Binary and Forex
When you are choosing your first binary options broker there are several things to take in to consideration. Sure, in the beginning you might feel like anything will do, but you might as well start off at a good one as it will make the beginning of your journey much easier and also you won’t have to go through the whole registration process again if you decide that the first one you chose wasn’t good enough. Naturally, when you are new to trading it won’t be easy to know what to look for in a binary broker, so that’s why I’ve decided to give you these tips.
First you need to make sure that the binary broker you’re looking at is a registered broker, meaning that the government is regulating it and that it is a safe environment to trade in. I’m sure you’ve heard about forex and binary scams before, and by looking up the license number of a broker you can ensure yourself that their business is legit. The easiest way to find good, reliable and licensed brokers is by visiting websites like binaryoptions.pm, which has a ton of reviews over binary brokers and pretty much everything else you need to know in order to trade binary options.
When you’ve made sure that the broker you’re looking at is licensed, it’s time to look up some other features. I would warmly recommend you choose a broker which has an education center. This means that the broker itself offers you a lot of useful information for both new and experienced traders in the form of articles, webinars and eBooks. The education centers will be available to anyone who opens an account with the broker.
I would also recommend that you choose a broker which has put a lot of effort in to putting up a large selection of assets to choose from. Make sure that they offer indices, stock, commodities as well as currencies. Although you might think you won’t need such a large selection at first, you will soon realize that when you start to “get” trading, you will soon want to start experimenting with trades that are more obscure and unknown than the most popular ones.
Finally, choose a broker with good promotions. Some brokers offers deposit bonuses and protection loss covers, which means that you will always get a part of your investment back even though you might lose the trade. You can find a ton of good brokers offering good promotions at opcionesbinarias.pm, where you can also find several strategies on trading as well as information on where to open a opciones binarias cuenta demo!
As an avid online gambler I have always been involved in different types of gambling on the internet, ever since I found out about it. I’ve been playing casino games, online poker, sports betting and everything else in between for over seven years, and I have loved every minute of it. It’s something about the thrill you get from putting money on the line and not being sure you will get it back again, or if you will win big and get some well needed extra money.
A few weeks ago a friend of mine, who has been gambling for as long as I have, that he had found a new exciting way of betting money online. I’m always up for trying something new so I wondered what it was. When he said he had started trading on the forex market, I became a bit suspicious however. Is that really gambling? Well, he explained to me that it’s not traditional gambling per se, and many people relate to trading as something you do to make money. However, forex trading offers the same kind of excitement that you would get from any other form of gambling. You can never be sure if you are going to win or lose your trades, but you do however have a great opportunity to predict the outcome of your trades by analyzing the market properly.
All this might seem a bit hard at first… I know it did for me! The fact is that forex trading is very simple to learn, and that’s what I like about it. I started of by visiting a beginners site for forex traders called forextrading.pm, where you can find forex rates, trading systems, strategies and reviews over a large selection of online forex brokers. After reading through a few of the articles on their site I felt comfortable enough to open an account at a broker.
I started of just trading for play money, which means I didn’t have to risk any of my own money while I was learning the trading games. I found a great place that showed a list over several brokers offering the demo account features at Cambiar Devisas. It didn’t take me too long to get the hang of what it was all about. I started reading the financial sections of the newspaper to get an idea of what type of currencies would be interesting to invest in as well as articles I found here and there on the internet.
As soon as I started to notice that I was doing well with my play money and started to gain profit, I decided to make a deposit and start to trade for real. A good thing about forex trading is that it doesn’t have to cost a fortune! I simply deposited $200 my first time, and then gradually let it grow!