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Binary Options what in the world are "binary options"?

Discussion in 'Binary Options Forum' started by mightymike, Jan 2, 2015.

  1. mightymike

    mightymike Member Founding Member

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    Jan 2, 2015
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    ok, this is another one i have no clue about, and this name sounds really fancy and intrigues me. what in the world are binary options? a binary is 1 and 0, i know that, but i haven't the slightest clue what a binary option is. can someone please fill me in? i can't be the only one who doesn't know! :oops:
     
  2. Spider

    Spider Active Member Founding Member

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    Mightymike, you sure aren't the only one! I have no idea either, but like youself, would like,to know more.
     
  3. mightymike

    mightymike Member Founding Member

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    ok, so i tried reading up on wikipedia's binary options article but it was pretty dense. so i dug around a little and found this:

    What are Binary Options?
    Just what are binary options? They are the latest and most profitable financial instrument to conquer the global markets in the past few years. Traders around the globe are using binary options to add liquidity to their portfolios safely and with minimal risk.
    What is binary option trading? Binary options combine the analytical aspects of day trading with the lucrative features of traditional options trading allowing traders to maximize profits while minimally investing their time and capital. Quite simply, a binary option is a financial tool that allows you to predict if the market price of an asset will rise or fall within a certain time period. The period of expiry can range from one minute to a number of days, depending on your choice.

    Binary options trading – Is it easy?
    One of the primary reasons for the proliferation of binary options is the ease with which anyone can trade them. Because of the essential choice between yes or no, the systems used to trade binary options are designed to make the trading process as simple as possible.

    When you trade binary options, there are three essential steps taken, that’s it! Simply decide on an asset, then decide on the direction of the market price, and finally enter the amount you wish to trade, that’s it!

    Can I profit with binary options?
    That depends – have you checked the news in the last week? Do you know about the latest economic news? Due to their simple nature, binary options are very reactive to news reports and market fluctuations. It is this tendency which makes them very profitable. Do you think Facebook will reach $50/share in the next 15 minutes? If your forecast is correct, you can earn up to 89% return on your investment.

    The profit potential of binary options is another main reason for the explosion in popularity of these unique financial instruments.

    The term ‘Binary Option’ – where does it come from?
    Binary options get their name based on the two possible results of your investment: either your prediction is correct or it is not. Other names are sometimes used around the industry such as Fixed Return Options (FRO) or Digital Options (DO); both terms are used interchangeably for binary options. These terms are generally used when the speaker wishes to point to the static or online nature of binary options respectively.

    How do I trade binary options?
    Now that we know what binary options are, the next natural question is: How can I trade binary options? Trading binary options is simple, quick, and profitable. Registering for an account with 24option.com is free and takes less than one minute!
    Since binary options are based upon a prediction of an asset’s market price it is a good idea to familiarize yourself with at least one asset so that you feel comfortable making a prediction on its future market price.

    Once you are familiar with an asset, all you need to do is choose that asset on the 24option.com platform and decide in which direction you think the market price will go: up or down. After you have made your prediction, enter the amount you want to trade. Once you enter the amount you wish to trade (but before you confirm the trade) the exact return on the binary option will be provided. This aspect of binary option trading is very attractive to all types of traders since you know in advance exactly how much you can earn from every trade. You no longer need to guess how much you will earn from your trades. You control exactly how much you invest and how much you can earn. Once you’ve decided how much you want to trade, simply click the ‘Buy’ button and you’ve invested in a binary option! Check the How to Trade Binary Options page for more useful tips and information.

    Why are traders flocking to binary options?
    Binary options have exploded in popularity because of the ease of trading binary options combined with the comfort that traders receive by knowing the exact results of a successful trade. That knowledge allows for precise money management of your trading portfolio.

    Traders love binary options because they are so profitable and easy to trade. Gone are the complicated systems of stock or commodity trading. Instead they have been replaced with the simplicity of binary options trading: just click and invest! From the comfort of your home or through your mobile phone, binary option trading is simple, quick and very lucrative.

    ..............

    i can definitely see why this belongs on a gambling site! you're basically betting on which direction the market will go in the next minute! talk about a gamble! maybe if you analyze the markets enough you can predict them better than you can predict on what color the roulette ball will land. and it looks like there is no "zero" in binary options. interesting...
     
  4. Spider

    Spider Active Member Founding Member

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    Thank you for taking the time to find and post the above. I too looked on Wikipedia but was not really any the wiser for doing that! The above makes it clear. Yep an even money bet,essentially. Interesting. Again I thank you for the above.
     
  5. Trader

    Trader New Member Founding Member

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    Jan 5, 2015
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    Occupation:
    Trader
    Location:
    Sweden
    Hello everyone! I am a binary options trader, trading live almost every day!
    Binary Options are simple to understand but still hard to trade.
    Beware of all the scams out there promising you no losses and lots of money
    in short time. Most autotraders and signal services are pure scam. You are best
    to educate yourselves before you get into this business if you want to stay on the winning side.
     
  6. mightymike

    mightymike Member Founding Member

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    howdy trader, thanks for your info about binary options and tips about the scams! why do you say that binary options are hard to trade? i've never traded binary options so i'm genuinely curious because it's something i'd like to learn more about and possibly get into.
     
  7. Trader

    Trader New Member Founding Member

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    Occupation:
    Trader
    Location:
    Sweden
    Hello mightymike! That's a good questions, I am glad you asked.
    Trading in general is hard because there are a few requirements rather than
    just choosing whether the option will expiry above or below:

    - Psychology -> To get a trader's mentality you need experience and that comes with time, otherwise your risk becoming just
    another losing gambler.
    - Money management -> Have to understand how much to risk and how to invest with care
    - Technical Analysis -> Have to learn how to interpret charts, Forex/Stocks or whatever it is your want to trade.
    Technical analysis takes time to learn.
    - Fundamental Analysis -> Interpret the news that may affect certain assets you want to trade.
    - Keeping a Journal -> Keeping a journal over your trades will improve your results and you will learn faster by analyzing your mistakes!
    - Developing a Strategy -> Developing a unique working strategy requires time and experience, comes hand in hand with technical and fundamental analysis.
    - Not falling for Scams -> Many people fall for scams because they want to take a shortcut to making money, there are none.
    - Brokers -> A trader must investigate and research a broker before depositing, too many bucket-shops in this business! Always choose a regulated broker!

    There is more to it obviously but I hope you understand now that trading isn't as easy as the advertisements try to make it seem like.
    I have to add that trading is indeed fun and the principles of Binary Options are still very very simple indeed! First you have to learn
    how to approach trading and see it as a business, that's when you can make money :).
     
    mightymike likes this.

  8. Thomas Grant

    Thomas Grant New Member

    Joined:
    Apr 17, 2015
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    Occupation:
    Online Educator.
    Location:
    Australia
    Thank you Trader and Mightymike for posting the questions and answers.
    I have started to trade Binary Options.
    Previously I looked at stock options.
    Learned a great deal about trading in general from the course I took.
    Then went into Forex. The biggest market in the world.
    To my surprise, the broker I was with (Oanda) also had options that you could place on Forex.
    Box Options they were called.
    You would draw a time box.
    And you could see if your trade stayed in or out of the box.
    Or if it hit the box or didn't hit the box.
    Just a few variations.
    At the moment. I recently joined a online outfit Options Domination for signals.
    They also have very good training videos.
    Found a few good Binary Brokers to go with.
    Rang them up first.
    Asked lots of questions.
    Put in $250 into one of them.
    Just to get the account open. And a demo account.
    Many online brokers wont give you a demo account unless you first deposit money into them.
    The signals from OD (Options Domination) have been ok.
    They say that the statistic will win out.
    However, you may need more than one broker to trade well.
    As if you are just going by the signals.
    Some of the assets that they give you are not always available on the broker that you have chosen to trade with.
    And this is true with many brokers, even Nadex.
    Nadex is not a broker, however some assets in Nadex are not always available to trade.
    Nadex does how ever have a better range of assets plus you can make a lot more in Nadex than you can with a regular broker.
    Nadex is a different animal. And I am trying to understand it.
    My live account has gone up and down.
    Win some trades, lose some trades.
    However, as time progresses. My trading with Binary options will improve.
     
  9. kenneth warren

    kenneth warren New Member

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    Jun 9, 2015
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    Occupation:
    Binary options trader
    Location:
    UK
    I make use of the money management strategy which involve me using a trade calculator software which gives me 98 signals everyday which lifts my trade to 78% and gives me a win of $350 everyday with the minimum amount of money invested in my broker account($250) and $2575 weekly. This are not mere words because I have proofs to it, am here to teach whoever is interested how i make it this big trading binary. Mail at If you are interested in knowing how I make it big

    image.jpg
     
  10. watson7tyler

    watson7tyler New Member

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    The rise of Binary Options, a new revolutionary way to trade on the stock markets, have been nothing less then breathtaking and its popularity is expected to only grow in the next few years as more people learn what it is and how easy they can profit from it
     
  11. Marie Claire

    Marie Claire New Member

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    Binary options are becoming more and more popular everyday because of their simplicity, and their ability to allow traders to earn high fixed rates of return with investments that have very short term periods.
    You can start trading using educational materials both on web or from brokers. Also some of them provide users with free demo account for practicing.
     
    Mark V likes this.
  12. Mark V

    Mark V Active Member Lineage to Founders

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    Feb 16, 2015
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    Occupation:
    Gambler, bikini contest judge, and lounge rat
    Location:
    Las Vegas
    The best part of Binary Options is the low broker fee.
     
  13. optionruler

    optionruler New Member

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    Location:
    UK
    Basically you are making a prediction as to if the price of a stock, commodity or an asset will go UP or Down during a certain period of time.

    If you are correct you will get a predetermined payout.
     

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