What is Binary Option?  

At a time when the global financial crisis was severe, in 2008, new financial instruments began to appear, empowering traders. Ordinary options have a rather complex structure, binary options are their extremely simplified version.

Binary Options is an option that determines the end result in terms of 0 or 1.

In other words, it is a financial instrument with fast transaction conditions in which the trader predicts one of the market behavior of options in relation to the underlying asset: either the asset grows or falls within a certain period. At the same time, a successful forecast gives the trader the opportunity to return the invested amount and, accordingly, the profit. Accordingly, an unsuccessful forecast entails a complete loss of investment.

When we talk about trading binary versions, this implies that this is a kind of bet that entails a bet on the outcome of an event. The outcome of this event can either win or lose, depending on how you bet. This is one of the most popular online games that can be accessed by most of us almost anywhere on the World Wide Web.

First, let's understand what binary options trading is. This investment works in a very simple way. A typical binary options algorithm looks like this:

  • you choose an asset (for example, the price of a company's stock, gold, dollar rate, or something else);
  • specify the expiration time (the time of the end of your trade);
  • select the amount for which you buy the option;
  • you can now place your bet.

Example: it is now 10:00, you are betting that gold will rise in price by 12:00. Your bet is 100. If at 12:00 the value has increased by at least 1 point, you win. Your profitability will be from 60 to 85%. It doesn't matter how much the price fluctuated from 10:00 to 12:00. It is important that after the expiration date (12:00) there are more. If the price goes down, you will lose everything.

Binary options - the choice is yours
Binary options - the choice is yours

There are several types of binary options, but they all revolve around whether you can guess the prices at a specific time. Here are some of the main types of binary options:

  • Call (up-down) as described in the example, choose whether the price will be reduced or reduced.
  • Click. There is a certain range in which the price moves. The trader must predict if the price chart will cross its upper or lower bar.
  • Express. When the rate is placed on several assets at once.
  • Dissemination. Not only are you betting that the price will be above or below a certain value, but that value will be specific. For example, in 40 minutes the price will be 15 points higher than the current level.
  • Range. After the expiration date, the price must close in the selected range.

As you can see, there are other types, they are similar to each other.

Once again, since these are online games, it can be helpful if you do your research on potential brokers. It is very important that the company or person you choose is trusted. You don't want to risk your money for someone who won't be there when you want to. Our online brokerage platform is completely secure, regulated, and you can be confident in your assets when you register with us.

If you are dealing with binary options, you need to learn how to manage risk. You cannot know if you have a good offer unless you know how to interpret the current price movement. Most people trading binary versions do not understand that you need to have some kind of plan and risk management strategy before you start betting. This means that you will need to know the expiration time.

Simply put, expiration is the termination of fixed-term contracts and mutual settlement of the parties in accordance with their terms.

Also tell yourself how much you are willing to lose before opening a trade. That is, set yourself a threshold when you stop, so as not to lose all your assets. This will be your mini strategy to start with. Then, as you dive deeper into the business, you will learn about the new environment and learn to understand the market. As with any market, there are always winners and losers, but what makes trading good is that everyone has a chance.

Choose your binary options strategy
Choose your binary options strategy

How does a binary option work? 

One of the important features of binary options is that you can make a profit several times a day. As a rule, newbies conclude dozens or even hundreds of trades per day with an interval of one minute. However, this is a rather gross mistake and risk.

Experienced traders stick with the fact that there are usually only a few really good signals to enter the market per day. But even that is enough to get tangible profits.

Speaking about the advantages of binary options over other trading instruments, it should be noted:

  • for relief, you only need to predict how the asset will close after a certain time;
  • accessibility for understanding the principles of the instrument and absolute transparency of transactions;
  • all that a trader needs to take into account at the main stages of trading is only the market rate of the asset at which he buys the option;
  • limited risk and fixed profit (known in advance). Thus, you will not lose or win more than your contract suggests;
  • binary options are easily adaptable to most assets and, accordingly, to general trading strategies and approaches to trading.

In addition, the ability to conclude a large number of short-term contracts for various assets allows the trader to conclude transactions 24 hours a day, five days a week.

It is extremely important to know the truth that there is no perfect approach to binary options. Sometimes some strategies work better than others, and then vice versa. It is ideal to start experimenting with your own binary options strategies before you decide to use one strategy. Once you find that a great binary options approach is right for you, stick with it. Changing your approach to binary choice will only result in a loss of money.

We advise you to gain experience with binary options and try out strategies based on our platform. In particular, here you can open a demo account and try yourself as a trader without risking your own assets, you will use virtual ones.

Popular indicators for chart analysis
Popular indicators for chart analysis

There is always risk in any binary options trading. But if you follow your strategy and don't get too greedy, you will end up making quite a lot of money. The way a binary option works is that you are probably betting one amount against another. The idea is that you will make money if you choose the right binary trading choice at the right time.

Option duration is also part of the strategy, long and short term options are also available for many assets, allowing you to choose a specific time frame for yourself. Thus, you can open a deal for up to a month or up to 60 seconds, the choice is yours. Most often, intraday trades are called short-term. For a long term from 1 day or more.

The reason many traders are interested in binary choice is because it opens up all the possibilities for you when you are just starting out. If you understand how binary options trading works, you will have the opportunity to place almost any trade you want. They even bet on the weather! Thanks to this, you also have a lot of room for imagination. You can never predict exactly which direction binary options trading will go, but you can use binary alternatives just in case. For example, if you're not sure if a particular trade would be a good choice, you can bet something low so you don't get stuck in it if things go differently.

How to start trading binary options in the UAE? 

The desire to deal with binary options in the UAE is visited by many newcomers to the market. It can actually be quite simple. After all, there are many brokers in the market today. In particular, an account with an online broker is a popular trading method in the market. These accounts are offered by our platform.

Registrating on the investing platform
Registrating on the investing platform

In order to open an account, you need to go through a simple registration procedure, it is free. Then you will have access to convenient tools for working on our platform and learning. You can go through video tutorials, if you want, and you can also use the 24-hour support service on the hotline, get acquainted with answers to frequently asked questions and much more.

This kind of trading through an online platform opens up some possibilities for you. You can trade anytime, anywhere, get the latest market information and use trading tools. By opening an account, you will learn how the platform works and gain experience in interpreting data in order to make more profitable transactions in the future.

Opening a demo account gives you the opportunity to test a trade without the risk of losing money. 

To open a demo account, all you need is a laptop with internet connection, personal details and an active bank account in the UAE. A demo account will allow you to practice trading strategies without working with real money. The program will allow you to see how the market behaves when you make your own trades. This means that you can learn to effectively predict where the market will go before it happens, so you can trade accordingly.

We will give you $10,000. With this amount, you do not risk your money, but you will not be able to withdraw profit either, this is virtual money on a demo account.

How to open account
How to open account

When you feel like you are ready to open a real account, you can open it with a small amount. We offer you a low deposit threshold of $10. This amount is perfect for starting binary options trading. It is always advisable to be aware of the different transaction sizes. This will allow you to start a small trade while you wait for the transition to larger binary options trades.

Finally, when you learn how to start trading binary options in the UAE, it is important to take risks, but in small amounts. The more you trade, the more experienced you become. The secret is to maximize impact while minimizing waste. With proper risk management, you can increase the likelihood of making a profit while reducing your losses.

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