Frequently Asked Questions on Forex Trading

online trading » Binary Options Trading in South Africa » Frequently Asked Questions on Forex Trading
Frequently Asked Questions on Forex Trading 2018-09-21T18:31:19+00:00

It is important for any trader wishing to begin investment in binary options to conduct extensive research before beginning. This is why we’re here to help you.

How do I get started?

After registering your account with one of the websites we’ve provided, along with giving the information required to be entered, any trader is able to begin investing. Accounts are generally free on most websites, making it easy for anyone to sign up.

By linking your account with your bank account, you can place a small amount of funds in your investment account to be redistributed into investments. With some websites your account can begin investing with as little as a 12 rand deposit, but generally deposits range from six hundred to over one thousand rand.

 

What can I trade in?

 

With binary option investing, you can bid on the price of nearly anything. Many investors see the most success in the industrial field.

Others bid on the price of specific companies to even the potential real estate value of buildings.

Open twelve hours a day, the market operates and places its trades from 22 GMT to 22 GMT.

 

How do I place a trade?

By using the websites we provide, we make it easy for you to navigate the trading process and conduct your business.

 

What are the dangers of binary options trading?

 

With any investment comes risk, however dangers can be significantly minimized by using the right tools and choosing the right investments. Due to the gambling nature of the independent market, it’s possible to lose a large part of your investment if you are not careful enough.

 

How can I protect after these dangers?

 

By choosing the correct brokerage, or the one that fits the most to you, you can feel assured that a general rule of ethics comes into place. They protect for future financial disasters, as well as direct your binary options investments on a day-to-day basis.

Generally it is hard for your investment to lose a significant amount of money, as the brokerage you’ve chosen will normally not let you lose more money than what was initially placed into the account. This means you can feel confident to trade on the market, without the risk of losing it all if you operate independently. This functions for many websites available for binary options trading as well.

What if I want to go independent?

Many South African binary options traders, working through online websites such ourselves, work as their own brokerages and use the websites support staff as their guide for any potential problem. By sending a question, or concern you may have, your problem could potentially be addressed.

What is a pip?

A pip is how traders track and measure the price movement of an asset, broken down into a micro interval. Typically, a pip is worth one unit of the currency it is trading in.

How can my small investment grow?

After investing, you are able to place trades in intervals. If you bid that the price of gold will rise $10 from $40, and you find that you are correct, you will gain the $10 that you bid. Over time your success in doing so will grow your funds to whatever amount you wish, and can be diversify to include multiple trades at one time.

How can I find the support team?

By using our own email listed, as well as the email and live-chats in the websites we have available, access to the support that you need is possible.