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Binary Options India – Beginners Guide to Options Trading in 2020
Over the last 5 years, Binary Options have only grown more and more as a popular form of investment in the whole world, including India. Due to the fact that it is an easier form of online trading to get into and because you often need less capital or qualifications compared to Forex trading for example, many beginners have made their way from beginner to expert traders.
Binary options trading is however a typical “easy to learn, hard to master” kind of thing, so if you are new to this world, we suggest that you do these three things:
- Go through this article and discover the basics of options trading.
- Then head over to the Tutorial section where we explain the basic concept on how you can be a profitable trader in the long run.
- Once you have the basics, check out our free Trading Academy where we show you some very successful “over the shoulder” strategies that we still use to make profits – and that you can start copying immediately, too.
Are you ready? So let’s get started.
Do you know already how options trading works and are you just looking for the best broker? Click here and read our review about our #1 broker choice.
What Are Binary Options?
Binary options are by far one of the simplest forms of online investment, a way of betting on the outcome of an event of an asset. You stake an investment on your prediction on whether the price of an asset will go up or down within a certain time period.
If an investor is successful with his prediction, he receives a fixed profit return between 80-100%.
Here is a quick video explanation:
The assets traded are generally the same as the traditional stock market, the only difference is that Binary Options Traders do not actually buy and sell shares. They invest only in the perspective valuation or devaluation of an asset – so basically, if the price of the asset will go up or down.
If the outcome of the asset is different than predicted, the investor loses the amount invested. Investing in Binary Options without an investment strategy is foolish. This is important to remember that because of how easy and simple it is to invest, it can easily become a form of gambling.
This is why we have created this guide and this is why we suggest you to go through our tutorial and the free Trading Academy before you invest any money so we can help you to become a smart trader, not a risky gambler who just randomly place bets.
Let’s see a trading example
Let us look at a simple Binary Options Trade, step by step so you can understand what we are talking about here.
Example: (Made up numbers)
- You have been watching the market and decided that you want to make a trade. You have decided to make a prediction on the price of Gold.
- Currently, the Gold index is trading at $1000. After using your analytical tools and education (which you will gain in our academy), you have predicted that in the next 1 hour, Gold will be trading at a value higher than $1000.
- You then invest $100 in a “Call option”, which is basically a bet that expects a higher price than the current $1000.
- After locking in your Call option you then wait 1 hour.
If after that 1 hour, Gold is trading at anything above $1000, you will earn up to 80-100%, depending on the broker, of your investment back on top of your original investment. So basically, in case of a successful trade, you almost doubled your money.
If you were wrong however, you lose your investment. Now we hope that you see already why binary options trading is often called a “high risk, high profit” investment and it is true.
However we want to stress out again that a smart trader follows specific strategies and rules and not just blindly place bets which enables them eventually to be profitable in the long run.
The Best Binary Options Broker 2020!
Perfect For Beginners and Middle-Leveled Traders!
Free Demo Account!
Free Trading Education!
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Good Broker For Experienced Traders!
A few things to note:
- Brokers usually offer expiration periods that range from minutes all the way up to months.
- The profit value depends on your broker, average payouts are 80-90% depending on your broker and your account level with them. In rare cases, you can get even 100% profit rate on your investment.
- Remember the amount that the index increases by is irrelevant as you do not own the stock, you are simply betting on the outcome.
So even if the price of Gold went up just by $1, you still get your 80-100% profit.
I hope you guys have learned how simple it is to make your first trade.
Did you know? Most trustworthy brokers are offering a free, unlimited demo account, so you can try online trading in just 2 minutes, without any risk.
Are Binary Options Safe?
Binary options are a form of legal investment, with millions of investors and strictly regulated broker firms operating across the globe.
So from a legal perspective, if you choose a popular, internationally regulated broker– which you can find under our “Broker” section – your money should be safe.
Due to the simplicity of it however, it is very important that investors use tools and analysis, along with a strong education to make their predictions.
The industry gets a bad name because so many beginner traders are simply betting their investment money away, with no education at all. Then they go on to moan about how options trading is a scam.
Binary options trading is an amazing opportunity to make good profit and income. However, it takes time and patience to educate yourself, this is not a get rich quick scheme! You may lose money with some trades and it may take several weeks to get to a position you are earning good money – and you have to accept this fact.
Do not get disheartened by losses, as long as you are learning and applying a strategy, you will learn from every mistake and if you are using a good strategy, the wins quickly outweigh the losses.
Fraudulent Brokers and Scams: Signals, Robots, Autotrading
Another reason the Binary Options trading market gets a bad name is due to the large amount of fraudulent brokers and scam tools like most robots and signal services. Check our full list of binary option scams here.
If you are a beginner or even an advanced-expert trader, we highly suggest you to choose regulated brokers only and stay away from one-click tools that offer easy money overnight.
We have simplified your choice by testing most of the available brokers out there, so check out our “Brokers” menu for our top suggestions. If you chose one of these brokers, we can almost guarantee that you will get amazing customer service, great trading experience and last but not least: investment protection up to €20.000 in most cases.
Binary Options Trading In India
India has gone through massive economic growth in previous years, because of this binary options trading has grown exponentially in popularity. Many residents see online trading as a great way to earn an income part-time, with many even quitting their jobs to trade full time. With advancements in smartphones and brokers bringing platforms to the population of growing smartphone users, this kind of trading becoming more and more accessible.
Indian assets are becoming more available across a wide range of brokers, so we believe that the online trading industry has entered India, and it is here to stay.
Here are a few quick guides to some of the unique factors you need to look at as an Indian trader.
Regulation and Licensing – Is binary options trading allowed/legal in India?
The legality of Binary Options Trading in India is complex and is debated often, but let us be clear here: It is not illegal in India to trade on the Binary Options market.
The reason there is so much confusion and hearsay around the topic is the fact that it isn’t regulated in India just yet by the Reserve Bank of India. The difference between the brokers who are regulated and the brokers who are not regulated is vast.
For now, it seems the best option for Indians to trade online is to choose an offshore broker with strong a regulation accreditation. Look for regulations such as FinaCom (International Financial Commission), or if you are looking at European brokers, look for CySEC, FCA or MiFID licensing.
All of these accreditation means that you are protected up to 20,000 euros per trade if the broker does something unlawful.
Customer Support and Hindi language
We will go into much more detail later in this guide about customer support in general. As an Indian trader, not only do you need to make sure that the customer support of your broker is excellent, you also need to make sure that you will not face a language barrier problem during exchanges.
The perfect broker for you will not only offer excellent customer support, they will also be able to converse quickly and efficiently in your native language. Obviously, every trading broker speaks English, but fortunately, Hindi language within the customer support is getting more and more popular among leading brokers.
Taxation in India – do you have to pay income tax after trading?
Generally, any income from trading will be considered a non-speculative business income in India, so yes, you have to pay taxes after your binary option profits.
If you are earning and making profits from trading, then you are expected to follow the tax rules of your country and declare it. Declaration is your decision, but we highly recommend following your government’s procedures to avoid any future issues, especially when you become a very profitable trader who is making a nice income.
Your profits will be added to your yearly income, and depending on your tax bracket, you will pay tax accordingly.
You can, however, claim this as business income, so you are allowed to offset it against any expenses your business incurs. You can offset against advisers, the cost of software, internet bills, etc. You can also offset non-speculative losses against your non-salary income.
Important Terminology in Options Trading
If you have ever watched films, or seen an actual market floor, you may have gotten overwhelmed by the terminology and jargon flying around. We are aiming to simplify that, that way you enter the world of investment confidently.
To start basic trading, you don’t really need to know what each of the below words mean, but if you want to understand strategies and use tools (which we highly recommend), it is important to your long term goals that you know what all this terminology means, even if it’s difficult to understand what they exactly cover.
But do not worry, over time, this terminology will become part of your everyday vocabulary.
- Asset – this is the underlying stock, commodity, currency pair or index, on which the trading activity is based
- Expiration time – the date and time when the option is about to expire. This is the time when you your option is closed and you either made a profit or not.
- High or Call option: by choosing a Call option, you speculate that the asset’s price will rise.
- Low or Put option: by choosing a Put option, you speculate that the asset’s price will fall.
- In-the-money – this term is used in order to describe the situation when you have predicted the movement of the asset price correctly and the binary option is profitable.
- Out-of-the-money – this term describes the situation when you have wrongfully predicted the asset’s price movement, rendering the binary option a loser.
What are the available option types?
Now we have glossed over the basics, let us look into Binary Options in more detail.
The term “Binary” is used because there are only two results, either the price will go up or the price will go down. You win or lose based on these results.
There are several varieties of Binary Options.
Put or Call options
The simplest binary option form is called the Put or Call option.
The PUT option is a prediction that the price of the given asset will DECLINE over the period stated.
The CALL option is a prediction that the price of the given asset will RISE over the period stated.
These are the simplest form of binary options, and for the first stage of your trader career, we suggest sticking to these options.
When you advance to a better level of knowledge and experience wise you can experiment with different types, such as the following:
There are two types of touch options.
The one-touch option gives investors an advantage when they are confident that the asset will move according to their prediction.
They will set a one-touch option at a “trigger point”, during a period of time.
During this period of time, if the price of their asset reaches this trigger at least once, the investor will receive a payout, regardless of where the asset finishes.
Let us give an example.
The Gold exchange price is $ 1000, you decide that within the next week, Gold will reach $1250 at least once.
During that next week, the price of Gold reaches $1340, before dropping back to $980.
You receive your payout upon the trigger point being met so you are paid out.
This option is the opposite of One Touch Option. The no-touch option predicts that the value of the asset you are aiming for will not reach a certain value limit. Like One Touch Option, you or your broker set a certain price for the target asset and predict the price of the asset will not touch the price you or your broker set in a certain time period.
Double Touch Option
Double One Touch option
By taking the concept of the one-touch option, the double touch option has two trigger point values. Your option will benefit if the value of your assets touches one of the triggers that you set, regardless of which point.
For example, if the current price of gold is $ 1200, and you or your broker set the trigger’s top point at $ 1250 and the trigger’s bottom point at $ 1150, your option will be profitable if the gold price rises to $ 1250 or drops to $ 1150. Conversely, if the price of gold does not touch one of the trigger points within a certain time period, it will be out-of-the-money.
Double No Touch option
As the name suggests, the double no-touch option has the opposite direction from double one touch. You still have two trigger values but this option must be in-the-money form. It is predicted that the asset will not touch one of the two trigger points you have set for a certain period of time.
If one of the trigger points is touched by the price of your option transaction it becomes out-of-the-money and you lose your investment in assets. Therefore, traders usually prefer to invest in markets with a tight range that usually appears after the climax of selling or buying (strong price spikes).
Paired options are one of the more exotic forms of binary options. This option is only given by a very few brokers and is usually based on the performance of an asset which is related to other assets.
Here, the trader selects the asset pair from the list that has been given and bet on which asset will surpass the other within a certain time. Assets are paired by class and sector (the categories must be the same).
Although some of these options sound very interesting, we highly recommend that you stick with the basic call and put options.
For two reasons:
- Regulated brokers usually don’t offer exotic option types.
- Due to their nature, they make trading very risky. It’s a big challenge already to hit the right direction of the price movement, why would you take extra risks?
What Assets Are Used In Binary Trading?
As you become more knowledgeable, you will probably begin to prefer to trade certain assets. This is a beginner’s guide so we will not go into this in too much detail here. Range of assets can be an important judging factor when reaching a more experienced level, but for beginner traders it’s not necessarily the #1 aspect you should look after.
However, I am sure you have all seen on the news, stories about stock prices from big companies like Microsoft or Toyota. Stories about massive increased or gradual decreases in the value of stock. These are the main types of Assets you will encounter in the Binary Trading World.
On the stock index, you have to predict the value of the top shares of a stock market whether it will increase or decrease in a certain period of time.
You can trade on any stock index, be it Dow Jones, FTSE 100, Hang Seng, DAX, and NASDAQ. The advantage of playing a stock index is that the procedure is easier than buying shares through a broker, in binary options you don’t have to pay any fees or commissions.
You also do not need any fancy accreditation, or to work in the horrible environment that is the stock market.
Let the stock market traders get up early and go to work for 18 hours a day in their hot suits, whilst you get up at noon and make trades whilst sat in bed!
Currency pairs and Forex
Trading with currency and foreign exchange options is very closely related to paired options, because you can only define a price of a currency relative to another one.
Popular currency pairs are EUR/USD, USD/JPY, USD/GBP, USD/CHF, USD/CAD, AUD/USD, NZD/USD, etc
In addition, the binary options offer exchange for bitcoin with other currencies, such as bitcoin with US dollars.
Cryptocurrency and Bitcoin
This brings us onto Cryptocurrency. A currency that deserves its own paragraph due to the complexity of it.
Crypto is one of the most exciting and explosive markets we have seen since the .com era. Overnight rises of up to 1500% are not just happening, they are happening often.
A very dangerous commodity with the potential to earn a fortune or destroy. You rarely can apply normal investor strategy or analysis to Crypto, so be wary of dipping your toe into this world.
If you are interested in trading with Bitcoin, Ethereum, etc. check out our guide about Cryptocurrency Trading.
In commodity trading goods allow you to trade without having to buy these commodities physically, which of course must be very expensive. Typically, commodities traded through binary options trading are the value of gold, silver, copper and crude oil.
Previously, the sale and purchase of shares was generally only carried out by high-ranking business people who at least had a bachelor’s degree in economics or equivalent. For beginners, buying and selling shares is quite risky to do.
With binary options, even you beginners can trade up to thousands of shares without having to buy real shares from a company where you invest.
How To Start Trading Binary Options?
Even for beginners, getting into this world is very easy. With the right knowledge and guidance, you should be up and running in no time. Make sure you keep up to date with news and reviews here in order to get the most up to date information on trust-worthy brokers.
4 Steps to start trading with binary options:
- First, look for the best broker – check out for our recommendations in the “Brokers” menu.
- When you have found your broker make sure you register a Demo Account. Use this demo account to test how good the platform is for you, test the comfort and smoothness of the platform out.
- When you are comfortable with a platform depositing funds into your account. Check out our article if you need help with it.
- Sign up for our FREE Trading Academy and learn what strategies we use to be profitable while trading.
How To Choose the best Binary Options Broker?
Choosing a binary option broker is crucial for your long term investment goals. This is your hard-earned investment money here, choosing the wrong broker means you could lose the value of your investment.
We understand this, so we are going to give you a quick guide to use when investigating potential Brokers. We use a more in-depth analysis when writing our broker reviews, but the below information will give you a very good idea about what to look for.
First Impressions/General Information
When looking for a broker, first impressions are often a great indicator of whether to continue looking into a broker.
There should be clear transparent information about the company’s objectives and past achievements as well as statistics and general information about the company.
Look for trust signals such as physical company locations, details on leading members of staff, up to date news of current positions.
If learning material is publicly available and access to a demo account is free, take your time to see the quality. Compare the content of existing learning material with other material provided by competitors.
Regulations and Safety
A regulatory body, such as CySEC or the Financial Commission are 100% crucial when picking a Broker. Look for similar accreditations like the one from Olymp Trade below:
If no one is regulating a broker, they are free to do what they want, this is how most people have been scammed in the past.
The purpose of regulation consists of things such as consumer protection and strict adherence to the financial market model, as well as convincing and promoting fair competition among companies with fair rules so that consumers can exercise their rights fairly.
For binary options brokers to be regulated, they must meet the requirements and operate in accordance with the regulations set by the regulator. Among these requirements are security protocols and procedures to fight money laundering and fraud.
If a broker is regulated by FinaCom or CySEC, your trades are protected up to a value of 20,000 Euros.
Because of these regulation, we have to stress out:
Never give fake data. You will lose your money and will have no right to contest.
Please Read That Again.
Free Demo account
Every broker who is worth their salt will have some form of a demo account available to its users.
When looking for a Broker, we would not recommend going with a broker who does not have this kind of feature available.
Demo accounts allow you to test-run a platform, checking that it works for you, runs smoothly and remains stable for long periods of time and makes sure you like the style and tools available.
Use demo accounts wisely to check how well your strategies are doing, test new strategies, learn how to use different metric measurements, indicators, and chart types.
Platforms that work well no matter what your account level is, usually work out better for users in the long run.
Most good brokers will allow you to keep a demo account alongside your regular account, allowing you to test and practice without investing your capital every time.
Wide selection of Deposit and Withdrawal Options
Make sure you thoroughly read through all the terms, conditions and stipulations around a Broker’s deposit and withdrawal system.
Make sure you find out the policy for withdrawals and the time scales. Some brokers only allow withdrawals to the same method you used to deposit.
Make sure you check what the method is also, will you use international bank transfers? Or an electronic wallet such as Skrill or Paypal.
The general consensus we have found for users in India is that Skrill is currently the best way of transferring and withdrawing money. You can read our full Skrill review here.
Please note: Due to policies to prevent money laundering and fraud, you may be asked to send and confirm documents at the time of initial withdrawal, which can be time-consuming during the initial withdrawal process.
Additional Features: VIP account, indicators, tournaments
Now you should have narrowed your choices down to Brokers that have good money policies and are highly regulated and safe.
The next step would be to choose the platform you like the best. Many platforms are very similar in the Binary Options market, so if you find one with a particular feature that you like, that other brokers don’t have then this may influence your decision.
These features could include:
- Learning material: What topics and strategies can be learned from the material the broker provides for free to its members.
- Tournaments: Almost all of the good brokers have some kind of trading tournaments where you can win nice prize pools by competing other traders.
- Analysis and projection tools: Some platforms provide analysis and predictions for multiple assets. This feature provides a better understanding of scenarios and therefore increases the chances of success even further, increasing investor return on investment (ROI)
- Main Graph Quality: The main graph shows investors the most information regarding a potential investment. Although it looks simple, this is very important, when faced with investment, the ability to clearly visualize the situation helps in identifying trends. Most existing strategies are based on the interpretation of scenarios based on graphics and special tools, this feature should be maximized in its use.
- VIP Account Manager: This is a very specific type of customer service. Many brokers offer their VIP Accounts, Private account managers. These account managers act as dedicated customer service agents to individual traders, allowing for much quicker customer service queries.
- Personal consultant: Personal consultants can give you valuable tips about investing to maximize your level of profit. This feature is again usually available for users with high deposit volumes and VIP Accounts.
Hopefully, if you use the above guidelines, you will be able to choose a broker that will help you prosper and grow as a trader.
We cannot highly recommend to check out our #1 broker recommendation, as this is the one we use the most ourselves to trade, you will be in good hands.
Our recommended brokers score highly in every one of the above factors, they have very high regulation status, have won countless awards, and also have one of the most feature-rich and innovative platforms we have seen out of any currently available brokers.
How Do You Make Money With Options Trading?
You have found out about the potential to make good money with Options trading and you want to know-how. This is probably the main reason you are reading this article.
As we mentioned earlier, options trading looks very simple for the first sight, but it’s somewhat more complex than you might think. Because of this, we have dedicated a whole “Tutorial” section, the article you are currently reading is just the first part of it that is covering all the basics you have to know.
If you already know how to register a new broker account you can skip that article and jump straight to the “How to make money with online trading in theory” article.
Things To Remember!
- Risk is constant throughout all trades, but you will never lose more than you put into a trade.
- There is no need for stop losses in Binary Options Trading, you win or lose.
- Returns are on average 70%-90% per trade, sometimes even 100%
- Make use of Demo Accounts, Free Education and our Free Trading Academy, to give yourself the best possible start.
- Make sure your brokers are REGULATED
And most importantly: Using a good strategy and discipline is the key. Read our next article about how you can make money with online trading (link above), check out our FREE Trading Academy and start your online trading journey now!
Binary Options FAQ
How Much Money Should I Invest?
As with all investments, only ever invest what you can afford to lose. Obviously the more you invest the more profit you will make per trade. With $10 it is going to take you a long time to see sizable profits. But you can still learn a lot from trading at this level.
Investing around $100 is a good entry point for the average user, you can make some decent If you have the capital investing $1000 or more will provide the best benefits, you will gain VIP Status with most brokers, and gain access to all areas of the brokers’ platforms. You will gain more education and specialized tools, as well as dedicated broker support and account managers.
At the end of the day, you have to decide how much you want to invest, no amount is the wrong amount.
If Binary Options Are Profitable, Why isn’t everyone doing it?
80% of people who sign up for Binary Options brokers end up gambling their investment money with little thought or education.
Even though Binary Options can be very profitable, you aren’t going to see massive returns off $10, you won’t make thousands of such a small deposit, this can put off potential investors that are scared to deposit larger sums and just want to get rich quick.
How Much Profit Can I Make?
This depends on deposit size, trading activity, payout, commitment to self-education. It is impossible to tell how much profit you are going to make, however, we use strategies that work with around 75-80% accuracy when we trade. If you are interested in those strategies, sign up to the free academy where we will be revealing our methods.
Can I Try Binary Options For Free?
Yes, all of our recommended brokers have free demos you can try.
We encourage you to do so and spend a good amount of time on the demo before opening a real account with your hard-earned money. It does not matter how good the broker is if you don’t like or understand the platform they use.
Try your usual strategies, try new strategies, fiddle with all the possible settings. After doing that over several brokers, choose the one that felt right to you.
How Do I Withdraw My Winnings?
Please read our section on withdrawals in the article.
When Is The Best Time To trade binary options?
A crucial advanced part of your education will be the utilization of economic calendars.
Economic calendars list the times and days, when each country releases the latest data they have to the public. Certain brokers have better economic calendars then others.
Good brokers have “Data Release Days” with many of them offering bonuses for traders trading on that day.
This can be an absolutely brilliant way of increasing your profits on a day where you will have access to all the newest information.
Open a Free $10.000 Demo Account at our #1 Broker, Olymp Trade:
Binary Options Strategy – How to make money
Binary options trading is new and attractive way of making money on the Internet. It is defined as fast and simple trades with market assets such as gold, silver or Google stocks.
Simple binary options platform
In order to be profitable with binary trading you just need to predict if the price of selected asset will rise or decline in the next few minutes or even seconds. The accuracy of prediction can be increased using our strategies.
Our trading strategies
- >60 seconds
- >5 minutes
- >15 minutes
- >30 minutes
- >60 minutes
- >All strategies
Traders can make thousands of dollars crowns with very low risk in just a few hours. You will find the latest and best binary options strategies trade on our website.
Are you ready to make your computer your only employer and make a living by trading from the comfort of your home?
Our binary options trading systems are categorized by the expiration date.
To pull off our strategies, you will need the services of a forex rates program, and we suggest that you use the well known MT4 platform. You should try out a number of indicators so you can find the one that can offer you the best strength parameters. Once you have tested MT4 and found a broker, you need to follow some basic rules and strategies. Watch out for the strength and performance of your chosen currencies during middle of the US and UK market sessions. Once you have identified the currency pair, cryptocurrency or an asset you wish to trade, you need to can now start a trade. If your pair is GBP and Euro with GBP as the strongest, then you can call for a ‘PUT’ trade for EUR/GBP, and choose long expiry time. One of the most accurate binary options strategy is this one: Binary Options Strategy that Works.
Recent binary options strategy published
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„Three Ducks“ Trading Strategy
EUR/USD Price Action Strategy for Binary Options
The 1-2-3 Strategy
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Urban Towers Strategy – Awesome %
Binary Options Strategy – The Zig-Zag Indicator
There’s this common thinking that binary options trading is only best for the experienced traders around. Keep in mind that it’s one activity that’s open for everyone, at any skill level. In fact, you can even find specific trading strategies that can work for beginners. The idea here is to predict the movement of the prices, and take advantage of the movements. To take advantage of the best binary options strategy for beginners, we recommend to have a look at this one: A trading strategy for beginners.
Strategy for trading binary options
Binary option trade strategies are usually based on use of indicators. People often do not know how these work, therefore you can find the indicators description on our website.
Trading based on indicators may not be always a good idea. It is recommended to employ also technical analysis. This Binary options website contains lots of useful resources for technical analysis.
Easy binary options strategy
Thank you for visiting our website about binary options strategies that can work for beginners. For a start, you should know that binary options is never a ‘get rich quick scheme’. On the contrary, investing and participating in binary options trading requires patience and time, and can be a test of one’s commitment and skills. But the good news is that it can be a source of decent income on a regular basis and if done right, you can even quit your day job and concentrate on trading. But without the right set of strategies, any investing decisions will end up badly. If you want to be successful in this field, we suggest that you read our guide below and with every single strategy itself. There are surely some easy binary options strategy. One of the easiest ones is the Moving Average Strategy.
Binary options brokers
Not all strategies work with every broker on the market. There’s many, many types of binary options, such as high/low options, touch/no touch trading, boundary and so on. Every broker offers different types of trading, just as it is with expiration times.
Some brokers offer expiration times as short as 30 seconds. Other start with 5 minutes. That’s a reason why not every strategy can be traded with certain brokers. Underneath every strategy on this website, you will find a recommended broker the strategy works with. Good luck!
Binary option trade risk
Binary option trade is not a simple matter! Even if you have the best available strategy some things may go wrong. Therefore do not risk more money than you can afford to lose! However we will always recommend only the best and proven strategies.
Every strategy needs to be tested on a demo account first. It is very wise to use a binary demo account to try, whether the strategy works or not. If it doesn’t work for you, try a different one. There’s many options of getting a demo account, but not all demo accounts are the same. Check our option brokers comparsion table to find a broker who offers free demo practice account.
Beginners Guide to Binary Options
Nowadays Binary Options is very popular among user. The majority of the users think that it is the easiest way to earn a huge profit over a night or may in a week. If you’re the one who is new in binary options trading and know nothing about it, then we recommend you to read our this article about Binary Options.
We are not giving you any guarantee that you will become professional in Binary Options trading after reading this article, but it is confirmed that all your doubts related to binary options trading will be cleared and you will be able to make right decisions while doing trading.
So without wasting any second why don’t you start reading about Binary Options?
Best Binary Options Trading Robots 2020
What is Binary Options?
Binary Options may be mysterious for the users who don’t have complete knowledge about it. But the truth is that it is very easy to use with the functionalities they provide to investors. With the help of Binary Options, you can trade with stocks, currencies, indices, and commodities. Unlike traditional investment programs, in the industry of binary options, you don’t obtain the asset you trading with.
There is a different type of binary options and one of the most popular types is the high-low option. The good thing about it is that it involve the type of expiration time and asset. The amount you will get in return is fixed and you will find out what you will get at the time of expiry. You can read more about Binary Options on Investopedia.
You just need to calculate the direction in which the cost of the instrument which is effected by different financial indicator, market volatility, and economic changes will move.
In Binary Options the trade always ends up in two different ways:
In The Money (ITM)
This means that the forecast you have made about the trade is correct and has gone in the direction. Suppose you’re dealing with Apple Stock and you think that the price of the trade at the time of expiration will be higher. Now you will set your investment amount for the trade and wait. If the cost of the trade is higher in comparison to the one at beginning, then trade ends ITM.
In Return you will get the profit from the broker with a fixed return rate.
Out The Money (OTM)
Now what this means is that the prediction you made is wrong and at the time of expiry the price of the asset gone in opposite direction of your prediction. Let’s us take the example of Apple – What you predicted is that at the time of expiry the cost of the asset will be higher. But at the time of expiry, your asset price dropped. Now this means that your trade ends at Out The Money (OTM) and you have to face loss.
Benefits of Using Binary Options
There are lots of reasons why users are attracted toward binary options, but the reason we personally like about this type of trading is that the precise amount of decrease or increase in value is irrelevant, and you always have an idea about how much the losing trade going to cost you and how much profit you will receive when you will win the trade.
What is Binary Options Broker?
Binary Options Broker are the one who provide you platform for trading. If you check the internet, you will find that the internet is full of Binary Options Broker. Every broker gives you different trading options with different numbers of advantages or benefits. Daily a new binary options broker born in the trading world, but as per our knowledge there are more than 600 different brokers and most of them operate worldwide while other has some geographical limitations (like is available in US, UK or Canada)
The number of these Binary Options Broker is increasing day by day and due to which the competition between them is also increasing. Now, this thing is really beneficial for investors. Due to the competition, these brokers will find unique ways of trading and interesting features that will help traders while doing trading.
Importance of Binary Options Broker
One of the most important parts of trading is to select the broker because all your future trades win or lose will depend on him. It is the duty of every broker to suggest a right path to investor and help in earning a maximum profit with his knowledge.
Tip: If possible always create multiple accounts with multiple brokers so that you can grab maximum profit from all of them. This technique always helps you in overcoming your loss which you face due the losing trade or your broker is not performing well. Such scenario is possible with Option Robot.
Always keep in mind that there are lots of brokers exist over the internet that assures you that they are licensed and regulated. But the percentage of the real broker is very less, even most of the brokers are fake or SCAM. So before trading with any broker it is recommended that you must check your country’s financial authorities to confirm whether they’re regulating a certain broker or not. For example, Nadex is the only broker in USA which is regulated, so trading binary options in US is very difficult and risky due to low number of regulated brokers. By using unregulated brokers for binary options trading, basically you are gambling on gambling on binary options.
What is Binary Options Robots?
Binary Options Robots a.k.a an Auto Traders. The aim of the Binary options robots is to help you in getting more profit. Binary Options Robots are highly beneficial for novice traders who are new into trading and don’t know much about it.
It is a kind of application or software which run in your system background, examine, and outline huge amount of data which is available or fetched by analyzing the market moments and trends. How your binary options robots going to work totally depend on the algorithm or on the developer of the software. The more experience developer has about trading, the best algorithm he will create for the trading software and more Winning rate you will get.
What is Binary Options Signals?
Binary Options Signals is an outline of the information which you will require to make a decision about the trade while doing trading. These signals are used by Binary Options Robots to execute the trades. No matter about what you are trading in you can get a signal on a particular asset. The signal always alert you with a percentage that shows how far a given outcome will be reached.
Let take the example of gold. You have to select whether its price will go down or up. The Binary Options Signal will give you the percentage (let say) 89% of going it up at a time of expiry. Now this means that the possibility of predicting right if you really trust the signal is 89%.
Signs of Fake or SCAM Binary Options:
There are lots of Binary Options Trading Software available over the internet that is fake. So please follow below tips before selecting any Binary Options Software, and Broker:
- Avoid trading software who assure you 100% Winning Rate because it is not possible in trading.
- No binary options broker can make you rich over night so avoid these type of SCAMs.
- If Possible always starts with a demo account to analyze the trading system before actually investing in it.
- Always check the trading software or broker before creating an account. We time to time expose the fake Trading system. So keep checking our site for latest SCAM.
How to Start with Binary Options Trading System:
You just need to follow few steps to get started which are listed below:
- Visit the official website and register (Go for demo account if available).
- Select the Binary Options Broker to get started.
- Add minimum deposit into the account of broker to start trading (Minium deposit is $250 in most of the trading software).
- Check the binary options signals and start earning profits.
If you have any query or question related to Binary Options let us know in the comment and we would love to help you out in answering your query.
What are binary options?
You’re familiar with stock market trading. You can buy a stock, bond or even a commodity.
You own the asset, whether it’s a company’s stock or something like gold.
But there’s another way to make money, without owning the asset.
It’s called a binary option and here’s how it works.
The basics of binary options for beginners
A binary option is a bet you place on the stock market.
Gambling at a casino is mostly pure chance: red or black, 21 or bust.
With the stock market, it’s more about making an educated guess. But it’s still a guess.
You’re betting that a particular asset will either be up or down at the end of a set time.
As with any bet, there are ways to win and lose.
There are three main steps you’ll follow.
First, you’ll decide on the asset or market to trade in.
You could choose from things like:
- Commodities like precious metals
- Individual stocks
- Stock indexes like the S&P 500
Next, you’ll decide on an expiration date/time.
It can be the end of the day or the end of the trading week.
Finally, the good part: are you buying or selling?
What you’re actually betting on
After picking the type of trade and the time, the last thing is to buy or sell.
It works like this:
You’ve chosen the S&P 500. Do you think the market will go up or down by your expiration date?
If you think up, you buy. Down, you sell.
That part’s easy to understand, but you’ll need to do your homework to decide which way to go.
How much money is involved?
Unlike a casino, binary options only work in round numbers: £0 or £100 (hence the name).
Here’s an example:
You decide the S&P will go up, so you buy. Your contract strike price is £50.
- If it does go up, you get £100 plus your initial £50. Win!
- If it goes down, you lose the £50 you’ve paid.
If you decide the S&P will go down instead, it looks a little different:
- If it does go down, your profit is the amount you bid (£50).
- If it goes up instead, you lose both £50 and £50 more, because it adds to £100.
The folks at NerdWallet give some detailed advice on how to get started.
Get a little practice first
We get it, you’re new to binary options.
That’s why you’re reading binary options for beginners.
One way to get started is with a demo account: real info, real time, but not real money.
That way, you can practice without the risk.
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