Binary option trade

Binary option trade

How to Trade Binary Options as a Beginner? Binary trading requires basic knowledge, patience and common sense. In this article binary option trade guide South African traders through all the steps necessary to place a successful 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.