18:00 GMT-19:00 GMT
Ok everyone thank you again for joining me. This is a session about the basics of binary option trading. What we will discuss today is this presentation, and you guys are more than welcome to ask me questions here. Thank you for your remarks there Rob and Shakil. This is again a basic binary option session; it’s a live session as always.
For those who have experience this will also come in handy as we will speak about the insights of trading and for those who are used to a specific system, it’s always good to get a different perspective about trading.
We gonna start with a presentation, and i’m also gonna show you the charts and this will be a half an hour session and let’s begin.
How to trade Binary Options successfully
Warm Welcome to all our traders here on this live session. This is btw a weekly session that we do here at BON every thursday at 6 GMT. Next week we’ll discuss about other topics and in the coming weeks and months, we will discuss about technical trading a lot, technical analysis and major events that will take place on the financial markets. It’s not always the basics, but we’ll also speak about specific trading opportunities. Also in this session, I will give you an overview about what’s going on. It’s a half an hour session altogether.
On Our agenda tonight:
Defining Binary Options
In the end of the day it’s about predicting whether an asset will go up or down from its current value.
Predicting the direction in which the price of an underlying asset will move at a specific expiration time – This point is really important as you need to have quality trade.
All binary options assets cannot be purchased, but can be subject to prediction only.
There are only 2 possible outcomes:
If you go to the trading platform on BON, you will see that you need to decide “Call” or “Put”, which represents whether the assets value will go up or down.
The different Asset Categories that we have on the BON platform are:
So how to trade?
First of all, you need to choose your preferred asset and what I recommend, specially beginners, I suggest you decide 5 of your preferred assets to trade on. We will cover it in the live session.
Choose an expiry time – this represents the time you want the trade to end. This is time period may vary from a minute or less to a week.
Choose either Call or Put – If you deem that the price of the asset will end above the current time, then choose the “call’ option. On the contrary, if you think that the price of the asset will end below current price, then you should opt for a “Put” option.
After the trade is placed, wait for the outcome and gauge your profit or loss.
Right now, since Tammy asked us to trade Gold, we will go with gold. Now on my screen, you can see the chart about the price of gold. As you can see, Gold is on a decline, almost over a month of decline, and after the analysis, an let us take advantage of this since there is no fear in the market.
Here is the flow of decisions in a Binary Options Trade
What do you need to succeed in Binary options
Adopt these tips to trade successfully
Now it’s time to put what you’ve learnt into practice. Folks, don’t forget about our 2-step-programme, it is gaining popularity every single week. Get in touch with your expert trader to know how you are going to make the most of this offer.
Thank you very for joining me, you can join me again next thursday. It’s not gonna be a basic webinar but it’s gonna be an advanced one about specific event trading. Next thursday 6 o’clock GMT, same time as now, just next week.
I wish you a great weekend, have a great time, best of luck in your trading and see you again next week. Bye for now.
Feeling ready to trade the markets?