The Guide of Binary Options for Beginners

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Binary Options Guide

In Binary Options Guide, you can find information related to binary options industry, binary brokers and other trading features that can assist you in your trading process. We continuously work on expanding this section and adding more articles on relevant topics for binary options trading. But before we go as much detail, let us explain what binary options are.

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Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Main Reasons why Traders in Binary Options Fail

2020-01-24 – 2:26 pm

What are Binary Options?

Binary options are type of options with a fixed payout and fixed deadline for expiry time. The key in trading process is to determine will the price of an underlying asset be above or below a target price.

For you to be able to accurately predict will the price go up or down is a specific time frame, it is advised to have some trading knowledge. This element isn’t too hard or even impossible, it just requires patience from trader’s side and invested effort.

For example, we strongly advise you to read as much possible broker reviews and to follow market news so that you can react in real time if certain change occurs in the financial market.

Basically, trading binary options in South Africa isn’t complicated, otherwise it wouldn’t be so popular like it is for years now. With only two possible outcomes, we can say that binary options are popular thanks to its simplicity on the market. Great advantage for traders is that they know possible money gain, even before trade is made.

The Use of Binary Options Guide South Africa

With our Binary Guide section, we try to cover all significant aspects of binary options trading. Starting from advice on how to spot a potentially profitable binary broker and what are main differences between them, to the articles on binary strategies and auto trading in binary options South Africa.

Binary options auto trading is widespread among traders worldwide because it offers them a whole new window of binary options trading. With less effort and activity form trader’s side, auto trading has become very popular and with it, they can have a possibly profitable trading journey.

Binary signals are the main tool in auto trading and based on them, binary robots will make their moves in the financial market that may afterwards result in profit gain.

More about auto trading and trading signals, you can read in articles, available in our Binary Guide.

Usually, Binary Guide is the initial step which traders in South Africa check first.

There, they can find all useful information and tips regarding how to improve trading skills and become expert in trading binary options that can ultimately lead to profitability in the trading process. There are different types of traders, some who have just entered the binary world and others who are experts in this industry.

For all of them, Binary Guide is an excellent place where they can get advice about binary features and numerous binary options brokers, who offer them trading platform. With explanations of different trade options and strategies, we believe that it will satisfy all South African traders who want to participate on the market and trade with a variety of stocks, currencies, commodities and indices.

Beginners Guide to Making Your First Trade on IQ Option

If you are new to the IQ Option platform, your first step is to open an IQ Option practice account. I’ve created the Beginners guide to the IQ Option Trading Interface which can get you started faster with this broker.

This guide will help you understand how to trade on IQ option for beginners.

Two things you need to understand before you enter an options trade on IQ Option

On the IQ Option interface, you’ll need to understand two main things before you enter an options trade.

The first is time. Options will expire after a specific time frame. As the option buyer or seller, you will determine the time you’ll buy or sell the option. Upon expiry, a winning trade will earn you a return. If it loses, you will forfeit your investment.

So how do you determine the time the options trade will last? Look at the chart below. The purchase time (marked 1) shows a countdown to the trade entry point. If it reaches zero, it starts again. You can also adjust the time to trade entry using the time feature (marked 2). This allows you to enter the options trade sometime in the future.

Features you’ll use to enter an options trade in IQ Option

The second consideration to make is the price trend. The trend can be up, down or ranging. If you believe that the price will be higher by the time your trade expires, you should click on the “Higher button”. Conversely, if you think the price will fall by the time your trade expires, you should click the “Lower” button.

Other considerations to make are the return and the amount to invest. The return (profit marked 4) is simply the amount you’ll make when your trade wins. The amount (marked 3) is how much you’ll invest in the trade.

Making your first options trade on IQ Option

After choosing your trading instrument (here I’m trading EUR/USD) and determined the trend direction, enter your trade.
Using the image above, I determined that the price will go up within 1 minute.

I placed an investment of $1000. Given the 77% return, this trade will make $770 profit.

Let’s look at the different trading interface features to keep an eye on.

1. Expiration time

This is the time remaining until the option expires. Upon expiry, I’ll know whether my trade was successful or not.

2. Expected profit

This is the amount that I can make if the trade is successful.

3. Profit after sale

This feature allows you to exit the trade before expiry. It allows you to take profits if you feel that the trade might be a loser if you let it run until expiry. To take this profit, simply click on the sell button (4) beside it.

Note: If the expiration time timer counts down to 10 seconds, you cannot exit the trade by executing the “sell” order. At this point, you’ll have to wait until the trade expires. Take a look at the image below.

You cannot execute the sell order when expiration time reaches 15 seconds on IQ Option

How to keep track of your trading transactions on IQ Option

In order to know which trades were winners and which were losers, IQ Option provides a quick link on the left of your interface. This is the trading history feature.

Tips to trade successfully as a beginner on IQ Option

As a beginner trader on IQ Option, your primary objective should be learning how to identify trends, finding the right asset to trade and, managing your emotions and account balance. This requires time to develop. That’s why I always recommend you initially use the practice account to learn how to trade.

Now it’s your turn to start trading on IQ Option. Use the skills you’ve learned today to make your first trade. Kindly share your results in the comments section below.

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Beginners Guide to Binary Options

When you have an interest in trading Binary Options online or via a mobile device you will of course need a full understanding of how to do so.

With that in mind we have put together the following step by step guide that will enlighten you on how you can master the fine art of trading Binary Options and also find the perfect Broker based on your level of trading experience and the volume of trades you wish to place.

You will of course need to spend some time learning all of the different aspects required to pick out the best Broker to sign up to, and also researching the type of trades you wish to place and a whole plethora of different aspects that will make you into a much more informed trader.

However, if you do follow this guide from start to finish we know you will gain all of the knowledge you will need in regards to you being able to spot potentially profitable trades whilst also being able to know which are the best types of trades to place, where to place them and also how to make use of the many different trader bonuses which can lock in additional trading value.

Deposit: $10 Payout: 90%*

Broker Offer Review
Review!

* Amount to be credited to account for a successful trade

You will first need to understand all of the many different types of Binary Options trades that you are going to be able to place. This is even before you find a Broker at which to sign up to.

By knowing the different types of trades available you will then be able to locate a Broker that is going to offer you the range and types of trades you are going to be interested in placing. With that in mind do read through our guide on the types of Binary Options trades you can place as you may be surprised at just how many different trades will become available to you as a trader.
Choosing Which Trades to Place

One you have an understanding of the range and types of Binary Options trades which can be placed online or via a mobile trading platform you will then need to gain a full understanding of the types of trades which are going to appeal to you the most.

Whilst very experienced traders are always going to be prepared to place trades on anything that is likely to return a profit to them, as a first time and inexperienced trader you may be better off placing trades on companies or commodities that you have an interest in or are very familiar with.
Utilising Economic Calendars

Information is power, more so when you are a Binary Options trader and with that in mind you are always going to need to have access to the very latest financial news stories. However, at various times of the years all developed countries of the world will release financial data which will give an indication of how certain different market sectors are performing in their respective countries.

Please do familiarise yourself with the economic calendars that will enlighten you on a huge array of different financial data and information, as once you know how well different market sectors are performing in each country you can then use that knowledge to help you select the types of trades to place which are likely to help you make financial gains.
Choosing a Binary Options Broker

It is only once you have mastered all of the above qualities and aspects of placing Binary Options trades that you should then start to look around for a Binary Options trader to open an account at.

By putting together a checklist of wants and demands based on what types of trades you wish to place and the variety of trading options you are looking or will you then be able to match your wants and demands with a Binary Options Broker.
Opening Up a Trading Account

One aspect to opening up a Binary Options trading account that is often overlooked by many first time traders, is that there are in fact often several different account types available to you at many different Brokers.

With that in mind we would suggest you read through our guide to opening up a trading account for we will enlighten you on the many different types of trading accounts that are available to you and will point you in the right direction in regards to the type of account that will suit you best.
Methods of Funding a Trading Account

You will of course need to decide how you wish to transfer funds into your trading account whilst also having a method available to you for withdrawing your money out of a trading account when you have made one or more winning trades.

We therefore invite you to take a look through our guide to the many different ways of funding your trading account as there are likely to be several very cost effective and convenient methods available to you based on where it is you live and reside.
Making Use of Trader Bonuses and Promotions

As there is so much competition between Brokers for your custom you are always going to find some form of trader bonuses and promotional offers available at any Broker you do sign up to or are considers joining.

With that in find we have compiled a guide that will walk you through the many different types of trader bonuses and will help you gain an understanding on which ones offer you the best value.
Binary Options Trading Strategies

As you become a more experienced trader you will soon start to discover ways of trading that often tend to make you more regular gains and profits. Every experienced trader will have their own unique trading strategy and as such we would suggest you take a look through our guide which covers that very topic.

By putting into place some form of strategy and always following it when placing any type of Binary Options trades online you are going to have a structured way of trading and one that will be tailored to you personally.
Making Continued Profits

Our final educational guide to Binary Options is going to look at ways you can make continued profits as a Binary Options trader. Whilst it may take you some time to fully master the art of placing traders online or via a mobile trading platforms, once you have there are some high profits to be made 24 hours a day.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

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Best Binary Options Trading Guide For Beginners
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