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Binary Options Broker Reviews

Dec 1

👉⚡🆕How Binary Options work

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While binary options may seem similar to traditional options, the two bear a minimal resemblance. Binary options have different payout conditions, risk, and fee structures.
Additionally, binary options boast unique liquidity structures and investment processes. But perhaps the best thing about binary options is that they are easy to understand:

=> Binary options are financial instruments that have a set expiration time and date. These instruments also have an associated strike price. If the trader's estimation of the asset's price movement is accurate at expiry time, the trader makes a pre-stated amount of money.

By the same token, if the trader's estimation about the asset's price movement is incorrect, they will lose the amount they invested in the option. The trader will never incur any further loss.

It is also possible for a trader to exit a trade early and lock in their profits if their price-action stipulation is accurate.

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The deceptively simple trading logic of binaries makes them a highly popular trading method across traders of all skill levels. Furthermore, these instruments can be traded on most markets, including cryptocurrencies, stocks, commodities, indices, and forex.

📌Step 1: Recognize Market Trends
To make money trading any financial instrument, you must enter the market knowing all of its current trends. You must also have a clear prognosis of the outcomes of these trends. Once you have a good idea of market trends, you will know with greater certainty whether the price of an asset will rise or fall by a specific time. You can then use binary options to cash in on your insight.

Every trader forms opinions and price action projections based on their experiences in the market. However, no one can look into the future and definitively predict price movements.

New traders must rely on the same tools as experienced traders to form opinions. One of the easiest and most accurate ways to forecast price movements is to look at market forecasts and financial events. Since these are open to interpretation, every trader has unique insight into market activity.

Another excellent way to find successful trading binaries is to read the news and stay up-to-date with what's happening in the market.

The events that affect daily life – current affairs, politics, business developments, technology releases, etc. – are the same events that influence the prices of assets.

Learning how to read charts and conduct technical analysis, attending webinars, and monitoring the economic calendar will give you the edge you need to make winning trades. All such information is posted and updated on our page
https://www.facebook.com/BinaryOptionsStrategy/

📌Step 2: Set Expiration and Strike Price
Learning to pick the right strike price and the expiration time for your binary options contracts can seem tricky – especially for new traders.

While the contracts have a simple structure, having a prediction and a strategy in place is critical to reducing the possibility of losing money on trades.

There is an easy way to go about selecting the right strike price. It requires you to consider two factors of the trade: the probability of profit and the risk of loss.

You must look for a strike price that gives you the highest chances of making money while keeping the risk of loss to a minimum. To determine the probability of making money, work out the mid-point between the bid and the offer prices.

Using a demo account is the best way to learn how to determine the odds of winning and the risk of loss.

Binary contracts can be set to expire in five minutes and can also remain valid for weeks. Shorter contracts typically do not generate large payouts as week-long contracts do. You must rely on your market research to set an expiration time.

📌Step 3: Place the trade
After you determine your strike price, placing your trade shouldn't be much hassle. First, select the strike price on your broker/exchange's portal. You can either do it by using a radio button or by clicking on the chart.

An order ticket should appear next, and you should be able to click the buy or the sell button depending on what you want to do. You must then select whether you want to place a limit order or a market order.

Lastly, you must fill in the size box to indicate the number of contracts you want to buy. After all the details have been filled in, you can hit "Place Order."

📌Step 4: Wait till expiry or close-Out
Cryptocurrency markets are often liquid, and market orders are typically filled immediately. You should be able to see your order appear in the "positions" window on your brokerage's interface.

Limit orders typically take longer to get filled and remain in the "orders" window. The order moves into the positions window when it gets filled. You can monitor all of your several orders from the positions window in the interface.

There's always a chance that the trade won't work as planned. If you find that the market is moving against your position, you can exit the trade early and limit your losses.

By the same token, if the market is moving in your favor, you could lock in your profits by exiting the trade early. Then, if there is no change in the asset price at expiry, your contract will settle at zero, and you will get your investment back.

=> Bitcoin and other crpyots are an underlying asset for Binary Options

Cryptocurrencies like Bitcoin are traded on different decentral exchanges over the world. People exchange their Bitcoins against other currencies. For Binary Options the Bitcoin is only an underlying asset. That means you do not buy any cryptocurrencies just the contract for Binary Options from the broker.

Why is trading Bitcoin with Binary Options is better than any other assets?
As I mentioned before trading Binary Options with the cryptocurrency market works like trading with any other asset. But why you should start trading Bitcoin for example?

Bitcoin and other cryptocurrencies are highly volatile assets. That means the price is changing very fast and jumps through a lot of different numbers. It is not rare that bitcoin changes its value against the USD of 20% per day. Also, other coins are very volatile. As you know for Binary Options the price has to be higher or lower than your entry point. If the market moves so fast the chance that price moves more points in your direction is higher.

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