How to trade binary options?
Binary options trading is the simplest form of options trading.
Here you will select the asset you want to trade in from the dropdown box such as stocks, currency pairs, indices and commodities. You will then be required to select the expiry of the trade. That is, how long will the trade be open for?
You simply select an expiry time from the dropdown box and these times are predefined by the broker. Now it is time to enter your invest amount and the minimum trade amount is $25 per trade. Based on your prediction of the direction that the price of the asset will move by the expiry of the trade, you will now select either Call or Put. That is, if you think that the price of the asset you have selected will move Up by the expiry of the trade, you will click on the ‘Call’ button but if you think that the price of the asset will move Down by the expiry of the trade, you will click on the ‘Put’ button.
Once you have selected either Call or Put, the trade will be executed automatically within 3 seconds so if you want to cancel the trade, you can do so by clicking on ‘Cancel’ within the 3 seconds. Simple!