An options trading platform is a computer system that provides you with the means to enter and exit trades when trading options and other assets. This gives you the ability to do many things with your investment. It provides you with indicators for trading options, the ability to display them on your chart and gives you the ability to constantly get the information you need. These programs are designed specifically for your needs, and they should be fairly easy to use.

The best options trading platform provides you with options, candlestick charts and technical analysis indicators for all major exchanges and markets. It also gives you real-time quotes for the underlying security and can send alarms when the price of a security has changed. Our online brokerage platform has all these benefits.

The options trading platform you choose should allow you to do all of this and more. You need a system that allows you to enter and exit transactions seamlessly and that is easy to understand. There are different types of systems, and you need to fully study each one before deciding which type to use. But here are a few of the main features you need to look for in an options trading platform.

In options trading, choice refers to a legal contract that offers the beneficial owner, also known as the owner, the right, but not the obligation, to buy or sell an underlying asset on a specified exercise date or price within a predetermined time before or on a specified date. This contract is between the buyer and the seller. Options can also be complex financial instruments. Therefore, buyers and sellers must have a basic education in options trading before entering into agreements.

An option is understood as the right to buy or sell in the future, the selected asset. There are 2 main types: put and call options.

A call option gives the buyer the right to buy an asset at a predetermined price at a specific selected time. As you can imagine, a put option allows you to sell an asset at a selected price at a specified time.

By purchasing a call option, the buyer expects the price of the underlying asset to rise. In this case, he will be able to exercise his right to “buy” (for example, platinum) at the price specified in the contract (i.e. below market) upon expiration of the option.

Popular indicators for chart analysis
Popular indicators for chart analysis

The reverse scheme with put options: the buyer expects the price to fall below the contractual price in order to “sell” the underlying asset (the seller of the derivative) on it in the future.

The most important factor in approaching options trading is the ability to determine the correct price. There are various methods and strategies that are used to predict the direction of the market. Some of them are technical analysis, charting and calculations. You need to be disciplined to stick to your options trading strategy.

Technical analysis is a method of studying charts. This will demonstrate patterns in the costs and volumes of selection contracts. Plus, it will tell you how much service you can get for the base stock. Studying past trends can help you make excellent choices when it comes to our options trading strategies.

Choose your binary options strategy
Choose your binary options strategy

Japanese candlesticks are considered to be one of the best methods of graphical analysis - this is the most popular way to read price movements on charts. They are visual, easy to study and, most importantly, they work. Each of the candles tells us four facts about itself: the open price, the maximum price movement, the close price and the minimum price movement for a certain time (timeframe).

Traders also use technical indicators to gain additional insight into the future price movements of an asset.

Here are the main indicators, you need to start by examining them:

  • Relative Strength Index (RSI);
  • Moving average (MA);
  • Moving Average Convergence / Divergence (MACD);
  • Stochastic RSI;
  • Bollinger lines.

The best options trading platform for beginners should be relatively easy to use. To make it even easier for you, we allow you to exchange virtual money in order to minimize any possible risk and simplify the learning process. If a person wants to participate in options trading, it is very important not to forget that options trading requires knowledge of financial markets, in addition to the ability to use options trading platforms to your advantage.

Types of binary options?

What is Binary Option? Binary Choice is a financial exotic derivative in which the payoff is a fixed financial price if you win or nothing at all if you lose.

Its essence is to guess or calculate what will happen to the price at a certain moment, which is designated by the term expiration.

Expiration - the expiration date, expiration date of something (credit card, transaction, visa)

Binary options - the choice is yours
Binary options - the choice is yours

Consider the popular types of binary options.

1. Binary Options Up / Down (Call / Put)

These are classic contracts that were originally called binary options. Call and Put options (Above and Below, Top and Bottom) are available for every broker. Their essence lies in the fact that the trader must determine whether the price of the underlying asset at the time of the expiration of the contract will be higher or lower than the strike price (that is, the value of the asset at the time of the contract).

With leverage, a small decrease can lead to huge profits as the margin can be used to generate even more profits.

2. Binary options 60 seconds

These contracts are a kind of Up / Down options with the only difference that the expiration time here is only one minute. These contracts appeared a little later than the classic ones.

3. Binary Options One Touch or its opposite No touch.

These contracts appeared almost immediately after the classic ones. The bottom line is that the condition of the option becomes the achievement of the price of a certain level. For example, X shares are worth 100 euros. The option has a condition of 101 euros. If during the term of the option the price touches the level of 101 euros - you get a profit.

4. Binary Options Pairs

Pairs This type of binary options appeared not so long ago, but is popular with a certain category of traders. Its essence lies in the fact that you need to determine which of the two underlying assets (pair) will trade better over a certain period of time.

There are other types of options, we have presented the most popular ones, you can choose different ones, but always remember about the risk. No one can predict the future 100%. However, the more theory you know and practice more often, the better you will get!

For novice traders, first , I would recommend staying on classic options - they are quite simple and allow you not only to understand the essence and principles of trading on Binary Options, but also not to be distracted from the gradual study and improvement of skills.

How to start trading options in South Africa? 

Getting started with options trading is relatively easy if you have access to the best options trading platform in South Africa. But before you start, you need to be sure that you have at least a basic understanding of the options market. Therefore, you can open a demo account to trade options or open a real account. It is best to open a live account as soon as you have education, experience and skills behind you. Once you are ready to open a live account, you should know that on our platform you can do it with only $10. Yes, it is with such a small amount that you can start trading today!

Registrating on the investing platform
Registrating on the investing platform

We allow users to open a demo or real account online with a minimum deposit, without visiting brokers' offices. In this way, it is possible to learn and practice various options trading strategies without risking a lot of money.

A demo account for trading stocks provides all the tools you need to evaluate and monitor stocks. This usually means that you can assess the financial health of the business and look for signs of approaching new products and business plans. You can also do this to assess the sustainability of the company. After you open a virtual account on our platform, you will have $10,000. This is the virtual amount for which you will study.

How to open account
How to open account

Get an idea of how the market works. But you won't be able to get real profit from this, you will see the profit only on the screen.

When you open a demo trading account, you can use it to learn trading strategies, trading systems, and alternative trading terminology.

Once you are comfortable with your trading strategies and terms, you are ready to open a live account. If you are considering how to start trading options in South Africa, you can visit the trader forums, study the FAQs on our platform and take our video tutorial, we are sure that this will help you get started. Get information from everywhere. Never stop learning, this is the key to success.

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