What are binary options?
That question awakened interest among many people on global level and also in South Africa.
Back in 2008, a novelty of binary options industry appeared in financial market and started a growing trend in online investment business. So let us explain you what binary options are how you can profit from binary options trading.
Binary options are options with fixed payout and fixed deadline when asset expires.
Traders who invest in binary options have to predict a direction of price movement of particular underlying asset. Traders from South Africa can choose if they want to place trades in stocks, currencies, commodities or indices. For more detailed information on what are binary options and how to trade, readers can check further in the text.
Where to Start Trading Binary Options?
If you are new to binary options world, the best to start with is to choose a trustworthy binary options broker.
Because of the popularity of binary industry, an increasing number of binary brokers in nowadays present on financial market. Sometimes it can be difficult to distinguish reliable brokers from scam.
Security of trading platform and transparent business are the main elements by which traders in South Africa can see it they are dealing with trusted broker. We advised you to start with evaluating several binary brokers in the industry by checking their reviews. This way, you can get whole picture of broker’s platform, trading instruments and available services to their traders.
Features, such as transparent business, up to date customer support and quick deposit and withdrawal are usually signs that we are talking about quality trading platform and reliable binary broker with whom you can achieve success in binary options trading and maximize profit.
If you are about to start a journey as a binary options trader, then you need to gather some information on this matter. First of all you need to find out how you can trade binary options and where to begin.
This way, you will be able to understand the matter better and earn money while trading. This information will help you to gain confidence about what you are doing in trading process. Here on binaryoptions.org.za, you will be informed about the simple steps which will help you understand the trade pattern and the style of the trade.
This way, you can deal with binary options with much more confidence. In order to achieve success in binary trading, you have to make sure that you follow a set of simple steps. These steps will allow you to have better understanding of how does binary options trading process look like.
Binary Options Trading – Step 1
First of all when you join a trading platform, you need to choose an underlying asset. A lot of brokers offer wide range of different assets, from stocks and currencies to commodities and indices.
The number of assets may differ from trading platform to platform, but the basic type of the assets will remain the same always. You can choose any one or more assets you want and trade on them.
Binary Options Trading – Step 2
In the next step you have to predict the nature of the price movement.
You have to predict whether the price of the assets you have chosen will go up or down. If you think that the price will go up, then you have to opt for the call option, otherwise you have to opt for the put option. After choosing the movement type, you have to choose the amount of money you want to trade with.
Binary Options Trading – Step 3
Once the preferred amount is chosen, you have to choose the time period within which you think that the price movement will happen. After that you have to wait for the time period to expire. If your guess is right, then you will get the money, if not then you will lose the money you have invested.
There is a lot of expiry options available for choosing, ranging from 60 seconds to end of month or up to 150 days. This is known as the time of expiry.