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Digital options – The new way of trading
How Safe are your trades? Like all types of trading, binary options trading involves a level of risk, so your investment is technically never a complete ‘safe’ bet. This is trading after all and isn’t as simple as investing in some premium bonds. However, through knowledge and learning more about binary options trading strategies you can get better at making decisions and so your trades will become safer as your knowledge grows and you’ll be more likely to win.
That’s why Onlinescam.net has been created, a website ready to help you learn all the basics about binary options and trading online, which will help you avoid scam when trading online. But in order for you to properly understand what’s all of this about, it is important that you grasp some of the concepts and get to know in first places what binary options are.
For further reading please take a look at the following links. In these articles helpful information is be provided that helps you not only to understand the fairly new concept of binary options, but also the framework of different countries in which the brokers operate.
You probably have heard about buying or selling stocks, currencies, commodities, precious metals, and so on. Binary options or a digital option is another financial option in which you will receive a payoff of some fixed monetary amount if your trade is successful. On the other hand, you will get nothing if your trade happens to be unsuccessful.
The return of investment can vary from broker to broker. Obviouslyits better to trade at a broker with a high ROI. In this regard the broker for digital options BDSwiss has to mentioned. Not only has the broker a positive image among many traders, but also offers a high return of investment up to 85%. If you are complete new to this topic, take a look at the following infographic where the digital trading is explained.
Trading binary options can bring some quick financial gains as well as causing you to lose a portion of your trading capital. While it is believed that binary options trading lets you control the extent of risk exposure from the beginning, it is also possible that you can lose all your investment if you do not apply your discretion while placing a trade. This is why it is so important for you to do some research and therefore…you will avoid losing your money or getting ripped off!
Assets are the possible financial instruments you will be trading. It could be currency pairs, commodities, stocks, and index. How to trade – Call & Put:
Call: The call indicates that the price of an asset will rise above the set price. When you are placing a call action on an asset, say USD/EUR, you are assuming that the value of the currency pair will rise higher than the current price.
Put: The put action is the opposite of “call” which means that you assume that the value of the currency pair will fall lower than the current price.
Finding the right broker
It is mandatory that you choose the right broker for you that is in accordance to the legal framework. There might be differences between the framework that is applied for trading in Canada or that in Europe. You need to trust your broker, as it is your broker and its platform the ones in charge of your money and where you will be trading online. Brokers vary, and there exist a lot out there! It is just important that you do some research and that eventually you make a smart and wise decision based on your preferences and the researched you have done.
As mentioned before, there are tones of brokers out there, and some are better than others. Ideally they will offer some of the following:
Demo service: So you can practice your skills before doing it for real. You will be trading with virtual fake money, which will help you get trained for the real deal. Not only will choosing a broker that offers a demo allow you to flex your binary options muscles, it will also allow you to become accustomed to your brokers interface. If you don´t want to do proper research for this aspect you can take a look at the review of the broker IQ Option, right away. Often a confusing interface can affect the decisions you make, so getting clued up on the interface is essential.
Bonuses: Can you imagine already earning a lot of money and even being rewarded and be given some bonuses based on your performance and earnings? Sounds great, right? In some cases, having access to bonuses implies getting a premium account or VIP account. Do your research and see what works better for you. No one but you knows what will suit you better! If you decide to start with a basic account, most of the brokers enable you to upgrade later on and get a premium/VIP account in the future to maximize your profits.
Deposit: Most, if not all, of the brokers require a minimum deposit to start trading. This amount goes from 200 to 1K or more, depending if you choose a regular basic account or if you prefer to already get yourself a premium VIP account. It is important that you know that this money is YOURS, you will be trading with this sum of money you deposit, and at all times, all the balance in your account belongs to no one but to you! There is no broker that will be taking up a commission on your profits.
Assets: Some brokers offer a wider range of assets and that is always better when trading and trying to maximize profits. Believe it, the pay-outs should always be quite attractive. It’s easy to be overwhelmed with the amount of brokers that want to offer you their service, but as a binary newbie, it’s recommended to use a tried and tested company. Keep an eye out for a company’s reputation before committing to them.
There’s one major thing that all good traders have in common – they research their assets in order to trade them as knowledgeably as possible. Keeping a check on trade news that could affect you is a must, as is being aware of any upcoming events that could possibly effect your trade. In some cases these information are presented in a comfortable way, for example with 24Option, a broker for digital options. Keep on top of your game with market research!
Another thing all successful traders have in common is using proven strategies that work. Again, the use of a binary demo can help with this before committing funds. There is nothing more surefire to lose. Learn and implement your strategy!
Keep in mind that no broker is perfect. It is the whole package that has to suit your needs and some factor might outweigh the absence of others.
Act with caution:
Many people think that binary options is a scam. This is because as with all good things, there also comes a negative side. There’s the good guys in the world and the bad guys and as always the bad guys will ruin it for everyone, if you let them. So although there are your cowboy, scam artist binary options scam sites to be wary of, bare in mind that a lot of acquisitions of binary options being a scam aren’t even actually based on it being a real scam. This is why, once again, doing research is SO important!
All that remains saying is to give you advice on regulated brokers. Depending on your country of origin and residence, binary options brokers will be regulated or no. Think of this as a shade of legal statutory and regulation on the online trades you make. Although digital trading in Australia is very popular you might choose an unreliable broker. If you get the chance to choose between a regulated broker and one that is not regulated at all…. Would you risk yourself?
If you don´t want to look for a regulated broker but instead take a look at a reputable broker that was able to establish itself maintain its strong market position then why don´t you take a look at the well – known broker BDSwiss that describes itself as one of the industry leading brokers in the field of Forex and binary options trading.
You can also spot a scam by doing your research and getting to understand binary options and the industry before you invest any money in something you don’t understand. If you then find a broker you’d like to use but need to make sure they’re a reputable broker, then you can try calling their customer support team to ask some questions, check if their address is registered somewhere with good regulatory infrastructure and check their press page for reputable sources / Google them for honest reviews.
Key advice – What´s important?
As a rule, never risk more than 5% of your capital on any one trade. It’s a common theme amongst traders to never (ever) put all your eggs in one basket. The most profitable way to gain from binary options is to invest in many trades. This ensures that if you have made a wrong choice, you won’t have lost a sizeable chunk (if not all) of your funding.
Another tipp is to look for refund options. Some brokers offer such function, however don´t expect to get the whole capital employed back. If you want to know more about that function please consider this review of the broker Anyoption. After you have developed your strategy, feel comfortable with it and pretty confident, you will be able to risk more Money, but you don’t want to lose what you have just started to win, right?
Again, You can only lose what you put in, however, if you’re less familiar with digital options trading you could easily lose all the money you put in if none of the trades work in your favour. So to eliminate a degree of risk, make sure to do your homework.
In conclusion; if you don’t understand what you’re buying or it seems dodgy, don’t buy it, and keep searching. It’s better to be safe than sorry. Make good use of the DEMO accounts provided by some of the brokers, this will not only help you understand more about binary options and how trading online works, but it will also get you the chance to see how the site works, how true the different features area and …yes, basically you will be able to see if they are keeping the money people earn or not!
All of this being said, whenever trading with binary option, you are always at risk of a potential loss as well a prospective win. If you wish to take these chances, binary options are very functional, straightforward options.