Online binary options brokers, also called binary options trading platforms or binary options trading sites are part of a fairly new trend that’s been growing in importance recently. These services are a great choice for those who want to avoid dealing with large sums of money. Another major plus point is you won’t need the patience of a saint – outcomes can be a matter of minutes away. Trading binary options requires no particular experience or qualifications, anybody can give it a try. You would therefore be well-advised to get the low-down on the theory and practice of binary options trading before starting. Luckily for potential investors, plenty of trading internet sites feature very thorough information setting out the practical aspects of binary options trading. Binary options, also called digital options, essentially involve trying to guess how a given asset will perform, e.g what kind of movement will there be in an asset’s value. An accurate prediction, and the investor makes a profit, a forecast that’s wide of the mark, and they make a loss.
However, no matter the options being traded, there is always total transparency regarding potential losses or profits.
‘Assets’ cover everything from commodities such as gold, foreign currencies and stocks. Many trading platforms provide demo accounts useful for having ‘trial runs’.