By: Hillel Fuld
In today’s rocky financial times, companies are laying off employees left and right. Whether you work in high tech, low tech, or almost any other industry, chances are you or someone you know has recently lost their jobs. Instead of looking for your next nine to five job, perhaps it is time to think out of the box and trade binary options. Let’s back up a little.
Most people like routine. They like to get up in the morning, put on their slacks and button down shirt, get in their car, and drive to the office. They encounter the same traffic jams and annoying drivers on the way to work daily only to be met by their obnoxious boss once they arrive. Did you ever ask yourself why you do this if you hate it so much?
The answer is routine, but it is that very routine that, while it works well for some, puts the breaks on for others and prevents them from reaching their potential. So instead of jumping back into the corporate world and getting burnt again, trading the financial markets, and specifically binary options might be an alternative.
So why trade binary options and not Forex or stocks? Good question. Well I would be the last person to tell you Forex is not a solid option, it is, but it requires a lot of preparation. If you want to trade binary options on the other hand, you can be up and running as soon as tomorrow.
So why should you trade binary options? Most binary brokers offer you a simple Web based trading platform that you can access from anywhere and make nice profits in one click. The risk is low since you cannot lose more than you decide to risk and the results are as close to immediate as anything.
To trade binary options, all you need to do is decide whether the currency of your choice will go up or down, and that is all. No, I am not simplifying it to make it sound attractive. You either hit the up arrow or the down arrow and you are have officially begun to trade binary options.