At this time, I am just sitting on my rocking chair and browsing on “How successful is Binary Options Trading in 2019”. In fact, I already found a lot of positive results on Binary Options and its future.
After reading a few articles, my opinion is getting much stronger than before. It is really possible to bring success on Binary Trading if you have proper trading skills.
As a result, I am here with some valuable information regarding Options trading. Before knowing the current situation of Options trading, it is necessary to know the history of this asset type.
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In this article you will find some historical data of binary options, advantages and drawbacks, Current situation, and its future.
What is Binary Options
Binary Options are financial instruments based on two possible outcomes. Either you will gain a lot or get nothing in return.
So, you have to predict the right future price. If your prediction goes right, you will get a return. If your prediction goes wrong, you will lose everything that you invest.
Binary options are very simple to trade. Most of the time, people who are inexperienced want to trade binary options . It is my recommendation to you, before jumping with your real money in any asset classes, please make sure that you have enough knowledge on that as well as the asset.
As a trader, you have to remember three things in each binary option trade.
- You have to pick an asset based on the underlying market price.
- Find a Strike price that works for you. Remember, the strike price is the price level.
- Select a proper expiration time.
History of Binary Options
The data shows that Binary Options trading existed for many years before 2008.
In 1973, Chicago Board Options Exchange launched officially. In 2007, they offered binary options for public trading or retail trading.
In 2008, The SEC approved the binary options and also approved as tradable investment instruments.
In 2009, NADEX launched Binary Options in the US. For that reason, It is regulated by the CFTC (Commodity Futures Trading Commission) and U.S SEC.
On April 2015 a report published by NADEX showed that, over the last 12 months, the trading volume of Options raised by 54%.
On November 2015, the active binary options trader was 2.5 million. This was huge within a short time.
On October 2016, the term “binary options” recorded 110,000 monthly search on Google which was almost the same as Forex trading.
Many of the people have a misconception about Binary Options. However, there are many successful traders who are investing their money and also getting profit.