February 6th, 2013 by Nicole M
Forex binary options trading is probably easier for beginners when compared to trading stocks. FX binary options is also much better suited to gamblers and sports bettors. Trading currencies at the best binary options brokers in 2013 is very easy and the whole investment takes as little as 60 minutes. You can bet on the US Dollar gaining value on the Euro within the next 60 minutes the same way that you can bet on a basketball game. Instead of watching the game you will simply be watching the currency value fluctuate. Forxed binary options trading or betting is actually more profitable than sports betting. Sports betting sites charge a 10% fee on bets but binary options brokers like EZTrader or GlobalOption charge as little as 5%. FX binary options is 100% legal in the USA and the binary option brokers mentioned above work closely with government agencies like the SEC so your money could not be safer.
In 2013 many Forex traders are discovering the benefits of trading currency pairs using binary options services like EZTrader and GlobalOption. In fact anyone that is looking to make money trading Forex should seriously consider taking a look at binary options as a way to complement their usual currency trades. What then are the main reasons why forex binary options are finding favor with so many from the Forex world ?In my opinion one of the best reasons to trade binary options is for the simple reason that if you want to make a winning FX trade using a binary option you just need to predict the direction that the currency pair will move in. For example, if you believe that the USD will rise against the Euro (something that is likely given the current unfortunate events hitting the Euro zone) you can make money using a binary option trade by choosing a binary call option.
Get the direction correct and your trade will expiry in the money and you will receive a profit of up to 95% depending on which broker you decide to trade at. This is very different from ordinary Forex trading where it is not just the direction of any market movement that matters but also the magnitude of any movement. To make money trading using traditional FX trading you will not only need to predict the direction but the movement has to be of a certain size (ie quite a few pips up or down) in order for you to be able to profit from your trade.
Binary FX Options do not come with leverage and you will pay no spreads or commissions when making a binary FX trade.
Another important reason why you should consider binary forex options is due to the fact that returns of up to 95% can be made in as little as 15 minutes. As we saw in earlier articles on FX Binary Option.net binary options come with a offering of different expiry times. When trading any binary option you set the expiry time at the beginning of making a trade. Common expiry times offered by binary options brokers include hourly, end of day , end of week and end of month.
A binary option broker will generally allow you to trade a binary option until 15 minutes before expiry time in essence this means that you can achieve returns of up to 95% in as little as 15 minutes.
Binary Options trading comes with its own range of strategies that you can use to increase your chances of making in the money (a winning) trades. Common option trading strategies are the collar, protective put and money management trading all of which we will take a in-depth look at in later articles on this site.
Finally we should mention that FX Binary Options offer advantages not only to new FX traders (by nature of their simplicity) but as intermediate and advanced FX traders will quickly realize FX Binary options also make a excellent complement to traditional forex trades. As we will also illustrate in further articles Binary Options are great to hedge your Forex trades with enabling you to manage risk better and achieve greater returns profiting from any market movements.
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