Do you want to know what does it take to be successful in trading binary options?
Below, we will reveal our South African traders what are the advantages of binary options trading process.
In comparison with forex market and other investment methods, binary options trading brought a whole new aspect for investors on financial market.
Since 2008 when binary options industry emerged, it has quickly gathered a large number of people interested in completely new way of online investments.
Below in this article, we will introduce you to binary options trading advantages in South Africa and due to what features, it has become a popular choice of online trading.
Are You New to Binary Options or Are You a Big Player?
Binary options are basically, very simple way to earn money. Benefit from trading binary options lies in the fact that it is intended for both beginners traders and those, professional ones, with years of experience on financial markets.
Binary options industry makes it possible from traders worldwide by providing them with a variety of trading instruments and services that can lead to a successful trading process.
Trustworthy binary brokers, listed on our site, offer traders in South Africa a numerous trading features and tools, that can contribute to maximizing profit.
In binary options trading it is possible to achieve high returns and get bonuses when signing up with a particular broker as a significant binary options trading advantages. Traders who just joined trading platform can use education materials that are especially designed for beginners, such as video courses, binary options glossary, training videos and other education tutorials. Same thing can be applied for experienced traders also.
They can use different trading techniques and strategies to achieve high payouts and also, use a help of education tutorials that include materials for advanced binary options trading. Below you can see listed advantages of binary options trading in South Africa.
Great potential to Maximize Profit in Binary Options Trading Advantages
Binary trading does contain risk exposure, due to price movement of assets on financial market, but it also makes it available to maximize profit. Unlike forex market, where achievable gain for investors is 10%, in binary options trading average return is estimated between 65-90%.
Binary industry makes is available for traders to select either short term or long term trade and use a whole set of trading strategies that if are properly used, can greatly contribute to money gain.
Known Potential Money Gain and Loss
In binary options trading, risk level is known in advance and same goes for profit.
Even before trade itself, South African traders can know in advance how much money they can achieve or to lose. Since binary options trading relies on prediction of price movement in predetermined time, by choosing preferred asset, trade option and expiry time, they can know the exact amount of money.
For example, it’s completely different than in forex trading because with binary options there is no asset buying, but traders choose asset direction: up or down from target price. Traders are aware of their limits and can calculate own profits once again if they think it is required.
By having such a possibility, traders in South Africa can be aware of each step their trading process and can check status of their trades done in any moment.
A Variety of Assets and Trading Features
South African traders, as well as traders in other countries, have on their disposal a possibility to use trade with a wide selection of underlying assets. These assets can be divided in four main categories, such as currencies, stocks, commodities and indices.
Binary brokers offer traders a large number of assets, majority even more than 150 assets. Having a wide range of assets available actually symbolizes risk diversion and also, allows traders to control risk level in a particular period of time.
Traders can choose among many different trade options, such as 60 Seconds, One Touch, High/Low, Touch Options, Ladder Options, Range Options etc.
To set the limit when trade expires, binary options trading enables traders to select among short and long expiry times. Times, such as 60 seconds, 2 minutes, 5 minutes, 15 minutes and 30 minutes are considered to be short term. Medium are expiration times from 1 hour to end of day, while long term expiry times usually cover end of week, month and even 150 days.
Simple to Trade – Binary Options Trading Advantages
Binary options industry enables traders in South Africa to have a positive and yet profitable trading experience due to its simplicity in trading process.
A large number of people who participate on binary options market aren’t financial experts, just people who are interested in binary options and have a goal to profit from this type of trading. Trading platforms are excellent and provide great experience for the traders. Interface is user friendly and both beginners and experienced traders shouldn’t have to deal with any difficulties.
It isn’t complicated as forex market is, because it doesn’t require a great background financial knowledge to be successful in trading binary options. Binary options are based on trading with only two outcomes, while predicting will the asset price rise or will it fall.
Free Demo Account
Demo trading platform is especially popular among traders who are new to binary options trading because it enables them to practice and test chosen platform in order to benefit from it.
On demo account, a variety of trading instruments and features are available to be used, same as on usual trading account. A lot of brokers offer free trial account, without any fee to enter and trade on demo version. Very important note in demo trading is that risk isn’t involved, which means that traders can place trades in binary options without having fear of money loss.
Reliable binary brokers provide traders with virtual money which is used in demo trading, instead of real money. Trial trading is an excellent method that brings benefits to traders in South Africa, by enabling them “space” to participate on financial market and sharpen trading skills to later on, become professional traders. For this reason, demo account is considered to be valuable benefit in binary options trading.