Basics of Binary Options Trading

MoneyTec Forums Binary Options Strategies Basics of Binary Options Trading

This topic contains 7 replies, has 4 voices, and was last updated by  McCoy 1 year, 3 months ago.

Viewing 8 posts - 1 through 8 (of 8 total)
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  • #945

    optionsagent
    • 0

    I am new in binary options trading. I wanted to know the basic details of binary options. please share your knowledge.

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    #946

    Intuition123
    • 0

    I suggest that you first get acquianted with the basic of what binayr tarding is at Wikipedia Binary option – Wikipedia, the free encyclopedia

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    #947

    binary_trader
    • 0

    Binary options trading is a simple form of trading but don’t make the mistake that it is simple to make a profit!

    In its basic form you simply have to decide if the price of an asset will move either higher or lower over the time-frame that you select. If you are correct then when the contract expires you will earn the profit on the contract. If you are incorrect and finish ‘out of the money’ then you simply lose the amount you have staked on the contact.

    Don’t mistake it for gambling as many people do. While technically it is a bit ‘red or black’ like the casino, you can make good money if you have solid strategies to trade. As with any form of financial trading you need to have a plan and play by the rules to make your money.

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    #948

    optionsagent
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    thanks for reply. I like your answer. you alert me in very simple language. many people said it is gamble what do you think ? what minimum amount we can invest for start trading ?

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    #949

    binary_trader
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    I think you can take two approaches to binary options- either simple wagering or approach it with a trading mindset. You can use strategies to make a profit and if you stick with this method you can make money. Personally I would look to steer clear of 60 second contracts as I don’ think you can trade too much of a viable strategy using them and they are prone to manipulation by brokers.

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    #1369

    Coleen
    Member
    • 26

    Although, I think you might not be aware of Forex either. If you are then it is absolutely similar to Forex with the only difference is that you are putting money on the direction of the market like if it’s going to move up or down and earn accordingly.

    As binary trader already explained it, I believe many people take it as gambling which makes them lose the fair bit. So, that is one aspect we need to look very carefully.

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    #1434

    FxTT
    Member
    • 24

    Binary Option trading is not exactly all that complicated, but not great in my eye. The simple way Binary Option is done by predicting the direction where the pair will go on the selected timeframe. So, if we are able to predict it correctly then we gain or else, it all runs around the payout option from the broker.

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    #1534

    McCoy
    Participant
    • 13

    Binary option trading can be called simple yet it is complicated too. Basically, it is about the mindset that we need to be wise with.

    If we keep our mindset wise then we will be able to approach things accurately. But if our mindset is not on the spot then we will face too many issues. I keep it all rather simple which helps me with making good returns.

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