Hey guys, This post is going to be a little different, Instead of talking about Android, Today I’m gonna show you how to make money on your Android with Binary Options trading. Now don’t get scared by terms like binary options and other big financial terms, Options trading is actually really easy to understand, even for newbies.
A quick note before I start: Please keep in mind that there is a risk of loosing money as well. You have to be careful and learn before you invest any money. I hope this post will help you to learn and to get started but I take no responsibility in any case you lose money.
Binary Options Trading
Binary options trading is the easiest way for the public to make some profits by investing in the stock market. Unlike the regular stock market, Binary options traders can invest as much as they want without the need to buy the full price of a stock. Furthermore, Binary options trading is much simpler and user-friendly than the regular stock market, which makes it much easier for the traders to profit.
With binary options you can bid on almost any financial product like stocks, currencies, indices and a wide number of commodities such as Gold, Silver and Oil. A binary option is a financial tool that lets the trader to predict if the market price of an asset will rise or fall within a certain period of time.
Each trade can be on a short-term or a long-term, between 1 minute, 30 minutes or one hour while certain trades can also expire at the end of the trading day.
LBinary Android App
On the first screen after the log-in you’ll have to choose between the different trading methods you can use. There are 60 seconds trades, long-term trades, pairs and one touch trades. While all those options are great, I found the 60 seconds kind of trading to fit the most for trading on the go using a mobile phone, but that might be just my opinion.
After choosing your preferred trading method, the next screen is the Assets list. Here you can choose what assets you want to bid on. Depending on what trading method you chose, LBinary offers a large number of trading options, starting from a large section of stocks, indices, currencies, to a wide number of commodities. Here are some examples:
- Stocks: Apple Inc., Barclays PLC, British Petroleum PLC (BP), Facebook, Inc. (FB), France Telecom, Google Inc. ETC…
- Indices: Dow Jones-30 Future, Nasdaq-100 Future, S&P-500 Future, CAC-40 Future ETC…
- Commodities: Gold, Gold/Euro, Oil and Silver.
- Currencies: Euro-US Dollar, Great Britain Pound – US Dollar, Australian Dollar – US Dollar ETC…
The next step after choosing the assets is to start trading of course. In order to benefit you’ll need to choose if the asset price will go “Call”/“Up” or a “Put”/“Down, in a fixed period of time which depends on what trading method you chose on the first screen. (You can always go back and choose a different method, just touch the ‘products’ tab on the bottom left).
For example: Let say you chose a 60 seconds kind of trade and you chose gold as your asset. You can see the bar on the graph which moves and shows you the current position of the gold price. The whole idea is to predict where the bar would be in 60 seconds from the second you start. By choosing “Call” or “Put” you actually choose whether the bar will end up above the starting position or whether below. Pretty simple. After 60 seconds you’ll know if you won or lost, with a green or red color pop-up.
Take a look at the video for a good example of a successful 60 second trade:
On the ‘Portfolio’ tab you can see all your positions, both expired and currently running trades.
I hope this post will help you to get started or at least to overcome the fear of the stock market and binary options trading. If you have any question just leave a comment below, I’ll be happy to help.