A binary trade is one of the exotic finance options in which you are given a yes-no proposition stock market traders. For example, you will be asked if you think the price of gold an asset will go up in the coming 7 days to reach the mark of $1500 from its present price mark of $1200? As it is a yes-no proposition you can either say yes or say no, now if you think the price of the gold will reach the mark of $1500 by the end of 7 days then you will say yes and the trader will buy binary options of gold with the money you invested in the first place, now if at the end of the next week the price of the gold actually reaches the mark of $1500 then you will earn the profit along with your investment. But if your prediction turns out to be wrong, then you will lose all the money that you have invested to buy the binary options in the first place.
Online platforms to increase your chances of profiting
Now, it may seem that the risk involved in this kind of trade is higher compared to the gain but with prior research and monitoring of market fluctuations and volatility of assets you can easily predict the future price of a given asset for example gold.
The key is to monitor the market closely, but it becomes impossible for working professionals to monitor the fluctuations of the stock markets for day after day. To resolve that problem, you can subscribe to an online platform who will keep you updated in the form of binary signals by continuously feeding you fluctuations in market and volatility of certain assets like gold etc. They will also provide you with the analysis of the market fluctuations and to some extent help you in predicting future asset values which in turn will safeguard you from losing your investment but rather they will help you increases your chance of winning to a mark of 70%.
One of the major online platforms to provide this kind of service is the vfxalert. They work on a subscription basis. They are one of the leading companies who monitor and analyze the stock market so that you don’t have to worry about losing your investment in binary trade.
It is time for you to get in touch with Vfxalert and get a subscription to start your binary trade.