Good day guys and welcome to another LIVE Binary Option Trading with us at Marketpotentials.com. In today’s trade you’d be able to check out exactly how we made USD 5600 in just under 5 minutes of trading Binary Options in Singapore!
Oh and the entire thing is recorded LIVE on our trading account screen which you can see in the video below – so it’s really as real as it gets!
Binary Options Singapore | Definition
Now let’s start by defining what exactly is Binary Options trading – if you’re entirely new to this. Basically Binary Options trading refers to in general predicting the value of the underlying asset being traded would end up being HIGHER or LOWER than the point at which the trade was entered. The underlying assets for a Binary Option trade can range from various instruments from forex, CFDs, cryptocurrencies, commodities such as gold and silver and various others. However in all cases – the basic is predicting the value of the asset would end up being higher or lower.
Check out the definition of Binary Option by Investopedia.com
If you are entirely new to Binary Option trading, fret not – we too started where you are now almost 6 years back and haven’t looked back since! Learning Binary Options will take some time – there is no sugar-coating it, learning to be a profitable trader CONSISTENTLY is not a walk in the park.
You’d often be confronted with the biggest challenge – yourself! Or specifically balancing the risk/reward you’re exposing yourself to on every trade. This is truly the test of each trader – once you can start to make decisions and weigh risks associated with a trade independently and logically – you’re better than 95% of other traders out there.
Binary Option Singapore | Getting Started
The first thing you’d want to do is to get started is to sign up for a FREE IQ Option trading account which you can do HERE.
Next check out the LIVE Binary Option trade video below.
Binary Option Singapore | Trading Binary Options Profitably
OK, now that you’ve checked out the video, let’s dissect the video a little. Now the key to any trade being profitable is minimising risk to yourself BEFORE you enter a trade. We like to do a quick assessment of this before we hit the TRADE button.
For the GBP/AUD forex Binary Option trade in the video above, we entered the first trade as a LONG (we selected HIGHER), or rather we expected the chart to end up inching higher as a general trend. This decision was based on a number of factors, detailed below.
We have been following the said forex pair for a while before we initiated the trade position. As such we were familiar with the ‘trend’ or the signal patterns of the said chart. We also were aware of where the peaks and lows of the said chart – these are the ranges where any trader shouldn’t be trading at (unless you know something nobody else does) – as at these extreme levels, the chart trend can be unpredictable (i.e. it could lead to a new low or a new high).
Secondly the point at which we initiated the first trade at a level of 1.92676, this decision to enter the trade was guided by a number of factors. The technical analysis supported our position that the chart was undervalued and primed for an upswing. This was exactly what we capitalised on when we entered into the first trade – to ride out the potential uptick in the chart as it was undervalued at that point in time.
To be a profitable trader in Binary Options it’s also critical to remember to also be aware of your own emotional state when trading – always take position sizes that are appropriate to the capital you’ve set aside when you decide to start trading. This are all part of a risk management strategies that every trader should also pay attention to.
To check out some of our other articles and LIVE trading videos about trading Binary Options from Singapore – check out THIS ARTICLE HERE
If you have yet to sign up for your FREE IQ Option Account, just hit up the link below and fill in your details and you’re on your way to literally earning thousands of dollars on the side from home in no time at all!
Happy trading and till the next trade – Happy hunting!