The concept of binary option trading is very simple. As the name implies, there can only be two options. You choose an asset and predict one of two options like whether the price will go up or down, whether it will touch a certain value or not, whether it will fall within a prescribed range or not etc.
You invest money to back your choice. The closing time of the trade will be displayed to you. If your prediction comes true at the close of trade, you will be in the money and make a profit while if your prediction turns out to be wrong, you will be out of money or incur a loss.
The reasons to choose 24option trading
Why is 24option the most suitable binary option trader? The reasons are as follows:
- 24option trading is safe, secure, easy and comes with the promise of returns as high as 81%.
- The vast resource library, traders manual, e book as well as live news update makes 24option trading very user friendly and suitable even for the newcomers.
- One of the greatest advantages of 24option trading is the speed of transactions. Withdrawals are typically processed by three business days. You also get instantaneous customer support to clear up any doubts.
The process of 24option trading
Here are some facts that you should know about how to go about 24option trading:
- Visit the 24option website from your PC or mobile. It is completely web based and does not require any downloads.
- You will have to create a customer account with password when you set out to do 24option trading.
- If you are a novice, you would do well to use the free demo account to carry out a few practice runs at 24option trading with virtual money before you actually invest anything. It is also advisable to take advantage of the vast resources offered by this website to really educate yourself about the various aspects of binary option trading.
- When you are ready for 24option trading, you will need to make a deposit. The minimum initial deposit is $250 and you can pay in American dollar, Euro or pounds. Credit cards, wire transfers etc are accepted.
- With completion of deposit, you can start your 24option trading. There is a list of 34 assets including commodities, stocks, indices and currency pairs. Closing time of trade ranges from sixty seconds to the end of the day. You can choose from option like high/low or in/out and others.
- Every step is clearly displayed on the screen and this makes 24option trading very easy to follow. Once you make a profit, you can withdraw your funds using the same method that you used to make deposits. The requests are processed within five business days maximum and minimum withdrawal amount is $10.
So, you can now start 24option trading and make profits easily from the binary option trading market.