Hello and thank you for visiting Lemon Binary! My name is James and I have been Trading Binary Options for a little over 2 years now. I have created this website in order to help traders profit in the binary options industry and get people away from the terrible “get rich quick” scams online.
This website contains many Binary Options basics for newbies as well as advanced strategies for more savvy traders or perhaps those who already have some experience in trading.
You will find in depth knowledge and information about Binary Options Strategies, Binary Options Brokers, tip and ticks, indicators, as well as a great deal about the psychology when trading and how you can overcome some of the barriers that will separate you from the other traders that lose.
I encourage each and every one of you to engage and show your support by sharing and commenting on posts and videos. Lets put the Binary Options Scams out of business and make way for only the reliable players in the industry!
What are Binary Options?
Well it’s actually really simple. A trader decides to place a trade on a movement in the market. They place a trade on either a call option (If the trader predicts the market to go up in price) or put option (If the trader predicts the market to go down in price). The option has a timed expiry, for example, if a trader places a call option on GOLD for an expiry of 14:00, if when the option expiries and the price of gold is higher than when the trader entered, the trader successfully wins the trade. A Binary Option can last anywhere from 15 seconds to 180 days. If the trader’s prediction is correct, they would get a percentage back on their investment. A winning trade usually gets somewhere from 70% – 90% back from the original investment. However if the trader is wrong, they would lose their entire investment, hence the term “Binary” – 0 or 1 : win or lose.
The advantage of trading Binary Options is that a trader can chose his risk from the start of the trade and, unlike forex, stock or spread betting, the trader doesn’t have the ability to edit those conditions, they can simply place a new trade. Another advantage is that you can profit in any market condition from just 1 micro pip worth of movement on an asset. The most common types Binary Options assets are forex pairs also known as currency pairs (e.g GBP/USD or AUD/JPY) and commodities (e.g GOLD or OIL). It is believed that these assets are used due to the higher volatility and volume of said markets.
Best of luck with your trading,