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Binary Options are a way that anyone can profit from the movement in
value of a large and dynamic range of commodities, assets, stocks and shares or
even Forex. The reason why these types of financial trades have become so
hugely popular is that traders have to make just one of two possible decisions
when placing them, that being a YES
or NO decision which in Binary Options
trading are known as Put or Call trades. There is no requirement to actually purchase for example gold
bullion if you wish to place a Binary Options trade on the value of gold, you
simply need to decide whether the value of gold will rise in value or fall in
value over any given time period. One major advantage of placing Binary Options trades is that you
will find a range of different expiry times are available which can be as short
as just 60 seconds or as long as one month.
If you are new to the world of Binary Options trading then below
is a 10 step guide which will enlighten you on all there is to know about
placing Binary Options trades at any of my featured Brokers.
I have more than confident that once you read through the
following guide you will be able to place a large and very varied range of
Binary Options trades online either via a no risk demo trading account or as a
real money trader.
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1.Which Trades to Place
The first decision you need to make when you
are thinking of placing any type of Binary Options trade is just what asset,
commodity or stock exchange you wish to place your trades on.
Once you have made an educated decision on
just which type of asset, commodity or stock exchange you are interested in
placing your trade or trades on you will need to decide just which way you
think the value of that trade will move.
If you think for example the value of let’s
say oil will fall in value (meaning you think the price will go down) then you
will need to place a Put option,
however if you think that the value of oil will increase in value (meaning you
think the price will go up) then you will need to place a Call option.
2. Choosing a Broker
You will of course
need to select a Binary Options Broker to place your trades at, and with that
in mind we would advise you to take some time taking a look through each Binary Options Broker.
Each Broker I have chosen to showcase on this post
is fully licensed and regulated, and each of them offer a very wide range of
tradable assets and many of them are also additionally offering new traders a
welcome bonus offer which will massively increase the value of your initial
deposit.
Each Broker will also
have a range of different account types, and it is important that you choose to
open an account that will give you access to the maximum benefits and extras
based on the level and volume of trades you place.
Ideally consider
opening up accounts at each of the featured Brokers, for there will be many
benefits of doing so as you will find out in step four.
3 Choosing an Expiry
Time
Once you have chosen the type of asset you wish to base your
Binary Options trades around and have selected a Broker at which to place your
trades at, then you need to decide on an expiry time for your trades.
You will find that you
can place trades which last for just 60 seconds or can place much longer term
trades which will expire in one month. It is important that you select the
expiry time you would prefer as there are lots of different events that could
affect the value of any financial assets that you place your trades upon.
4. Understanding Potential Gains
When you are considering making a purchase of a large ticket
price item, you will always shop around to ensure you get the best deal
possible.
This is something that
you should consider doing when a Binary Options trader, as the financial gains
you can make out of every single trade you do decide to place can and often
will vary from Broker to Broker.
So your next step
should be to take a look at what the potential gains will be on your chosen
trades at several of our featured Binary Options Brokers, as by comparing them
you will be able to select a Broker offering you the maximum returns on your investment.
Although you will have made something of a rigorous effort when
selecting just which trades are likely to result in a financial gain, you
should always make use of all tools at your disposal to ensure the trades you
are considering placing will result in a gain.
Though many Brokers
offer the latest financial news stories which are often found on their news
feeds, some traders also allow you to see which trades are currently popular
with other traders. Always be on the lookout for Brokers which offer some form
of Trending Options Feature, as by
making use of the tool you will be able to easily spot which trades are
currently attracting the highest volumes of trades from other money traders.
Competition between Binary Options Brokers is
of course something you should always keep in mind as a trader, for you will
often find you can make use of a range of promotional offers to help you
increase the value of your trading budget.
Welcome sign up bonuses are of course very attractive to traders
however be on the lookout for loyalty based promotions that many Brokers will
offer you. Those loyalty bonuses and promotions can include deposit match
bonuses and even risk free trades. So always double check to see if you qualify
for any additional trading bonuses as they will allow you to lock in additional
value and are certainly worth investigating before you simply place your chosen
trades with your own funds.
7 Instantaneously Placing Trades (Mobility)
You are never going to know in advance when a
potentially profitable trading opportunity will suddenly become available, and
that is something you do need to keep in mind.
As such you are best
advised to have access to both an online trading account and also a mobile
trading account at each Broker you sign up to. By having access to a mobile
trading account you will of course be able to place your trades at any time and
from anywhere.
Many traders will look into the possibility of
hedging(meaning placing both PUT and CALL trades on a certain stock, or
commodity, etc.) any live and active trades they have open or they may place a
range of trades on which both sides of the trades are covered in two completely
separate trades. One way of doing this would be to open up accounts at
different brokers and make use of their high valued welcome sign up bonuses,
and then using those bonus funds to cover each side of a trade.
9 Roll Over or Roll Forward Feature
You will find
another feature has started to become available at many Binary Options Brokers and
this is something known as a Roll Forward feature. This type of additional
trading opportunity will only become available to you when you have a live
trade placed.
A Roll Forward option
is a way of extending the expiry time on any live trades you have placed, and
when you take this option the expiry time will then be extended to the next
available one.
10. Early Exit
While many traders will be more than prepared to wait until the
expiry time has been achieved on all trades they have placed, if you become
aware of any potential events that could see the value of your chosen trades
swing in the opposite direction that you have chosen, while you trades are
currently in line for a payout, then you can consider taking an early exit. Many Brokers will offer you an early exit option, and while you will have to pay a
fee to end your trades before they are due to expire, by doing so you will have
at least locked in a trading profit from those trades. However, only ever
consider taking an early exit if you are convinced any potential gains you will
make once you trade naturally expires are going to become losing trades due to
current events that you may have suddenly become aware of.
Professional Training
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If you would like to learn how to trade like a pro you might want
to consider taking a trading course.
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