Binary options trading
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Binary options – a tool for quick earnings
Private investors’ financial activity is increasingly pushing people to search for profitable tools with which to make a profit. This is quite logical, because when money simply sits in the bank it loses its value. Potential investors try to invest as profitably as possible, but not all classic methods can satisfy the needs and requirements of the people. Against this backdrop, we suggest considering a relatively new and innovative way of making a profit – binary options. In our material, we will go over the exact algorithm for making a profit using binary contracts, and we will offer recommendations for choosing an effective platform for binary trading, and several practical examples of binary trading in a stable and profitable mode.
What is binary options trading?
Binary options trading is a legal type of exchange trading in which a specialized type of contract is used. Binary options are an adapted version of the classic options contract, which is ideal for a private investor wanting to quickly earn a large amount of funds online. The main principle behind the binary contract on the exchange market is its simple algorithm in the form of a game-like bet on an increase or decrease in asset quotes over a certain period of time. Simply put, for the investor to make a profit on a binary option, they need to make a forecast on market movement for a certain financial instrument, and set the expiration term for that forecast. If the options bet is successful, the trader will receive at least 85% in profit (the maximum yield of an option is 90%); if the contract is unsuccessful, the trader will lose the amount invested in the contract:
This type of technical algorithm on the exchange market is the simplest and most affordable for a private investor and allows you to stably earn a quite large amount of money on the financial market. There are many attractive aspects of the binary option as a tool for investing funds by a private online investor, including the following:
● The high level of profitability of contracts – up to 90%
● The speed of receiving profits – the investor can set the expiration period for the contract in the range of 1 minute to 24 hours. In terms of the dynamics of capital growth, investors in binary options can safely be given the status of sports traders!
● The low threshold in the trading process – to start on the binary market only an initial investment of 10 USD/EUR is needed
● The simplest technical format for forecasting short-term market movements of underlying assets
● The ability to trade on specialized terminals from binary options brokers using a personal computer
Based on this, binary options are becoming increasingly popular among active investors with minimal capital.
What are binary brokers?
To conduct trading processes and quickly generate income on binary options, a potential binary trader will require an intermediary in the form of a broker. The use of an intermediary in binary trading is necessary due to a number of technical parameters concerning binary trading, as well as legal issues – the legislation and rules of financial regulators stipulate that only a legal entity with a special license can directly carry out activities on the exchange market. Simply put, only licensed brokers can register contracts on the global market. Thus, investment activity in binary options without a binary options broker is simply impossible. In addition to legal restrictions, brokers resolve the technical issues of options trading – these companies give investors access to specialized trading platforms that operate online on the websites of market operators.
How to choose the best binary options broker?
It is quite logical that in order to conduct effective trading on the binary market investors try to find the best brokerage company. In this regard, there are a number of issues that we will now help to effectively solve. First, the financial turnover from binary trading and trader investments attract a huge number of businesspeople to this segment of the exchange market whose task is to seize your funds. Secondly, there are several hundred binary options brokers on the market with different sets of services, and their own trading products and conditions for trading, which significantly complicates the process of choosing the most effective trading platform. And, thirdly, private investors, because of a lack of experience in options trading and stock trading, simply do not know the best parameters for profitable trading on binary options. So, how to choose the best broker for options trading? You should take into account the following set of technical parameters for the market operator:
⦁ A brokerage license from a financial market regulator – scammers and non-professional companies do not bother to obtain licenses and operate illegally
⦁ The form and technical parameters of the trading terminal – in most cases professional brokers offer their clients high-tech platforms of their own design, which are quite expensive for scammers
⦁ Trading conditions for starting on the market – high-quality trading platforms for binary trading usually put quite low requirements on the amount of initial capital
⦁ Auxiliary services in the form of training and analytics
⦁ The type of financial transactions and the time period for profit monetization
⦁ The general characteristics of the broker in the professional environment of traders
Taking these factors into account when choosing a broker for trading on the binary market will allow you to identify the most high-quality services offered by operators and will help you find a company that is safe for investment.
How should you compare binary options brokers?
Among the hundreds of operators present on the binary options market, there are many good quality, professional sites, but not all of them can perfectly suit a particular investor for professional trading. For this reason, we offer you an additional list of the comparative qualities of operators that will help you determine the most optimal conditions for your work. When choosing a company to cooperate with, use the following parameters to compare the brokerage platforms:
● The amount of initial capital and the cost of trading positions – the lowest possible parameters and the optimal ratio of the cost of trading contracts and the amount of seed capital will allow you to not only start working with options on a minimum amount of investment, but also correctly and effectively manage the risks involved in trading
● The number of technical analysis tools available on the trading platform, the speed of trading operations, and the stability of trading processes on the terminal at times of high market volatility
● The profitability of trading bets – the overall effectiveness of investor trading depends on this
● The quality and service load of the broker’s auxiliary services
● The number of financial products available for financial transactions
● The overall performance of traders – clients of the company
● The size of the client base and trading turnover on the company’s platform – this speaks to the financial stability of the company and its success on the market
Where to find the best binary options broker?
Without a doubt, the main resource for choosing and studying brokers on the binary market is the internet. You can easily find online a lot of specialized informational resources that offer reviews of companies and ratings of brokers on the binary market. In this way, it is very convenient for a potential investor to compare the performance indicators of brokerage operator services and to identify the best parameters when choosing an intermediary. In addition to the purely informative attractiveness of such resources, there is an additional advantage – on these sites traders can communicate professionally and share their personal experiences of cooperation with a particular company, which will help you form a real opinion of the broker.
The basic strategies and types of binary options
We have successfully reviewed the technical aspects of binary options trading and can proceed to the practical methods of working on the options market. But first let’s look at the types of binary options. In binary contract trading, there are many different derivatives of classic trading bets. They use more sophisticated algorithms and conditions for obtaining trading profits. We suggest conducting your investment activity on the main types of binary contracts, as they have a sufficient level of profitability and are easy to use in exchange trading. These types of contracts include bets in the turbo format – this is a classic binary option with an expiration period of 60 to 300 seconds. This is an aggressive trading mode for sports traders who profit in a highly dynamic trading way, and simple binary options are contracts with expirations from 5 minutes to 24 hours, a tool for daily measured trading, which allows the trader to profit on the market at an average pace.
To always be in the black and build up your trading capital at a good pace, the binary options investor will require a trading strategy based on the main formats of conducting financial market analysis:
● Technical – players take into account the purely technical parameters of quote movement – price levels, pattern models of chart building and quote movement, and signals from special automatic analysis tools – indicators
● Fundamental – this format of analysis utilizes news publications, market statistics, and the activities of banking system regulatory bodies and politicians as trading drivers of price movement
As an optimal and highly efficient approach to generating forecasts, we recommend using strategies based on technical analysis. They help you quickly assess the market, formulate the best possible forecasts for the expiration duration, and allow you to gain a profitable advantage on the market. For example, take the two classic trading systems – indicator and chart types. For an indicator system, we suggest a universal approach to determining market fluctuation reversals, which is built on the following analysis tools:
● MA indicators with periods of 10 and 20
● The standard MACD indicator
Based on the intersection of the lines of the automatic analysis tools in a certain direction, this toolkit forms a signal to register a trading bet in the most favorable conditions for binary trading. The correctness, speed, and accuracy of the indicator signals of this trading strategy allow investors to achieve profitable contracts at a rate of up to 90% on the market, which leads to stability of profit growth.
The next example of a binary trading strategy is based on a chart approach to defining quote movement. This method of technical analysis uses a cyclical pattern of the building of support/resistance trend levels from which price quotes of the underlying asset produce reversal movements or generate new trends upon the breakthrough of a level. To work in this format, you simply need to create a line through the market extremes, and, as a result, a level will be formed at which you can register profitable bets at a rate of up to 95% and earn very well on that:
Options bets are registered upon the rebound from the trend support in the direction of the rebound; upon the breakthrough of the level, contracts are registered in the direction of breakthrough. These situations are presented in the screenshot of the trading platform above. This mode of forecasting is fairly simple and understandable for non-professional traders on the binary market.
Mobile applications for binary trading: iPhone, iPad, and Android
In addition to the classic trading platforms for binary trading, brokerage operators offer traders a wide range of applications for options investment on mobile devices. Fans of iOS and Android gadgets can safely engage in trading at any time and anywhere with internet access. As a result, traders are given more potential and a choice of the best possible conditions and trading modes on the binary market, which positively affects the investor’s profitability results.
We have examined the technical parameters of binary options trading and practical methods of market forecasting which will allow sports traders on the binary market to get the fastest and highest returns. In conclusion, we offer an additional professional recommendation related to choosing the most professional broker with secure trading conditions and high-quality, effective trading services. As the best option for any investor, we suggest the brokerage platform from the Binomo company, the performance indicators of which we will consider in more detail.
Binomo – the history of the broker and the trading platform
The Binomo brokerage company was launched in 2014. From the very beginning, Binomo has offered traders on the binary market the most favorable conditions for investment and a set of high-quality technical services. In addition, the broker’s offshore jurisdiction in the Republic of Cyprus, and its extremely client-oriented policy of working with investors, has allowed it to quickly build up its client base and move the company to the leading position among its competitors. In 2015, the broker sparked a technical revolution on the binary market by presenting its own high-tech trading terminal which takes into account all the demands of professional traders. Thus, the company was able to strengthen its high position in the ratings of brokerage companies and continues its dynamic development. Today, the company offers its services in European countries, as well as in the African and South-East Asian markets.
Binomo’s trading platform and functionality
Binomo’s binary trading terminal is a high-tech, effective tool for investing in binary options which is equipped with a wide range of forecasting tools and offers technical services for profitable binary trading, among which are the following:
● Trading bets in Turbo mode and classic options
● Contracts with yields of up to 90%
● A trading chart with functionality settings: market history, quote scaling, chart building formats, timeframes, work area backlighting
● An indicator set of professional analysis tools
● Chart forecasting services
● A statistical service for assessing market sentiment
● Non-stop trading mode
● Bet expiration periodicity from a minute to a day
● An effective way to assess the trader’s history of trading operations
● An easy-to-use technical platform interface
A minimum-amount account and minimum bets on the Binomo broker’s platform
On the Binomo company’s trading platform, investors can start their activities under the most favorable financial conditions – the minimum initial investment at the company is 10 USD/EUR, and the cost of trading bets starts at 1 USD/EUR. Such parameters for trading conditions and the correlation between them makes it possible for the trader to work in a secure mode of risk management and begin trading on the binary market with a minimum of personal funds from the trader. This set of trading parameters from the Binomo broker is the lowest on the market.
What types of accounts are available on Binomo?
For binary options trading, the broker offers several trading account formats that have different statuses depending on the amount of funds invested:
● Demo account – this is a training account that the company offers to its clients for free. In this options trading mode, traders have the opportunity to use all the informational services on the broker’s website, as well as the trading terminal with virtual funds. This allows novice traders to obtain practical skills in options trading, and professionals are given the opportunity to test and develop strategies for free in real market conditions. In addition, the demo account allows newcomers to participate in professional tournaments with prize funds of 150 USD, which could serve as their first investment capital.
● Standard – the broker offers the minimum possible trading account size for real trading on the binary market after a capital transfer of 10 USD. This status allows investors to utilize the platform’s full informational potential, technical trading tools, and services for trading. The main distinguishing features of the Standard account are the following: options yield levels of up to 85%, a limited base of trading assets, and monetization of profits within 3 business days
● GOLD – an account with this status is offered to the trader for an initial investment of at least 500 USD. Here the investor gets the following additional opportunities: trading bets with yields of up to 86%, a wide choice of underlying assets, compensation of trading losses of up to 5% in a week, consultation with a personal manager, and a withdrawal period of 24 hours
● VIP – the trader receives this trading account status for an initial investment of at least 1,000 USD. A VIP account provides the investor with the following list of advantages: a fixed level of trading bet liquidity at 87%, the full base of trading assets, 10% loss compensation, a withdrawal period of 4 hours, a personal analyst to support the investor, and some other exclusive trading opportunities on the terminal.
What banking options does Binomo offer?
The Binomo broker offers its clients the widest range of payment instruments for financial transactions, from bank cards included in the SWIFT system to electronic payment systems offered on the world wide web. The entire list of available financial instruments is as follows: YandexMoney, Neteller, Cashier 24, QIWI, VISA, WebMoney, Union Pay, MasterCard, Alpha-Click, and Sberbank-online
How good is the broker’s support service?
The Binomo broker’s technical and client support service is worthy of respect. First, the company’s support service is available around the clock, 7 days a week, which means you can contact the company’s specialists at any time. Secondly, the broker serves both English-speaking clients and clients of other language groups. Thirdly, the support service specialists try to satisfy the client as much as possible and resolve cooperation disputes in favor of the investor. Thus, the Binomo broker’s Support service is an advantage of the company and can be considered as one of the best and most effective on the market.
Is Binomo the best binary broker?
Only an investor working with Binomo could answer this question impartially. However, it should be stated that this broker’s technological set of trading services allows investors to earn 30% more than on other trading platforms, and feedback from the company’s clients speaks to the quality and trading performance of the services and functionality of the broker. Based on this, of course, we can conclude that the Binomo broker is one of a kind on the binary market.
Without a doubt, any sphere of activity requires the participant to have a certain set of theoretical and practical skills. Against this backdrop, the confidence of beginner binary traders who have no knowledge or experience, yet want to profit in the market is truly surprising. Of course, many would say that to acquire professional knowledge in binary trading is a long, expensive, and complicated process, and that the best way to learn is from their mistakes in the course of trading. Yes, you could do that, but calculate how much you would waste in time and money on your mistakes. As a result, you cannot just arrive at a level of professionalism that would bring a high, stable income.
We offer you the easiest and most affordable way to learn binary options, which requires a minimal amount of time, is free, and has a high level of efficiency – training on the site of a binary broker! Of course, not every company can offer truly high-quality training; often small companies are limited to a simple manual in printed form. We will take the example of a training program from a large professional broker, Binomo, who has a systematic approach to learning and bases their training on innovative educational approaches.
Thus, Binomo’s system of education, which really allows you to efficiently and stably start on the binary options market, is built on the following types of theoretical materials:
- An interactive guide for beginners
- A knowledge base
- A set of video tutorials with dynamic examples
This list of approaches allows you to get the maximum amount of professional theoretical knowledge on the matter of trading processes on the binary market. At the same time, the study of materials does not take long, and it is in a simple game format, which is an excellent option for the effective learning of new information.
The next step in the system of binary options training from the Binomo broker is practical training on a demo account. It offers the client an account in which the trade operations are carried out with virtual funds. Not to be confused with virtual operations on the market! Here a trader registers a transaction on the main broker trading platform in real market conditions, on actual asset valuations and with the use of all forms of analysis. This newcomer to the terminal is not limited in the tools of analysis, the number of assets, or the expiration ranges. Simply put, the beginner has the whole set of trading terminal services at their disposal:
After receiving the theoretical and initial practical trading skills in the binary market, the client can confidently begin effective trading.
However, this binary options learning system is not all. Clients are offered constant analytical support for trading. This allows you not only to consolidate your knowledge and continue to build up experience and expertise in financial trading, but also results in high-income earnings on the market. Broker analytics are provided to traders in these formats:
- Technical analysis of the market
- News and analytical reviews
- Investment ideas
Each form of analytical material from the Binomo broker can be considered a separate trade strategy, since this load of effective information carries sufficient market data to generate high-quality forecasts for binary contracts.
In addition to the training service, the company offers clients a collection of strategies that have been tested in the market by company experts and allow for consistent earnings on binary options:
Therefore, free binary options training from the Binomo broker really gives you the opportunity for a proper start in the financial market.
Of course, you can continue spending account funds on learning trading skills, searching for your own information on the internet, or paying a huge amount of funds to a specialized business school! But it is possible to simply educate yourself on the Binomo broker’s site. The choice is yours!