Written by: Sophie May
Trading binary options is remarkably simple. Naturally, the more informed you are about the markets, the better you’ll trade. But the actual trading itself is easy to learn. This is perhaps why binary options have become so popular among those frustrated by the complexities of forex trading, and those joining the trading world for the first time.
Follow these easy steps, and you’ll master the standard binary options platforms in no time!
1. Choose your asset
What interests you? Gold? Oil? The USD/EUR? Facebook?
2. Choose your expiry time
Want to profit in 15 minutes? One hour? Or are you more confident over a day?
3. Decide if the asset will go UP or DOWN before the expiry time
Get it right and you will win about 80% of your investment!
4. Choose how much to invest
Only want to trade with $1? $100? $500? Prefer the higher profit potential of $5,000?
5. Wait for the trade to expire
At the set expiry time, you will be in-the-money and see your account balance jump up immediately, or you will lose the majority of your investment amount.
Easy. The success of your trade depends on just one essential decision: whether the asset will go up or down. The actual asset you trade, the expiry time, and how much to invest are all totally controlled by you. There are no variables, no fees, no complications, and no spreads. Only the direction of the asset is important.
Even if you take a random guess, you have a 50/50 chance of success. But you’d rather win more than half your trades, right? The best binary options traders are successful up to 80% to 90% of the time. Follow the news, inform yourself, and ask your broker for tips and trading signals. Make the right decisions and you’ll be amazed what profits you can easily achieve.