Binary options trading is one of the best ways to make money out there today. Everyone is also welcome to try it out. It can help you to make a lot of money provided you can develop a good trading strategy. One of the features that make binary options trading to be special is the high payout that you can enjoy. A single trade can earn you as much as 90% profit. So, you should venture into binary options trading today in your best interest. If you are looking for a way to make money in South Africa but you have not been able to do that, then it is high time you visited Deriv to register an account and start trading binary options.
The Best Binary Options Brokers in South Africa
Just like Forex trading, binary options trading also gives you the opportunity to predict the direction of a particular asset. There are only two possible outcomes in binary options trading and the two outcomes can only be fulfilled at a particular price.
You can access so many markets when you trade binary options on Deriv.
- Rise/Fall: It allows you to predict whether the exit price will be higher or lower than the entry price after the contract expires.
- Higher/Lower: It allows you to predict whether the exit price will be higher or lower than the price target or barrier when the contract expires.
- In/out: It allows you to predict whether the exit price will be inside or outside two price targets when the contract expires.
- Stay between/ Goes outside: It allows you to predict whether the exit price will be inside or outside two price targets during the contract period.
- Touch/no touch: It allows you to predict whether the market will touch or not touch a target price during the contract period.
How to trade binary options on Deriv
This is not so difficult. However, you need a lot of knowledge before you can trade binary options. You need to understand how various currency pairs behave. It will help you to make a better trading decision. Bear in mind that trading binary options on this platform does not only give you access to currency pairs; you can also trade synthetic indices on binary options when you trade on Deriv. This is one of the many features that make Deriv stand out from many others out there today. You will surely enjoy trading options here and the platform is very easy to navigate for beginners.