In this modern life, we need to know that there are more and more people who are going to take advantage of internet to support their quality of finance. Well, one of most useful methods to obtain income online is by taking advantage from binary options benefits. What is it actually? Briefly, binary options trading is a simple method of trading, based on the determination of whether the choice of assets such as stock, index, commodity (gold or oil), and currency pairs within a set time closing price whether will be above or below the price at current time. The smallest time limit is 60 seconds up to several hours, depending on the broker and the assets available. If the analysis is correct, then it would make a profit of 60% up to 85% of the capital or value of contract. Meanwhile, if the prediction is wrong then the contract which is purchased will remain 0% up to 15%. This percentage depends as well on the broker and options contracts.
So, what are the advantages of binary option trading compared to others? First, there is no floating. Short duration of the contract makes no floating loss. At the time the contract expires, the result of a trading contract will be already known. Second is the aspect of profit and loss. You can get whether fix profit or loss actually. Next is the short time of contract. Time ranging from 60 seconds contract and it can be made repeatedly for greater profit opportunities. Variety of asset traded may become important benefit. Commonly you can obtain stocks, commodities, currencies and Indices. Next benefit is indeed about the high rate of return. Contract rate of return results ranged between 60% up to 85%. There is also no margin call as well as no leverage.
What I should recommend is only in how you choose the broker of binary option trading. It is because there have been many poor quality brokers out there which may cause you in gaining disappointment only within your trading activity. Therefore you need to pay attention several things such as the binary options benefits but first is you need to choose regulated brokers wisely. This is the first point of several important points to choose brokers. This is a must to consider actually in avoiding scam. Second consideration is to choose brokers who have a minimum deposit especially for any beginners. Thus you can start trading with the smallest capital to avoid big loss. Next is about the option of payment. You need to customize with certain payment based on your need whether wire transfer, pay pal, credit cards and other payment methods. You can use internet to conduct review first actually.
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