When you deposit money in OptionFair, Visa, moneybookers, and wire transfer are some of the ways you can make the initial deposit. After you make the initial deposit, you are entitled to a 30% bonus. This amount is credited back to your account.
You have to employ certain strategies when trading in binary options. When you are on OptionFair, you can come to know of such strategies in due time. You are provided all resources and information to make your transition to a successful binary options broker.
OptionFair trading instruments and how to trade in them
OptionFair offers three types of trading instruments. They are High/Low, Boundary, and One Touch. The following are tips to trade in these trading instruments.
Trading tips in High/Low options
Your journey to success starts from the moment you deposit money in OptionFair, visa or credit card could be the medium you may use. If you are a diligent student of options trading, then success is yours.
High/Low is one such feature that is popular with traders – experienced and novices. You have to determine if the price of the asset will increase or decrease relative to a target price. What type of assets do you select? You select top stocks for High/Low options.
Begin by making an initial investment into OptionFair. Visa or PayPal are two of the many ways you can make this investment. Choose a top stock such as Apple or Google. You know for sure that there is less volatility to such top stocks. If it is going down, it does. If it is going up, you know the triggers that will make it do this.
Before beginning to trade use the chart analysis that OptionFair Trading provides you. Conduct your own research on the prevailing market status quo.
Trading in One Touch options
The One Touch option is based on a target price set by OptionFair. You have to predict if the price of the asset will touch this target price. The best assets to trade in One Touch are stocks. But it has been understood that many traders were successful using commodities. Some commodities such as Gold have a one-dimensional price movement. Going by patterns, you know how many units a commodity will increase or decrease in value.
Trading in boundary options
Boundary options are based on lower and upper boundaries relative to the price of an asset. You have to predict if the price of the asset will stay within this upper and lower price boundary. The best assets to trade in Boundary options are currencies.
Success tips on OptionFair
You then proceed to learn, read, assimilate, and put into practice your knowledge. Life can be easy as a binary options trader. But the challenging thing is to stay consistent. That is what differentiates a great trader from a good trader.