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So if the timeframe chosen is 5 minutes, you can make 70 bucks during the time one might spend in the toilet. For example, if you win an option of 100 dollars, you should get something like 170 dollars. If you are right you win the trade, which means you get back the amount that was at stake plus your profit, which will range from 50% to 80% depending on the asset type and the time of the trade. Binary options are different. With this type of trading you simply have to say whether the price of an asset will go up or down in a certain timeframe (from one minute until one hour, one day or one month).

You can then use a binary options trading guide to look at the stock and see if you think it will go up or down in that period of time. Then you wait, and if, at the end of the time period your prediction was correct, you get a pre-determined percentage of the profits, as much as 85%! So, you choose an underlying asset, such as a company’s stock and you choose a time period. If you think it was go up, you place a call option, if you think it will go down, you place a put option. If you are wrong, you simply lose your initial investment.

That makes this calculator extremely useful as it saves loads of time. All you do is enter the data, and our calculator automates the profit and loss calculation. If you try to make several trades without a calculator, you will quickly see why you need one.

It might also be a good idea to get a charting software program which will give you asset charts in real-time that will help you make better decisions. Binary options are almost exclusively traded online, so you will need a relatively modern computer as well as reliable high-speed internet access so that you can react instantly to the market. Additionally, you might want to have a thorough binary options guide available to you. You also need an account with a binary options broker, which we will cover in the next section of this options trading guide.

If you are reading this article, it is probably that you searched in Google « binary options buddy 2 0 options for dummies », or you found this headline on the social media. It’s true… but only after you accumulate the right knowledge and a certain experience. I guess you got interested in the subject after you saw some very attractive claims of people saying you can make a lot of money in a very short timeframe. Here is everything you need to know in our digital options for dummies guide. But what is binary options, how to trade them, how to get started ?

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You have to understand and accept that you may lose whatever money you trade with. Most importantly, you are going to need money which you can invest in binary options trading. While the amount of money you use to trade with will vary from person to person, you want it to be enough money that you can survive downturns in the market when they occur. Do not continue reading this binary trading guide and start trading if you don’t truly understand the risks. And of course, you want this money to be disposable income that you can afford to lose. No options trading guide would be complete without informing of the high risks of trading options.