Binary Options Trading is a new type of trading. It has some advantages and also it has some disadvantages. In this short post, I am going to explain the advantages and the disadvantages of Binary Options Trading.
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Advantages and disadvantages of Binary Options Trading:
You guys already know that there are two sides to anything in the world. One is good and another one is bad. Binary options trading is the same. It has some good side and it also has some bad sides. But according to my experience, I would say, It’s advantages have more strength comparatively than the bad sides.
Advantages of Binary Options Trading:
I have already explained that the advantages have more strength among the Advantages and disadvantages of Binary Options Trading.
Advantages and disadvantages of Binary Options Trading
1. Fast Payout:
You already know that binary options trading allows you to get the fastest payout in online investing. You will not get any other way to make money so fast as binary options trading.
2. Low Risk Or Ruin:
If you trade in binary options, It is really impossible to blow your account if the market moves crazy. In that case, you will lose only how much you have invested. Let’s say, You have $1000 in your trading account, If you place a trade with $50, You will lose only $50 in the case of a losing trade. It is not possible for you to lose your entire $1000. That’s that beautiful part of binary options trading.
3. Saves Time:
Another advantage of binary options trading is saving time. It really saves your time. If you don’t have a lot of time to trade all day long, no problem at all. You can trade in binary options if you have only 2 hours’ time in your hand. Because of the fast payout, you can save valuable time and you can make enough profit within this time if you follow the binary logic strategy.
4. Trade with Your Current Job:
That is another blessing of Binary Options Trading. You can do it with your current job. For example, you are working now on a company, You don’t have to leave your current job to trade in binary options. You can do it with your existing job. Is it cool right?
5. No spread: If you watch the video, you will understand that there is no spread in binary options trading. What you have to agree on in forex trading. I would say it is an advantage. Because in binary options trading, you don’t’ have to wait until the market price crosses your spread line. You can simply make a profit if the market moves only 1 micropipe in the predicted direction.
Disadvantages of Binary Options Trading:
Binary options trading also has some disadvantages too. They are also a part of the Advantages and disadvantages of Binary Options Trading.
1. Hard to Control Emotion:
In binary options trading, It is really hard to control your emotion when you will trade with your real money. If you lose any trade and become very emotional, you may not become a successful trader. If you take it easy and trade with confidence, gradually you can be a profitable trader. That’s the fact.
2. Need to Practice a lot:
In binary options, I really recommend everyone to practice a lot on a demo account at first. After getting confidence, anyone can trade with real money. But without proper practice, no person ca be a profitable trader. It needs a lof practice and understanding about the market.
3. Lot’s of scammers:
It is really embarrassing that in binary options trading, there are a lot of scammers. Most probably binary industry is in the first place to spread spam among the people. A lot of scammers are commenting, spreading their auto traders link to make money by scamming people. But personally, I hate them a lot. I never encourage anyone to buy these spam products and lose their money.
4. Scam Brokers:
There are a lot of scam brokers in the binary options industry. 😀 Like some brokers will encourage you to deposit your money in binary options, but later time, they will not let you withdraw your money. These are called scam brokers. If you don’t want to lose your money, always try to select a regulated broker. Because regulated brokers will let you withdraw your money from the broker. Please visit the recommended brokers page to know the recommended brokers list. I never encourage any person to deposit their money into a scam broker. 🙂
Another big issue with scam brokers. Always try to figure out the online review about a broker. What peoples are saying about this broker? It is very important to know the online reputation. If you see a lot of bad reviews about them, don’t deposit your money. Because they will help you to deposit your money but they will not let you withdraw your money. They will show you some lame excuses. So be aware of selecting a broker. Visit the recommended brokers page to invest your money.
So, guys, this is the ending of this post. It was an important topic to post for beginners. I believe that many newbie traders will get a lot of info about binary trading. Don’t forget to watch The Video if you don’t like to read long posts. I have explained well in the video for better understanding. And I believe that you got a clear idea about the advantages and disadvantages of binary options trading.
Happy Trading Guys,
Cheers!
