Binary Options are taking off like the Witwatersrand Gold Rush of 1886. South Africans are rushing to take part in this modern form of investing which can be very lucrative.
Options24 was started to provide online traders with an in-depth guide to binary brokers, reviews, strategies & the latest news in the binary industry.
What is Binary Options Trading?
There are only two possible outcomes to an option trade; will the price of the asset rise or fall?
The payout is fixed and varies around the 80-90% mark depending on the broker. So for a simple $100 trade you can earn a return of $190!
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5 Steps to your first Binary Options Trade!
If you ready to try you hand at binary trading and think you have what it takes to make your first successful binary options trade, it’s as easy as:
- Pick a high-paying & trusted binary options broker
- Register a demo account OR opt-for a real account with a 100% deposit bonus
- Pick an asset to trade i.e. EUR/USD, GOLD
- Select investment amount
- Predict whether the price will fall or rise in a given time
After the trade closes within the specified time (for instance sixty seconds) and your prediction is correct, then you’ll automatically win.
As you can see this form of online trading offer an easy and exciting way to make money online.
Different types of Trading Options:
High Low /Call Put: This is one of the most common and easiest options available for trading binary options. In this type of trading option, the trader is required to predict whether the asset price will rise or drop within a specified time. Thus, the investor picks Call in case he/she predicts a rise or Put in case he/she expects the price to fall.
No touch: The No Touch option works in the manner similar to the Call/Put option. However, the only difference is that the trader picks a price that the asset shouldn’t touch before the period selected by him/her comes to an end. For instance, the price of a company’s share is $540 and the trader selects No Touch price of $580 with a return percentage of around 77%. In this case, when the price fails to touch $580 after the specified time period, then the trader automatically incurs profits.
30 Second trading: This particular trading type requires the trader to predict a rise or fall i.e. Call or Put in the asset’s value in thirty seconds.
Option+: This option is offered by some of the brokers and provides the investors with the option of buying back. This particular option is generally used for binary options that represent high variables among options brokers.
Boundary Options: This particular type of binary trading provides boundaries of an upper or lower definition with rates that could exist outside or inside of the specified boundary.
Types of Assets that Can Be Traded
When it comes to trading, investors have the option of trading a wide range of binary options such as Indices (including Dow Jones, Nasdaq, FTSE and others), Forex (currencies such as EUR, USD, JPY etc.), Commodities ( like Silver, Gold, Corn etc.) and Stocks (including Google, Coca Cola and several others).