In binary trade, you will be given a yes-no proposition from the stock market traders, for example, like if you think that the price of gold which is at $1000 will go up to reach $1500 in the next 10 days? The answer to that question is simply yes or no, now if you are confident that the price of gold will reach that mark within the given period then you will say yes and then the trader will buy gold in the form of binary options with your invested money now if at the end of the stipulated time period the price of gold actually reaches the proposed value then you will earn the profit in concurrence with your investment. But if your prediction turns out to be wrong, then you will lose all your invested money that has been used by the trader to buy the binary options in the first place. So binary trade is called binary because it is a yes-no proposition, and the outcome is also in binary form.
How to get your predictions right with binary trade?
Binary trade may seem to you that it is very risky, but actually with prior research of the market fluctuations and volatility of the assets, their forex value, one can very easily predict the future price of a given asset. The key here is to monitor the market closely and analyze why the fluctuations are happening and what effect they might have on the future asset prices but it may not be possible for you to monitor the fluctuations of the stock markets for all the time to solve this problem you can subscribe to an online platform who will keep you updated in the form of binary signals about the current market situation and not only that but they will also provide you with the analysis of the market fluctuations to help increase your chances of winning to a level of nearly 70%. One the major online platform that is providing this free signals is vfxalert. The subscription charge of Vfxalert is very low and thus helps you to concentrate your invest more in the market rather than in the analysis of the market.
So, if your thinking of getting into binary trade then without looking out for any other binary signals, you must subscribe to Vfxalert and earn easy and big.