How the Trade Works. Binary options allow investors to predict whether an asset’s price will go up or down in the future. The time span is as little as 60 seconds, enabling you to trade for as long as you wish across any global market. Before placing a trade, you must know the amount you stand to gain if you speculate correctly. Often, the profit percentage ranges from 70% to 90% daily The high-profit rate simplifies risk management.
There are various types of traders;
1. Day Trading or Day Traders
More than 80% of cryptocurrency investors believe that the only effective way (if not the only way) to earn money in this space is through day trading. But what most of them don’t know is that day trading is more than just holding an asset until its value rises; it takes a lot to be a day trader, but most importantly, you need to have the proper analytical and technical skills.
You’ll need to analyze market charts on the performance of the listed assets; this is perhaps the most involving way of earning from cryptos but I believe one of the most rewarding. You can start day trading on any exchange today; all you need to do is to sign up, buy some assets, analyze, and you’re all set. You an also start trading through an automatic trading platform like bitcoin profit which allows users to decipher the signals emitted by the trends on bitcoin and other cryptocurrencies and start perform successful small trader.
Tip: If you’re going to be a day trader, consider mastering the art of analyzing stocks using the technical and fundamental methods; they are widely used to evaluate all traded assets.
2. Long term Investors.
These are the set of people who invest in a particular coin or network with the hopes that the price will sky rocker in the long run or nearest future WAYS TO EARN FROM TRADING.
*Broker. To get started, you must have a regulated broker account. Take your time when selecting a broker to ensure you choose a trustworthy one.
If you are a complete beginner, Choose a binary options trading broker who offers bonuses and low minimum deposits.
And also if you want to earn while learning how to trade you can choose a Broker that offers The account management option which has been set up for different categories for those that can’t trade crypto or too busy to trade crypto and also for newbie and pro that still want to earn from the crypto market. With this we came up with a method of earn while you learn ( make money while learning how to exchange crypto currencies).
Profit. When you log onto a binary options trading platform, look at all the available options. Choose your ideal opportunity and start trading.
The amount you can make depends on the type of trade and how much money you place on that trade. Your broker website will clearly show the percentage profits beside each trading opportunity. If your trading opportunity has a potential profit of 720% and you place $2000, you will receive $181 if you win.
As such, $14400 is your initial investment, and $12400 is your trading profit. * Getting Paid. After placing one or more winning trades, it is time to get paid. Most brokers have an array of staking options.
As such, you can choose one and decide how to get paid. You can choose to have your profits sent back to the bank account you linked to your debit card. You can also have the profits sent to you through a web wallet such as Skrill.
If you wish to become a trader, binary options can provide you with a better foundation to learn to trade. YOU CAN CHECK OUT https://www.facebook.com/jessica.a.finn