In order to make the binary options trading as user-friendly as possible we made this trading guide which will take you through our trading platform and familiarize you with all the trading instruments available. Trading with 24option is easy and fast. With the help of this guide you will understand the whole trading process. Once you master the trading platform you can start trading right away and enjoy our special rates of return!
Step 1 – Making a first deposit
In order to start trading with 24option, investors need to register to the site and make a minimum deposit of $250 (or the local currency equivalent amount). A deposit can be made by credit card or bank wire transfers.
When registering to 24option, you will be asked to choose your currency. Once chosen, your currency cannot be changed. Initial deposits can be made in U.S. Dollars, Pounds Sterling or Euros. For more details on making deposits please visit our deposits page.
Step 2 – Trading terminology and instruments
24option trading platform
Pressing the trade tab located in the main navigation menu on the 24option home page when logged in to your account will open the main trading window.
The Trading window is comprised of three sections: Main Option List – lower left corner, Trade Box – upper portion of screen, My Open Trades – lower right corner
What is the Option List?
The option list section displays all assets available to binary options trading at the moment. A customer can choose which type of asset to display (indices, forex, stocks, commodities or all) on this window, and in which order to display them.
The settings icon will open the full list of assets available for trading. With the help of the pull down menu located at the top of the option list, customers can also choose a specific binary option to view as well.
The section includes:
Market: European Stocks, U.S. Stocks, Forex, Commodities
Symbol: EUR/USD, GBP/USD, AUD/USD, CAD/USD, Gold, etc.
Expiry: Intraday, End of the day, End of the week
The trading box – viewing all the details
In order to get more details on an option you are interested in buying, click on it and the trade box on the top of the page will be opened.
The trade box includes the following:
Asset – the asset you chose to trade. Check out the asset index for the full list of assets available for trading at 24option at the moment.
Target Price – the price at which 24option is selling the option. Target prices are dynamic and change often and so do the upper and lower boundary prices.
Market – The current market price of an underlying asset.
Graph – the price graph displays a chart of the asset price and the time left for the option before expiring. Target prices are also shown on this graph, the time left before this option expires and a marked area showing the profit possibilities.
Return – the return percentage displayed on the top right corner stands for the possible return on investment that can be expected on this option if it expire “In the Money”.
High/Low – the High/Low buttons (or the “+” and “-“ buttons on the full trading window, respectively) simply mark whether this option would be a low or a high one. All you need to do is to decide in which direction the price will go and click on the right button to determine your trade.
Expires – The time at which the option will expire.
Trading Closes – the hourglass countdown above the graph displays the amount of time left for this option to live, before it expires and can no longer be traded.
Step 3- Choosing an Option instrument
There are three types of trading instruments available to you on 24option: the classic High/Low instrument, the One Touch and the Boundary.
To select the instrument that is right for you, click one of the demonstrated instruments right from the trading window. For further information read more about these trading instruments in our Binary Trading section.
After choosing a type of binary option you would like to trade, the platform will display only the options relevant under the type of trading you chose.
Step 4 – Buying and trading a Binary Option
If you want to buy an option on a certain chosen asset use the trade box as explained above and follow the instructions:
Take a look – first of all, choose the desired trading instrument (High/Low, One Touch, Boundary or 60 Seconds) and examine a few chosen options on the trade box. Take a look at the details and learn them.
Choose the right option for you – after checking out a few options in the trading box, choose the one that you would like to purchase.
What is your prediction? After choosing an option you need to announce your prediction regarding this option. For example, if you chose the One touch instrument you need to choose between pressing the “Touch” or “No touch” buttons
What is your investment amount? Type the amount you wish to invest in this option. Please note that the investment must be more than $24 and less than $20,000. For more information on our investment policy and investment strategies, please see our binary options strategy page.
Buy – after placing the amount of investment on this option, simply click the “Buy” button in order to start trading.
After completing the process of purchasing a binary option successfully, a trade confirmation will be shown to you on the platform, telling you the transaction has been completed.
http://www.youtube.com/watch?v=N9lA4QvelFE
Conclusions on how to trade binary options
Now that you have gone through all the stages of trading binary options, you probably realize how easy and enjoyable it is. After registering and reading our trading guide you can start trading today! If you feel like you need more information on certain aspects or if you need any kind of help please contact us or browse our site for an array of useful information. You can start with the Binary Options section and progress from there.
All these tools will help you progress in trading, increasing your knowledge and eventually providing you with profitable trading.
Funding your account:
Banking
Banking actions like deposits and withdrawals can easily be made from your trading account. In order to execute these actions, choose the banking tab from the 24option homepage.
Deposits
Clicking on the banking tab will automatically open the deposit screen. In order to make a deposit please follow the instructions below:
First of all, please select the method with which you would like to make the deposit (located on the left side of the form).
Fill in all the details needed. Please note that there are some necessary fields marked with an asterisk. These fields must be filled with the details requested.
Please confirm the deposit by clicking on the deposit button. Once the deposit has been approved you will be able to see it in your account.
Withdrawals
Withdrawals can be easily made by choosing the banking tab from the home page and right after that choosing the “withdrawal tab” from the resulting tab on the banking page.
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