Subtleties of binary options for novice traders

• The main question for a beginner: what are binary options?
• There are no freebies here
• Why are binaries so popular, what's all the fuss?
• Binary or Forex?
• How does it work in binary options?
• Trend up or down: bulls vs bears
• Live chart and trading tools
• Japanese candlesticks and binary trading
• Best time to trade binary options
• Intersection of time intervals
• Right time
• Nonfarm payrolls: important news of the month
• Best days of the week to trade
• What is the best expiration time?
• Expiration 60 seconds
• Expiration time: 10 to 15 minutes
• Expiration 30 minutes
• Which timeframes best show the trend - price movement?
• Binary options strategies for beginners
• Double red candle strategy
• “Pinocchio” strategy
• Strategy “3 peaks”
• Signal strategy
• Forecasts on TradingView
• Top 3 Indicators for Beginner Traders
• The best brokers for a beginner
• Video for beginners
• Best book for beginners
• No freebies, go for a walk, boy
• BO School, addition from 2020

Have you seen enough advertisements on Google or YouTube about binary options? Congratulations. Now I need to describe binary options to a novice trader in such a way as not to discourage them and at the same time disappoint them. I need:

• describe really cool prospects (you can make great money from this for years);
• don’t let the newcomer put on rainbow glasses (there’s no easy money here);
• set up for months of work.

Well, let's figure out which path a beginner should take. If, of course, he really wants to learn how to make money from this, and not hunch over his uncle or aunt.

History of origin

The official recognition of binary options occurred in 2008 in the most developed stock market in the world - in the USA. Gradually they became more and more widespread. Following the active adoption of online trading tools, binary options are widely used around the world.

Not all experts consider them to be a full-fledged exchange transaction. This is not surprising, since most binary options are more like bets than a serious investment tool. This position is explained by the high risk of such transactions. That is why, in mid-2022, Facebook and Google made a joint decision to ban binary options advertising on their resources.

Despite the position of global digital corporations, the popularity of the trading instrument continues to grow. Including due to the emergence of several varieties of such transactions and the relative ease of participating in them.

Give me more bonuses!!!

— Why did you choose this particular binary options broker?

- Well, why, he gave me the coolest welcome bonus!

If you believe that a trader who chooses a binary options broker solely based on the size of the welcome bonus is just the hero of the above-mentioned dialogue, then you are very mistaken. Approximately 70% of newbies pay attention to the welcome bonus as the most important criterion for choosing a broker.

Are they doing the right thing? Of course not. This is because 99.9% of welcome bonuses are simply lost, and the larger the bonus the broker provides, the more stringent the conditions it sets for its return.

More on topic: TOP highest paid freelance professions

Understand one important thing - almost no one ever withdraws their bonus to a real account, so just take it as an opportunity to trade the market and learn something new, but never make a huge welcome bonus of 200, 500 or even 1000 dollars some kind of cult. We discussed the criteria by which you need to choose a broker above, and the welcome bonus, as well as a huge number of other “goodies” that many fraudulent companies love so much, are not there.

Why are options needed and who uses them?

Binary options can be called a simplified version of regular options. The latter represent obligations to buy or sell a product after a certain time at a certain price. The main difference between binary ones is that there is no need to actually complete a purchase and sale transaction - we are only talking about fixing changes in the price of an asset and the consequences of such a decision.

As a result, it is possible to achieve several significant advantages at once, including:

1. Minimum entry threshold. To participate in the auction, a small amount is enough, on some sites – only $5-10. And serious volumes of transactions can be achieved with an investment of $300-500. Almost any alternative stock trading options require a much larger investment.
2. Efficiency . The duration of most binary options is from a minute to several minutes. This is fundamentally different from both classic options and trading, for example, on the traditional Forex market. Due to the intensity of transactions, a high turnover of funds is achieved and, as a result, the possibility of making serious profits. It is important to remember that failure leads to similar numbers, but negative ones.
3. Simplicity . Although there are several variations of binary options (discussed in more detail below), they are all much simpler than alternative trading instruments. Even compared to Forex, where currency pairs are traded taking into account swaps, spreads, stop losses and other complex and obscure aspects to the average investor, binary options require a minimum of technical knowledge. And it takes a little time to master them.

As an intermediate conclusion, it makes sense to again recall a very important point. Trading using binary options is simple, fast and convenient. But all this does not guarantee profit and is accompanied by serious risks. The probable income is high, as is the chance of losing existing funds.

At the end of this section, it is necessary to answer the question of who is interested in trading binary options. The first thing to note is investors who do not want to wait a long time for a return on their investment or who do not have serious investment resources. For them, the above advantages of a trading instrument become especially relevant.

The second category of interested participants are brokers. They are interested in increasing the volume of any transactions in the financial markets, as they receive a commission from the turnover.

Don't forget about the third category of binary options trading participants. We are talking about scammers, the number of which is very large both among brokerage companies and those involved in conducting operations on online platforms. The general ambivalence towards binary options was mentioned above. It should also be noted here that regulators of financial markets in different countries - the USA, Canada, France, etc. – react harshly to unfair actions of auction organizers. In a number of countries, for example, Belgium and Israel, binary options are simply prohibited

More details about reliable brokers

So, we have already mentioned two brokers that are rightfully considered one of the best, namely Binomo and Olymp Trade. I would also include two brokers among them - Finmax and 24options.com.

Let's take a quick look at some of the benefits you will get from working with these brokers.

1. Binomo.com

A very popular broker that runs a fairly aggressive advertising campaign. The presence of a license, a huge number of promotions and unique bonuses, very attractive trading conditions - all this makes Binomo the number one choice for many clients. Among the positive reviews there are also negative ones, but most of them are left by traders who themselves conducted quite aggressive trading and lost in the trash, and the broker, who actually had nothing to do with it, as always served as a “scapegoat”. Therefore, most negative reviews should not be taken seriously.

Registration and verification with Binomo happens quite quickly, money is also credited to the account promptly and withdrawn without problems. In addition, Binomo clients note the convenient terminal, as well as the ability to quickly resolve any issue that arises.

2. Olymp-trade.com

Like Binomo, Olymp Trade entered the market quite aggressively, and many skeptics thought - “the next sharashkin’s office will collect a lot of money from naive clients, and remember what their name was.” But nothing of the kind happened. Olymp Trade received a license, after which it confirmed its serious intentions with the highest quality of customer service and providing them with very favorable trading conditions.

A convenient trading terminal and wide functionality are one of the advantages of Olymp Trade. Bonuses and promotions are also pouring in like a cornucopia, and the technical support works with a bang. In a word - go and find fault with something else. Positive reviews about Olymp Trade most often mention the availability of training programs, a high degree of security and reliability, prompt technical support and hassle-free withdrawal of funds from the account. Of course, there is some negativity, and that’s normal. There are no ideal binary options brokers and there cannot be

3. IQoptions.com

A broker who has been working on the market for several years, and therefore has managed to accumulate a lot of positive reviews about his work. Among the advantages, it is worth noting a convenient personal account, a functional platform that makes it possible to trade without unnecessary interference. The company offers interesting bonuses, promotional offers, and, of course, it has an official license from the regulator, which in itself tells the user that you won’t be scammed here.

4. 24option.com

Thanks to its vast experience and wide capabilities, this broker is able to offer clients unique options and tools that no other company will provide them with. I would also like to note the high-quality analytical materials that clients receive from this broker, prompt deposits and withdrawals of funds, as well as the opportunity to work with a personal manager. If dishonest firms have personal managers who help clients “drain” their money, then at 24option they are really able to provide a service to the trader and be useful. True, you will have to make trading decisions yourself.

How binary options work

All binary options, regardless of the type of transaction, are based on a single principle. It consists of choosing one of two options for changing the value of an asset. Thanks to this, it is possible to achieve the utmost simplicity of the trading platform interface (almost all such transactions are made online). To buy a binary option you need to perform just a few simple steps:

1. Select an asset.
2. Set the expiration time (deadline for completing the transaction).
3. Specify the bet amount.
4. Choose the direction of price change - growth or fall.

Often the first three parameters are set automatically or saved from previous transactions. Which allows you to buy a binary option by pressing one of two buttons - CALL or PUT (in the Russian version - “up” or “down”).

In addition to choosing the direction of the price change, you need to be extremely careful about the definition of the asset itself in relation to which the transaction is being made. The choice from among the available options occurs in a special window, and it largely determines the amount of profit or loss.

At what point should the learning process begin?

The learning process can rightfully be called the most basic link, and this applies not only to the issue of trade, but to everything that happens in a person’s life. Even those who have managed to reach the highest peaks of professionalism in the field of trading are constantly working on themselves, improving, experimenting, creating, and also looking for the most perfect options for making a profit. Beginners should behave in exactly the same way, but, of course, if they really want to achieve a lot.

Did you manage to find the most profitable strategy? Don't stop and find a few more like them. Are you conducting a trading process exclusively on the long-term BO? This means it's time to start studying turbo options. You need to constantly develop. This rule is one of the most basic, which a novice trader must adhere to without fail from the moment he decides to work in this area.

Who uses binary options most often?

Partially the answer to this question is given above. It directly addresses the benefits of such a trading instrument, including accessibility, speed and ease of transactions. Therefore, you should not be surprised that the most frequent participants in binary options are beginners without stock trading experience or investors who do not have enough free time or financial resources.

But you should not reduce the binary options market only to a place for trading by low-skilled market participants. In real life, everything is much more complicated. For example, a significant part of the participants in transactions are investors who love and know how to take risks.

Including for the opportunity to earn a lot of money, since the high risk of the operation is compensated by no less significant profitability.

The main secrets of success

To make binary options trading a full-fledged profession and not a disappointment, do not forget about several nuances:

1. On the platform, the speculator always plays against the broker . Trades on the binary options market are not carried out on a real stock or currency exchange. When concluding a transaction, the user does not buy or sell anything. Roughly speaking, he simply places bets, and the broker provides a service for accessing quotes.
2. Binary options are built on the principle of a transaction with a negative outcome . When a trader loses a bet, the broker takes 100%. If successful, the speculator will receive back 70-85% of the profit, not 100. Therefore, it is important to keep a trading journal and monitor the balance of the account.
3. Turbo options are not a guarantee of profit . The opportunity to double your investment in 60 seconds is tempting for many beginners. But with such trading there is market noise, and the probability of a negative outcome is high. Experienced traders say that 60 second options are evil, so you need to be careful when working on small time frames.
4. Psychology is more important than strategy . Without endurance and discipline, even the most effective trading system will fail. The psychological task of a trader is to control your emotions, reduce the number of failures and survive a protracted series of losses. To do this, you need to analyze trading and work on mistakes.

Can binary options lose their relevance?

It is simply unrealistic to give an unambiguous answer to the question in the subtitle. On the one hand, the general mood towards binary options - both on the part of society and the authorities of most countries - most often has a negative connotation. On the other hand, the number of participants in transactions is constantly growing at a fairly rapid pace.

It is important to note the following point. The further fate of binary options largely depends on how successful it is to transfer trading into a completely legal channel. If regulators in different countries can effectively control this market and rid it of unscrupulous participants, there is a high probability of further growth. Otherwise, the introduction of even stricter restrictions will become much more realistic. Their result will most likely be a gradual or even collapse in trading volume using binary options.

How to improve your trading skills?

I will also say that there is no point in paying someone for training. To successfully use binary options as an income, learning for free will be a completely sufficient step. Anyone can independently master all the necessary information in 3-5 days.

But there is an important point. You need to study with no less diligence than when preparing for an exam. Everything that may be needed must be remembered properly.

Types of options

The emergence of several varieties played a significant role in the popularity of binary options. Despite the use of a common basic principle, some features are still present in each of them, and therefore deserve more careful consideration.

Classical

The simplest and most widespread. It is often called Call/Put or “Up/Down,” which clearly reflects the main feature. In fact, opening a trade requires clicking just one of the two buttons above. If a participant in the transaction guesses the dynamics of changes in the price of an asset, he not only returns the money, but also makes a profit. Otherwise, the invested funds will not be returned. A mandatory condition is to change the price by at least 1 point.

"Higher lower"

A variation of the classic binary option. It involves not only determining the trend in the value of an asset, but also setting the range of changes that occur. The risk of the transaction increases, as does the possible profitability. Participation in options using the “Higher/Lower” scheme is recommended only for experienced traders. Otherwise, counting on making a profit is quite problematic.

One Touch

A characteristic feature of this type of transaction is the possibility of fixing the result predicted by a market participant in the form of a price change at any time before the expiration date. To do this, you need to touch the screen with your mouse, where the name of the option comes from. The terms of the transaction are beneficial for the participants, but require constant monitoring of the market situation and monitoring the current value of the asset.

No Touch

Provides the exact opposite of the previous transaction rules. The participant’s goal is to indicate a value that will not be reached before the expiration date. In other words, he is required to make a so-called reverse forecast, that is, a forecast from the opposite.

Boundary and Range

Option rules provide for the establishment of a price corridor in which the value of the asset will be at the time of completion of the transaction. This type of option makes sense to use in a calm market, when no major price fluctuations are expected. The introduction of additional restrictions in the form of a two-sided range leads to an increase in the probable profitability. Therefore, this transaction format is popular among traders.

Teak or "Turbo"

It differs from the classic one only in that it is designed for a certain number of so-called ticks. The latter refers to any, even very minor, change in the price of a product. For example, a 3-tick option expires after three price adjustments. It doesn’t matter how long it takes – 2 seconds or a minute. Otherwise, the conditions remain unchanged - you need to guess the dynamics of price changes in relation to the initial level.

"Spread"

Reminds me of a High/Low option. An additional requirement for the transaction participant is to guess not only the direction of the change in value, but also the magnitude of the adjustment. Increasing the complexity of the task leads to an increase in risks and possible profitability.

Pairs

The principle of a paired option is no different from the classic “Up/Down” scheme. But what is being compared is not the prices of one product at different times, but the values ​​of two different assets. The trader's goal is to determine which of them will bring more profit at the end of the transaction. The trading instrument is deservedly considered more complex and unusual in relation to others.

Ladder

Another high risk option. The trader is offered a choice of several levels of the ladder with different returns, usually much higher than any alternative types of similar transactions. To make a profit, the price of the product must reach the specified level before the expiration date. Unlike the One Touch option, no additional actions are required from the trader to record this fact.

Other types

The list of varieties of binary options is gradually expanding. For example, Forex has been actively used lately. It mimics traditional Forex contracts that are entered into across currency pairs. The difference from ordinary options is the absence of expiration time, since the transaction is closed when the price value specified by traders is reached. The opposite dynamics of the asset's value means losses for the investor, the maximum value of which is set initially.

Two more popular types of options are Digital and CFD. In the first, you need to specify the target price level. If it is reached at the time of transaction completion, the trader makes a profit. The further the target value is from the initial value, the higher it is.

A CFD option involves predicting the direction of price changes. If the investor is correct, he makes a profit for each point of adjustment. Loss is determined in the same way. The transaction is closed at any time at the request of the participant.

Strategies for Beginners

A beginner in his trading needs to focus on some kind of system. Otherwise, his actions will be no different from playing in a casino. So, choosing a strategy is an extremely important task.

We do not recommend focusing on complex trading systems from the very beginning. Their use requires some experience. It is better to move from simple to complex. Therefore, initially it is best to use one of the simple strategies.

We trade with the trend

In our opinion, this trading system is the simplest. At the same time, it has fairly good reliability. The strategy under consideration is based on the fact that when quotes move, red and green candles rarely replace each other. Most often, there will be several candles of the same color in a row.

The meaning of this strategy is extremely simple. After the green candle has closed, the trader should click Call and play bullish. And vice versa. After the red candle closes, press Put.

This strategy is ideal for a trader who will definitely learn to sense a trend. In this case, you should be wary of flat segments. This is the name of the intervals during which the price practically does not change and moves sideways. If the stock exchange is flat, trading using this strategy is not recommended.

The 7-step binary options strategy, when used correctly, also shows excellent results.

Is there a catch to the simplicity of binary options?

The key advantage of the trading instrument under consideration is its simplicity. But it should not deceive a potential trader. The fact is that predicting the price dynamics of any asset, especially the ratio of two assets, is deservedly considered an extremely difficult task. Attempts to guess lead to unpleasant consequences in the form of serious financial losses.

Therefore, participation in trading should be approached no less seriously than regular stock trading. At a minimum, it is necessary to study the current state of the market, analyze recent changes, and assess possible prospects and risks. In other words, simplicity has no correlation with profit. It makes transactions much easier and faster, but does not ensure their success.

Trading volumes as an effective training method

This course would be incomplete if I left out the topic of trading volume. How can you find out how much money is currently involved in trading? That's right, using volumes. But why do we need to know this? Everything is very simple. There are always people who create the market; they are the biggest players.

Trading volumes will help you understand what a major player is doing at the moment and you can follow him. Any trading strategy will be filtered using volumes.

How to choose a good broker

Before you start trading binary options, you need to choose a broker. In relation to this financial instrument, we are talking about an online platform offering services for organizing and conducting such transactions.

What to pay attention to

The first and main task when choosing a broker is to weed out unscrupulous and unreliable market participants. The next goal is to find a site that offers the most favorable conditions. It is in this sequence, since investment security in this case is much more important than any other aspects.

Therefore, to choose a broker wisely, it is recommended to use four key criteria:

1. Experience in the market. If a company has opened recently, you should not use its services. It is much more correct to choose for further cooperation a long-standing and successfully operating company with a large client base.
2. Legality . Full-fledged brokerage companies are required to have a license from the regulator, in relation to Russia - the Central Bank of the country. Many online platforms operate without permits. This is a serious disadvantage, increasing the risk of running into scammers, but this fact also becomes a plus when it comes to the accessibility and convenience of trading.
3. Service level . It is a complex concept that covers both the functionality of the interface (from suitable language to ease of use) and the qualifications of personnel (customer service managers, technical support services, etc.)
4. Financial terms of cooperation. Another complex criterion, when considering a large number of parameters, is taken into account: the amount of commission for various operations;
5. entry threshold;
6. loyalty program and personal bonuses;
7. replenishment and withdrawal of funds;
8. list and variety of available trading instruments;
9. expiration time range, etc.

Best Binary Options Platforms

Participation in binary options trading requires registration on one of the many online platforms. Three of them - the most famous and popular - are listed below:

1. Binarium. Leader of most ratings among trading services. It is distinguished by the availability of transactions (from 60 rubles), multifunctionality of the interface, access to 12 analytical indicators and many other advantages. Important bonuses are the successful operation of the platform since 2012 and the possibility of free training using a demo account

2. Pocket Option. Despite the relatively short experience in the market - since 2022 - the trading platform quickly became popular. The reasons are obvious - a convenient and understandable interface, transparency of the terms of cooperation, and an extensive range of trading tools.

3. Alpari . One of the most famous trading platforms in Russia. This is not surprising, given more than 20 years of successful work in the market, a set of highly profitable trading tools and an impeccable business reputation class=”aligncenter” width=”1024″ height=”514″[/img]

Other trading platforms commonly used for purchasing binary options include:

1. Olymp Trade.
2. IQ Option.
3. Binomo.
4. Grand Capital.
5. ExpertOption.
6. InstaForex.

For successful training and subsequent trading, it is important to take into account two nuances:

• If you have chosen a strategy, but absolutely do not understand how it works and are hoping for luck, quit trading immediately. It's probably none of your business. Well, if you are ready to work and not rely on magical trading methods that will make you a millionaire in one week, continue to study the intricacies of trading, never stand still. I repeat again and again - nothing will bring you profit except your own work. You will never earn good money in the trading market by lying on the couch and using “magic” algorithms, they DO NOT WORK and are designed for gullible novice traders.
• Analysis of the economic situation is the key to successful trading. Without analysis, you will never be able to choose the right strategy, unless you become one of the million who are lucky. But it is useless to hope for a chance; analyze the situation yourself and listen to analysts.

The best indicators for a novice trader

Forecasting price changes is based on careful study and analysis of several market indicators. Especially often, five main indicators are used for this purpose, common to both binary options and regular stock trading. Among them:

1. Moving Average or moving averages . Different algorithms are used to calculate the average indicator. Allows you to determine trends that have developed at a certain point in time.
2. Bollinger Bands. In the Russian version, the indicator is called “Bollinger Bands” after its developer. It represents the range of probable price deviation with the established upper and lower boundaries of the corridor.
3. RSI or relative strength index. Sets the strength of the impulse that influences the amount of change in the asset price.
4. CCI . Estimates the increase or decrease in price over a given time period. Used to predict the level of market overheating and determine the likelihood of a trend change.
5. Determines the likely point of change in the price trend . Any such reversal signal means clarification of the forecast and an increase in its realism.

The trader does not need to independently calculate the listed and many other indicators. All of them are calculated automatically and made available to market participants by the functionality of online platforms. All that is required from an investor is the ability to use the information received, analyze and draw the right conclusions.

Demo trading? Why the hell did she give herself up to me?

Many novice traders who decide to make money on binary options are immediately eager to fight and want to try their hand at trading with real money. As for demo accounts, they ignore them because they don’t understand why they should spend a lot of time and effort on actions that will not bring real income.

Thus, they make a serious mistake, because trading on a demo account is the most important stage of learning, and the knowledge that you gain while working on a demo account can be used in real trading.

Another mistake that many beginners make is that they perceive a demo account as some kind of online game, breaking all the rules and completely ignoring money management. Yes, now you are not risking your money, but the actions you take become your habit, and when you move from a demo account to real trading, you will do the same. And then we will talk about the loss of real money, and not “candy wrappers”.

How to make money on binary options

Despite the ease of participating in transactions with binary options, not every trader manages to make money. To increase the likelihood of making a profit, it is recommended to consider the following important points:

1. Japanese candles. The so-called candlestick analysis is a universal method for predicting price dynamics based on an array of data presented in a graphical form resembling candles. It is quite complex for quick comprehension and requires careful study, for example, in a separate specialized article. It should be noted here that many online platforms provide the trader with all the information necessary for effective candlestick analysis.

2. Impact of news on trading. One of the key factors influencing the prices of a variety of assets is news. They can relate to various aspects - from the political situation in the world to the company's release of a new product. It is extremely important to be able to find and track news on the desired topic.
3. Working with timeframes. Another popular analysis method. Based on timeframes, which refers to the time interval used to convert the price of an asset into a visual display on the chart in the form of Japanese candles, bars or simple points. The information obtained is analyzed and used to make decisions about the conditions for purchasing a binary option.
4. Choosing a strategy. Specialized thematic Internet resources offer many different strategies for participating in binary options. They are based on different methods of analysis - candlestick, using indicators, graphic patterns, etc. It is important to understand that there is no single correct strategy. Any of them must be correctly applied and adapted to the specific conditions that the trader has.

Japanese candlesticks and binary trading

In order for your trading to go smoothly, you need to figure out what the chart is showing us. And he shows us Japanese candles.

This concept is not difficult at all. A candle is the price movement over a certain period of time. She has a body and shadows - a maximum and minimum price.

Candles come in different colors:

There are also candles that you need to pay special attention to:

• A) Doji: The opening and closing prices of the candle are the same. Be careful - the price does not yet know where it will go.
• B) Long-legged Doji: if it appears after small candles, the course will soon reverse.
• C) Zero Doji: The opening and closing prices are the same. We ignore such things altogether.

What is better options or Forex

It is impossible to unequivocally answer the question posed in the subtitle of the article. The fact is that both Forex and binary options have both a set of advantages and certain disadvantages. The main differences between the two popular types of trading are as follows:

1. Binary options are much simpler. This applies to both the technical side of trading and the lack of spreads, and as a result – additional broker commissions.
2. Another significant advantage is the availability of a large number of tradable assets. In Forex they are limited to currency pairs.
3. The binary option scheme does not provide for leverage, which significantly minimizes risks.
4. The final and very noticeable advantage is the availability of binary options, the main indicator of which is the low entry threshold.

Among the disadvantages of the trading instrument under consideration, including in comparison with Forex, the following should be highlighted:

1. The presence of a considerable number of unscrupulous market participants, including outright scammers.
2. Serious risks that remain high despite the lack of leverage.
3. The difficulty of correct forecasting and the high probability of losses when trying to guess during trading.

The main advantages of binary trading

Like any activity, options trading has advantages and disadvantages. The three main disadvantages are the need for investment, the risk of losing capital and the emotional burnout of the trader. But there are more advantages:

1. Relatively simple operating mechanisms . Even a beginner will figure out how to open trades and change the investment amount, and which buttons to press. There is no need to work with leverage, set stop loss and take profit as in Forex.
2. Availability . You can register on the broker’s platform for free, and to start trading, the minimum amount is enough: $5-10.
3. High profitability . From one option you can get 70-85% of net profit within a minute after the transaction is completed. Some brokers have returns up to 95%, and this is not a myth.
4. Opportunity to earn money quickly . The minimum expiration period for contracts is 60 seconds, and sometimes even half a minute. Moreover, for a positive outcome of the transaction, it is enough for the price to change in the desired direction by just one point.
5. Low entry threshold . To trade, you do not need to have a lot of capital or even install a special program. You can work from the broker's terminal.

The disadvantages of trading include tempting advertising that promises guaranteed earnings, and a large number of scammers. True, both exist in any area that is associated with big money.

Fraudsters can be more common than a newbie might think.

There are dozens of sites with supposedly useful, but paid information: methods, strategies, indicators and robots for automated trading. Sometimes they can help with your work, but most are scams and do not guarantee profit.

FAQ

What options are called binary options?

A binary option is a transaction where a trader needs to predict the dynamics of changes in the price of an asset over a certain time. If he manages to do this, he receives a fixed profit; if not, he loses the invested funds.

What types of binary options are used today?

Currently, about one and a half dozen varieties of trading instruments are used. The basic one is “Up-Down” and several of its complements, most of which are characterized by higher risks and returns.

What are the advantages of binary options?

The main ones are three: simplicity, accessibility, diversity.

What are the prospects for the binary options market?

It is quite difficult to predict the further development or decline of the market. To a large extent, this depends on how much regulators from around the world manage to control the participants in transactions and the online platforms that conduct them.

Live chart and trading tools

Well, since assets have a rate, you have to look it up somewhere, right? Most brokers show it only schematically. There are also brokers that have their own schedule, like IQ Option, but it is very inferior to its professional counterparts.

Therefore, we will open a normal chart in one window, and in the second we will press the broker’s buttons.

On the left is a live graph . On the right is the chart of the IQ Option .

What free, normal schedules can you recommend for work? One of them is presented on the website - a live chart via the link in the top menu. It's the same:

• TradingView;
• FreeStockCharts;
• Metatrader;
• ThinkOrSwim (for experienced ones);
• NinjaTrader (similar).