Binary and digital options are only advertised forex binära optioner offered to professional traders. If you are not a professional trader, you can not trade binary and digital options. Tips for Beginners As this site xbinop serves mainly for beginners and lately it seems that we’ve somewhat forgotten you due to the many advanced techniques, I have prepared this post with tips for all of you, that can serve you as a most important starting point.
Why and how to trade binary options? With a little practice trading with binary options can become your one and only income. However, it depends on you how much you want to devote to trading. I am sure everyone knows about traders on the stock market, who buy and sell shares for a few hundred thousand or even million dollars.
That’s because the movement of stock prices is very long and therefore in order to make a profit you need to buy in a bulk and wait for a long time until your money is being assessed. With binary options everything is easier, faster and possible earnings are much higher. How would you like to tell your boss goodbye? A list of 10 main advantages can be found in this article 10 reasons to start trading binary options.
I know what binary options are. The price may go up or down. In order to estimate the direction of the price movement correctly, we use different strategies. There is a lot of them and you can find some them here on our website.
You may be taken aback, why, when I talk about strategies, I use a lot the word Meta Trader 4, or as shortcut MT4. MT4 is a software that downloads information on current prices and exchange rates movements from the internet. Afterwards it allows you to work with the prizes in the form of graphs. The graphs given by a broker aren’t enough for a correct long-term analysis and that’s why we use this program. If you have further questions about the MT4, I’ve written about over 9 articles about it in the Meta trader Show. In this series, you will learn the most important things, including a correct installation process.
Open this program and observe the chart movement. The charts shown by MT4 are called Candlestick charts and are a little different than just simple lines. Here is the explanation: how to read candlestick charts. Binary Options Strategy Now that you already know about this program, you need to know how to use it. We’ll find out in the already mentioned Meta Trader 4 show. But if you want to make the lengthy learning process a bit easier, it’s time to find yourself a strategy.
There’s plenty of strategies to download. Some of them can be found here: Binary options strategy. Or if you want, there are few strategies that I have used as well on the website best binary options strategies. But remember, you should never invest real money without trying the strategy on a binary options demo account first. You could lose money very fast doing so. Which broker is the best to open an account at and trade?