Making Money with Binary Options Financial Trading

Special offer

As a huge thank you to you for downloading this eBook, I would like to give you something in return. When you sign up for Binary.com, use this link and you will receive a free 20 (€, £, A$ US$) bet. So you can experiment entirely risk-free.

If you are a US citizen, then you can still get in on the action with up to 100% deposit bonus at 24option.com.

Introduction

Financial trading may seem like an intimidating way to earn extra money through the financial market, especially for those who only hear about this billion dollar industry from the news.

Fortunately, fixed odds trading – a type of financial trading, makes it easier for non-finance individuals to invest their money in stocks, foreign exchange or commodities. It is a simple trading system that anyone can learn and engage in. It is also a convenient way to participate in financial trading and there are plenty of online trading platforms available that you can use from your home computer or your smartphone.

In Chapter 1, we will be exploring the fundamental concepts of fixed odds trading and how it works. Although this book takes its examples from the well known Binary.com platform, the same principles can be applied to other fixed odds brokers such as 24option.com. (Note that while Binary.com does not allow US citizens to set up an account, 24option.com does). You will learn about the different trading types that you can use on Binary.com, the main online trading platform that we will be using. You will also see numerous practical examples to help you better understand what fixed odds trading is all about.

The next topic that we will be discussing is Binary.com and how you can get started with making a Virtual Money account. Using this demo account, you will be able to practise the fixed odds trading strategies that you will learn on Chapter 3. You will also learn how to place trades using the Binary.com platform and how you can maximize the features available on this site.

You will also be given a variety of tips and tricks in Chapter 3. You can use these tips to get you started in formulating your own fixed odds trading strategy on Binary.com.

In the last chapter, we will be looking at the trading habits that you need to avoid in order to be successful in fixed odds trading. These tips will help you to maintain discipline when trading.

Please note that while the $ symbol has been used throughout this eBook, other currencies can be substituted without problem as the concepts are universal.

Also note that Binary.com regularly updates its website so the images may not 100% match. The concepts will still apply though.

Chapter 1: What is Fixed Odds Trading?

Not everybody is born with financial trading knowledge and in some cases, it may take years for an individual to fully grasp the concept of trading without undergoing any formal education. The traders on Wall Street and The City not only require advanced financial knowledge, they also need the experience in trading in volatile and fast-paced markets in order to succeed.

Luckily, you won’t need to go through the same extensive training in order to profit from financial trading. With the advent of the Internet came the digital technology that would enable rookie traders from all over the world to trade on the same level platform as the veterans. One such trading type that allows this is financial fixed odds trading.

In this chapter, we will explore in-depth a simple yet exciting financial trading method that can act as your starting point to other financial trading instruments and techniques. Here, you will learn more about the basics of fixed odds trading and its advantages and disadvantages. You can capitalize on this in order to maximize your gains and profits.