Beginner’s guide of binary options

Step 1 – Learn how to be a successful investor

Before you get involved in this process, you should perform an analysis of the market and especially on the asset you plan to trade, to see when is the perfect time to enter in this trade. To have success in this domain you have to go through some stages: choose the asset you want, choose the "expiry time", the "strike price", one of the "put" or "call" options and decide how much you want to invest. After you select all these, you only have to wait to see if you are a winner. Sometimes you may receive a binary options bonus, even if your trade was not successful.

Step 2 – Choose your strategy

Strategies can help you to predict the movement of the market and to enable you profit. They are based on market analysis, and if you want to have a high rate of success you should do some research before. You can opt between fundamental or technical analysis, and if you want a deep understanding of the market, you should mix them. The best strategy for a beginner is "The Trend Trading Strategy", which is also used by experts. In binary options, trends do not last weeks or months but minutes and hours. The trend is influenced by quarterly earnings report, product launches or monthly job reports. You can profit from the moving of the market if you follow the direction of the trend.

Step 3 – Find the perfect broker for you

You will have to trade through a binary option broker, which can be also referred to as a trading platform. It provides you access to the global market, and to begin trading with their help, you should register and make an initial deposit of an amount of money stated by the platform. If you want to trade on different assets, you may have to choose different brokers because some of them may offer assets that others do not.

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