Binary options-complete guide for beginners

In the binary options market, the broker is the company with which users trade. The broker can operate exclusively through a website, which is how many work. How not casino , users register, make a deposit and can start betting on the available binary options. After you have accumulated a certain profit, you will be able to withdraw the amount available on your account. The broker works in the same way as a sports betting site : she receives your bets and pays your profits.

However, we recommend not registering with any broker. As with online casinos, there are many unregulated binary options platforms. What happens in these cases is that the user is subject to the will of the site, which may or may not offer an honest service. Non-payment of players ' balance and manipulation of data and results are not uncommon.

Several brokerages have already been exposed for dishonest schemes, disappearing from the map soon after. As they are not regulated, no authority is responsible for monitoring them. When this happens, the players leave empty-handed, as there is no one to turn to. A few years ago, however, some supervisory bodies were created to regulate the activity of these companies and give support to users. In New Zealand, however, binary options are not yet regulated.

We have clarified the inspection issues further down in this article, but here we remind you that it is necessary that you make sure that you are using only the best binary options brokers. Our platform offers a lot of information about responsible gambling and how to identify the serious and honest companies in the online gambling market.

Below you will find a list of the most important information in this guide. Read them before you start betting and investing and make sure you maximize your chances of winning at binary options!

In the binary options market, the broker is the company with which users trade. You will need to make an account in one of them to start investing or betting.

Do not choose rashly. There are dishonest brokerages available. You need to be careful not to fall for a blow.

Binary options can be seen as an investment and as a pure gambling game. Depending on how you look at them, they can be one or the other.

To really invest in binary options, you need a lot of technical and theoretical knowledge about the financial market.

There are four main types of making investments in binary options: high-low, ladder, one touch and no touch.

Binary options are not regulated in New Zealand, but some countries already regulate them and you can use foreign brokers normally.

With binary options, you can invest in currency pairs, commodities, stocks and various indices.

Each binary option has an expiration time, which is chosen by you from those available at the broker.

If you get the forecast right, the profit is usually between 80 and 90% of your investment.

If you make a mistake, you lose 100% of the money invested.

If you are interested in learning about binary options, the information we bring in this guide will certainly help you to get started. Binary options are a fairly extensive area, and of course, we will not be able to cover everything here. Therefore, we have separated below the most common questions that beginners face when discovering binary options. If you are interested in starting betting or investing in them, you will also like our other guide, which focuses on how to make money with binary options.

Binary options are a type of speculation or trading of assets online. You make a guess, based on your knowledge of the market, whether the value of the asset will rise or fall over a certain period of time, and you can profit or lose the money invested. In this sense, there are two possible outcomes – profit or loss, yes or no – and that is why they are called binary options.

The time period can be seconds, minutes, hours, days or weeks. The payment is fixed at a certain percentage of your total investment, usually staying between 70 and 80%. If you get the guess right, you therefore win by 70 to 80% the value of your investment. If you miss the guess, you lose the total amount invested. Who makes others types of online bets it will be easier for you to understand binary options.

Some people are attracted by its apparent simplicity when compared to other types of asset investments, since all you have to do is predict the rise or fall in value. For example, a binary option can be as simple as predicting whether Coca-Cola shares will go up by March 3 at 3 pm. If you bet that they will go up and they really have gone up, you win. If they fall or stay the same, you lose.

Unlike other types of financial instruments that allow you to buy and sell assets, in binary options you do not acquire anything, you just make a forecast on a certain market in a certain period of time. If you are going to bet that an asset will fall, you make a trade called a “Put”. If you are going to bet that the asset will increase, make the operation called "Call". Soon:

• Call: Increase / purchase.
• Put: Fall / Sale.

If you want to enter the binary options market, no matter where you are, you must be over 18 years old. In New Zealand, binary options are not regularized, but international brokers accept New Zealand traders and allow them to trade on their websites. In countries where binary options are regulated, these platforms follow certain standards and rules to be able to offer their services, and they inevitably need a license to operate. There are, however, a number of brokers available in the market that are neither regulated nor licensed, which may turn out to be, in fact, a fraud scheme.

The entire procedure of binary options from New Zealand is done online. After choosing a broker, the user makes a registration, makes a deposit, and can begin to study the assets and make forecasts. From there, there are two possible scenarios: Either you acquire an x percentage of profit on the money invested, or you lose all of it.

That is, the same risk that attracts many people to binary options also makes others run in the opposite direction. The possibility of losing all the money invested is very real and, in most cases, users are not able and do not have all the information available to make conscious judgments about the assets in question, since they are dealing with very specific matters. In dishonest brokers, it is even possible for them to manipulate data to induce the user to make a wrong decision.

By the way, many brokers advertise very high profit margins and low probability of loss, selling an illusion of easy money, which could not be further from the truth. In addition, the commonly circulated image is that anyone can start trading binary options, with little or no knowledge about the financial market and the assets in question, but it does not work that way.

The largest brokers currently, which are properly licensed and also operate other financial instruments, such as the Forex market, make clear on their pages the risk and danger that this type of investment can entail. They advise the user not to deposit more than he can afford to lose. In addition, in their terms and conditions, many brokers place it as essential that the trader has sufficient knowledge about the financial markets to be able to assess the merits and risks of what is being traded. In addition, the companies expressly advise users not to rely on the information contained on their own website.

Binary Tilt, for example, clearly states that: “if you do not have specific knowledge to execute transactions or if you have not personally accessed information on which you can base those transactions, please do not use our website."Of course, despite the warnings, many are beaten by this information and then end up hitting the wall.

There are no regulated binary options brokers in New Zealand, as the practice itself is not yet regulated. Thus, interested parties need to look for international companies in countries that recognize binary options as a financial instrument and that have current legislation for such transactions.

In the United States, those who regulate these activities are the Commodity Futures Trading Commission (CFTC), which even keeps citizens informed about brokers who do not comply with its requirements. The agency presents a list of brokers that should be avoided by users for not being regularized, including more than 120 companies.

Although the regularization of this activity came a little too late, the United Kingdom also began to regularize it a few years ago. The responsible body is the Financial Conduct Authority (FCA), and there are already a number of brokers offering their services to UK residents under the FCA regulations. There are also responsible bodies in Australia, Cyprus, Malta, and the Isle of Man, the latter considered “tax havens”. The most notable are Cyprus ' body, called CySec (Cyprus Securities and Exchange Commission) and Australia's, called ASIC (Australian Securities and Investments Commission).

The purpose of the creation of these authorities is to protect the financial interests of investors by ensuring that they do not lose money through dishonest or false trading, as well as to avoid reckless investments. To be granted a license from any of the major licensing bodies, the broker must meet a certain number of criteria. Dishonest practices may result in license revocation.

Despite the regulatory bodies, many brokerages still operate without a license, and most of them serve only to cause headaches for the investor. In countries where there is still no legislation regulating binary options, such as New Zealand, traders have the option of investing in foreign brokers, but it is crucial to choose a safe and reliable broker. Otherwise, it's a waste of time and money.

Further down in this guide, we give you tips on how to choose a safe broker. On the question that brought us here (is it safe to bet on binary options?), we can affirm that it is safe, yes, but by taking the necessary basic measures that we indicate here:

• Make sure you are investing on a site licensed and regulated by one of the responsible bodies mentioned above.
• Have knowledge about the financial market and the assets in which you will invest your time and money. These subjects are not popular knowledge and you need to delve into several topics of basic economics to fully understand binary options.
• Be aware that you may lose all the money invested.
• Never bet more than you can afford to lose.

There are several types of binary options to choose from. Knowing them is essential before you start investing. Below, we explain each of them: ladder, touch, no-touch and classic high-low options. The best options will largely depend on the type of asset and the expiration date you choose.

This type of binary option is the most classic and therefore the best known and most offered by brokers. Here, the trader speculates whether the price of an asset increases or decreases in a certain period of time. If you get it right, you receive a profit on your investment. If you make a mistake, you lose the entire investment. The Expiration Time is up to you, within the options offered by the broker you are using.

Here, you speculate whether the price of an asset will reach a certain value over the course of the trades. That is, it is not necessary for the price to expire above or below a certain value (as in the high-low options explained above), but it must reach a certain level, stipulated by you. If this happens, you profit.

If the asset "touches “the value determined by you within a certain period of time, you win, and for this reason the option is called”Touch". It may expire at a totally different price, but if it even touches what you stipulated, the profit is yours.

Touchless options are the opposite of one-touch options, using the same principles. You choose a certain price threshold, and the asset will not be able to touch it, that is, reach it, during the period. It can close at any other amount, but if it does not reach the limit specified by you, you profit. If it touches this limit, you lose the investment.

In this type of transaction, the trader speculates whether the price of an asset will be higher or lower than the price set by the broker in a certain period of time. This type of binary option can be more difficult to predict, and depending on the expiration date of the trade and the asset, the expected profit varies greatly.

Many people see binary options as a way to make extra money by working from home. Of course, this prospect is extremely attractive, especially for those who are dissatisfied with their work. But don't fall into the mistake of thinking that binary options and casino games such as poker , are easy ways to profit on the internet.

It is important to emphasize that this is not a foolproof method of making money, as many unsuspecting people think. It is precisely these people who start investing in dishonest brokers and lose all their money. Binary options can, yes, serve as a supplement to your income, but only if you know what you are doing. It is completely useless to make an account and a deposit in a brokerage company if you are unfamiliar with the financial market.

As for investors, who already have experience in the financial market and have a good knowledge about investments, they can take advantage of binary options because, in theory, they offer a fairly large percentage of profit. In practice, however, we know it's not that simple, and you must consistently get your predictions right in order to generate a significant profit.

In properly licensed brokers, it is safe to bet your money on binary options and your return can take place without too many headaches. But it is worth noting that only with binary options it is difficult to keep up. It is also necessary to explore other investment markets on the internet, such as Forex, to make this an integral activity.

If you've made it this far and still haven't given up on binary options, you may now be wondering how to get started. And that's easy. Assuming you already have a basic or extensive knowledge about the financial market, you can follow the step by step below to get started. If, on the other hand, you do not have the technical and theoretical knowledge necessary to enter the world of online investments, you need to look for these tools in specialized courses.

On the internet, it is quite possible that you will find a lot of material about binary options, but most of them are aimed at the lay audience and teach very little about what you really need to know. It is common to launch e-books only with the introductory material brought in this article.

If you really want to delve deeper into the topic, you need to look for courses in economics, investments and the financial market offered by professionals in the field. Do not go along with those who say that they receive “so much” per month just by betting on binary options, as you have no guarantee that this is true and, 99% of the time, it is a lie. If you're going to take the subject seriously, look for people and professionals who are qualified to deliver you realistic and productive content. And do not be discouraged! We never said it would be easy.

When choosing a broker to start investing, before registering, read the terms and conditions of the site. The link to this page is usually in the footer of the homepage. Usually, the terms and conditions are in English, unless the Website is also translated into English. Having an idea of how binary options work will be useful from this first moment.

It is important for the broker to make clear the rules of trading and the rights of traders. Carefully read the rules on deposits and withdrawals, which are always overly complicated. There are limits on withdrawals and deposits usually per week or per month, as well as there is a maximum that the user can receive from the site. Being aware of these values will be very useful for the trader who plans to invest in the long term.

Please also carefully read the reasons that may lead the site to close your account, such as investigations into fraud or money laundering. Since everything is done over the internet, there are many people giving scams of the most diverse types. Knowing the rules of the broker avoids any mistakes on your part. What's more, as you're going to put your time, money, and trust into this company, it's important that you clearly understand what you're getting yourself into. That is, read between the lines to understand whether the broker deserves your trust or not.

Money management is also extremely necessary for those who plan to make a profit, and not just bet. Always track and record your investments, your losses and profits, and learn from them. After an unsuccessful trade, you can analyze it and seek to understand where you went wrong. Planning, critical reflection and knowledge about the market is essential to get along.

Do your best to avoid and dodge the misleading advertising that many bookmakers and betting sites do. Everyone always wants to sell you “fantastic” methods of profiting overnight with binary options. We know that if this really worked, those people wouldn't be worried about selling you that content.

As we have already mentioned several times, binary options are not a magic method to make money without leaving home. They involve huge risks and you must know what you are doing to really make a profit. Is it possible to live on binary options? Probably not. Real investors don't put all their chips in one place!

It is essential to understand that every investment has an associated risk, and that investments without risk do not exist. If you are aware of all this, you can then enter the world of binary options through properly licensed brokers. Here in the New ZealandCasinos , we have evaluated and recommended some of them. We do not recommend sites that are not licensed, and you can bet on all of them here without worrying, as they all accept users from New Zealand. Take a look at our reviews to find out what to expect from each of them.

In most brokers, it is possible for the investor to create a demo account – that is, “fake” – to be able to see how binary options really work, in practice. Such an account can usually be used for a period of days or a week, and the investor can then perform operations on Dollar binary options (NZD) at the broker. This is a great way for the beginner to learn a little more about the subject before falling headfirst into the deposits.

Our guide has been quite pragmatic so far, and almost everything we say here is geared towards beginners in binary options. Below, check out some additional tips we have for you:

• Make sure the broker you are considering has a legitimate license. Usually the license number is in the footer of the home page. You do not need and should not believe the company, you can check if this information is true on the website of the body responsible for issuing the license.
• Make informed and conscious decisions. If you're going to bet on binary options just for the sake of betting, that's fine. But if you intend to make a profit, try to know as much as possible about the asset in question.
• Be careful not to fall into traps. Don't believe everything you read out there! Magic tricks to make money do not exist!
• Our other guides on binary options can help you overcome the initial difficulties that the investor encounters.
• Study the financial market and assets day and night. Keeping up to date is the first step to making good transactions.
• Take advantage of the demo accounts that most brokers offer! It is not necessary for you to make any deposits to see in practice how the transactions and the options site operates.

In this guide, you may have seen many technical terms that are used in the financial market and binary options. This glossary can help beginners better situate themselves and understand unfamiliar terms.

To become an experienced and successful binary options trader in New Zealand, there's no lying: the road is long! However, with the right planning, with study, dedication and time, it is possible to become a trader with extensive knowledge on the subject and an extensive catalog of favorable trades.

Experience also plays a key role in this journey. Through your practical experience, you will end up identifying the best time to trade binary options, the best indicators for binary options, which are the best regulated binary options brokers and many other “tricks” that only those who are dedicated Discover. Also visit our other guides on binary options, and see how you can bet and invest more consciously in them!