Learn Steps of Binary Options Trading
Select the Underlying Asset The first thing, as a trader you need to do is to select your preferred underlying asset to trade. Secured Option offers a variety of underlying assets in different markets, so you will have to pick the most relevant one that suits your trading strategy. Deposit funds in your trading account and choose a stock, commodity, index or currency pair. The best is to trade with a volatile, highly traded asset.
Select Call or Put In this step you need to choose the direction in which you feel the underlying asset will move and therefore expire at the chosen expiry time. If you expect the asset to expire higher than the current level you would choose a Call, but if you think the asset will expire below the current level you would choose a Put. You have the freedom to choose your preferred expiry time and most traders select on the basis of market circumstances.
Choose the Expiry Time: Now you will require choosing the expiry time. You can choose from a variety of time zone: 15 minutes, 30 minutes, 1 hour, daily, weekly, etc. Therefore make sure you have a fare idea of which direction the chosen underlying asset is going by the chosen expiry time
Follow up: You need to track your trade until expiry. At expiry, if you win (in-the-money), then good for you! If you lose (out-of-themoney), do more market research about binary options and take advice from your account manager about how you can make profits.