LET’S START THE BINARY OPTION JOURNEY
Introduction :
What are Binary options?
Before diving into binary
options, a look at forex trading and the stock exchange is a must. What
differentiates these types of trading and binary options trading is the process
through which traders have to undergo to start trading.
In forex and stock
trading, you buy currencies or stocks if you think their value will rise.
Currencies are traded in comparison to other currencies. Traders ultimately
need to contact a broker who usually.
charges high commissions to get
the work done. Discount brokers have recently been introduced who generally
charge less but does not give any investment advice.
In other words, in this type of
trading, traders have to manage on their own accounts or have a huge amount of
money to be able to trade; it becomes very demanding and time consuming.
Binary options on the
other hand, are a much more easy way of trading. Binary options is about
speculating whether the value of an asset will rise or fall at the expiry time;
you cannot buy the trading assets on a binary option trading platform. You can
trade all assets with binary options; no matter if they are currencies,
commodities, indices or stocks whichever is available on the trading tools
options.
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