Advantages of Binary Options Trading Over Traditional Forms of Investment
Most of us, including myself, want to start investing somwewhere to build up our retirement accounts. It is never too late or too early to start doing so, but the question is where do we start from ? There are waay to many forms of online and offline investments available and it can be very confusing when we try to decide what to choose.
You can buy stocks,dividends, you can invest in real estate , or you can trade CFDs. Forex or maybe Binary Options ?
Personally, I have chosen to trade Binary Options, and as most of you already may know me, it’s my full time job for more than 4 years already !In the last 10 months or so I am the signal provider of a very succesfull trading room and I also like to consider myself a very good trader. Trading binary options has been generating for me incomes of 100.000$-200.000$ anually over the last 4 years.Even tho my experience in Binary Options trading is over 8 years, in the first 2 years I was constantly losing and then it took me another 2 years to recover the hole I made in my budget.To this day, I never regret my ambition and determination of trying to finally be profitable with Binary Options Trading.
I could never suggest you to start trading Binary Options if Forex could actually be better suited for your trading style, or maybe even buying/selling stocks, but for myself, Binary Options are definitely the most suited trading form !
In my opinion, binary options may be an excellent point to start becoming a trader I will try to describe you the main advantages of binary options trading over other forms of trading:
1.Binary Options trading is very easy to understand and start trading !
If you are brand new to online investments, good luck trying to understand trading Forex ! Even tho myself have also learned Forex trading over the years, I can tell you Forex trading can get very complicated, you would need to spend time to read books, or even get paid courses in order to start learning and understand how Forex really works.
On the other hand, binary options can be very simple to learn how they work. Understanding how to trade is a matter of minutes, are there are only 2 directions ( UP/DOWN) and then you only have to choose your trade duration (5 minutes, 10 minutes, 15 minutes etc.). In fact it is so easy that I can teach you right now in just a few steps how to place a Binary Options trade (make sure you use a demo account tho) :
- 1. Open your binary options trading platform ( I recommend you using IQ Option or 24Option)
- 2. Pick an asset to trade, EUR/USD for example
- 3. Decide if the asset is likely to go up or down in price (CALL or PUT)
- 4.Choose an expiry date, it can be ranging from 60 seconds until end of day or more, even tho’ i’m a fan of 5 minutes long trades
- 5. If you believe the asset’s direction will be going above(up) its current value when the trade expires, pick CALL(HIGH) If you believe the asset direction will be going below (down) pick PUT.
- 6. If your prediction was right, you just made a 80%-90% profit from your investment !
It doesn’t necessarily means that after minutes you will be an expert of Binary Options trading, as it still involves a lot of market analysis, patience and discipline, as we have already learned in our previous article, Why do most traders fail ?
2.Nowadays, fees are almost non-existent when trading Binary Options.
Many Binary Options Brokers do not charge you anything when placing a trade on their platform, unlike stocks brokers for example, that can charge you as high as 5$-8$ per trade.If you are doing a lot of trades, 8$ per trade can stack up a pretty big ammount of comissions in the long run !
What I’m trying to say here, is that Binary Options are very affordable for any type of investors, you don’t need at least 10.000$ in your account in order to be able to start profitable, and you can start with as low as 250$, but I am always suggesting a bigger starting capital in order to make some consitent profits trading by-the book.
3. The minimum deposit ammounts are very low
The minimum deposit ammounts are tipycally 250$, even tho some brokers, like IQ Option are allowing as low as a 10$ starting deposit, even tho I would not consider this an investment ammount as I am always suggesting to have at least 250$ in your ballance, but myself I always recommend a strong investment like 2,500$, 5,000$.
4.The minimum investment per trade can start as low as 1$
Earlier at point 2 I was telling you how stocks brokers can charge as high as 8$ per trade, that means that you are guaranteed to lose that ammount of money each time you start a trade when trading stocks !
On the other hand, Binary Options brokers do not charge you anything when you open a trade, and you can even open a trade with as low as a 1$ investment, like IQ Option ! There are still some brokers, like 24option that require at least 25 $ per trade, but that is still very low when compared with stocks or forex trading !
If you are a newbie in Binary Options Trading you can even start practicing on a real money account with small 1$-2$ trades !
5.You can trade hundreds of assets at the same time on the same broker !
Most of the brokers let you trade mutiple assets at the same time, and let you open more trades at the same time, even tho I do not recommend doing so.On almost every binary options broker, you can trade hundreds of stocks,forex currencies, commodities, and even indices.
Recently, IQ Option launched even Classic options where you can trade different stocks, like Apple, Facebook etc. or the well known S&P 500, which by the way I have also succesfully traded S&P 500 a few years ago !
Given those facts, it ensures we have the opportunity at your fingertips at every moment. If the EUR/USD doesn’t give us a trading opportunity, or it’s not performing well, we can always switch to XAU/USD (GOLD) trading.If one market is closed, the other one is open and so on.
6.There are multiple ways you can trade
At the same time, there are multiple ways you can trade Binary Options:
- High/Low or CALL/PUT: This is my favorite type of trading. If you can successfully predict where the direction of an asset is going, this is a wonderful way to profit off of the movement ! I usually get very long win-streaks with this method of trading.
- One Touch trading: If you think you know not only which direction price is moving, but also how far it is likely to move you can trade One Touch type of trades, which can give you even more profits than just High/Low, profits with this type of trading can be as massive as 500% per trade !
- Range: You can think of this as the opposite of a One Touch trade. You are betting price will not trend, but will instead range inside a channel,which can be narrower or wider. That channel is given by an upper and lower value. If price stays inside it, you win the payout.
- 60 Seconds: For those in search of a thrilling and fast-paced experience to trading, 60 Second trades can be for you. These trades expire in just one minute, and are a great way to trade if you like to follow price on a lower timeframe.Even tho myself I do not trade 60 seconds as they can be more risky and require a higher precision, I have some friends and even members in our trading room that can be very successfull with this type of trading
As you can see, with Binary Options you have multiple ways of trading to choose from !
7. You can trade at any time from any location !
In the old days, you actually had to physically pick up a phone in order to place a trade.It was hard even to see how the trade was going as most people were not having live access to the markets.
Now all that is so much easier ! You can watch the markets from your home computer, your laptop or even from your mobile phones ! With my high-accuracy signals given in our trading room, you can trade even while you are traveling or even find yourself in the dentist’s waiting room !
8. You don’t even need to start learning yourself
The days where you needed to be an financial expert are long gone.With VorteXz Signals ‘s state of the art signals you do not need any experience with trading, all you have to do is be a member of our trading room (read here how to become one) and you are ready to go.
This would be the best way to start trading Binary Options, even tho I’m recommending that you start learning for yourself, as it may offer you a better avenue towards financial freedom.
If you are commited to start learning and trading youself, I would strongly recommend you having VorteXz Trading System which has everything included in order to make you a strong trader !
For investors just starting our, Binary Options are the perfect choice !