Trading and traders are often restricted to the stock markets or the purchase of bonds. Are you one of them? Give a thought to the other pockets of trades. Want to know more about what is binary trading and how to start off? Do you want to know if the binomo trading app is legal?
Firstly, as a young trader, you must know that binary options trading has gained traction recently. This form of trading is popular overseas. Binary options trading mostly offers two choices, cash or nothing and asset or nothing. In the case of cash or nothing, the option buyer gets a fixed sum of money if they are still in the money at the time of the options expiry. If the trader is out the money at expiry they get nothing on the digital option. In the case of asset or nothing, the trader receives a fixed payout of the underlying asset on the option. Traders receive the payout only if the strike price is exceeded.
Since these are exotic options there are very few trustworthy and legal platforms. You must have heard of the binomo trading app. Have you ever wondered “is binomo trading app legal?”
Yes, India has legalized trading in binary options via the binomo trading app. The app is efficient, smooth, and makes it easy for a first time trader to understand the know-how. The app offers traders the advantage of options trading in commodities, currencies, cryptocurrency, and other trade instruments.
Dive into the world of binary options trading at an early age. Make use of the binomo trading app. Diversify your portfolio by allocating a small portion of your savings into different investment channels. A successful trader often fishes for trading opportunities before others, throwing a small bait into binary options.