What is Binary Options Trading and How to get started?
Posted by Jezzy Ashton on June 24th, 2019
Binary options trading has become significantly popular. Over the years, binary options trading continued to be a popular financial vehicle for traders who are seeking to diversify their investment portfolio. One of the reasons behind this is its simple trading premise and how it’s easily accessible to investors through online trading platforms.
Does It Mean Binary Options Trading is Risky?
The thing is, there is no straightforward or easy answer to this question. Binary options trading is risky since the chances of you losing trade will always be there in every trade. However, by picking a regulated & reputed broker and with the right knowledge, it is possible to get a good return on your investment.
Binary Options Trading India
With India's primary growth economy, with service industries and growing manufacturing, online trading has become a welcome choice to many residents who view this as a viable way to make a profit or earn an income. Unfortunately, because of the lack of regulation and recognition of Binary Options in India, by the government, it is hard for Indian companies to enter the market place, Neither RBI nor SEBI regulates binary options trading in the country. However, that does not have to be the real issue since even if you reside in India, you will still be able to trade in options with the help of other registered brokers across the world.
These brokers tend to be European based. Meaning, Indians are free to invest in options marketing like other countries. However, you must also realize that if anything goes wrong, none of the organizations (SEBI and RBI) will interfere in the matter & you'll need to deal with the issue by yourself. Even if you reside in India, the basic strategies for Trading Binary Options stay the same as other countries. Just remember to pick the strategy based upon your risk appetite.
Binary Options Trading Singapore
Recently, trading Binary Options in Singapore has been legalized to the entire state in Singapore. The Monetary Authority of Singapore oversees regulation, however, there is a very apparent lack of regulated brokers. It cannot be easily regulated in many countries due to an unknown quantity. Across Asia, Binary options industry is regulated by each country's national bank. The reason was the Monetary Authority of Singapore imposed sanctions on unregulated brokers, but like anything when something is new and unknown, there are unregulated companies operates took opportunities and scam the traders who invest their money in good faith never to see it again. While it is not illegal to trade it is unlawful for an unregulated broker to offer services.
But good thing is that it is entirely legal for offshore brokers to offer their services to Singaporeans and many of the top international brokers have taken the opportunity to make their websites easy to use and accessible for many countries across the world. As binary options become widely known, the regulation will improve which will make room for new native brokers to enter the market place, but in the meantime, there are a whole host of offshore brokers that are regulated and can be trusted.
Binary options are generally considered a safe investment. However, as with all money instruments, it pays to do your research to guarantee you are dealing with legitimate Brokers.
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About the AuthorJezzy Ashton
Joined: June 6th, 2019
Articles Posted: 27
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