Binary trading has become the most discussed thing in the markets since past few years. It attracts both experienced traders thinking that profit margin on Forex and stock is too small and also to amateurs who want excitement in their lives. Indeed, there are many advantages of binaries over their illustrious counterparts and some of them are:
First, binaries enable the traders to maximize their knowledge and experience which they possess in respect of indices, stocks, commodities, or even currencies. This is a fact that traders cannot longer bind to a single asset and it a positive. The rewards and risks are known before and are set in stone so there is no way to rack up further losses.
Another thing that is difficult to find in the market is the high return. In the best scenario, mostly traders in the market are lucky if they get 10% of the investment in return, whereas binary options traders can make between 60 to 90% in a single trade. Some BO brokers offer special returns that are multiple of what you need to invest, but these are only a few and far. Making more than 5 times money in profit is usually the same that is invested.
Moreover, other markets normally guess how much you will make; and in the best scenario, all the expenses and fees, many people are much lucky to see overhead. On the other hand, BO traders know how much they will earn or lose in their single trade and they are aware in advance. This is because, with binary options, there is no relevance with actual price until the prediction is correct.
If you are not in money, may be you are in, technically. Some of the brokers offer a partial refund on binaries so to avoid a complete loss. Also, there are some brokers who do not offer a money back, but those who return, it is anything between 5 to 15% of the investment to their traders. There are some who are more flexible in this respect and under right conditions.
However, since many clients lack experience in terms if financial matters, BO brokers are forced to keep online trading platforms many users friendly and without compromising on functionality. Educational features and demo accounts are also included – not all, but most offer some training before the event.
While trading in any other financial market, one of the obstacles a trader has to face is the truth that the traders are not instantaneous; someone is needed on the other end to accept the offer and it takes some time before another party appears. Although, the broker is then asked to take the next step. With binary options, there is not much concern, deals are matched automatically and most of them expire within one hour.
In fact, some binaries expire in 30 seconds or even less, this cannot be matched by another market. Optionsxo twitter page update data daily. So you can make many trades within the same money to have a number of turnovers and in return making more money. Most of the trading accounts are free for Binary traders. If some have to pay the deposit, it will be just a formality. These minimum deposits are as low as $100 to 200.
Above all, the most appealing thing many beginners find is that they are not accountable for financial instruments because they do not own them.