How to Earn Money with Binary Options. Binary options are an amazing way to earn extra money. Investing in binary options is safe and secure, because the potential payout is a fixed number and is always clearly displayed on the platform. Binary option is a financial instrument involved in day trading. A binary option refers to a type of option with a fixed payout. Binary options trading is a relatively new form of trading and has gained popularity in the last few years. In this form of trading, there are two possible outcomes: either the price of the asset will rise above the current entry rate or fall below the entry rate. If the prediction made in the specified time frame was correct, this is referred to as ‘In the Money,’ or a successful trade, and if the prediction was incorrect, the trade is unsuccessful, ‘Out of the Money.’
The return on investment ranges from 70% – 89% which means that you can earn a significant return on every investment. Let’s return to the example of purchasing Apple stock. If you were to buy one share of Apple stock it would cost you about $650 (not including broker’s fees) and if the stock rose over the next few months to $700 per share, you would have made $50. Now if you opened 13 binary options of $50 predicting that Apple stock would rise over the next fifteen minutes you would earn up to 89% on each binary option, for a total of $94.50. That means in just fifteen minutes you could earn a total $1,228.50 on the same amount that you would have spent on one share of Apple.
The great thing about that example is that it doesn't leave anything to chance: you know how much you will earn BEFORE you make the investment. There are no surprises or tricks, you choose the asset, you choose the direction, and you choose how much you want to invest. Everything is clearly stated for you before you invest. How to Earn Money with Binary Options.
How to Trade Binary Options:
Binary options trading is as easy as 3 simple steps. First, select an asset to trade. This asset may be a stock, commodity, index or forex currency. The majority of binary options platforms offer a wide selection of over 100 assets to choose from. Popular digital options trading assets include Gold, Oil,
Apple and Google. Binary options forex pairs such as EUR/USD and USD/JPY are also commonly traded. Some traders prefer to trade with their local currency. After selecting an asset, it is necessary to choose a time frame. This time frame may be as short as 60 seconds or as long as a few months. In binary options trading, it is up to you to decide whether you prefer short term or long term trades.
The next step is executing a digital options trade is an important one- selecting the direction of the price within the time frame selected. If a stock is bullish, a trader may select the Up direction, also known as Call. A Call position indicates a prediction of the price rising above the entry rate. A bearish stock may be designated with falling below the entry price, referred to as Put. It is important to learn the terminology involved in binary options trading. Selecting Call or Put on a trade should be an educated and informed decision based on market trends.
The last and final step in binary trading is choosing your investment amount and completing the trade. Then, all you have to do is wait to see if your trade will be ‘In the Money’ or ‘Out of the Money.’ The potential payout is clearly displayed on the platform.
Before going to trade you must complete this 3 steps:
1. Open Account
2. Deposit Funds
3. Start Trading
Binary Options Platforms:
Each binary options broker differs in terms of what they offer to traders. Not all binary options platforms are alike; one key difference may be the platform provider. Other differences include design and user-friendliness. Your binary options platform should be easy to navigate, with all of the necessary information clearly displayed. Here is some binary options platforms for your easy and safe TRADING.
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