In the recent years, binary options have gained huge popularity because people are finding the quick ways to earn money. They are very convenient, people can access them at the back of their home, with the help of computer and internet and they don’t require a lot of investment.
What are binary options?
Binary options are predictions of underlying assets and their performance during the designed time. For example, investors buy binary options, and if their value increases during the estimated period and they sell it, they will earn money and make a profit, in any other case they will lose money.
Even though this type of investment requires a constant worry about the time and when is the right moment to sell the option, binary options can be quite predictable, investors just need to have a little practice.
The meaning of binary options
The basic meaning of the word binary has two parts. In this case, the investor has to predict the movement of the price and either choose “call” or “put”. This is the beauty of binary options trading because the investors only have two options to choose. For example, if you predict that movement of the option will rise, you put a call option, if you think that price will decrease you a low option.
The initial step of every binary options trading is the choosing the right option to trade, for example, if the trader has an interest in silver, he will buy a binary investment in silver. The more the investor knows about the silver market, the bigger the chances are for him to make a profit.
What binary assets can investors trade?
There are four types of binary options:
Indices: Nikkei, Dow Jones, Nasdaq and many others, currency pairs: USD, GBP, AUD, EUR are just a few names of many currency pairs investors can choose. Commodities: Coffee, oil, silver, gold, corn and many others, and stocks: binary options have in their system more than 50 most respected world’s companies, such as Google, Coca-Cola, Nike, Deutsche Bank and much more.
How can investors learn to trade?
First of all, investors need to choose binary options broker and depending on that; many trading platforms have tutorial and demo accounts made to help investors get the ropes. No one will require from you to know everything from the start; that’s why they create demo accounts. Here investors have the opportunity to try the trading platform and invest the virtual money. Mostly, the minimum deposit is $250 and minimum amount per trade is $5.
What are the best binary options brokers?
So far, binary options brokers who made a lot of trust with their clients are 24Options and Banc de Binary. They offer clients various type of the accounts as well as low initial investment. The trader can decide which account he wishes to use and at a reasonable price. The both companies are located in Cyprus and fully operative since 2012.