There are many important reasons why you can choose the OptionFair broker firm safely. Since 2009, this online options firm has been the most venerable and respected of all options traders. For so many years, there has not been any other binary options trader that has commanded the same level of respect and admiration as OptionFair has.
You can use three popular instruments to trade on OptionFair. They are the High/Low, Boundary, and One Touch.
- High/Low – You have to predict if the underlying price of an asset will increase or decrease. Sometimes you may have to predict relative to a target price. This is an easy way to trade. But price movement prediction is not something that you would do on a lucky-dip basis.
- Although OptionFair broker provides you all assistance in this regard, it is up to you to conduct the research. Remember that knowledge is power when trading in binary options.
- One Touch – In this type of trade, you have to predict if the price of an asset will touch a target price or not. OptionFair holds the distinction of introducing this feature. In short time, this feature was used by other online options platforms.
- Boundary – OptionFair sets two boundary price limits – upper bound and lower bound. You have to predict if the price of the asset will be within this boundary.
Why choose binary options
- When you trade on the OptionFair broker platform, your perceptions of this type of trading could change. If you are a new trader, completely new to options trading, then you are lucky if your first online options platform is OptionFair. But there’s a hitch here. It is most likely that you won’t leave OptionFair for anything in the world.
- If you are a newbie to binary options trading, you may be interested as to why you would choose options trading. The following are some of the reasons.
- Binary options is a relatively new way to trade. It is still under-construction – literally. Currently there are some straight forward asset categories and instrument types. This means that as a new trader, you won’t have to spend a lot of time learning to trade. You can literally start trading the moment you login to the OptionFair broker platform.
- Unlike conventional or traditional forms of trading that involves risk, binary options is a fixed risk form of trading. You know what your risks and rewards are at the onset. Nowadays, trading on the OptionFair broker platform is more profitable than stock or forex market trading.
- Your success or failure as a binary options trader is dependent on the type of platform you choose. If you have chosen OptionFair Trading then you are in the league of thousands of traders all across the world that is successfully using this platform.
- OptionFair provides you with the resources, tools, and technology to succeed. You have to optimize such facilities to your advantage.