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Smart traders do it every day, executing binaries in everything from oil and gold to stocks and currency pairs. The question is, is it as easy to make money as a lot of websites claim?

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The Bottom Line Binary options are financial options that come with one of two payoff options: a fixed amount or nothing at all. That's why they're called binary options—because there is no other settlement possible. The premise behind a binary option is a simple yes or no proposition: Will an underlying asset be above a certain price at a certain time?

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Whilst you may be under the impression that you will need to fully understand the money markets and have a grasp of the business sector to be able to make continuous profits the opposite is true. Take for example the price of oil, the price can and will fluctuate throughout the day and night due to lots of different factors, and if you are aware of something that is likely to affect the price of oil in a positive or negative way then you can very easily make a profit by placing a trade on the way in which you think the price of oil will move. It is of course not just oil you can place Binary Options trades on as there are lots of different commodities and share values in all major companies you can use as the basis for your trades. You are always going to be able to open a Binary Options trading account and make a deposit that suites you personally.

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Let us take them one after the other. Expiry times can be as low as 5 minutes. How does it work? First, the trader sets two price targets to form a price range.

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New traders often make mistakes such as taking way to big a position for one trade, taking a bad loss, and then staying way to small the next 5 times. They may even experience winning easily on small trades, but they never make back the big loss. After knowing all the pitfalls, why would a new trader ever decide to open a binary options account and become a trader?

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The best kept secret among successful Binary Options …. It is a basic but very essential strategy. Trading without a plan the secrets to making money trading binary options nisdon com is like blindly shooting in the dark.

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