For those of you who are actively trading, the term binary options or binary options is certainly familiar to your ears. Judging from the origin of the word, binary options are trading steps carried out by paying attention to 2 possibilities or options, namely an increase in price or a price decrease. When compared to stock trading, binary options are somewhat easier to do. That is why the demand continues to grow. This can be seen in the detailed information on our official website at http://www.forexkenya.net/binary-options-kenya.html.
The basic principle in binary options allows a trader to buy a contract for a particular asset for a profit when the contract expires. The trading period until the contract expires usually ranges from 60 seconds to 5 minutes. If you want to increase the transaction time until the next period, please use the ‘Roll Forward’ feature. One of the reasons that binary options are in great demand is because of their foreseeable advantages. The amount varies, from 70 to 90%. Then, what assets can be traded using binary options? All investment instruments available in the market can be traded in this way.
The first thing you should know is what type of asset you want to trade. You can choose stocks, commodities, or foreign currencies. Make sure you do your research so you know which assets will bring you the most returns. Next, find a broker that provides trading services with the binary options system. Make sure you get to know the broker well because currently, many brokers turn out to be fake. For beginners, to get the maximum benefit from your trading, it’s a good idea to check and compare the offers of each broker. From this comparison, you will get an idea of ??how much profit you will get. Some brokers provide a demo feature where prospective users can test the features provided. For traders who are using binary options for the first time, having a demo account will be a place to practice before plunging into a real account.