Best Binary Options Trading Guide For Beginners 2022

Best Binary Options trading tutorial – Guide 2022.
Binary Options are a financial instrument to trade on long or short markets in a certain period of time. The Trader only got 2 options: Win a high amount of money (75% – 95%) or lose the investment amount for this trade. It is like betting on rising or falling markets. Binary Options are very flexible. It is possible to trade any financial market and use different time horizons (starting from 30 seconds).
: Make a forecast for rising markets : Make a forecast for falling markets.
In this article, I will show you exactly what are Binary Options and how do they work. Knowledge is the key to success. Read about the risk and the opportunities to make money in the following text.
Where to trade Binary Options in 2022?
In the next steps, I will show you how Binary Options (Wikipedia article) work. You will understand it in a few moments. But first of all, where to trade Binary Options?
You will need a Binary Options Broker (see the table below). I searched after the safest companies which give the highest return for traders. There are different companies around the world that provide this financial service. You can open a free demo account. This is an account with virtual money so you can learn how to trade without risk.
First steps:
You need a company (broker) that provides the financial service (Binary Options) Open a free demo account with virtual money (Virtual trading without risk)
Accepts international clients Min. deposit $10 $10,000 demo Professional platform High profit up to 95% Fast withdrawals.
(Risk warning: Trading is risky)
$10 minimum deposit Free demo account High return up to 94% The platform is easy to use 24/7 support.
(Risk warning: Trading involves risk)
Professional platform Free demo account $10 minimum deposit Webinars and education High payouts.
(Risk warning: Trading involves risk)
Accepts international clients Min. deposit $10 $10,000 demo Professional platform High profit up to 95% Fast withdrawals.
(Risk warning: Trading is risky)
$10 minimum deposit Free demo account High return up to 94% The platform is easy to use 24/7 support.
(Risk warning: Trading involves risk)
Professional platform Free demo account $10 minimum deposit Webinars and education High payouts.
(Risk warning: Trading involves risk)
Is Binary Options Trading safe or not?
Safety is the most important point in online investing. You should choose a good and reliable broker which is safe. I recommend using a regulated company for your investments. Have a look at my full Binary Options Broker Review to find the best one. There are regulated and unregulated companies for trading. It always depends on the broker to trade safely Binary Options.
I did a lot of research and clearly, I can say that a regulated broker does not cheat on its clients. Normally unregulated brokers do not cheat too. But it is not 100% safe because sometimes these are small and unknown companies.
It is safer to trade with a regulated broker than with an unregulated one!
In conclusion, you should use a regulated broker to trade Binary Options safely. It always depends on the Broker if it is safe or not. Do the research by yourself and read my review about the broker on this website.
Safe and well-known regulators are:
What you really need to know about online platforms:
There is a huge diversity of Binary Options Platforms and you have to check out what is your personal favorite. Nowadays developed software is very flexible and available for any device. It is possible to trade with the computer (browser and desktop), smartphone, and tablet. That means you can trade from everywhere around the world if you got access to the internet.
Especially for a beginner sometimes it is hard to learn to trade with a new platform. There are a bunch of options that can confuse you. Most brokers will give you educational material like video tutorials or step-to-step guides. Also, you can ask the support for help by phone, chat, or email.
Flexibility and charting are provided by the platform. You can do a personal chart analysis with indicators, technical tools, and different chart types. Sometimes you will get access to economic news directly in the platform. Indicators are known for giving you feedback on the market price at the moment. They are customizable like you want. So it is possible to analyze different timeframes.
Mobile Trading:
Today Mobile Trading is one of the most important factors for trade successfully. It is a great opportunity to boost your profit. In the past traders could not trade online or via mobile phone. So the options were much lower for making a profit. Apps are available for Android and iOS users or any other device. Check out your trading account 24 hours per day via your mobile phone.
Computer Trading:
In my opinion, it is better to use the web-based platform with your computer for analysis. Often there are a lot more functions than in the app. Furthermore, you can see the chart more detailed and a higher range of it. Professional analysis can be made by using a computer.
(Risk warning: You capital can be at risk)
How to trade Binary Options: Step by step guide.
As a trader, you can choose between a lot of different assets on a Binary Options Platform. You can trade Forex, Stocks, Commodities like gold or oil, Cryptocurrencies, stock indices, and more. This trading tutorial will show you how it exactly works to trade the financial product. The process is always the same as you see in the video and picture below. Just practice it in a Free Demo Account.
Learn how to trade successfully.
Now you have to imagine and predict the asset price direction for the future (forecast):
You can use the specially programmed trading platform of a Binary Options broker to analyze the charts and get trading ideas. It is very important to have a good working strategy for maximum profit. Beginners should use technical analysis for trading the chart. On the broker platform, you can learn more about it in different education videos/centers.
Therefore every Binary Option expires after a specified time. You can use the time horizon between 30 seconds or 5 months or more. Sometimes it depends on the broker. As you see you can trade short-term or long-term Binary Options.
After you have decided on the direction and the expiry time for your trade you can "sign" the contract with your broker. Just click the call or the put button. On some platforms, you have to confirm the trade.
Call (Higher): The price will go up in your expiration time Put (Lower): The price will go down in your expiration time.
If you are right in your decision, the broker will pay you a high asset profit of 75-95%. The trade automatically closes after the expiry time. Sometimes the broker allows you to close the trade before the expiry time ends. That is a way to reduce the impact of a wrong decision.
Example: EUR/USD 95% return binary option.
That means if you invest the amount of 100$, you can earn the amount of 195$ on a certain time horizon. 100$ is the return of your investment and 95$ is the profit.
Search for an asset with a high profit. If you trade the assets with the highest yields in conclusion from my experience the result will be much better in the end. Some Binary Brokers offer you different account types with different asset profits. Analyze the chart on the platform. You can choose different time frames, indicators, or financial news for your strategy. Every Binary Broker offers you some educations, too. Learn in webinars, videos, or coaching the best strategies of the world. Now you should select the expiration time of your Binary Option. There a lot of possibilities for your trade. Some traders like it to trade short-term options and some other traders like it to trade long-term options. Choose an amount you want to invest in your trade. Most time it starts at 1$. At the latest trade the Binary Option with a call or put. There are only 2 options in the market, that’s why it is called "binary". In the end, you earn a high yield or you lose your selected amount.
What are the conditions Binary Options Trading?
You can trade any asset with Binary Options. It can be stocks, commodities, forex, or cryptocurrencies! Most brokers give the option to trade more than 100 different assets. The expiration time depends on your broker. Some companies provide Binary Options with a time horizon of 30 seconds or less. These days you get a lot of different options from every broker.
Conditions:
Trade stocks, forex, commodities, cryptocurrencies, and more markets Choose between a diversity of time horizons (short-term – long-term)
Yield – The return of investment can be high as 95%+
As the time horizons, the yield (return of investment and profit) depends on the broker. Often there is a possibility to get a high payout of more than 90% of your investment but there is no rule for the value of the yields. Sometimes short-term trades got the highest payout and sometimes long-term trades got the highest payout. In comparison to my experience, the yield is between 70% and 95% for standard accounts.
Another way to boost the yield is to get a VIP account type. Most of the brokers offer different account types, which are linked to the deposit amount. For example, you will get a VIP account if you deposit more than 3000$ on IQ Option. Not every broker got the offer of account types but you should search for it if you plan to invest a high amount of money.
Are Binary Options risky or not?
Binary Options are risky to trade, but there are advantages why the risk is less than trading other financial products. Especially new traders fear the loss of a high amount of money. With binary trading, you can only lose your bet amount. Traders clearly see what they can lose in a trade. Compared to other trading instruments this is a big advantage because the risk is limited always.
Another advantage is that you get a high asset payoff no matter how much the market moves. The asset price just has to be above or under the entry point. Traders like this financial product because it is so easy to understand and to calculate the risk and the trade profit.
Only invest the money which you can afford to lose in the worst case!
Should you use a Binary Options demo account – Yes or no?
It is very important for beginners and new traders to practice Binary Options Trading. Most brokers give you a free demo account. It is an account with free virtual money. You can always recharge the account with one click. It is risk-free trading. You will always see my recommendation on www.binaryoptions.com to use the practice account.
Every trader should learn more about the trading platform before he is going to invest real money. Also, you can learn new strategies or try out different methods on the market. First, develop your own strategy with virtual money.
Quotex - Trade with high profits.
Quotex - Trade with high profits.
Accepts international clients Min. deposit $10 $10,000 demo Professional platform High profit up to 95% Fast withdrawals.
Opening your first real account.
For trading with real money, you have to fulfill different criteria. On most brokers, you can trade and deposit without verification of your account. In my opinion, every trader should verify his account before deposit money. This can prevent annoying errors and waiting times. For a full verification, you need to complete the account setup.
Sign in with your real personal data. That includes your full name, birthday, real address, email, and phone number. After that, sometimes you have to upload the required documents for the broker. The company checks if you are a real person. Upload a picture/copy of your Passport. Sometimes they require a utility bill too. In most cases, the verification only takes 24 hours or less. With some companies, you do not need this verification process.
How much money do I need for Binary Options trading?
You can start trading with a very low amount of money. Especially on Quotex or IQ Option, you can open a live account with a 10$ deposit. The minimum trade amount is 1$. The upper limit is open for your trades. Have a look at my reviews to find a broker which fulfills your requirements.
From my experiences as a trader, it is possible to make a huge amount of money with the right strategy. Binary Options are the tool for trading with a small or big amount of money.
Facts about the deposit:
Start with only 10$ in your account Trade with 1$ per trade You can easily trade with high amounts too The minimum deposit depends on the Binary Options Broker.
Easy deposit and withdrawal methods.
As mentioned before the deposit is easy as the withdrawal of profits. On most brokers, there are not any fees for deposit and withdrawal money. For payments, you can use more than 20 different methods. It is possible to capitalize on the trading account in a few seconds. In most cases the payout takes a time of 24 hours depends on your broker.
Payment methods are depending on the broker:
Bankwire Credit Cards (Master/VISA) Cryptocurrencies E-Wallets: Skrill, Neteller, FasaPay, ePayments, Yandex, and more.
Get a free Bonus for your deposit.
Most brokers offer a free bonus for your deposit or risk-free trades. The bonus amount depends on the deposit amount. It can be a 20%,30%,50% or 100% bonus. In other words, they give you a higher bonus for a higher deposit. Furthermore, some brokers allow trading risk-free trades. If you lose a trade, the broker pays back the lost money in the form of a bonus.
The bonus is not completely free. Sometimes traders have to trade a high turnover of the bonus. For example, make a turnover of 30x of the bonus to get the bonus withdrawn. If you are not satisfied with the conditions in most cases you can deactivate the bonus. A bonus is a good opportunity to grow a bigger account and trade with more money.
Can you really make money with trading Binary Options?
The key to your success is to get a good education and find a professional strategy. In addition, you have to control the risk with sensible money management. In this article, I showed you an insight into profitable trading with Binary Options.
It is easy to make money with Binary Options but you have to be prepared. The markets are not easy to trade for beginners and it takes time to trade profitably. You will not see success directly. From my experience educated traders do not blow up the account. They earn money constantly. Read through my other pages to get deeper knowledge.
Education: This is the most important point for beginners. You should be prepared for the markets and know how the financial product works. There are different tutorials on the broker webpage or on my website to learn the functions. In addition, it should be easy for you to use the trading platform of your broker. Just practice in the demo account until you feel comfortable. Moreover, most brokers offer deeper knowledge. There are webinars, coaching, and tutorials. Education and knowledge is the key to making money with Binary Options. Strategy: Develop or learn a professional strategy for trading that also includes fundamental analysis. You have to know what you are doing in the market. It is like a system for you that always have to repeat. Without a proper strategy, you will blow up your account. There are different ways to learn a strategy. Use the knowledge of a broker or my website. I also recommend reading some books about Binary Options. Here are some strategies which I promote on this website:
In conclusion, you can really make money with trading Binary Options but you have to learn and invest your time in the right knowledge. The demo account is the best way to practice before you start investing real money.
Are Binary Options legit or not? – My scam review.
In my opinion, Binary Options are not a scam for your money. The financial product gives you the possibility to invest in short or long-term opportunities in the market. Binary Options are so popular because they are so easy to understand and you can make a lot of money in a short time.
My best advice to you:
It is very important to choose a good broker. Some small brokers are scamming users, that’s why a lot of people think Binary Options are a scam. Definitely, it is not a scam if you trade with a safe company.
Basic trading checklist for beginners:
Choose an asset you want Forecast the price movement Choose a variable expiry time of the trade Bet an amount starting 1$ Trade a call (long) or a put (short) option Get profit Payout the profit.
On this site, I have shown you how the financial product is working. I think you can easily understand it now and start trading with more security. On my other sites, you can learn more about Binary Options. Happy trading.
How to avoid scams as beginner.
The problem with Binary Options is that they are not a scam, but some brokers or financial educators are scammers. Every time before you start investing real money you should do a sort of research. You should pay attention to real reviews or advice from professional traders.
(Risk warning: You capital can be at risk)
Read through my other articles:
With the experience of more than 5 years of trading, I provide you the best articles, tips & tricks and review on this website. I try to give you transparent information about the financial product Binary Options. Beginners should read through all articles to get higher knowledge. In my opinion, knowledge is king. Learn about successful trading before you start investing real money.
Find the best Binary Options Broker.
Nowadays it is hard to find a reliable broker. In the past, I tested a lot of different company. In this review, I will show you the best companies for trading Binary Options. You should use a tested and recommend broker because there are some scams outside. In order not to be cheated to read this test.
The best strategy for trading.
In this article, I will show you my best strategy. It is free to use and very simple to learn. Every trader needs a strategy for the markets. Without a reliable strategy, you will blow up your account fast! With this method, you can earn a lot of money if you do it correctly. In addition, you have to practice it.
Create your demo account.
The demo account is very important for beginners and advanced traders. It is an account with virtual money. You can trade without risk and practice. Learn and develop new strategies or try new assets. Read all about the demo account and what you need for your success.
Tips & Trick.
How to avoid the most common mistakes in trading? – In this article, I will show you my best tips and tricks for trading successfully. First, learn about the financial product before you invest money without knowledge.
See here for our other trading guides:
How to trade Binary Options in these countries:
Questions about Binary Options trading:
Trading guides for beginners and professionals:
Can you really make money with Binary Options?
Yes, it is really possible to make money with Binary Options. But be aware that more than 80% of traders are losing. You need a working trading strategy and sensitive money management. For some traders, it takes time up to 4 years to make constant profits on the market with Binary Options. It is very difficult but you should give it a try. I help you with my website.
How can I learn Binary Options?
First, you should try to use a demo account with virtual money. It is important to understand how Binary Options are working. You can try it without any risk and do some trades for example. After that, you should learn more about the behavior of the market and learn technical analysis. You will need a trading strategy and knowledge about the market. Build up your trading experience in the demo account. If you feel comfortable you can change it to real money.
How do you master Binary Options?
It is simple as that: You need to learn how the market is moving and make the right forecast for Binary Options trading. Master the Technical Analysis for trading the charts and it will be easy for you to win. There are a lot of books, videos, and content out there. Read through it and try different strategies with the demo account. Develop your own trading style before you go live. It is a constant learning process.
Is Binary a good investment?
Binary Options is a very good investment if you can master scalping techniques and technical analysis on the market. After developing a professional trading strategy it can be easy for you to make money. But be aware that it is a high-risk investment.