Over the last few years, more and more traders have been switching to binary options. This holds true for both beginners and professionals. For beginners, these derivatives make it possible to simplify the process of making trading decisions and maintaining those trades. Since binary options are simple, easy to use and affordable, beginners absolutely love trading them as compared to trading conventional markets. For professionals, binary options make it possible to take their trading to the next level and make even more money trading their favorite assets as underlying assets for binary options.
Market Leader interviewed a representative of PrimeTime Finance, one of the leading binary options brokers. The choice is not accidental. The thing is that PrimeTime Finance is a truly licensed and EU-regulated binary broker with positive customer feedback, which is something you can rarely find in the industry. On top of that, PrimeTime Finance allows you to extend the expiration time of your binary option as well as to close it prematurely and save a little bit of money instead of losing 100% of the investment.
How to Make Money Trading Binary Options?
Here we would like to share with you a part of the interview with the mentioned representative of PrimeTime Finance.
Market Leader (ML): Despite the fact that binary options have become one of the most popular financial markets, the international community’s attitude toward them is still controversial. For example, some people say that binary options are nothing but a casino-gambling type of Forex trading, where everything boils down to pure luck and there is no winning money in this guessing game over the long term. What do you think about it?
PrimeTime Finance Representative (PTF): I think that binary options are compared to casino gambling only by those people who have never approached this kind of trading seriously, i.e. the way it should be. If you are playing a guessing game when buying another binary option without relying on the results of in-depth technical or fundamental analysis or pretty much any other valuable piece of information you can find out there, then you get what you deserve. Reckless trading leads to poor results in trading any financial market. You see, financial markets are not for gamblers. Indeed, trading binary options is risky. But it holds true for any financial market, whether it is Forex, commodities or stocks. However, trading binary options is way simpler, more intuitive, requires less routine workload and less time to make trading decisions and maintain trades, not to mention predetermined settings and contract specifications. That said, binary options can be used to make money if traded properly. Of course, they can trade binary options recklessly if they are compulsive gamblers deep down in their hearts. For the rest of us, this is an excellent way to make money trading our favorite underlying assets in a more efficient way.
ML: Do you mean that success or bad luck in trading binary options is all about the trader?
PTF: Well, if you trade binary options with a licensed broker offering reliable and secure services on excellent conditions, then YES, the outcome is up to the trader.
ML: Well, then how to choose a reliable broker you can be 100% confident in?
PTF: First off,you should find out whether it is a licensed binary broker you are about to register with. This should be major financial regulators like the CySEC or the FSA. In this case, you can be sure that your money is safe with such a broker. The FSA stands for the Financial Services Authority while the CySEC stands for the Cyprus Securities and Exchange Commission. These are some of the most respected financial watchdogs in Europe. By the way, PrimeTime Finance is licensed and regulated by the CySEC and MiFID. On top of that, the company is a member of the so-called Investor Compensation Fund designed to ensure traders and investors against non-market risks.
ML: Do you mean that your clients are safe as their funds are secure?
PTF: Yes, I do. At PrimeTime Finance, we comply with regulation at all times, whether it is complying with European legislation or backing any kind of security for our clients. By the way, client funds are stored in segregated accounts in major banks. Also, PrimeTime Finance is a trademark of an investment company named Spot Capital Markets Ltd. All clients are insured to the amount of up to 20 000 EUR. The money is paid in case the company goes bankrupt and cannot settle accounts with clients.
ML: Let’s go back to binary options. To your mind, what are their benefits and how much can you earn trading them?
PTF: One of the biggest benefits is the opportunity to make up to 88% of the investment amount in a matter of days, hours and even seconds, if your binary option expires in the money. Some specific types of binary options make it possible to generate as much as 1500% of the investment over the same period. Such high payouts are very difficult to find when trading financial markets the conventional way. For example, you can buy some shares of Twitter and watch them appreciate every month… or you can buy a call option on the stock and generate 77% each time the option expires in the money. The lifetime of the option may vary from 60 seconds to several months. It is up to the trader to decide on the expiration time.
ML: Some traders say that binary options are less risky as compared to conventional trading. Is it true?
PTF: Before you buy a call or put option, you decide how much to invest in this trade. Keep in mind that you don’t actually buy a physical asset. It’s just a bet on the projected outcome over a certain period of time. With binary options, you cannot lose more than 100% of the money invested in this very trade. That said, the risks are predetermined, fixed and less considerable.
ML: What trading strategies can traders make use of when trading with PrimeTime Finance?
PTF: AtPrimeTime Finance, you can use pretty much any trading strategy you can find on the web. The thing is that we offer 6 types of binary options, flexible expiration and a lot of underlying assets. This makes trading fairly flexible and efficient if you are using a powerful strategy and are doing it properly. By the way, we supply clients with educational material and analytics to help them get themselves up and running in almost no time. By the way, a skilled support team is there for you to answer any questions.
ML: Do you offer leverage or bonuses?
PTF: Leverage and bonuses are controversial things in the binary options industry. The thing is that some brokers abuse those things by setting up unreal conditions for clearing the bonus. Since we are a regulated broker, we clarify that no bonus can be withdrawn. It can only be used as leverage or a certain kind of a safety cushion. If you still don’t understand the concept, please consult our managers.
ML: What benefits does PrimeTime Finance offer?
PTF: You trade through a web-based platform, which means you can trade anywhere there is a device connected to the Internet. You can trade fast, in a few clicks. Also, you can install a mobile app on your smartphone or table to trade on the go. Thanks to our trading academy, you can become a skilled trader by learning everything you need to know to start trading binary options profitably.
Our service offers you a personal manager upon registration. The entire team of skilled experts is ready to help you out whenever you need it. The team includes personal managers, analysts, support team members and others. If you have any questions, you are always welcome to contact your personal manager.
And finally, PrimeTime Finance offers several trading accounts for various kinds of traders with various levels of expertise, financial IQ as well as the size of their trading capital. All in all, there are 4 types of accounts: Micro, Classic, Premium, and VIP. All of them are eligible for bonuses ranging from 25% to 50%.
Join some of the best binary brokers on the Internet today! Good trading!
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