Trading binary options in south africa
Should you lose on a trade, it will be an insignificant amount compared to the potential profits you can make. For some quick profits you can make, the risk is relatively minimal compared to other forms of trading.
Open a free account , practice first, make your first deposit and start your journey to prosperity. A quick guide to trading Binary Options Binary Options trading is perfectly legal for anyone in South Africa over the age of eighteen.
Trading Binary Options you get the opportunity to predict what a price will do. There are only three possible outcomes. Either the price will go up or it will go down, or it will stay the same. Binary options follow the performance of real stock markets and real foreign exchange markets. All the information you need you can get on the platform you choose. You believe that the rand will go down in value against the dollar. If your prediction is wrong, you will not lose more than what you put down.
Binary Options trading is not like conventional trading. You can set the price movement prediction at a few minutes or a few hours.
One minute trading is highly popular because you can make quick profits in a short period. You have to predict what will happen to the price in the next 60 seconds. You will know within a matter of seconds and profits will be allocated instantly. You can then release your profits into your bank or credit card account whenever you are ready.
Or you could use your gains and make more Binary Options trades for a chance to build up your earnings pool. USD to ZAR The perfect investment opportunity for you Binary trading is an excellent opportunity to launch a second income for business people, retired individuals, or anyone with time in the day. This information includes the trade you have opted for how much you are investing in that commodity, currency or stock to go up or down and how much profit you stand to make if your prediction is correct There is nothing more you need to know to make quick investment gains online.
A simple concept that is easy to understand Binary options trading is simple to learn. Minimal risks — Maximum profits The thing that attracts so many people to trading Binary Options is the low-risk factor. Where we fit in We are official South African advertisers for Binary. We allow you to: They are allowed to offer trading services to South African traders and are generally perceived as very reliable among investors.
Until South African authorities decide to regulate the online financial betting sector, traders will have to continue seeking trading accounts from offshore brokers.
Although regulations from South Africa would technically offer the utmost security to traders, foreign brokers licensed in other jurisdictions are currently the best choice for South Africans.
The agency was created in and over the years, many acts have been added to expand its role. Both of these acts now allow the FSB to inspect market conduct within the banking industry as well as work to fight money laundering. The FSB supervises capital markets, financial services providers, insurers, credit agents, retirement funds, friendly societies, and more. There are three main components of the FSB: With regards to enforcement powers, the FSB is committed to deal with various types of breeches and has the authority to impose compensation orders, and other penalties.
The FSB also operates an appeal board. Since investors have to sign up with offshore brokers to get involved in trading binary options, there are a few key elements to consider prior to making an informed decision. Many traders feel this step may be time consuming but if the goal is develop long-term trading strategies and achieve a rate of high returns, it is worth spending the time to meticulously dissect brokerage firms and carefully select the one that is right for your trading style and needs.
When making your decision, you should look at the following five elements:. This is the most important aspect of your search. Ensure that the broker is registered and licensed with the proper agencies. If you stumble across unregistered brokers or you cannot seem to find adequate and clear registration information, move on to the next one.
Since you will likely have to conduct business with a broker in a different time zone, you must ensure that you have access to timely and efficient service, should you require it. Many licensed brokers offer a hour helpline, live chat services, and employ knowledgeable staff who can address your concerns efficiently.
As a beginner, you are likely to limit your trades to one or two types e. A quick search of the web will turn up the variety of trades available so you can cross check with your broker to see if they are available. Each broker has its own trading platform. As a trader, you will want to dedicate your time to performing great trades so choosing a broker offering a user-friendly platform is a must.
The platform should be intuitive and easy to navigate. Many brokers also offer platform compatibility with mobile phones; if you plan to trade options using your phone, check with your broker to ensure this is an option.
Brokers offer different payouts percentages. Verify the payout and withdrawal details of a broker before signing up. Choose one that offers high payout percentages with low withdrawal fees. While most brokers offer all of the typical indices, commodities, and currency pairs, many South African investors can greatly benefit from trading on local indices e. The key to successful trades is to diversify your portfolio and only trade assets you know well and have the ability to monitor in terms of market fluctuations.
New binary options traders should take things slow and trade a few assets to begin with; as you gain experience, you will have the confidence needed to develop trading strategies involving a range of assets. Binary options are not difficult to start trading but long-term success within the field requires a certain set of skills and deeper understanding of the industry. With any form of investment, two concepts should always be kept in consideration.
Any investment is subject to the volatility of the assets being traded and the financial markets overall. Binary options offer the advantage of quick trades so investors often find that the volatility factor is somewhat reduced; since you have a predetermined timeframe when entering a trade, it may sometimes be easier to predict the direction of the market and end up with an in the money trade.
However, you should always consider volatility with each trade; you will likely have better judgment as a result and know when it is time to pass on a trade that may be too risky.
Derivative trading multiplies your gains potential but it also multiplies the risks. Leverage is a valuable tool with any investment but you have to be aware of your increased exposure to risk should your trade end out of the money. Monitor your leverage closely and learn when to pull back. Many brokers have free demo accounts, which present a major advantage to traders wanting to learn about binary options trading. By signing up for a demo account, you will be able to test the field with dummy cash and see if you have enough skills to start investing some of your own capital.
Trading with a demo account will also allow you to build the confidence you need to eventually perform your first real trade. With the increase of binary options traders in South Africa, the next step is for the FSB to start thinking about the regulation of online financial betting.