How to Get Started with Binary Options Trading
50% to 90% Of the Battle in Trading for Victory is in Your Head and Heart. Learn. Learn. Learn! Because trading strategies and systems will get a "whole lot easier" when you have the knowledge paired with the understanding.
Many people shy away from this type of investment because they are misinformed or lack knowledge about it. However, they could be missing out on some profitable trades.
Welcome to the Binary Options South Africa website, a source for South African traders to have a successful binary options trading experience. Read more...
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The latest kid on the block that claims to make trading forex and binary options a simple task is called FXMasterBot. The software has brought a great deal of advanced functions to the market including the ability to trade both types of options at the same time.
Take advantage of the information offered on to get a better understanding of trading binary options and forex trading .
It is advisable not to bet more than 5% of one’s capital in one position. Thus, if you have € 1000 on your binary option account, it is not advisable to bet more than € 50 in a single transaction. In the same token, it is not advisable to bet on a too large number of instruments that are correlated in the same direction. For example, it is not advisable to bet simultaneously on the fall of the EUR / USD, EUR / GBP, EUR / CAD, EUR / JPY, EUR / CHF … etc. In this case, you understand that a single jump upwards of the Euro currency (EUR) could jeopardize all your positions.
Say gold is trading at $1,195 per troy ounce currently and you are confident that it will be trading above $1,200 later that day. Assume you can buy a binary option on gold trading at or above $1,200 by that day’s close, and this option is trading at $57 (bid)/$60 (offer). You buy the option at $60. If gold closes at or above $1,200, as you had expected, your payout will be $100, which means that your gross gain (before commissions) is $40 or %. On the other hand, if gold closes below $1,200, you would lose your $60 investment, for a 100% loss.
To get started trading you first need a broker account. Pick one from the recommended brokers list , where only brokers that have shown themselves to be trustworthy are included. The top broker has been selected as the best choice for most traders.
Binary Industry Interview With the binary options industry in a key stage of it’s development, we have sought the opinions of some fellow professionals in the binary sector – to see what they think of the current state of the industry, and what they might like, and expect, to see in the coming months and […]
The World’s Largest Financial Market, Forex, allows speculation on currencies. EUR/USD, GBP/USD, which economy and its currency will overshadow the others? You determine.