What are Binary Options? Top 5 Binary Options Brokers 2020
Binary options trading is quite popular and has been loved by many people recently because it is advertised as easy to trade and make money in a short time. So what is a binary options? How to make money trading binary options? Is it just a scam? How to trade Binary option for newbies? Or which is the most trusted Binary broker? All related questions will be shared by Forexfanclub.com in this article.
- 1 What are Binary Options?
- 2 How to trade Binary options?
- 2.1 Step 1: Choose a trusted Binary options broker
- 2.2 Step 2: Select trading assets
- 2.3 Step 3: Choose the time to finnish the transaction
- 2.4 Step 4: Select the transaction amount
- 2.5 Step 5: Predict the trend (Up or Down)
- 2.6 Step 6: Finish trading Binary options
- 2.7 Video How to trade Binary Options? (Step by step)
- 3 Are binary options a scam?
- 4 Can I make money from the Binary options?
- 5 Top 5 Best Binary Options Brokers
What are Binary Options?
Binary options are one of the financial investments where you can easily trade by predicting whether the price of a certain product will go up or down over a specified period time. Profits up to over 90%, even over 100%. (The time is usually only from 1 minute helping investors can trade a lot everyday). Due to the simple way of trading, Binary options are searched and traded by many people every day.
How to trade Binary options?
Binary options means you will have 2 options: price will increase or decrease soon. If your analysis and prediction are correct, you will make money. Here are instructions on how to trade the Binary options step by step:
Step 1: Choose a trusted Binary options broker
Do not waste time and money on unreliable Binary options broker, this is the most important step when participating in binary trading (Binary trading).
Because there are a lot of Binary option brokers which always make it difficult to withdraw money when you have profit.
Choosing a trusted binary options broker is not easy, you need a lot of time to experience it. It is possible to lose money when you try on a unreliable broker. Therefore, to reduce the time and to avoid losing your money, Forexfanclub has compiled from the world Binary options community to give the Top 5 most trusted Binary options broker list. You can sign up for a completely free Binary options account and experience on it forever.
Step 2: Select trading assets
Log in your account then you can choose to trade different types of assets: currency pairs (EUR/USD, USD/JPY, GBP/USD…), Gold Trading, stocks major corporations.
Step 3: Choose the time to finnish the transaction
Choose a time of 1 minute or more, if you choose the long time, it is easier to analyze and predict price trends.
Step 4: Select the transaction amount
Choose the minimum amount from $1, depending on your profit expectations you can set a larger amoun.
Step 5: Predict the trend (Up or Down)
If you predict the price of the asset that you selected in step 2 INCREASE then you BUY (Click BUY, CALL or HIGHT) each broker will have its options for you to buy. If you predict the price of the asset that has been selected in step 2 DECREASE then you SELL (Click to select SELL, PUT or LOW).
Step 6: Finish trading Binary options
When the time you selected in step 3 ends, the order will be closed automatically. If you predict the right trend, you will receive profits plus your account, and vice versa.
Video How to trade Binary Options? (Step by step)
Are binary options a scam?
Many people do not choose the trusted Binary options broker and trade on the scam brokers which are not on the list of trusted Binaryoption Brokers above.
Or some users violated, profited from the financial broker which leads to an account lockout then say that the Binary option is a scam.
Beside, many investors and traders have earned profits from Binary trading, because they choose trusted Binary option Brokers to trade, always follow the terms of broker, learn Binary option trading methods which suitable for their self on demo accounts before trading on real accounts. This is also advice for you when participating in the foreign exchange investment market.
Can I make money from the Binary options?
There are always risks if you do not trade at trusted brokers, do not learn how to trade and find yourself an effective trading method. Opportunities for those who are constantly trying, focusing on market research in the process of trading.
So Forexfanclub.com has shared information about binary options: what are the implications of Binary options? How to trade Binary option for beginers? The detailed evaluation of each Binary options, which brokers are trusted?
Top 5 Best Binary Options Brokers
If you have any comments, please share them with us and other investors in this article. thank you!