Top Alternatives to Binary Options in South Africa
Certain trading platforms, like SnapEx, allow leverage through margin trading – providing the borrowed funds. Traders can use leverage to profit from small price changes, as it amplifies profits. However, you should be careful as it can amplify losses too.
Can You Actually Make Money with Binary Options?
George Soros has a particularly interesting quote about leverage trading, that really sums up the whole experience perfectly:
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Alternatives to Binary Options in South Africa
There are many alternatives to trading binary options in South Africa. Leverage trading on a platform like SnapEx, is a great start.
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Leverage trading is actually a fairly simple concept to understand, and it can be applied to a multitude of assets including Forex and cryptocurrency trading. Leverage is when a trader uses borrowed funds to increase their trading position beyond what they have available in their balance.
The actual word “leverage” usually refers to the ratio between the position value and the investment required, while “margin” refers to the percentage needed for the position.
How Does Leverage Trading Work?
Leverage trading adds a new layer to your trading experience, and is sure to set South African traders on the right track – seeing bigger profits than they would with binary options.
Before you start leverage trading, you’ll want to consider what kind of assets you have to put up to make up your deposit. Know the loan values and their time period, as cryptocurrency margin account loans tend to chance quite often.
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