The question I receive often here on binary today and in my personal life as well is whether or not binary options trading is easy. The question itself isn’t a simple yes or no. There are certain elements of binary trading that are easy and other elements that are more difficult.
Binary Options Platform
First, you have the platform. Nearly every single binary options brokerage on the market uses a very similar trading platform. This can be accessed through your browser for placing trades and it’s very straightforward. The process for placing trades is quick and fairly easy to follow. You set the amount of money you want to risk for the trade, select the asset and determine how long you would like to trade to last. Then, all you have to do is predict whether the market is going to go up or down during that period of time which is referred to as the expiry time. This part of the process is very simple. You can log into your broker from any Internet browser and quickly place a trade.
The Hard Part
So now I’m going to tell you the part of binary options trading that isn’t easy. Determining whether the market is going to go up or down over a specified period of time is much harder than it looks. While you can surely take a guess and cross your fingers that’s not a binary options strategy that’s going to work for you in a long-term. So, unless you have an advanced knowledge of how the markets work you are going to be able to place trades manually for a long period of sustained success.
Making Binary Options Trading Easy
This is where I come in, to truly make binary options easy.
In my many years of covering the binary options market I’ve come across many tools that will help traders by providing signals and in some cases trading for them. I’ve found that auto trading systems in this market are untrustworthy but there are a small collection of signal software that will provide traders with reliable trading signals for different assets, expiry times and trading sessions. When I first started trading binary options I focused on manual trading but over the past year and a half I find myself relying heavily on binary options signal software to determine all my trading opportunities. I believe that if you use the bright binary options signal software that binary options is easy.