Today we are going to learn about Forex and Binary options trading course. Let’s dive into full detail. Make sure you read carefully and understand. For help and more information comment in the comment section or Chat box.
Forex and Binary options trading course Before we dive into real detail here are the steps to succeed in Binary options trading:
- What is Binary Trading?
- How to do Binary Trading online.
- Best Binary trading broker and how to get started and start making money online.
- Advantages of doing online trading.
- Disadvantages of doing Binary options.
What is Binary options trading
Binary options trading is an investment online that works more like a prediction that can be either right or wrong. An investor bets that a given asset will be above or below a certain point after a fixed amount of time. If you are right you win, if you are wrong you lose. If you lose you will lose the amount that you have bet only. If you win you win more than 70% of the money that you have bet (this depends on the online broker you have chosen like BINARY.COM and IQ options)
Average money that an investor can make is between $20 000-$10 000 per month if you are a well educated binary options trader like me.
Binary options trading can be seen as a form of online gambling because you are betting that a given asset will be above or below a certain point after a fixed period of time.
For example, let’s say you bet that the price of a bitcoin/Etherium will be higher in the next 1minute and you bet $10. If you win you win around $8 and if you lose you lose all your $10.
How to do Binary trading options.
Here are the steps in short:
- Select your Trusted online broker (BINARY.COM or IQ options).
- Create an account on the online broker.
- Fund your account with money in order for you to start betting.
- Learn about your broker.
- Start trading and start earning money.
1. Select your online broker.
When you are selecting your broker pay attention to the broker rules and regulations. There are brokers who will not let you withdraw your money which is not good at all. So select a broker who is registered in your country and the banking systems for that broker must fit your country. I recommend you to use BINARY.COM which is registered almost in all countries in the world.
Here are the steps to consider when choosing a broker:
- Regulated with your country and the laws of your country.
- That allows you to withdraw your earnings good way.
- That has existed for while like BINARY.COM and IQ options.
- That is most trusted by many people and that have good reviews and mostly used by many people.
- That offer trading indicator that will help you succeed in your earnings.
- Are user-friendly.
- That offers a variety of trading assets.
2. Create an account on the online broker (BINARY.COM or IQ options).
Create your account (BINARY.COM or IQ options) and follow your broker rules for creating an account. You’ll need to identify yourself and to confirm your account, then deposit the amount you are willing to start with.
Make sure you fit the money management rules we already discussed. If you’re willing to invest $10 in a single trade, this means you’ll need to deposit at least $10 to start trading.
3. Fund your account with money in order for you start betting.
In order to deposit and withdraw money in your broker account I recommend you to open these accounts:
meaning you will deposit money in your Visa then to Skrill to broker. When withdrawing you send your earnings from your broker to skrill to Visa then withdraw money from the bank.
Here is the process in a simple way:
Bank > Visa > Skrill > Broker.
Broker > Skrill > Visa > Bank
4. Learn about your broker.
Different binary options vary in type and there are several of them from which one can trade. The High-Low Call Put is recognized as a relatively simple option for trading. A prediction by the investor if the price will rise or fall within a specified amount of time. Once this sets forth, the investor indicates call if the prediction is a rise and Put if a fall is predicted.
High and low call output.
This is probably the easiest and simplest option for trading. The investor only needs to predict whether the price of the asset is going to rise or fall within a given time. The investor then selects Call if the prediction is a rise in price and Put if it is a fall.
In this option, the investor predicts that the price of the asset will touch a specific value before the end of the given time.
For example, the trading asset is EUR/USD valued at 1.3500 on Friday. A trading platform such as Banc de Binary or 24Option can give the investors two options. The call option; meaning that the price of the asset will rise and reach 1.3800 at least once in the next week. The put option; meaning that the price of the asset will fall and reach 1.3200 at least once during the next week. In case you use a call option or a put option and the price touches the specified price then you win.
5. Start trading and earn money.
After doing all of these start tradings and enjoy your earnings.
Binary options present a unique and easy method of trading price variables in multiple markets on a global spectrum. There are associated risks and it is important that the trader is aware of these risks, as well as the rewards.
How to Sign up on Binary.com. To Sign Up for Binary.com Click Here
Another tutorial in full Detail for Binary.com
How to Sign up and small detail for IQ options. To sign Up Click here
Advantages of online trading.
1. It has lower fees.
One of the clearest advantages of online trading is the reduction in transaction costs and high fees associated with traditional brick-and-mortar brokerage firms. Typically, you’ll pay between $5 and $10 to buy and sell stocks and exchange-traded funds at online discount brokerages, according to a Bloomberg report.
2. There are more control and flexibility.
Time is often of the essence when you trade stocks, so the speed of using online trading portals is a benefit to many investors. With online trading, you can execute a trade almost immediately. Traditional brick-and-mortar brokers might require appointments, either online, over the phone or in person, just to initiate a trade.
3. Ability to avoid brokerage bias.
By taking trading into your own hands, you can eliminate brokerage bias. Bias sometimes occurs when a broker gives financial advice that benefits the broker — such as in the form of a commission for selling specific mutual funds and other products.
4. Access to online tools
In the world of online trading, a lower cost does not necessarily mean a shoddy product. Many of today’s online trading companies offer customers an impressive suite of tools providing valuable information and helping optimize trades.
5. Option to monitor investments in real-time
Many online trading sites offer stock quotes and trade information that make it easy for people to see how their investments are doing in real-time.
Disadvantages of online trading.
1. Easier to invest too much too fast
Because online trading is so easy — you basically push a button — there is the risk of making poor investment choices or overinvesting.
Online investors can protect themselves by understanding the stocks they are buying and setting up safeguards in fast-paced markets. Placing a limit order on your account is one way to control what you buy and how much of it.
2. No personal relationships with brokers
From getting help on how to create an investment strategy to understanding how the results of feedback mechanisms affect the market, online traders are left to their own devices. For some, this kind of autonomy can be unsettling.
Experts often stress the importance of research, particularly for new traders. You need to learn as much as you can about the companies in which you invest.
3. Addictive nature
Online traders can experience a certain high when trading that is similar to what people experience when gambling, according to a recent study on excessive trading published in the journal Addictive Behaviours. The study noted that some investors choose short-term trading strategies that involve investing in risky stocks offering the potential for large gains but also significant losses. “The structure itself of the two activities (gambling and trading) is very close,” the study concluded.
The nature of online trading means that, ultimately, you’re at the mercy of your internet connection. If the internet connection is too slow or is interrupted, you can lose out on a potentially important or lucrative trade.
5. Buying errors due to computer missteps
With online trading, to simply assume a trade was not completed can cost you money. Investors who believe their trade was not completed might make the trade again and end up investing twice as much as they intended. Assuming a trade was completed without seeing confirmation of the fact also is a mistake. Make sure you understand how to verify trades and review statements before you begin using an online investing system.