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Is Binary.com a successful trading platform?

If you are looking for a profitable solution, Binary.com is one of them. It is a famous and popular trading broker, especially for beginner’s traders. In most cases, traders seek a safe trading platform that offers a sophisticated trading environment without scamming them.

By including binary.com on your most definitive list, you could spend a tension-free evening.

See, you will get a seamless trading experience spending only 10 dollars initially. The minimum deposit amount is widely accepted by many traders who are just planning to start with little or no trading knowledge.

Apart from the deposit amount, other features make this trading platform incredible.

Let’s look at this article to see how to trade with Binary.com successfully.

 

Why Choose Binary.com?

Binary.com is the oldest trading broker, especially for binary traders. Multiple regulatory bodies regulate the broker platform. So, your investment amount is undoubtedly safe and secure than other brokers.

Their platform offers excellent payouts, mobile trading, multiple types of trades, and a variety of payment methods for funding your account, and have mentioned all of this in this binary.com review.

Additionally, with Binary.com, you can trade on financial markets by using binary options and CFDs. The provider has won numerous awards for its services.

By using Binary.com as your broker, you’ll understand the risks and rewards of each trade before you purchase it. If you have earned profits or minimized losses, you can sell your option before expiry.

And this is also a great opportunity for traders to count.

Even in this review, they listed hundreds of reasons why binary.com is the best option for new and professional traders.

 

How To Trade With Binary.com

Binary.com provides an innovative trading platform that is unlike any other on the web. In this section, we walk you through the steps of creating a trade.

Suppose you choose to open an account with binary.com. You will find a dashboard that shows traders the market movement according to price fluctuation. Your selected asset pair is AUD/JPY, and trade type is Rise/Fall – price information is alongside.

 

There are then ‘Purchase’ buttons on the right to open a contract.

  • Higher – For this trade to succeed, the exit price or closing price must be higher than the entry price or starting price.
  • Lower – In order to make a profit, the exit price must be lower than the entry price.

The closing price is the price at the point the contract expires. The duration setting dictates this – this can be set to ticks, minutes, hours, or days.

The trade can be opened either way, with a duration of your choice once it has been set up as required. Contracts remain open until expiration once purchased.

Depending on the volatility and other price influences, payouts may vary.

 

Is Binary.com Platform Best For Day Trading?

You all know that day trading is another form of short-term trading that allows traders to trade with a small investment. Several trades can be opened at once, which must be closed before the market closes.

Binary.com provides an ideal platform for day trading. The expiry time for binary options can be as short as one minutes. However, not all brokers allow you to Thee with a short expiry time. Additionally, the high returns offered by trading binaries help justify the trading risks involved.

Their website clearly mentioned that Binary trading is not suitable for everyone. Though it’s a simple trading form, you need to know the basic steps before jumping with your money.

There is a high level of risk when trading CFDs since leverage can work both to your advantage and disadvantage.

Thus, because of the risk of losing all of your investment capital, the products offered on the site may not be suitable for all investors. Remember, you should not invest money that you cannot afford to lose. At the same time, never trade with borrowed money.

Before trading in the complex products offered, please be sure to understand the risks involved

 

Does This Broker Accept US Traders?

According to the USA rule, the government does not accept any offshore brokers to perform their service. And trading with offshore brokers is also prohibited for traders.

So, the answer is definitely, No. At present, Binary.com does not accept traders based in the US.

 

Is Deriv An Alternative To Binary.com?

Deriv is a rebranding of Binary.com. The same company also operates Deriv. Deriv platform has introduced many new features for traders who want to get the best outcome within a very limited time. However, it does not mean that you will get a million-dollar profit in just one day.

On the other hand, traders want a bigger payout ratio. Yes, deriv offers a maximum payout. Read Deriv review and Know more about the broker

 

How Does One Trade Successfully With Binary.Com?

 

Before you place a trade, you know exactly how much you stand to gain if your prediction is correct, usually 70-95% – if you invest $100, you will receive a credit of $170 – $195 on a successful trade. It simplifies risk management and trading decisions.

Ultimately, it’s either you win all, or you lose all – there’s no in-between.

 

Let’s provide you with practical recommendations:

Start from basic self-education. Trading education is a must for traders. Your goal is to understand how binary options work and the most profitable related strategies.

  • Get an account on a broker service
  • Practice trading on a demo account. Sharpen your strategy and skills with virtual money. Binary.com allows traders to trade on demo without funding or opening a real account.
  • Ensure your personal strategy is adequate before switching to a real profile.
  • Make the first trade. Never risk more than 5% of your budget. In some cases, experienced traders suggest risking only 2%. You may want to return to demo trading and improve your strategy if you notice that your results are not positive after a few deals.
  • Invest your time studying one asset at a time for a start. You will find a wide range of trading assets with the payout percentage. Do not go for all.
  • Take advantage of a variety of information sources: charts, expert forecasts, news, trading signals. Do not forget about the economic calendar—the heart of a trader.
  • Try different types of binary options later.

 

Final Words

Binary options trading can be successful even if you do not have much money. The key is to invest a lot of time into education, research, and market analysis and keep your risks to a minimum by sticking to smaller trades.

To read more articles visit ArticlesFit.

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