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What is a binary option? It is also called digital option, option with a fixed profit. This transaction has a pre-known profit. The terms of the transaction are defined while opening a particular contract. The amount transferred to the account, in case the trader was right about his position, consists of two parts:.

The trader knew what to do, the price of binary option trading in nigeria did fall. Availability — the amount of funds necessary to be able to use this financial instrument is substantially lower than the minimum purchase price of the majority of shares.

For beginners brokers provide favorable conditions for transactions, different bonuses and promotions. Simplicity — mainly payout depends only on the change in price direction.

Accordingly, to take a decision the trader need less detailed information about binary option trading in nigeria asset. Yield — can be several times higher than the funds you deposited. Binary Option can be opened on the basis of any of the underlying assets: You just need to make a choice whether the underlying asset price in a specific time will go below or above a certain level. Binary options allow you to accurately calculate the risk and the profit amount when you decide to open a binary option trading in nigeria.

Since binary trading is a relatively new financial instrument, for traders, especially for those who have yet to begin, it is not easy to determine the best binary options. Of course, the options themselves are just a tool, which the trader uses as brokerage service. So when we, at Tradeforex.

As in any field, which has financial transactions, when trading binary options be careful not to fall into the hands of fraudsters.

Choosing the best conditions for options trading, be careful not to fall for scams tempting offers, which can promise you anything, if only you would buy their tricks. First of all, Nigerian traders should pay attention to the age of the brokerage site, its popularity. Honest young players, of course, are present in this market as well, and they attract users by various bonuses, but the promise of exorbitant profits should alert you. An honest broker who is going to earn together with its customers, can not binary option trading in nigeria huge profits in the detriment of themselves.

The amount transferred to the account, in case the trader was right about his position, consists of two parts: At the same time, it does not matter how much the price of the underlying asset has changed, the trader always knows the profit margin in advance, this condition is stipulated when the transaction is opened. The terms of a transaction: Binary Options Features Binary options binary option trading in nigeria the following characteristics: The fixed income is known in advance, you just have to decide if the price falls or rises.

How to become the best in trading binary options?

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Binary option best time to trade

As you will soon discover when taking a good look around this website you are going to discover that you can make some very large and regularly profits when you start placing trades online, for Binary Options trading simply requires you to pick out one or more companies and then place a trade on whether you think the share price of the company or companies that you have selected will see a move upwards or downwards in value.

This means you will have a guaranteed 50 — 50 chance of making a profit on every single Binary Options trade you place. With many people living in Nigeria looking for new yet dynamic ways or making regular profits, there may be a few questions you have in regards in to how you start placing Binary Options trades online and this is where this guide is going to be very helpful in enabling you to do just that.

If you keep on regarding you will find a step by step guide below which is going to show you just how easy it is to place Binary Options trades from Nigeria and in no time at all you can be up and trading and hopefully making repeated profitable trades. You have plenty of choice in regards to which Broker you can sign up and start to trade Binary Options at, however we would advise you strongly to stick to those Brokers we have reviewed and have listed on this website as we have checked out each one fully and every single one listed accepts and welcomes Nigeria based traders and can pay you quickly when you withdraw your trading gains.

What trading platform is best? You are best to try out as many different trading platforms as you can for there are both very basic and some very advanced trading platforms on offer, but as soon as you fully master using a trading platform you will be able to take advantage of the many advanced features on the more technically advanced trading platforms.

What banking options are best suited to me? It will be dependent on just how you wish to make deposits and get paid your profits at a trading site, each of those listed on our website will offer you lots of different ways to deposit and withdraw so first and foremost make sure the one you do select is not going to see you being forced to pay any excessive fees and charges and use one that does not require you to turn your deposits into any other currency for if you do have to trade in a different currency then you will be hit with even more Forex related charges and fees!

Should I claim a sign up welcome bonus? There are some very large and very generous sign up welcome bonuses on offer at all of our featured and approved Binary Options Brokers and as such you should try and make use of those bonuses are they will offer you true value. However, always read the terms and conditions of the bonuses as they will always require you to place a certain volume of trades before you can cash out your gains and profits.

What trades should I place first? Try and place the more easy to place trades initially like on low risk companies for there are lots of different and much more exotic trading opportunities offered at all online Binary Options trading sites but they can often be a little confusing to a first time trader.

Should I start trading initially via the demo trading account? You are always best advised to make full use of a Binary Options Brokers demo account options before you start to place trades for real money. For by doing so you will be able to get a lot of trading experience under your belt with no risk attached to those trading sessions, and then when you are good and ready you can then switch over to trading via a real money trading account.

How long will it take to master the trading platforms? It should not take you very long to get used to the unique way a Binary Options trading platform works and operate.

But if you are unsure about anything then the hold files that you will find attached to all Binary Options trading platforms will guide you through every aspect of using the trading platforms. Is my online trading account linked to my mobile account? Many online Binary Options Brokers also offer their clients a mobile trading platform and in most cases you are going to find that you will be able to log into your online trading account when accessing that sites mobile trading platform, so that does of course mean you will not have to sign up a second time to start using a mobile Binary Options trading sites trading platform.

How quickly will my profits and gains be sent back to me? You should get paid your withdrawals from any of our featured and top rated Binary options Brokers within 24 to 48 hours, some sites pay their winning traders the very same day as they request winning cash out of their profits. However, the method you wish to get paid your profits by is often going to see you either getting paid much more quickly or over a slightly longer time period.

Will I get banned from trading if I make repeated profits? Which Binary Options Broker should I use?