Can I Trade Binary Options On My Mobile – FAQ

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Binary Options FAQ – Binary Options Frequently Asked Questions

Welcome to my binary Options FAQ section! You still got questions about binary options trading and how to choose the best binary options broker for your needs? Keep on reading to find the frequently asked questions about binary options and how to trade them!

Binary Options Faq´s Answered

What are binary options?

Binary Options are a fixed return financial trading instrument limited to two possible outcomes, In the Money (Won option) or Out of the Money (Lost Option). You can read a detailed explanation here!

When can you trade binary options?

This depends on the asset you are trading, there are currency pairs, stocks, indices and commodities you can trade as binary options. Normally you can trade while the markets are open, this depends on the form of asset you are trading!

Is it legal in my country of residence to trade binary options?

This depends mainly on your broker. In most countries it’s legal, but many brokers don´t accept trades from all countries! If you live in the USA for example, it becomes hard to find a broker accepting clients from the US!

Do I need any software to trade binary options?

Normally not really, but I highly recommend a real-time chart software like the Metatrader 4 or 5 for example! Depending on your Broker its also possible to download a trading desktop application or mobile app, so for example IQ Option!

Where to trade binary options?

This depends on the country you are living on the one hand and what you want to trade exactly. Other points to consider are the amount you want to invest and what assets you want to trade mainly! You can check out my broker tests to find the best binary options broker for your needs!

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  • BINOMO
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    Trustful broker.

How much do I need to invest to trade binary options?

This depends mainly on your broker and your money management. Never trade with more than 5% of your overall account balance in a single trade. So if you plan to invest 200 USD into binary Options, you need a broker with a minimum trade amount not higher than 10 USD (200USD * 5% = 10USD)!

Can I make money trading binary options?

Basically yes, but not without the requirements needed to use binary options! Its needed to control your emotions as well as proper money management and knowledge about technical analysis and trading strategies/pattern.

How to predict market movements in order to trade binary options?

There are 1000s of methods to analyze and predict market movements, so-called trading patterns. The main problem is not to find the best, but to learn when to use wich trading pattern for best results! Anyway, you will never win all your trades, loses are a part of trading!

How to choose the right expiry for your trading pattern?

This depends on many factors like the trading pattern, the time frame and the kind of asset you want to trade! Ensure to test new pattern first inside a demo account (Check out my IQ Option review to get one) for a few days at least! After some time you will get some kind of feeling to choose the right expiry!

What does “In The Money (ITM) and Out of the Money (OTM) mean?

In the Money means that the binary options expire in your odds. If you trade a call option, the price needs to rise till the expiration, if you trade a put option the price needs to decrease till the end of the expiry time – In the case, an option ends in the money, you get back your investment as well as the additional profit! Out of the Money means the direct opposite, the option expired against your prediction, and you lost your investment! Read more about ITM and OTM here!

How much can you win if your trade expires “In The Money”?

This depends on your broker, but also on the asset you are trading as well as the expiration time you have chosen! You will know how much you can potentially earn before you enter the trade!

Are there good books for binary options?

There are only a few books about binary options trading, but many books about technical analysis and how to analyze the financial markets! Ensure to check back on this website in the near future for book reviews and more…..

DO I need to invest in order to try out the binary options principle?

No, you can open a free demo account at IQ Option for example in order to test binary options without risking any money – of course, you won´t make money this way!

I am new to trading and would like to start. Can you give me some advice?

Sure, just browse this website and learn more about the basics of binary options trading! Do not miss to search on youtube and Google for additional information about binary options trading!

What is the best “binary options trading pattern/strategy”?

There are too many factors define the best trading pattern for binary options! One reason is that the majority of a trading pattern is designed for a specific market situation. get this wrong and you will lose your money in most cases!

I’d like to trade binary options. Do I have to be 18 years old?

Yes, all regulated and the most un-regulated broker require a trader to be 18 years old or older!

How much can I earn trading binary options?

This depends on various factors! In the case you are an experienced trader it mainly depends on your performance, how much trades are you winning out of 100 on average? The other important aspect is your capital, the more you can invest in one trade, the higher your potential win in the case the option expires in the money!

Shall I lend money to invest in binary options?

No NEVER! Only invest the amount of money you can afford to lose! Even experienced Traders can lose their money!

Questions not answered in my binary options FAQ Section?

No problem! Just use the comment form on this binary options faq page and ask whatever you want related to binary option or trading in general! I will do my best to answer your questions as soon as possible!

FAQs about Binary Options

In this article we try to answer some important questions you might ask about binary options trading. All questions come from interested readers or platforms such as forums where traders find answers. We hope that we can answer some of your most important questions and ensure a safe start into binary options trading.

First of all, you should choose the right broker and the broker that we recommend is IQ Option, the market leader with a superior trading platform that is very easy to use.

Can you make money with binary options?

It is obvious that you can make money with binary options trading. The question is how much and for what time frames? When you just buy one option for $25, you can earn $20 when the option is in the money, but is this already making money? It’s true that you make more money than your initial investment but not necessarily over the long term. But when you can earn $100 each month with a $1,000 investment over a long period of time than you definitely can make money. Just finishing a few options in the money is nothing special but making money over a longer period of time is. There are many traders that make a living with binary options but they put a lot of effort into it and they know the market very well. If you think you can make a living after reading a book or following a few trading tips then you’re wrong.

Are there good books for binary options?

Yes, there are a couple of great books that teach the fundamentals of binary options trading: Binary Options (click here for more details) and Trading Binary Options (more details through this link)

Do you have to pay taxes on earnings?

This is a very tough question that is impossible to answer with confidence. If you’re a non-US trader you have to check your country’s tax law. For US traders, it’s not clear because binary options trading is fairly new. Common sense is that it belongs to capital gain/loss and you can deduct losses from other capital income. But it might be possible that binary options is classified as betting/gambling like horse races or the lottery. In this case, you can’t deduct your net losses. If you’re serious about making money long term you should hire a tax consultant.

What are the best platforms for novice traders?

All major binary option platforms (like SpotOption and Tradologic) are great platforms for beginners since they are very easy to use and navigate. Binary options trading is fairly simple and so are binary options platforms. If you choose one of our listed brokers we’re confident that you won’t have any trouble handling the trading platform.

Are there demo accounts?

Generally speaking, there are demo accounts for binary options traders but the offering is poor. Some brokers allow you to use their demo platform when you make your first deposit. Others limit it to a few hours of use and others don’t even offer demo accounts. Other brokers just offer trading simulations. Read our article about demo accounts for more details.

Many new traders are searching for demo accounts without registration such as is possible with Forex trading. With binary options trading, this kind of demo account can’t be found anywhere at the moment. It is possible that brokers may offer it in the near future.

What’s the difference between brokers and traders?

Some newcomers mix up traders with brokers. A broker is someone that gives you the opportunity to trade with binary options. A trader is someone that is trading (selling and buying options) and needs a broker that offers a platform for these trades.

Is it possible to trade Facebook options?

After Facebook’s IPO, many traders spotted the opportunity to make money with going short because they thought that Facebook stocks were overrated and that the price would drop soon. A couple of weeks later (in August 2020), it was clear that they were right and the question is whether the stock will drop further or consolidate. You can trade Facebook stock options at Traderush for example.

What bonus conditions are available?

Many brokers offer their new traders a welcome bonus to make their stay more comfortable. Bonus conditions and rules vary between brokers. One broker may let you withdraw the bonus money after buying or selling options for 15 times the bonus amount and other brokers for 25 times. This is a huge difference and you should study all terms and conditions before you make your deposit and then compare brokers before you decide to take advantage of a certain bonus offer.

Trade with the worlds leading broker and join 15 million other traders!

IQ Option is one of the most reliable and secure brokers and a safe haven for all traders. This broker is regulated by CySEC and offers options for as low as $1, plenty of stock options and a great trading platform!

Resolved: The most common Binary Options FAQ (with answers)

Many investors are not quite familiar with binary option but they are actually easier to use and play a crucial role in devising your investment strategy. In this article, we have described some common Binary Option FAQ that may help you get all the required information you need regarding Binary Options.

What are underlying assets?

Underlying assets are measured value of currency, commodity, and stock from which binary options are obtained. Most of the common assets include stocks, Indices, commodities (gold or silver) or currencies (USD, Gold etc.)

How to choose a Binary Options?

One of the most common Binary Options FAQ is related to making choice of binary options. Check below links for more details on how to choose Binary options.

Is binary option just one-time trade?

None of the binary options traders put a restriction on the number of trades. However, the open trade time is available for a specific period of time known as a window.

At which age can I start trading with Binary options?

Any person above the age of 18 years from any country should be eligible to work with the exceptions in those countries in which Binary Option is a completely banned. Most of the binary options websites require you to sign up and confirm your legal age before starting trading.

Is Binary options safe or a scam?

Binary options are safe and legit if trading is carried out under regulatory laws and conducted by a trusted broker.

In which countries Binary options are legit?

Almost all, except few countries where regulations/bans are imposed.

In which countries Binary Options banned?

Binary options are banned in only three countries namely Belgium, US, and Israel. US permits binary options trading by only through domestic and regulated trading only.

How to start investing with Binary options?

Follow simple questions mentioned below.

  1. Register with an online trading / broker of your choice from the recommended platforms.
  2. Choose the item/asset that you want to trade ( Currency choice of your country, in most cases it is either USD/EUR)
  3. Choose the amount of money you wish to predict on the asset. You can choose its rise by selecting Call (up) or Put (down) depending on what you predict will happen to the asset.
  4. Collect money/rewards/winnings after a period of time.
Can I open a demo account before investing real money?

Yes, you can open a free account on above trading platforms without investing a single penny. One of the popular platforms is Banc de Binary trading platform where you will get around $55,000 demo money for use.

What do you mean by call action and put action?

Call is the option you select if the value of the asset is going to increase. If you think that value will decrease then choose Put (down).

What do you mean by expiration time?

It is the time when the particular trading contract expires. It is the deciding time when you will be able to see the results of your investment.

What is time zone of expiry Time?

The expiration time is always mentioned in GMT (Greenwich Mean Time).

What do you mean by maximum winning percentage?

It is the percentage of the amount you will get on investment. For example: if the maximum winning percentage is 90% and if you invest $100, then you will get a net profit of $90.

Can I invest in Binary option with a Mobile phone?

Yes, you can start using binary options using a mobile device in some of the recommended responsive platforms mentioned above.

Are profits from Binary options taxable?

Taxation policies depend on the laws of your country. Therefore it is important to check the tax liabilities in your country.

What are the minimum and maximum trading limits with Binary options?

The permitted amount depends on the single trade ranging from 25$ up to $10,000. Also, it depends on your trading platforms.

What are ROI when Binary options expire with “Out of Money”?

You will lose investment when your binary option expires with Out of Money. In most cases a “Sell Option” is available, that means a trader can sell the position before expiration time at current prices.

What is “In the money” and “Out of Money”?

“In the money” means that you’re trading went in the right direction with profits while “Out of money” means that the trade resulted into a complete loss.

When to close a Binary options trade?

When you start with Binary options investment and start trading, you will have the option to select the time frame for which you wish to trade. Your trade ends after the expiration time is complete.

How long do I have to wait before getting my Binary options profits in my account?

After getting a successful message of Binary option, you need to wait for around 24-48 hours before getting the amount deposited to your account. Many websites take more than a week to deposit money, therefore you must refer to recommended platforms only.

Binary Options questions and answers will get you acquainted with the general process before planning to invest in binary option. Above are some of the common Binary Options FAQ that may clear out some of the underlying misconceptions about Binary Options.

Best Binary Options Brokers 2020:
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    BINARIUM

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    Perfect for Beginners!
    Free Trading Education! Free Demo Acc!
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  • BINOMO
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    Trustful broker.

Binary Options Trading School
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