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How To Trade Binary Options

Broker of the Month: 24Option »

Learn the basics before you start trading

Trading a binary options online has been made very basic by online brokers and usually consists of four simple steps. But before we get to them there are a few things that you should know before starting to trade online.

Know the risks

Like any form of trading whether it be online or not there are certain risks that are involved. When it comes to binary options these risks are fully disclosed before you click the ‘Trade’ button. This means you will always know how much you stand to win or lose, just make sure you are prepared to lose what you trade.

Keep up to date with Financial Trading News

No matter which trading assets are your specific favourites, you should always try and keep a regular eye on the financial markets and trading news. Prices can rise and fall dramatically and are often tied to economic factors around the world which can have an effect on your betting outcome.

Find a Strategy that works

Binary options trading strategies can help you minimise losses and maximise profits.

Steps to Trading Binary Options

Finally here are the four simple steps to trading binary options online:

  1. Select which asset you want to start trading with, whether it’s a commodity, currency pair, stock or index.
  2. Choose the direction in which you predict that the asset will go in. Will it rise (call) or will it fall (put)?
  3. Choose how much you want to invest along with an expiry time.
  4. Sit back and wait for your option to expire.

Simple stuff hey? Different binary options brokers will have different interfaces and trading platforms but will all follow the same basic steps so you should know how to trade no matter where you decide to trade.

Best Binary Options Brokers

Ready to start to trade binary options online? Take a look at our reputable & trustworthy broker sites reviews before you sign up.

Binary Options Brokers »

Binary Options Strategies

Learn how to lower you trading risks with the right binary options strategy. We cover the basics and advanced trading strategies.

Trading Strategies »

Free Financial Tools

Know when to bet with the latest market hours, global economic calendar and free e-wallets for fast and secure deposits.

All financial tools »