Knowing how to trade Binary Options is the foremost step to get success at Binary Options Trading. All you need is following step-by-step instructions described below of how to trade Binary Options including matters of asset choice, investment amount, direction, and expiry time.
- Choose an asset you wish to trade
- Enter amount of investment and expiry time
- Select the direction
Select from dozens of tradable commodities, stocks, currency pairs and indices. It’s best to trade the assets with a preferred broker. You should generate your own analysis of your preferred asset so that you can make right decision, UP or DOWN, for the trade.
The monetary value of trade varies due to different traders’ budget while the expiry time can be from 60 seconds to 1 year. It’s taken for granted that the most profitable option traders tend to purchase multiple options and trade them simultaneously.
- Click UP if predicting that the asset’s market price will be higher than the expiry level. Place a Call Option.
- Click DOWN if predicting that the asset’s market price will be lower than the expiry level. Place a Put Option.
For the best choice, keep an eye on the market news and analyze the current trends during your trades. Selectively follow financial advice and market analysis to make informed decisions.
Monitor the options’ performance regularly during your trades from the account portfolio page. It’s possible to get a return of 65% – 91% on the top of original investment if your prediction on the asset’s value is correct. It means your trade expires “In-The-Money” and you receive full profits with no spreads and no commissions.