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Advertising on the Internet, offering to become rich, trading in the Forex market or investing in binary options, should not be taken seriously. Since this type of earnings is a difficulty not only for a beginner, but also for an experienced trader due to high investment risks.
The most common type of binary options is a simple up / down deal. There are, however, different options. One of the common factors is that the result will have a “binary” result (yes or no). Here are some of the types available:
To start trading in the foreign exchange market, financial investments are needed. The larger they are, the higher the income will be. When investing in binary options, you need to own trading strategies and read reviews about brokers before opening an account. For example, read iq option honest review
The main requirements for traders are as follows:
With a lack of financial resources, Forex makes it possible to use a no deposit bonus. To earn money, a trader needs a minimum amount of funds with which to make a deal. Experienced traders advise beginners to open accounts for at least $ 100.
Having replenished the deposit for a certain amount, do not rush. Thoroughly consider the situation. It should be remembered that specialists also tend to make mistakes. An experienced trader can regularly record losses.
It is better for beginners to start working with the help of advisers that reduce the number of transactions with losses. To earn money on binary options, beginners need to follow a certain sequence of actions:
When choosing a broker, one should take into account the duration of his work in the foreign exchange market. The longer it is, the more serious is the broker’s reputation. It is more profitable to work with those who set a low transaction fee. Here is a list of best binary options brokers with a minimum deposit.
For beginners in trading, the income of 4-5% of the deposit per month will be the norm. However, professionals often earn no more than 10-15% per month. You can’t trust the advertising companies of different brokers who promise big profits in a short time.
The number and variety of assets that you can trade differs from broker to broker (See here Reating of Binary Options brokers). Most brokers provide options for popular assets, such as major forex pairs, including EUR / USD, USD / JPY and GBP / USD, as well as major stock indexes, such as FTSE, S & P 500 or Dow Jones Industrial. Also commonly offered products, including gold, silver, oil and others.
Individual stocks and stocks are also traded through many binary brokers. Although not all stocks will be available, you can choose from twenty-five to one hundred popular stocks such as Google and Apple. These listings are constantly growing, depending on demand.
Asset listings are always clearly listed on every trading platform, and most brokers post their complete asset listings on their website. This information is also available in our reviews, including currency pairs.
Expiry time is the point at which the transaction is closed and settled. The only exception is when the “Touch” option has reached a predetermined level before the expiration date. The expiration date for any given transaction may vary from thirty seconds to a year. While binaries initially started with very short expiration dates, demand provided a wide range of available expiration dates. Some brokers even give traders the opportunity to set their own specific expiration times.
Expiration is usually grouped into three categories: