Thu. Jul 7th, 2022

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How To Make Money Trading Binary Options?

2 min read

Binary options are super easy to understand. You just got to make a choice if a particular market is above or below a particular price by a particular time.

Lets discuss this with an instance:

Suppose gold will close above $1,700 by the top of the day. So you will place a Binary Options trade: the worth of a binary option are going to be between $0 and $100. And that’s the quantity that you simply got to placed on the table to put this bet.

Let’s say the worth of the binary choice to back Gold being above $1,700 by the top of the day, is $40. When placing the trade, the broker takes $40 out of your account. If by the top of the day Gold closes above $1,700, you get $100 back. So you set $40 in and you get $100, i.e. your profit is $60. If Gold closes below $1,700, then you get nothing back. And since the broker took $40 out of your account, and you get $0 back, your loss is $40.

Binary options are available for a wide variety of underlying markets they expire daily or even hourly.

Binary options can be traded with:

  • Major indices like the Dow Jones, S&P 500, Nasdaq and others
  • Major commodities like Crude Oil, Gold, Silver and others.
  • Major currencies like EUR/USD, USD/JPY, GBP/USD, and others.

So if you don’t want to wait until the end of the day, you can trade a binary option that expires in the next hour. All you would like to try to to is decide whether a particular market is closing above or below a particular price within subsequent hour. As you can see, the possibilities are nearly endless.

 

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