Reasons to Trade with No Deposit Binary Options South Africa
Professional experts suggest new traders to start their first binary options trading experience through risk free environment.
You cannot use trading strategies freely until and unless you do not have fear of loss. It is only possible with demo accounts. Brokers allow new traders to use all tools and trading facilities by paying no deposit for these accounts. In fact, it is an opportunity to compare various platforms that are regulated and offer high payouts.
Use of emo accounts is striking for new traders; however one must keep in mind emotional disturbance while trading real funds in high risk environment. Live accounts have various guidelines for traders such as account manager, signals and automated software. Moreover, select minimum investment to reduce amount to loss. When automated software is used, traders are free to perform other jobs while binary robot works by following given limits.
No deposit bonus is a great way that a lot of brokers use to attract new traders on their trading platform. Once traders join the platform, they only have to register and will get access to trading platform. South Africans can explore it, use a set of tools and maximize profit while trading binary options.
What is Binary Options Trading?
Binary options trading is getting popular all over the world for its convenient and user-friendly interface.
In binary options industry, traders can place trades on a variety of assets in different hours during the day. This is a very flexible online trading way and it largely simplifies trading process because it is not necessary to trade in specific time.
Binary options are digital or exotic options where trader never has to have ownership of the asset, but merely predicts the price movement: will the price go up or will it go down. Smaller investment requirements make binary options open to a variety of traders who are looking for a fun and dynamic way of trading. Most binary brokers require a minimum deposit in the amount of $250. Compared to other types of trading, it is easy to see why binary options are so popular.
Binary Options Trading Explained
How does the binary trading look like? There are several steps every trader must take.
Binary brokers are companies that deliver the service of binary options trading. They provide you with an account and after you make a deposit, you can start trading. There are many types of brokers, but we mostly say that they are either regulated or unregulated. Regulated brokers are brokers that have a license provided by a regulatory body. Almost every country has a regulator for financial companies that operate in their territory. Binary brokers with a license have to act according to a strict set of rules provided by the regulator, otherwise, they will lose their regulated status.
Unregulated brokers, on the other hand, don’t have a license, but that doesn’t mean they are scams. There are more factors than regulation that affect whether a certain broker is a good choice or not.
Traders must take a look at other characteristics as well: platform, the number of assets, mobile trading, customer support, reputation, banking methods etc.
After you have found a broker that suits you, register and make a deposit to start trading.
How to Place a Binary Options Trade
Binary trades are, in most cases, placed the same way. Traders usually see a special part of the platform that is easily recognizable as it always has the same elements: expiry time, trading amount, trading direction, promised payout in case of a successful prediction. First, choose an asset you would like to trade. It can usually be found in the asset list. Next, select an expiry time, and then enter the trading amount. The following step is to predict the price movement – will it go up or down.
After you have set your perimeters – press trade button and that’s it!
Now you have to wait for the expiry time to end and see whether you were right or not. If you placed a $100 in a trade with promised payout of 70%, in the case of successful trade you end up with $170 in your pocket. If you were wrong, you lose your initial investment of $100.
Should I use Binary Robots and Binary Signals?
It is impossible to say whether or not one should use binary signals or binary trading robots. These products are a nifty addition to every binary trading portfolio, but traders mustn’t take them for granted. Many traders think of them as of easy fix that can solve all their problems and make them millionaires.
However, binary software and binary signals are everything but that. They are using advanced algorithms in order to generate signals upon which the trades will be placed. Modern binary software and binary signals are usually connected directly to the broker so the trader never has to change platforms. This is very convenient and more user-friendly than such products were in the past.
It is important to find a binary robot or binary signals provider that is compatible with your broker as this will make the entire registration process easier. Simply find a robot, check the brokers and then register through the robot. This step is important, as it doesn’t work vice versa due to technical limitations. Binary signals providers operate in the same way. They deliver signals to the trading dashboard where you can place binary trades.