Binary trading, simply put, is a system of chance. It’s like a game of luck and also of having really good judgment skills. It’s a game where a simple ‘yes’ or ‘no’ can result in a person losing or winning money.
There is no option in between, a person either makes a lot of money or loses everything.
A trader puts money on an underlying asset if they think that there will be movement in the price of the said asset.
The word binary is described as something that involves two or more options, like, Yes or no, true or false, etc.
Binary trading dates back to 1973 when the Chicago Board of Exchange first offered the binaries. Only the really rich and really powerful institutions and people had access to the binaries.
2008 was the year when things really changed and options trading, as binary trading is also called, became accessible to everyone.
Binary options are also called digital options, all or nothing options, one-touch options, fixed return options, and best options.
In binary trading, a trader will win a bet if an option expires ‘in the money’ i.e. if the price of an underlying asset on a decided future date closes at more than the ‘strike price’, (Dictionary definition- the price at which a put or call option can be exercised) of an option of that particular asset on that particular date.
If the ‘strike price’ is more than the price of the underlying asset on the last date (date of result that will determine whether you win or lose) then the trader gets nothing out of that trade and it’s called being “out of money”.
The trader loses all the investments they put for that option.
Following is an example that might help you understand:
Suppose a broker brings a trade where it’s being asked whether the share of XYZ company is going to be above $25 on July 12th, 2020 at 11:00 pm.
Traders are going to go with the yes or no option and bet, let’s say, $100.
If the price of the share is above $25 dollars then the trader gets the amount as per the agreed terms.
If the share price is below $25 then the trader loses all money that is $100.
Below I’ve mentioned some of the best trading platforms. Choosing a good trusted broker is important because the trading industry has suffered a great loss because of some fraudulent brokers and companies which have led to people doubting every other broker and refraining from trading.
Frauds are common in trading so make sure you choose a well-trusted platform. Consult a lot of people and then make the right decision.
Binary.com is a trusted platform for trading binaries.
Their minimum deposit is $5 and their payouts are 90%.
Their prices follow the patented pricing technology that benefits a trader.
You can expect 100% returns on simple rise/fall contracts and 1000% returns on higher/lower and touch/no touches trades.
They do not charge any hidden fees or commissions and are not fraudulent.
This platform was launched in 2000 and since then they have conducted numerous trades and are also an award-winning site
You can have instant access to investing, anytime, and anywhere with IQ options. You can also start a free demo account.
$10 is the minimum deposit with 91% payouts. There are 300 plus assets available. This is also an award-winning platform you can trust this platform. You can also customize the platform to fit your needs.
They have a support team that is available 24/7 and the thing is you can talk to them in your mother language because the professionals are highly skilled.
Binomo is a client-oriented company with a minimum deposit of $10 and pay-outs being 90%. Their main priority is the satisfaction of their customers and they work towards achieving it.
It is a high-end trading platform with a wide variety and spectrum of underlying assets.
Also has some of the most advantageous trading terms and investment options on the market.
They have services for analytical services for clients. Both the experienced and beginner traders can benefit from this. They have high-quality tutorials for smooth trading.
99 binary serves both professional and beginner traders. The platform was founded in 2013.
They have made a name for themselves in the market. They provide services in three different languages; English, German and Arabic for traders all around the world which is really convenient.
This site has 83 assets in total. Their minimum investment amount is the lowest ever, which is $99 and their payouts are 81% in 15 minutes. They also have a great team of experts so you can talk to them whenever in doubt.
Olymp Trade, established in 2014, is an online international investment trusted company with millions of users in a day.
Olymp Trade is completely transparent with its clients, so you can ask questions, clear doubts.
No hidden charges or fees are required and a third party regulates the trading so you best believe that it’s safe and secure.
Olymp Trade provides its clients with all the necessary training needed to successfully launch their investment career and earn more as a trader even if you are a beginner.
With free video tutorials, webinars, and one‑on‑one tutoring a beginner trader can earn a lot and be on par with professionals. A minimum required deposit with Olymp Trade will only cost you $10.
A team of professionals that speak your language is always ready 24/7 to help you out and give you advice.
Deriv is another great platform established in 1999 and garnering customers around the world.
It is regulated and safe. The customer money is safe with licensed financial institutions. The helpline services are available 24/7 and even on weekends.
They also have a help forum so you can ask questions there too. The site is easily navigable with up to date trading technology. You can even open up demo accounts easily.