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in our upcoming updates ...we will be focusing on Binary Options for New Traders and professionals - written tutorials.

1. Tips for New Traders
2. What is a Binary Options Demo Account
3. Definition of Binary Options
4. Reasons To Trade Binary Options
5. Right Time To Trade Binary Options
6. Differences Between Forex & Options Trading
7. Simplified Way of Trading
8. Turn Your Knowledge Into Profit
9. Binary Options Platforms
10.Trading Strategies

happy trading.

tips for new traders



In the beginning of our tutorial we explained what binary options are and we told you why this type of trading is becoming so popular. It isn’t as easy as most of you would want it to be, but it is certainly not as difficult as Forex trading. Unfortunately, binary options trading is not simple at all, so in order to achieve satisfying results, you’ll have to spend a lot of time learning. Nevertheless, you can rest assured that eventually all the hours spent reading and testing different trading strategies will pay off.

There isn’t a formula accurate enough to instantly teach you how to trade binary options, but we are here to give you some valuable lessons about binary options trading. However, in this article we won’t be teaching you any technical skills related to binary options trading, rather give you some hints on how to be a more successful trader and how to make sure that your trades will have a higher chance to expire “in the money”.

Definition of Binary Options

Introduction

People have been trading binary options for decades, but this unique type of trading became available to the public thanks to the Internet’s development. Nowadays, anyone who has enough knowledge and money to invest can start trading binary options in order to turn their knowledge into profit. Many of you have probably only recently heard of the term ‘binary options trading’ and this article’s main goal is to make you familiar with the basics of binary options, what are they used for and why they are the right choice for you.

Keep in mind that binary options trading is a difficult job and you must be prepared to spend a lot of time reading, improving your skills, mastering your strategies and most importantly – learning how to control your money and emotions in order to profit.

A simple way to trade

Binary options are a unique tool that is based on asset price prediction. If you have traded Forex, then you know that the Forex market is all about precision – you must predict the direction in which the price will change, but you must also predict the amplitude of the change.
Binary Options Demo Account
Definition of Binary Options
Reasons To Trade Binary Options
Right Time To Trade Binary Options
Differences Between Forex & Options
Tip for Beginner Traders

Binary Options Demo Account

Demo account to the rescue

DemoIconLarge-greenRemember – practice makes perfect – and your biggest helper is the demo account. Demo accounts work in a really simple way. Basically, the platform is the same as the real-time platform traders use, which is a great advantage because later, when you proceed with the real trading you will not have to learn how to operate with the platform. What will be different, however, is the emotional side. At times, when trading with real money, people feel sadness, guilt or regret, but if you are dealing with virtual money, you will not have to deal with any of those feelings, because these are not money you have worked for, they have just been given to you and most of all – they have no value in the real world.


Demo accounts are often used by expert traders as well, because they provide them with the opportunity to obtain a new view on trading and test new strategies. The better your skills with fake (demo) money are, the higher your confidence will be when you start trading with the real amounts.
That’s great, but how to get a demo account?

test-green-glossy-web-iconGetting a demo account is another issue you will need to consider. Lucky for you nowadays this is quite easy! All you have to do is finding the most appropriate type of broker that will suit your needs. You should be looking for whether the broker in question supports demo accounts. Most popular brokers do not have a problem with this, because most people will not risk their money, if they have not traded before.

Logging in your demo account can be done in the same way you are logging into your real account. The only difference comes from the fact that you will have to choose the type of system – a demo or a real-time (live account).

In conclusion, we should say that demo trading is quite important. Many people underestimate the potential this type of trading has and that is a mistake you should avoid. If you want to take your binary options trading skills to the next level, then we suggest opening demo accounts in several brokers. The objective is to become familiar with their trading platforms, regulations and so on.

Reasons To Trade Binary Options


If you want to become a successful trader in the field of binary options trading, then you have to start from the very beginning. Within the next few lines we will try to give you a basic idea of all the important moments you need to know about this type of trading and make you familiar with the reason why many people believe that choosing binary options is a really good decision, which can help you make significant profits.

There is a question that many people have been asking about this exciting new trading possibility – “Why binary options?”. First of all, every binary options trader does not need to spend all of his/her time on keeping track of leverage, spreads, stop-loss strategies, deposit margins or hidden transaction fees. What binary options trading is going to give you is the opportunity to concentrate only on making the right projections, which will generate profits.

Differences Between Forex & Options Trading


Traders will always argue which type of trading is better – trading Forex or binary options. Every person, engaged in trading either way, knows that they both have certain advantages and disadvantages. If you have not taken a closer look at the specifics of Forex trading and binary options trading, then you are probably not aware of the major differences between these two types of trading. Let us point out several differences.
Risk Factor

supply_chain_riskBoth Forex and binary options trading involve risk. However, if we take a closer look at both types of trading, we may draw the conclusion that binary options trading is a bit less risky due to the fact, that you know how much you are going to earn or lose before you place the trade. This is a huge advantage over Forex trading. This way you have better control over your money.

Another considerable advantage of trading binary options over Forex is that you will not be that dependent on leverage. Every Forex trader knows that he/she must take advantage of the leverage offered by his/her broker, in order to be able to trade with decent amounts of the asset/s he/she has chosen. Although leveraged trades will bring you a larger profit, they will also multiply your losses in case your trade goes awry. As a result, there is a greater possibility for novice traders to lose their money quicker, while operating in the Forex market.
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