This guide will introduce to you the different kinds of Binary Options you may find online.
Indices Binary Options
Among the most traded Binary Options in the world, are those based on Indices. Furthermore, they are related with Stock Exchanges throughout the world.
· What Indices Can I buy and sell?
You can place a trade on different Stock Indices, as there are so many available for you. The commonly traded Binary Options that pertain to Indices are FTSE 100, DAX, Hang Seng, Dow Jones, CAC 4, and NASDAQ.
· Are there any Benefits of Indices Trading?
Yes, there are. For e.g. you will avoid going through any stockbroker since they never get huge commissions and fees from companies.
Forex and Currency Trading Options
Today, people tend to choose to trade two separate currencies against each other while trading Binary Options online, thereby emphasizing on the importance of such options.
· What Currency Pairings am I allowed to Trade?
There are no limits in pairing any two currencies.
· Am I Allowed to Pair Other Currencies with Bitcoins?
Yes, many Binary Options sites allow this. Although right now, you can only pair the US Dollar currency with Bitcoins.
Commodity Binary Options
This option allows you to perform trade on a fix commodities’ value without the hassle of purchasing them.
· Define Commodity Based Binary Options.
You will be trading a fixed commodity’s value, e.g. gold or silver for a specific time.
· What Commodities can I perform Trade in?
The most common are Oil, Copper, Gold, and Silver.
Individual Stocks Binary Options
You are allowed to trade different shares and stocks without buying the shares in any firm you chose to invest in.
· What are some of the Most Traded Stocks?
Many well-known and large companies make the most amount of Binary Options trade, for e.g. Toyota, Microsoft and Walt Disney.
· Is the trading of Social Media Stocks allowed?
Yes, several Binary Options trading sites allow such stocks.
· Are there different types of Banking Binary Option Trades?
The banking industry is classified as a very volatile sector. This is exactly why many individuals trade the value of the industry’s shares as part of their trade of Binary Options. Furthermore, you will easily trade Bank based options like J P Morgan, Goldman Sachs, and Chase.
· What sort of Profit can I earn while trading Binary Options?
Each trading site will show the maximum amount of profit you can earn per trade. As such, this is often in the range of 80%+.