Quick Start Guide To Trading Digital Options

Quick Start Guide To Trading Digital Options

Ready to trade digital options for the first time? If so, prepare to be amazed at just how simple and profitable this form of trading can be. Below is a six step quick-start guide that will help you start trading quickly and correctly

Step One: Select your trade type

When trading with Brokers Options you’ll have the chance to choose basic digital options, 60 Seconds, Long Term, One Touch, and Pairs trades. The simplest options for beginners are the basic binary options. These are the simple Put or Call trades that only require a prediction of upward or downward price movement.

Step Two: Choose your asset

Brokers provides over 180 total assets to choose from. These come in the form of stocks, commodities, currency pairs, and indices. This type of variety will prove very helpful when searching for easy profit opportunities.

Step Three: Complete analysis

Complex technical analysis is not required during the beginning stages of trading. Do, however, examine past and current price movement. This can be done by viewing the live asset charts provided by Brokers Options. Fundamental analysis is simply a matter of checking out the most recent news and reports related to your chosen asset.

Step Four: Select an expiry time.

When trading with Brokers Options, you can enter into trades with expiries as short as 30 seconds or as long as several months. Your chosen expiry time should correlate with the analysis that you’ve performed. For example, if a short-term price trend is taking place, you’d want to select a shorter expiry time frame.

Step Five: Enter your forecast

For a prediction of a price increase, select CALL. For a prediction of a price decrease, select PUT. With Pairs trades, you’ll select the asset that you feel will perform better than its paired asset.

Step Six: Select your investment amount

This is an important decision for new traders. The best advice is to only consider reasonable investment amounts in order to avoid quickly draining your account with a couple of mistakes. Brokers Options allows traders to use $1 and $10 minimum investment amounts, so there really is no excuse for huge losses.

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General Risk Warning: Trading Binary Options carries a high level of risk and can result in the loss of your investment. As such, Binary Options may not be appropriate for you. You should not invest money that you cannot afford to lose. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. Under no circumstances shall we have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to Binary Options or (b) any direct, indirect, special, consequential or incidental damages whatsoever.
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