As such, retail traders can only follow what robots do. This is the reason why the best investors in the world do not trade or own a position for a few hours or so, but for many weeks/months or even years. This is called investing, or macro-investing. The main advantage of it is that, as an investor, one can still have its own view about an economy and act on it.
You are just in the beginning of your binary option trading career, but you’ve already learned something useful thanks to our tutorial. The tips & hints above are just some of the things that you should be aware of before advancing with your binary option trading career. Don’t forget our pieces of advice, because they can make the differences between success and failure in many cases.
It is illegal for entities to solicit, accept offers, offer to or enter into commodity options transactions (for example, foreign currencies, metals such as gold and silver, and agricultural products such as wheat or corn) with U.S. citizens, unless those options transactions are conducted on a designated contract market, an exempt board of trade, or a bona fide foreign board of trade, or are conducted with U.S. customers who have a net worth that exceeds $5 million.
On June 6, 2013, the U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission jointly issued an Investor Alert to warn about fraudulent promotional schemes involving binary options and binary options trading platforms. The two agencies said that they had received numerous complaints of fraud about binary options trading sites, "including refusal to credit customer accounts or reimburse funds to customers; identity theft; and manipulation of software to generate losing trades". Other binary options operations were violating requirements to register with regulators.
Residing in the United Kingdom offers traders two main benefits, with regards to binary options and Forex trading. While in the UK, you can trade with virtually any broker, without being affected by any regional restrictions. Again, you can also choose to trade with the brokers who are regulated by Cyprus Securities and Exchange Commission (CySEC) and are registered in Financial Conduct Authority (FCA), the two main regulatory bodies in the UK. The two are also the most predominant licenses when it comes to Binary Options brokers.
The minimum amount you are able to withdraw with Banc de Binary is 100 EUR/GBP/USD. It is usually processed within 5 working days by Banc de Binary but it can take longer depending on the withdrawal method of your choice until you actually see the funds in your account. Banc de Binary does not charge a fee for withdrawals, but your individual bank or other payment service may have their own set fee. You were able to process withdrawals via wire transfer, Skrill (MoneyBookers) and Debit and Credit Cards at this time.
A binary option is a financial exotic option in which the payoff is either some fixed monetary amount or nothing at all. The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option. The former pays some fixed amount of cash if the option expires in-the-money while the latter pays the value of the underlying security. They are also called all-or-nothing options, digital options (more common in forex/interest rate markets), and fixed return options (FROs) (on the American Stock Exchange).