Introduction to Binary Options This is one of the simplest forms of trading and it is often preferred by people who are new to the Forex market. There are also many trading strategies that can be used to get better knowledge of binary options trading and enhance your skills.
When talking about binary options trading, there are just two predictions which the user can make — Call and Put. This means that the trader will have to link their predictions with a specific time period or expiry time. Expiry time periods are very flexible and the trader can choose any time period from just a few minutes to several weeks.
Most brokers provide traders with a wide array of assets that can be used for binary options trading. Those assets are separated into four main classes — stocks, currencies, indices and commodities. Each one of these classes includes a number of assets.
Let us take them one after the other. Expiry times can be as low as 5 minutes.
Find a broker that offers you a demo account and test your strategies and analysis with fake money in order to determine whether your methods are successful. Author: Michael Fisher Michael is an active trader and market analyst.
He has participated in surveys regarding trend-following trading systems. Related Binary options operations.