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Components of a Binary Options Trade

Trading the binary options market involves the following:

a) Selecting a suitable asset to trade.

b) Choosing a suitable trade contract (from the types listed above).

c) Selecting an expiry.

d) Executing the trade.

e) Waiting for the outcome.

There are four main asset classes from which traders can select a suitable asset to trade. These are stocks, commodities, stock indices and currencies. Each asset class has its own trading times and some other subtle peculiarities that traders must be familiar with in order to trade them successfully.

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