Never you be intimidated! Its name may sound complicated, but binary options are arguably a simpler way to trade than traditional options or currencies. Just like traditional options, binary options have a premium, a strike price, and an expiration. The difference is that, with binary options, the “premium” amount for the option is chosen by the trader (usually determined by the market with traditional options) and the expiration timeframes are much shorter. With a binary option trade, the broker will pay out a percentage of the premium at risk if the conditions of the contract are met (e.g., the market price is at or beyond your target strike at expiration with a call option). Basically, you receive a predetermined fixed profit, regardless of how far the market moves beyond the strike price or met the conditions of the contract.
Binary Option is the most popular way of earning for those who want receive high income easily. Receive up to 86% from each trade with binary optoins. You will have the ability to try different strategies: trade currency pairs, futures, metals. With access to favourable trading conditions, you will get higher payout rates due to high liquidity. This will allow you to know exactly how much your may gain or loss before you place a trade.
Based on the rule of thumb above you could start with as little as 100$ (even less in theory), but due to the minimum option value of 5$ at Zord Trade (Auto Binary Investment Platform) I’d advice you to start with at least 250$-500$. The reason is quite simple, if you invest 100$ and lose your first trade your next trade should only be 0.99$ but that’s not possible, therefore starting with 250$-500$ allows you to have a few losing options in the beginning. We also want to mention, if you are not quite sure yet, you can also just sign up for a free demo account and try our Zord Invest trade's “Auto Binary Invest Strategy” there without actually risking your own money. I actually encourage you to do so, if you’ve no experience with trading at all. Once you are convinced the strategy is working and you are confident using it, you may go ahead and switch to a real money account.
This depends on a lot of different factors. For example depending on where you are and when you will be free to trade there might be different assets interesting, since the stock exchanges and therefore also the FOREX markets aren’t open 24/7. The second most important factor is the amount you are starting with. If you start with $1,000 and place one trade per day you may be able to end up with $172.76 in profit within one month (equals 20 trading days). Which is probably not enough to pay for your bills, but still equals an 17.28% increase (before taxes) on your investment. Nevertheless if you would start with an initial investment of $10,000 your monthly payout would already allow you to live a comfortable life in South-East-Asia. But as said, that is assuming you understand the basic principles and ensure you always trade according to your money management.
You guys make binary options enjoyable.
Thanks for your quick response to queries.