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Forex Binary Options Trading With Opteck - An Overview
Forex Binary Options Available On The Opteck Trading Platform
Opteck offers up all the most popular Forex binary options for trading on their platform. They also offer the highest payouts of any binary options broker on their forex binary options. Most trades involving Forex binary options at Opteck will have return rates of around 80-85%!!! This compares very favorably to the average of around 75% for other brokers offering Forex binary options trading.
The Following Forex binary options are available at Opteck:
EUR/USD
AUD/USD
USD/CAD
USD/CHF
EUR/GBP
GBP/USD
***With More Coming Soon***
EUR/USD
AUD/USD
USD/CAD
USD/CHF
EUR/GBP
GBP/USD
***With More Coming Soon***
Forex Binary Options Trading Advantages
This variety of binary options are also sometimes referred to as forex fixed return options, or forex FROs. The advantages to trading with forex binary options as opposed to directly trading the forex currency pairs are numerous.
Trading in Forex binary options at Opteck is considerably less complex as compared to conventional Forex trading directly on the currency pairs themselves. Regular "vanilla" options on forex currency pairs can also be quite complex to trade properly and profitably. The simplicity of trading Forex binary options is probably their main advantage and draw as an alternative to other forms of trading the currency markets. There are no commissions on trades to complicate your profit/loss calculations and you do not have to concern yourself with learning about leverage and how to use it properly. All a trader needs to do is choose their preferred currency pair, the desired investment amount, the expiration time, and whether the chosen asset will rise or fall in that time frame. You don't even have to worry about how much the asset will move as it has no effect at all on your returns. A one pip "in-the-money" finish results in the very same high returns as a finish of 100 pips "in-the-money." Many traders also feel that they have much more flexibility with Forex binary options than with regular forex trading.
Possibly the second biggest advantage to trading Forex binary options is that you can get started right away with low initial investments. Most traditional Forex brokers recommend or even require that you start with at least $1000, with $5000 being more common and more reasonable if you expect to trade profitably. Attempting to trade regular Forex with amounts less than this will almost certainly result in a total loss eventually as it is simply not enough to ride out the ups and downs of the market. Not so with Forex binary options with which you can get started with only a few hundred dollars and still be profitable trading with that relatively modest initial investment. And for individual trades investment amounts can be as little as $25 per forex binary options contract! Of course, trading anything profitably is not "easy" and you will need to know your markets and practice good money management techniques. Following these simple guidelines, however, one can start seeing profitable results in a matter of hours or days after beginning your Forex binary options trading at Opteck.
Trading in Forex binary options at Opteck is considerably less complex as compared to conventional Forex trading directly on the currency pairs themselves. Regular "vanilla" options on forex currency pairs can also be quite complex to trade properly and profitably. The simplicity of trading Forex binary options is probably their main advantage and draw as an alternative to other forms of trading the currency markets. There are no commissions on trades to complicate your profit/loss calculations and you do not have to concern yourself with learning about leverage and how to use it properly. All a trader needs to do is choose their preferred currency pair, the desired investment amount, the expiration time, and whether the chosen asset will rise or fall in that time frame. You don't even have to worry about how much the asset will move as it has no effect at all on your returns. A one pip "in-the-money" finish results in the very same high returns as a finish of 100 pips "in-the-money." Many traders also feel that they have much more flexibility with Forex binary options than with regular forex trading.
Possibly the second biggest advantage to trading Forex binary options is that you can get started right away with low initial investments. Most traditional Forex brokers recommend or even require that you start with at least $1000, with $5000 being more common and more reasonable if you expect to trade profitably. Attempting to trade regular Forex with amounts less than this will almost certainly result in a total loss eventually as it is simply not enough to ride out the ups and downs of the market. Not so with Forex binary options with which you can get started with only a few hundred dollars and still be profitable trading with that relatively modest initial investment. And for individual trades investment amounts can be as little as $25 per forex binary options contract! Of course, trading anything profitably is not "easy" and you will need to know your markets and practice good money management techniques. Following these simple guidelines, however, one can start seeing profitable results in a matter of hours or days after beginning your Forex binary options trading at Opteck.
Forex Binary Options Trading Strategies - The Basics
The first step to trading Forex binary options is choosing your asset. It is always highly recommended that you base your trades upon assets with which you are most familiar. For example if you follow US and European markets most closely then you may want to concentrate your effort and trading on the EUR/USD Forex binary options at Opteck. And for less experienced traders it is also recommended that you stick to the major currency pairs involving the USD as one-half of the "pair."
Some basic strategies for trading Forex binary options include trading on strong trends, trading on reversals near support and resistance, and trading news events which is also known as "event-driven" forex binary options trading.
Some basic strategies for trading Forex binary options include trading on strong trends, trading on reversals near support and resistance, and trading news events which is also known as "event-driven" forex binary options trading.
