It all depends. Statistically 90% of traders lose their money. If you practice and develop good trading pattern and psychological habits yes, you probably can. But like with most things in life you have to be passionate about it and learn your way to succeed. We try to help you with this ….
Ok, but where to start?
Here are the first steps to success.
- You need to gain a good knowledge. We help you with that.
- Then practise your strategies of Binary Option on demo accounts. Many brokers offer free demo accounts but you have to make a small deposit or register.
- We do not encourage to use auto-trading systems.
- Remember to open real accounts with licensed Brokers only. It is strongly advised to avoid scam brokers. There are hundreds of binary options brokers on the Internet and this is why it is essential that you read our binary options broker reviews.
How to choose a good and honest broker of binary options?
- Make sure the chosen broker has a license valid in your country of residence.
- Choose what features are the most important for you. Next step is to compare brokers.
- Try to deposit a small amount. After few investments try to withdraw money using your preferred method. This is to make sure if there are no issues with identification which is required for money withdrawal.
Shortlisted Top Brokers
Some features you may find important are:
- high fixed payouts in case of successful trade
- speed of money withdrawal
- support in your language
- trading hours during weekends
- number of assets
- security of your funds
- minimum deposit
- minimum transaction amount
- mobile platform
- access to free demo
Binary Options – what it is?
When buying a binary option the potential return it offers is certain and known before the purchase is made. Binary options can be bought on virtually any financial product and can be bought in both directions of trade either by buying a “Call”/“Up” option or a “Put”/“Down” option. Binary options are offered against a fixed expiry time. In finance, a binary option is a type of option in which the payoff can take only two possible outcomes, either some fixed monetary amount of some asset or nothing at all.
Please remember that some products like (Binary and Digital Options) are prohibited in certain jurisdictions. General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
Check more Binary Option brokers reviews.
