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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 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 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 4: Enter the Investment Stakes
Some brokers will allow you to stake from $1.00 up per 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.