Binary option trading guide - Trading Binary Options with planetOption
10 Steps to Binary Options Trading
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Transcript of 10 Steps to Binary Options Trading
BinaryTopGun.Com
Binary Options Guide E-book | Thomas Jan
BINARYTOP
GUN.COM 10 STEP TO BINARY OPTIONS TRADING
1 GET FINPARI BONUS UP TO 100% CLICK!
Binary Options are a way that anyone can profit from the movement in value of a
large and dynamic range of commodities, assets, stocks and shares or even Forex.
The reason why these types of financial trades have become so hugely popular is
that traders have to make just one of two possible decisions when placing them, that
being yes or no decision which in Binary Options trading are known as Put or Call
trades.
There is no requirement to actually purchase for example gold bullion if you wish
to place a Binary Options trade on the value of gold, you simply need to decide whether
the value of gold will rise in value or fall in value over any given time period.
One major advantage of placing Binary Options trades is that you will find a range
of different expiry times are available which can be as short as just 60 seconds or as
long as one month.
If you are new to the world of Binary Options trading then below is our 10 step
guide (infographic) which will enlighten you on all there is to know about placing Binary
Options trades at any of our featured Brokers.
We are more than confident that once you read through the following guide you
will be then able to place a large and very varied range of Binary Options trades online
either via a no risk demo trading account or as a real money trader.
10 STEPS ARE:
1. What Trades to Place
The first decision you need to make when you are thinking of placing any type of
Binary Options trade is just what asset, commodity or stock exchange you wish to place
your trades on.
Once you have made an educated decision on just which type of asset, commodity
or stock exchange you are interested in placing your trade or trades on you will need to
decide just which way you think the value of that trade will move.
If you think for example the value of let’s say oil will fall in value then you will need
to place a Put option, however if you think that the value of oil will increase in value then
you will need to place a Call option.
2. Choosing a Broker
You will of course need to select a Binary Options Broker to place your trades at,
and with that in mind we would advise you to take some time taking a look through each
of our reviewed Binary Options Brokers.
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Each Broker we have chosen to showcase on this website is fully licensed and
regulated, and each of them offer a very wide range of tradable assets and many of
them are also additionally offering new traders a welcome bonus offer which will
massively increase the value of your initial deposit.
Each Broker will also have a range of different account types, and it is important
that you choose to open an account that will give you access to the maximum benefits
and extras based on the level and volume of trades you place.
Ideally consider opening up accounts at each of our featured Brokers, for there will
be many benefits of doing so as you will find out in step four.
3. Choosing an Expiry Time
One you have chosen the type of asset you wish to base your Binary Options
trades around and have selected a Broker at which to place your trades at, then you
next need to decide an expiry time for your trades.
You will find that you can place trades which last for just 60 seconds or can place
much longer term trades which will expire in one month. It is important that you select
the expiry time you would prefer as there are lots of different events that could affect the
value of any financial assets that you place your trades upon.
4. Understanding Potential Gains
When you are considering making a purchase of a large ticket price item, you will
always shop around to ensure you get the best deal possible.
This is something that you should consider doing when a Binary Options trader, as
the financial gains you can make out of every single trade you do decide to place can
and often will vary from Broker to Broker.
So your next step should be to take a look at what the potential gains will be on
your chosen trades at several of our featured Binary Options Brokers, as by comparing
them you will be able to select a Broker offering you the maximum returns on your
investment.
5. Trending Options
Whilst you will have made something of a concerted effort when selecting just
which trades are likely to result in a financial gain, you should always make use of all
tools at your disposal to ensure the trades you are considering placing will result in a
gain.
Whilst many Brokers offer the latest financial news stories which are often found
scrolling on their news feeds, some traders also allow you to see which trades are
currently popular with other traders.
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As such be on the lookout for Brokers which offer some form of Trending Options
feature, as by making use of the tool you will be able to easily spot which trades are
currently attracting the highest volumes of trades from other real money traders.
6. Increasing Your Trading Budget
Competition between Binary Options Brokers is of course something you should
always keep in mind as a trader, for you will often find you can make use of a range of
promotional offers to help you increase the value of your trading budget.
Welcome sign up bonuses are of course very attractive to traders however do be
on the lookout for loyalty based promotions that many Brokers will offer you. Those
loyalty bonuses and promotions can include deposit match bonuses and even risk free
trades.
So always double check to see if you qualify for any additional trading bonuses as
they will allow you to lock in additional value and are certainly worth investigating before
you simply place your chosen trades with your own funds.
7. Instantly Placing Trades
You are never going to know in advance when a potentially profitable trading
opportunity will suddenly become available, and that is something you do need to keep
in mind.
As such you are best advised to have access to both an online trading account
and also a mobile trading account at each Broker you sign up to. By having access to a
mobile trading account you will of course be able to place your trades at any time and
from anywhere.
8. Hedging Your Trades
Many traders will look into the possibility of hedging any live and active trades they
have open or they may place a range of trades on which both sides of the trades are
covered in two completely separate trades.
One way of doing this would be to open up accounts at different brokers and make
use of their high valued welcome sign up bonuses, and then using those bonus funds to
cover each side of a trade.
9. Roll Forward Feature
You will find another feature has started to become available at many Binary
Options Brokers and this is something known as a Roll Forward feature. This type of
additional trading opportunity will only become available to you when you have a live
trade placed.
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A Roll Forward option is a way of extending the expiry time on any live trades you
have placed, and when you take this option the expiry time will then be extended to the
next available one.
10. Early Exit
Whilst many traders will be more than prepared to wait until the expiry time has
been achieved on all trades they have placed, if you become aware of any potential
events that could see the value of your chosen trades swing in the opposite direction
that you have chosen, whilst you trades are currently in line for a payout, then consider
taking an early exit.
Many Brokers will offer you an early exit option, and whilst you will have to pay a
fee to end your trades before they are due to expire, by doing so you will have at least
locked in a trading profit from those trades.
However, only ever consider taking an early exit if you are convinced any potential
gains you will make once you trade naturally expires are going to become losing trades
due to current events that you may have suddenly become aware of.
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