Best time to trade binary options in nigeria

Learn binary options trading

Must Learn Binary Options Trading Basics,Discover the Best Binary Brokers for 2021

Web1/11/ · Learn about your Binary Option trading platform before you invest your real money. You can also try out new strategies or form your own, individual trading strategy Web22/10/ · The expiration time is one of the most critical aspects of every binary options trade. The longer the expiry time, the higher the chances of the asset’s WebBinary Options are a type of derivative or contract that enables you to invest in any product or financial asset on the markets. The main need is that they are on your brokerage WebLearn everything you need to know about trading binary options for profit. How to trade binary options explained, links to tutorials, example trades, strategies, tips and WebFixed amount of profit. A binary option has a fixed amount of profit which is fixed by the binary options broker. The fixed payout can be 60%, 70%, or even 90% of your ... read more

As a beginner you can find a trading platform and register an account. Trading is not gambling. To start trading you need to learn more about binary options trading, profitable strategies, indicators, trends, economic index and exchanges.

It can be complicated and overwhelming. Read a step-by-step guide from the experienced trader to learn more about binary options. Education and training will help you to become successful. Also before trading real money you should take advantage of a demo trading account and test your strategies. You definitely need training. Can you sell an option? In order to understand what binary options trading are and how to make money, you need to learn the basics. You need to know the answer to the following questions:.

Trading binary options has an element of risk involved. You could lose all or most of your money in an instant if you are careless or greedy. As such, the concept of risk management is one that every binary options trader should take very seriously. Calculating your risk in binary options is actually very easy. Binary options brokers have made this very easy, because the moment a trader pushes the button to purchase a contract, the trader is immediately shown the cost of purchasing that contract.

He cannot lose more than what he spent purchasing the binary options contract, so for every contract purchased, the amount at risk is known and the potential reward is also known. This enables the trader to do what is necessary in order to keep his risk within acceptable limits.

The basic requirement is to predict the direction in which the price of an asset will take. The price will either increase call or fall put. Successful binary options traders often gain great success utilizing simple methods and strategies. It is very important though, to understand which strategy to use in each situation and in every event, you should have a well thought out strategy for every market condition.

Whatever indicators you are using to signal moves, or lack of moves, in the market now, are the same you would use for binary options. Additionally, as with any type of trading, even before having a sound strategy, you need to employ sensible money management. Trading Currency Pairs is a Very Popular Binary Option Trade. You either win or lose. There is no middle ground. Binary means 1 or 2. One or the other. What this means for the trader is that instead of the option payout fluctuating with the asset price, the payout is a set sum that is either earned or lost depending on whether the price of the asset falls below or rises above the strike price.

The goal of binary options trader is to correctly bet whether the asset price will end higher or lower than the strike price. If you pick correctly you win the trade. You choose whether the price is going up or going down. They pay out a fixed return. They also have a fixed risk. You can not lose more than whatever amount you put up for the particular trade.

You decide is the price going higher or lower? Make your trade accordingly. If you choose correctly you win and finish in the money.

If you are wrong you finish the trade out of the money. The returns are large. Binary trading is easy by design. You can read our binary trading for dummies guide which is really designed to walk new traders through the entire process of trading from start to finish. You will learn what is important to know before placing your first trade and will have the same type of setup as any active trader. After you have successfully chosen your broker and set up your trading account , you will need to put funds into the account to begin trading.

Most brokers offer customers an easy online method to deposit funds using major credit cards. Often, you are also permitted to deposit funds through wire transfer or electronic payment. If you have questions as you begin using your account, almost all platforms offer a frequently asked questions page and email customer support.

Some offer a live chat feature where you can instantly ask questions to qualified representatives. If the world of binary options has caught your interest, start researching brokers until you find one that you feel comfortable with. In no time you will become familiar with all that binary option trading has to offer. In addition, some brokerages offer second expiration times , enabling you to potentially turn a profit in as little as a minute.

The expiration time is one of the most critical aspects of every binary options trade. However, this does not mean shorter expiry times are always preferred over longer expiry times. Only some brokerages allow traders to get a trade extension.

It is important to note that brokerages typically give traders a minute window to exercise trade extensions. The window is usually opened shortly before an option is set to expire. Furthermore, binary options expiry times can only be extended once.

Some brokerages give traders the option to close their trade before the expiry time. Similar to trade extensions, traders can only exercise an early close within a limited time window. Typically, brokerages make the early close option available 15 minutes before expiry. To double up means to double an investment in a trade.

The expiry time and direction of the option remain unchanged — only the investment amount changes when a trader exercises this feature. The expiration rate is the price of the asset at the moment that it expires. It is the factor that decides whether your bid is successful — or in the money — or not. It is vital that you do your due diligence when stipulating the price movement of the asset.

It is a key decision that determines whether you make money , and therefore, you must spare no time or effort and make an informed decision quickly. When you place a binary options order, you will see the amount you stand to make if the trade goes your way. Since binary options traders always know how much they stand to win and lose, the financial instrument enables traders to manage risk effectively. There are only three possible outcomes of binary options trading :. There are several types of binary options, and learning about them will help you use the ones that match your trading style.

Binary options trading is one of the easiest methods of trading a trader can employ. When trading binaries, a trader does not have to make many decisions. Trading binary options can be as simple as choosing whether to invest in a call or a put option. They are the simplest binary options, making them the right ones to use at the beginning of your trading career.

Suppose a trader finds out that the price of an asset will rise within an hour using fundamental or technical analysis. In this case, the trader must buy a call option on the asset. Conversely, if a trader were to analyze an asset and stipulate that its price will fall within the next hour, they would buy a put option.

In contrast, you must set both the direction of price movement and the trigger level to place a one-touch option. Most brokers require you to pick from precalculated trigger levels; however, some brokerages allow traders to set custom triggers. Brokers typically provide one-touch options on weekends and allow traders to pick an expiration time within the next week. No-touch options work in the opposite fashion that one-touch options work. The price level can be just below or above the current price of the asset.

If the price touches the trigger level, the option will become out of money. If the price never touches the trigger level, the option will be in the money. Double one-touch options work on the same principle as one-touch options — except instead of having one trigger level, double one-touch options have two triggers.

There is a trigger level on either side of the current price. Double no-touch options work on the opposite principle that double touch options do.

These options also allow you to set two triggers; however, the price should not touch either of the trigger levels for the option to be in the money. These options are typically used when the trader stipulates that the asset trades in a consolidated price range. This scenario usually occurs after a substantial price spike in either direction. Paired options are unique binary options that not every brokerage offers to its traders.

This option type is based on the performance of one asset relative to another. For a paired option to be in the money, you must select a pair of assets from a list and stipulate which one will outperform the other within a chosen period. Now that you understand binary options terminology and know-how various options can help you make money, your next step is to choose a binary options broker.

There are several reliable binary options brokerages; however, not every one of them will meet your trading needs. The best brokerages make it simple for traders to create an account and start trading binary options. Ideally, the brokerage must allow you to open an account and begin placing trades within a few minutes. It is also vital for every trader to learn about the payment methods that the brokerage offers. Ensure that the broker you sign up with allows you to withdraw and deposit money in your preferred method.

Fortunately, there are brokers in the industry that have a simple interface. It is important to consider the quality of the trading platform when selecting a binary options brokerage. Ideally, the trading platform must be accessible via computers through a web browser and applications on phones and tablets. Remember that you will require a stable internet connection to trade binaries regardless of the brokerage you pick.

You must ensure that the broker offers a wide range of assets and allows you to trade the most popular commodities, currencies, crypto, stocks, and indices. Some brokerages fixate on offering a particular type of asset, which can limit profit opportunities. Remember that the wider the range of the assets provided, the better.

It is best to avoid signing up with a broker that does not offer a demo account. Demo accounts are a pivotal part of your education since they enable you to test out the platform and learn trading strategies without investing real funds. A demo account is an account that gives you access to dummy funds that you can invest in the live market. Brokerages typically do not charge traders any fee to use a demo account.

Seasoned users can use demo accounts to get used to the platform — since user interfaces can vary drastically from broker to broker. These enable you to execute your strategies and carry out the proper technical and fundamental analysis.

It is rare for a brokerage not to offer popular technical tools; however, it is always better to stay safe and verify whether the brokerage provides the tools you use. The rate of returns that the brokerage offers is perhaps the most critical factor to consider when looking for brokers. It determines the profit you make when you trade binaries.

The rate of returns is sometimes called the return ratio or payout percentage. Payout percentages are the primary means for brokers to compete. The most popular brokerages offer a decent return ratio and also provide personal security and speedy withdrawals. It can be especially helpful for new traders. Some brokers offer a payout for options that are out of the money. With these brokers, you never lose all of your money if you lose a trade.

It is common for traders to run into obstacles when they first start trading binary options. As a result, you will likely need to speak to the customer support team a few times when you start out. For this reason, you need to ensure that the broker you pick offers excellent customer support.

Helpful and experienced customer support teams politely answer all of your questions promptly. A short response time indicates a commitment to providing a smooth trading experience. Signing up with a brokerage that offers good customer service can help you learn to use the platform and improve your trading skills quickly. Besides the quality of support offered, ensure that support is offered in the language of your choosing.

Having several means to contact the customer support team can be advantageous in a time-sensitive situation.

The majority of reputable brokerages offer several withdrawal and deposit methods. Therefore, it is vital for a trader to go through the conditions tied to withdrawals and deposits. Most well-known brokers also offer traders a sign-up bonus to attract more users and increase their market share.

You must remember that you will receive the deposit bonus only when specific conditions are met. Therefore, contacting customer support and learning about the required conditions before signing up is a good idea. You can only use this bonus code by signing up via our website.

Regardless of the asset type and analysis method, proper analysis is a must to make money trading binary options consistently. Performing technical or fundamental analysis skews the odds in your favor. It gives you an in-depth look at market conditions, allowing you to make calculated decisions. Without analysis, binary options are reduced to a simple bet, making every trade more a matter of luck than skill and experience. Likening binary options trading to gambling is not the right approach and only increases the chances of you losing money.

In essence, fundamental analysis enables a trader to gauge market sentiment and make profits since market sentiment heavily influences the price of assets in any market. Technical analysis has become more accessible over the years.

com provides the best education about Binary Options trading, with more than 10 years of experience in online trading, we will help you:. Binary guides.

Binary Brokers. Binary Strategies. Binary Options Definition is a new financial product launched and approved by the Securities and Exchange Commission USA in You simply suggest that a current price on the stock exchange will go up or will go down within an expiration time by using Binary Options.

If you are right in a certain timeframe you make a fixed monetary amount. It is possible to trade options from 30 seconds duration up to 2 months duration or even more. It only matters if the price is higher or lower than your strike price when the expiration time ends. Digital Options are offered by OTC over the counter Brokers who are matching the orders between different traders. This is depending on the platform where you trade Binary Options.

Even if you are a beginner in binary trading it is possible to start with a free demo account. That means you are trading with virtual money and do not risk any real money on the markets. Moreover, read our full guide on how to trade binary options! The underlying market can be stocks, commodities, cryptocurrencies, forex, or ETFs.

It is depending on the broker which assets are offered. The trade just buys or sells an options contract on these underlying assets. It is no real investment in the asset like buying gold from a retailer. You just trade the options contracts. The binary option always closes on a fixed expiration time. For example, you can trade seconds, seconds, or even 1-month Binary Options. It is depending on the broker you choose and which expiration dates are available.

If the expiration date is reached the underlying asset price has to be above or below your price target. The price target is your basic entry point or strike price. If you start to buy or sell a binary option the strike price is the current market price. So it is very important to have good timing on your side.

Even if you miss your price target by 0. But on the other side, you can win a high amount of return if you are right. Maybe you ask: Can I have two price targets?

A binary option has a fixed amount of profit which is fixed by the binary options broker. But keep in mind you can lose your entire investment if you make the wrong trading decisions. There are only two outcomes: You lose or win.

The fixed payout is also depending on the underlying market you trade and the expiry time. Sometimes there are three types of outcomes of a binary option trade: You lose, you win, or you get the money back when the strike price is exactly hit by the market.

Binary Options is a simple trading product with limited risk. There are only two ways to trade it: You got call options and put options. Call option means you say a binary options market will rise above a certain price in a limited expiry time.

A put option means you say a binary options market will fall below a certain price in a limited expiry time.

Many traders are asking if Binary Options are legal or not. This question is necessary when we talk about regulated and secure online trading. In the past, there were a lot of scammers in the Binary Options industry. Many regulators warned about these issues and start regulating the financial product even more. Nowadays it is important to use a trading platform that has regulatory oversight by an authority.

There are some exceptions for retail investors:. The financial product is legal to trade for investors and retail traders. Even professional traders can trade Binary Options. A trader can just sign up with a suitable binary options broker and start binary options trading. Some of the Binary Options brokers are not regulated.

So you should be careful and check up with your regulator if you can trade there. Most of the time it is legal to open a trading account. In the European Union, it is only allowed to sell Binary Options services to professional traders. That means brokers in Europe can only accept professional traders for Binary Options trading. If you apply for 2 of these points, you can trade Binary Options as a professional trader in Europe. Moreover, you can trade with a broker outside Europe, but this is not regulated.

Most platforms were related by the Cyprus regulator CySEC during the years — Binary Options is an official financial product in the United States of America. American citizens are allowed to trade Binary Options, but it has to be with a regulated broker checked by a U. regulatory in the USA like the CFTC commodity futures trading commission.

But pay attention to unregulated binary option brokers. The FINRA Financial Industry Regulatory Authority already warned about unregulated entities which are offering services to US traders. Trading Binary Options is available in the US via the north american derivatives exchange NADEX. It is one of the regulated trading platforms. You can buy or sell a binary option with a few clicks there. Nowadays, there are only a few regulated Binary Options brokers.

Most of them are unregulated. In different countries, there are different regulations. Before you sign up with a broker, you should check the regulation status in your country. A lot of brokers are blocking clients if it is not allowed to trade Binary Options in their country. If you start Binary Options trading, you might find a lot of internet-based trading platforms. But which one you should choose for your investments?

A Binary Options broker offers you to trade financial instruments based on underlying assets. The broker is the middleman between the financial markets and the trader. For retail traders, there are offered trading applications, trading platforms, software, and live charts. The following key points will help you to pick the best suitable broker for you. Ask these questions before picking a Binary Options trading company:.

As you see, there are many questions to ask before picking a broker. In our Binary Options broker comparison , we will show you our recommendations. A fraudulent binary options trading firm does not match any regulatory requirements. That does not mean unregulated trading platforms are bad, but most of the time it is very risky to start trading with them.

If you start your journey of investing and you get cheated on by binary options companies the following methods are common:. As mentioned before, trading binary options is very risky. Beginners are often impressed by youtube videos where traders make thousands of dollars in a few seconds.

What they do not see is that these traders who show up on youtube or any other platforms are experienced and they know what they are doing. You can copy their trading strategies but you will not end up making money because of the lack of experience in the market. You can lose your entire investment amount while trading binary options. This is the most underestimated risk when we see beginners start trading. There is always a disadvantage in the risk-reward ratio of binary options for the investor.

There are different factors that influence your return:. Many beginners are using a martingale system or double-up strategy to recover losses. The idea is simple and has its history in the gambling scene. If you lose a bet you just double the investment amount. When trading binary options you have to invest more money than just double it to recover all losses. The calculations below are showing the examples:.

After 5 losing trades your account is bankrupt and you can not continue this strategy:. After 5 losing trades your account is bankrupt and you can not continue this strategy. We do not recommend to use these strategies because you can kill your trading account quickly!

As you see above, you can do 5 losing trades in a row and your account is gone. Learn a good risk management and use a fixed amount for investments like professional traders.

Another high risk of binary trading are emotions and psychology.

Binary Options Academy for Beginners – Binary Option Trading 101,Can you make money from trading binary options?

WebLearn everything you need to know about trading binary options for profit. How to trade binary options explained, links to tutorials, example trades, strategies, tips and Web10/3/ · Step 1. Learn terminology. You definitely need training. For example, here’s some specific terminology wrapped with binary options. Can you sell an option? No, Web1/11/ · Learn about your Binary Option trading platform before you invest your real money. You can also try out new strategies or form your own, individual trading strategy WebFixed amount of profit. A binary option has a fixed amount of profit which is fixed by the binary options broker. The fixed payout can be 60%, 70%, or even 90% of your Web22/10/ · The expiration time is one of the most critical aspects of every binary options trade. The longer the expiry time, the higher the chances of the asset’s WebTrading Binary Options. There are many binary options trading methods available. The most common method is Rise/Fall (Call Put). Many brokers offer this in a minimum time ... read more

If External Media cookies are accepted, access to those contents no longer requires manual consent. To get started, the first thing we recommend is to go ahead and choose one of the brokers listed here and follow the steps to getting a demo binary trading account to practice with. com Cookie Name NID Cookie Expiry 6 Month. I improved my trading strategies because of you. Leave a Reply Cancel reply Your email address will not be published.

Withdrawing Money to E-wallet Withdrawing and depositing money through e-wallets is the best method to deal with Binary Options Brokers. Sign up for free Risk warning: Trading is risky. Diversification of trading strategies has the same effect as diversification of assets: it increases the chances of profitability. Some brokers want you to verify the trade, so you have to do another click. Binary options trading has been around for many decades; however, trader interest in the financial instrument only saw a surge in when the SEC approved exchange-traded binary options. So you should learn binary options trading careful and check up with your regulator if you can trade there. At the end of the day, learn binary options trading, there is no ultimate strategy that you can use to make money trading binary options.

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