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Binary Options: Your #1 Complete Guide to Binary Trading in India 2022

Started by PocketOption, Nov 11, 2022, 04:31 am

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Binary Options: Your #1 Complete Guide to Binary Trading in India 2022

Binary Options: #1 Complete Guide.
There are many ways to trade online nowadays with increased access to information technology. One such method that has gained a lot of popularity in India is trading binary options online.
What are Binary Options?
A binary option is simply an investment that you use to make a prediction which has to be a 'Yes' or 'No'. The idea is to predict if price of a chosen asset (it can be a currency pair like EUR/USD, stocks like 'Apple' or 'Alphabet', oil price contract or Bitcoin) goes up or down over the chosen period of time (i.e. 15 minutes or 1 hour). If trader is correct with prediction, he or she 'wins' - makes profit. If wrong, the money is lost. In other words, trading binary options is similar to financial betting.
The difference between binary trading method and other forms of investment is that it's not as heavily standardized. All you have to do is predict whether the price of a certain asset will rise or fall. It's very simple and doesn't require any grand knowledge to use. It's a favorite of most beginners in online trading because of its simple nature.
When you start trading binary options, you know right from the start the full amount you stand to earn if your prediction is correct. With this you know the amount of risk you're taking. The percentage of return is normally placed at between 70 to 95 %. For example, if you invest $200, then you can get a return of between $270 and $295 if your prediction is correct. But if you are wrong, you will lose your $200.
Remember! The outcome has no in-between; it's either right or wrong. This is why this type of investment is termed 'Binary Option'. The fact that you know from the start what you stand to get is a great attraction which has made it so popular among millions of users across the world. Despite it being banned in several countries (the reason: too much risk for retail investors), it still enjoys a huge following and there are great Forex, CFD and binary options brokers that have it on their types of assets. It's fairly easy to open an account with them and start placing your trade.
A good example of such companies is Binary.com that is projected to reach an active client list of 175000 users in the year 2022. It had over 225 million registered users in the year 2019. This shows that online trading is very popular and instruments like binary options are preferred by many for their simplistic and straightforward nature. This is despite it having risk like any other instrument.
Binary Options: Advantages and Disadvantages.
Pros.
High Rewards Fast Returns Easy to Trade Wide Range of Traded Assets Limited Risk.
Cons.
High Risk of losing money due to leverage. Different brokers state that 72-77% of their retail investor accounts lose money when trading CFDs. With binary options trading it can be up to 80% or more. You should consider whether you understand how binary options work and whether you can afford to take the high risk of losing your money.
Do Binary Options Really Work?
Yes, binary options do work. They are very simple to learn and use that even beginners can get started at any time. The only point to note is there is risk involved similar to any other investment and is higher even. With binary options, there is a risk of losing your money because of two main reasons.
You have to make time-bound conditional trades in binary options. This is when you predict at a certain time in the hopes that it's the correct one. When the time elapses then you have your answer. The problem here is that these time scales are normally too short.
There are different strategies that you can employ but as a beginner, they're still new to you. This is why you need to take ample time to learn how online trading in binary options works and test your skills slowly. The rewards and potential wins can be very luring but proceed with caution always. It takes time to perfect this. When you come up with a strategy, make sure it's a winning one to give you more profit than loss.
Online trading is still very prone to shady people who are out to take advantage of others and skim them off their money. Take your time as a beginner and learn about a company before you register an account and start placing trades. Remember you're using real money so caution is important. You can research reviews written about it and see who its regulators are if it has any.
The top companies in online trade are regulated by some of the biggest finance boards in the world like the IFC (International Finance Commission). The purpose of this regulation is to protect the interests of millions of users who actively trade online every day. A good company is fully licensed and provides all this information for you to do a background check.
The Best Platforms to Trade Binary Options in 2022.
IQ Option.
IQ option traces its roots in Europe and was founded in 2013. It has since grown to become a reputable online Forex trading platform with millions of users who are account holders. On this platform, you get access to 250 trading instruments and only need a minimum of $10 in your account to place a trade.
This is an award-winning company that has several trophies under its belt. It's won the "Best Technology Application" awarded by The Web Marketing Association. Also, the "Century International Quality Gold ERA Award" by Business Initiative Directions Group and the "Best Binary Options Broker Europe 2015" awarded by Global Banking and Finance Review.
By being awarded as one of the best companies in the industry, it's managed to create a reliable reputation among its customers. This is a huge advantage that has seen its customer base grow to over 46000000 investors from all across the world. IQ Options registered users currently number at 48,091,542 members from all corners of the world. This is an impressive achievement given that it's been operating for less than a decade. It boasts of a very high monthly investment volume of $380,000,000 with $20,375,097 withdraw monthly by investors. Daily transactions in the year 2022 are 1,338,793.
Such impressive numbers have managed to convince people that this is not only a reliable platform but one that they can trust with their money. This is even though online trading still carries a risk factor that no one should ignore. As a beginner on this platform, you can opt to open a demo account and use it for practice before you can start placing trades. It comes with $10000 in the form of virtual funds. More so to assist you further, there is a ton of helpful information on its main platform to educate and assist you to get the best from your investments.
With that comes a 24/7 customer support system with 79 agents always ready to answer any questions you might have as you place your trades. You can choose to place trades on Binary Options, Digital Options, Forex, CFD Stocks, Commodities, Indices, ETFs, and Cryptocurrencies. This diversity means you have options and stand a higher chance of earning a profit. There are several methods that you can use to deposit funds once you set up an account. The registration process is simple and takes only a few minutes to complete and activate the account. You can deposit using AdvCash, Neteller, Skrill, Visa, Mastercard, and WebMoney. These are the same methods you shall use to withdraw your profits.
The company has a reputation for faster payouts which another reason for its impressive following because you only need to wait 11 hours to get your money. This company has managed to get a foothold in 151 countries ranking among the top in the whole world.

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