If their is anybody that knows anything about Binary Options and lives in Toronto, I am looking for someone to work with, seeing as how the profit potential is high depending on what you know. I have been researching this quite a bit that past year and started to practice trade about a month and a half ago, I use Banc de Binary since they are a regulated broker within the Cyprus Exchange Commission. Also if anybody is interested in offering insight on good trading strategies and tips, it would help.
Binary Options
Can you give a brief (or in depth) explanation of how they work? I know the basics of options but I am not familiar with binary options.
To trade there are two basic types of binary options. The first, called a call, is bought when the trader expects the price of that option’s underlying asset to go up. If a given trader expects the price of that option’s underlying asset to fall, they would buy a put. With each binary option, there are two key pieces of information to remember. First is the strike price. This price level determines whether an option expires in the money or out of the money. Second is the date and time of expiry. With binary options, expiration can be as short as a few minutes and as long as several months. I am going to list some of the advantages as well as disadvantages of trading binary options.
Advantages
Your risk is defined which means you could only loose whatever you have invested.
No margin call or trade closure by broker before expiry time.
High return in very short time.
Profit from rising and falling market.
No spread so you could win even with .1 pip
Disadvantage
All most all of brokers offering binary options are not regulated.
You could loose all of your investment in few minutes.
Most of binary option brokers are illiquid and are bucket shops.
Advantages
Your risk is defined which means you could only loose whatever you have invested.
No margin call or trade closure by broker before expiry time.
High return in very short time.
Profit from rising and falling market.
No spread so you could win even with .1 pip
Disadvantage
All most all of brokers offering binary options are not regulated.
You could loose all of your investment in few minutes.
Most of binary option brokers are illiquid and are bucket shops.
Binary options that you see on those websites are totally unregulated. They can execute your trades at worst possible prices or just take money from your account with impunity. Best trading strategy that I can recommend is to stay away.
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