AlphaBinary provides different binary options trading instruments in order to meet your preferences. One of them is the Classic Binary Options. It is a highly coherent trading tool which is feasible and suitable for both apprentice and adept traders.
AlphaBinary provides a neat and user-friendly interface in order to ease users trading process. Likewise, the classic binary options trading instrument has been designed to meet up to the high standards imposed. The simplicity of the classic option has propelled binary trading to new heights, enabling traders from different financial background to make the most out of it.
What Are Classic Binary Options?
Classic Binary Options is provided by almost all online binary options brokers. AlphaBinary traders can find this tool in the trading section of the website. It is the first instrument found on the left hand side of the tool bar.
Binary Options is also known as Digital Options or High/Low Options. It is one of the oldest trading tools used in binary options trading. It gained popularity due to its simplicity and its easy-to-use characteristic. In addition, it is a user-friendly tool which both new and adept traders can make use of. For example, if a trader is new to the world of trading, he can get acquainted with this tool first and then try other more complicated tools.
How Does Classic Binary Trading Work?
With AlphaBinary, it is very simple to open a trade with Classic Binary Options. This tool enables traders to choose a specific time-frame or expiry time, ranging from fifteen minutes to 15 hours. The minimum amount of investment for this tool is 35 AUD. Traders can also choose whether the price will expire higher than the current price or lower.
When trading with this tool, traders need to execute transactions by choosing either the Call or Put options. For example, if they think that the price of a chosen asset will rise, they should click on the “Call” option and if they think that the price of the asset will fall, they need to click on the “Put” option. This is literally the basics of binary options trading.
Benefits of the classic tool
It is very easy and simple to use. This tool is much sought-after by traders who are new to the trading industry. It has all to interpellate beginners with its simplicity and highly-rewarding approach. When used strategically, the Classic trading tool can be very beneficial for both beginners and experienced traders.
Traders can earn up to 85% payout with this tool. While some traders can use this instrument to initiate themselves into the trading sphere, others can use it to strengthen their strategies and ultimately reap high returns on investment.
Traders already know about their pre-determined profit amount. Unlike other types of investments, binary trading enable its users to know about how much they will earn or lose before the transaction reaches expiry time.
A trader can choose among exclusive assets to execute a trade. These assets include Stocks, Currencies, Commodities and Indices.
Traders will get the guidance of an experienced trader to advise them throughout their trading journey. If traders have any questions concerning its use in binary trading, they can contact AlphaBinary support team.
How to trade Binary Options with AlphaBinary
If you already have an AlphaBinary account, simply login. To be able to trade with AlphaBinary, it is very important to have a fully verified and active trading account.
If you don’t have an AlphaBinary account, create one here and log in. You will have to activate your account by submitting the required compliance documents and then funding it.
Then, go on the binary options trading platform, known as the Trading Arena on the menu bar and spot the Classic tool. Once this is done, you will have to choose an asset and specify an expiry time.
Then, decide on how much you want to invest on your trade. Bear in mind that the minimum amount of investment for the Classic Binary Options tool is 35 AUD.
The next step involves choose your position by clicking on the “Call” option if you think the price will go up, or a “Put” option if you think the price will drop.
The final step is to click on “Apply” and wait till the transaction expires to know whether you have won the trade or lost it.