Binary options have quickly become a common term in the world of financial trading. It offers traders of all levels the opportunity to quickly get high returns on their investments. Of course, as you would expect, quick and high returns does mean that the risks are high in binary options, but with the right knowledge and skills you can profit massively. Enter a new era of trading, where you don’t have to have a background in a prestigious business school in order to succeed.
Binary options is an interesting phenomena, as it has attracted the attention of both professional traders as well as complete beginners. The simplicity of the the trades makes binary options easily accessible for people with no history in finance, and the high returns are sure to intice the more experienced traders. Today there are hundreds of Binary brokers on the internet, and not all are the same. Therefore it’s important to choose your Binary broker with care, as some of them will be more targeted towards beginners and some towards professionals.
So let us start with the beginners. Obviously, you want to start at a place where things are thoroughly explained, especially if you have no previous experience whatsoever. Many brokers today offer an education center, which is filled with useful information for anyone looking to learn. One broker that has a particularly good education center is OptionTime. There you’ll find the OptionTime academy, which gives you introductory guides to binary trading, along with webinars, instructional videos and e-books. In other words, at Optiontime you can learn trading from scratch, which is perfect for the beginner. Another thing that is really important when you are a beginner is to make sure that your broker has an efficient and fast support, as you are much more likely to run into problems when you are new to this. Optiontime offers phone support in almost 20 different languages, and you can also email them at any time, making them a grating place to start trading at.
So let us move on to professionals. If you have a few years experience, you’re obviously not going to need the getting-started guides for example. What’s more important for you is a stable and potent trading platform, offering you several trading methods, such as 60 second options, one touch and ladder trading. A good example of a site that would suit the professional is GTOptions. They have over 60 different assets to trade with in indices, currencies, stock and commodities. Another great feature at GTOptions is that they offer a large bonus when you first make your initial deposit. This can be very valuable for a trader, especially if you trade with large sums of money. At GTOptions, professional traders are recommended to open a Gold account, meaning that they will get access to the full range of features at the site, such as personal trading advice, bonuses and analytical tools.