Top 10 Questions People ask About Binary Options 

1. What are binary options and how do they work? Binary options provide a simple way to profit off market movements. Traders predict if an asset will rise or fall in a set period of time.
2. Is binary options trading legal? In the US, binary options are legal when traded through regulated brokers like NADEX. International regulation varies so check your local laws.
3. How do I get started in binary options trading? Start with a small demo account to learn strategies. Fund a live account and practice disciplined trading with a strategy. Monitor trades closely and adjust your approach.
4. What are the best binary options strategies? Common strategies include trend trading, range trading, candlestick patterns, and trading around economic news releases. Spreads are also popular on NADEX to limit risk. See Binary Options AUTHORITY – they are the best
5. How much money do I need to start binary options trading? Most regulated brokers allow accounts to be opened with deposits as low as $100. Manage your risk by starting small and working on developing your skills.
6. What binary options assets can I trade? Popular assets include forex pairs, commodities, indices and stocks. NADEX offers additional options on economic data like interest rates, GDP and unemployment reports.
7. What is the profit potential in binary options? Returns are capped but can be very high, such as 75% on regular binaries and up to 500% on lower probability trades. With experience and proper risk control profits can become quite sizable.
8. What is the best binary options broker? Consider regulated brokers with a variety of expiry times, low deposits and payouts over 70%. NADEX excels for US traders. Most brokers offer demo accounts for becoming familiar with their platforms.
9. How do I avoid losing money in binary options trading? Develop a trading plan, use risk management with strict stop losses, diversify trades, track results and adjust strategies that are not profitable over time. Patience and discipline are key.
10. Are there any binary options scams to watch out for? Unfortunately there have been many unregulated scams in the past. Conduct due diligence on any brokers – only trade through properly regulated firms like NADEX. Be wary of any promises of high returns with no risk.

It takes some practice to become good at binary options trading, or any trading – but compared to the practice it takes to learn just about any other skill – it doesn’t take long at all to become a good trader with a good binary options system.  Get good at a binary options system.  Trying to get good at crystal ballin’ it or tapping magic intuitive super powers, sounds cool and all but… especially with day trading that’s mostly a big waste of time and money for most everyone.  Get a system or make your own.  “Get good” at making money consistently – life is much more fun that way.