Introduction to Binary Options
inary options is a relatively new way to trade within the financial markets. This type of trading was legalized in 2008 and its simplicity has attracted traders of different ages and personalities.
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Important Binary Options Terms to Remember
It’s highly essential for you to get familiarized with several terminologies and expressions before you start trading binary options. Fortunately, these terminologies are very easy to learn and remember.
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Option Types
More and more option types are now available for your convenience as a binary trader. However, these option varieties can really get confusing even if the basics have been explained in the broker’s website especially if you’re new to trading binary options.
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Asset Types
With binary options trading, you are not tied to just one type of asset. Its advantage over other trading instruments is that it allows investing on any asset which you are most comfortable with regardless of its classification thus giving you more trading opportunities and more potential profits.
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Trading Strategies For Beginners
The trend signal is one of the most known strategies that can be easily understood by beginners. With this strategy, you will be identifying candlesticks that will signify a return to a previous trend resulting from a correction.
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Fundamental Analysis
Fundamental analysis is the number one way to turn knowledge into profits. It is the process of determining the true value of tradable assets by examining the real world factors that affect companies, industries, indices and economies.
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What is Technical Analysis?
Technical analysis is the practice of using past price buttons to identify trend reversals at relatively early stage and using that information you can make profits off the markets.
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