Is trading binary options a good investment?
That question interest South African traders who are about to start their binary options journey. As a new industry that appeared on financial market, trading binary options quickly gained popularity among traders in South Africa, as well as around the world.
In this article we will try to bring binary options trading closer to you to get more familiar with and show you are binary options a good investment.
Definition of Binary Options
Binary options are a type of options with just two possible outcomes; yes or no. Trading binary options provides a fixed deadline and is based on determining will a price of an asset rise or fall in a predetermined period of time.
For traders, especially new ones, to be able to correctly predict price movement, it takes some effort, knowledge and experience to achieve high payouts. For that reason, many traders choose safe binary brokers with a variety of valuable education materials, such as Banc de Binary, Opteck or StockPair.
Below, you can read more on what does it take to increase chances of winning and are binary options a good investment for traders in South Africa.
Where to Start?
Due to a large number of available brokers in this industry, traders should start with reading broker reviews and checking their features and services provided to traders in South Africa. Some of them are mobile application, demo account or other features and useful strategies.
For traders beginners, we recommend to choose a broker that offers demo account, where they can practice trading and improve trading skills at no risk. Brokers, such as 24option, Banc de Binary, IQ Option etc offer demo accounts to their registered traders.
The second very important element is to see is customer support service satisfactory.
This is very important when trading binary options because traders do have questions regarding trading process and payment methods, and ability to contact broker via live chat or email is extremely important.
All these characteristics contribute to the fact is trading binary options a good investment. Check below to find out more on how to differ one broker from another.
Comparison of Brokers
As stated above in the article, a wide selection of brokers is present on South African soil and sometimes it can present a challenge for traders to easily choose one. In this paragraph we will provide you with some basics by which you will be able to distinguish one from another.
To get access to trading platform, it is necessary to make a deposit first.
Minimum deposit amount depends entirely up to a broker. Average deposit amount is $250, however there are brokers who offer lower amount, even $10, such as IQ Option. Majority of broker offer their registered traders several account types, with different minimum deposit amounts and different characteristics.
One of the reasons why traders think that trading binary options is a good investment is thanks to its ability to achieve high payouts in a short span of time and it is adapted for regular people to invest in. It doesn’t require from the trader to be financial expert and still with some knowledge and effort maximize profit in this online investment type.
High payouts can go up to 92%, such as IQ Option, which is very high percentage and traders have strong will to learn the basics and use multiple strategies to get the most from binary options trading.
They can use Education Center and FAQs where available and invest in those assets they feel most comfortable with. Also, reliable brokers offer simple and safe trading platform that is adaptable for both experts and beginners.
Since security is very important factor in determining are binary options a good investment.
We recommend traders to read brokers’ terms & conditions and get significant information regarding particular broker and their trading platform. That refers on both deposit and withdrawal procedure that should be simple and straightforward.
Brokers listed on our site are trustworthy and we haven’t received complaints of possible scam activity.
For that reason, we advise traders to read reviews and try out demo first to get the feel of binary options trading process. All these elements point in direction that this industry offers many benefits to traders that can lead to a high payouts in binary options.
Overall, we find this industry to be open to regular traders in South Africa. And there lies the answer are binary options a good investment.
Binary Option Robot as Automated Software
Traders who don’t have enough time to trade binary options, they can try out 100% automated software, such as Binary Option Robot.
This software is excellent choice for inexperienced traders. it works based on binary signals, that are actually alerts of financial markets.
These signals are created by signal providers or pro traders who sent those signals to Binary Option Robot. This robot then places trades automatically of traders’ behalf.
South African traders can experience multiple benefits while trading with Binary Option Robot, such as features: Automatic Stop Loss. Binary Option Robot is free and requires no download.