Have a Finance Question? Ask a Financial Expert Online.
The site is basically a metasite (in terms of providing links to actual options tarding platforms) they don't actually provide a platform for trading - BUT the information they provide is all accurate
Also, the platforms for trading that they DO talk about ARE all registered sites (SEC & Commodity Futures Trading Commission)
Although I don't recommend Wikipedia as a good peer reviwed ot authoritative, research their explanation of binary options is readible and accurate as far as I can tell: http://en.wikipedia.org/wiki/Binary_option
Further, ANYONE looking to get into binary options should see this (from SEC): http://www.sec.gov/News/PressRelease/Detail/PressRelease/1365171575220#.Ug_5Iq69vv4
Thanks, XXXXX XXXXX this page I was interested in: Forex Binary Options. Do you think binary options are a good way to trade forex?
Yep, just the fact that they offer the freebis for practice trading tells you something (for ANY ind of optionts thats important) you can really only learn, get a feel, for options trading by practicing .... Once you get into the practice sites and see how ofetn you ACTUALLY stay profitable and dont lose track of a contract, you'll see how important it is
DO beware of Banc de Binary Ltd
there are a lotof scams out there, but when they are offering you a place to practice for free, rather than money up front, that's a good sign
cool, thank you
If you'd like to work with ME again just say "For Lane only," at the beginning of your next question.
Regardless... Thanks again,