10 Step Guide to Binary Options Trading

Binary Options TradingBinary Options trading is basically one of the financial trading instruments covering a range of Assets, Commodities, Shares, Stocks or Forex Pairs.

One of the reasons why Binary Options trading has recently become more and more popular is that similar to Forex trading, Binary trading hours are not only limited to the working hours.

If you wish to trade on the value of gold, you need not purchase actual gold but will only need to predict if the value of gold is going to increase or decrease in a given time frame.

One of the greatest benefits of binary options trading is that there are several expiry times available for you to choose from, and can range from as little as 60 seconds to 1 month.

However, Binary Options trading has only recently become popular and many people are still new to the term, which is why this article provides a 10 step guide (infographic) that is going to teach you everything about Binary Options trading. You can choose any of our featured brokers to get started.

How to Trade Binary Options Guide by BinaryManual.com

We believe that once you read through this guide, you will be able to place individual trades of your own and start your career in an efficient way either on a demo account or directly on a real money account.

Steps

1.1

Put and Call - Binary OptionsWhat Trades Should You Place – This is the first thing you are going to have to decide when you start binary options trading. You need to choose an asset, stock exchange or commodity you will be placing your trade on.

Once you decide, the next decision will be to predict whether the value of the chosen asset, commodity or stock exchange is going to increase or decrease in a certain time frame.

For instance, if oil is what you have chosen and you believe the value of oil is going to fall, you will have to go for the Put option, while if you think otherwise, you will have to go for the call option instead.

2.2

Choosing a Broker – You cannot expect to trade binary options without a broker, which is why you will need to spend a good amount of time and choose the right broker out of the numerous brokers featured on our website.

BrokerOfferDevicesTrade Now / Review
1st

Deposit: $10
Payout %: 91%

DesktopMobileTabletTrade Now!*RISK WARNING: YOUR CAPITAL MAY BE AT RISK
2nd

Deposit: $10
Payout %: 85%

DesktopMobileTabletTrade Now!
3rd

Deposit: $250
Payout %: 100%

DesktopMobileTabletTrade Now!
4th

Deposit: $250
Payout %: 90%

DesktopMobileTabletTrade Now!
5th

Deposit: $250
Payout %: 95%

DesktopMobileTabletTrade Now!

Some of the brokers featıred on this site are regulated and offer several types of assets including Commodities, Indices, Stocks and Currency Pairs.

Every broker also offers various types of accounts each with benefits of their own. It will be up to you to decide which one suits your style best and choose one before you make your initial deposit.

We recommend you to open an account at any one of our featured brokers as there are several benefits of doing so, which have been discussed in the fourth step.

3.3

Expiry Time Binary OptionsChoosing an Expiry Time – As soon as you are done choosing a broker and an asset or assets to trade on, then you will have to choose an expiry time for your trade.

Expiry times as mentioned can range from 60 seconds to one month. There could be several different factors impacting the outcome of your trades and the values of your chosen assets, which makes the decision of choosing an expiry time rather critical to your success.

4.4

Understanding Potential Gains – Similar to how you spend some time shopping around to make sure you get the best deal possible whilst trying to purchase a large ticket price item, binary options traders should also look around and check the financial gains that can possibly be made out of every single trade you can place, which is going to be different depending on the broker you choose.

Therefore, it is important to keep an eye out for the possible potential gains on your chosen trades at multiple binary options brokers which are all featured on our site. Be sure to compare them and you will be able to get the best possible returns on your trades.

5.5

Trending Options – Once you finally figure out an ideal trade for you, your next step is to make the best out of all the available tools to execute your trades.

Many brokers will help you out by providing some financial news stories on their news feed or by letting you notice which trades are currently in the spotlight with other expert traders.

That said, always make sure that the broker you choose offers the “Trending Options” feature as this is a really powerful tool that allows you to figure out which trades are currently racking up the greatest trading volumes from other expert traders around the world.

6.6.

Increase Budget Binary OptionsIncreasing Your Trading Budget – There are a number of binary options brokers out there who continually compete with each other to attract more customers. This is definitely something you should keep an eye on as there are risks in the market as well.

Therefore, you should always keep an eye on the bonuses or promotional offers being offered by the unregulated brokers.

7.7

Placing Trades Instantly – Potentially profitable trading opportunities could pop up at any point in time out of nowhere, and you will never be able to predict this in advance.

That said, you should always choose a broker that offers both, a proper online trading account as well as a powerful all-inclusive mobile trading account so you can place your trades from anywhere at any time and don’t miss any trades.

8.8

Hedging Trades - Binary OptionsHedging Your Trades – Most of the traders try to look into the chances of hedging any of their active trades or would try to place several trades wherein both sides of the trades are covered in two distinct trades.

The best way to do this would be to register with two different brokers and trade with each of them at the same time but by opening hedging positions.

9.9

Roll Forward Feature – Most of the binary options brokers these days have started to offer a brand new feature known as the “Roll Forward” feature which can be used only when you have an active trade ongoing.

This option allows you to extend the expiry time on any of your active trades. You can use this method in order to expand your expiry time to the next available one, just in case you feel expanding it may leave you with greater profits!

10.10

Early Exit - Binary OptionsEarly Exit – Typically, all your trades are going to stay active until they reach their expiry times, but in case something happens and you feel you might lose your profits or end up with losses if you continue to wait any longer, you can opt for an early exit as well.

This is an option provided by a number of binary options brokers. You will be required to pay a small fee in order to exit your trade before it reaches its expiry time, but this option proves to be beneficial as it ensures profits.

However, we recommend you to go for an early exit only if you are a hundred percent sure about the fact that waiting for any longer could prove to be disastrous for you. Otherwise, always let your trades go on until they expire.

How to Trade Binary Options

Chapter 1: How to Trade Binary Options?

Binary options trading is a whole new method that allows you to make decisions by predicting the trend movements of stocks, shares, currencies and commodities.

The best part about binary options trading is that you are never going to have to actually purchase these commodities, currencies or shares. However, binary options trading may not seem entirely simple from the first look, but that is definitely true! Because there are certain risks involved in Binary trading as they are also valid in the Forex trading.

That said, we have decided to come up with an all-inclusive binary options trading guide, probably one of the best you are going to find online, which offers a step-by-step tutorial of how you could become a binary options trader if you spend the adequate amount of time.

The very first step would be to choose an ideal broker. Browse the recommended Binary brokers from here.

We kindly recommend you to take a look at our list of featured brokers. Once you figure out an ideal broker for yourself, you can proceed to the step by step training guide down below which will definitely make you fit to start trading right away.

Chapter 2 - Types of Binary Options

  • Types of Binary Options – There exist several Binary Option types which can all be traded either online or through the mobile trading platforms provided by the brokers. We suggest you go through our guide about the different available Binary Options as you can then choose which one suits you best. Each and every Digital Options site we feature offers a varied range of assets which is going to give you the freedom to choose the ones you prefer. You would never want to be left with a handful or limited bunch of option types as a Binary trader.

Chapter 3 - Types of Binary Option Platforms

  • Types of Binary Options Platforms – There are several different platforms you can place your binary options trades on. In case you prefer to use a computer or laptop, there are online trading platforms to suit your needs while if you wish to trade on-the-go, there are mobile platforms available as well. Due to this amazing factor, you will be able to place your trades from anywhere at any time.

Chapter 4 - How to Place Binary Option Trades

  • How to Place Binary Option Trades – This guide shows you how to execute a Binary Options trade online. As soon as you get a hang of how the trading platform works and functions, you will be able to place your trades regardless of what time or location it may be.

Chapter 5 - Binary Options Demo Accounts

  • Binary Options Demo Accounts – This guide is all about how you can make the best out of a free of charge demo account which is offered by all the brokers featured on our site. These demo accounts could be a good way to get along with the trading platforms as it comes with all the features as that of a real account, just without any real money involved.

Chapter 6 - Binary Options Trading Signals

  • Binary Options Trading Signals – It may not be easy to predict the movement of values of any shares, commodities or currencies, which is why there are signals! These signals act as little pointers that suggest which way the value of a certain asset could move. This guide is going to help you out in deciding which binary options you should really be looking to trade with and what would be an ideal time to place your trades.

Chapter 7 - How to Make Money With Binary Options

  • How to Make Money with Binary Options – This is the primary objective of literally every single binary options trader. People trade binary options by taking the substantial risks, and this guide concentrates exactly on how you could make money with binary options trading.

Chapter 8 - Binary Options Trading Tips and Strategies

  • Binary Options Trading Tips & Strategies – We possess a wide range of trading which may be beneficial for many binary options traders. Just in case you are new to the Binary trading, do go through our knowledge-based articles which are sure to increase your chances of successful trades.

Chapter 9 - Are Binary Options Legal

  • Are Binary Options Legal? – There are a number of licensing procedures and regulations involved which the brokers must fully adhere to as this is a financial environment. To be honest, not all of the brokers in the market are regulated and licensed. But we are doing our best to mostly recommend you the regulated ones.

Chapter 10 - Binary Options Site Reviews

  • Binary Options Site Reviews – As soon as you go through all the required guides prior to starting your binary options trading sessions, your next decision would be to find the trustworthy binary options trading site to start trading at. It may not be easy to figure out the best one for you as there are a lot of factors involved, which is why we are doing more than our best to meet all your expectations. Our first and most important mission is to provide you with the objective and most recent information regarding the Binary broker sites.