If you are looking for a way to make some extra income with low risk, then Binary option trading is for you. Profits on binary options do not depend on how much the price actually changes it is purely predicting the direction in which the market is going. YThe most important part of Binary Options Trading is to pick the right asset for you. Brokers will offer you many different choices like currencies, stocks, indices etc. Although being spoilt for choice and able to diversify your investment portfolio this can become a challenge. What we have found to be the optimal time to make the most profits Binary trading would be during a volatile time. You need to keep in mind though that some assets when the market is good. Therefore in order to do the best you need to take a close look at the market you are trading on. Here are some ideas of markets available to you:
Also known as the Forex Market. This can be explained by pairing up currencies for eg the ZAR (South African Rand) with the USD (United States Dollar). You will be given the choice of a number different currency option comparisons. The beauty about this market is that it is unregulated and therefore volatile. Look for economic news releases when trading Currencys with Binary Options.
These are very similar to currency markets and are traded 24/7. Due to the bundling of assets together it is much easier to trade than stocks and commodities. You need to be really patient with these as they can take a long time to show any trends or respond. Wait for an announcement by one of the companies of the index before buying. One should have an understanding of each index as they will all react differently.
One only needs to look at IBM, Google, Microsoft to get an idea of popular stock examples. Trade these after big news announcements as they are more influenced these. Look for company’s earning reports.
These are the raw and unprocessed products, which are mainly industrial and agricultural. They are always traded on future price. These are usually three month contracts so when trading on it with Binary Options the best time to buy is in the middle part of the contract period.
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Between 74-89 % of retail investor accounts lose money when trading CFDs