So you’ve decided to take the step and enter the world of binary options trading. Great move. But maybe you don’t know all the ins and outs yet of how to trade and with whom. The trading of binary options really is pretty straightforward, so let’s focus first on the who part.
Choosing a broker is a daunting task for any trader. But beginners may not yet know what to look for. After all, how can you know what makes a broker a good one for beginners? Firstly, you need to decide for yourself what’s important. From our perspective, the most important aspects of a brokers’ offering are there reputation, payout %, withdrawal speed, and customer service level.
Most brokers offer pretty much the same assets to trade and the trading platforms themselves are really virtually identical. In fact, you will rarely find traders arguing about which platform is really better. You will instead find those debating who’s quicker with withdrawals, better with customer service, more responsive, more professional, and questions of that nature. One broker that certainly answers these needs is the boutique broker named Goptions.com. They don’t do the whole mass market thing and this allows them to provide personal attention to each and every one of their traders. It is a rare occurrence in this world of big spending marketing gurus. But this broker excels in giving clients what they need.
For beginners this carries more than one important implication. Firstly, it means that when you need information, you won’t feel like someone is rolling their eyes on the other side of that anonymous chat window. Rather, someone will genuinely try to assist. Furthermore, because the company is still small, you can get real help in a number of ways. Whether through skype groups, chat, phone calls, or even live screen sharing. One way or the other the company will help you make those first few crucial steps into binary options trading with the least risk and the best advice.
So once you’ve chosen, it’s time to get into the trading. What’s great about binary options is the simplicity. All you need to know is what you think about a specific asset. So let’s say you think the Dow stock index is about to fall. Simply choose an investment amount, how long you want the option to remain open for you, and click Submit. That’s it. The Dow pays you about 75% on a winning trade. So if the Dow drops by even just 0.01, you earn. Very easy, very simple.
So just pick the right broker and the rest will surely work itself out for you as a beginner trading in binary options.