Knowing More About Binary Options
You should know that trading using binary options can be both exciting and fun. Also, it’s a fact that in this option, you can receive some bonus pay from brokers for you to be able to maintain your trade. Still, there are some things that you need to be aware of when it comes to the binary option of trading. Having that in mind, this article will help you know more about the things that you have to consider when starting this kind of trade option.
Things to know about the money that you’ll receive as bonus
If you’re wondering about the bonus pay, then you should know that a broker can help you get that, but the choice is entirely up to you whether you want to receive one or not. For example, you’ve already made the choice to deposit some funds in the account that you’re using for the trading. A broker can give you another bonus pay so that you’ll have more capital for the trading. You might think that it’s so simple, but you should know that receiving the bonus just don’t happen like that. There are rules and conditions if a broker is to provide you with bonus pay. Such rules include showing the broker that you have already accomplished several trades before they actually let you use the bonus pay that you can receive. Of course, if you don’t need the bonus pay, you have the option to not receive it at all from the broker.
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It’s also a fact that binary options are fixed return options
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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. If you want to see what you’ll lose if your trade is not successful, then the binary options trading is also for you. 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. On the other hand, you’ll lose 1000 dollars if the trade wasn’t a success.
Strike Price And Expiry Time Exist For The Binary Options
Traders using the binary option can pick their own asset and be the one to choose the direction it will go. As for the directions, you can use the call option to make the asset go up and the put option to make it go down. This can only be done at a certain time duration and that time would be the strike price. The expiry time will be determined once the trade has been finished.