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What You Need To Know About Binary Options

You should know that trading using binary options can be both exciting and fun. Also, you should know that some brokers out there tend to give out bonus pay to you if you choose this kind of trade option. Of course, there are things that you should know first before you choose the binary option trading. Having that in mind, this article will help you know more about the things that you have to consider when starting this kind of trade option.

What you need to know about bonus money

You should know that the broker can provide you the bonus pay, but that also means that you have the option of receiving the bonus or not. For example, you have already deposited money into your account for the trading. Considering that, you can receive the same amount from the broker which means that you now have more to keep your trade maintained. You might think that it’s so simple, but you should know that receiving the bonus just don’t happen like that. Receiving the bonus pay from the broker means that you will need to adhere to some rules and regulations. It’s a fact that many brokers out there won’t allow you to have the bonus pay unless you already did a certain amount of trades. Of course, if you don’t need the bonus pay, you have the option to not receive it at all from the broker.
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You should know that binary options are fixed return options
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If you want to know what you will get when you win the trade, then you should know that choosing the binary trade option is the ideal choice. In addition to that, you can also see what you’ll lose if your trade wasn’t successful. As for the brokers, they usually have 70 to 90 percent of fixed return rate for the successful trades. For example, if you have a 1000 dollar trade and win with an 80 percent return, then you will get 1800 dollars and the 800 being the profit. On the other hand, you’ll lose 1000 dollars if the trade wasn’t a success.

Binary Options Have Expiry Time And Strike Price

As a trader, you can pick the asset that you want to trade and then choose which direction it will go to. The call option is used to set the asset to the up direction and the put option means that the asset will go down. Since that only lasts for a certain time, the time will act as the strike price. The expiry time will be determined once the trade has been finished.