Binary Option Trading in Singapore
In simple terms, Binary Option trading in Singapore, means that you’re trading on an underlying asset. Binary Options trading offers a means of a fast and extremely simple financial instrument that allows investors to speculate on whether the price of an underlying asset will go UP or DOWN in the future.
These underlying assets when trading binary options could be a forex currency pairs (i.e. USD/CAD, EUR/GBP etc), stocks (i.e. Google, Apple), cryptocurrencies such as Bitcoin, or even gold and silver amongst other trading instruments. The timeframe for Binary Option trades can span can be as little as 30 seconds, making it possible to trade hundreds of times per day across any global market from the comfort of your home in Singapore 🇸🇬.
Although some Binary Option brokers have got a bad reputation in recent times for using pressure techniques and running unregulated platforms, at Marketpotentials.com, all of the brokers we are associated with are FULLY-AUTHORISED and COMPLIANT with set financial and regulatory rules stipulated.
We work closely with IQ Option which is our leading recommended broker for your Binary Option trading requirement. In short IQ Option is the world’s leading Binary Option trading broker and is fully regulated in the European Union and numerous financial regulators and authorities around the world. It is also and available in over 213+ countries worldwide as of May 2020. In fact IQ Option is the only broker regulated CySec (Cyprus Securities and Exchange Commission) Europe, FCA (Financial Conduct Authority in the UK), CONSOB (Commissione Nazionale per le Società e la Borsa – Italy’s financial regulator), REGAFI (Registre des agents financiers – France’s financial regulator) and FMRRC (International Financial Market Relations Regulation Center) in the world – which are the various financial regulators from around the world.
If you’d like read about our comprehensive review on IQ Option as a trading broker and their associated platform – do check out this article here.
Getting Started with Binary Options Trading in Singapore
To get started with Binary Options trading, all you got to do is sign up for a free IQ Option trading account by clicking on the link below. The signup process is quick and simple, and after a quick verification process – you’re good to trade.
Now you’re probably wondering how you can fund your account – deposits can be made easily with credit cards (Visa, Mastercard etc) or various electronic payment channels such as Skrill, Neteller or Webmoney which you can sign up for free, and allow you to instantly deposit your moneyto fund your trading account.
For withdrawals, IQ Option which is our preferred Binary Options trading broker allows withdrawals to be processed within 24 hours and they can then be made available in your local bank accounts (such as DBS, UOB etc) in no time at all (typically in your bank within 3 working days).
Deposits with IQ Option start as low as just USD 10 and each individual trades can be as low as USD 1. Whilst we recommend you start off on the FREE Demo trading account to get a feel of the platform and the trading nature of things; we do strongly encourage you to make your first deposit of USD 10 to get a feel of real-life trading.
For traders new to Binary Options trading, real-life experience MATTERS as not everything especially when it comes to emotions and decision-making under pressure can be emulated in a demo account. Let’s not sugar-coat it, you will likely lose your initial USD 10 – but the lessons you learn from it will last you a life-time!
You can then start to implement waht you have learn about real-life trading in your next deposit and start improving your trading pattern. That’s how we got to where we are today – the ability to plonk USD 2000 on a single trade knowing that chances are we would make the 86% ROI (Return on Invesment) on the trade.
Binary Option Trading Strategies in Singapore
Now that you’ve got your IQ Option trading account setup and good to go – let’s talk about how we are going to trade. Check out this quick video below to see how we made a return of 86% within a matter of minutes trading the forex pair AUD/CAD on the 4th November 2019 in our LIVE trading account in the video below.
As you can see the returns from successfully trading binary options are literally out of this world! Where else in Singapore could you find an instrument that lets you earn more than 80% NETT RETURN in a matter of minutes? Well with Binary Option trading with IQ Option – YOU CAN! Now imagine what those kind of returns in making all of your wildest dreams come true in no time at all!
Check out some of the top Binary Option Trading Secrets we are sharing with our readers for FREE!
Binary Option Trading Secret #1
Always analyse the chart movement of your chosen instrument at least 5 to 10 minutes before entering into a trade. This lets you have a keen eye on trends that are out of the ordinary. You want to spot these opportunities because chances are these trends are momentary.
As such all you got to do is ride the trend, and immediately bet the opposite direction when you see that the ‘momentary trend’ is dying down and the chart is returning to it’s ‘normal’.
Binary Option Trading Secret #2
Be patient. Only enter a Binary Option trade as close as possible to the ‘Purchase’ deadline – less than 5 seconds (i.e. the vertical white line you see on the video). This limits your exposure. Entering into a trade even 20 seconds earlier means you are now exposed to the trading risk for that extra 15 seconds or so. Why take on additional risks?
Binary Option Trading Secret #3
Get the basics right. You don’t have to be an expert at chart reading and Technical Analysis (TA), however you’d need a basic understanding of the key technical indicators such as MACD (Moving Average Convergence Divergence), Bollinger Bands, Awesome Indicator and the RSI (Relative Strength Indicator) etc. We typically just recommend using the basic 4 above.
Withdrawals & Deposits | Binary Option Singapore
Trading with a regulated broker such as IQ Options means that your deposits into your trading account is fully protected and regulated according to the set out European Union financial laws in which the broker IQ Option Europe is based from.
In addition IQ Option is also the only broker that guarantees that withdrawals would be processed in under 12 hours flat. So getting your money back into your local Singapore bank account (such as DBS, UOB, OCBC etc.) is easy and effortlessly done. Like most Singaporeans, we too believe that a solid broker is one of the key decisions a potential trader should make before they start trading, and having the peace of. mind that you would never have any issues with deposits or withdrawals with a trusted broker should be key consideration.
Take ACTION Now to trade Binary Options in Singapore
If financial freedom and the ability to live your life on it’s own terms is important to you, you should definitely consider Binary Options Trading as part of your income-generating strategies.
Take action and start making your dreams come true TODAY by signing up with a trusted Binary Option Broker in Singapore today!