As it has been previously said, binary trading is very risky: it's halfway through investment and gambling, and trying to figure out whether a trade is going to be successful or not is hard, especially when really short time frames are involved (a journalist working for Forbes even defined it as impossible). Considering the fact that most fruitful transitions are not regulated by official entities, either, especially outside of the US, you should probably stay away from it, and try more approachable investments, if you really want to get into trading in a light way.
A viable alternative could be day trading, which is based on buying and selling the same stock on the same day. You can start investing a small amount of money, at first, even though the earnings will most likely be limited at first, but it's a viable option, especially if you're willing to dedicate yourself to it (it can be really demanding). You can keep yourself updated on the most recent marketing news on websites like CNBC, MotleyFool and TheStreet, which you can also follow to have a look at the most recent trendlines. There are various strategies you can follow to choose what stocks to buy and when, like daily pivots (you'll take the risk and buy a stock at low price, when you're expecting it to get higher) or scalping (you buy a stock when it's already in a positive trend and sell it at a slightly higher price; less risky, but also less profitable).
However, before jumping in trading, in any form, I suggest getting some practice at paper trading websites like StockTrak (it's also used as a simulation tool at university). It will give you a nice idea of how it works.
If you still want to get into binary trading, though, you should look around for official options exchanges that also offer binary options (Chicago Board Options Exchange introduced them in 2008, and they're cleared by the Options Clearing Corporation, so they're somewhat safer). Their volatility is listed as BVZ. There's not much more I can tell you, as it all depends on the involved brokers: they decide the time frame, the indexes you're going to refer to, they can even let you exit the trade before the deadline (most probably won't). Having a look there is the best advice I can give you.
Anyone here making money online trading binary options?
Please share your successful strategies with us!
A viable alternative could be day trading, which is based on buying and selling the same stock on the same day. You can start investing a small amount of money, at first, even though the earnings will most likely be limited at first, but it's a viable option, especially if you're willing to dedicate yourself to it (it can be really demanding). You can keep yourself updated on the most recent marketing news on websites like CNBC, MotleyFool and TheStreet, which you can also follow to have a look at the most recent trendlines. There are various strategies you can follow to choose what stocks to buy and when, like daily pivots (you'll take the risk and buy a stock at low price, when you're expecting it to get higher) or scalping (you buy a stock when it's already in a positive trend and sell it at a slightly higher price; less risky, but also less profitable).
However, before jumping in trading, in any form, I suggest getting some practice at paper trading websites like StockTrak (it's also used as a simulation tool at university). It will give you a nice idea of how it works.
If you still want to get into binary trading, though, you should look around for official options exchanges that also offer binary options (Chicago Board Options Exchange introduced them in 2008, and they're cleared by the Options Clearing Corporation, so they're somewhat safer). Their volatility is listed as BVZ. There's not much more I can tell you, as it all depends on the involved brokers: they decide the time frame, the indexes you're going to refer to, they can even let you exit the trade before the deadline (most probably won't). Having a look there is the best advice I can give you.
Anyone here making money online trading binary options?
Please share your successful strategies with us!
