How to Trade Binary Options in South Africa

Let’s not beat around the bush, over the last several years you & I have been bombarded with adverts left, right & center promoting all sorts of binary options companies from the likes of 24Option to IQ Option and many others.

The reality is that binary options trading in South Africa is a BOOMING and don’t just take my word for it, take a look at the volume of monthly searches below and you decide.

How to Trade Binary Options in South Africa

So we’ve put together a great little article explaining the ins & outs of binary options trading in sa for beginners, we’ve split it up into 3 simple sections:

  1. What is Binary Options Trading?
  2. How to Trade Binary Options?
  3. Free Demo Account

Good Luck!

  1. What is Binary Options Trading?

    Binary Options Trading is a quick & easy way to trade the Financial Markets. The most popular binary option trade is a HIGH/LOW trade.

    High Low Binary Options Trading in SA
    You as a trader must pick whether the price of an asset will be higher or lower within a give time-frame.

    Scenario #1 – Will the price of the Euro be higher or lower against the Dollar in the next 60 seconds? The asset in Scenario #1 is known as EURUSD which is a currency pair. The time frame is 60 seconds.

    With binary options the risk & return of investments are fixed. Going into the trade you can decide exactly how much money you are prepared to risk (loose), also knowing exactly how much money you can earn in return.

    Binary Options Brokers generally offer returns of up-to 90% per trade.

    Let’s say you call R1,000 that the EURO would in actual fact be higher than the dollar at the close of 60-seconds. 60 Seconds later the trade closes, if you were correct you’d generate a profit of R1,900. However if you were incorrect you’d loose the full amount of R1,000.

    It is up to you as a binary options trader to select the asset you’d like to trade, the time frame & the amount of money you are willing to risk on the trade.

    A wide variety of assets are available to trade on the binary options market – including Commodities, Equities, Financial Indices and Forex Pairs.

  2. How to Trade Binary Options?

    If you’re reading this, I’m assuming you’ve understood the basics of binary options trading in South Africa and you’re ready to take the next steps into the binary options world.

    1. Pick a Trusted Binary Options Broker

      Open a free demo account at leading binary options broker such as IQ Option.

    2. Select the Asset to Trade

      Trading platforms have assets such as currencies, indices, commodities and stocks.

    3. Predict the Price Movement

      If you predict the price of the asset to rise, select Call (up), If your prediction is that the price will fall, select Put (down).

    4. Decide on the Amount to Invest

      Decide how much you want to invest and the expiry time of the option.

    5. Collect the Winnings

      Collect winnings up to 91% of the correct trades.

  3. Binary Options Demo Account

    Demo accounts are great way to test the waters of binary options trading before risking real money, It’s an exactly as if you were trading in the real world except for using virtual money.

    Why I recommend IQ Option?

    1. Minimum Deposit – Start trading with only $10
    2. Minimum Investment – $1 Per Trade
    3. Free Demo Account – You may visit the IQ Option website to sign-up for a free demo account or simply fill in the form below.

    Risk Warning

    Binary Options Trading Carries a High Level of Risk.

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