Seems like learning how to make money with binary options is on the minds of so many people who are looking for ways to make extra money or invest their money in a system that will allow them to make even more money. And it is no wonder; Since Binary options trading was officially introduced in 2008 on the Chicago Board Options Exchange in the US, it has been gaining popularity, but it has never been popular as it is today. But binary options are still unfamiliar words for many people and many don’t understand how binary options trading system works. So, lets see what a binary option actually is and learn how to make money trading options.
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What are binary options?
It may sound complicated, but in reality a binary option is basically a financial contract which allows you (the trader) to make money by simply predicting the immediate feature value of the financial assets such as currencies (like the US dollar or Euro), commodities (like gold or oil), stocks (like Microsoft) and also major indices (such as the NASDAQ)
Lets say, you decide to put down $100 (with a 60% gain) on Gold and you predict that before the end of the current trading period Gold will go up in value. If Gold indeed goes up in value, you get $160. So you just made $60!
What are the advantages of binary options trading?
For an option trader who wants to make money with binary options, there are many benefits and advantages that binary options trading provides.
1- You don’t have to wait months and years to see results. Binary options are based on very shot times, like 24 hours or so.
2- Before you even get into the deal, you will know how much money you are going to risk losing or how much money you are going to make if you predict correctly.
3- There are many online Binary Option brokers who will give you a bonus to get you to trade with them. So as a beginner, you can use that bonus money to get familiar with trading, so you don’t risk losing your own money. The best part is that most online brokers wont even charge a commission fee. and as a trader you can start trading in the market with as little as $100.
4- The only thing you need to do is predict, so there is no complicated trading systems or anything like that to learn. ll you do is predict the future value of the financial asset you want to trade. Now granted, knowing a little about the market and the world of finance will help you predict more accurately.
5- Thanks to the internet, now you can make money with binary options from anywhere in the world. Trading binary options nowadays is easy and quick. With hundreds of trusted brokers online, you can now trade from anywhere in the world as long as you are connected to the Internet.
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6- Binary options trading is an extremely short term kind of investment, as I mentioned they can last for only 24 hours some times. So, your money wont be tied down if you decided you don’t want to continue trading.
As you can see, making money with binary options is very attractive. The binary options trading system is very easy to understand and you can easily double or triple your money in a matter of hours if you predict accurately.
Of course, as I mentioned, knowing how the world economy works and at least a basic understanding of the binary options market is crucial if you want to be successful in making money as a binary options trader.
That said, I think that simplicity and of course the huge money making potential is why binary options trading is becoming increasingly popular especially amongst amateur investors and normal every day folks who are not educated enough to trade in stock market or other more complex trading systems and the fact that you really don’t need much education to learn how to make money with binary options.