Are you exhausted and tired of losing your hard earned cash from trade after trade no matter what you do? Are you beginning to ask the question, 'can you make money with binary options trading?' Well, don’t give up yet because that is about to change! During this article, you will be told what binary options traders don’t want you to know and how to make money with binary options.
Is it possible to make a living trading with binary options and can you really get rich with binary options? Yes, but there has never been a market as controversial as binary options. So I'm going to tell you the truth about binary options and about a very easy and practical technique and systems that you can use to make money with binary options that will extend your knowledge beyond that of most beginner binary option traders which can be learned in a standard binary options guide.
What Are Binary Options?
For those of you who aren't familiar with binary options, let me give a quick explanation. The reason why it is called binary is because the word binary means you only have 2 choices.. When talking about binary options it means you only have to worry about 2 choices. You choose up or down regardless of how much up or how much down a trade will go. Binary options are very simple, they are basically bets on whether a specific stock commodity or currency will go up or down. If you think the price will go up, you place a call. If you think the price will go down, you buy a put.
All binary options last for the same length of time and it's up to you to determine how long it lasts. There are different durations to choose from such as a minute, an hour, one day, one week or even longer depending on the broker. But regardless of how long it lasts, the time when it ends is called the expiration. The easiest and most popular type of binary option is a bet that the price will be higher or lower than certain reference prices at its expiration. The formal name for this reference price is the strike price.
Now here's a very important point to that you need to understand. If you're correct about the prediction made, you will win whether the price is a hundred points or only one point from the strike price when the option expires. This is because up is up and down is down regardless of how much. Because binary options are so easy to trade they have become popular worldwide, particularly as binary options demo accounts gained popularity.
The truth About Binary Options
This article is intended to shed some light on a couple of misconceptions about binary options trading that you may have read on a binary options blog. The first example is that binary options brokers are not regulated and therefore can get away with foul play and cheating you, the client. This depends on various factors; for example the binary options exchange called the Index which is the official binary options exchange in the United States and this is regulated by the Commodities Futures Trading Commission or CFTC.
Therefore within the U.S. you can be sure that you are regulated, but what about a broker in another country? Since many of them are based on the island such as Cyprus or Malta? This can complicate matters, with binary options brokers being referred to the Wild West.. The truth is that there are many binary options brokers that are regulated. Americans can trade on the Nadex and with several other offshore brokers. The rest of the world can trade almost anywhere they wish with plenty of regulated binary options brokers available.
Becoming a successful binary options trader involves crafting your technique. Some of the basic strategies recognized include bankroll & risk management reading charts & analyzing the data and using price action when making decisions. Binary options is a new concept. Many new and unreliable resources can be found online today. Developing your own strategies takes practice and finding the right resources as to accelerate this learning is crucial. This is our goal, to help you climb the steep learning curve and begin making money with binary options trading.
If you'd rather trade equities, then take every opportunity to learn from one of the best and most experienced traders in the business, John Thomas. Tap into his vast knowledge and keen insights and become a better trader,