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Binary Options

What are they? • Getting started? • Recommended brokers.

 
     

I have received a number of request about Binary Options and Binary Brokers. So I'll try to answer these questions as simply as I can.

What is a Binary Option?

With a Binary option, you win or lose a set amount. If you lose, you are out 100%. If you win, your profit will be between 70% and 80% depending on the underlying security. Example: For DJI futures, the payoff is usually 75%. For Golds futures the payoff is usually 80%. Why they flucuate I do not know. Payoffs are always posted next to the underlying security and the time at which it expires. You can choose from multiple time frames. The most common time frames are 30 minutes and the Close. You are betting that at a particular time, the market will be above or below the price at the time you opened the trade.

How To Getting Started?

I assume my brief exlamation above still leaves a few questions, but it is enough for you to get started with a free account. It should not take you more than a few minutes of poking around a free account to get the hang of it.

Creating an account will take less than 2 minutes.

You don't have to fund your account right away. When you are ready to do so, you can deposit a few hour dollars using your credit card.

Please! DO NOT start making $100 trades right from the start. You can trade as little as $20. So play around with some small trades until you feel you really understand what is going on. And remember, you place a losing trade, you are out 100%.

     
 
 
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