Binary options provide traders with an easy and fun way to make money by betting on whether the value of an asset will increase or decrease. This financial instrument is ideal for those who want to avoid complex financial jargon and prefer a direct approach to investing. Each trade has only two possible outcomes, making it easy for beginners to understand. To ensure the reliability of the binary options platform, it is important to study reviews and evaluate the quality of the site. Binany trading is a modern and profitable method of earning that does not require knowledge in the field of finance or economics. By studying price fluctuations over time, traders can anticipate whether an asset’s value will rise or fall and make profitable trades.
The ability to exaggerate your income is always associated with risk, so you need to study sites and option platforms with high quality. This one invites you to study the Binany review to weigh the pros and cons and make sure the company is reliable. The term “binary” refers to the fact that each trade has only two possible outcomes.
You don’t need to be an expert in finance or economics to get started. All you need is the ability to anticipate whether the value of an asset will rise or fall, which can be determined by examining a chart showing price fluctuations over time.
What is Binany trading platform
- Partner countries: India, Bangladesh, Malaysia, Indonesia, Thailand, Vietnam, Pakistan, Ghana, South Africa, Nigeria, Brazil, Chile, Mexico
- Foundation year: 2019
- Language Binany platform: English
- Available site currency: Indian rupee (INR), Bangladeshi taka (BDT)
- Binany deposit and withdrawal systems: Perfect Money, PayPall, Neteller, Skrill
- Available product types: trading stocks, currencies, cryptocurrencies, binary options
- App version supported on android
- Bonuses: +100% on the first deposit (only for new users)
- Support of Binany is available via live chat or email – [email protected]. Technical support works 24/7 and is available for 10 language systems (Russian, English, German, Turkish, French, Indian, Chinese, Vietnamese, Thai, Portuguese)
One of the most popular types of binary options is High/Low. In this case, the investor must predict whether the price of an asset will be higher or lower than a certain price at the time the option expires. If the investor correctly predicted the price movement, he makes a profit, otherwise he loses his bet.
Another type of binary options is One Touch. In this case, the investor needs to predict whether the price of the asset will reach a certain level before the option expires. If the price reaches this level, the investor makes a profit, otherwise he loses his bet.
No Touch is an option in which the investor needs to predict whether the price of an asset will reach a certain level before the option expires. If the price does not reach this level, the investor makes a profit, otherwise he loses his bet.
Range is an option in which the investor needs to predict whether the price of an asset will be in a certain range before the option expires. If the price is in the range, the investor makes a profit; otherwise, he loses his bet.
American options allow an investor to buy or sell the underlying asset at any time before the option expires. Thus, the investor has more flexibility and can close the position at any time if it is beneficial for him.
Bermuda options give the investor the right to buy or sell the underlying asset only on certain dates, which are specified in the contract in advance. Thus, the investor does not have the same flexibility as when using American options, but receives higher risk protection.
The main difference between American and Bermuda options is the flexibility and ability to close the position. American options provide more flexibility but may be less risk-protected, while Bermuda options provide more risk-protection but may be less flexible.
How to register on Binany?
The registration process is as simple as possible and will not take you much time. To do this, you must first create an account on the platform by filling in the fields with your email address, password and select the currency you will use. After filling in the basic details, they can click on the “Registration Binany” button to continue. Do not forget to confirm your email so that the system marks you as an authorized user – this is the main condition for sign up Binany.
How do I login to the Binany platform?
If you are an authorized user, you can log into your Binany account. in the upper right corner you will find a menu with the main positions for entering or registering. In the event that the email address has not been activated, traders must do so before attempting to sign in Binany. Once the email is confirmed, traders will be redirected back to the site where they can open their profile. They can then enter their Binany login details and password provided during registration to access their account and start trading.
Deposit and Withdrawal Money
At the time when your actions are related to the replenishment or withdrawal of funds, we recommend that you be careful and check the data that you enter into the computer. To deposit on Binany, simply click on the deposit button located on the top right corner of the platform. Specify the category of the deposit and the payment system that is convenient for you.The next step is to enter the amount and click Continue. It is important to remember that Binany minimum deposit is 50 INR/BDT while there is no maximum Binany deposit limit.
Transactions are usually processed quickly, so you can start trading options right away. In the case of withdrawal of funds, everything is also simple and clear, just select the “Withdrawal Binany” option in the site menu. Next, you need to specify the desired amount and payment system. You will also need to provide your wallet number and submit a withdrawal request.
Popular currency pairs for trading in Binany
The currency pair in the binary options industry is a common asset among binary traders.
On Binany com, the popular currency pairs are:
- GBP/USD, EUR/JPY OTC, USD/JPY OTC, NZD/CAD, GBP/USD OTC, and GBP/NZD. EUR/JPY OTC: euro and Japanese yen.
- USD/JPY OTC: US dollar and Japanese yen.
- NZD/CAD: New Zealand dollar and Canadian dollar.
- GBP/USD OTC: British pound and US dollar.
- GBP/NZD: British pound and New Zealand dollar.
- EUR/USD – a pair of euro and US dollar. It is considered the most popular currency pair in the world and has high liquidity. Its peculiarity is that it is often used as the base currency for other pairs.
- GBP/USD – a pair of pounds sterling and the US dollar. This pair also has high liquidity and is one of the most popular on the Forex market. It is often used to trade UK and US related news.
- USD/JPY – a pair of US dollar and Japanese yen. This pair also has high liquidity and is often used to trade US and Japanese related news.
This pair is popular among predominantly experienced Binany trading participants.
Trading strategy on Binany
The main binary options strategies include the momentum strategy and the binary signal strategy.Over time, you can choose other Binany trading strategies or develop your own strategy.
The impulse strategy is based on finding a trend in the market and using it to make trading decisions. A trend can be up, down, or sideways. The trader looks for entry points to the market when the price reaches the trend line and starts to move in the right direction. In this case, it is necessary to take into account the levels of support and resistance in order to determine possible exit points from the market.
The Binany trading signals strategy is based on the use of technical indicators and other signals to make trading decisions. The trader is looking for signals that indicate a possible change in price direction in the market. For example, it could be a moving average crossover or a change in the MACD indicator. Such signals can help a trader identify market entry and exit points.
It is important to understand that no strategy can guarantee a profit on binary options. A trader must conduct market analysis and consider risks when making trading decisions.
Application for trading on Binany
The presence of the application enables users to always be aware of developments in the market. And although the application cannot be downloaded on Google Play, downloading via a direct link is also safe and will not cause any difficulties. To download Binany app, you must obtain a direct link from the site, find the app at the bottom of the page, click “Download”, and agree to the notification at the bottom of the screen. Once the download of Binany trading app is complete, install the APK file.
Is Binany legal in India?
The Indian market is difficult for companies to access because of inadequate government regulations and licenses. Conversely, local traders can participate in the options market.
The platform Binany trading is legal in India. Under the terms of the law, the legal entity is located abroad, the site accepts local currency and offers to users popular payment systems in India. Since the site has an app version, the Binany app is legal in India as it meets all the set conditions.
A BLOCK OF QUESTIONS AND ANSWERS
Can I get my first deposit bonus twice?
This type of bonus reward can be received once for the first deposit to a new user.
Can I withdraw INR to e-wallets in other currencies?
It is possible, but the final value depends on the conversion
Do I need to create a separate account for trading in the app?
All versions are synchronized with each other, which facilitates the work of clients and does not require data duplication.
Is Binany safe in India?
We have over 3 years of experience in ensuring the safety of your personal and banking information. While we can guarantee the security of your data, it’s important to remember that all trading options involve some level of risk. The responsibility for success ultimately lies with you, the trader.