Binary Options For Beginners How to Get Started

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

BINARY OPTIONS GUIDE FOR BEGINNERS

Avoid making beginner mistakes and learn how to start trading binary options with this short step-by-step tutorial. This binary options guide for beginners outlines the most important steps towards trading in a simple and straightforward manner. Start on right track and develop the correct mindset.

How to Start Trading Binary Options the Right Way?

There are many ways one can start trading binary options.

The worst way is to jump right onto a real trading account and try to copy some falsely presented strategy which you encountered on Youtube. The truth is there are many false presentations and fake products connected with binary options industry and many beginners get caught by false promises.

However, binary options trading is not a scam, and it is actually one of the best investment and trading instruments, which is easily accessible to anyone, and which allows making a substantial profit over time if the right approach is taken.

But the truth is that a beginner is unlikely going to make millions or hundreds of thousands of dollars in a month or even a year (as is presented by many fake products and services).

The amount of profit you can make also greatly depends on your initial investment and on your trading skills. An average beginner is most likely not going to invest more than $1.000 into the first real trading attempt. And it is better not to do so.

What to Expect?

What can be done in reality is to slowly build your trading account over time and come up to a level where you can make anywhere from $1.000 to $3.000 per month while maintaining the low-risk approach to trading.

If you limit your appetite and lower your expectations, you can use binary options trading as additional monthly revenue for years to come. And once you get more familiar and experienced with it, you can aim for higher profit.

My Personal Experience

Years ago, when I first encountered binary options trading, I got burned several times, before I actually made my first profit. And it took me almost a year to recover from initial losses.

At that time there was no much information about trading systems and strategies, and I had to learn by myself from scratch.

Lots of trial and error and lots of practice lead me to the position where I was able to make great gains in short periods of time. One of such attempts, for example, was bringing a $200 deposit account to $3.000 in two weeks by manual trading. And my last attempts are bringing $2.000 to $8.000 in 2 weeks by manual trading and $1.000 to $7.000 in only 1 month with my own robot.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

I am at the point where I construct my own trading strategies and build my own trading robots which I also offer as a service for public use.

Where to start?

What I want to emphasize is that making money with binary options trading is definitely possible and very real.

But it is important for a beginner to lower the expectations and learn from own experience instead of just following some fake strategies from Youtube or fake services with promises of easy money.

If you want to become an independent trader and ultimately trade on your own, the only way is to start slowly and learn as you go. No one was born as a trader.

On the other hand – if you are just interested in making profit without learning – there is a possibility to use robots or signals for fully or semi-automated trading.

Binary Options Trading Step by Step Guide

STEP 1 (DEMO)

1. GET A FREE BINARY OPTIONS TRADING DEMO ACCOUNT

The first step towards trading is to get familiar with the financial instruments you are going to use. This simply means you have to learn how trading works. And the best way to learn is by practice and your own experience.

You don’t want to start trading by making a real investment and you don’t want to practice trading with real money. That’s why you need a free demo account. There are a few very good brokers who offer free no-deposit demo accounts.

PocketOption is a Broker that accepts traders from all around the world and they offer a free demo account which you can try out immediately.

Binary Options – here you will find everything you need to know about them!

What are Binary Options?

Suppose you’d decided to try trading and to close your first transaction. This type of trading has many positive features. When performing your trading operations, starting from the first hour you will have a possibility to get up to 85% of the amount you invested. Another important feature of this trading type is its high security level in comparison with other areas – the risk level of a particular financial operation can easily be identified in advance, because Binary Options give you a possibility to see the amount of your expected profits or losses immediately. Beyond that, when using these instruments, transactor can choose a time period, during which a specific option’s execution should be performed, and that means that there is a possibility to perform a short-term trading.

If you are not sure that you will do everything right on the first try, or if you don’t want to risk before your time, just try to perform your trading operations with minimum financial investments. You can independently set your own account’s size, because Binary Options allow for making investments starting from $1. Later, after gaining your first experience, you will be able to close transactions with larger financial volumes.

Top 3 best Binary Options brokers

“Verum Option” broker provides its users with very profitable trading conditions – it returns up to 80% of partner payouts, uses US dollar (USD) as the deposition currency and allows for making transactions with the minimum amount of \$1. Moreover, this service offers such deposition and withdrawal methods as Visa/MasterCard, QIWI Wallet, WebMoney and Yandex.Money. There is also a possibility to withdraw your money via the bank transfer. Its minimum deposit is just 5 US dollars, and maximum lot – 1000 US dollars.

This platform has nearly twenty years of working experience, so that it can rightfully be considered as one of the biggest and most profitable brokers on the world’s financial market. The platform’s users can trade indices, currencies and raw materials on a 24-hour basis and seven days a week, including weekends. “Binary.com” broker allows for simultaneous processing of 15 transactions and makes it possible for its customers to keep their funds on segregated accounts.

“Binary.com” company is the licensed BO broker with regulation in Malta, Great Britain, Ireland and Japan. Apart from that, this company offers its services to users from CIS countries.

The platform allows its users to open two account types – demo account and real account. The minimum deposit here is $5. On top of that, “Binary.com” broker’s customers can perform their trading activities using three different currencies – US dollar (USD), Euro (EUR) and British Pound (GBP), place deposits and withdraw their money with the help of Visa/MasterCard bank cards, Wire Transfer and Western Union money transfer systems, as well as use various electronic payment systems, including WebMoney, Skrill, Moneta.Ru, Neteller, QIWI Wallet, InstaDebit, UKash и ClickandBuy.

This trading platform is a web-terminal – in-house development of “Olymp Trade” company. The broker provides its customers with a possibility to use both real account (to trade Binary Options) and demo account. “Olymp Trade” broker allows using US dollar (USD), Euro (EUR) and Russian Ruble (RUB) as deposition currencies. The minimum transaction volume here is the same as the one in “Verum Option” and “Binary.com” – it is just $1.

To withdraw their money, “Olymp Trade” company’s customers can use Visa/MasterCard bank cards and such electronic wallets as QIWI, Yandex.Money, NETELLER and Contact 24. The withdrawal is possible only to the card or wallet you used to place a deposit.

Of course, the list of brokers doesn’t end here, because the financial market presents plenty of opportunities for BO trading. We have provided you with the information about top 3 best BO companies. If you want to see the full list of BO brokers, you can do it by visiting this page.

Binary Options Forum – The place to find information about brokers

You probably will have many different questions at the beginning of your work, because normally every trader has his/her own requests and preferences. Are Binary Options legitimate? How to make money on Binary Options? Where can I find a suitable forum? Is there any guide about how to start trading? Which is the best partner to choose? Which currency should I work with? Which one of brokers pays in the currency that suits me best? How to define the optimum size of a deposit? Can I earn more? You can find answers to all those questions on our BO Forum.

This service gives the detailed information both to newcomers and experienced traders. Reading this forum you will be able to find out about the different BO trading strategies, check out some reviews about these instruments, ask experienced traders’ advice and even find the person who will help you get the hang of things and make the most even out of your first transactions.

Binary Option types

Many brokers offer a wide variety of the trading instruments, modernizing old ones and developing new tools. In this section we will list the most popular of them, and those most commonly used for trading.

Binary Option – High/Low

Binary Option – Touch

Binary Option – Range

Binary Option – Spread

Binary Options’ main strategies

When asked how to make money on Binary Options, it is worth noting that it is practically impossible to make a large profit without using a certain strategy. Any trader is free to choose his/her trading strategy and brokerage company depending on his/her demands and wishes. Someone just uses “trendy” strategies with these instruments, someone acts under long-term or, on the contrary, short-term strategies, and some users aim to get their profits by any method. As of today, the financial market is full of various BO trading strategies, and it would be virtually impossible to list all of them. Among other things, we should also keep in mind that the financial market constantly changes being influenced by the different political and economic factors, so it is not always easy to find the right trading strategy that would work permanently and smoothly under such conditions. Let’s speak about the most suitable strategies for beginners:

Options’ strategy – Three in a row

“Reverse” strategy for Binary Options trading

“Spring” strategy for Binary Options trading

“Martingale” strategy for Binary Options trading

“New Martingale” strategy for Binary Options trading

Binary Options’ charts

Binary Options’ live chart

In more recent times, live charts gain the increasing popularity among traders. Besides that, beginners like them very much – when using live charts you don’t have to register with brokers, and it becomes even simpler to set indicators and test strategies.

Live charts are quite user-friendly also because unlike Forex trading, BO trading is much easier and requires lower number of the instruments. Therefore, live charts are easy-to-use, have no lags and allow traders to monitor trading on a real-time basis.

Binary Options’ bonuses for beginners

Very often brokers offer their beginners various bonuses. These extra amounts can be used during the trading process in addition to the trader’s main funds, but users can withdraw them out of their accounts only subject to certain conditions of a broker. Such bonuses are of several types:

Binary Options’ bonuses at registration

This type of a bonus is granted as a deposit amount for registration. It is often charged after the first deposit placement. It can be equal to 100% of the amount! The percentage is different from trader to trader, and the bonus’ highest amount almost always has its limitations. To withdraw the obtained bonus funds the trader has to perform the requisite quantity (specified by broker) of transactions with the bonus amount.

Binary Options’ bonuses on additional deposit

These are additional trading funds that are charged by a broker depending on the sum invested by a trader. The quantity of such bonuses is a bit lower than the one of registration bonuses, but they also make some positive contributions to the beneficial trading.

Risk-free options’ bonuses

The idea of this bonus is as follows: a broker insures trader’s first transactions. If in performing his/her first transactions the trader loses money, the broker can charge him/her with additional funds to cover those losses. The advantage of such bonus is that the trader takes no risks during the trading process – if he/she loses money, then this loss is covered by the broker, and if he/she reaches profitability – he/she keeps his/her earnings.

No deposit bonus – Binary Options without investments

These bonuses are charged to a trader’s account during the registration and require no first deposition. Such bonuses usually have stricter withdrawal conditions, but at the same time allow a new user to come to grips with the working principle of the platform and provide safe opportunity to learn how to trade. Often, such bonuses are charged automatically, but in some cases special application may be required to get them.

BO trading cash back bonuses

This is the simplest bonus type. The basic idea is that the broker compensates a part of the trader’s losses – normally 15-20%. This bonus should be used only when trader is at a loss; however, there is no need to return bonus if trading with profit.

Referral bonuses are charged to a traders’ account for every “friend” attracted. Moreover, a certain percentage is charged to a trader’s account for every deposition of the account of another broker’s customer who registered on a platform through the referral link of a trader. Click this link to check out bonuses presented in our system.

Binary Options – Demo account

Demo-account – is an account with virtual funds, through which brokers’ new customers can evaluate the quality of work of a certain platform. Aside from that, demo-accounts are frequently used by the beginners in order to practice, and by experienced users – to test some new BO trading strategies. It is very important when the broker has such account type on its platform, thus giving its customers a possibility to use it for free.

Demo-account is very easy to use, and the basis of such simplicity lies in the principle that you cannot lose your real money. But if you take demo-account trading as a real one, it can teach you a lot. When the time comes to enter the real market, you will be well informed about all instruments and strategies and your trading will be much easier with such great experience!

IAFT recommends that beginners to try trading Binary Options by using demo-accounts of the flowing brokers:

Broker Link
Verum Option Open demo-account
Binary.com Open demo-account
Olymp Trade Open demo-account

Binary Options – The professional’s opinion

When starting with binary options traders may often have numerous questions, and they usually express a desire to know some professional opinion of the expert that deals with this sector of the market. One of the biggest professionals in this area is Mr. Nikolay Kokar – the experienced trader and trainer. His expert’s opinion expresses the idea that BO trading – is one of the most profitable activities, but only if you have the right approach to it.

Mr. Nikolay Kokar recommends using his trading strategy called “New Martingale”. This strategy was created on the basis of already existing and highly regarded “Martingale” strategy, and by taking ideas from some other strategies targeting long-term rates on global trends. This BO specialist believes that “New Martingale” strategy protects traders against bad investments and reduces risks.

Videos about Binary Options

You can get more information by watching our topic-oriented video package. It provides a good overview of all the peculiarities of working with binary options and focuses on how to make money on binary options.

7 Binary Options

The Basic Tools for Successful Binary Trading

Binary options are complex, exotic trade options, but these are particularly simple to utilize and understand the way they work. The most familiar type of binary option it the high-low option and it’s relatively simple to comprehend. This technique is also referred to as the fixed-return option and provides access to commodities and foreign exchange, indices and stocks.

Trading with binary options is easy, and you do not need any previous experience. Below are some basic guidelines that we have compiled to help you start trading in a few minutes.

  1. To be a successful binary options trader, you need to use more than one broker. Choose one or more from our compiled list of brokers.
  2. Register with your chosen trading platform and deposit money to start trading. The minimum deposit for some trading platforms or binary options robots is only $ 100.
  3. Select the asset to trade. Trading platforms have assets such as currencies, indices, commodities, and stocks. You can choose to trade in currencies, the popular one being EUR/USD.
  4. Decide on the amount to invest. When investing in an asset, you will see the payout or the returns for the asset, which can go up to 91%. Make your prediction on the movement of the price of the asset. If you predict the price of the asset to rise, select Call (up). If your prediction is that the price will fall, select Put (Down).
  5. When the trading closes after the given time, for example after 60 seconds, if it is a 60 seconds investment and you have made the correct prediction, then you win. An investment of $ 100 with a 90% payout means that you will have made 90 dollars in a few minutes.
Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

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