How Do I Make a Binary Options Trade?
After completing your registration, depositing money and fully verifying your account, you can start trading in the trading arena trading page- no download required, with 3 simple steps:
- Choose an asset that you would like to trade as a binary option from the drop down menu.
- Select “High” if you think that the price will be above the current level at the expiry time. Select “Low” if you think that the price will be below the current level at the expiry time.
- Enter the amount you wish to invest and click “buy”.
In currency pairs, the first currency is the base and the second currency is referred to as the counter currency. So in the previous example, you are using USD to buy EUR. Your broker converts your existing currency into USD, and then uses that to buy EUR. When buying a currency pairing, you take what is known as a ‘long position’, and when selling you take a ‘short position’.