New York, USA (PRWEB) December 08, 2012
On January 1, 2013, the US will be facing the so-called fiscal cliff — a popular term referring to the effect of tax increases and spending cuts scheduled to take effect at the end of December 2012. Although the laws leading to the fiscal cliff will eventually help reduce the US budget deficit, many financial experts point out that it may have adverse effects on US economy. For instance, the Congressional Budget Office predicts that GDP will drop by 0.5 per cent when the laws are implemented, leading the US into recession and increasing the country’s unemployment rate to a staggering 9.1 per cent. With smaller budgets and unemployment looming in the coming year, the Binary Options Experts advises Americans to consider binary options trading as an alternative source of income to help them get through these difficult times.
According to financial experts from the New York-based consultancy firm, trading binary options offers a number of benefits for cash-strapped American workers, one of which is the small capital needed to begin. “One of the best aspects about binary options trading is that you don’t need huge amounts of money to start investing. You can start with small volumes and as you gain experience and confidence, you can invest more to get even better returns,” explain experts from the group.
In addition to requiring only small sums for trading, binary options trading is also beneficial for new traders because of its simplicity, as traders only have to speculate on the future value of an asset. “As the name suggests, binary options give traders two possibilities to choose from: either the value will rise at the expiration of the trade or it will fall. If you make a correct analysis of the asset’s future value, you will then collect the profit. Your trade is a simple profit or small loss situation,” state the company’s experts.
The short duration of trades and high profitability also make this form of trading ideal for today’s workers. According to the group’s consultants, “Traditional stock options need to mature before you can redeem high earnings. With binary options, you can collect a large profit — on average, the rate of returns for binary options ranges from 75 to 85 per cent — within a much shorter time frame.”
“Binary options trading contracts also last for just a few minutes or hours — you don’t have to wait a long time and suffer unpredictable or unfavorable market fluctuations. This means that by the end of the day, you already know exactly how much profit you have made,” they add.
For those who are interested in trading digital options as a means to supplement dwindling incomes, experts from the group give the following advice: “Like all forms of financial trading, trading binary options has an element of risk. It is possible to lose some or all of your money very quickly, particularly if you are emotional and succumb to greed or revenge trading. You need to educate yourself to understand how the assets move in the market. Educating yourself on your investments is one of the most important things you can undertake,” they stress.
Interested parties can get more information and avail of expert assistance on trading binary options by visiting the Binary Options Experts website at http://www.binaryoptionsexperts.com/.