Learn Steps of Binary Options Trading

Select the Underlying Asset

The first thing, as a trader you need to do is to select your

preferred underlying asset to trade. Secured Option offers a

variety of underlying assets in different markets, so you will

have to pick the most relevant one that suits your trading

strategy. Deposit funds in your trading account and choose a

stock, commodity, index or currency pair. The best is to trade

with a volatile, highly traded asset.

Select Call or Put

In this step you need to choose the direction in which you feel

the underlying asset will move and therefore expire at the

chosen expiry time. If you expect the asset to expire higher

than the current level you would choose a Call, but if you think the

asset will expire below the current level you would choose a Put.

You have the freedom to choose your preferred expiry time and

most traders select on the basis of market circumstances.

Choose the Expiry Time:

Now you will require choosing the expiry time. You can choose from a variety of time zone: 15 minutes, 30 minutes, 1 hour, daily, weekly, etc. Therefore make sure you have a fare idea of which direction the chosen underlying asset is going by the chosen expiry time

Follow up:

You need to track your trade until expiry. At expiry, if you win

(in-the-money), then good for you! If you lose (out-of-the-

money), do more market research about binary options and take

advice from your account manager about how you can make

profits.