a few binary options trading sites that are compared.


Can you make money in binary options trading?

You can make only if you understan basic forex first. binary options based on mostly currencies, you have to know forex techniques by logic or by nature law. then you can make money with binary options.


Are binary options legal?

Binary options trading is legal in some countries, but it is banned or heavily regulated in others. It is important to check the regulations in your particular region before engaging in binary options trading to ensure compliance with the law.


Is binary options a scam?

no, forex trading, whether exchanging physical currencies or online speculation/hedging via a brokerage is completely legitimate. There may be some unscrupulous individuals or companies out there, but the act of forex trading is completely legitimate.


What binary trade options are on Forex automated trading?

Forex automatic trading is the top new technology in trading. It claims to be 100% accurate and will follow the trade cycles throughout the day. The formulas are meant to forecast the market.


How would one get information on binary options?

Information on binary options for the purposes of investing can be found in multiple ways. The most common are from sites like Daily Forex, Bee Options, Forbes, and Nadex.


Relationship between a regular call option and a binary call option?

While the CALL options remain the same for both regular and binary options, the difference being that with binary options you don't actually own the asset you are trading on. It is based on mere speculation of the market movements.


Can you trade fake money to learn in binary options trading?

Yes you can , and it is recommended that you will start trading with fake money, you will learn slowly how to trade , after you will gain enough confidence , you will than can move to real money. You must clarify with broker regarding such trade options with them. Broker must be able to provide you this facility. Trading with fake money will gain you good experience before you start with actual money trade.