Are you a beginner in binary options trading? If your answer is affirmative, you are in the right place to get valuable info about how to become more successful trader and to benefit from trading assets on binary options market.
Having this in mind, we compiled a beginners guide to binary options trading for an increasing number of South Africans who are interested to begin their hopefully, profitable binary trading journey.
Introduction of Binary Options
What are binary options are what is the main reason of such increasing popularity?
In trading binary options, traders in South Africa can experience trading with fixed payouts, where possible money gains or losses are known in advance. Traders actually need to determine if a price of an asset will rise or fall by evaluating current market situation.
Many trustworthy binary brokers who operate on South African market offer a wide selection of trading features and instruments for traders to maximize profit and reduce the risk. Since we are talking about online investment, certain risk exposure is present, however it is advised for traders to carefully choose broker to trade with as well as educate themselves for better trading results.
To trade binary options, it means how South Africans have opportunity to invest in currencies, stocks, commodities and indices.
Also, they can choose between short-term and long-term trading. For example, expiry times of 30 s, 60 s or 2 minutes are considered as trading on short run and are usually riskier trades than those for longer periods of time, such as few days or weeks.
Check further out beginner guide for binary options trading in South Africa and find out more tips about how to achieve better trading results which can end up with high payouts.
Advantages of Binary Options Industry – South Africa
As an inexperienced trader, advices and tips are more than welcomed when planning to invest in binary options. As one of the main binary options advantages is by far trading in more controlled area in order to earn money and in the same time reduce risk.
On our broker list, South African traders can find many brokers who have been tested and are shown to be a trustworthy brokers with secure trading platforms. Each broker differs from another by providing different trading opportunities, which can be tools, account type, different deposit amounts, available features etc.
For example, return percentage is also one of the main indicators which can be seen by many traders in South Africa. Majority of reliable brokers offer returns between 75% and 92%, while other offer payouts even up to 100%.
So what is so appealing in binary options trading?
Besides quick and high payouts, simplicity comes as one of the main reasons for an increasing interest among many South African traders. Before binary industry, traders were able to participate on financial markets, however they supposed to have rather trading knowledge to be a successful in this field. With binary options, traders novice are also able to benefit from this industry even though they aren’t skilled enough as pro traders are.
Beginner Guide to Binary Options Trading
In this part of beginner guide to binary options trading on South African market, traders will get more tips to understand better from where to begin and what should be the best initial steps to have a successful binary trading experience.
Although trading binary options can be a lucrative investment, unfortunately scam brokers come as negative aspect of binary trading. There are indicators which can point out if a certain broker is scam and this is by far, one of the main elements to know and to prevent doing any business with such brokers.
Always Choose Trading with Reputable Broker
As a beginner, we strongly recommend trading with respectful binary options broker in order to avoid scam and have safe binary trading experience.
On our site we have listed only safe brokers with tested trading platforms with whom it is safe to deposit and trade with. Majority of these brokers are regulated by several European authorities and South Africans don’t need to worry will they be scammed.
For traders in South Africa who prefer investing lower deposit amounts, we recommend IQ Option, a regulated binary broker who recently redesigned their platform and improved it with more features.
Other brokers, such as Banc de Binary, 24option, Opteck and StockPair are for years now considered as leaders in binary options industry by providing excellent trading instruments and services as well as having no complaints from registered traders.
Test the Platform on Demo Account
This beginner guide to binary options trading couldn’t be complete without one important segment; demo account. On demo, South Africans are able to test the trading platform and learn more about how to trade binary options without losing any money. So how is that possible, one might wonder?
Demo accounts are considered as a powerful tool for beginner traders since they enable traders to train and use a variety of strategies in completely risk free area. This can only mean that South Africans have option to practice trading just as on real trading account but to invest virtual money and not real one.
Many regulated brokers offer demo account on their platform as way to attract new traders and teach them how to master trading binaries. IQ Option broker offer demo with $10 000 of virtual funds, while for most of other brokers, the exact amount will be known after traders contact their dedicated account manager.
Are You Familiar with Binary Automated Software?
Binary options industry is continuously working on implementation of new features and products for traders to use and benefit from. This is where auto trading comes into the focus of many traders around the world, including those residing in South Africa.
With binary auto trading systems, such as Binary Options Robot or Qbits MegaProfit System, inexperienced South African traders can invest in binaries without too much hassle and spending time into learning all tips and tricks for successful and lucrative binary trading.
Binary auto trading is based on received signals, which are generated by either sophisticated algorithms or trading experts with years spent on financial markets. With Binary Options Robot, South Africans can enjoy in 100% free and easy to use automated system. This robot will then place trades on behalf the registered traders.
For traders novice, automated binary solutions are great option to invest in binary options and make money from it in a very simple way, which is definitely one of the main reason of such binary auto trading popularity.