Trading in the different options of the stock market may seem confusing to most people. One of the most popular investment tools is binary options. The reason why it has been able to attract many users is its simplicity. However, it is this very quality that makes it a high-risk investment tool too.
What is binary trading?
Binary trading can also be called ‘yes or no’ trading as it means choosing one or the other option. It involves predicting whether the asset is going to be higher or lower than the purchase price at a specific time. Predicting that it will be above the set price means yes and predicting it will be lower than the set price would mean a no.
The good part about binary trading is you are always aware of the time frame, risk and reward of each trade as it is predetermined.
Reward and risk involved
The reward amount for a successful trade or prediction would be indicated as a percentage of the amount invested. It can be anywhere between 60% to 85% of the investment or even more sometimes. This means that if the trade is successful you would win the indicated return amount in addition to the original investment amount.
On the other hand, an unsuccessful trade means that you will lose the entire investment amount. Some traders may offer a return percentage even for a loss.
Basic terminologies of binary trading
In binary trading, the trader does not own the assets. They simply predict about the movement of the asset. Given below is a list of the most commonly used terms in binary trading:
Current price refers to the real-time price of an asset.
Strike price can be defined as the price of the asset at the time it was purchased. This price will determine whether you have a successful trade or not. If you want the trade to be successful the asset must close above the strike price.
The term Call is used when a trader predicts that there will be an increase in the value of the asset. The new value must be higher in comparison to its strike price at the expiry time.
The term Put is used when a trader predicts that there will be a decrease in the value of the asset. The new value must be lower in comparison to its strike price at the expiry time.
The date and time when the option ends are called the expiry time. It is the time between the purchase of the option till the exact time that the contract ends.
Binary trading need not be an overwhelming task for those who are just starting out. One such resource to help them in the process is Fintech LTD which is a binary robot. This controversial tool has been designed to automate the trading process.
Binary trading has some great opportunities for big earnings but this is accompanied with the danger of substantial losses. It is important to have the right information about it to make the correct trading decisions.
If you have been reading the topics written in http://cybermentors.org.uk/,that means you want to earn more money right? Well, since you’re recently graduated from college you got to start build your life somewhere.
First, things first, ask yourself on what are you planning to do with all the money once you have it? If your answer is to pursue a career using your talent or you have a dream and you want to fulfill it, then write that down before you forget.
If you want to work you have to find a job. It could be any job and apply as much as you can. For at least that if you don’t get the first job, then another one will be waiting for you.
Now, once you got the job you have to calculate the expenses that you need and you don’t need. In short you have to sacrifice the desire to spend unnecessary things and think about the goal you have in mind. Be patient and don’t rush things. Take your time and take it slow.
Let’s begin with the steps:
You have talent, why not make it a job? If you’re good with computer programming, good at drawing, or good in writing why not post your service online and start become a freelancer? At least, then you have another form of income that requires your talent which you are already good at.
Have a day job. Now you don’t trust that being a freelancer will be enough when you have a lot of things to do such as paying your bills, the rent, and the food.
Necessity stuffs that your other job cannot help you on time. So, try working in some company at least you might earn big and that would be enough for to pay off the expenses.
Save as much and avoiding spending too much. This is a tricky part. You can resist in buying cool new things that are popular. It is understandable that you want to indulge yourself in a form of a reward for your hard work. But you must control your urges in buying too much because the consequence would be dangerous.
You don’t want to lose everything that you’ve worked so hard. Be discipline and control those urges and continue to save so you will be fine.
Do not forget your purpose. Remember the thing that you did, the one where you write your goals in life?
Do not forget what you’ve promised yourself. You have a goal that you need to achieve and fulfill.
Do not be sidetracked because this goal is what keeps you going. You have a purpose to see it through the end.
Be focus and stay determined. It won’t be easy, because life has so many challenges. You will encounter a few little bumps along the way, but you don’t have to worry a thing as long as you keep moving forward and keep reminding yourself on why you’re doing this.
Because at the end of the day money won’t make you happy and the only thing that will satisfy you is to fulfill your dreams. That’s what is important.
Another type of trading is called a binary option. It is a financial instrument where you can trade the assets within the financial market.
It is a fast growing trading industry nowadays. What makes it different from other trading industry is that you can’t own any assets and there’s no middle ground.
That’s what makes it risky. Instead you have to predict or bet which way the assets should go.
How easy it is to understand. You can only choose two options; you have to decide on a “high” and “low”. Either you can be right or you can be wrong.
That’s why it is called binary. Most traders or brokers use binary option in day-to-day basis to invest on an asset because they only need small initial net worth or capital that can turn into huge profit.
Traders/brokers select an asset because they fully understand the returns of their investment from the start. Binary option is an instrument that can draw on profitable investment.
Others think differently because of their experiences in losing money. They just don’t know the ropes and don’t fully understand how the system works.
Here’s an example:
You choose an asset (exchange rate, indexes, equitable profit, stocks or US dollars).
Choose the time horizon that works for you. If you don’t want your money to trade for a long time, you decide on second or minute option that’s best for you or you can decide on hour-long trades or longer if you can tolerate the delay.
You carefully pick your trades’ direction. Whether you pick high or low. Or it could be a yes or no.
Then choose the invested capital.
You will see the percentage of the returns at the platform.
Let us suppose that you selected the “high” on a certain asset. Meaning you believe that certain asset will be higher than the given price.
If at the timeframe, the maturity of the asset gets higher than the given price, then you earn the percentage of the returns on your invested capital. You will have a profit of your invested capital multiplied by the given percentage at the platform.
There, you earn a good profit on your investment. Example: You invest $100 and, then percentage of the return is 85%. Then, you will gain ($100×85%) $85. Your total profit will be $185.
Then, you will gain ($100×85%) $85. Your total profit will be $185.
Otherwise, if that certain asset will get lower than given price, you lose your invested amount. However, brokers/traders suggest percentage of “loss return” structure, where you will not entirely lose your investment, but instead you will get, say if the loss return is 10% ($100×10%), then you will get the $10 of your investment.
Figure out which binary option is best for you. The choice will be different for every individual.
Binary option can certainly help and you have to begin focusing on the stocks where your experience and expertise lay. All of these will be effective if you employ the right strategy binary options.
You have to figure out what your trading aims and goals will be. Set forth a plan to achieve those aims and goals.
You have to plan carefully your investment and how will it generate into a profit. As long as you choose the right direction of your asset, you will surely get the capital and your initial investment.
It is a difficult time for you as a student or a grownup who just recently graduated from college a few years ago. You are already facing a time where you are struggling to find your purpose in life.
You are a wanderer because you don’t know what to do after finishing your education. But then your parents told you to do something with your life.
The first thing that you’re going to do is get a job, right? That’s the first thought that came to your mind and it is what your parents and society expect you to do. But first, stop for a minute and ask yourself. What is the reason why you want money?
If your answer is:
a) I want to become independent, b) I want to have money in order to have a 2nd course, c) to invest my passion, d) to support my family. These are the four common reasons why people want to have money and some of the answers that are not appearing in this article are left to the people’s personal reasons.
Whatever the reason it is you all want to have more money. Now, how are you going to earn more money?
Here are some ideas you can do in order for you to earn money:
Find a part-time job. If you’re a student and you want some money to save up you can get yourself a part-time job that is light enough for you to handle without disrupting your education and your studies. And also, your parents send you some allowance, right?
Why not split the money and save the other half into your piggy bank while the other half will be enough to buy something that you need? You need to save as much as possible in order to increase your money.
Spend less. It is tempting, I get it. You want to have the latest phone, or bag, or shoes, or whatever if it is that is popular this time of the month, but you have to control yourself and prevent yourself in spending unnecessary things that you don’t need in the future.
You don’t want to lose all your money that you’ve been working so hard. Have self-control and self-discipline.
Sell your talent. What if you’re good with computer? Or you’ve mastered drawing and you want to sell your art.
You can do that too. You can become a freelancer by selling the things that you’re good at.
If it is drawing you can post them online and there are a lot of people who are interested in your art style. If you’re good at computer programming or web designing, you can just post your service on the internet and many clients will be interested in having you.
These are the ideas that you can do in order to earn some money. Do not forget to spend less and save more because that is only for you to increase your money and possibly securing you a financially in the near future.
However, money is not everything. You can bring money to you grave.
Why not use that money to fuel your passion, or save enough for your future children because at the end of the day money is not enough to make you happy. The tips above may not be enough, but you can try Qbits MegaProfit and you will have more ideas on how to earn money.
When you graduated college and your parents promised you that you’re going to do things in your own terms without any aid from your family because you are a legal adult now and that would mean freedom right? It is all about your choices now and your dreams, no more parents orders or demands of you doing this and that because they think that’s the only way for you to have a secure life.
But what if you have already plans of your own? Plans that would make your dreams come true? Did you get all excited, right? You want to start your plans, but first, you got to have a job.
Now, the real challenge begins. Your parents won’t help you now.
They’re not going to fund you anymore because you are already graduated from college and they expect you to find a job right after. So, you did.
4 months-6 months you find a job that you are not happy with or satisfied with, but you keep on going anyway because you want to earn money in order to fund your dreams, but the saddest thing is you are not happy. You are restricted now.
Trapped. You are struggling and facing difficult challenges that sometimes you feel like you want to quit and just become a NEET and let your parents take care of you.
But you don’t want that. You know it won’t make you happy.
So you have to swallow your pride and head out to work. You must know the important thing first.
MONEY is not everything; it does not make you rich. You won’t be satisfied and you can never find true happiness through money.
You must face facts. It is understandable that society has put a lot of pressure on you lately, especially when you’re freshly graduate and you’re still looking for a purpose in your life and working yourself to death is the answer, or a stepping stone for you to become a success.
But that’s not it. Working yourself in order to earn big is not the only answer. Money may be the answer to all your problems, and perhaps there are some truths about it, but money is only used to provide you the basic needs like food, clothing and shelter.
You got to learn how to manage yourself, your time and your money. Do not be consumed that money is everything to the point you lost yourself.
Just keep in mind that saving money and spending only 10% is enough for you to keep on going. You got to start something small after all before going to the top.
Do not forget to spend that is only related to the basic needs do not spend on something that is unnecessary. However, if you wish to continue in pursuing your dreams, then you can invest on them because that is what you want to do. Keep yourself determine, be optimistic because it won’t be easy, but in order to achieve financial freedom is to have complete self-control of yourself in order to control your expenses.