What is a Binary Option and How Do You Make Money?

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How to trade binary options on IQ Option in Nigeria Binary options trading on IQ Option: Nigeria The 21st century is often referred to as the digital era because the internet is a major source of income among others.

Trading is considered one of the most promising ways to make money via the internet. At the same time trading can be divided into several types, some of which require a good dose strategy on binary options iq option market understanding and professionalism. Binary option trading is a popular one - it is suitable for both newcomers and professionals. What are binary options?

Such trading options must not be regarded as gambling or lottery and success completely depends on your work, your professional skills and your experience.

What is binary option trading. Binary options are mostly based on currency pairs other assets are offered as well.

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Those pairs reflect the value of one currency towards another. Different news and events may affect that interdependence. A binary contract can be seen as a deal between a trader and a platform- traders predict either increasing or decreasing a particular pair rate and then make a deal based on that prediction.

If you make a corresponding deal and it comes to pass, you will make a profit. Binary options are rather convenient from the viewpoint of a position duration. Traders are advised to devote hours per day and being in the red in case of appropriate comprehending the market.

Top myths concerning binary options

IQ binary options nigeria Top myths concerning binary options Numerous myths surround binary options. These are the most popular ones: When something goes wrong, traders lose everything.

First of all, you cannot lose more than you have deposited. That is the universal truth. Binary options are mostly based on luck. Totally not! Experienced traders make profound analysis of the selected pair and identify factors that may cause the rate to move higher or lower. Predictions are made based on this analysis. Such instrument is suitable for everybody. Both yes and no!

Those who just want to earn several dollars and leave the system are doomed to fail. Binary options is all about learning, analyzing, building interdependence, digging into financial mechanisms and becoming more professional.

Let us take them one after the other. Expiry times can be as low as 5 minutes.

Traders lose their money anyway. Trading is not a gaming house and price movement reflects the real market situation.

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Binary options trading with a reliable broker How to pick up a reliable broker for trading? To be a successful trader entails choosing the right broker among other factors. Binary options marketing is extremely popular these days so numerous binary options platforms abound.

IQ Option is among the most reliable ones known for technological innovations and consumer-friendliness.

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The following are key advantages our platform has over analogue brokers: Diverse array of instruments for both new entries tutorials and chats and professionals various market analysis instruments.

Options plug settings to make the interface more personal and therefore convenient. Contemporary technologies that make the platform faster than analogue ones, offering users the most precise rates with real-time price changes.

When building the platform, developers consulted with traders in order to tailor it towards their needs as much as possible.

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The market offers the following types of binary options trading: Put-call. This is the simplest form of binary options trading.

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Traders are expected to predict the future movement of a price. If the prediction corresponds to the market situation, the trader makes a profit. Traders have to indicate particular ranges within which the price is expected to be over a certain period.

Traders indicate a particular price line and the real price must just touch that line during a certain time period. Speaking about those types of binary trading IQ Option offerings, Put-call is the easiest one to understand.

Introduction Video – How to Trade Binary Options

Which time periods and profits do binary options imply? There are different time periods for which deals are made. For instance, IQ Option offers selections from 1 to 45 minutes remaining till the expiration time. The period between the purchase strategy on binary options iq option expiration time is fixed, being equalled to 30 seconds. Note that Put-call binary options imply fixed profits that can be positive or negative.

However, traders are free to build special strategies based on fixed profits whilst professional market players are sometimes interested in much higher profits, which can be achieved on our platform as well.

How to trade binary options on IQ Option? Our platform offers simple mechanisms for binary trading option but to avoid any misunderstanding follow this step-by-step guide: First of all, visit our official website and sign up to get a personal account. Verification is recommended. Complete it to avoid problems with withdrawals. Then choose a preferable account to start. A demo account is available for free while a real one should strategy on binary options iq option money deposited in it first.

Click on the preferable pair or other assets for marketing. Indicate a deal amount and expiration time. Follow the chart during the indicated period of time and your profit depends on the final situation. Apps can display up to 9 charts simultaneously with different time periods. Binary options view Binary options tournaments This is seen as an opportunity to multiply your funds in short periods of time.

However, you risk being in the black but IQ Option binary option tournaments are optimized to minimize your risks. Those prize pools are shared among the most successful binary option traders. Top strategies for binary options trading There are diverse strategies for binary options trading based on time periods and assets.

These are the most popular ones: The Inside Candle strategy is based on three candles. One candle is long, the second is short and moves in the opposite direction while the third continues movement of the inside candle and exceeds the opening price.

This strategy is usually timedfor minutes. Le Confort strategy. The chart timeframe is 5 strategy on binary options iq option. When the price falls lower than and crosses the lower Bollinger band, rate change is expected. Royal Fish strategy. Fisher Transform indicator is in the default mode while Stochastic should correspond to 20, 3, 3 settings. The chart timeframe is 1 minute. The price is expected to grow when Fisher lines are crossed in level and the blue line is above the orange line.

What is the best strategy for binary option trading? There is no answer to that question. Users have to develop personal skills and methods that work for them.

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Create an account and find out how to trade binary options on iq options What is binary options trading: FAQ Can I trade binary options at any time? Assets are inaccessible on weekends and the IQ Option platform indicates the time remaining for a particular asset to open for marketing. Meanwhile, users are offered over-the-counter assets — 8 different pairs of the most popular currencies.

Where can I get information about binary options? Living in the digital world, we have access to numerous sources of information. Special literature, video materials, recommendations of successful traders may be used to upgrade your skills. By downloading our apps, traders get access to the video tutorials. What does affect the profit? Trading instrument implies fixed profit but its rate may depend on several factors.

Getting information on how to trade binary options, users may notice that the more expiration period is the lower profit rate is. How many deals can I make? The only limit lies in your account real, training or tournament one.

Some strategies are based on building such corridors. May I use binary options signals?

Tags: Trading strategy 7 min read The number of existing trading strategies is enormous. Some of them work perfectly, while the others demonstrate lackluster performance. Today we are taking a closer look at 5 popular strategies that you should know and think about giving them a try. Chances are, you will find a strategy that fits your personal trading style. Momentum Trading The momentum strategy is easy to understand but not always easy to implement — when following it, traders wait for the asset to demonstrate rapid movement and then open the deal.

Some beginners prefer copying successful traders or using other signals that are expected to multiply your assets. May I close a deal before the expiration time? Deals can be closed 15 seconds before the expiration time.

The aftersale profit directly depends on the price movement. When your prediction is far from reality, aftersale returns some part of your investment.

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When you are right, aftersale brings guaranteed profit saving you from painful surprises. Is it profitable to use a binary option robot? Most newcomers are offered special robots that analyze the market and make deals instead for them. Those robots are expected to bring enormous profits but the reality is completely different. Just imagine, how expensive can robots that truly bring money be?

Millions of dollars, perhaps! Thus, free or cheap offers just take advantage of you. Are binary options legal in Nigeria? Nigeria is the promising market for all financial innovations and binary options are not the exception. The government is rather favorable for those instruments attracting investments. Several brokers are in operation in the country and Nigerians are ready to take full advantage.

Thus, binary options in Nigeria are completely legal. Referring to our platform, Nigerian traders are rather active, partaking in different tournaments and trading using numerous assets. The only issue to take note of is the taxation policy. Taxes depend directly on your incomes. The more you earn the more percent of profits you are obliged to pay.

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How to start binary option trading? To become a successful trader, users are recommended to partake in tournaments or trade from a training account at first to get necessary skills. Furthermore, pick up one or two assets for marketing in order to be aware of news and events that affect prices. Spreading your attention to numerous assets results in losses. Upgrade your skills constantly in order to be more and more professional in technical analysis.