Making money online is difficult. No one can show even one single business that runs without risks. Quality of living is improving but at the cost of higher expenses. On the contrary however, income possibilities remain bottlenecked. People look for fast methods to earn money. While some experts say that there is no such thing as fast money, some people still manage to make money faster than others. What is their secret? Some people have exceptional talents that they harness to reach the top of money-making chain. For others, the journey seems never-ending. However, there is a way out. There is a method that will allow you to earn money quickly but that involves risk.
Binary Options trading is one area that everyone with a minimum risk appetite can explore to earn that extra cash flow which will allow them to fulfill their dreams. Compared to FOREX Trading, Commodity Trading, Stock Trading etc., Binary Options is new. This form of online trading was introduced to general public in 2008 but today, it is a multi-trillion dollar industry where thousands of traders make more money in a single day compared to what people would with a day job would make in a month!
Yes, there are risks and the greatest threat is that of losing money. Incorrect trades can lead to catastrophic losses but such losses can be minimized with proper training and knowledge. Understanding the market extremely challenging and no one in this world can say with confidence that he or she knows the market inside out! But those equipped with knowledge and analytical skills can minimize the risks. This article here will not cover any form of training but will tell you top 6 reasons why you should trade in binary options.
6 Reasons to Trade Binary Options
- Calculated Risks : Unlike FOREX, commodity or stock trading, trading in Binary Options allows traders to work with predefined risk-reward ratio. Even before a trader opens a trade, he or she will know how much money he or she will make in case of a winning trade or how much will be lost in case of a losing trade. Specific trading tools are available where traders can define the amount of risk they want to take. In other words, they can allocate the loss percentage in they lose their trades. If they actually lose, the options broker will only deduct the predefined loss from the actual trading amounts and refund the remaining amounts to the traders. This is not available with any other form of trading.
- Fastest Trading : Only in Binary Options can a trader complete a trade in a time frame as low as 30 seconds. There are only a handful of brokers such as Banc de Swiss that allow 30 seconds trading. Other brokers will offer a minimum trading time frame of 60 seconds. 60 seconds still remains faster trading when compared to FOREX, commodity or stock trading.
- 24/7 Trading Opportunity : Traders can trade in Binary Options market for 24 hours a day, 7 days a week. So, people with day jobs can actually trade during night or weekends. This flexibility is not available with other forms of trading.
- There is no Buying or Selling Involved : Unlike other forms of trading, traders do not need to buy or sell anything. Traders simply need to guess the direction in which the price of an under asset asset will move. If the predictions turn out to be correct, traders win or they lose.
- Very Small Initial Deposit : Unlike other forms of trading, Binary Options trading requires very little initial deposit. Some brokers will allow traders to start trading with just $ 100. Standard however is $ 250, which is still very low compared to FOREX, commodity or stock trading.
- Trade from Anywhere in this World : All option brokers in market offer state-of-the-art online trading platforms that can be accessed from anywhere in the world. Traders will only need a desktop or laptop with an active internet connection to access their online account and they can trade from anywhere they wish. Even better, many brokers have introduced mobile trading platforms so that traders can trade using their smartphones and tablets even when they are traveling.
But remember, trading in Binary Options can be a risky affair and you can lose your money. So, it is always essential that you learn how to trade.