How to Trade Binary Options
Becoming a binary options trader is easy on Option Range. Option Range uses a unique trading platform that simplifies the trading process, and enables amateur and professional traders alike to purchase a range of over the counter binary options. The steps outlined below cover the basic requirements of making a binary options trade:
1.Register your details with Option Range and create your own trading account
In the past traders needed to make complex arrangements with exchanges and brokerages in order to begin their trading careers. Option Range now makes it easy to trade binary options without the complexities of the past. In as little as five minutes, you could be investing and earning profits - from your own home!
The first step is to register your details on Option Range’s secure trading platform. You can start with a demo account to learn the basics before making an investment, or you can start trading and earning profits right away!
2. Choose Your Market and Underlying Asset
Once you have registered and you have your Option Range trading account, it is time to start trading!
You now need to select the market in which you will execute your trades. Will you trade stocks, indices, currency pairs or commodities? Option Range offers its traders options in each market and recommends traders select a market with which they are familiar. If you’re familiar with commodities, you can trade with oil or gold, whereas if you are familiar with the movements of markets, you can trade indices.
Once you select your market and underlying asset, it’s time to select the length of time your option will remain open.
3. Choose Your Time of Expiration
How long do you want your option to remain open? This decision will depend upon the market and underlying asset you have selected, and on the level of volatility in those markets. The time of expiration can be from 5 minutes to 1 month, but typically binary option contracts are no shorter than one hour.
4. Conduct Analysis
So, you have now selected the underlying asset you will trade with, and the time of the contract you will purchase. The next step is to finalise your analysis to determine what type of binary option contract you will purchase.
Technical analysis involves the monitoring and analysis of price movements over time in order to establish trends, and fundamental analysis relates to macro market events that could affect the movement in the price of markets (Note: Once you have registered you will receive an eBook tutorial that explains how to conduct basic technical and fundamental market analysis).
5. Purchase Your Option
You’ve conducted your analysis and you have decided how you think the markets will go in the next hour. You now need to choose which type of binary options you will buy. Option Range offers:
a. Digital Options (above trade / below trade) – You believe the price of your underlying asset will increase (you purchase a Call option), or you believe the price will decrease (you purchase a Put option);
b. Touch Options (one touch uptrade / one touch downtrade) – You believe your selected asset will touch the upper strike price at any time before the expiration of the trade (you purchase a one touch uptrade), or you think it will touch the lower strike price (you purchase a one-touch downtrade);
c. Range Options (in the range / out of the range) – You believe your asset will fall within the predetermined range (you purchase an in the range option), or you think your asset will finish outside of the range (you purchase an out of the range option).
If you correctly predict the price movements, all the available options have a fixed rate of return between 75 - 81%.
6. Select your investment
You now have everything ready to make a trade, but you still need to select your level of investment. The Option Range platform allows traders to trade amounts of between $10 - $750 on a single trade. However, the most successful trading strategies involve opening multiple trades which you can do up to a value of US$2,500 of open positions. You can deposit funds to your secure trading account easily via a number of methods following your registration.
7. Follow the market and collect your return
Next step, wait and watch as you see your predictions coming true. This can be done by accessing ‘My Trades’ in your secure online Option Range account. Once your options expire in the money, you will receive a 75%-81% return on investment. That means, if you invest $100, you could earn $75 - $81 in as little as one hour! If you invest $2,500, your profit could be as high as $2,025 in one hour!