How to Trade Binary Options as a Beginner? Binary trading requires basic knowledge, patience and common sense. In this article we guide South African traders through all the steps necessary to place a option now binary review trade in binary options. For more brokers, see our broker page.
Binary options are nothing else but a prediction of an asset’s price direction in a prespecified amount of time. The price doesn’t have to go too high or too low for traders to make a profit. All they need to do is predict whether the closing price will go higher or lower than the opening price as shown in the figure above. If the price stays the same, then traders receive their investment back. On the other hand, if the prediction is wrong, then the trader loses the investment. Step 2: Practice with the free binary options demo account Practice binary trading with a free demo account available to South Africans, before switching to a live account in order to get familiar with the binary trading platform. In this section there is a detailed explanation on how to place a successful trade with the legendary IQ Option platform.
Select Asset To start with, traders need to select their asset from the drop-down menu as shown here. A large selection is available as always by IQ Option. Set the expiry time for the binary option Once the investment amount is set, traders need to select the expiration time. Once you choose the option’s expiration time then, you can place as many binary trades as you wish. On the other hand, traders can click on the lower button if they believe that the closing price will be lower than the opening one as shown here.
Wait for the binary option to expire Finally, you wait until the expiration time comes and if you have won then, the amount will be shown in a green box as shown in the picture below. Risk Warning: As always, we inform our readers that trading involves risk. Always invest funds that you afford to lose. How to Use Binary Options Trading Signals? Disclaimer: This website is independent of binary brokers featured on it. Before trading with any of the brokers, potential clients should ensure they understand the risks and verify that the broker is licensed. The website does not provide investment services or personal recommendations to clients to trade binary options.
While we understand ads can be annoying we rely on the revenue from advertiser to manage our website. Please support us by adding www. Binary options are prohibited in the European Economic Area. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Binary Options 101 What are Binary Options? Traders need to be cautious when working within this market.
Instead, you are attempting to predict the movement of the underlying asset only. Think of it as a prediction of which way a particular asset is going to move and less of a long term investment. General Risk Warning: The financial services provided by this website carries a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. In their simplest form, binary options can go only one of two directions, hence their name.
You can be right or you can be wrong. They are an all or nothing type of trade and there is no middle ground. This might sound threatening, but they really are quite easy to understand. You select an asset and then predict whether you think that asset will go up or down in price. This is one of the greatest things about binary options.