Best Advice on Binary Options Earning Potential in South Africa

Best Binary Options Brokers 2020:
  • Binarium

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

  • Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

Advice on Binary Options Earning Potential

South African traders who invest in binary options are mostly driven by the possibility to achieve earning potential while trading.

Most of pro traders who trade binaries for years are able to maximize profits by using a variety of trading tools and strategies which can be very useful in the binary trading process.

Are you a South African trader? Are you eager to find out out advices on binary options earning potential? Check further our guide and see how to benefit from binary options and have a successful and profitable trades.

How to Utilize Binary Options Earning Potential?

For several years now, binary options industry is an attractive online trading type thanks to many advantages, such as high payout option which can vary between 75% and even up to 100%. Also, trading binaries enables traders in South Africa to join this industry regardless if they are experts or beginners in binary options trading.

Traders might wonder is it possible to make thousands of dollars since on the web it is possible to find different opinions regarding how to trade binary options and what can South Africans expect after they deposit with a specific broker.

This guide will provide traders in South Africa advice on binary options earning potential in order to become more successful trader.

Initial Steps in Binary Options Trading – South Africa

Binary trading in fact is simple, with just two possible outcomes; yes or no.

One of the reasons for sudden popularity lies in the fact returns are high in this industry as well as simplicity when trading. Trading binary options is completely intended for traders novices as well as professional traders who understand how binary trading works and how to benefit from it.

With majority of reliable binary options brokers such as listed on our broker list, payouts vary between 70 and 95%, depending on a broker and platform, which is different for each binary broker.

Majority of South African traders prefer trading with a shorter periods of time, such as 60 seconds or few minutes. The whole idea behind this online trading type is not to sell or buy any positions, but to bet on prediction of a price movement for a specific expiration time on open positions.

Best Binary Options Brokers 2020:
  • Binarium

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

  • Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

Choosing the right reputable broker is key to success when trading binary options. We recommend traders to trade with regulated binary options brokers, such as those listed on site in order to have option to trade binaries on trusted trading platform and maximize profit in order to increase their trading portfolio.

Brokers such as 24option, Banc de Binary, Daweda Exchange, IQ Option etc are all reputable binary brokers with a safe platform for South Africans to trade on and earn money in.

A common delusion for those people interested in binary trading is that it takes a trading expert to be able to accurately predict price movement of assets and increase binary options earning potential.

It is far from the truth since there are many education materials and sites such as which provide objective information about binary options trading, what are often issues traders encounter and what is the best way to maximize profit.

Be Ready to Learn Binary Options

Regardless of simplicity level in binary options trading, traders in South Africa are advised to learn more trading tips and tricks in order to have a successful trades and exploit binary options earning potential to the maximum.

Education is an important segment of successful binary trading process which can teach traders more about improving trading skills and of course, avoid scam brokers. It is important for South African traders to know how to gain money, it takes more than rely solely on luck factor.

A lot of brokers offers exquisite guides and Education Center for registered traders to learn more and become experienced.

With 24option broker, South African get amazing list of Education edu help in terms of latest market news, ebook, webinars and materials which should be enough to cover knowledge for beginners, intermediate and advanced traders.

This is an excellent way for all levels of traders to know more about the trading process and what features and strategies can be used when investing in binaries. With access to education materials, South African traders are able to gain more trading knowledge which can strongly influence on their trading moves in the future.

With information such as market news and reports, traders can learn more about the latest updates on financial market.

This can be relevant regarding the asset type traders choose to invest in. Since traders have option to trade with currencies, stocks, commodities and indices, reading market news can assist traders to detect possible change on the market. The whole idea is to become better in prediction of price movement with a specific underlying asset.

How to Trade Binary Options as a Beginner?

Binary trading requires basic knowledge, patience and common sense. In this article we guide South African traders through all the steps necessary to place a successful trade in binary options.

As always, we recommend trading only with regulated and trusted brokers such as IQ Option for added benefits such as a free demo account, $10 minimum deposit and only $1 minimum investment. For more brokers, see our broker page. Let’s get started.

What Are Binary Options?

Binary options are nothing else but a prediction of an asset’s price direction in a prespecified amount of time. The price doesn’t have to go too high or too low for traders to make a profit. All they need to do is predict whether the closing price will go higher or lower than the opening price as shown in the figure above.

If the price stays the same, then traders receive their investment back. If the trader predicts correctly, then the profit made can go up to 91% depending on the broker and the asset. On the other hand, if the prediction is wrong, then the trader loses the investment.

Example of a Binary Options Trade

Step 1: Register with a trusted binary broker

Registering with most binary brokers takes only few seconds. All you need to do is fill in the boxes with your email and a password. You also have the option to continue with your Facebook or Google account or simply fill in your personal details like name and surname.

Step 2: Practice with the free binary options demo account

Practice binary trading with a free demo account available to South Africans, before switching to a live account in order to get familiar with the binary trading platform. In this section there is a detailed explanation on how to place a successful trade with the legendary IQ Option platform. Once you feel ready you can switch to live binary trading which is done exactly in the same way as explained here.

Select Asset

To start with, traders need to select their asset from the drop-down menu as shown here. A large selection is available as always by IQ Option.

Set the investment amount

Then, set the investment amount as shown below by clicking on the amount box at the right-hand side of the trading platform. This can be as low as $1 so that novices can start trading with a low investment capital.

Set the expiry time for the binary option

Once the investment amount is set, traders need to select the expiration time. There are binary options available from 60 seconds to the end of the month as shown below. You can even see that the profit percentage changes according to the expiration time. Longer expiration times will offer lower returns.

Once you choose the option’s expiration time then, you can place as many binary trades as you wish.

Choose the direction you expect for the price in the future (Higher or Lower)

This can be done by choosing the price direction, either by clicking on the higher button if you believe that the price will go higher than the opening price.

On the other hand, traders can click on the lower button if they believe that the closing price will be lower than the opening one as shown here.

Wait for the binary option to expire

Finally, you wait until the expiration time comes and if you have won then, the amount will be shown in a green box as shown in the picture below.

Step 3: Make a deposit and switch to live trading

Making a deposit even in South Africa is pretty simple and requires only few minutes of your precious time. Simply click on the green deposit button at the right top corner as shown above and follow the instructions. You are now ready to start trading.

Risk Warning: As always, we inform our readers that trading involves risk. Always invest funds that you afford to lose.

Best South African Binary Brokers

In binary options industry exists numerous binary brokers who operate in countries all across the world. Some brokers offer their trading platform and services to traders worldwide, including South Africa while other operate on financial market excluding USA or few other Asian countries.

The most important “ingredient” of binary options trading is to find a binary broker which provides a quality service.

How to Spot a Quality Binary Options Broker in the Industry?

There are few signs which can be useful to know before you make a decision on how to pick a specific binary broker. More detailed information you can find below.

There are a lot of brokers who accept traders from South Africa. Some of them are regulated while others are not, but they all give their best to provide South Africans a wide selection of trading tools and service that can lead to earning money when trading binary options on financial market.

Binary options trading does not require any previous trading knowledge. Traders can learn all that when they do research, as advised, and get a bigger picture on what trade options exist and what trading strategies can be used in the trading process.

Below in this table, you can see the list of binary brokers operating in South Africa which have been reviewed by us.

Awarded brokers in South Africa.

Best Brokers

  • Broker
  • Min. Deposit
  • Min. Investment
  • Regulated
  • Trade Now
  • Broker Review
  • Why are People in South Africa Interested in Binary Options Trading?

    Binary options industry is very popular worldwide, which also include South Africa.

    People like the fact that it is possible to achieve success and maximize profit with binary options in short period of time. Some traders prefer riskier trade option, such as 60 seconds, while others prefer a little bit longer expiration time.

    Expiry time can range from 60 seconds, over 2, 5, 15 minutes to hours and end of day or month. All that depends on binary options broker who provides such a possibility.

    Excellent thing with binary options trading is the fact that it is known in advance what is your possible money gain or even money loss.

    That is why binary options are actually called options with fixed payout. This way, there is no chance that you can lose great amount of money without having awareness that it is possible, unlike in forex trading where such situations can happen.

    We believe that all above mentioned, together combined, has made this industry to be so popular and widespread among South Africans and traders around the world.

    Available Trading Features with Binary Brokers South Africa

    Popular and reliable binary brokers are consistently trying to provide as many useful trading features and service, which can be used in the trading process and enable traders to maximize profit while trading binary options.

    This is why security comes first.

    By having safe trading software, half of work is done because good software protect personal and financial data of their traders. Afterwards, all other features and trading instruments comes in the picture. Those things keep traders interested and then they choose among many available trade options and underlying assets to start trading.

    Services, such as demo account and mobile trading are among the most popular trading services in binary industry.

    It enables traders to continue trading binary options when they are on the go and not necessarily to be in front of their monitors. On the other hand, having demo account is an excellent way for traders in South Africa to improve their trading skills and be more efficient in binary options trading.

    Demo account is intended for both beginners traders who aren’t confident enough in their trading knowledge and want to check the trading platform at no risk. This is possible because in demo accounts, traders don’t actually place trade with real money, but instead they use virtual one. So to have such a possibility to try out the platform and practice different strategies at no risk is more than useful in binary options trading.

    Is Trading Binary Options South Africa Safe?

    For traders, it is important to know whether binary options trading platform is secure or not.

    It is no wonder why so many traders wonder will they make a mistake and choose broker with whom they will have problems. Majority of brokers are trustworthy and they conduct a transparent business but there are always few brokers who are scam and it is important to wisely choose a good broker.

    Brokers who are regulated obtain rules and regulations so that South African traders can be satisfied knowing that they will keep their funds safe. On the other hand, offshore brokers who operate on South African market are conducting also transparent business and on their sites they have clear terms & conditions.

    So we can not actually say that offshore brokers are scam because they don’t obtain regulation licence. We always recommend our readers to carefully read all broker reviews and see do they prefer a particular trading platform to start trading and earning money with binary options.

    Best Binary Options Brokers 2020:
    • Binarium

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

    • Binomo

      Trustful Broker. Recommended Only For Experienced Traders!

Like this post? Please share to your friends:
Binary Options: How To Start Trading
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: