Here at TradingBinary we have selected the best Binary Options brokers for you to trade with.
Binary Options is a simple form of trading the movement in value of a range of commodities, assets, currencies, stocks and shares.
Trading with Binary Options is so popular because it is easy to understand and there is only two available options for the trader to make, put or call.
TradingBinary have created a step-by-step guide to trading with Binary Options.
STEP-BY-STEP GUIDE TO TRADING BINARY OPTIONS
What Will You Trade?
Firstly, you must decide what type of trade you will place. As mentioned before, Binary Options allows you to trade on a range of commodities, assets, currencies, stocks and shares.
Now you must decide which way you think the value of the trade will move. If you think the value will decrease then you must put, and if you think the value will increase then you must call.
Which Broker Will You Trade With?
Choosing which broker you will trade with can be a daunting process as there are so many brokers out their which offer you different percentages and welcome bonuses. Luckily, TradingBinary have created a list of the best Binary Options brokers. We have thoroughly reviewed all of the following brokers. All of the brokers on our website is fully regulated and licensed.
Expiry Time Of Your Binary Options Trade
This is one of the advantages of trading with Binary Options; you are able to choose how long you want each trade to last. It can be as short as 60 seconds and as long as 1 month. The length of time is entirely up to you and your own predictions of how the value will move.
Making Your Trades As Profitable As Possible
Each broker may offer slightly different values on your trades, so if you are looking to make a significant trade, then it is best to look at what broker offers the best value. Therefore, it may be advantageous to create an account with all of the recommended Binary Options brokers listed above
Trending Options is a feature which most of our recommended brokers have. It is essentially a list of the most popular trades, which will allow you to have an insight into what the other traders are trading on and in which direction they think the value is moving. This can be of huge importance to beginner traders who are unsure what to trade on and if they should put or call.
Take Advantage Of The Brokers
Competition is healthy, especially for Binary Options traders. With competition for your business, brokers are offering great promotional offers aimed at enticing you to trade with them. It is recommended that you take advantage of these offers by creating accounts at the brokers we recommend who offer the best promotional offers.
Hedging Your Trades
Another advantage of having accounts with several brokers is that if your trade isn’t going in the direction you wish, you can use another broker to hedge your trade. This technique is recommended for those who are interested in low-risk trading.
Most Binary Options traders will let their trades run for the length of time they chose when placing the trades. However, if there is an event in which you think it is better to exit the trade early, then this is an option offered by most of the brokers we recommend. Each broker will charge you for an early exit, so it is imperative that you ensure that is profitable to exit early once taking this charge into account.
Roll Forward Feature
This is a feature is becoming more and more popular, which is recommended by several of our recommended brokers. Essentially it is the option to extent the length of time of each trade. This could be used to your advantage if one of your trades isn’t going in the direction you wish but you think it will increase at a later date.