ExpertOption is one of the binary options platforms that are easy to trade on. The trading interface is well laid out and easy to navigate. It features easy to understand icons which direct you to different areas of your account such as payment processing, technical indicators and many more. Trade entry is also quite simple. All that you need to do is click on an up’ or down’ button. All these features make it easy to identify a price trend and enter trades fast. If you’re a beginner trader and want to get started with this platform fast, this guide will help you.
Once you’ve logged in to your account, the first thing to do is select the assets you want to trade. These range from commodities like Brent oil to currency pairs.
To do this, click on the trade’ icon at the top left of your interface.
Next, you can customize your trading screen by choosing the chart type, indicators to use, drawings and other additional features. However, it’s best to use simple charts and tools like moving averages until you’re more
of an expert trader.
Once you’ve done this, your interface should have at least a price movement line that’s moving towards the right hand side of your screen. Watch its movement.
Select the amount you want to trade with and the amount of time you wish to hold your position. Then, select the strike price. Simply put, if you select p’ on trade entry, you expect the price to be above the strike price on trade expiry. If you choose own’ on trade entry, you expect the price to be lower than the strike price on trade expiry.
Once you’re done, click on either the up’ or down’ button.
ExpertOption will calculate and show you the amount you should expect to make if your trade is successful.