Trading Binary Options Part-Time

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Sign-up Bonus!

  • Binomo
    Binomo

    Trustful Broker!

Binary Options Trading: A definitive guide for newbie’s

Trading is a nice way of making money in a shorter period of time, learn how?

Hey Friends, the first day of this week, I am going to share a new trend of making money online which was named after so-called Trading business.

This is called Binary Options Trading, which empowers many individuals and corporates to become a millionaire in a shorter period of time.

This is not a magic but works on logic. People who have the market knowledge can easily get into this business with a little investment to start.

Make your investment in any tangible (or) intangible products, and trade upon to make profits over time.

We will discuss this method more in detail in this article. Let’s get your note and pen to take down important aspects that will be a nice decision for a perfect start.

Table of Contents

2.1.) High earning potential
2.2.) Quick outcome
2.3.) Ease of trading
2.4.) Affordability (independence of stock price levels)

7.1.) Free practice
7.2.) Minimum entry threshold
7.3.) Maximum profitability
7.4.) Quick and smooth money withdrawal
7.5.) No extra fees

8.1.) Technical settings and design
8.2.) Assets
8.3.) Types of accounts
8.4.) Depositing and withdrawal of money
8.5.) Educational opportunities
8.6.) Technical Support
8.7.) Customer Reviews

1.) What are Binary Options?

The World Wide Web of today offers plenty of opportunities for making extra income online to both employed and unemployed people.

If you are one seeking to improve your family budgets, then you’ll find it worthwhile to learn about binary options – one of the most innovative styles of trading.

This is a type of a short-time investment, that does not require buying actual stock. All you have to do is forecast the direction of a stock price fluctuation, which is possible to do via some basic analysis of the market.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Sign-up Bonus!

  • Binomo
    Binomo

    Trustful Broker!

As the name suggests, there are only two types of binary options to select from: Call or Put.

Some binary options brokers use the Up or Down terminology, but they mean essentially the same.

This new style of trading has attracted a huge number of traders and is getting more popular by each passing day. The reason why it is experiencing such a huge growth is that it offers an unmatched money-making potential in a very small period of time.

In binary options trading, all you have to do is to predict the price level movement of an asset. Suppose you want to trade the Apple stock with binary options trading. Let us assume that the Apple stock is currently trading at $93.5689.

You have to make a prediction if the stock price of Apple will be higher or lower than the current price level after an expiry period (The expiry period is selected by you).

Suppose you predict that the price level of Apple will be higher than its current price level after one hour. If your prediction is correct you will earn a profit of about 80%. However, if your prediction is incorrect you will lose the amount you invested.

2.1.) High earning potential:

When it comes to the money-making potential, nothing beats binary options. You can nearly double up your money by trading in the binary options market. In fact, there are some options which can even give you a profit of 500%.

2.2.) Quick outcome:

The expiry time for trading binary options is very short. It is generally in terms of hours and can be as small as 30 seconds.

It essentially means that you will get immediate results and you certainly do not have to wait for a long time to know the outcome of an investment.

2.3.) Ease of trading:

Trading binary options are very easy. Anyone with an internet connection can trade at any time during the trading hours. You can trade from anywhere in the world.

In fact, you can use the dedicated apps using which you can trade via your smartphone while traveling. Not much information is required to start trading in binary options.

However, being able to trade and being able to make profit require totally different skill levels.

2.4.) Affordability (independence of stock price levels):

The actual stock prices do not matter much in the case of binary options trading. All that matters is if your prediction regarding the price level was correct or wrong.

It essentially means that there is no difference if your prediction is correct by 0.1 points or 100 points. Both give the same result. Same is true when your prediction is incorrect as well.

All that said, one thing is important to keep in mind before you invest: all the attractive features of binary options trading come at the price of a big risk factor. A risk factor is, of course, high but so are the rewards.

3.) How binary options differ from regular trading?

Regular trading (also known as vanilla trading) and binary options trading might look similar at first for a newbie to financial markets, but in truth, they are very different from each other.

One key difference is that in vanilla trading the actual value of the price level matters. In binary options trading, all that matters is whether your prediction is correct or not.

Suppose Google is currently trading at $100. If you buy the stock in vanilla trading and after a day the stock is priced at $101, you will earn a profit of 1%.

Meanwhile in binary options trading, if you buy the Up option for Google which is trading at $100 with an expiry time of 1 day and the price level of Google is $101 after 1 day, you will earn about 75%.

In fact, it doesn’t matter how high Google ends. As long as it makes your prediction correct, you will make the same profit.

It is therefore for the same reason that you will make the same profit in binary options trading if Google would have ended at $200 or $120 or $500 after 1 day.

The risk factor in binary options trading is significantly higher than in vanilla trading.

Taking the previous example if Google had ended up at $99 after a day, a vanilla trader would have lost just 1% while a binary trader would have lost all the invested amount (considering the trader had selected the Up option).

When it comes to the expiry period, vanilla options have very long expiry periods of 6 months, a year, 5 years etc. But in binary options trading, the expiry period is generally just a few hours. It can be as small as 30 seconds.

In binary options trading, you can easily make money even if an asset is falling down. It is not possible with vanilla options.

Vanilla option traders may buy a falling stock when they feel that the asset has hit its minimum and will start to rise soon.

Binary options traders can just select the Put or Down option and if the price level of an assets ends lower than the strike price after the expiry time, a profit will be made.

Binary options traders can’t sell their bought option before the expiry period.

If a trader has bought an option with an expiry period of one hour, he or she will have to wait till the expiry period ends to get a result and it can’t be sold in between.

A vanilla trader, on the other hand, can sell the bought options anytime.

Binary Options

High money-making potential
Small expiry time
Actual value of an asset doesn’t matter
High-risk business
Profit can be made if an asset price falls

Vanilla Options

Low money-making potential
Big expiry time
Actual value of an asset matters
Low to moderate risk business
Profit can’t be made if an asset price falls

4.) What are the limits of my potential earnings?

Theoretically, a binary options trader can become a millionaire – because there is no sky to how much you can make by making correct predictions.

You can nearly double your money every few seconds. Although being correct all the time is not practically possible – one has to remember that.

Let us take a few assumptions and calculate your payout. Suppose you invest $100 in every trade and have an accuracy of 80%.

Let us also assume you execute 30 trades per day and the average payout is 80%. In this case, your pure profit is $57,600 per month.

Even if your winning rate is 70%, you will pocket a monthly income of $50,400. The best part is that you can earn this money sitting on your couch.

As per a report published in binary today, a trader makes more than $20,000 per month by trading binary options.

He follows some basic strategies with discipline and gets amazing results. There are many similar success stories on the web.

5.) Who can earn with binary options trading?

Generally, the answer to this question goes: “Anyone who is interested in making online home income, wants to try this type of financial instruments and has a good Internet connection”.

For a start, basic knowledge of the financial market and access to economic news will be enough.

Talking in a more long-term perspective, one has to be open for self-education. The more extensive learning you get, the better you can create a well-structured trading plan and not rely on sheer good luck.

Luck is part of the fun, of course, but its combination with proper skill will lead you to more steady income in the future.

In this context, when you are selecting a broker – which is the first thing you need to do – pay attention to the training and practice facilities the company provides.

6.) Olymp Trade – a trusted partner in binary options trading

If all the above has sparked your interest in binary options trading, your first step will be choosing among a variety of brokers on this growing market. How should one make such a choice?

Things which are of crucial importance:

••• Ease, convenience and transparency of the trading mechanism
••• Profitability levels offered by the broker
••• Opportunities for education and improvement of your trade skills
••• Honesty and reliability, confirmed by credentials from official bodies.

There are not many companies who stand out of the crowd by virtue of their premium trading serves, and Olymp Trade is one of them. This Seychelles registered broker was founded by Smartex International Ltd. and has operated on the market since 2020.

Olymp Trade is an “A” member of the International Financial Commission, an independent organization that provides and guarantees the protection of traders’ rights. Which means if a broker acts unlawfully, the Commission reimburses the trader up to $20,000 from its Compensation Fund.

The broker is highly recognized by the industry professionals and boasts four important awards, received over a short period of time:

••• IAIR AWARDS prize in the category “Best Binary Options Platform”
••• KROUFR Awards as the “Best Binary Options Broker”
••• ShowFX World prize as the “Fastest Growing Broker”
••• CPA Life Awards international prize as the “Best Financial Broker”

Now we shall dwell a bit more on its advantages, which matter especially for a beginner trader.

7.) What are my key benefits with Olymp Trade?

7.1.) Free practice:

Each trader is given access to a free demo account with 10,000 virtual units right after the registration. It is particularly useful for beginners who can practice as long as they wish before trading with real money.

The balance is rechargeable if it has less than 5,000 units (back to 10,000 for free), and you can always go back to the demo mode – in case you want to practice a new strategy.

7.2.) Minimum entry threshold:

Depending on the account currency, you can start trading binary options with just $350/$10/€10/20

7.3.) Maximum profitability:

With Olymp Trade it is possible to earn up to 80-90% of the investment if your forecast was correct.

7.4.) Quick and smooth money withdrawal:

As soon as you make a profit, you can apply for a transfer of money to your bank card or an e-wallet. The processing usually takes no more than a day or two.

7.5.) No extra fees:

The broker bears commission for all incoming and outgoing payments.

8.) How does Olymp Trade platform work?

The company has developed its own trading platform and continues to improve it every day. This is an essential thing because it implies almost zero chances of technical failure – so you may be positive that the platform will not freeze at the most inappropriate moment.

The product is custom-designed by the broker with input from experienced programmers, financial analysts and traders. It provides convenient tools for the market analysis, so you could make informed “up or down” decisions every time.

Available in both a desktop version and a mobile app, downloadable at Google Play.

8.1.) Technical settings and design

The platform is designed in a very user-friendly, understandable way. Once you look at it, trading on the financial market immediately becomes less dense and daunting. The design will not make you doubt whether trading can become a part of your life – you will know that it can if you wish.

One of the platform’s advantages is that traders can adapt it to their own liking:

••• Change the language: Vietnamese, Russian, English, Thai, Indonesian, Spanish (LATAM), Portuguese (Brazil), and Turkish are available;
••• Select how the chart is displayed: area (line), Japanese candlesticks, or HeikenAshi;
••• Set the color scheme to light or dark.

The technical settings are equally varied. Traders can:

••• Change chart time frames from 25 seconds to 1 month on the area chart and from 15 seconds to 60 minutes on the Japanese candlesticks and HeikenAshi;
••• Add indicators and oscillators to the chart to analyze it more accurately.

8.2.) Assets

The Olymp Trade platform is pretty versatile and allows to trade in a variety of key assets:

••• Foreign exchange market assets (currency pairs);
••• Assets of the stock market (stocks, bonds, indices, etc.);
••• Assets of the commodity market (gold, silver, oil, etc.);
••• Exchange assets of the cryptocurrency (Bitcoin is the most popular).

8.3.) Types of accounts

The platform offers 3 types of accounts: demo-account for a newbie, a standard account for everyone willing, and a VIP account with special privileges for more experienced traders. See a more detailed description in the table below:

8.4.) Depositing and withdrawal of money

Use any of the following ways to make a deposit:

••• Through E-wallets: Qiwi, Webmoney, Epayments, Neteller, Skrill, Yandex.Money, and Bitcoin;
••• Through Visa or Mastercard bank cards.

You can also withdraw money through the same payment systems.

Important: you can make a withdrawal only to the same e-wallet/card that you used to make a deposit. This rule enables the broker to guarantee payment security and protect traders’ funds from fraud.

The maximum withdrawal time is 3 business days, but the broker tries to process traders’ requests as quickly as possible. All operations are commission-free.

8.5.) Educational opportunities:

Never had a trading experience before? No worries. Olymp Trade offers a whole range of educational materials that will help improve your confidence – whether you are a complete beginner, or a trader seeking more in-depth expertise. At your disposal are:

••• Video tutorials
;••• Interactive courses;
••• Webinars
;••• Strategies developed by leading analysts.

Besides, the broker supports its customers in various social networks. Join the company Facebook page and YouTube channel to get access to all up-to-date information, extra educational content, daily analytics and articles with useful trading tips. Not to mention special contests offering bonuses and gifts for the lucky winners.

8.6.) Technical Support

Olymp Trade technical support department operates 24/7 – every day, around the clock, so be sure that your question will be answered by specialists promptly and at any time.

For English-speaking support, you can call on +357 25030996, write to [email protected] or ask your question in the online chat on Olymp Trade platform.

8.7.) Customer Reviews

You may find it useful to read some feedback from Olymp Trade customers.

Nobby Jackson describes his experience of binary options trading in this manner:

“As an amateur trader, I was overwhelmed by the number of binary options brokers. I, being an amateur trader, was looking for a broker which offered a quality way of learning how to trade and high payouts.

Olymp Trader offered both. My trading experience with Olymp Trade has been phenomenal. I am able to make a consistent profit and learn how to trade better.”

Steven Levitt, another amateur trader, puts his experience as follows:

“I love the way Olymp Trader has designed its trading platform. It is easy to use with simple navigation. The fact that you can do a lot of analysis using the website itself makes my trading very smooth.”

Bottom Line

Making an online income with binary options is a reality. And you will not have to sit long hours in front of the monitor in order to do that. Besides, it is totally affordable.

You may start with only a ten-dollar deposit, investing as little as 1 dollar in every trade before you gain more expertise and confidence.

Choosing a reliable broker is essential, and the Olymp Trade platform offers all the necessary facilities and transparency of trading.

The platform now has more than 6.5 million registered users with at least 20,000 traders actively trading each day.

You can easily join them and start utilizing the earning potential of financial markets while sitting at home.

What are Binary Options and How Do They Work?

What is a binary option?

A binary option is a financial instrument based on a simple yes or no question where the payoff is a fixed amount or nothing at all.

This means binary options offer defined risk and clear outcomes on every trade.

Each binary option trade starts with a question – will this market be above this price at this time? If the answer is yes, you can buy the option. If it’s no then you can sell the option.

The price of a binary is always between $0 and $100, and just like in other markets, there is a bid and ask price.

The binary options we offer are always built the same way. Each trade is easy to understand.

If you think about it, binary options reflect the way we think about things in our daily life. Things either happen or they don’t. With a binary option, payouts reflect that and are always all or nothing at expiration. You’ll find we like to keep trading simple.

You can also close a position early to lock in profits or limit losses.

As an active trader, we know you are busy scanning markets each day. You are dealing with complexity all the time. The last thing you need is to be slowed down with more complications and hard to understand details with a brokerage.

When you trade, we know you want to focus on the market and your position, not on a series of unnecessarily complicated products.

So we built an innovative full service exchange to trade binary options that lets you do just that.

How do binary options work?

There are three concepts to learning more about how binary options work; the underlying market, strike price and time to expiration.

Become familiar with those three concepts and you’ll understand the basics of binary options.

Let’s walk through the three parts of each binary option trade:

With binary options the amount you pay is the maximum you can lose. Because of that we say your risk is capped.

Maybe you don’t want to wait until expiration. You can place an order to close your position to limit loss or lock in profit early.

Along with offering clear outcomes and defined risk, we also designed our binary options to work in a way that offers unique leverage that enables opportunities to profit even from small market movements.

1 The first step is to pick the assets or event you want to trade. Each one is based on an underlying market and your trade is based on that underlying markets price movement.

2 Then you want to find a strike price that works for you. The strike is the price level you think the market will be above or below at expiration.

3 When opening a trade you will select an expiration day and time. The expiration is the moment of truth traders live for. This is when trading is over and the value of your binary option is determined.

How risky are binary options?

You always know your binary option risk reward ratio before you enter into a new trade. Your trade is fully paid for up front, which means you will never lose more than you pay. You always know exactly what you have at risk.

Trading also offers the opportunity to profit. Just like you know what you have at risk, you will enter each trade knowing your maximum potential reward.

We’re serious about helping you understand and limit your risk. Our goal is to let you define and understand it clearly and upfront on every trade.

It’s why we’ve worked to design and offer an innovative way to define and cap risk while also providing an affordable way to trade.

You can start with one contract at a time for less than $100, and decide your maximum risk and reward up front when you set up the trade.

Here’s how that works:

If you buy a binary option contract for $30, hoping to have it end at $100, your profit target is $70. This is $100 less your $30 investment. A loss would never be more than $30 no matter how much the market moves.

We think that hard to understand margin requirements, complicated fees and confusing payout structures can make trading riskier than it needs to be.

You can make those things part of your past by trading binary options with us.

How are binary options regulated in the US?

Binary options are legal and available to trade in the US only on a Commodity Futures Trading Commission (CFTC) regulated United States exchange.

We are a full service exchange located in the heart of Chicago’s financial district and we are regulated by the CFTC.

As the leading United States based binary options and spreads exchange, we are proud to say we are designated by the CFTC as a Designated Contract Market and Derivatives Clearing Organization.

What this means for you is we are a well-regulated and leading binary options exchange.

Our role as the leading US based binary options exchange is to match buyers and sellers in a fair, accurate and secure way.

That way you can trade multiple global markets with us from one account knowing your trades are fair and your money is safe.

Binary options trading example.

Let’s walk through a trade on the EUR/USD currency pair.

Here is how the outcomes work at expiration:

  1. If the market is at or below 1.1600 at 3AM ET the seller will get the $100 payout.
  2. But if the market is one tick or more above 1.1600, you get the full payout as the buyer.

If you don’t want to wait until expiration, you can close your position at the current market price. Your profit or loss in that case is the difference between your entry and exit prices.

Each binary option reflects a question. In this case, the question is, will EUR/USD be above 1.16?

We show that as EUR/USD > 1.1600

In this example, the option has 4 hours til expiration and it’s 11pm.

If you think EUR/USD is going to be above $1.16 at 3AM, then you would then buy the binary.

How do I trade binary options?

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How to Trade Nadex Binary Options in 6 Steps

  1. 1. Log on to Nadex platform. Sign up is simple and free, the minimum deposit is low at $250. Some US and most non-US applicants will need to verify their identity or residential address by sending in the required documents. This is meant to protect user’s account and to comply with AML/KYC rules.
  2. 2.Choose an asset. Use the Asset Finder tool in the left sidebar window. Assets are listed by asset class, asset and expiry.
  3. 3. Choose expiry. After clicking on your chosen asset class and asset expiry information will appear, click on your target expiry to.

Binary Options

What are binary options

A binary option is a type of option with a fixed payout in which you predict the outcome from two possible results. If your prediction is correct, you receive the agreed payout. If not, you lose your initial stake, and nothing more. It’s called ‘binary’ because there can be only two outcomes – win or lose.

Advantages of binary options trading

Aside from the simplicity of its ‘yes or no’ proposition, binary options trading is also very flexible. It gives you the ability to trade:

  • All markets

Trade on underlying markets that include Forex, indices, commodities, and more.

  • All market conditions

Predict market movement using up/down, touch/no touch, and in/out trade types.

  • All durations

Take a short-term or long-term view with trade durations from 10 seconds to 365 days.

  • All payouts

Earn payouts up to USD 50,000. Losses are limited to your initial stake and nothing more.

Why you should trade binary options with Binary.com

Enjoy an award-winning online trading platform with trading conditions that are ideal for new and experienced traders.

Award-winning online trading platform

  • Simple and intuitive
    Enjoy a trading platform that’s easy to navigate and use
  • Instant access
    Open an account and start trading in minutes
  • Available 24/7
    Trade when you want. Our Synthetic Indices are available even on weekends
  • Patented technology
    Trade with the industry pioneer and holder of a patented pricing technology
  • Security and privacy
    Trade confidently, knowing that your personal data, transactions, and funds are always secure

All conditions and durations

  • All markets and conditions
    Trade currencies, indices, commodities and more in rising, falling, sideways, quiet, and volatile markets
  • Short to long-term durations
    Choose timeframes from 10 seconds to 365 days

Competitive and transparent pricing

  • Sharp, benchmarked prices
    Receive prices that are benchmarked against interbank rates
  • Transparent risk and potential reward
    Know how much you will win or lose before you purchase the contract
  • Protect your profits
    Sell your long-term contracts before expiry to protect any profits you may have made or to minimise your losses
  • Two-way pricing
    Receive quotes for a trade and countertrade, so you always get unbiased, transparent rates

Ideal for new and experienced traders

  • Low minimum stakes
    Deposit as little as USD 5 to start trading
  • Trade according to your preferred strategy
    Trade based on “gut feel” or rely on technical and fundamental analysis
  • Flexible
    Choose from over one million possible trade variations at any time, and customise your trades according to your preferred strategy
  • Scalable
    Earn the same proportional return on stakes of all values

How to trade binary options

Binary options trading is relatively easy. You can purchase a contract in just three steps:

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Sign-up Bonus!

  • Binomo
    Binomo

    Trustful Broker!

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