Binary options trading is both very risky and very profitable. You can learn, with a proper caution, how to make money in this type of a market. There are many reasons why binary options trading should be included in your business strategy. Below, you can see the 10 biggst reasons there are
After reading only couple of articles, binary options are very easy to understand even for novices who don’t have any kind of experience with CFD trading.
2) Great return
One of the biggest advantages is the great percentage return in every successful trade. A lot brokers will offer you up to 89%. That is a number you don’t reach trading CFDs very often.
There are a lot of strategies on the internet and some of them will help you increase your chance to win. You’ll find a summary of basic strategies for binary options trading on our web.
Binary options trading is becoming more and more popular judging by the the fact that more and more brokers keep popping up. If, for example, you are interested in sports betting, you could have already heard of a company winner. In 2003, this company also started offering binary options trading.
A very big advantage of binary options is that you don’t need to install any software. Every broker provides an online trading platform available on the web. Of course, you could also use your mobile phone or tablet with android or iOS.
6) Deposit bonuses
There is a lot of competition among binary options brokers and that’s why every broker will try to get their potential client in every possible way. One of these ways are deposit bonuses, where some of the brokers could easily offer you a 150% from what you’ve deposited for free.
7) Customer service
Another big PRO is a customer service that brokers offer. Whenever you are stuck you can use a live support with most of the brokers and they will answer all of your questions. Great amount of brokers will even call you back , if they know that you’re having trouble depositing.
8) Size of the trade
Minimal size of the trade is a great advantage, especially for those who are just starting off. A lot of brokers offer $10 as the minimal trade size, but you can find others who let you trade only with a $1, which, will also allow you to try the platform easily, even if they don’t offer a demo account.
9) Broad spectrum of the market
Lots of binary options brokers will offer you up to 150 assets to trade, so you can trade with a broad range of currency pairs and commodities as well.
10) Minimal risk
Trading binary options offers you a very low risk compared to other trading areas. Do you ask why? Well, for example, you can start betting from only $1 and you always know how much you can lose or gain. Even a slight fluctuation can guarantee success that you couldn’t even dreamed of in the “real” stock market.