Tutorial for Binary Options Trading

Binary Options trading is gaining more attention these days because it is simple and straightforward. You can get your returns in a shorter period of time and as you put in your trade, you will be able to find out right away the amount of money that you can possible get from the trade. It does not involve too much decision making as there are only two options that you will need to choose from. So are you ready to get started? Here is a step-by-step guide for doing your Binary Options trading.

Open your trading account

Before you can start trading, you must be registered on a Binary Options website. So head on to the site that you want to join and set up an account with them. You can either use a real account or you can start out with a demo account to practice with.

Select your asset

After creating your account, you will be able to start trading right away. The process will be the same for demo and real accounts. Choose the market that you want to join. Select from stocks, indices, commodities or currencies. Once you have selected a trading market, choose a specific asset. It would be advisable for beginners to start with something they are familiar with. Trading binary options for currency pairs would be the best option to start with for a Forex trader. Once you get the hang of it, you can start selecting assets from different markets.

Choose the direction of the option

Choosing the direction of the asset’s price will be your next step. Will it go up or down? If you want to increase the chance of success, you might want to read up on any articles that might help you make the decision.

Choose the expiry time for your option

Expiry time can vary from just a few minutes to a month. Choose when the option will expire.

Buy the option you have chosen

At this point of time, you have already selected your asset, the direction it will go and when it will expire. So the next step is to choose the type of option that you want to trade. Three of the major options are as follows:

  • Digital options – will the price go up or down by the expiration time? If you think it’ll go up then select call otherwise select Put.
  • Touch Option – you will need to decide if the asset’s price will reach a price before the option expires.
  • Range Options – this where you will have to determine if the asset’s price will be inside or outside the range when the option expires.

Setting the amount

The last thing you need to do is select the amount of money that you will be investing on this option. It is possible to trade for as little as $10 and you can go all the way up to $5000. Successful traders buy various options though as they trade.

The waiting game

Now you just need to sit back and wait for your option’s expiration. If the trade happens to end up in-the-money, then you will get your investment back and an additional return for making the right guess.



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The Dangers of Investing For The First Time

The Dangers of Investing For The First Time
The internet has made investing much more convenient as of late. There are still investors that wish to see their investment where it is actually taking place, but with online discount brokerages popping out recently, just anyone that has a bank account and Internet connection can begin trading stocks in just a week. Having such convenient access is great in many ways as it gives encouragement to people who are interested in exploring more about investing for their future. This is not only limited to people who are interested in investing, but it is also educating people that they should invest now so that they can secure their future. This way people will have to depend less on money managers or mutual funds and making them more aware of how they can maximize their investment. But beginners commit the most common mistakes in investing in stocks, which is why it is important for every beginner to familiarize these mistakes and even them prior to choosing stocks.


Because of how social media has given out encouragement to people to ‘strike the iron while it’s hot,’ this does not mean you have to jump in head first into investing stocks. The basics of stock investing or any other kind of trade is very simple, which is to buy low and then sell high. But when it comes to practice, you need to familiarize and understand what is high and what is low in the market. This is the market is an almost unpredictable that by doing a wrong move, you will lose a lot. Everything depends on the various readings from different metrics and rations. In any transaction, the seller considers it low when it is high – you can draw conclusions or more information from the market for this. Because the market’s nature is relative, it is always important that you study the basics of stock investment before you jump into it.



The very basics of stock investing is its metrics, such as the price-earnings ratio (P/E), dividend yield, book value and much more. Each of these basic metrics has its own corresponding processes and see to it that you know how each of them are calculated and take note of their major weaknesses. During your time of learning, you will be able to see how the conclusions work out through the use of virtual mony within the stock simulator. It is highly likely that you will find the complexity of the market and how it can be confusing at first compared to how to express a few ratios. But it is essential that you learn these and test it out through a demo account. This will help lead you to a higher level of study.



It is equally important to observe metrics like the P/E and book value as it is crucial for value investing. Get yourself acquainted with the must-have metrics usable for value investing, which are price-to-earnings ration, price-to-book ratio, debt-equity, free cash flow and PEG ratio. You need to study each of these to get a better understanding of the basics.
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Making Money With Binary Options Trading

Isn’t it obvious that what led you here is to learn more about how you can gain significant amount of profits from binary options trading? If you have been led here from other topics about binary options, what is stopping you from starting your trade? This is probably due to the reputation that a binary option has gotten recently, but no matter. Rather than mope over the rumors and stopping your chance to start your trade, learn more about how you can make money in trading through binary options.


Diversifying The Trades
You will not be learning all about the basics here. What you will learn here are points to remember when you start trading binary options. Since you will be registering to an account that can make you start your trade, you must first find a broker or site that gives a lot of benefits to their customers. One of these benefits is the flexibility to put up a huge number of various trades in binary options. This is actually very important since there are sites that limit your trade. You are only given access to the trades unless you have followed the rules, which is kind of restricting to your abilities. There is nothing wrong with these sites. They are not even illegal. It is just that it limits your ability to gather more opportunities in creating more profits. If you are an adventurous type, head for the site that offers great flexibility with trading. Also, it gives you the opportunity to choose the type of binary options you wish to trade in.


Bonuses Experts will tell you to look for sites that favor their customers by giving them bonuses. Bonuses are given from time to time, but it is only so when the customer is qualified for it. This is also a part of the strategies that binary option traders always take advantage of – welcome bonuses and Re-deposit bonuses, to name a few. It easily gives you a lot of opportunities to gain extra profits, especially when you get the hang of how these bonuses are given to customers. This is highly beneficial for new traders of binary options. They need to include maximizing the bonuses they receive into their strategy so that they can get the timing right on when they can get these bonuses. Never rush your decision in this. It will take time for you to come up with a good strategy using the bonuses you receive. They are known to increase your chances of winning trades!


Forex Trading
This is one type of binary options trading that has taken an interest among traders. This is pairing two different major currencies against each other. This is highly advantageous to those who have traded with currencies prior to joining binary options trading since they already have a good idea how the currency market behaves. Still, it is a volatile trade and will need a lot of consideration on your side if you wish to start trading with forex and currencies.


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5 Major Benefits of Investing Money

Many of us know intuitively that it’s wise to invest money, in order to secure a better future for us and our family. However, we often hesitate to get the ball rolling for various reasons. Conventional wisdom is that it’s best to start investing as soon as possible, and when possible decades before retirement. While there are several benefits of investing funds for the future, here are some of the most critical ones:


1. Quick turnaround
While many investments are long-term, there are others that can actually provide returns in minutes. That being said, it’s important to realize that returns and profits can take months or even years, so you usually you shouldn’t expect them soon after making your investments. However, through some types of investments, you can definitely see results in mere minutes, hours or days. Always consider the risk-reward factor though, so you don’t risk too much trying to get a fast return.

2. Retirement security

Today, families are relying increasingly less on their future pension and social security checks to support them after retirement. In fact, it’s highly likely that such sources of income will only function as supplementary income. This highlights the importance of investing money in order to prepare for your future. It could be in the form of stocks, bonds, mutual funds, etc. What’s most important is that you take all the measures necessary in order to prepare for your retirement. And as a side note, keep in mind that life expectancies in modern times tend to increase, so you’ll likely need retirement funds for longer than 10 years.

3. Big expenses
Some people invest because down the road they’ll need the extra money for expensive goods and services, such as a new house or car, or a college education or wedding. One of the best ways to prepare for these objects and events is by investing money years or even decades before you need it. The sooner you start investing, the sooner you can save up the money you need. Always remember that there’s risk involved, so experiencing certain setbacks could actually wipe out all your initial savings for the goods or services.


4. Generate income
This is easily one of the most important results of investing money. Whether you’re planning to buy a big ticket item, save for your child’s college education, or prepare for your own retirement, investing is one of the best ways to generate income. It’s not the only one, but in terms of the possible returns, it’s definitely one of the wisest choices.

5. Living on the edge Although this is arguably not a good reason to invest money, many people simply like the fact that certain types of investments such as stocks can be thrilling to watch, especially with your money invested in them. In a sense, you should certainly be interested and engaged when making investments, as that can help you to make better investments. However, remember that you’ll be investing real money, so it’s highly advisable to focus on the actual investing as a way to prepare for the future. There are many good brokers out there for this sort of thing, but checking out this 24Option Scam review might be the best option before you make a choice.

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Golden Rules in Improving Your Financial Status

According to Confucius, “the ability to distinguish between right and wrong is the basis of zhi.” The ultimate goal of “zhi” is wisdom, which is always used in deciding on how to use the available resources leading to an increase in one’s financial state.

What is financial status? Financial status refers to the assets and liabilities of a person, which is usually reflected on his financial statement. It also involves on how you manage and plan your money for the future.
All of the financial decisions and activities of a person has an effect on his financial status later on. We are often advised by our parents to avoid buying things that costs more than half of our monthly salary. Or we should always save at least 10% of our monthly income. While many of us find it hard to save due to our current lifestyle, there are some people who have tried and have successfully increased their financial state.


So, how did they do it?
Here are some of the finance rules that can help get you on track to achieve your financial goals:
Net Worth and Budget

Money comes in and goes out. We should evaluate on how our finances come in and how it goes out. We should calculate the difference between what we own and what we owe. “What we Own” represents our assets and “What we Owe” represents our liabilities. Moreover, we need check on a regular basis the common things that we usually spend our money on. From this, we can create our monthly budget. We should also take into consideration that the categories that are included in our budget changes over time depending on the situation. For example, medical expenses due to sudden illness.

Furthermore, it will be helpful for you to list your budget categories in a clean sheet of paper. Example categories to be used are the following: Transportation (gases/ taxis/ subway/ toll free), Utilities (phone/ electric/ water bills), Savings, Personal (clothing/ hair care/ gym), Housing (rent or mortgage), Food, Medical Expenses, etc.

1209_accountant_485x340Lifestyle Expenses
It is said that the more money a person has, the more he spends. As people advance in their careers and earn higher salaries, they tend to increase their spending habits. We should keep in mind that spending more than what we need could hurt our future financial status. We need to keep our financial desire lie low and instead focus on saving more. It takes a lot of disciple to do this but once we surpass this financial test; we will be able to improve the quality of our life later on including our future children.

Spend Mindfully

We need to label accurately our expenses. We need to categorize them either as our needs or wants. To help you draw a line between the two. Needs refers to the things that we cannot survive without: e.g. food, shelter, clothing, healthcare and transportation. While wants refers to the things that you would like to have but you don’t need for survival. For example, new tech gadgets, make-ups, etc.


Save Early

As early as now, we need to start saving for our retirement and for our future emergency funds. It is never too late to save as long as you have the desire and discipline to do it. Using this finance rules-of-thumb can be an excellent tool for achieving financial success. However, it is important to build a healthy financial habit that will help you make better financial choices, leading to a better financial status.

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