It’s a brand new year, which means that you are probably looking for opportunities to increase your economic wealth. One great way to build your wealth is by trading on the stock market, and 2016 promises to be a very rewarding year on the stock market.
While there are tons of options available to put cash into your bank account via the stock market in 2016, one of the most exciting options that promises to offer financial gain is bitcoins and binary options.
What are Bitcoins and Binary Options?
Binary options refer to a form of online trading. This type of trading came around about 2 years ago, and its popularity continues to increase. Binary options differ from traditional trading options because it doesn’t involve actually buying anything, but rather it involves placing a side bed on an expected outcome.
Bitcoins is the virtual currency that is used to place that side bet on an expected outcome. Bitcoins allow users to make transactions online.
How does it Work?
In order to trade using bitcoins and binary options, your trade is placed by predicting the direction that an asset will move in a specific period of time. For example, you may predict that a specific commodity will end at a certain level during a specific period of time. The time that your option ends is known as an expiry time and can range from as little as 30 seconds to as much as a few months. If the direction you selected was correct at the expiry time, you win the trade. If you win the trade, you will receive a little bit less than 100%. Typically, your payouts will range anywhere from 80-85%.
The types of assets that are available for this type of trading include:
- Stocks
- Currencies
- Commodities
- Indices
Binary Option Outlook for 2016
Trading binary options has become a very popular practice in recent years, and its popularity continues to increase. If you are interested in getting in on the action, you are going to want to familiarize yourself with the different options that are available to you and the binary options that will provide you with the best opportunity to cash in.
If you’re looking to cash in on the stock market this year, there is no doubt that you are going to want to get in on the action that binary options have to offer. If you invest wisely, you could stand to make a very nice profit and make your 2016 a very lucrative one.
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