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The Very Best Binary Brokers
All You Need To Know About Binary Options
Are you new to Binary Options? Does making money with options trading interest you, but you simply do not know where to start? Or have you been sitting on the fence trying to decide which broker to go with (after all, it is a sad fact that there are just too many scams out there). BinaryContrast.com has been created to educate aspiring traders about the ground realities of binary options trading. On this site, you can find reviews of some of the best, most renowned and dependable binary options traders out there. We have also included a lot of information on markets by countries because how binary options are traded tends to differ from one country to another. Finally, you can find information on how to circumvent online scams so that you can trade with complete confidence.
Free Binary Options Trading eBook
What Exactly is Binary Options Trading?
Binary Options Trading is perhaps the simplest trading product in the financial market. Sometimes referred to as all or nothing options, or fixed returns options, because the money that you can make from a binary option is fixed and non negotiable. The term binary is used because you, as a trader, need to decide whether the price of an asset is going to go up or down within a set time frame, since there are only two possible options, this sort of trading is labeled binary. The time within which a contract expires is anything from 30 seconds, 10 minutes or an hour, to end of day, end of week or even end of year. If the movement of the asset goes as you predicted, then you would have made yourself a nice little return on your money.
Since Binary Options are about as simple as trading in financial instruments gets, these are the fastest growing trading product that is currently being offered. This also makes them a mass market product of sorts as most people can easily trade in them without needing to invest thousands of dollars, in fact most brokers will only require you to open an account with 100 to 200 dollars. This sort of trading is also great for people who wish to make some money really quickly.
Binary Option trading is usually done for certain kinds of underlying assets, these include currencies, commodities, stocks and finally indices. The biggest difference between Binary Options and other forms of trading is that that unlike Forex or Stock Brokering, the payouts with binary trading are fixed. While loss or gain in traditional financial trading depends upon the value of the underlying asset, that in binary options is predetermined; this does mean that you can only make so much money with them, but also your losses will not exceed the contract terms. Typically, the payouts in Binary Options exceed 80% of the asset value and with some brokers it can even touch 95%.
So, Is Binary Options like Gambling?
Absolutely not! Too many people are of the opinion that trading in Binary Options is somewhat like gambling, after all, they are placing their money on a future trend which may or may not go according to their prediction. However in gambling, money is wagered almost entirely on an emotional level, in Binary Options on the other hand, money is only invested after a careful analysis of charts and market trends.
It’s often impossible to predict with a high degree of confidence what the outcome of the event will be when you gamble; this is why the house always wins in gambling! In Binary Options on the other hand, predictions can be made and trends can be anticipated with a judicious usage of charts and financial news; guess work is absolutely not recommended when trading.
So, we hope you enjoy your experiences with binary options. Please check back regularly as we will be keeping our recommended broker lists up to date at all times. And check out our Links page as well where you will find links to training, signal services, indicators and software – all to help you trade binary options more effectively and hopefully more profitably too!
If you have any feedback, comments or questions please feel free to contact us. Please also let us know your own experiences with any of our recommended brokers, or indeed any other broker too for that matter. Happy trading!