The number of people who trade binary options is growing rapidly. New binary options sites are popping up everywhere and registration offers are getting more and more attractive as the competition grows. For those of you who are on the fence about getting into this trendy new form of investment, here’s why people trade binary options and why they are heading for financial world domination:
It’s good money
The truth is if you take a look around the investment market you will notice that one of the only ways to gain a 65-71% return on stock, commodity, currency or index trading is to trade binary options. Depending on the underlying asset you choose to invest in, you can make some serious earnings. Your success only depends on one result – the rate of the underlying asset at the time of expiry. Of course, brainpower is needed to some extent here. To trade binary options, you need to study the behavior of the underlying assets that interest you, but you don’t need to be a gifted analyzer or forecaster to turn this knowledge into profits. You just need to grasp the general trends and predict the direction an asset will move. If you manage to do this, you could make thousands of dollars a week.
The risk is lower
One of the major characteristics that compel people to trade options is the 15% safety net return that most platforms offer, should your option expire out-of-the-money. Whenever you buy Call or Put binary options, you are awarded the reverse option automatically for free and it protects 15% of your investment. For example, you invested $5,000 in a trade with a 70% return and it was successful upon expiration. It turned into $8,500. The opposite expiration would still leave you with a $750 refund.
You don’t need to be a financial expert
Like I said above you don’t have to be an investment guru to trade binary options. Most investment amateurs think that to get into trading you have to be a financial markets genius to get in the game. That might be case with other investment tools but not when you trade binary options. It’s all about predicting the direction of the market, and only the direction. For this, all it takes is a couple of hours of reading financial news from your favorite internet news source (probably already part of your daily routine). In addition, it is very easy to trade binary options online. With just the click of an arrow you choose a Call or Put Option and you’re done.
1 hour and you’re in the money
In fact, most investors who trade binary options will tell you that the best way to trade is to choose the 1-hour expiry time. This is the optimal choice because the shorter the time, the less chance for fluctuations. Unlike mainstream investment tools, you don’t have to wait for a month or a year to grow your investments. In 1 simple hour you could be a few thousand dollars richer.
There are bonuses
The majority of options trading sites reward members who trade binary options with them by handing out bonus cash. For example, the site will grant a member with an extra $20 for every $100 deposit he makes. Some sites have special weekend and holiday bonuses and it’s also quite common to receive a promotional email with a more personalized offer. For example, your binary options trading site may offer you a better rate for a limited time if you trade binary options on your favourite underlying asset.
Set up is absolutely free
You don’t need a broker or an advisor to trade digital options, nor do you pay any commissions. If you come across a site that asks for a registration free, navigate away fast! Nobody takes a piece of your earnings and they are yours do withdraw whenever you choose.