How to trade Binary Options successfully?

Brush up on your understanding of binary options with how to trade binary options webinar. You can expect to get a lot of information that will provide you a more in-depth aspect of binary options trading.

Beginners

18:00 GMT-19:00 GMT
11.05.2017

Mike Roberts

33:18

Webinar Transcript

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
  • Flow of discussion in a binary options trade
  • What do you need to succeed in binary options
  • Adopt these trading tips to trade successful
  • Bottom Line

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:

  1. A fixed gain if option expires, which is called “in the money”
  2. A fixed loss loss if option expires “out of the money”

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:

  • Currencies
  • Commodities
  • Indices
  • Stocks

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

  1. Deciding on the underlying asset – Your first decision should always start with choosing the right asset to trade. Your selection of the asset will depend on the broker chosen. Most brokers after all the four types of assets. I highly recommend Binary Online.
  2. Deciding on the amount to Invest – may brokers allow a minimum investment, therefore providing flexibility on the amount invested.
  3. Deciding on the desired time frame – By definition, Binary options represent short term investments. However, the time frames can run from one minute to one week, to one year.
  4. Deciding on the type of trade – Deciding on your type of trade again reverts back to your chosen broker. Availability of types of trading tools rely on the broker.

What do you need to succeed in Binary options

  1. Simple chart reading for beginners
  2. Look for market data coverage in real time
  3. Choose your favorite trading tool
  4. Choose your account type properly
  5. Go through the Research Material provided by BinaryOnline

Adopt these tips to trade successfully

  1. Have a trading plan and stick to it
  2. Improve your knowledge by learning binary options
  3. Control your emotions, prepare yourself for both gains and losses. That’s why you need a plan, as this will definitely help you.
  4. Develop a money management strategy to protect your capital.
  5. Define your entry points as in; for trades with shorter expiries than one day, use 5 minute charts to establish entry points.

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?