Binary Options Guides ¦ How to Trade Binary Options in South Africa

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

Contents

Binary Options Guide

In Binary Options Guide, you can find information related to binary options industry, binary brokers and other trading features that can assist you in your trading process. We continuously work on expanding this section and adding more articles on relevant topics for binary options trading. But before we go as much detail, let us explain what binary options are.

Forex Trading For Beginners

2020-06-21 – 8:59 am

Binary Options Trading in Kenya

2020-04-7 – 3:17 pm

Binary Options – Scam or Not?

2020-03-22 – 6:53 pm

The Greatest Myths of Binary Options Trading

2020-03-8 – 2:24 pm

Top 5 Binary Trading Tips For New Traders

2020-03-3 – 1:39 am

What are Auto Binary Profits?

2020-02-23 – 10:31 am

A Boosting Approach for Automated Trading in Binary Options

2020-02-22 – 2:29 pm

Binary Automated Robots in South Africa

2020-02-17 – 3:10 pm

How to Use Binary Options Trading Signals?

2020-02-10 – 3:17 pm

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

Main Reasons why Traders in Binary Options Fail

2020-01-24 – 2:26 pm

What are Binary Options?

Binary options are type of options with a fixed payout and fixed deadline for expiry time. The key in trading process is to determine will the price of an underlying asset be above or below a target price.

For you to be able to accurately predict will the price go up or down is a specific time frame, it is advised to have some trading knowledge. This element isn’t too hard or even impossible, it just requires patience from trader’s side and invested effort.

For example, we strongly advise you to read as much possible broker reviews and to follow market news so that you can react in real time if certain change occurs in the financial market.

Basically, trading binary options in South Africa isn’t complicated, otherwise it wouldn’t be so popular like it is for years now. With only two possible outcomes, we can say that binary options are popular thanks to its simplicity on the market. Great advantage for traders is that they know possible money gain, even before trade is made.

The Use of Binary Options Guide South Africa

With our Binary Guide section, we try to cover all significant aspects of binary options trading. Starting from advice on how to spot a potentially profitable binary broker and what are main differences between them, to the articles on binary strategies and auto trading in binary options South Africa.

Binary options auto trading is widespread among traders worldwide because it offers them a whole new window of binary options trading. With less effort and activity form trader’s side, auto trading has become very popular and with it, they can have a possibly profitable trading journey.

Binary signals are the main tool in auto trading and based on them, binary robots will make their moves in the financial market that may afterwards result in profit gain.

More about auto trading and trading signals, you can read in articles, available in our Binary Guide.

Usually, Binary Guide is the initial step which traders in South Africa check first.

There, they can find all useful information and tips regarding how to improve trading skills and become expert in trading binary options that can ultimately lead to profitability in the trading process. There are different types of traders, some who have just entered the binary world and others who are experts in this industry.

For all of them, Binary Guide is an excellent place where they can get advice about binary features and numerous binary options brokers, who offer them trading platform. With explanations of different trade options and strategies, we believe that it will satisfy all South African traders who want to participate on the market and trade with a variety of stocks, currencies, commodities and indices.

How to Trade Binary Options as a Beginner?

Binary trading requires basic knowledge, patience and common sense. In this article we guide South African traders through all the steps necessary to place a successful trade in binary options.

As always, we recommend trading only with regulated and trusted brokers such as IQ Option for added benefits such as a free demo account, $10 minimum deposit and only $1 minimum investment. For more brokers, see our broker page. Let’s get started.

What Are Binary Options?

Binary options are nothing else but a prediction of an asset’s price direction in a prespecified amount of time. The price doesn’t have to go too high or too low for traders to make a profit. All they need to do is predict whether the closing price will go higher or lower than the opening price as shown in the figure above.

If the price stays the same, then traders receive their investment back. If the trader predicts correctly, then the profit made can go up to 91% depending on the broker and the asset. On the other hand, if the prediction is wrong, then the trader loses the investment.

Example of a Binary Options Trade

Step 1: Register with a trusted binary broker

Registering with most binary brokers takes only few seconds. All you need to do is fill in the boxes with your email and a password. You also have the option to continue with your Facebook or Google account or simply fill in your personal details like name and surname.

Step 2: Practice with the free binary options demo account

Practice binary trading with a free demo account available to South Africans, before switching to a live account in order to get familiar with the binary trading platform. In this section there is a detailed explanation on how to place a successful trade with the legendary IQ Option platform. Once you feel ready you can switch to live binary trading which is done exactly in the same way as explained here.

Select Asset

To start with, traders need to select their asset from the drop-down menu as shown here. A large selection is available as always by IQ Option.

Set the investment amount

Then, set the investment amount as shown below by clicking on the amount box at the right-hand side of the trading platform. This can be as low as $1 so that novices can start trading with a low investment capital.

Set the expiry time for the binary option

Once the investment amount is set, traders need to select the expiration time. There are binary options available from 60 seconds to the end of the month as shown below. You can even see that the profit percentage changes according to the expiration time. Longer expiration times will offer lower returns.

Once you choose the option’s expiration time then, you can place as many binary trades as you wish.

Choose the direction you expect for the price in the future (Higher or Lower)

This can be done by choosing the price direction, either by clicking on the higher button if you believe that the price will go higher than the opening price.

On the other hand, traders can click on the lower button if they believe that the closing price will be lower than the opening one as shown here.

Wait for the binary option to expire

Finally, you wait until the expiration time comes and if you have won then, the amount will be shown in a green box as shown in the picture below.

Step 3: Make a deposit and switch to live trading

Making a deposit even in South Africa is pretty simple and requires only few minutes of your precious time. Simply click on the green deposit button at the right top corner as shown above and follow the instructions. You are now ready to start trading.

Risk Warning: As always, we inform our readers that trading involves risk. Always invest funds that you afford to lose.

Binary Options Guides

Binary options trading revolves around predicting whether the underlying asset price will be going up or down from the strike price. The logic behind it is really that simple. It is a case of getting it right or getting it wrong. There is no middle ground. The added factor in this is that there is a time frame in which the trade expires and by the end of it your prediction has to be correct in order to profit from the trade. This type of trading is not a guessing game, despite it being so simple. It is in fact very important to be educated and gain experience in trading binary options as there are various crucial factors which influence the capabilities of being well versed in this type of online trading.

As we previously said, there are many factors which can influence a person’s ability to boost their profit potential when trading binary options. For this reason, we have decided to provide South African traders with guides which cover many of the most important things binary options traders need to know.

One thing we also need to mention is that we have regularly get feedback from traders in South Africa which tells us that the guides we provide to them are definitely making an impact and are very useful for them to figure out which broker or auto trading software might be the right fit for them.

Our guides are designed to provide relevant information on all things concerning binary options trading in South Africa. Some are aimed at representing and explaining certain useful tips, others are more in-depth and are best suited for those who are on their path to know more about binary options than just the basics and all the factors that may be important in a specific trading context.

Guides as an Essential Tool

As we mentioned before, in our guides Section, we have attempted to go over all important elements of binary options trading and everything else related to it which can help South African traders.

When it comes to, for example, binary options auto trading software, we know that it is extremely popular among traders all across the world because it provides a whole new dimension of binary options trading experience. It takes the manual research and number crunching out of this important equation and provides a streamlined and straightforward way of boosting profit potential.

Binary signals, which have also become a staple in the repertoire of many South African binary traders, along with others from other countries worldwide, have also found their respective place in our guides. They can be used independently from binary robots, but are the foundation of the auto trading software.

When traders consider all of the things they need to be familiar with in order to simply start with binary options trading, it is clear that there needs to be a clearly indicated starting point from which they can depart into this exciting journey. Binary Options Guides offer that advantage and they have long been the first step for many South African traders.

A Step-by-Step Guide to Binary Options Trading

Binary options have long been popular among the small investors who do not have the funds to invest huge amounts of money into a traditional way of trading on the financial market. Considering the fact that binary options trading typically offers various trading tools, trading options and features it is clear how this type of trading is a great fit for those who like to customize their investment plans as much as possible.

In the next couple of sections we bring you all the bits and bobs of binary trading that we believe, every trader will find useful, regardless of their experience and education levels. We also aim to provide you with clear guidelines on how to develop your trading potential and take specific precautions to protect yourself in this type of financial trading as it does come with inherent risks which everyone should be aware of.

What Exactly are Binary Options?

Considering that the term itself is pretty self-explanatory, it might seem that trading binary options is just a guessing game. It does seem that way at first. Seeing that there are only two options in binary options trading – predicting if the asset’s price will rise or fall in a designated time frame it does seem simple to the inexperienced eye. However, there are many important factors that South African traders need to take into consideration.

One of the first factors is actually figuring out what are the ways of correctly predicting the price fluctuations on the global market. It is important to understand various aspects of global market trends which heavily depend on the global economy and also specifically on the type of asset or multiple assets you have decided to place trades on.

Everyone knows that the main characteristic of the global markets and the financial industry is the fact that is is highly fluctuating and unpredictable. The great thing about binary options trading is that the potential profit, but also potential losses, are known in advance to every trader that wants to place a trade. These risks and possible profits are actually known even before you place the trade. This way you are never surprised at the specifics of the outcome, which is a really big psychological advantage when it comes to trading.

Understanding and Mastering the Trading Process

Understanding how the trading process actually works is paramount for any type of financial trading, and the same is clearly true for binary options trading in particular. Although it does seem relatively simple in its core, the truth is that the trading itself and the decision making behind it is anything but simple. This is not meant to discourage potential South African traders from choosing binary options trading as their way of participating in the global markets, but we do believe that potential success depends on the complete understanding of the factors involved.

Familiarizing yourself with the basics of binary options trading, if you haven’t already, is a must before you even think of opening an account with a broker of your choice. It is fairly obvious that if you do not have enough knowledge or experience in binary options trading, the decision of which broker to actually choose is going to be a difficult one. As you can see, everything starts with understanding the basics of the trading process and all the additional information, guides and education you invest in during your journey as a South African binary options trader will only serve to elevate your potential and additional leverage in your further trading path.

Question on how to master binary options trading in South Africa interest most people who are about to join this online investment with plans to achieve payouts. In our experience, binary options industry has for a few years now, been very popular in South Africa.

To traders in South Africa, binary options trading has several advantages and therefore, are the reason why they decide to invest in binary options. Possibility to trade in numerous assets, try out different tools and strategies, get more info from education materials are among the main reasons for binary options trading popularity on the South African market.

Choosing the Binary Options Broker

There is no binary options trading if there are no brokers. So, clearly, the choice of broker and the process of picking one is very important indeed. Not all brokers are the same and not every binary broker is suitable for every type of trader. Considering there are so many of them on the market is wise to learn as much as you can about those you find interesting so you can be prepared to make the best possible choice.

Choosing the right binary options broker is the most important step when planning to master binary options trading in South Africa. With more than 400 brokers on the binary market, traders should be careful when trying to figure out which broker is safe to trade with.

Some brokers are CySec regulated, others may be regulated with other financial authorities while some might not be regulated at all. We recommend South African traders to find out as much possible about this industry, including broker reviews and valuable info regarding financial transactions and available trading features. Features, such as demo account or using mobile platform are welcomed to all registered traders.

Binary brokers listed on our site are reviewed and recognized as great trading platforms with whom traders don’t have to worry about the safety of funds.

How to Trade Binary Options on a Trading Platform?

Many reputable brokers offer traders option to trade in a selection of different currencies, stocks, commodities, and indices. This way, registered traders are able to choose between different assets and choose that one which they find the most suitable for trading.

Since trading binary options trading has just two possible outcomes; up or down, traders invest in assets for a predetermined time. Therefore, they are able to select the preferred time of expiry, which can range from 60 seconds, over few minutes, days and even up to 150 days.

South Africans can also choose between different trade options, such as High/Low, 69 Seconds, One Touch and much more, but it all depends on a particular binary broker and features available.

Understanding how binary options trading works is the key element of a successful trading process. It is advised that traders use demo account for practice, try out strategies and overall, get the most from binary options trading.

Asset Index in Binary Options

By Asset Index, we find a list of assets which traders in South Africa can use when trading binary options. It is possible to trade with currencies, commodities, stocks, and indices. Each trading platform offers distinctive asset list to registered traders.

Traders should, however, keep in mind how in some cases, external influences can affect on asset price and change its direction. Therefore, South African traders need to know these facts before they place a trade. By external influences we mean weather catastrophe or a flood.

Education Center

This comes as an important segment of the successful trading process, where our readers can learn how to maneuver binary options trading in South Africa.

Although some might rely exclusively on luck, for traders to be continuously successful and earn money, it takes more than pure luck. Pro traders always educate themselves in order to understand what does it take to profit from binary options.

To help with this, education materials are extremely useful. Plenty of brokers on South African market offer just that; a wide range of education components, which traders can use to increase their benefit potential from the trade.

Many South African brokers have an amazing Education Centers with a selection of different educational tools for a premium binary trading journey. These materials include FAQ, ebooks, economic calendar, webinars and a set of guide article; for traders of all levels of experience.

In these materials, traders are able to search for needed information, whether that is about how to deposit or withdraw funds or typical questions regarding available features on a particular trading platform.

Questions Traders Frequently Ask

In addition to the Education Center, there are other relevant sources of information that South African traders can use. Seeing that there are certain things that traders ask on a regular basis, we have compiled a list of those questions to further provide you with the much-needed info.

What does Call option mean?

Type of option where traders predict that price of an underlying asset will rise in comparison with strike price.

What does Put option mean?

Type of option where traders predict that price of an underlying asset will be lower in comparison with strike price.

What are underlying assets in binary options?

Underlying asset is a financial term used in binary options trading. Assets include: stocks, currencies, commodities and indices. Exactly number of available assets vary depending on particular binary options broker.

Who is binary options broker?

Binary broker is the one who offers a trading platform to interested traders who want to trade binary options. Each broker offers different platform, which includes a variety of trading tools, features and trade options.

What is auto trading in binary options?

Binary automated trading is an innovative way how to trade binary options by using sophisticated trading software which place trades on your behalf. There are several available software which you can trade on and that accept traders from South Africa.

What is the initial step in binary options trading?

South African traders can choose whether they want to trade automatically with trading software, binary options brokers or try out social trading networks. BinaryOption.co.za site offers a selection of auto robot and broker reviews for traders to read them and decide which platform is the most suitable.

How do I trade with binary automated system?

Under robot tab, traders first have to click on button Trade with and afterwards you will be redirected to a specific software website where you can register, deposit and begin trading binary options.

How do I register with binary robot or social trading platform?

Once you have selected preferred platform to trade on, you will need to complete a registration. Several information should be submitted, such as first and last name, email address, country and phone number.

Yes, trading binary options is legal in South Africa.

What is minimum deposit to trade binary options?

Minimum deposit amount depends on a broker’s platform which is connected to a particular auto trading software. Binary industry average is $250, while several brokers might offer lower deposit amounts.

Where do I learn how to trade?

On binaryoption.co.za you can find a list of useful guide tutorials regarding binary options trading in general, automated trading and traditional way of trading binary options, and much more.

How to identify and avoid binary option scam?

To avoid scam in binary trading, we recommend you to carefully choose trading software or broker by reading their reviews listed on BinaryOption.co.za site. You can check Education section and find more detailed information concerning binary scam.

Do I have to provide documents to deposit or withdraw money?

Yes, before making any payments, you have to authorize your trading account by providing following documents, such as ID card photocopy, copy of credit card and proof of residence.

Which ever direction South African traders decide to take with their binary options trading it is important to remember that you are advised to start out slowly. Take your time to properly understand the basis and then making an informed decision about which direction they want to follow, which broker or auto trading software to choose among the wide selection. At any rate, understanding the guiding principles, as well as risks is very important and those aspects should not be neglected if they wish to boost their success potential in binary options trading.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

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How To Start Binary Options Trading 2020
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