Binary options, the hottest trend in forex

Binary options, the hottest trend in forex

Binary options, the hottest trend in forex

A new way of forex trading developed recently. Is called binary options trading and makes forex trading a piece of cake. Binary options are based on a simple principle: the rate of an asset or a currency pair has only two possibilities: to go up or down. That is why binary options look more like a bet than a forex trade.

The binary term used comes from the only two possible outcomes of an option like this. The binary options jut hit the online market and their popularity increases exponentially each day.

Due to their simplicity, binary options are preferred especially by novice traders. Another aspect that makes binary options so attractive is their accessibility. In binaries you don’t actually buy an asset or a currency so you don’t need large bankrolls. Their similarity with bets suggests that a small bankroll is enough to trade binary options.

A unique feature that makes binary options more attractive than forex is the refund. All binary options brokers offer refunds in case you lost a trade. The refund can go up to 15% in some cases. On the other hand, the binary options profitability is extremely high, ranging from 60% to 85%. And that’s not all! You know the option’s profitability and refund right from the start so you will know exactly what to expect.

To trade a binary option you must follow these simple steps:

– Choose the asset or currency whose evolution you want to predict;

– Pick a deadline (one hour, one day, one week, etc.)

– Choose the direction in which you think the rate will go by the deadline compared to the current value(call is for up and pull is for down);

– Enter the amount of money you want to invest in the option and check out the profit;

– Validate your option with just one click.

As you can see for yourself, there are very easy to use and we can safely conclude that the binary options are currently the hottest trend in forex and will be around for a long time.

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