For some, Binary today trading is a relatively new concept. Upon first hearing of this alternative form of trading, most are extremely curious to know just what are Binary today and how can I profit from them? You just may be surprised at the answers to these questions, especially when considering the fact that individuals who have never made a single trade or investment in their life are able to profit from this method of trading.

Part of the appeal of options trading is that it can be completed entirely online. It is often referred to as digital trading for this reason. The US Securities and Exchange Commission granted approval for this trading format in 2008. Since that time it has expanded globally, with individuals from nearly every country trading on a regular basis. Some have even begun to prefer this alternative form of trading over conventional trading, Forex trading, or CFD trading.

An additional reason for the appeal is that no other form of market trading offers such simplicity. The basic trade consists of only two choices put or call and only two outcomes profit or loss. There will be no ownership of any assets. Instead, the trader need only predict whether the price of a selected asset will be higher or lower than the starting price when the trading time expires. The potential profit is established and known upfront. The potential loss amount never varies and is always determined by the trader.

This higher level of transparency means that the overall risk level is often lower than that which is seen in traditional markets. In these markets the profit and loss amounts can vary greatly. In order to stop a loss, the traditional market trader will need to take action and sell off the declining asset. This is never necessary for the Binary today trader, as once the trade selections are made, the trade will run its course and then provide a clear outcome. Risk may also be controlled in the form of having complete power over the investment amount at all times.

In order to trade, the trader will need to select a broker. It will be the broker who is responsible for providing the trading platform and handling all elements of banking. There will be no per-trade fees or commissions to be paid. Instead, the broker only earns profits from trades which do not end in the favor of the trader. With no fees or commissions to pay for trading, the trader is able to hold onto more profits.

The broker will also provide a list of assets to choose from. Again, there is no ownership stake with these, only the need to predict how their value may change. The asset index of any Binary today broker will include commodities, currency pairs, indices, and stocks. Within each of these categories will be several options. The trader is free to pick and choose whichever assets he or she wishes to trade with.

Many are drawn to trading due to the fact that it presents the opportunity to earn substantial profits in very little time. There is no waiting for assets or investments to mature. Not only are trades limited to expiry time frames, traders are free to select expiry times as short as one minute. There are lengthier time frames to choose from as well. Brokers will offer several time frames to choose from on each trade.

The cost to start trading is limited to only the minimum investment amount required by the broker you select. Some offer minimums as low as $100. Many brokers now provide plenty of educational tools for novice and experienced traders alike. These are offered free of cost. With a low start-up cost, extremely simple format, and unlimited profit potential, there really is no mystery as to why so many individuals are now trading Binary today for profit.