Binary Betting - Home
Hello and welcome to another of my trading and investing sites which I hope will help you to understand the relatively new concept of binary betting, and how you can use it within your existing trading strategies. My name is Anna and having been involved in trading and investing for over fifteen years, I now trade currency full time for a living.
Over the years I have seen many scams, overpriced 'free seminars' and get rich quick schemes, which are always aimed at the novice investor or newbie. In order to try to redress the balance a little, I have developed several sites such as this, which provide a free resource and information for both new and experienced traders. I hope you find the site both useful and informative, and if you have any questions please just drop me an email, via the Ask Anna button in the navigation bar - I will always respond so please keep in touch. Now one last point before we go on - the words trade and bet are interchangeable.
Binary Betting - Introduction
Binary betting is a relatively new concept to both traders and investors, and has really only been available for the financial markets in the last 2-3 years. It is gaining in popularity for reasons which I hope will become clear shortly. For those of you familiar with fixed odds betting, and also spread betting, binary betting provides a bridge between the two worlds. In a sense it a composite of the two trading strategies, offering the advantages of the flexibility of one, combined with the defined risk profile of the other. If you would like to understand a little more about fixed odds trading, then please follow the above link, which explains this trading strategy in detail.
If I were asked where I feel this trading methodology is in terms of risk, and what I would recommend to new traders, then I would suggest starting in fixed odds, then move to binary betting, and finally to spread betting - a three stage process. Many new traders are attracted straight into spread betting, in much the same way as to the retail forex market, simply because it is easy to start with a small amount of capital. Sadly, many of these traders have little or no understanding of leverage or margin, and with little experience and insufficient trading capital, are soon wiped out. The key to becoming a successful trader, is to understand the importance of preservation of capital by using sound money, and risk management. Lose all your trading capital and you are out of the game. This is where binary betting comes into it's own, as being based on fixed odds betting, the downside risk of any trade is always known before the position is opened. In other words, the risk is managed for you!
So, let's take a look at how binary betting works in the financial markets and the benefits for both new and experienced traders.
