How to Start Trading Binary Options

Here is an easy guide to getting started with Binary Options for those of you who are brand new.  This will get you set up and put you on the path to trading successfully.  For those of you unfamiliar with Binary options, we recommend you read our overview of what they are and how they are traded.

To start trading, follow these steps.

1. Sign up for a Binary Options account with a reputable broker. If you are from the US/Canada or Australia then start trading binary options here.

Rank Broker Min. Deposit Max Returns Features Review
1
review $50 200% + $50 CASHBACK
TRADE NOWREAD REVIEW
2
review $100 85% + CYSEC REGULATED
TRADE NOWREAD REVIEW

2.Deposit your funds so you are ready to take advantage of opportunities when they arise, but do not begin trading live yet.  We recommend starting with a small deposit, not more than between $200-$500 is needed but this is up to you.

3.Set up a demo account, this should be extremely easy with the broker to trade in a sandbox mode.

4.Read our binary option trading tips.  This guide is a basic overview of strategy for new traders.

5.Place at least 20 trades in demo mode before making one live trade.  At this stage your focus is on getting a feel for the trading platform and entering trades correctly, as well as beginning to develop your read on how the market moves and factors that influence movement.

6.Begin placing live trades, not more than $5-$10 dollars per trade.  Remember the goal is not to make a million dollars with one trade, it is to systematically make money over time.  You need to start small in order to trade with a clear head, and to work on your strategy without taking a huge risk at this point.

7.Contact us if you would like help with your trading or developing your strategy from this point, remember we are here for a resource to help you learn and grow as a trader.  Things to keep in mind: what time of the day are you trading? What are you using to indicate a trade setup? Did you write your rules down and are you following them every time?  Are you using larger size when you have more conviction on a trade?  Let us know what you are doing and we will help.

This is a guide to getting started.  For more advanced strategy read our posts and strategy guides, and feel free to contact us.  The more you learn the higher the probability of you making a lot of money, so we recommend it.

Daniel Major

B.S. Degree in Economics and Finance. Professional day trader. Live and work in Manhattan, NY, NY.

Page Updated: September 13, 2017

10 thoughts on “How to Start Trading Binary Options

  1. Would be great to get some help starting up. I have set up a demo account and I have been using it the last couple of weeks, have been making money on my demo account and getting much more comfortable but want to be far more prepared before depositing money. Would you have any tips or maybe a reading list for getting to know/understand the markets better?
    Maybe tips/reading list to learn basic forecasting theory from the ground up? Thanks guys

  2. There are two ways of learning in Life: learning by doing or learning from others. Learning by doing is certainly possible, but you will spend more money. Why? Because you have to “finance” your losses. You will have – no doubt – a string of losses, until you master the art of trading with Binary Options. Many Beginners take this route. It seems so easy.
    Just open an account, fund it and start hitting the buttons. The awakening comes once the account is empty! In order to avoid this and make the journey more pleasant and easy you can use several tools and support systems: Binary Options Managed Accounts, Binary Options Trading Signals and/or a good Binary Options Education.Binary options trading is very easy means getting money online and get rich in no time it all depends on an investment,With a good strategy, a regulated broker that won’t rip and strategy,research and some knowledge on price action, support and resistance you can make very good profits it will bring hug return of profit from this you can be financial free and you wont care about your bills any more with a minimum investment of $300 you will be able to get not less than $4200 or even more if you start with a minimum investment of $500 you will be able to get not less than $7500 if you start with a minimum investment of $1000 you will be able to get not less/Than $18,000 weekly or even more if the market is very profitable. Before getting into binary options you need to have a good amount of knowledge and regulated broker feel free to contact for assistance if you want to start trading binary or info on strategy,softwares, trading or how to trade profitably via email

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