The first asset type is the currency pairs such as EUR/USD, USD/JPY, EUR/GBP, etc. The second one is the stocks like Apple and Google. The third asset type is the indices, including NASDAQ and Dow Jones among others. Lastly, the fourth asset type is the commodities and these include gold, silver, crude oil, etc.
You should also familiarize yourself with the expiry time. This simply refers to the period of time in which your prediction would take place. Expiration times vary per broker, but the most common would range from 5 minutes to as long as 24 hours. Some trades would even last for a week or a month.
Another important thing to remember when trading binary options is the difference of trades ending in-the-money and out-of-the-money.
There are some main brands to remember, when looking to earn money with Binary trading. most of them are highly recommended and all of them are interesting for new traders.
1. TraderushOnline – Once you get acquainted with the trading platform, start your binary options trading experience by choosing an asset. Then, select an expiry time with which your prediction will be based on. To learn more, open free account here
2. StockPair – When you are coming to choose a trade type (i.e. High/Low, One Touch) and set the amount of money you wish to invest in it. Stockpair is the best place to start. More information are listed on the www.pairbinaryoptions.com website, login here
3. AnyoptionTrading – Only here you will always remember that not all trades end up in-the-money. Be wise enough when trading binary options. Do your research to have an idea on the assets’ movements and the current market trends. Today, you can enjoy the 70% free profit on anyoptionstrading.com – click here.
A trade that ends in-the-money means that your prediction is correct. Otherwise, the trade would end out-of-the-money, meaning that your prediction has gone wrong. Obviously, only in-the-money trades would earn you money. after all the reason is fun and to make money with binary options.
Quick steps on how to start trading binary options
First, you need to create an account with a trusted broker online. Input your details and make an initial deposit following the broker’s minimum amount. Second, have the look and feel of the trading platform by using a practice or demo account. Take note that not all brokers offer free demo accounts. After using the demo account, you will be able to have real money account t deposit your cash inside in order to make money with binary options.