Binary Options Basics
How do binary options work?
When you place a binary options trade, you’re essentially saying you think the price of a certain asset will be higher or lower than its current price at a specific point in the future. That’s it! With binary options, your potential gain or loss is fixed and known to you before you place the trade, so you always know the two potential outcomes of every trade you make.
Let’s look at an example! Let’s say the current price of gold is $1400, and you think it’ll be above that 5 minutes from now. So, you buy a 5 minute binary option on gold above its current price. If, 5 minutes from now, the price of gold is above $1400, your option expires “in the money” and you profit! If the price of gold 5 minutes from now, the option expires “out of the money” and becomes worthless. The key is being able to tell if the price is going up or down!
So how can I know if the price will go up or down?
The market actually shows signs of what it’s about to do, before it does it. These events are called “technical indicators.” Wall Street traders make millions, even billions, of dollars every day using these indicators. They’re successful because they know advanced techniques and have loads of real-time data to read the market.
That’s not fair! I want to make money, too!!!
We’ll teach you how! Slicktrade helps our members learn how to make calls just like a professional trader. We’ll even give you access to our real-time trading sessions, so you can watch professionals as they trade. We make live trades in our own accounts, so you can be sure that we’re in it for the big money, too!
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How can I get started?
For you to become a successful trader, you’ll need an account, funds for trading, and access to our exclusive content. Our members receive pro trading strategies, tips, and access to our real-time Trading Floor. We have different packages available, so if you’re just starting out or looking to replace your current income, we have something that’s right for you.