Easy way to trade Forex
This is an essential question which concern many modern traders who are interested in expanding their vision and opportunities in financial markets. In this article I am going to shed more light on this comfortable way for trading Forex pairs.
In traditional Forex you buy Euros and sell US Dollars when you expect that the Euro would gain value compared to the Dollar. In other words you are looking for the EUR/USD price to increase so that you make profit. The profit is calculated when you sell the Euros more expensive than you have bought them.
When we are talking about Forex binary options you should consider EUR/USD price itself. You can buy an option that the price will increase and you will decide how much to pay for the option. The profit is guaranteed by the broker and depends by the type of options. The market is so volatile that you can profit every 60 seconds on binary options.
What is the Profit?
You don’t need to calculate bid price, ask price or pips to find out what your profit will be at the end. Trading Forex binary options is much simpler: the broker is offering a profit which usually starts from 80% to 100%. If the broker’s offer is 100% and your investment is $100 in a successful trade your profit will be $100.
There are many different types of options and some of them may be at the same time very profitable and risky. The profit might reach 1000% on a single trade when the target price is too far from the current price. I would recommend you to trade such high returns first using demo accounts, at least until you get used with the trading tools.
What is the Risk?
This type of trading involves significant risk which may damage your personal finances. Before you know the markets I would advise you to request some free coaching from the brokers. Many professional traders are working over there and one of their tasks is to educate new investors.
The good news is that there is no spreads in this type of trading neither commissions that you have to calculate. You will decide on what price to buy and to consider the return in or out of the money. The brokers are offering up to 100% profit on successful trades and up to 25% refund on unsuccessful.
So if you decide to try out Forex binary options, choose one of our recommended brokers, open a demo account first if you are not sure in your potential and start trading. We can wish you a good luck and provide you with some advices and useful tools reviews.