With the huge growth in binary options trading it isn’t surprising to learn that more and more individuals are posing the question “How do I start trading binary options”? They have of course heard about these revolutionary financial instruments and are interested in profiting along with others from the simplicity and ease of options trading.
What surprises many of these aspiring traders is the fact that getting started has never been easier. With so many binary options brokers vying for new customers, they have made the account opening process a matter of minutes, have improved the market information being offered to their clients, and are creating new training and mentor programs on a regular basis to give more value to new traders.
They are also continually doing research and spending money to improve the actual trading platform. Because this is the main way that most traders interact with the broker, these platforms have become increasingly intuitive and easy to use, with brokers looking to make the process of trading as simple and fun as possible. And in many cases they are succeeding quite well.
The best way to get started trading binary options is to find one of the top brokers, who also matches your own trading expectations and needs. This sounds easy, but with the huge number of brokers now out there, it can become a confusing activity at best. To make it easier on yourself start by searching forums, message boards and websites to narrow your choice down to the top 3-4 brokers according to popular opinion.
Once you have a short list of brokers you will want to determine how the customer service at each performs. While this may not seem so important, the fact is that if you ever need to use customer service, and chances are you will at some point, the level of service you receive is going to be critically important. Getting a feel for the customer service level of each broker is as easy as giving them a call and posing some easy, and maybe not so easy questions or problems to them. Seeing how each brokers customer service staff handles a set list of questions can easily help you narrow your list down to the best 1 or 2 brokers.
Once that is competed all you need to do is test the actual process of trading with the brokers. Because an account can be funded with as little as $100 and each trade can be as small as $10, this is not an expensive proposition. After placing several trades with a broker you will have a much better idea of how the platform performs and what the real time quotes are actually like. If your experience Is positive you can stay with the broker, but if not it is simple to try another broker in the same way. Chances are you’ll stay with the first broker, but testing several is quite simple.