10 Step Guide to Binary Options Trading

How to Trade Binay OptionsIn Binary Options trading, there is a wide range of assets which include indices, stocks, assets, commodities and also foreign exchange. Binary Options Trading has recently gained a lot of popularity among people all across the world, the primary reason behind this being the trades are really easy to play.

The traders are required to make decisions based on their knowledge and experience about the chosen asset, most of the decisions being yes or no (which falls under the Put or Call type of trading options) and there is a risk involved.

For instance, if you are going to place your trades on the value of gold, you have to predict whether the value of gold is going to increase or decrease in the future or any given time, and you get the outcome of your predictions either positively or negativel.

One of the most legitimate reasons as to why you should be trading Binary Options is that the expiry times for your trades are rather flexible and can range from as little as only 60 seconds to as long as months. Hence, you get to choose how long your trade is going to stay active.

However, Binary Options Trading is a recent thing, which is why many people still are yet to be aware of what it is and how it works. Hence, we have decided to come up with a ten step guide (infographic) which is definitely going to help you get started with any of the brokers mentioned in our featured lists. We believe that as soon as you check our ten step guide, and open demo accounts before real trading, you will be trading more wisely.

Steps

  1. Binary Options Put and CallWhat trades to place: Before you place your first official trade, you need to ask yourself which stock, commodity, or asset you will be placing your binary options trade on. As soon as you come up with a decision regarding the same, your next task will be to understand the movement of the value of your selected stock, commodity or asset and think about whether the value is going to increase or decrease. In short, choose an index, and then think about the possibility of a rise or fall in the value of the same. For instance, in case you choose the oil to place your trades on, you will need to think whether the value of oil is going to increase or decrease. If you think it is going to decrease, you will have to go for the Put option, while if you think it is going to increase, you place the Call option. Put/call is the most basic binary options trading type.
  2. Choosing a Broker: In order to trade binary options, you will first have to choose a proper Binary Options Broker in order to settle down with and places your trades at. This is one of the most critical decisions you need to make before you officially start your trading career, which is why we recommend you to spend some quality time going through reviews and information regarding all the Binary Options Brokers that are featured on our site.
    Broker Info Bonus US Traders Review
    24option Assets: 103
    Payout: 89%
    Demo Account: Yes
    Min Deposit: $250
    Unlimited Welcome Bonus Review
    Banc De Swiss ( BDSwiss ) Assets: 171
    Payout: 75%
    Demo Account: No
    Min Deposit: $100
    100% Welcome Bonus Review
    Binary Option Robot Assets:
    Payout: 92%
    Demo Account: No
    Min Deposit: $200
    Unlimited Welcome Bonus USA Allowed Review
    Binary.com Assets: 100
    Payout: 100%
    Demo Account: Yes
    Min Deposit: $5
    100% Welcome Bonus Review
    IQ Option Assets: 500+
    Payout: 91% * (* Amount to be credited to account for a successful trade.)
    Demo Account: Yes
    Min Deposit: $10
    * Review
    NordFX Assets: 59
    Payout: 85%
    Demo Account: Yes
    Min Deposit: $5
    150% Welcome Bonus Review
    Opteck Assets: 112
    Payout: 85%
    Demo Account: Yes
    Min Deposit: $250
    100% Welcome Bonus Review
    OptionFair Assets: 72
    Payout: 91%
    Demo Account: Yes
    Min Deposit: $250
    50% Welcome Bonus Review
    StockPair Assets: 120
    Payout: 85%
    Demo Account: Yes
    Min Deposit: $250
    50% Welcome Bonus Review
    TopOption Assets: 44
    Payout: 85%
    Demo Account: Yes
    Min Deposit: $100
    Up-to 100% Welcome Bonus Review
    YesOption Assets: 125
    Payout: 89%
    Demo Account: No
    Min Deposit: $250
    Up-to 100% Welcome Bonus Review
    We have made sure that every Binary Options broker found on our site is a secure, regulated and licensed one, offering traders a wide range of tradable assets, to begin with. Every broker offers features, types of accounts and other perks which help them differ from one and other. It is you who needs to assess which broker suits your needs best and go for one accordingly. Make sure the trader you choose gives you maximum advantages and perks, making your life as a new trader easy. In case you go for any one of the brokers mentioned in our featured lists, you need not worry about a lack of benefits or security, as we only feature the best.
  3. Binary Options Expiry TimeChoosing an Expiry Time: As soon as you make the primary decision of choosing an asset you will be placing your Binary Options trades on, and also choose a proper Broker you will be registering and trading with, your next decision will be to choose an expiry time for the trades you place. Expiry times, as the name suggests, are times reaching which your trade will expire and profits will be given out or losses will be deducted. The expiry time range is really flexible, ranging from as little as 60 seconds to as much as one month. You get to choose the expiry time you deem fit for your respective trades as time does affect the value of your assets.
  4. Understanding Potential Gains: Let us assume you are going to purchase an item that varies in price at different shops and costs a lot. In such cases, you would usually shop around and inquire at multiple places in order to make sure you get the best possible deal out there and don’t end up over-paying. Similarly, as a Binary Options trader, the payouts you can possibly make depends on the broker you choose, and every broker offers a different set of advantages. Some may offer relatively higher payouts, but less additional features. It is up to you to consider all possible financial returns you could get from your shortlisted Binary Options brokers and then choose the one which offers the highest of returns.
  5. Trending Options: Choosing a Binary Options Broker that offers the best financial gain may be a critical decision, to begin with, but it is not all. Once you choose a broker, the game has only just begun and you are yet to play. It is up to you how you utilise the advantages and options provided by your chosen broker and end up with profits. You must know how to make the best out of these options in order to receive a lot of gains. Brokers offer you a lot of help. Some may directly feature the latest financial news stories right on their news feed while some may simply show you the trades which are presently popular with the rest of the trades. However, we recommend you to always go for brokers who offer a list of Trending Options, as it is a tool which helps you figure out the most popular and in-demand trade at that particular time which the traders have frequently been using. This information can help you choose the right trading option and make it easier for you to earn profits.
  6. Binary Options Increase BudgetIncreasing Your Trading Budget: There exist a number of Binary Options Brokers out there who keep trying to compete with each other in order to provide the best services possible, each hoping to be exceptional. The traders get the benefit of this competition in the form of several promotional offers and a number of unique features, all of which ultimately help traders maximise their trading budget. Traders should make sure the broker they are registering with offers a good welcome bonus, as it provides a great advantage. However, traders must also keep an eye on all the loyalty based promotions that a number of Brokers are going to offer you. These bonuses include but are not limited to risk-free trades, deposit bonuses, and much more. Therefore, it would be a wise decision to study all the extra bonuses being offered by the brokers before you register with one, as it is going to help you increase your trading budget and surely help you with some extra funds before you actually start using your own funds to trade with.
  7. Instantly Placing Trades: You must always be ready to trade on the go and grab the opportunity the moment it shows up. You never know when you could come across a possibly profitable trading chance, but whenever you do, make sure you seize the opportunity. This is why we recommend you to not only have access to an online desktop trading account, but also a mobile trading account for whichever Broker you are registered with. Mobile trading accounts help you trade on the go, from any location and at any time, so you can be sure you don’t miss any opportunities to make profits.
  8. Binary Options Hedging TradesHedging Your Trades: A number of trades would try to make an attempt to hedge some of their active trades which are open, or they could just choose to place a series of trades wherein two totally distinct trades cover both sides of the trades. There could be several ways to do this, the most basic one being by opening multiple accounts, each at different brokers and making the best out of the welcome sign up bonuses they provide, and then using these bonuses in order to fund and cover both sides of the trade.
  9. Roll Forward Feature: Most of the binary options brokers out there have recently been offering their customers a completely new feature known as the Roll Forward Feature, and you might want to take advantage of the same. This feature is one that becomes available only if you have a live trade ongoing. This feature can be used in order to extend the expiry time on any of your ongoing trades in case you deem it fit. You can use this feature to extend the expiry time to the next available timestamp available. This way, if you think you are going to make better profits if you waited for a longer time, this feature is going to do you wonders.
  10. Binary Options Early ExitEarly Exit: Even though a number of traders place their trades with a mindset of waiting until they officially expire, just in case you feel that waiting until the official expiry time may increase the risk of a loss or just foresee any unfortunate event occurring within your trade as a result of waiting for the expiry time, you can choose to take an early exit. This way, you can end your trade before it reaches the official expiry time and thus, prevent the risk of a loss in case you foresee one.A number of traders do offer the early exit feature and even though you are always going to be required to pay a small fee in order to end your trades early, the fee you pay is going to be nowhere close to the loss you might have had to face had you waited longer. The best part about exiting early is that in case you’re in a profit at the time of exit, you are sure to receive some portion of that profit, so the trade is not completely fruitless. However, it is recommended that you think more than twice before you opt for the early exit. Go for it only if you are a hundred percent sure about a potential loss as a result of waiting longer because otherwise, you might just miss a good and proper gain.

How to Trade Binary Options?

Chapter 1: How to Trade Binary Options

Binary Options Trading is a recently trending method by trading indices such as shares Stocks, Currencies, and Commodities such as Silver, Gold and much more, based on the internet. The best part about Binary Options trading is that you are never required to actually buy the commodities, shares or currencies that you are placing your trades on. All you have to do is virtually buy them and then predict whether their values are going to decrease or increase in a certain time frame.

To begin with, you are supposed to choose a broker to register and trade with. You can take a look at the list of regulated and recommended brokers as well to choose from. Following is a list of guides which we recommend you to spend some quality time checking, as each of them offers some much-needed information for you to get started and officially become a binary options trader!

  1. Types of Binary Options: You can trade over a hundred different types of binary options via desktop or a mobile phone through the internet. Before you get started, you really should spend some time reading all the guides about various Binary Options types which are going to be available to you to choose from when you start trading. We are sure there are going to be a number of types you will find interesting. All the binary options sites and types we feature and review on our site offer a wide range of legitimate Binary Options to choose from to all their traders, which is going to put you in the driving seat and help you gain complete control of your trades. You do not have to worry about having a very limited range of options to choose from anymore.
  2. Types of Binary Options Platforms: There are several binary options trading platforms, designed for both, desktops and mobiles. You can expect to have maximum flexibility while trading binary options as all you need is an internet connectivity, a mobile, a tablet, a laptop or a computer to get started. You can choose from a wide range of mobile compatible trading platforms. In short, trade from anywhere at any time. This flexibility is one of the main reasons why Binary Options has gained a lot of popularity lately.
  3. How to Place Binary Options Trades: We would like to let you know how to place a Binary Options Trade, and in this guide, we are going to give detailed descriptions on that. The overall context is pretty clear to understand and as soon as you get the idea of how trading platforms function and work, you will find it in details.
  4. Binary Options Demo Accounts: This guide was written in order to help you figure out how you can open a binary options account and receive a demo account free of cost, a feature that all the binary options brokers featured in our top rated lists offer. Demo accounts offer you a hassle-free, risk-free and simple way to start trading with virtual currency. No actual trades are taking place, but you use the platform and trade officially. This gives much-needed experience and helps you learn all the features certain platform offers before you officially get started.
  5. Binary Options Trading Signals: There exist trading signals and pointers which you should always keep an eye on regarding the moment the value of any share, commodity or currency is going to increase or increase, which is why we recommend you to check this guide out; that is going to help you gain a lot of knowledge about which Binary Options should you be choosing to trade with and at what time, and for how long in order to get the best results.
  6. How to Make Money with Binary Options: This guide is going to help you get started with each and every detail on trading Binaries whenever you decide to officially start your Binary Options trading career online.
  7. Binary Options Trading Tips: This guide is rich with a wide range of trading tips as well as hints which are going to help you make successful Binary Options trading decisions. Be sure to go through this guide if a logical start is something you wish to make. The wide collection of tips and hints are going to help you gain a perspective of how binary options work, so you can make more educated decisions in the future yourself.
  8. Are Binary Options Legal? It is true that Binary Options trading is all about finance, and the context is basically financial, which is why there exist a number of licensing procedures that every site needs to undergo before officially providing service. We include only the best of the binary options brokers in our featured lists, the ones which are legal, safe, and completely secure and are regulated at all times. Be sure to check our guide out regarding safe, licensed and legal Binary Options sites.
  9. Binary Options Site Reviews: After you have thoroughly read through every Binary Options Guide mentioned above, your final decision will be to finally choose a binary options site to register with and start trading. The competition is real and there are a number of sites out there that offer excellent features. We have chosen a lot of sites for the visitors of our website to choose from on the basis of our deep and prolonged experience with Binary Options trading. Hence, we believe all the sites we feature are surely going to meet all your expectations and not going to disappoint you in any way, impressing you with their wide range of features, assets, and bonuses. In case you do go for one of the binary options brokers reviewed by us or featured on our site, you can expect bonuses and a wide range of opportunities to make profits, along with some exciting promotional offers and much more.
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Paul Graber

I was born in Manchester in 1967. I am an Economist with a Ph.D. degree. I have been working in the financial trading industry as a professional since 2003. I am a fan of Manchester United team. I am married and have a little princess.

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