Binary Options Trading
September 23, 2014 Leave a comment
Are you looking for a way to increase your money on the side? Perhaps you’re already doing pretty well in life: Your business is bringing in a fair amount of money, your stock market investments are doing well, you’re driving a very nice car and you’re even using a high end dating service. However, you know that complacency is the enemy. If you do not go out and work hard to maintain your success, it could fade. You want to keep making money in all possible avenues so that you can be more successful every year. If so, you should know about binary options trading.
Basically, this is a type of trading that works with the Forex, or foreign exchange, market. You can also trade with commodities, indices, and even stocks, but not as heavily. Most of it is centered around the exchange market, looking at the currency pairings and seeing how they move up or down in value when compared to one another. This is a multi-billion dollar industry, turning over far more money every year than the stock market, so you know that you can make money if you know what you’re doing. In fact, maybe you’re already active in forex trading.
If you are, you need to know that binary options are a bit different. Forex trading involves buying one currency and then exchanging it for another when the rate is good, and then you can trade it back when the rates change so that you end up with more money than you started with, all from making a simple exchange. You just get out of it as much as you earn, based on that difference. With binary options, you can make money no matter what happens with the pairing. You just have to predict the movement correctly.
Essentially, you look at a currency pairing at its current level, like the USD against the EUR. You then decide if it is going to go down or up in the future, and you pick how long it will take for this to happen – you could pick the end of the day or just five minutes from now. You then put your money in at a set rate, like 70 percent. If the pairing does move in the direction that you originally chose, you get your money back, plus the 70 percent. Even when the market is falling, you can earn.