August 31, 2017

How do i trade Binary Options?

The normal and best way to trade binary options is through an online trading platform which will allow you access to Binary Options across global markets. Simply register with the platform you choose and then make an initial deposit (usually around £200). Choosing the right platform can be easy if you use any of the ones we recommend that should be fine. We spend a lot of time assessing the platforms and only allow platforms on our site that meet certain criteria. So you can be sure that the ones listed on our home page should be good to perform the tasks you want.

They will all have different variations such as some may offer a wider breadth of possible investments, they may have differing minimum trades and their charges may differ also. We recommend that you start with our list and go to each one individually and check out their requirements and pick the one that suits you and your investment levels and goals. 

There are a lot of platforms available so if you were to trawl through them all then it would be a monstrous job, hopefully the leg work we have done initially will make your job a whole lot easier. Some you will find, as with most things in life, will be less then reputable so tread carefully. We have some very well respected companies listed on our home page such as Empire Options and Etoro.

Check if the broker is regulated, check the level of regulation that the platform has to conform too and check the company itself to see, again, if they are registered.

If you were buying a house hold item you would probably check what reviews the item has, you will always get some bad ones but if the majority are good then you would normally be satisfied the product is good to buy. Trading platforms are no different, check the reviews and make sure that most people are happy with the service they receive.

Also, check what investments the trading platform gives you access to. The platforms with more choice may allow you more scope to invest and allow you to diversify your portfolio. The wider choice may also allow you to look at trading opportunities others may not.

 

Learning to trade

You can’t just go blindly in and expect to make consistent gains, you need to educate yourself. You can go online and learn some strategies that may work. You may also be able to learn how to carry out market analysis but these are the basics, you should take your time to learn as much as possible before you commit any large amounts of money to your investments and never risk more than you can afford to lose.

Many of the platforms we have recommended will have learning material included so take advantage of these resources too.

In my next post I will go into the education in more detail which will hopefully give you some background and also point you in the right direction to get some further help.

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