With over 2,400 contracts traded each day on a wide range of assets, Binary Options trading is fast gaining ground among both novice and seasoned investors. There is a number of reasons why a lot of people are embracing Binary Options as an investment vehicle and one of these reasons is the short-term nature of the contracts.
This article will show you the main reasons that can justify your decision of going into binary options trading world. Find our why trade binary options now!
Advantages of Binary Options: Ease of Understanding
Unlike traditional options and most other investment types, the concept of Binary Options is quite easy to understand. You are basically required to predict the increase or decrease in a price of a particular financial asset, invest any amount of money you choose and make a profit if your prediction turns out correct.
Ease of Binary Options Trades
Getting started in Binary options trading is pretty straightforward, you are not required to be a savvy investor or have previous trading experience. There are a number of brokers online and all you need do is to register on any of the trading platforms and you are good to go. Also, there is nothing difficult in making trades, most of the time you just click few buttons and option is bought.
Advantages of Binary Options: Starting Small
Most of brokers will allow you to start buying options for 10 USD. Since most of successful options will give you reward of approximately 80%, it is easy to boost your bankroll. Also, required deposits are always around 100 USD, so you can start with such amount and get to the top from there.
Flexible Trading Schedule of Binary Options
Binary options can be bought at any time of the day. So either you decide to start your trading at 9 am on Monday or at 2 pm on Sunday, you will still be able to buy binary option. Of course, timeframe for which you buy an option will differ and will involve market opening, but you can make your orders when the market is closed.
Predetermined Reward and Risk
In contrast to trading Forex, with binary options you will always be certain about amount of money that you will receive in case of correct prediction. Most of binary brokers give 60+% on short term options and up to 400% on long-term binary options. So either the market movement will me for 2 pips or 25 pips, your reward will be the same. As for risks, if your trade is not successful you will either get 5% back or will not get anything, but this info will be given to you before you make trade, unlike in Forex world where you do not know for sure.
Variety of Binary Options Assets
Unlike other similar investment types, binary options can be bought on various instruments. The list of instruments starts with currency pairs and ends with CFD’s. So, if you are an expert in one of the markets, you will find yourself comfortable at trading binaries for the instruments from the area of your expertise, which is additional reason to trade binary options.
As you could see, there are enough reasons to trade binaries. But, Binary Options Hub, highlights that final decision of going into binary options is fully yours. If you are ready for this type of trades, we suggest you to pick up one of the Best Binary Options Brokers and get account there!