☑️NEW How does Binary options trading work?

[crypworld]

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I'm new to this and I'm a bit nervous.

Please give me some tips how to trade Binary options without burning your hands?

 

[gammarays]

I'm new to this and I'm a bit nervous.

Please give me some tips how to trade Binary options without burning your hands?

Binary trading is the most risky of forex and crypto trading. It's just a yes or no stuff and is purely on lock and a good money management system.

 

[sagefave]

Binary options is a financial market almost like forex but slightly different. In forex you can open a trade position and have it open either until you make a profit or cut your losses. While in binary options, every trade has an expiration time and once that time elaspe you either have lost your stake or have profited.
most people prefer the one minute trade, where after one minutes the trade is over and the results checked if the price of the currency being traded went up or down.
There is a fixed percentage on every trade making it easier to calculate profit and loss than in forex.
a good money management system, good understanding of indicators and your gambling wits is all you require, no need to be nervous.

 

[ELSA-ELI]

So to be honest this is really a very broad topic that requires you to invest in alot of knowledge before you can start trading with a view to gain a profit.There aare alot of YouTube channel's that teach quality strategies on how to become an expert forex trader and there are some free sites aswel.Then there are some paid course thaybcan also teach you how to become a forex trader.

 

[chykes]

Binary options trading was coined out of the forex market, where a trader is only expected to predict the market movement within a given time frame. The trader only risks the amount placed on that trade and not the entire account balance. It is more risky than forex as there is no stop loss

 

[Ptrikha90]

I think, first you need to have money to spare. You need to evaluate whether you have certain "x" amount that you can "forego" in the extremely bad case.
Then start trading.
You may start with not so big trades, and see if you profit more or less.
If you make a profit of say $50, keep aside $35 and invest the rest of $15.
Build up on reserves. Do not be in a hurry.
And keep reading articles and concepts plus read the updates regularly.

In short "Brick by brick".
"Step by step".

 

[faribakhazaei]

I'm new to this and I'm a bit nervous.

Please give me some tips how to trade Binary options without burning your hands?

I didnt figure out that u are new to Forex or binary options,so if u are new to forex do not go after binary options or high leverage, first get familiarized with FX rnvironment

 

[crypworld]

Binary trading is the most risky of forex and crypto trading. It's just a yes or no stuff and is purely on lock and a good money management system.

Well, if you have great knowledge in this field, you are sure to succeed or else it's risky.

The reason I have never tried the game so far.

 

[Dora_WalletInvestor]

I also think you should study the forex market first. Learn how the market works, learn how to interpret forex news and price charts. There are many free online sources around in the form of courses, videos and ebooks.
Also, be careful because there are many scams in binary options, way more than in forex trading, and it is not legal everywhere so make sure to look up the regulations in your area.

That said, the way it works is that you can place bets on how prices will move, and you either win or you lose. So even though it is based on speculation, it is pure gambling (as opposed to trading where you have more opportunities to manage your risks).

 

[JamesSemaj]

binary options is a type of prediction where you predict the price of an asset to go up or lower than the original price after a given timeframe