The great advantage of binary options is that they offer more profitable investment tools than any other type of asset. With the right strategy, you can successfully trade many types of assets. The main ingredient of long-term trading success is a trading strategy.

Buying the options is called the call option, and selling the option is called the put option. In other words, options contracts give the buyer the right to purchase or sell an asset at a predetermined price within a certain timeframe – but without the obligation of doing so.

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When it comes to call options, it is said the trader is "in the money" if the underlying asset costs more than the strike price. Similarly, the trade will earn a profit if the spot price for the underlying asset is less than the strike price. This is the price the option holder can buy or sell the underlying asset, should they exercise their right to.

You then have to select the pair you wish to trade on. As mentioned earlier, there are many different options to choose from. The best advice is to choose stocks, currencies, indices, or commodities that you are familiar with.

When you invest between two and five percent in every trade, you survive losing streaks and gradually grow your capital. One of the most important points of a successful strategy is that you invest a small percentage of your overall account balance in every trade.

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What you need is a solid strategy, long-term commitment, and the right knowledge. But it will not happen overnight. Let’s look at all three of these aspects. If you want to get rich with binary options, you can.

There's no indication of whether the broker that BO Millionaire has partnered with is licensed or regulated. Access to the trading bot is completely free, but requires users to deposit a minimum of $250 into a new broker account recommended by BO Millionaire.

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Once they have enough customers, one of them is bound to create such a story. On the other hand, brokers do not really need to use such questionable methods. The broker can use them as the poster child for their next advertising campaign.

If you get stuck anywhere in the process you can consult the detailed FAQ section of the website. This has answers covering many of the main topics that a trader needs using StockPair including info on placing trades, managing your account, banking, and more.