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If you’re just getting started trading binaries, you’ll be struck by some of the advantages it offers over other forms of trading and investing. For example, the potential returns are astronomical (but remember, they come with higher risks). Someone who invests in stocks may be content with a 10% annual return.
With binary options trading, it’s possible to almost double your investment within minutes.
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It’s also very easy to get involved. Unlike trading conventional options or participating in forex, trading binaries is simple. You can open an account online and start trading within minutes of your deposit being credited to your account.
Another advantage is that binary options expire quickly, allowing you to pursue additional trades. Your capital is not held hostage by the option but instead released so you can use it to make more money. You can be in and out of a given trade in as little as 60 seconds.
To summarize, you can definitely make money with binary options trading. A lot of people are doing it successfully each day. But it’s important to understand the risks involved, and the factors that play a role in making a consistent profit.
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