BINARY OPTIONS BASICS

Binary Options are also known as Fixed Return Options /Digital Options/2 way Options /All or nothing Options this means there are only 2 outcomes .If you are trading you are known as a Binary Options trader.To be a good Binary Options trader you should know the following basics:

1)Discipline -As a trader you should be well disciplined especially when making trades ,you may lose all the money withing a short period -remember in binary options NO RESULT IS GUARANTEED.

2)Patient -be patient in making trades ,make trades at the right time-at the time when you can fully concentrate with your trades without disturbances  since there is a chance to trade anywhere as long as you have internet connection and a laptop or smartphone.Also trade at the right time when you can understand the graph movements and predict.

3)Do not be emotional-every trader can at some point lose more of the trades ,do not be too emotional when you are losing trades for the day as this may lead to desperate attempts in making your future trades of the day leading to high losses -when you lose more trades the solution is to stop trading ,refresh and make a plan for the next day.

4)Be good in money management -remember NO RESULT IS GUARANTEED ,you should not risk more -like in any business -over trading may lead to business failure- same applies in binary options.As a simple guide DO NOT TRADE WITH MORE  MONEY IN YOUR ACCOUNT.Binary Options deal with good money management.

5)More trading means more learning-In Binary Options you learn more when you trade more ,with time you can be able to predict the movements of prices better.


As a Binary Options trader , you have the following benefits :

1)Transparency -you can see the fluctuations of the assets' prices when you are trading. Many Binary Options brokers have applications which you can download on your smart phone and trade while seeing the movement of the graph of price of underlying asset.

2)Variety -as a trader you have variety to choose from -you can trade currencies ,commodities and many more -you choose what you want to trade

3)You can trade anywhere as long as you have internet connection and your smartphone

 4)Learning -trading is part of learning and trading enables you to research on world events in newspapers ,on the internet and others

5)Interesting -since you can trade on you smartphone on the application,trading is simplified and can be like playing a game on your smartphone the whole day!

6)Profitable -if you master the concepts ,with time trading can be profitable -this is another profession which pays more!


#To give you a better understanding so that you can make informed decisions on whether to choose trading or not here are disadvantages of trading

1)High risk -there is a chance that you can lose the whole balance in your account ,especially if you trade with more of your balance.

2)You have to be on the ball-If you are really serious about trading and want long term success as a binary options trader ,you should concentrate on the market and manage your portfolio effective

3)In a trade you gain less than what you can lose -when you trade you risk your investment but payout is less for example you can trade with $10 in a trade with 75% payout ,if you lose ,you lose your $10 but if you win you get $7,50 .if you do you math correctly this means at this payout you have to be 58%  accurate in your trades neither to make profit nor loss(to break even)!


#As a binary options trader ,this is how you trade

stage 1; Select your asset from those available

stage 2;Select an expiry time frame for the trade

stage 3;choose your option -a  PUT or a CALL


stage 4:enter your investment amount




THESE ARE SOME OF THE BASICS THAT HELP YOU CHOOSE WHETHER YOU WANT TO BE A TRADER OR NOT ,IF YOU WANT TO BE A TRADER ,THESE ARE  A BASIC GUIDE NOT A GUARANTEE FOR SUCCESS -HAPPY TRADING