Binary Options Trading is not merely one of the most recent developments in the field of online trading, but at the same time it’s very easy to handle. In this article I’ll show you how uncomplicated binary options trading really is, based on an instruction including accompanying illustrations.
Binary options trading doesn’t require complicated calculations!
Binary options trading is very easy! The only thing you need to indicate while practicing binary options trading is whether a currency pair (or another asset) will be going to rise or drop. Subsequently you’ll have to select the expiration time and the amount of money you want to invest.
At the expiration time there are two possibilities:
- IN THE MONEY: You’ll receive a profit which can be as high as 90%!
- OUT OF THE MONEY: You’ll lose (a part of) your investment.
1. Select the asset which you want to trade
At the binary options broker Banc de Binary you can choose out of several currency pairs, stocks, indices and commodities.
First of all you’ll have to choose the asset, which you want to trade. On the illustration below you can see a dropdown list showing the various currencies. Through scrolling further down, you’ll also be able to select other assets.
Close to each asset the payment percentage is being reproduced. This way you can see on the illustration that the payment referring to AUD/USD in this case amounts to 90%.
2. Make a choice between the various expiration times
At the binary options broker Banc de Binary you can make a choice out of various expiration times, among which periods of 15 minutes, 30 minutes, 1 hour and at day’s end. You can select the time of expiration on the right side of the chart by means of a dropdown list, like is being shown on the illustration below.
3. Choose between a CALL option or a PUT option
Subsequently you’ll have to indicate whether you think if the price or a currency pair (or any other asset) is going to rise or drop. In this case you’ll have the possibility to make a choice out of two options, namely a CALL option or a PUT option. When you expect the price is going to rise within the expiration term, you take a CALL option and you take a PUT option when you expect the price is going to drop within the expiration term.
- CALL – Click on the green “UP”-icon if you think that the price is going to rise within the expiration term.
- PUT – Click on the red “Down”-icon if you think that the price is going to drop within the expiration term.
4. Indicate what amount you want to invest
Eventually you’ll have to indicate the amount of money you want to invest. When your position ends up IN THE MONEY, you’ll immediately see the amount of money you’re going to receive and you’ll also see the amount of money you’re going to receive when your position ends up OUT OF THE MONEY.
If you click on “Apply”, your position will be opened and the only thing you’ll have to do is waiting until the term of expiration has been elapsed, as a result of which you’ll be visually informed whether your position has ended up IN THE MONEY or OUT OF THE MONEY.
As you could have been able to read, binary options trading is quite easy to handle. On Online Forex Strategy you’ll also have the opportunity to download a free trading system for trading binary options. Apart from this, you’ll also have the opportunity to read more than 40 strategy articles to be able to get optimally prepared.
If you open an account at Banc de Binary, you’ll be able to start practicing binary options trading with $1 contracts!