Binary Options Trading offers a variety of advantages over other forms of trading that has made it a popular choice for many traders.
One of the main reasons people like Binary Option trading is that it’s extremely easy to get started. Once you understand the basics of placing a Call or Put trade it’s as simple as putting in the amount you would like to risk, and either pressing Call or Put and then waiting on the result.
Another advantage is that you know exactly how long you will be in a trade for. Binary Options Trading has set expiration times so when you enter a trade, rather than having to decide for yourself when to exit the trade and potentially exiting too early or too late and losing your entire bank, you already know the exact time the trade will end. A lot of traders prefer this as it allows them to accurately plan and predict their trading patterns and allow them to be out of trades during times of volatility.
Unlike other forms of trading, with Binary Options Trading you will never risk in a trade than your initial stake. With Forex Trading you can set your pip size and also a stop loss, but there is always a risk that you will lose more than you intended, and any slight miscalculation in the heat of a trade can leave your account emptied in a matter of seconds. With Binary Options Trading you set the amount you want to stake when making the initial trade, you can also see the % gain you can expect to make on your initial staked amount therefore allowing you to work out how much you can expect to profit and know exactly how much you’re risking regardless of the amount of movement within the markets.
Many people new to Binary Options Trading are also surprised to learn that there are no commissions either. This further allows you to plan your trading finances better as the exact amount you risk and the % payout will be exactly what you Win or Lose with no extra or hidden commissions from a Broker.
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