Binary Options for Beginners

How to Trade in 5 Simple Steps

Step 1: Select an Asset

An asset (or “instrument”, or “option”) indicates any currency pair, index, commodity or stock. From the trade page of the broker, choose from the list of assets by clicking on the ones you wish to trade. As long as the underlying assets are currently trading on a stock exchange they will also be available to trade via the broker’s site.

Step 1 Select an asset to trade.

 

Step 2: Choose the Expiration Time

The expiration time is the time at which the trade contract will end or “expire”, at which it will be known whether the trade won or lost. Choose your desired timepiece for the trade available in a list of expiries found in the dropdown menu. Options in short spans, turbo and classic, each possessing varied options of closure.

Step 2 Choose the expiry time for the trade.

Step 3: Choose Price Direction

Decide what direction the price will turn to at the estimated time out, be it higher or lower than the present price.

Step 3 Choose price direction.

 

Step 4: Enter the Investment Stakes

Some brokers will allow you to stake from $1.00 up per trade.

Step 4 Enter the investment stakes for the trade

 

Step 5: Click “Buy” to Complete the Trade

Your trade will now be confirmed until its expiry, thereafter it will be displayed in your completed trades list.

Step 5 Click Buy to complete the trade.

 

Try a FREE DEMO+CHAT and test out your own savvy foresight!

 

Demo IQ Option with Chat