Two Fridays ago, I was on the train, observing how everybody’s eyes were sharply focused on the few inches of screen in their hands, their mobile gateway to the world of possibilities that the internet now provides us.
It really is remarkable how our travel time has been revolutionized by constant access to the World Wide Web. The suited woman opposite was watching a series of videos of YouTube. The teenage boy next to me was playing 2048 very seriously in his attempt to reach the coveted 4 digits. And I, who just one year ago had no clue about investing and the stock market, had checked my favorite news apps, seen that tech stocks were losing value, and placed 2 trades online – that Facebook stock and the Nasdaq index would be down from their current rate in 4 hours’ time. I reached the office, carried on with my day, and by lunchtime had $150 profit sitting in my trading account. I kid you not. That was journey time well spent!
If you haven’t yet come across it, the world of binary option trading is the best way I’ve discovered to pass those spare minutes. Those in the know will be nodding as they read this with a smug smile. They are the ones who have already discovered this new online phenomenon. The trend of online trading has been growing steadily since 2009, but in the last year, with special thanks to the rise of the smartphone, it has experienced a new boom in popularity.
Dubbed by experts as the easiest way to trade, binary options are now used by traders in every continent and language. They are used by experienced investors looking to expand their financial portfolios, and they are also used by people who have never before traded, people who want to master this easy way of trading in order to make money in minutes in their spare time.
So how does it work? You open an account with one of the binary options platforms available online and then every time you login, you have access to the platform and a full variety of assets. You can trade commodities like gold or oil, currencies like the Euro-Dollar, stocks like Apple or Coca Cola, and indices like the FTSE.
The beauty of binary options is that you only have to decide whether the asset will move ‘up’ or ‘down’ in your chosen timeframe. There are none of the difficult decisions and complex factors that most of us associate with traditional investments. I tend to look to the standard news sites and apps for inspiration, and many of the companies with binary options platforms also offer their clients advice and trading signals. Banc De Binary for example, has a great reputation when it comes to guiding first-time traders. Their smartphone app is available for free with apple and android devices.
Here’s to hoping your next spare hour will be as successful as mine!
