Binary options, the newest forex attraction

CANARY WHARF, U.K. - March 24, 2014 - PRLog -- The foreign exchange market (also known as forex) is the largest market in the world and the closes one to the perfect market model. The market is accessible to anyone especially now with the online trading platforms. The forex market constantly grew in the past few years and is the only market that kept growing despite the global financial crisis.

Becoming a forex trader is now easier than ever. You need a minimum initial deposit of at least $100 and a computer connected to the internet. It is so easy to trade on forex that the number of online traders practically exploded in the last couple of years.

On this forex market relatively unchanged for years something new appeared shaking things up: binary options. These financial instruments are even easier to use and have some strong advantages.

First of all, in binary options, the trader only needs to predict the increase or decrease of currency rates. In binaries you only predict the direction in which the currency rate will move n the preset time frame. The time frame can be from 1 hour to one month. The reduced waiting time is the second major advantage of the binary options.

The most attractive advantage of binary options against classic forex trades is the profitability. The binary options profit rates start at 60% and can go up to 85%. The profit rate for each binary option is known right from the start so you know exactly how much money you will win if your prediction was correct.

Another strong point for binary options is the refund. All binary options brokers offer refunds up to 15% of the option’s value in case the prediction was wrong. This means that in binary options you will never lose all your money.

These extraordinary features make binary options perfect for beginners and amateur traders that want to trade on forex without taking any special training.

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