Greetings everyone! I just got some news from my (current) favorite trading signals marketplace – Zulutrade – that they now support binary options. I am surprised it took them this long to get this up and running but I always knew it was bound to happen. A ton of forex brokers hopped on the binary options bandwagon and since there is now a growing market for this style of trading it seems like a wise decision for zulutrade to allow their users to dabble with these “exotic” binary options.
For those of you who are not aware what binary options are, please allow me to clue you in. Essentially binary options are a form of bets. A binary option is a type of option in which the payoff can take only one of two forms (hence binary – ie two) , either some fixed monetary amount or nothing at all. So it’s an “all or nothing” type of deal.
Why Binary Options?
|FAST & SIMPLE||Clear payouts, no commissions||Trade hot assets such as Google, Apple, S&P500 etc|
So from the above table you can see that binary options do have some neat benefits. You can trade a wide variety of assets like popular stocks, precious metals, or anything that can be considered a financial asset or commodity.
|The largest network of talented Binary Options Traders for you to follow||User-friendly|
|It’s free! Zero fees, zero commissions and no hidden costs|
Zero fees is a huge deal. Personally I haven’t played around with binary options yet but I may be tempted to. Currently my zulutrade adventures have been limited to (by my own choice) JPY cross pairs trading. So far so good that’s worked out great for me.
Until next, time I wish you all happy and profitable trading. Sorry for not posting frequently anymore. I’ve been busy with a lot of other things lately.