The binary option trading has become instantly popular among the masses of the world through extensive advertisement and other tactics of marketing. The truth of the platform is that it is a reliable trading platform with vast number of flexible options. As the popularity is keep on growing every passing day, the scams are also emerging with the same speed. There are scam binary options trading platforms, binary trading brokers and other web portals that are playing with the emotions of the innocent traders and making them deprived on their hard earned money. The newbie traders feel very much hesitant to invest a huge sum of money in binary options trading arena as it is relatively new in approach. Moreover, the traders have some misconceptions in mind that make them slack to show their interest.
For the newcomer trader, the binary options trading platform is not profitable. They think that there are only few options available. The outcomes are only two i.e. all or nothing option and in case of the loss, the trader is not going to get anything and all the investment will go in vain. However, this is not the reality. The trader can get the high percentage of profit over the investment i.e. 85% in case of the right prediction of the price of the asset at the time of the expiry of the trade. On the other hand, there are some brokers who offer their member traders a rebate of 15% in order to keep them motivated when they suffer a loss situation. Thus, the concept of getting nothing is no more existent.
Other major misconception of the trader is regarding the limited number of the features and options of the binary options trading platform. There are many novice traders who are concerning about this issue very deeply. They think that the availability of the tools and strategies are very limited and the platform has the dearth of the variety that is essential for the traders of the different types.
The next concern of the traders is regarding the safety of the trading platform. With the rise in the popularity of the binary options trading, the scams are also becoming widespread. Many traders are falling prey of the scams and have lost millions of dollars this way. The best remedy of this situation is to search widely for the reliability of the platform before making the investment.
Learn binary options by following our tutorials and guidelines.