Binary 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. Here you will find a few articles and videos, which are particularly suitable for the successful start to trade binary options for trading novices.

1) Why and how to trade binary options
2) How to correctly identify what trade to do
3) Which broker is the best to open an account at and trade
4) How to deposit money
5) How to withdraw money, I’ve earned
6) Try a free trading immediately

1) Why and how to trade binary options?

call and put pictureTrading binary options is one of the ways to earn money online. However, for this type of an income, you don’t need to sit long hours in training. It’s very simple and everyone can master it. The trade alone is always clear and fast.

Trader (you) selects whether the price of gold, silver, or stocks will go up or down. If your guess is correct, you’ll be awarded with up to 190% of the wagered amount . This movement can be quite accurately predicted and therefore it’s possible to earn money with 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.

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Do you want to learn more??

Subscribe to our Binary Trading Course for FREE and download an ebook How to make money with binary options easily.

2) I know what binary options are. But how do I know if the price will go up or down?

As you already know, binary options work the way that when you correctly estimate the tips for beginnersdirection of prices of gold,
silver, or stocks, you earn money. 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. Binary Options Strategy.

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. If it seems that we could enter aThis is how a chart in MT4 may look like trade, open a web browser (e.g.. Google Chrome or Internet Explorer) and perform a trade on broker’s platform (e.g. www.stockpair.com). We do not do business directly in Meta Trader!

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. Give that a look.

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.

3) Which broker is the best to open an account at and trade?

You can learn a few basic rules, on this page. A list of recommended and approved binary options brokers can be found here: binary options brokers. After clicking on any of the broker’s picture you can get a very detailed statistics, important information to consider and according to it, decide which broker is right for you.

Important factors necessary when selecting a broker:

  • How big are the profits for each winning trade that the broker offers?
  • What is the minimum amount of deposit and trade?
  • Does the broker offer trading with 60 seconds / 5 min / 10 min options / Touch options? (Everyone has different ways of trading)

Here is a list of top three binary options brokers and their pros and cons:

  • IQ Option: Broker with a low minimum deposit of $ 10) and a low minimum trade amount ($ 1)  so it’s particularly suitable foriqoption beginners. Unfortunately though, the platform has many many functions you can use – their platform is very good! But beginners might get lost at first.
    You can receive up to 50% extra on your deposit for free and can, therefore, trade with twice as much money as you’ve invested, absolutely free. As soon as your deposits combined reach up to $3.000, you get a VIP status, your own personal account manager and access to many educational videos and articles.
  • Stockpair: A great broker with a minimum deposit of $ 250 and a minimum trade amount of $ StockPair logo20. Responds quickly to the trader’s demands and we recommend it to experienced traders, however, even a novice wouldn’t get lost at stockpair. You can trade both short-term, long-term options. This broker ended the first in the survey for the best broker of the year 2015.

All recommended binary options brokers

Broker Advantages Min Deposit Payout US Traders Review Open Account
HighLow Free cashback of $ 50! $50 Up to 100%* Review Visit Broker
StockPair Offers KIKO options $250 85%* Review Visit Broker
BDSwiss Great broker for german clients $100 70-89%* Review Visit Broker
IQ Option Europe Ltd FREE DEMO ACCOUNT $ 10 Up to 91 %* Review Visit Broker
in case of correct prediction
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

4) How to deposit money?

Have you decided to start trading binary options? Great! But to make money, you first need to transfer your funds to your trading account, make a deposit.

Every broker has the deposit process done a little different, but generally, it’s more or less the same. It is necessary to use Skrill, a credit card or just send the money through the wire transfer – which is the slowest way. Broker IQOption has the lowest deposit of only $ 10, followed by BDSwiss, and ETX Binary – $ 100 and with the rest of the brokers (24Option, Stockpair,..) it’s $ 200 or $ 250

5) How to withdraw the money I’ve earned?

If you’ve read through everything I wrote on this page and you have decided to trade, hopefully, you are in profit. Now you just need to do the simplest step, which is to withdraw the money you’ve earned to your very own bank account. You can have them sent right back into your bank account by logging in to the trading platform and subsequently clicking on withdrawal.

The money will be in your account within 7 working days, but usually much faster and you can use it to buy anything you want or you can re-invest and re-evaluate them again.

This is what trading is like – IQ Option platform

You can find a test platform below. This is how entering a trade with a broker looks like. (This is, of course a fake platform only to try trading – it doesn’t reflect real market data)

  • First, choose the direction the price will move and click CALL or PUT
  • Wait for the end of the trade. Did the price move in the estimated direction? You made money!

Open an account with the best broker now!

Broker Advantages Min Deposit Payout US Traders Review Open Account
IQ Option Europe Ltd FREE DEMO ACCOUNT $ 10 Up to 91 %* Review Visit Broker
in case of correct prediction
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

And what to do now?

tips for advanced tradersHave you read, tried and mastered all the things mentioned above? Are you ready to go one step further in becoming a profitable binary options trader? Make sure you read the following guides as well.

Good luck from all of us at xBinOp.com

General Risk Warning:
The financial products offered by mentioned companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
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