Binary binary betting options and as they are known in the United Kingdom is essentially trades or stake in a future market direction. This is similar to spread betting and futures that they allow you to trade per item, but unlike spread betting and forward the amount you could win or lose is known since the beginning of trade.
When I say the amount that could be lost is known in advance, I mean simply unlike spreadbets and futures traders cannot lose more that the amount agreed at the beginning of your transactions. This makes binary binary betting options and very attractive to new traders and those who do not particularly like placing stops on the market.
Most dealers experienced the frustration of having stops suffered by the volatile markets only in order to move towards that foresaw or could have foreseen the market. However with binary binary betting options and this scenario is completely avoided as we are dealing merely with a result if market closes a higher or lower than the previous timeframe that you can opt for 5 minutes, 60 minutes, daily or weekly.
For example suppose we expect over the next time that a market we have chosen will rise and suppose the market this is 1234. Now if the market closes at the end of time above 1234 we win and if you do not lose. The price for a rise or fall normally comes 50/50 chance that if you can predict the market correctly around 55% of the time or higher will begin to make some good money and if you can predict the direction more than 65% of the time and then we can begin to build a successful merchant account.
So if you have developed a successful strategy or a trading system which has a higher than 60% success rate we recommend taking a look at binary betting and or binary options as an excellent alternative to higher risk products mentioned above. I think most people entering negotiations get suckered into products higher risk because they begin to believe that is where we make big money. The problem is that if you use more holding excellent products and your stop is lost, which can happen in a very volatile markets your exposure to loss is theoretically unlimited, which isn't a good place to be.
Would you like to learn more about financial fixed odds and Binary Trading including Binary options and binary betting and get your free Trading System?
Just visit us now at http://elmtrader.co.uk/
Neil is an author and businessman who runs a successful Trader Elm site
Article source: http://ezinearticles.com/?expert=neil_a_mann
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