Trade Binary Options
Make Money with Binary Options
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What is a Binary Option?
Binary Options are a great way to make money online within the financial markets, without having to physically invest a lot of money and without you requiring a financial background. Very basically explained, a binary option is an investment based on a prediction as to whether a certain Commodity, Share, Forex trade or similar moves up or down within a specified time-frame on the specified market platform or asset.
The underlying assets on which most binary options are based fall into the below groups:
- Stocks
- Forex
- Indices
- Commodities
Who can Trade Binary Options?
I’d have to say that if you found this ‘binary options blog post’ you’re capable of trading Binary Options. Most brokers do insist that you are at least 18-years of age or older. Different Brokers may have varying requirements, but generally if you are no longer a minor, you can trade Binary Options.
What do you need to Trade Binary Options?
There is very little needed insofar as equipment goes. All you require is a half decent computer or laptop (notebook) with a web browser and an Internet Connection. Due to the nature of the graphs and information you will be tracking, it is advisable that you DO NOT use a mobile device (Mobile Phone or Tablet) to do Binary Options or most other forms of Online Trading. A decent size screen is highly recommended, but if you want to use a Mobile Device, then find an online broker that has a suitable app for your device
On a personal level, all you need is some spare time to trade and time to learn how to be a successful trader. You will also need some spare cash to get started. Most Binary Option Brokers will require a deposit when you open your account or at least when you want to start trading and this can vary from US$0 – US$250 pending on the broker.
Lastly, trading binary options requires determination and skills. Skills can be taught and it is recommended that you spend some time learning before you splash out large amounts of money. Whilst your ROI (Return On Investment) in Binary Options can be as high as 75%, without a good understanding, your losses can be high too.
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[note color=”#FFCC00″] What is a Binary Option?
A binary option, also referred to as a digital option or a fixed return option, is an option in which payout is determined at the onset of the contract. It pays a fixed amount of cash if the option expires in-the-money, independent of the magnitude by which the price of the underlying asset moves. anyoption™ offers you a 65%-80% payout when the option expires in-the-money. The option cannot be sold before its expiration.
Above summary provided by: anyoption.com [/note]
Disclaimer: I am personally NOT involved with Stock Trading in any form, whether it be regular share trading, forex trading or making money with binary options. Whilst these are all great ways to invest and make money, I simply have not had the time to get involved personally. I did the research and the information on this page is a result of that research.
