A vast majority of those asked why they chose binary options will say that they were attracted by the prospect of making easy money, without having a job or a boss. Savvy traders will add that they felt that, unlike traditional foreign exchange, binary options gives them more freedom in choosing the underlying asset, while being easier to master. Simplicity is one of the main factors that attract both newcomers and seasoned traders and it is a quality worth exploring.

Since there are only two choices when trading binary options – the put and call, many people tend to think that they start from a coin flip situation that only improves. If they feel that they know something about an underlying asset, they already consider themselves as experts, with complete disregard of the risks. Spreads are going to affect the win ratio and the fact that the payoffs are revolving around an average of 75%, means that you need to get your edge from somewhere else, if you are to make it on the long run.

Those who give this business the respect it deserves and do a little research, including e-books or binary options reviews, will realize that there is more than meets the eye about it. The advantage of opening positions that have only two possible outcomes is very important for rookies, because it makes the entire operation straightforward. Another reason for why you should trade binary options is that you don’t need a big budget to trade and with leverage, you can still make a decent monthly income without risking more than a couple of hundred dollars at a time.

Online brokers will make it even more alluring to trade binary options, by performing all the trading on solid platforms that have a lot of perks. Access to information and educational areas, charting tools and top indicators, expert advisors and signals are all included in the list of benefits. Even if you live in a country where you know that Forex is forbidden, make sure to read a few binary options reviews before you give up, because there might be some solutions for you.

Some brokers will offer accounts that operate under the Sharia law and these Islamic accounts make it possible for a huge group of investors to play in this lucrative market. They will enjoy the same conditions as regular traders and in some cases will have some advantages, with the downsides being insignificant.