Trading binary options – what do I need to know?
Learning to trade binary options requires no prior knowledge and you don’t need an economics degree or even a high school degree to profit! 24option recommends that you learn how to analyze and understand market trends and has built an education center that is second-to-none in the binary options world. Complete with video tutorials, eBooks and webinars, you can begin your market education with 24option.
Understanding that global markets are volatile and can change frequently, familiarizing yourself with the basic trends of various markets can improve your market knowledge. Open signing up you can view our video library for free and learn various tips and strategies to improve your trading.
How do I trade binary options?
Trading binary options is simple and very straightforward. To start, simply choose an asset that you wish to invest in (for example, gold) and decide which direction you think the market price will go – either up or down. Enter the amount you wish to invest – anywhere from $24 to $50,000 – and decide when the investment should be made. For an immediate trade, click Buy. If you wish the trade to be completed only when certain requirements are met, click Order. It’s that simple!
Also note that when you enter the amount you wish to invest, the amount that you will earn if your investment is successful immediately appears on screen (as you type) so you know exactly how much you will earn. No surprises, complete transparency. This is trading binary options, you know your risk and your reward before you begin trading. For more valuable tips, read all the information available in our Binary Trading section.