Since the binary option appeared in 2008, its success in the trading market has continued to grow. This is, in fact, the simplest practice for those who are new to trading and want to make money fast. But how does this kind of stock market speculation work? Are there any pitfalls to avoid? And what are the tips to increase your chances of winning? In order to know everything about binary options, here is our guide:
Start trading binary options
With the advent of online tools, binary options trading have become more accessible, even by the general public. Indeed, it is no longer necessary to confide in a professional to be able to launch and speculate on the stock markets. Online platforms make things easy and already provide all the necessary elements for trading.
To begin, you have to accomplish the following steps:
- Register with a specialized site, which is also called “broker” or “broker”, registration is done directly online via a dedicated form
- Supply your trading account by making a first deposit minimum
The principle of the binary option is simple. This practice consists, overall, in guessing whether the price of an asset will rise or fall at the end of an expiry period determined in advance. If the trader sees right, he pockets a certain profile. In this case, he loses his bet. The trading conditions applied depend, of course, trading platforms, but in principle, the winning rates vary between 65 and 95% of the initial bet. The amount of the first deposit is also variable, usually between € 100 and € 250. Some sites allow, moreover, to recover his money in case of loss, about 5 to 25%, while others do not offer any possibility of refund.
Thus, the choice of a broker is decisive in terms of trading. The conditions of speculation have a direct impact on the amount of profits, losses, but also on the chances of winning. Although the basic principle remains the same, there are, in fact, different options offered by the platforms and, as a bonus, the tools available also play a major role in the assimilation and realization of transactions.
How to avoid scams?
But if the selection of the broker is essential, it is not only for the benefits offered, but also – and moreover – especially to avoid being fooled. As any online practice, trading is indeed subject to scams and, particularly since the arrival of binary options; malicious platforms are becoming more numerous on the internet. To avoid being a victim, caution is needed. You can make a visit to https://fraudbroker.com/binary-options-trading/ for more guidance in this.
Always choose a regulated broker: Before registering on a trading site, first start by learning about its legality in the market. The certifications and approvals of the broker are a guarantee of security for the trader.