If you are a total beginner and want to try a Simple Strategy for Binary Options, we have just that! Keep on reading and we will guide you.
Simple Strategy for Binary Options
Whatever your situation, this article is for beginners and laypersons, or simply for someone curious who saw an ad and wants to Make Money.
Let’s start at the beginning.
What are Binary Options?
1 – Binary Options appeared in 2008 and became a regulated investment in 2012.
2 – The way they work is similar to betting. We choose an asset to bet on (as this is a financial instrument, the assets are financial: shares of companies, currency pairs, crypto coins, etc.). Just like in bets, we just have to bet on one side or the other. In Binary Options, we bet if the price will go up or down, just that!
3 – The bet is open for a certain period of time. It can be 1 minute, 5 minutes, 1 hour or 1 day, we can choose. When the bet ends, we will win if we bet in the right direction, or lose if we bet in the wrong direction. In essence, these are the basics of Binary Options.
Tips from our Professional Trader: 6 reasons to have 2 accounts
Do you know that you should work with more than 1 broker?
Check the 6 reasons why you should have account with at least 2 brokers:
- Each platform has its differences. If you try different platforms you may find those more suitable to your trading style.
- Each broker has his own payouts that keep changing during the day. If you want to open a trade and one offers 60% and the other 80%, you will choose the one with best payout, no?
- Sometimes the brokers close some assets, if you have just one account and you want to trade on that asset and it is closed, you will LOSE that trade, no?
- If there is an issue with your Broker’s platform, or they are updating it you’re not able to trade, unless you have another account with other broker.
- Deposits and withdraws. Brokers keep changing the deposit and withdraw methods, imagine you need cash fast and your withdraw system is closed at that moment on your broker, what do you do?
- Each platform has its owns indicators and trading tools, imagine you found a new stratey and it does not work on your broker because it uses an indicator that your broker does not offer.
Below you can find our main trader suggestions on brokers:
What are the Advantages of this Investment System?
1 – It is much simpler to understand and put into practice. You don’t need years of expensive studies and courses to understand how it works. However, if you want to earn a consistent income, I advise taking a course to improve your knowledge and results.
2 – You can try it out on a demo account. There is no need to invest anything to experiment. Simply open a demo account at a broker (the companies that offer the platforms where we can make these bets) and experiment for as long as you want, for free.
3 – The registration with the companies that offer this type of investment is totally free and simple. It takes 1 minute to register and the platforms work directly in your browser or with a smartphone app. You do not have to install large and complicated programs.
4 – The platforms where the bets are made are light, simple and intuitive. Any layman or beginner will understand how to use them quickly.
5 – The value of the investments and trades is low. We can start with a $10 deposit and place $1 bets. It is within anyone’s reach to be able to invest and start making money in this market. In many markets, we need hundreds or even thousands of dollars to get started. Here we can begin with any value.
6 – The deposit and withdrawal methods are varied. Making a deposit and withdrawing your profits are both quick and most brokers do not charge fees or commissions to deposit or withdraw.
How can I get started?
As mentioned above, registration is simple and fast and it is not necessary to invest anything to experiment.
1 – To start, you must open a free demo account with one of the brokers that work with Binary Options. There are a lot of them. Below are some examples. The brokers below are the largest in the world and probably the best.
You can register with Olymp Trade directly in the form below
IQ Option, has now another App for mobiles. It works in all devices, Android and iOS. It is called PWA. Click HERE to see it.
You can register with IQ Option directly in the form below
And now, what do I do? Now you use my Simple Strategy!
2 – Once you register you will be able to test how the process works with our simple strategy.
If you are a beginner or a complete layperson, it is normal not to know what to do next, so I have created a simple and very easy-to-apply strategy even if you have never traded.
The image below explains the simple strategy. Click the image to enlarge and see the explanation of the simple strategy.