If you want to become a professional trader on binary option in 2020, then this blog will help you to know more about this trading world. We designed the whole blog with updated news of binary worlds along with the previous history.
The leading attracting part is that we will show the top profitable brokers and automated trading application that generates profits.
On the other hand, we are working on educating our traders globally with trading guides and binary strategies
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. Furthermore, novice traders need to increase their experience level, as they are newly entering the financial industry.
Let’s start with a brief introduction to binary options and the trading process.
What Is Binary Option:
A Binary Option is an exotic trading type that simple and profitable for traders. The financial instrument allows traders or investors to predict the future price of an asset.
At the same time, you can consider binary options trading is a new form of making money online . However, there are several ways to generate money from home but, this particular trading type will add more value to get profit.
As there are no fixed rules or magic wand for traders, so you need to understand the market to trade profitably.
Binary traders already know the return percentage before placing the trade. Additionally, in options trading, the outcome will depend on your correct prediction.
If you are completely new to the binary world, you can read what is binary options article, to know the basics of options.
History Of Binary Options
To know the origin of Binary Options, you have to go through the history of this trading type. In 2008, binary options were first introduced publicly as a tradeable asset. Binary Options was approved by the Security Exchange Commission (SEC)
Before that, in 1974, the Chicago Board Options Exchange (CBOE) was officially launched binary options.
Besides, 2008 is a memorable year for traders because in that year a lot of symbolical financial stability collapsed one by one. So, traders took this trading type as a low-risk investment at that time.
Fortunately, at the same time, it gained popularity among people as there are no additional alternatives.
In the same year, people can trade publicly binary options on the American Stock Exchange (AMEX). After a few years, people consider the binary option as the semi-investment product. So, at that time, it was only open for banks, other financial institutions, and over the counter marker.
A few months later, some trading platforms were introduced such as 24option . Until then, the regulation was not an essential part of traders. However, at this moment, people are more likely to use a regulated broker rather than a deregulated broker.
On the other hand, in the year of 2009, the first binary options exchange came into the market whose name was Northern American Derivatives Exchange (NADEX).
After a while, CySEC classified binary options as financial instruments in 2012. But, unfortunately, a joined investor alert was issued by the CFTC and SEC, in the year of 2014.
From 2015 to 2019, Binary Options faced a lot of problems in the different regions due to the weak regulation. Fortunately, history does not disappoint yet and the industry got active traders almost the same as Forex Trading.