Best binary options
The abundance of choice sometimes confuses beginners, because it is not enough to just come to this market, make a deposit and start trading.
The desired success can be achieved by choosing only the best binary options, the best instruments and the best trading conditions.
This largely depends on your broker, but no one is stopping you from correctly choosing not only the company itself, but also the asset with which you will work in the future.
That is why, following these rules will increase the chances of success. Next, we will consider the selection criteria, based on which you can make the right choice.
By time
In the process of choosing a trading asset, it is very important to pay attention to what the option expiration offered by the broker is.
Many beginners make the mistake of choosing turbo options, thinking that their path to profit will be much shorter. However, if we analyze the types of options by time, scalping options are the most dangerous and unpredictable.
In terms of time, the most optimal options are the classic ones. They allow you to implement almost any strategy aimed at making a profit within the trading day.
Also, this type of option has an average return that is slightly lower than that of turbo options and at the same time greater than that of long-term options.
It is also necessary to pay attention to the fact that options are not very limited in time.
As a rule, fraudulent companies limit expiration, so the trader cannot choose a clear time, and instead only maneuvers with the proposed options.
It is necessary to avoid this kind of options, and give preference only to those whose expiration time is as much as possible under your control.
By assets
Your future success also largely depends on the choice of asset that you will constantly trade. Modern binary options brokers They offer a huge range of assets from almost all markets; you can trade stocks, currencies, and indices.
However, not all asset groups can be called the best, especially when it comes to trading by novice traders.
Thus, the stock market is considered to be one of the safest investment havens. However, in our case, when trading this type of asset, a number of difficulties may arise, because the activity of this type of asset is not very high volatility.
Therefore, options such as turbo and intraday are weakly effective, and long-term ones have either very low profitability or may be completely absent.
The situation with indices looks a little similar, but still some of them have enough activity to successfully compete with them with a short expiration time.
The best binary options for beginners are, of course, currency options. It is this type of options that is volatile enough to implement almost any strategy; moreover, the foreign exchange market has the highest news saturation.
Therefore, if you are a beginner or already have achievements in this market, be sure to pay attention to foreign exchange assets.
According to trading conditions
The best option is options, the profit from which has the highest percentage and at the same time the amount of trading commissions is at a minimum. How comfortable your trading will be directly depends on the trading conditions.
Firstly, when choosing a broker and asset group, it is important to pay attention to the return on profit percentage. It should be at least eighty percent, and if we talk about the so-called quick options, the return profit should reach 90 percent.
In addition, the percentage of compensation that is paid as a result of a loss also plays an important role; unfortunately, this figure rarely exceeds 15%.
Also, despite the fact that the profit on an option can be dynamic and constantly change, it should not exceed reasonable corridors.
If you observe a pattern in which there is a sharp decrease in option payments, despite the fact that the asset is popular, the company itself is most likely playing against you.
It is important to pay attention to the trading platform. The fact is that no matter how lucky you are, you cannot do without using special strategies, indicators and tools. Therefore, not only should the platform not fail, but its functionality should be truly rich.
Since most classic binary options brokers are far from being the best, due to their dubious reputation, we recommend trading through trusted forex brokers, who also have the opportunity to trade truly the best binary options.