The Best Binary Options Trading SystemWhen I first started trading Binary Options I was overwhelmed with the different advice columns, Binary Options trading signals and expert trading tips coming from all directions. I wanted a simple Binary Options trading system that would guarantee easy profits. After reading tons and tons of articles, I finally realized something: the best Binary Options system is the one you create. See, unlike day trading or basic Forex, Binary Options offer such a wide variety of trading opportunities that you can, and should, create a trading system based on your own strengths and weaknesses. For example, there are three basic types of trading instruments frequently offered by Binary Options brokers: ‘Boundary’, ‘High/Low’ and ‘One Touch’. Each one offers traders a different way to profit depending on how they view/understand the market. The ‘Boundary’ instrument gives traders the ability to estimate if an asset will stay ‘in’ or ‘out’ of a certain ‘range’. On the other hand, the ‘High/Low’ instrument allows traders to estimate if an asset with reach a value that is above or below the strike price when the option expires. Finally, the ‘One Touch’ instrument is used by a trader to predict if the underlying asset will ‘touch’ a specific value before it expires. While each of these trading tools essentially meets the same goal, they are made to cater to different types of traders.
Make it your own!What’s more is that a trader can tailor their Binary Options trading system in as specific details as time. Sites like OptionFair offer a 60 second, 2 minute or 5 minute trade options, which I came to love. However they also have 15 minute, hour.. etc. up to a week option depending on the traders preference. Finally, how you decided what to trade is something that also, you as a new trader, need to define. Personally, I took advantage of the free webinar my Binary Options broker offered and began reading the news to try to trade. But there are a lot of other ways, including reading market graphs and charts or following trading bloggers. Some sites even offer Binary Options trading signals; however they usually cost a pretty penny to get. The real trick… know yourself and know your options. In this way you can create your own successful Binary Options trading system that will not only interest you but also bring you the profits you are looking for.
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