How to Get Started With Binary Options Trading

in #genesisproject3 years ago (edited)

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Binary Options currently is increasingly becoming part of the top investment and money making offers to investors and individuals. It is relatively like placing a bet, guessing if a market will rise or fall in value within a specific period. On the other hand, it is convenient because you know your risk and the profit expected and the time frame, by the way, you can start and get involved in financial marker without large capital required.

There are 3 easy steps to get started:

  1. CHOOSE A PREFERRED BROKER Choose from the various binary options brokers available, but check for their genuineness (I personally recommend Iqoption.com). It is a friendly platform to beginners and not too complex to get familiar with.

  2. Register a broker account for trading with the above broker and build up a good variety of assets.

  3. Start trading(4 steps to trading)
    i. Select the Asset to Trade: Trading platforms have different assets such as currencies, indices, stocks and more commodities to select from.

ii. Predict the Price Movement: This is to choose the trade to place. If you predict the price of the asset to rise, select Call(UP). If your prediction is that the price will fall, select Put(DOWN).

iii. Decide on the Amount to Invest: Decide how much you want to invest and the expiry time of the option.

iv. Collect the Winnings: Collect your winnings up to 80% of your correct trades.

P.S On iqoption.com, there are tutorial videos to introduce you to binary options, watch them all, and put then to practise.

I'd be putting up the beginner strategy to trade with in my next post... Keep practising, Keep Winning.

SB

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This is cool...i would love to know more and invest but i need an expert like you in the field
can you kindly drop your contact information sir

Don't do it, binary options is just gambling.

Binary options have nothing to do with trading, it's just the same like gambling.
I have wrote a post about it:
https://steemit.com/business/@niel96/fkheawcex

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