The Benefits of Trading Binary Option are too numerous. The Nature of Trading the Financial Market on the Binary Option Platform is quite easy. Just click on the “Buy” or “Sell” Button, depending on the direction of the market you consider profitable to you.
On this post, we would be dealing with the Benefits and also hint on the risk associated with Trading the Binary Option.
The Risk:
Life itself is full of risk. Risk is the potential of gaining or losing anything of value foreseen or unforeseen. When you take an action out of uncertainty, that is a risk.
In the Business world, not to take an action is actually a risk. That is why many wealthy people are risk takers. And what is most important in the world of Binary option in order to make more profit and minimize losses is to take Calculated Risk. This is why you always have to follow your Money Management Rules when Trading. We have discussed it in our Previous Post and we would still touch on it later. No risk, no reward. Binary Option carries high level of Reward and Risk, but if you can master the strategies and analysis properly before trading, you will most likely be profitable. The Goal is to make excessive profits over losses.
Benefit – High and Fast Returns:
Yes, it is easy. In the world of Binary Option, the broker’s (Platform) will indicate the percentage of returns you can get on you investment within few minutes, 1 hour, 4 hours or 1 day; depending on the time-frame you select. As it is often being discussed, the return on investment on each trade you initiate would be between 50% to 90%. But the Average rate is about 75%.
Easy To Trade For Beginners:
The Broker’s Website / Platform are user-friendly with every setting and the indicators you need are visible and accessible. There are no need for Stop Losses and Take Profit settings or calculations. You only need to make predictable outcome of your trade. Study the historical movement of the asset you want to trade and you will likely make the right decision. The chart patterns can be easily understood. It is quite straight-forward.
Fixed Pay-out and Fixed Risk:
Whether you win the Trade by 1 Pip or 100 pips at the closing time of the Trade, you pay-out profit that will be added to the Invested amount will be the same. Unlike Forex where the profit on 1 pip would be lower than that of 100 pips. Pip means Price interest Point. Regardless of the price at the closing time, once it is above your entry price, the pay-out is fixed on the Percentage listed for Pay-out. As you get on board, you will get familiar with the Platform. Start by clicking here to trade with free $10,000 virtual money!
On the other hand, if you lose the trade, you know the amount you invested on that particular trade will be deducted from you deposit on the platform. That is why you only need to trade with between 2 to 5% of your deposit on the Broker’s Platform.
You already know what you will gain if the Trade goes in your favour and what you lose if the Trade goes against you.
More Assets:
With Binary Options, you have more access to trade other assets apart from Currency. You can trade Stocks, like Google, Facebook, Apple, etc.
Cryto-Currency such as Bitcoins and other Altcoins, Commodities like Gold, Silver, Oil, etc.
If you don’t feel like trading Currency, you can trade other assets. You are free to make your choices.
It’s Not Complicated:
Traditional Forex is quite complicated, but Binary Option is quite easy because you only need to predict if the price of a particular commodity will go up or down at a set time by you. It is a straight-forward Programme. You can win in minutes and it is suitable for all. Forex Trading can be very volatile, but Binary Option gives you the opportunity to know what you risk and reward is upfront. This makes Binary Options more cost effective.
Demo Account:
This is also known as a Practice Account. It contains virtual money for you to Trade and practice with. Once you open an account, you will have access to this account. This is where you can try out your Strategy over the time till you are confident to start Trading by yourself. It works in real time like your Real Account on the same Trading Platform.
Some Platforms give up to $10,000 and some $1,000. You can top it up. All the options are there for you to make your choice. There is a secret, make sure you increase your balance on the Demo Account. This will indicate that you are making progress, once you are confident, then you can go to you Live / Real Account and trade with your own Money, which you have deposited on the Broker’s Platform.
DEPOSIT / WITHDRAWAL:
You need to always read the Policy guideline on the Broker’s platform where you will be trading. It is very important for you to know the types of means of payment that is acceptable and the means of withdrawal. The Platform programme makes it easier for people to deposit money and make withdrawal at the same time. Once you register, they will get you verified. And same verification process is required by the first time you intend to take money out of the platform to your bank or your wallet or bank cards. The broker do not hold back client’s money. They pay you whenever you demand for a withdrawal instantly for some withdrawal methods. It depends on the option you select. Your deposits are safe as well as you withdrawals.
Conclusion
We can conclude by saying Trading the Binary Option is easier and better. It saves you time and efforts. Don’t forget your Money Management Rules and try to have a Trade Journal. Only Trade what you can afford to lose.
Treat this as a business. Start here with Free $10,000 Virtual Money!
For more information, please send your Full Name, Country and Telegram number to info@binaryoptionprofits.com