Brief History of Binary Options
Binary options have officially existed as a separate trading market for about 10 years. However, few people know that this trading method has actually existed for over 30 years. In the beginning, binary options were only a small part of other trading platforms, and they were possible for trading only in some closed markets and for a limited number of people. Since 2008, this has been separate and acknowledged trading method, available online and for many users everywhere in the world. Trading platforms are provided today by hundreds of brokers, together with helpful trading tools such as binary signals, robots, tutorials and so on. You can click here to learn more about binary robots and signals, which are useful tools for all binary traders.
Development of binary trading was possible thanks to Chicago Board of Options Exchange, a subsidiary of Board of Trade. It is them who officially made binary options over-the-counter (OTC) transaction. Still, this trading type was not standardized a long time after being proclaimed OTC transaction.
Although it was becoming more developed and was beginning to get standardized over the years, binary trading still took only a very small part of trades all together. Then Options Clearing Corporation submitted the proposals about binary trading and filed them with Securities and Exchange Commission (SEC). The proposals were finally accepted in 2008, and from this point, binary trading was allowed to enter all the major markets. The American Stock Exchange was the first entity which provided binary options, and Chicago Board of Options Exchange did the same a short time after. Since binary trading became official and legit, it has gained popularity all over the world in a very short time.
The concept binary trading has not changed almost at all since it was first created. The basic concept includes two alternatives the trader has to choose from. There were some changes of a regulation over the years, the availability of binary options rose together with the popularity of this trading method, which caused some minor changes to occur. All this has also contributed to a creation of some new types of binary options, and you can visit this site if you want to read more about different types of options available for trading. Since there was also a great improvement in technology, there are also many mobile trading platforms, binary options robots for automatized trading and all sorts of binary signals and the methods of their delivery. If you would like to know more about binary robots Top 10 Binary Demo. Certainly, all these factors have an influence on the popularity of binary trading.
When it comes to popularity, nowadays there are many blogs, YouTube videos, e-books, and tutorials explaining the methods trading to the laymen. Ever since this trading method was officially acknowledged, there has been a huge rise in people who show at least some interest in it. There are now several official regulatory bodies for binary options brokers, and they differ from country to country and from continent to continent.
Binary options trading went through ups and downs and many changes over the years, but it has definitely never been as popular as today. Considering the fast expansion of binary trading, it will certainly be much more popular in the future than it was in the past.
Binary trading is performed online, on trading platforms. There are plenty of binary brokers offering these platforms, together with a wide range of assets to trade and several types of binary options. Most of the online brokers offer demo accounts, where the users can get to know the platform and practice the trading process. These demo accounts allow you to trade in real time, but using an only virtual money, so you can see how the system works and decide whether you want to trade on this platform or not. If you are a trading beginner, you should definitely go with a demo account first. This way you will gain some skill and experience before you switch to trading with real money.
Choose two or three markets while you are still learning and trading with demo accounts and invest small amounts of money. This way you will learn to implement different strategies in different markets, in case one market turns out to be risky or unprofitable at some point. After this, you should choose one market for trading; follow its changes constantly and with care and trade mostly within that market. When you gain experience in a certain area, you will have a huge advantage in the market and increase your chances for success.
Depositing by credit or debit card is the most common and the most accepted method of payment and it is also very easy. If you use a widely accepted card type such as Mastercard or Visa, there should be no problems when you want to place funds onto your account. If you use a less popular credit or debit card, you should always check if the broker accepts it. You should also double-check the broker you want to trade with, you do not want to share because credit card details with anyone. If you choose a fraudulent broker, they may cheat you so you can lose not all the earnings from binary trading, but also all the money from the credit card.
