Binary Option Introduction
What is Binary Option?
Binary option is often considered as exotic instrument. It is a quick and simple method of trading in which the trader has only two available options. When trading binary options, trader invests a certain amount of money and decides whether he believes the assets's price will rise or fall during a predetermined time frame. If the trader is correct at predicting the market trend, he/she immediately receives the amount invested, with addition of the earned profit. If he turns out wrong, the invested amount will be lost.
Traders often find binary options attractive because of their apparent simplicity, especially since the traders must essentially only predict whether something specific will or will not happen. The risk parameter is also well defined as your initial cost is always your maximum risk exposure to the trade. Furthermore, no other option trading in the market provide high rate of return in such a short duration like binary options do.
Furthermore, binary options also enable you to adapt or adjust your position according to any situation that arises. Traders can be as speculative or as conservative as you want based on your trading strategies. This means you can do everything from protecting a position from a decline to outright betting on the movement of a market or index. However, we do not advice traders to based their investment on guesses without any advance knowledge.
At Binatrade, we provides an easy and simple trading platform that enable everyone to trade like a professional. Our platform offers:
- Over 100 assets like forex/currency pairs, stocks, indices and commodities.
- Various options expiry times, ranging from 30 second to 3 months.
- Multiple selections of options like Digital, Touch, Range, Turbo and One Touch.
- Advanced risk management features on Digital Options like Insurance, Closed now, Extend and Double up.
- Most options are available 24/5 with additions of Bitcoin/USD for your weekend trading needs.
Our platform is easy and allows anyone, with or without financial knowledge to trade online whenever, wherever to your liking.
We, at Binatrade believe that a trader can only make educated, well founded decision after they acquired knowledge of the market. That is why our financial experts at Binatrade has spend countless time to prepare tutorial videos, eBooks and common trading strategies in hope to ensure our customer to success and profit from trading at Binatrades.