Trader’s Guide to Binary Options Trading Platforms
Enhancing Trading Success via Trading Platforms!
The worldwide popularity of binary options trading has sparked tremendous interest among traders regarding the attributes of binary options platforms. At their very core, binary options are digital options, or fixed return options. One of the leading binary options brokers Banc de Binary provides traders with a fully functional, robust and user-friendly trading platform. The benefits of trading options are many, including the fact that these all or nothing options have only one possible outcome. Traders can either enjoy profits or losses. If the option ends in the money, traders profit, while the converse holds true too. These are a preferred trading option for many investors since losses are limited to the contract value of the chosen commodity. Regardless of the tradable asset selected, the most important criterion is the selection of the binary options platform. The majority of online traders prefer web-based trading platforms that offer one quick click access to the worldwide markets.
Binary Trading Platform Options
There are 4 commonly traded assets with binary options. These include stocks, indices, commodities and currencies. As a case in point, Banc de Binary provides traders with real-time charts and trading graphics that range from 30 min – one hour – two hours – four hours – eight hours – 12 hours. Traders can customize their market analysis based on these time intervals. Among the most popular currency pairs are the following: EUR/USD (up or down), USD/JPY (up or down), and AUD/USD (up or down). Of course, scores of other currency options are available to traders, but the essence of a binary options trading platform is the same. Traders simply decide whether to place a call option or a put option. A call option is for traders feeling bullish about the future expected value of the currency, while a put option is for traders feeling bearish about the future expected value. The easy-to-use functionality on site instantly provides traders with an expected payout percentage (typically 70% or higher) and the potential payout amount. As a case in point, traders can bet on the currency pairs (or other assets) and forecast the future payout percentage. It is important to choose the amount and the expiry time for each specific asset that has been selected. Binary options trading platforms provide 4 investment options. These include the following:
- Long Term
- 60 Seconds
- One Touch
- Pairs
It is important to choose a binary options trading platform that offers you returns in the region of 65% to 70% at minimum. Note that you will always know your potential payout percentage in advance with binary options, unlike other investment opportunities which can incur large potential losses. With binary options contracts, traders are paid a fixed return – regardless of the value of the price movement. In other words, the only thing that is important with binary options trading is the direction of movement – not the value that it moved. Returns in the region of 65% to 70% at minimum should only be considered. In the absence of such returns, the risk/reward ratio is simply not worth the effort. If possible, it’s always a good idea to select a binary options trading platform that provides payback for options that expire out of the money. This is a rarity, but it is certainly a boon if you can find one. Of paramount importance to any serious or intending binary options trader is the selection of a platform supporting multiple currencies. Variety certainly is the spice of life, and so it is true with a binary trading platform. As mentioned earlier, the most important currencies that need to be supported are the Great British Pound, the Euro, the US Dollar, the Australian Dollar, the Canadian Dollar, Japanese Yen and others.
Safety and Security are Paramount
All reputable and regulated binary options trading providers provide 100% safety and security for all traders. The integrity of all trader information should be watertight at all times. At minimum, secure socket layer encryption (SSL technology 128 bit) and advanced security protocols are a requirement. Additionally 24/7, 5 days a week customer support is a valuable option. Binary options trading providers with technical support services certainly warrants careful consideration over others. In addition to a wide range of safe and secure deposit options, traders need to ensure that they can withdraw their funds safely, securely and easily. A binary options trading platform that does not support easy withdrawals of funds is not worth considering. Check the terms and conditions associated with your preferred binary options broker before you deposit funds.