A couple of years ago, stocks and indices were the only underlying assets for binary options. However, financial markets have evolved since then. These days you can trade binary options on virtually any underlying asset. Currency pairs are no exception.
Options are a good means of making money and hedging against major risks. The main task is to choose the right direction of the forthcoming price move in the market of the chosen underlying asset.
Strategic and Tactical Benefits of Binary Options
According to Eugene Olkhovsky, Masterforex-V Academy’s leading experts in financial markets from Canada, today there are many broking companies who offer binary option trading opportunities. The binary option industry is booming since binary options offer traders a lot of benefits, including:
· fast profits on short-term options
· predetermined risk and reward
· no need to monitor open trades, which saves you a lot of time
Accessing Binary Options
Ay trader values comfort and efficiency when it comes to trading conditions. Almost all brokers are currently offering their own trading platforms for binary options. Those platforms are limited in functions, especially when it comes to trading binary options on currency pairs. This forces Forex traders to use MetaTrader4 to analyze the situation prior to opening a trade in one of the mentioned trading platforms designed to trade binary options. Apparently, such traders would like to have an opportunity to trade binary options of currencies right in MetaTrader4. Luckily, there is a way out for them.
GrandCapital: Binary Option Trading Via MetaTrader4.
There is a special page on the company’s website dedicated to the new Option account - https://grandcapital.net/eng/trading_conditions/option/. It reads the following:
Trading conditions for the Option account
The easiest way to trade on Forex!
Option account - Trading account, in which a trader buys a Binary option. Which means that you’re making a stake on the lowering or raising of the rate of the selected asset after a specified time.
This type of account would be interesting as for the beginners and for the experienced traders due to its simplicity, fixed risks and opportunities to build a specific strategy that does not depend on the sudden change of the market situation.
Minimum bet is $ 1, the duration of the transaction from 4 minutes, the opportunity to try out the service in demo mode - this makes an Option account an attractive and powerful tool to make profit on Forex.
Principles of trade
To open a transaction on the account, you need to specify the parameters:
the amount of the transaction,
the time for which the contract was concluded,
type of the option (call / put).
ADVANTAGES OF THE OPTION ACCOUNTS
Simplicity
At the conclusion of the transaction you only need to specify the amount, the time on which the contract will be concluded and the type of option - nothing else is required.
The speed
The result can already be seen after 3 minutes! (this is the minimum duration of the transaction).
All of the risks are fixed
Possible loss (as well as profit) is strictly limited, are known in advance and do not depend on the changes of the tools with which you’re making the transaction.
You can build a strategy, which would be independent from sudden changes in the market conditions (News for example). Also you can reduce the risks from the transactions made on the spot rates.
For more details, including trading conditions, please visit https://grandcapital.net/eng/trading_conditions/option/
