The short answer is to make money trading binary options you have to make the right decision out of two possible outcomes you have to win your trades over the longer term you have to win the majority of your trades anyone can win a single binary option trade just like anyone can win a single hand of poker however to win the majority of your trades over the long haul and make money consistently you must develop a method that works for you. Step 1 choose a reliable broker or online trading platform if you have already decided to trade in binary options your first step is to choose a licensed reputed and reliable online trading platform or online broker some of the highly recommended trading platforms are olymp trade binarycom and iq option. In the third part of our binary options guide we will introduce you to some of the strategies we use ourselves when we trade this part is designed for traders which already have knowledge of the two previous levels popular binary broker advert the table below contains links to 3rd party websites of our top partners from whom we receive compensation at no additional cost to you visit now . Its easy to define binary trading binary options trading in its most common form is an investment in whether the price of an asset will go up or down above or below certain prices over a pre defined period of time the result is either yes or no and the payoff for the correct decision will already have been decided trading binary options are effectively taking long term market volatility out of the equation for investors. Binary options trading guide welcome to our new traders dummies guide on the basics of binary options hi and welcome to the binarytradingorgs new binary option traders guide this page covers the basic but important facts about binary options you need to know before you begin trading it is a good idea to bookmark this page as you will likely reference it in the future here is an outline of the things you will learn