In the world of financial trading, binary options or Digital Options ( Fast Trading) are a way of trading that is heavily used. A binary option is when an investor chooses if an asset will go up or down in a given time frame. All binary options are categorized into 2 types. These are the cash-or-nothing or the asset-or-nothing. The cash or nothing pays a fixed amount while the asset or nothing pays a value. Some people do not believe that binary trading is good to use because of the issues that come with taxing them. In many countries around the world, investors are required to pay a taxation fee on binary trading.
Assets included with optimizing binary
Assets are different options given of stock, currency, and investments that hold a value that can be sold and traded for a profit. There are many assets that are integrated with binary options. These include your frequently used assets such as currency and crypto pairs such as EUR/USD, AUS/USD, AUD/JPY, BTC/, and ETH/USD. Another asset is commodities such as gold and oil and lasts your indices such as S&P 500 or Dow 30.
There are around 100 options of assets or trading instruments available on the top digital options trading platforms. Assets of Binary option fall into different categories like Indices, Currency Pairs, Commodities, Cryptocurrencies and Stocks. Best among the indices are Dow Jones and Nasdaq, Best currency pairs are AUD/USD, EUR/GBP and EUR/USD, Best commodities choices are Gold, oil, and Copper, Best stocks of different companies are Apple, Microsoft, Google, Citigroup, British Airways, Vodafone and Morgan Stanley.
Cryptocurrencies
Bitcoin and Ethereum are among the most popular cryptos to trade on online trading platforms.
Option Expiration
This is the factor that plays an outstanding role in the binary option trading. This will decide not only the options expiry date but also the amount of profit one gets from the options trade. Today there are many choices for expiry times and the chooser must be more careful. There are options that will end up in the next few seconds, minutes, or hours. These type of options provides a good profit and is very handy for experienced traders as they will know the outcomes of the trading very well. There are also expiry options of a day, week, and month, but it is highly essential for the trader to know when to choose them. Generally, it is very good to choose this long-term expiry when the assets are in multiple choices as this will give a decent increase in profit over time.
Binary Option Types
There are numerous types of binary options and major among them are the “Cash or nothing” binary option and the “Asset or nothing” binary option. In the “Cash or nothing” binary option the buyer will be paid a fixed amount when the option expires and in “Asset or nothing” only the value of the asset will be paid. Three other most important and outstanding binary options types are “One Touch”, “No Touch” and “Double One Touch / Double No Touch”. All of these work in a completely different way which is explained below. In “One Touch” the contract of the buyer will end soon after the asset price meets the predetermined mark. “No Touch” binary option is completely reverse of “One Touch” and here the contract will be paid to the buyer if the contract expires without reaching a certain level. In “Double one Touch” and “Double no-touch” binary options there will be two levels and the asset price has to reach both the levels in the first option and it should not reach both the levels in the latter option.
Binary Option Bonuses & Promotions
Today online trading has got more importance and people are looking forward to making money very easily by involving in trading. There are many websites where one can trade and they are providing much bonuses offers to attract more and more customers. Binary option trading is the best choice for the full time and also for part-time traders as there will be different categories of bonus offers made available. The most prominent among all the bonuses are membership bonus where one will get some extra amount added to the account when joined to any of the online trading system. When you join with an initial deposit of $100 some of the trading system provides $100 and thus the total deposit in the account will be $200 which can be used for trading. But the main important thing to be considered here is the terms and conditions. This deposit amount can not be withdrawn until some threshold is reached this will make the trader lose even his/her deposit amount. Watch out for all these spikes and have a good comfortable ride in online trading.
Binary Option Loyalty Offers
The traders have to be kept happy by motivating them with different offers now and then. This helps to keep the customers intact in the system without losing them to other trading systems. Here one can accept loyalty offers when you deposit some amount in your account. This is to attract and make the traders deposit more amount and trade more. This will increase the popularity of the system and hence it can be called the marketing strategy used by many online trading systems.
Binary Option Payouts
The main reason why people trade online is to get good returns. Generally, in binary option trading, there will be a good return. In binary options trading, there will be a return of 81% for the trades which are in the money and there will be a return of 15% for the trades which fall out of money. The return provided for trades that falls out of the money is outstanding in this option of trading and this is the main aspect that has attracted more customers for binary option.
Binary Option Banking
The banking in binary options trading is made easy as the traders can deposit or withdraw the money through the most popular cryptocurrencies ( Bitcoin, Ethereum, XRP, Doge,..), e-payment wallets ( Perfect Money, Jeton, Payeer, ADVcash,..) , and credit cards. This easy mode of transaction and the less commission for every transaction has made the traders trade more and more.
Binary Option Support
The support provided for the traders is outstanding. If there are any issues in binary option trading the support team can be contacted at any point in time and in any means like telephone, live chat, or email. This support will be provided 7 days of the week.
Trading Platforms
There are many software platforms available for binary option trading and some of the software will provide good understanding of the various aspects of the market which will make the traders have a good analysis of the future market. There will be a day to day trade market news published which is very important for the traders. There are sections where a fresh or new trader wants to know more about binary options trading.
Indicators and Signals
Most proprietary trading platforms offer all types of indicators such as Accelerator Oscillator or RSI, and signals to carry out technical analysis.
Social Trading
Social trading is one of the great features offered by some brokers, where you can follow the most successful traders and copy their trades.
Metatrader Platform
Some of them provide the Metatrader forex platform, MT4, and MT5.
How to trade using binary options?
Open an account on a trading platform and add money to your account. Many platforms offer bonuses upon joining. Pick your asset and choose if the return will go up or down. At the expiry, you will learn if it is a loss or gain in your favor.
Demo Account
You can start with a free demo account to practice.
How to choose a broker for binary options or Digital Options
When choosing a broker, make sure you have information regarding if they are regulated. Second, have a look at their customer service department and their reputation. Third check out the different types of trades they offer and the software used. Last check out their payout due to the payouts being very diverse when coming to binary options. We have constructed a list of the best-known and reviewed binary brokers.
All these brokers have good startup bonuses as well as reputation and customer service. Try setting up a demo or micro account this way your investment is protected. You can learn skills and crafts in the trading industry. You will grow as you learn the trading system and soon you will be on your way.
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