January, 2021 - This binary options in 2013 guide explains what binary options is how to it works. You start off opening an account at a binary options broker like EZTrader. You do not have to deposit but if you want to make a financial bet you will eventually need to. Binary options trading does not require thousands of dollars like other online investing services. EZ Trader has a minimum deposit of just $250 and you can make several different wagers with this much. Our 2013 EZtrader review explains how to claim this bonus. Next you will need to choose one of their many assets. This includes currency pairs, commodities, indices and stocks. Here are a few examples:
- Currency pair: US Dollar vs Euro, British Pound vs Canadian Dollar, Japanese Yen vs Chinese Yuan...ect.
- Commodities: Gold, oil, silver, cattle, corn and copper.
- Indices: NASDAQ, FTSE, S&P 500, Dow Jones, AMEX and Russel.
- Stocks: eBay, Apple, Microsoft, San Disk, Las Vegas Sands, BP, Netflix...ect.
- Visit EZTrader.com - There is a special bonus attached to this link.
Out of hundreds of options you will need to find one that you think will lose or gain value. They call it a trade but it is more of a bet since you are not purchasing or trading or investing in any stocks. Each asset has a profit percentage attached to it, here are some examples:
- JP Morgan Chase - 120%
- Ralph Lauren - 105%
- Facebook - 72%
If you want to bet that it will go up it is called a "call". If you think it will go down it is called a "put". If the asset stays the same or moves just .001 in the direction you choose you will win. A winning $300 trade/bet on JP Morgan would result in a $360 payout, plus your original $300 bet. You also get to specify a time frame. This is the coolest thing about binary options sites like EZTrader.com in 2013. It does not take long at all and this is why so many sports bettors are doing it. You can choose anything from 60 minutes to 3 months. I prefer 1 hour trades because I want to win money quickly, just like betting on a basketball game.