What are Binary Options? Binary trading is the latest financial tool to trade assets and allows traders of all backgrounds to change in the markets with minimal risk. In changing binary options, you predict whether an asset class will be above or below a specific price at a particular time.
What are Binary Options
People of all backgrounds from all countries are signing up daily to become binary options, traders because of the ease and profitability of trading. So many traders love the ephemeral nature of binary trading that within just a few minutes, you can earn up to 95% of your original investment, which is unheard of in other areas of the global financial markets.
Binary trading is often referred to as “yes or no” investments. If an asset is above a set price, you predict “yes” and buy the binary option. Conversely, if you believe an asset class will fall below a fixed price, you expect “no” and sell the binary option.
What are Binary Options
There’s a low barrier to entry. The minimum deposit starts at 5$! A binary option contract won’t cost big money because you can start from just 1$. You’re not buying the underlying investment or the option to buy the underlying asset. You’re simply placing a bet on how that investment’s price will move – up or down.
Free and unlimited demo accounts are available on many binary options broker’s websites. Demo accounts do not require a deposit. You can use a demo account to familiarize yourself with binary options trading methods and strategies. Use your demo account until you are ready to start trading real money.