Mar 10
11
How To Trade Binary Options
Binary Options Trading is simple because you only have 2 outcomes.
In The Money
&
Out Of The Money
Im now going to go through the process of trading binary options using an online trading platform:
The first thing we need to do is choose which trading platform we want to use. There are many ways to find out which site is best for you and those are covered in detail in other posts around our site. We just dont have time to get into that right now.
So for purpose of this DEMO I will use the StartOptions Platform. This is a great platform to trade on and is the best suited for beginners as they offer a Practice account that is pre funded with $500 to practice trades with out risk of loosing your own money.
Lets Get Started
STEP 1: Sign Up To StartOptions.com (its free)
Now take the time to look around the site and just get familiar with the navigation and FAQ’s
STEP 2: How to Start Trading
Once Logged in Click on the Trading link (most left on the tab menu)
- Choose An Asset To Trade
- Choose Direction: Call(above) or Put (below)
- Select amount of investment
- Click
- Wait till end of the hour to see outcome
Assuming you choose CALL (Above)
- If instrument closes above the price you purchased at expiry, you earn 70%
- If instrument closes below the price you purchased at expiry, They’ll credit your account by 10%
Assuming you choose PUT (Below)
- If instrument closes below the price you purchased at expiry, you earn 70%
- If instrument closes above the price you purchased at expiry, They’ll credit your account by 10%
STEP 3: Collecting Your Money By Withdraw
Now that you have made some money trading binary options you may want to withdraw your funds. There are two ways of doing this, by Credit Card and Wire Transfer to Bank account. To collect your withdraw to your credit card it must be the same amount deposited. This is essentially a refund to your credit card that you deposited with. The other is a bank wire and is very simple to use. They say withdraws will be credited to accounts in 3-10 days.
To Make A Withdraw Click On The Deposit Tab:
Then go to the bottom left of of page and click withdraw request.
Well That is the basic way to trade binary options using a trading platform. As you can see it is a very simple process making binary option trading accessible to EVERYONE, not just stock traders.
Please feel free and take a look around our site,
Click Here to See Our Binary Option Trading Platform Reviews
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