Executing Your First Trade – Binary Options Trading Checklist

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

Contents

Executing Your First Trade – Binary Options Trading Checklist

The first binary trade in every trader’s life is very important and memorable. Binary Options Trading is no different.

It may or may not be profitable but at least you need to ensure certain tasks from your end to give your best .

Irrespective of how many training courses you attended and how long you tested the demo account; When it comes to your first trade, traders naturally tend to get anxious.

You should be proud of your first trade result irrespective of the result.

To prep you for your binary options trading journey, we have prepared a checklist that you can go through before you place your trade.

But first, let’s take a quick glance at why you should give binary options trading a try.

Why is Binary Options Trading Attractive?

Irrespective of what your trading capital is, you can still invest in binary option and can expect 60%-90% return on the same.

If you are looking for a way to trade without any complications, at present apart from binary option there is no other better option available.

Here predicting correctly is equal to earning money.

However it is essential to keep in mind, if you don’t stay smart, money can be lost equally well.

That being said, binary options are easier for beginners to get a grasp of compared to other forms of trading.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

Learn more about the advantages and disadvantages that binary options offer.

The strategies are easy to understand and implement and we have a couple of beginner strategies that will help out.

Let’s go through some basic information on binary options before you jump into trading.

Basic Information on Binary Options Trading

We have summarized some key points of binary options to make it easier for you to understand.

2020 Best Broker

Features

Min Deposit
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2020 Best Robot

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Min Deposit
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Best Binary Options Strategy For Beginner & Experienced Traders – Binoption

Traders are constantly in need of a working binary options strategy for their trading.

Without a trading strategy, no trader can achieve success in trading.

Whether it be forex, crypto, stocks, indices, or any other asset, you need a strategy that suits your trading style and brings you consistent profits.

The common misconception among non-traders is that trading is a game of luck. The reality is far from the truth.

Trading is a very complex activity. There is a lot of reasoning behind every action that is performed.

A trader carefully selects his trading asset, analyzes its market, performs technical analysis, and then performs the trade.

Even after all this, the chances of winning are pretty slim. You cannot out predict the market.

Binary Options are based on a yes/no proposition.

Earning a payout depends on accurately predicting the outcome of the market beforehand.

If you guess wrongly, you will lose your investment.

Therefore, it is extremely important you trade with caution.

A trading strategy is the backbone of any successful trade.

Our strategy section contains various articles that will cover all aspects of binary options strategy.

You will learn how to utilize different strategies and when to use which one.

Best Strategy List For Binary Options Trading:

Using Moving Average To Form A Successful Binomo Strategy

8 Best IQ Option Trading Tips To Perform Successful Strategy (Infographic)

Pick Your Trading Strategy Now For Your Trading!

Best IQ Option Strategy- IQ Option Tips For Winning Trades

How to Evaluate Your Binary Options Trade: Things To Mind

6 Styles Of Trading Strategies: Find The Best One For You

60 Seconds Binary Options Strategy: Know the Advantages

Ways to find Binary Options Strategies Without Losing Money

Technical Analysis versus Fundamental Analysis Of Binary Options

Be an Expert in Binary Options in Your Own Style

DoubleUp Strategy For Binary Option Trading – How It Works

Binary Options Training Programs in Detail

Best Two Binary Options Strategies for Trading

Use of Binary Options Strategies over Forex Trading

Executing Your First Trade – Binary Options Trading Checklist

Need For Solid Trading Strategy For Binary Options

Reasons For Rising Demand On Binary Options Trades

Survival Tips for Binary Options Traders: Crucial Period of Trading

Binary Options Terminologies For The Investor In You

Binary Options Types In The Current Market And Their Strategies

Things To Consider Before Opting For A Binary Options Account

Some Characteristics Of Reliable Trading Broker

Binary Options Trading Assets: 4 Pillars Of Binary Options

Binary Options Management Strategies To Become Successful

Benefits Of Binary Options Trading That Attracts Trades

What Are Candlestick Charts And How To Use Them For Trading Binary Options?

Binary Option Trading Checklist Before You Start Trading

Identifying Consolidation Area: Call Put Strategy

“An Old Gambler’s Tool” – The Curious Case Of Martingale Strategy

The Basic Bull Call Spread Strategy In Binary Options Trading

What Is The Breakout Strategy for Binary Options?

6 Facts For Binary Options Trading Formulas And Strategies

In Binary Options How Does Trading Techniques Actually Work?

What Is Trading Strategy For Binary Options?

A trading strategy is basically a well-thought out plan that is designed in order to profit from the trading market.

A strategy is formed on the basis of both fundamental and technical analysis.

Fundamental analysis involves analyzing the factors that affect the asset’s market value such as economic and financial conditions, interest rates, company earnings, competitors, and much more.

After analyzing these factors, the asset price will be estimated.

The analyst then compares this estimated price with the current market value and determine if the asset is undervalued or overvalued.

If it is overvalued, the recommendation would be to sell it, and buy if is undervalued.

Technical analysis is the process of analyzing the market through trends and and information collected from trading such as volume and price movement over a certain period of time.

Using indicators and graphical tools, trends are recognized and future price movement is predicted.

When forming a trading strategy, you need to combination of both.

In our strategy guides, we guide you step-by-step, to do exactly that.

The Need For Successful Binary Options Strategy

Though many new comers are of the opinion that there is no need for trading strategies for making money through binary options , this article will help you to understand the real reasoning for the need.

These binary options strategy collectively will help you in understanding and analyzing whether you made profit at the end of each month.

In order to know this, firstly every trader should be aware of what they are doing.

Basically as a trader you should be aware of where the results of your trades are arising from.

Trading without strategies is driven by emotions and will be random.

After certain point of time, you would have either made some money or not.

But there will be no certainty thus you will be unable to be understand what helped you to make or lose money.

This lack of information will be a block for improvement.

This can also result in try different trading styles on a regular basis and will be unable to settle with some style that will surely help you to make some money.

In order to make trading fruitful, learn how to trade binary options.

As you will have clear picture of the amount of money you make and the source for the same, there will be less chance of failure or struggle.

In this way, you can concentrate on those styles of trading that are your strength and can eliminate the chances of you failing.

It is essential to keep in mind, no one is a master in trading binary options nor are they born with the skill of trading.

All these are learnt through information and experience.

However, following some binary options strategy are a tool that will help you to improve your trading overtime.

It can be said that- ‘Only with the help of knowing what you are doing to your trades, you will be able to judge or predict the result of your initiatives”.

To summarize, you will need a working binary options strategy for the following reasons:

  • Profitable trading
  • Focus on trading without distractions
  • Measure and improve performance
  • Eliminate emotions from trading
  • Prevent over trading
  • Enrich your trading knowledge
  • Reduce risks in trading

Beginners Guide to Making Your First Trade on IQ Option

If you are new to the IQ Option platform, your first step is to open an IQ Option practice account. I’ve created the Beginners guide to the IQ Option Trading Interface which can get you started faster with this broker.

This guide will help you understand how to trade on IQ option for beginners.

Two things you need to understand before you enter an options trade on IQ Option

On the IQ Option interface, you’ll need to understand two main things before you enter an options trade.

The first is time. Options will expire after a specific time frame. As the option buyer or seller, you will determine the time you’ll buy or sell the option. Upon expiry, a winning trade will earn you a return. If it loses, you will forfeit your investment.

So how do you determine the time the options trade will last? Look at the chart below. The purchase time (marked 1) shows a countdown to the trade entry point. If it reaches zero, it starts again. You can also adjust the time to trade entry using the time feature (marked 2). This allows you to enter the options trade sometime in the future.

Features you’ll use to enter an options trade in IQ Option

The second consideration to make is the price trend. The trend can be up, down or ranging. If you believe that the price will be higher by the time your trade expires, you should click on the “Higher button”. Conversely, if you think the price will fall by the time your trade expires, you should click the “Lower” button.

Other considerations to make are the return and the amount to invest. The return (profit marked 4) is simply the amount you’ll make when your trade wins. The amount (marked 3) is how much you’ll invest in the trade.

Making your first options trade on IQ Option

After choosing your trading instrument (here I’m trading EUR/USD) and determined the trend direction, enter your trade.
Using the image above, I determined that the price will go up within 1 minute.

I placed an investment of $1000. Given the 77% return, this trade will make $770 profit.

Let’s look at the different trading interface features to keep an eye on.

1. Expiration time

This is the time remaining until the option expires. Upon expiry, I’ll know whether my trade was successful or not.

2. Expected profit

This is the amount that I can make if the trade is successful.

3. Profit after sale

This feature allows you to exit the trade before expiry. It allows you to take profits if you feel that the trade might be a loser if you let it run until expiry. To take this profit, simply click on the sell button (4) beside it.

Note: If the expiration time timer counts down to 10 seconds, you cannot exit the trade by executing the “sell” order. At this point, you’ll have to wait until the trade expires. Take a look at the image below.

You cannot execute the sell order when expiration time reaches 15 seconds on IQ Option

How to keep track of your trading transactions on IQ Option

In order to know which trades were winners and which were losers, IQ Option provides a quick link on the left of your interface. This is the trading history feature.

Tips to trade successfully as a beginner on IQ Option

As a beginner trader on IQ Option, your primary objective should be learning how to identify trends, finding the right asset to trade and, managing your emotions and account balance. This requires time to develop. That’s why I always recommend you initially use the practice account to learn how to trade.

Now it’s your turn to start trading on IQ Option. Use the skills you’ve learned today to make your first trade. Kindly share your results in the comments section below.

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Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

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