Entering the binary options world
Hello and welcome to binary options trading world
What is binary options?
It is a choice between two choices, Up and Down. You predict the direction of the price and when you are right you get your profit :)
The choice is between price going up or down and that's very simple
As you can see there are three steps for every trade
1 you choose how much you are willing to invest "differs from a site to another, some sites minmum trade is 1$ and others are 5$, 10$, 24$ and maximum differs too"
2 you choose the time frame "the shortest is 30 seconds which isn't found in all websites and it can be up to weeks"
3 you choose the predicted direction "just up and down"
Then you wait for the time frame you chose to pass and get profit or loose at the end of that period. You get profits if your prediction was right at the end of the period, not before that.
We will talk about some vocabulary in the next page