In today’s market, investors are constantly on the lookout for the next hot opportunity. For this reason, it is no surprise that more and more savvy capitalists are flocking to binary options.
Binary options trading is the easiest and most accessible way in which you can make money in the financial markets. They are very simple, easy to understand, and so profitable, you don’t need a lot of capital to get started.
Whereas you do not need any kind of financial services background or trading experience in order to attain success with binary options, learning about how they work can help you make more money. Having said that, there are some very alluring shortcuts that can enable those smart enough to exploit them, to make money with a minimum of effort.
In this article, we introduce binary options, and look at a couple of ways in which you can secure your financial future – without spending a minute more than you have to.
Binary options are very straightforward
First things first: binary options are simple. They only ask you to make one, single judgement call: will the price of a given asset move up or down over the course of a set time-period (e.g. the next 60 seconds, the next 10 minutes, the next hour). That is it.
Get that call right, and you could be raking in a profit of a staggering 85% or more once the option expires, in 60 seconds, 10 minutes, and hour, etc.
Obviously, this simplicity makes binary options more accessible than many other forms of investing. You don’t need any in-depth knowledge in order to trade like this. No degree, or license or permit is required. Anyone at all can trade in binary options.
It is easy to get started
In order to start making money with binary options today, all you have to do is open an account with a binary broker and then transfer money to your account. It really is as simple as it sounds. You can be executing binary trades – and making money, doing so – fifteen minutes after you finish reading this sentence.
A binary broker is a financial institution that offers its customers the chance to trade in binary options. As a customer, you log into the broker’s website. There you find a trading platform where you carry out your own trades in real-time. You’ll get the hang of it in no time. If you don’t believe me, you can open an account with a broker that offers a free trial, and see for yourself!
The one thing you need to be aware of here, is that not all brokers are identical. Some will have a better fit with your requirements than others. For this reason, you ought to do a bit of research before committing. The best way of doing that is to visit one of the many informative websites that specialize in offering reviews of binary brokers.
Study will make you a better trader
Now, as easy as it is to understand how binary options work, and to get started, clearly, there are still things you need to learn. Predicting the future performance of an asset’s price in the market can by anything but straight-forward.
Historically, the preferred way of trying to read the market in order to make reliable predictions was something called technical analysis. This is a number of statistical tools that can be applied to market data in order to discover patterns. These patterns can point towards what will happen to an asset’s price in the future.
You can study technical analysis online. You can visit websites that specialize in tutoring binary brokers, or you can visit your binary broker’s learning center. All good brokers offer this sort of resource.
In most learning centers, you will find informative articles and video tutorials that introduce you to technical analysis. Some even let you download e-books on the subject.
Now, learning how to master technical analysis well enough in order to use it to make money will take time. So, if you’re in a hurry to cash in, there are some other possibilities, you should consider. Read on to learn more!
So, technical analysis can help traders discover patterns that can point towards reliable predictions. Such predictions can be used to make a lot of money on binary options trading.
But this is very difficult. So, why not leave it to the experts?
There are companies out there called binary signal providers. They specialize in doing technical analysis. Using specially developed software solutions, they are able to detect patterns in the market that indicate what will occur next. When the software’s advanced algorithm spots a pattern that has especially great promise, it recommends a trade. Such a recommendation is called a binary signal.
You can gain access to such signals by subscribing to a signal provider’s services. For a monthly fee of around 100 dollars, you will receive a certain number of signals per trading day. All you have to do is log into your binary broker and execute the recommended trade.
Binary robots: your shortcut to success
But what if you want to skip also that final step? What if you want to follow binary signals day and night, and take advantage of opportunities that arise when you’re asleep, or at work, and unable to execute trades yourself?
Help is at hand. In recent years, a new development has rocked the world of binary options. That development is called automated trading systems, aka binary robots.
A binary robot generates binary signals, just as we described in the section above. But it also does something more: it automatically carries out the signal’s recommendation on behalf of its subscribers.
When you sign up with a binary robot, you simply inform it how much money you wish to invest per trade. Then you leave the system to do the rest. You won’t have to lift a finger as the robot scans the market for good trades, and then carry them out for you.
An easier way to make money by trading can hardly be imagined.