The very idea of working with binary options is to forecast the price changes of a certain asset (a currency pair or a commodity). You do not need to know the exact rate in order to gain profit, you just need to forecast the rise or the drop of the price, i.e. whether the chart will move up or down.
Binary options will help you make profit by simply defining whether the euro will be cheaper or more expensive against the dollar.
Every option trader knows all the risks and possible income in advance. Profits and losses are taken before the trade opening! The profit could reach up to 90% of the trade amount!
In addition, binary options are simple and accessible. When working with them, a trader does not need large investments. The minimum trade amount is $1 on OLYMPTRADE, and the minimum deposit amount - $10.
There are two types of options on our platform: classic and time.
Classic options are known as UP-DOWN trades; while trading them you should choose not only the trade amount, but also the period for which a trade will be opened.
Time options are an up-to-date and convenient way to trade on active market. To open a trade, you should choose the option expiration time, i.e. time of trade execution. If you forecast the correct direction, you will profit up to 90% of invested amount.
Multi-trading is performed with the use of "time-options": no matter how many trades are opened (by the specified expiration time), all of them will close simultaneously.
Please pay attention: if the candlestick timeframe is less or equal to trade expiration time, the trade will be closed at the specified time at 00 seconds, when a new candle starts formation.
OLYMPTRADE offers trading on currency pairs, commodities, stocks of the world's largest companies, as well as the major stock indices in Europe, Asia and the USA.
Your possible profit depends on your investment. So in case of successful forecast you get up to 90% of profit from your initial investment.
Decide on whether the price of an asset should go up or down.
In order to close a trade before expiry in the OLYMPTRADE web-platform, please process as following: your opened orders are displayed at the bottom of the platform; the last "Sell" column indicates the value for selling an option before the expiry (the refund amount). If you decide to close the trade before the expiry of the option time, you need to click on this button.
Please note that «Time left for buyout» shows the time interval after which the option is available for purchase (the time left for the trade opening).
«Time left for expiry» is the time before the option expiration, meaning the main condition must be fulfilled after the time period finishes. Time of option expiry is clearly defined on the platform.
In fact, it indicates how long you will expect the result of the trade after buying an option. When trade time expires, the trading platform checks whether the current price of an asset corresponds to the set conditions. In case of a positive outcome, you make a profit; in case of non-compliance with conditions - lose the trade amount.
In the right column you will see how many minutes and seconds you have to buy a binary option.
A binary option will be opened instantly. You can close an unprofitable trade at any time as long as the «Sell» button is active, in order to return a percentage of your investment back to the account.
Note: it is impossible to open a new option 1 minute before the nearest expiration time: you will be offered to choose other time.
If your forecast is correct at the time of the expiration, and the price will be at least 1 point higher (lower) than at the opening time, you will make a profit of up to 90%. If the direction has been chosen incorrectly, the loss will be equal to the trade amount.
None of the investment tools, as well as the bank deposit, will allow you to achieve such a large profit in a short period of time.
Working with binary options does not imply having profound knowledge of the market and the study of complex trading terminals. You do not need to download any additional software. Some basic knowledge of the market and the access to economic news will be enough for getting profit.