Become a smart Binary Option trader | Forexing24

We have tried to be as completely and diverse as is possible in regards to putting these questions and answers together, however if you find you still have some questions that you need the answers to them carry on looking around this website as you will find the answers you are looking or if you do, as we have put together a very wide and diverse range of other questions and answers type guides and articles to enable everyone to get their head around how Binary Options work and operate and how you can quickly get involved in them.

How do I trade?

To invest in a Binary Option in an underlying asset, you first decide whether the option price at the moment of expiration will rise above or fall below the current strike price. Predicting for a price rise – makes it a ‘call’ option. If you predict the asset’s price to drop under the strike price- it’ll make it a ‘put’ option.

Then, you choose the option’s expiration time; it can range from one hour to one month. Next you decide upon your investment amount. Your payout will be pre-determined according to your investment. To execute the trade, you then either click on the ‘put’ or the ‘call’ button. Following this action, an investment sheet will open up, for you to enter the trade information and approve it. The information sheet will remain on your screen from that moment onwards and will constantly update according to your underlying asset price change.

Why Did you Start Trading Binary Options?

Why did I start trading? No matter how many times I ask myself that question, the answer is the same: to be free to do the things I like. I didn’t want to have a boss or to be a boss anymore. There was nothing wrong with working (trading is a lot of work too), just that I didn’t like getting up in the morning and doing the same thing every day in anticipation of a paycheck which only allowed me to cover my basic needs. Ok, that’s a brief explanation of my reason, but it doesn’t mean other reasons are wrong. People may choose to trade Binary Options for the thrill, for fun, as a hobby, as a side business and all of them are valid reasons. The thing is that once you know why you are doing something, you can start doing it right, so why do you want to trade Binary options?

What is order execution?

Order execution expresses the way your trade is submitted. Because the market prices tend to randomly alter, not every submission of a trade request is approved. Therefore, to ensure that your trade request is submitted according to your terms, the order execution tool enables you connect your trade to the markets, and control the price at which your order/trade is executed.

What are the returns on successful investments?

The return on a successful investment will make you a wealthier trader by 65%-100%. Each and every underlying asset has its own pre-determined payout which is clearly indicated on the website. The pre-determined payouts vary amongst the different underlying assets.

For example, if you invest $200 in a ‘call’ option of an asset with an 85% pre-determined payout; you make a $170 profit on top of the $200 investment

How can I spot profitable trades to place?

The only way that you are going to be able to truly master making repeated profitable winning trades is through experience. With that in mind you should always be aware of any breaking news stories and keep abreast of all of the current business and financial news stories, and also be prepared to act instantly once you spot a profitable trade!

What does the maximum winning percentage for trading platforms mean?

It is the maximum returns, which you can get on an investment. For instance, in Banc de Binary platform it is 91%. If you invest $100, you get a profit of $91.

Do I Want to Trade for Fun and Thrill?

I must admit that watching a trade complete its course can be fun. Well, not actually watching those candles go up and down – that’s pretty boring – but thinking about the money you are going to make is fun. While the expiration approaches and your trade is well in green territory you start thinking about your next win and then “What if?” comes to mind: What if I could make this amount of money every day? What if I can do it for an entire month or even year? Yep, that’s fun but then again if you’re doing it for fun, why don’t you go to a casino? It’s a more social experience; you meet people, waitresses with deep cleavages serve you drinks, everybody pays attention to you if you win… come on, wouldn’t you “trade” that over a lonely computer screen? And anyway, roulette is not that different compared to Binary Options if all you do is gamble. Sixty seconds Put or Call, Red or Black… all the same, all fun, no pressure.

Why am I unable to invest?

If a trader’s account holds insufficient funds, he won’t be able to complete an investment. Opteck options operate within the market hours and outside as well, and although you will be able to see the value of the asset, the platform won’t allow you to complete investments.

From time to time there are occasional, short-term technical difficulties which prevent investing. These problems are often resolved quickly, and soon after the investor can once again place investments.

Will I have to wait long to get paid my Binary Options trading profits?

You will be paid usually within 24 to 48 hours of you requesting a cash out form any of our featured Binary Options Brokers, but do be aware there are lots of other broking sites available online and those other sites can take weeks and occasionally months to pay you your cash outs so stick to those listed don our website to ensure you get paid rapidly and on time every single time you cash out!

Do I Want to Trade as a Side Business?

Some guys start trading to add a little extra to their income. You know, the salary pays the bills and profits from Binary Options pay for the car you always wanted but was too expensive or for an extra star at the hotel you’re gonna stay during your next family trip. Usually guys who look at binaries this way are a bit more conservative than the ones who do it just for fun. The difference is that the first guy gets his thrill independently of the outcome of his trading: win or lose, it doesn’t matter because he is not trading for money but for the feeling he gets. The second guy has a goal to achieve; he needs to make money out of trading and he cannot afford to lose part of his salary, which pays the bills. Furthermore, he cannot be suckered in by brokers who ask him to deposit more for a bigger bonus or by scammers who promise the Holy Grail for $99,97.

Do I Want to Trade for a Living?

If you are trading for a living, you will have a much bigger pressure on your shoulders than the Fun Guy or the Extra Income Guy. The first one doesn’t feel any pressure because he doesn’t trade for money, just for the thrill; the second guy needs the extra income to achieve better quality of life for him and his family so he has some pressure but he also knows that bills can be paid from his salary. Now, the Trade-For-A-Living Guy, the one who wants to become a Pro and to make his money exclusively from trading is under a lot of pressure. After all, if trading doesn’t work, how is he going to pay the bills? In fact how is he going to eat if his trading is not successful? Borrow money for food and rent? That’s a gut wrenching feeling… and needless to say, this guy has to be on top of his game. He has to be a well oiled machine that does exactly what it’s supposed to do, exactly when it’s supposed to do it. Countless hours of learning and practicing are required and the decision to trade for a living must be made only when you are in complete control of all the aspects of your trading. Be prepared because the road is long and tough… but the rewards are almost amazing.

Are Binary Options trading platform complicated to use?

You will find Binary Options Broking site trading platforms have been made as easy to use as is possible, and in fact as you can sign up and start to use them via a demo trading account you will be able to put them fully through their paces before you invest any real money and start trading for real. Please do test out several different trading platforms for whilst they are certainly not difficult to use what you will find is some of them have more advanced features attached to them which you may find very helpful and handy.

Which One is Best? Which One Should I Choose?

No matter what path you choose to follow, make sure you stick to it and don’t mix it with others. In other words, if you want to make a living out of trading, don’t treat binaries like a gambling instrument. If you choose to trade BO for fun, why bother with strategies and learning stuff? Just trade! Because all the complicated terminology and concepts can take the fun of out of it. There’s nothing wrong with trading for fun or gambling on binaries as long as it makes you happy… just don’t assume you are a trader. Bottom line is: the best way is the one that fits you, not the one that others consider best.


Binary Option University

All Lessons in Part 1: Mastering Binary Option Trading
Lesson 1: Become a smart Binary Option trader
Lesson 2: Trade Binary options to impress
Lesson 3: Binary Option Trading as a job
Lesson 4: Binary Option trading Addiction
Lesson 5: VIP Binary Options Traders
Lesson 6: How to grow winning habit
Lesson 7: Binary Options Mobile Trading

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David Richard

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