What You Need To Know About Binary Options
You should know that trading using binary options can be both exciting and fun. This is specially true when a broker provides you some bonus funds to keep your trade going. Still, there are some things that you need to be aware of when it comes to the binary option of trading. With the help of this article, you will have an easier time getting into this kind of trading.
Knowing more about the bonus fund
You should know that the broker can provide you the bonus pay, but that also means that you have the option of receiving the bonus or not. For example, you have already deposited money into your account for the trading. With that in mind, you can receive money from the broker that’s equal to the amount that you deposited to your account. You might think that it’s so simple, but you should know that receiving the bonus just don’t happen like that. Receiving the bonus pay from the broker means that you will need to adhere to some rules and regulations. It’s a fact that many brokers out there won’t allow you to have the bonus pay unless you already did a certain amount of trades. Just remember that it’s entirely up to you if you’re going to get the bonus pay at all.
The Essential Laws of Options Explained
It’s also a fact that binary options are fixed return options
What makes the binary options ideal for trading is that you will have the information about the amount that you’ll gain when you win a trade. In addition to that, you can also see what you’ll lose if your trade wasn’t successful. As for the brokers, they usually have 70 to 90 percent of fixed return rate for the successful trades. For example, if you get a 1000 dollar trade and had a success on it with a 90 percent return, you’ll get 1900 dollars, with the 900 dollars as profit. If you lose the trade, then you’ll be losing the 1000 dollars that you used.
Binary Options Are Known To Have Its Own Expiry Time And Strike Prices
If you are to choose an asset using the binary options, then you have the option to choose the asset placement. There are two options when it comes to choosing the direction for the asset being the “call” as the up direction and the “put” as the down direction. This can only be done at a certain time duration and that time would be the strike price. To add to that, the expiry time for the trade will appear once all the options are in place.