In this section you will learn how to profit on binary options. We will also discuss the technical questions concerning registration of a trading account, account verification, and profit withdrawals via different payment options.
These instructions for beginners will describe the important aspects of binary options trading in an easy and understandable way.
Let’s begin with registration of your trading account. In order to open an account with a broker you will have to fill out the registration form on their website. It is important to use a valid email address, since it will be used by the broker to send you important information, current offers, and – what’s the most important – when you will withdraw money, the broker will use this address to email you the information concerning the progress of your withdrawal order.
We have chosen the Opteck platform as an example – and this choice has several reasons:
The platform is regulated by CySEC (Cyprus Security and Exchange Commission)
It features a DEMO-account
High percent of successful withdrawals: up to 100%
A huge number of FREE educational materials
Daily market reviews available for every active trader
Loss reimbursement up to 15%
The registration page is typical and looks like this:
Now, after the registration, we will need positive account balance to start trading, that’s why we go to the section “Banking” > “Deposit”.
Specify the amount you would like to deposit to your account and choose your payment method. There are 2 options available:
This option works as a standard electronic payment. Provide your credit card’s 16-digit number, its expiry date, cardholder name and the 3-digit security code (CVV) from the back side of the card. That’s it – you can refill your account!
On this page you have to specify the payment amount and method. Then you will be automatically transferred to your e-wallet’s webpage, were you’ll have to provide your identification data and deposit your account.
Attention! The automatic transfer to the e-wallet’s webpage will take place in a pop-up window. Please make sure this function is not disabled in your browser!
Then you can enter your personal cabinet and access the trading platform. Here you can trade the following types of options: «above-below», «one-touch», «range», «custom». «Above-below» is the main option type, while all the other ones derive from it. In the terminal you will find the price chart and the list of equities available for trading.
You can earn on the binary options if you know in which direction the price is going to change. To make your binary options trading profitable, you should consider the trading conditions. If the condition is fulfilled, the trader gets a profit that was known from the outset; if the condition is not fulfilled, the result is zero. So the trader’s task is to define the price change direction using any means available (the combination of analysis methods and strategies is called a trading system). When you buy an option for a given direction, its condition can be fulfilled or not fulfilled, leaving you with a fixed profit or nothing, respectively.
If your trading was successful and you want to withdraw your profits, go to the “Banking” > “Withdrawals” section. The withdrawal page looks like this:
After the money is set for withdrawal, you will get an email request for verification of your trading account, which is necessary to complete the registration process and enable withdrawals.
Now when you’ve learned how to make money on binary options, it’s time to try it yourself! All the more, you can find all the necessary information on our website. You can always contact us via live chat if something is still not clear. Stay lucky!