With so many great opportunities to make money today, investors don’t know which one is truly right for them. So if you’ve had the inkling to look into binary options, you’ve certainly come to the right place. Aside from congratulating you on the wise decision to have an open mind, we’ll help you understand why a spot option will make a valuable addition to your portfolio. In fact, you may even say, it’s what changed your financial outlook for 2011.
Decide on A Spot Option
However, we’re not going to try and talk you into investing in a spot option right away. After you read about what binary options entail, chances are you’ll want to do that on your own. With a spot option you can own a piece of the pie without actually taking possession; and better yet, with a very low investment. Let’s say you’ve always wanted to buy stocks but you don’t have a large enough capital. With a small sum of money you can enter into a contract to purchase the right to buy the stocks when they reach a certain price and at a specific date. Keep in mind this does not obligate you to buy the stocks. This is what trading a spot option is all about. All you really have to do in this situation is predict the direction in which that stock will go; state the time or date in which it will reach a specific price. If the stock performs in the manner you predicted the payout can be anywhere between 61-85%. If it doesn’t, you get nothing. Hence the term an “all or nothing” system. But wait! Many platforms today will let you receive up to 15% of the money you invested should your trade go the wrong way.
A No-Touch Spot Option
Believe it or not, it gets better. As we’ve told you, the chances for making money with binary options are simply unbelievable. Since many people are drawn to the Forex market, perhaps you too will be curious about a spot option with currencies as underlying assets. You may opt for a one touch spot option which will let you sustain gains if the monetary unit’s price simply rises or decreases to a certain level prior to the expiration date. Or you could try a no-touch spot option wherein you make a profit if the currency rates never reaches a specific price prior to the due date. The decisions are yours!