Binary Option Broker Reviews 2012

Binary Option Broker Reviews 2012

1
Payout:
89%
Min. Deposit:
$200
Assets:
Stocks, Forex, Commodities, Indices
50%
First Deposit Bonus
2
Payout:
81%
Min. Deposit:
$200
Assets:
Stocks, Forex, Commodities, Indices
100%
First Deposit Bonus
3
Payout:
88%
Min. Deposit:
$500
Assets:
Stocks, Forex, Commodities, Indices
100%
First Deposit Bonus

Binary Options Trading: Overview and Broker Reviews


Today we want to talk with you about the exciting world of Binary Options Trading, which is a dynamic financial market traded all over the world. This is a great way to make money and can be a lot of fun in the process, but before you jump into it, there is a lot of risk involved. There is risk involved with any type of investing, but especially when you trade binary options and have no experience or understanding of the market.

Learning How to Trade Binary Options


The most important part of any successful trading is a good understanding of the markets and how they work. This is the first step in learning how to be successful with options trading, and is one that you should spend a lot of time on. It can be a lot of fun learning how these markets work, as you are learning about a piece of the global financial markets and how they operate. You can even trade with play money, so you can see how the market will work when you start trading with your own money. This is a great way to get a full, hands-on education in the global binary options market.

Before you jump into things, we suggest you check out our binary options trading education center, where you can learn the ropes and get situated with the market.

What Are Binary Options and how does Binary Options Trading Work?


These types of trades are based on the foreign currency market, which is the largest financial market in the world. It is far greater than the stock market, and is how most financial institutions make their money. The majority of foreign exchange (forex) trades are leveraged, where people are able to invest more money than they have. This increases the potential for higher profits, but it also means you can lose your money quicker. You have to the weigh the risks associated with any trade before you make it, because it is possible to lose money.

The forex market works by trading currency pairs, where you buy or sell one type of foreign currency for another. Typically you make money by holding one currency while its value increases and the other pair decreases and then you sell and the difference is your profit. Binary options are different, because instead of trading based on the spread, you are only trying to predict if the currency will be higher or lower than a specified value at a specified time. So technically, you have a 50% chance of getting a binary option trade correct. This greatly reduces the chances of you losing money when you compare it to the foreign currency exchange market. It may seem easier, but you still need to be informed when you are making trades, unless you have some money to waste.

Binary means something that is made up of 2 parts. The binary number system is an example of this, where the only numbers are 0 and 1. In binary options trading, there are 2 parts to the trade, higher and lower. If you guess the correct value, then you make money and if you guess incorrectly you lose money it is that simple. Guess, is a bad work to use, though, because there is an exact science and formula that a lot of options investors use. They do not guess, but make educated financial decisions and we recommend that you do the same if you are the market to make decent money.

How to Start Trading Binary Options Successfully


For anyone that is new to options trading, you will want to get accustomed to the market and learn as much as you can about binary options. It is also advisable that you focus on 1 currency pair and study that pair religiously. Sure there are a lot of currencies in the world and you can trade all of them, but the less you know about each currency then the higher chance of you losing money. There is a lot of things that can affect a foreign currency and if you are trying to trade multiple currencies you will have a hard time staying up on all of the news. If you do not know what is going on in a country, then you can risk losing all of your money. This is why we recommend trading 1 currency pair and becoming the best you can at trading it. This way you can stay up on the currency and know exactly what is going on. This will greatly improve your chances of making money with binary options trading.

Like we said, there are a lot of currency pairs that people trade and listed below, you will find some of the most common currency pairs used as underlying assets for binary options:

  • -USD (United States Dollar)
  • -EUR (Euro)
  • -GBP (Great British Pound)
  • -AUD (Australian Dollar)
  • -CAD (Canadian Dollar)
  • -NZD (New Zealand Dollar)
  • -JPY (Japanese Yen)
  • -SGD (Singaporean Dollar)


    • You can obviously pair up any of these currencies that you like, but remember to just focus on 1 currency pair and get as good at trading that pair as you can. The more adept you become at trading binary options, then the easier it will be to spot opportunity and ultimately make money online, which is one of the main reasons you are here (if not the main). We want you to be as successful as possible when trading options, but it takes time and practice. We need to be as honest as we can, and tell you about the risk involved, so you can do your part and learn the system and profit. The main risk when trading in the binary options market is due to uneducated investors who are trying to get lucky. It is impossible to trade and be 100 % successful, this is unrealistic; however, you can trade and be right more times than you are wrong and this will make you profitable.

      Trading Binary Options Successfully: The Most Important Rule


      When you are trading options and want to be successful, there is only 1 rule that you must follow. Follow this rule and you will improve your chances of success dramatically, but if you break this rule, then you could lose all of your money in no time. What is the rule?

      • -Leave your emotions at the door and never make trades on emotions!


      We have seen and heard about many novice binary options traders losing large sums of money early on by making trades on emotions, and not based on technical data. This is something you must avoid at all costs if you are to be a successful binary options trader. If you break this rule, then it is a slippery slope and one we do not want you to slide down.

      There are many emotions that can get in your way. The most obvious emotion that trips people up is greed, and this is one that is tough to control, even for the seasoned investor. When you start feeling this one, take a break from trading if you can. Go for a walk around the block or take the day off. This is a beast of an emotion to trade with and is one that can lead to some very poor decisions. By all means, avoid trading with greed. Just like a poker player who has lost his emotions and tilted, a binary options trader can lose their focus and make some expensive mistakes.

      Another emotion that is directly tied to greed is impatience, and it is like the other side of the coin. Impatience to "get rich quick" is a common fallacy in the options trading world and it can cause just as many issues as greed. When you are impatient, you do not give the trades your full attention and make uncalculated assessments. This is a sure-fire way to lose money and be unsuccessful in trading binary options. Patience is a virtue, and in trading options it might be the ultimate virtue.

      Anger is something that we all experience, and there is nothing wrong with it. You do want to avoid making trades when you are angry though. Whether you are angry due to something in your life, or something directly related to your binary options trades, it is best to take a breather and let the anger cool down. Anger is not permanent and it can be released after a quick workout or walk around the block, but it is something that is not smart to trade with.

      These are just a couple of the emotions that can cause issues for even the most experienced binary options traders. Be on the lookout for emotions that can get in the way of you successfully trading binary options. Every person is different and will be affected differently by different emotions. Learn to know when to hold them and when to fold them. No one knows you better than yourself, and it is up to you to make smart financial decisions when you are actively trading binary options.

      Binary Options Trading: A fun way to work!


      If you can learn the ropes and become successful, this is a great way to work. Remember that Rome was not built in a day, and a successful binary options trader was not made overnight either. Take the essential time to refine your trading skills and you can be in for a long and successful career trading options online. You can work from anywhere there is an internet connection, even the beach, but it takes time to get successful and you have to be willing to pay your dues. Hopefully you can learn from other’s mistakes and not get an education at the school of hard knocks, because it is possible to avoid.

      The ball is in your court and we wish you well as you learn how to trade binary options successfully! Keep in touch with us and let us know how things are going. We love to showcase success stories. Are you the next Binary Options Now success story?