Knowing More About Binary Options
If you want to have fun and excitement in trading, the you should know that choosing binary options is the way to go. Also, it’s a fact that in this option, you can receive some bonus pay from brokers for you to be able to maintain your trade. However, if you are to choose the binary option for your trading, it would be best to make sure that you are aware of certain things first. Reading this article will let you know the things that you need to prepare before entering such trade option.
Knowing more about the bonus fund
If you’re wondering about the bonus pay, then you should know that a broker can help you get that, but the choice is entirely up to you whether you want to receive one or not. For example, you have already deposited money into your account for the trading. With that in mind, you can receive money from the broker that’s equal to the amount that you deposited to your account. Of course, bonus pay isn’t really that simple. Receiving the bonus pay from the broker means that you will need to adhere to some rules and regulations. It’s a fact that many brokers out there won’t allow you to have the bonus pay unless you already did a certain amount of trades. Just keep in mind that you have the choice to refuse the bonus pay.
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It’s also a fact that binary options are fixed return options
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What makes the binary options ideal for trading is that you will have the information about the amount that you’ll gain when you win a trade. If you want to see what you’ll lose if your trade is not successful, then the binary options trading is also for you. Many brokers usually have fixed return rates too and they amount to about 70 to 90 percent for all the successful trades. For instance, having a 1000 dollar trade with a 70 percent return means that you can get 1700 dollars if the trade was successful and the 700 is the profit. If you lose the trade, then you’ll be losing the 1000 dollars that you used.
Binary Options Have Expiry Time And Strike Price
Traders using the binary option can pick their own asset and be the one to choose the direction it will go. The call option is used to set the asset to the up direction and the put option means that the asset will go down. This can only be done at a certain time duration and that time would be the strike price. The expiry time will be determined once the trade has been finished.