Binary Options Strategy Types and Rules for Trading in South Africa

Best Binary Options Brokers 2020:
  • Binarium

    Best Binary Options Broker 2020!
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    Free Demo Account!
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  • Binomo

    2 place in the ranking!

Binary Options Strategy Types and Rules

If you want to start trading binary options in South Africa, it is important for you to find out more about the available strategy types and the rules involved in the market. Binary options strategy can be described as the predefined collection of rules on the trading system and money management.

Some traders, mostly inexperienced ones, normally trade on binary options market following their feelings and perception without following predefined set of rules and system rather continuously adjusts their system from one strategy to another.

It is true that most people trade without following set rules and still come out with profitable result at the end of the day. Yet, it is recommended for traders, mostly beginners, to learn at least the bases of binary options strategy types and rules.

This will help them ensure successful trading and drastically reduce their risk level in binary options trading. That is why this article is dedicated to provide South African traders in-depth information on binary options strategy types and rules.

The Technical Analysis Trading Strategy

Trading on binary options market is the result gotten from technical analysis of stock market graph and chart is known as technical analysis binary options strategy. In this the stock market chart history is used to calculate the possible future trend for the selected assets.

There are enormous systems available for trading with technical analysis in binary options trading. Some of the systems are easy to understand and simple, while some are known to be somewhat complex and difficult to understand as they require understanding of advanced trading indicators.

Developing your own trading system that will work in several markets will be easy for you when you already understand some of the simple trading systems that are designed for technical analysis trading strategy.

Also, you can easily develop your own trading style and system with the help of technical analysis. As well, you will be completely independent in binary option trading if you are able to master the rules in using technical analysis charts and indicator in binary options trading.

The News Binary Options Trading Strategy

In this binary options trading strategy, traders in South Africa normally make use of information from business and economy forecast to estimate or predict trends prospect for the trade assets.

For that reason, traders that want to trade using the news binary options trading strategy will make sure that they take note of the publications on the price of the underlying assets so as to predict the future price.

It is among the perfect and easy to use binary options strategy with proven result from professional and avid binary options traders in South Africa and beyond.

Another thing about this binary options strategy is that it requires that the trader be up to date about the latest publications in the business and economic forecast on daily bases so as to catch up with the developing trend related to the underlying asset.

Best Binary Options Brokers 2020:
  • Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo

    2 place in the ranking!

Fundamental Analysis Binary Options Strategy

Apart from the technical analysis binary options strategy, another strategy is the one done through fundamental analysis.

In the fundamental analysis strategy traders normally make use of in-depth information about the long and short-term analysis and consider the impact of the published economic news so as to estimate or predict future trends for the underlying traded assets.

More so, in this fundamental analysis you have to combine the information from the economic and business forecast alongside day-to-day support coupled with resistance levels in order to predict the Forex and stock market chart. With this trading strategy you can trade commodities like gold, silver, oil and others.

You can also trade stocks such as Facebook, Google, apple, Amazon and others. Fundamental analysis binary options strategy also supports trading in Forex such currency pairs like USD/EUR which is the most common currency pair.

The Signal Binary Options Strategy

The fourth binary options strategy type is the signal trading which is designed mostly with the beginners in mind. What you simply need to do as a trader is to subscribe to trading signals and follow the signals sent to you for the trading process.

One interesting thing you need to know about signal binary options trading strategy is that it does not require pre knowledge from the traders and there is not educational qualification required for the trade.

More so, you do not need to be experienced in binary options for you to effectively make use of the signal binary options strategy to make profitable trading in the binary option trading market.

Why Most Traders Are Going For Binary Auto Trading Strategy

Indeed, with signal binary trading strategy you can enjoy automated trading experience.

Through automated binary options strategy, you will not need to do anything as the robot will do entire work for you. The Binary Options Robot will be able to scan through the make and do the required analysis before trading for you.

If you have already subscribed for signals, this Robot can get the signals and place trade for you at any point in time without involving you in decision making. Majority of professional and beginner traders that do not have tight schedule in South Africa normally go for binary automated strategy.

Things You Must Know About Best Binary Options Strategy Type

One thing you must know why searching for best binary options strategy is that each and every one of the strategies mentioned here are unique.

Also, you should know that the broker you contacted for binary option trading will have hand in determining the success you will enjoy in your trade irrespective the strategy you selected.

The binary options strategy you select will determine the option types that will be available for your trade. For that reason, if you have selected a strategy you have to make sure that go for the option type your selected strategy needs.

African Traders Guide

Binary options trading in South Africa has become an increasingly popular market in recent years as more and more investors seek to open online trading accounts. As awareness of this particular method experiences growth, so does the number of international brokers offering their services.

Binary trading is unregulated, and as such local South African companies are prohibited from offering their services to SA traders. However, through our extensive knowledge of the binary options industry and the rules and regulations that apply to trading we can still show you, great brokers, to trade with.

Our team of experts have searched the internet for the best brokers, and we bring you only those with international licenses that are legally allowed to offer their services to South Africans. Our knowledge of all the legal requirements means we can ensure that your trading career is a safe and profitable one.

In this article, you will learn:

    The brokers best suited to your needs What local payment methods are accepted Taxes and fees that apply to ZA residents

Traders in South Africa

Like we found in Indonesia about the law on binary options, trading in South Africa is perfectly legal. There is nothing that prohibits an individual from trading online. The industry is however unregulated which means that there is no protection offered to those who choose to trade here. It also prevents good South African companies from brokering. So how do you select a company and what should you be looking for in features?

Licensing And Regulation

As there are no regulated South African brokers, you are going to need to find an offshore broker. CySEC, FCA or MiFID license many European brokers. Australia also has good brokers, look for an ASIC license. There are many to choose from, and it’s just a case of picking the right one for you.

Deals And Incentives

If you are new to trading, then you should probably look for a broker that offers a no deposit bonus. No deposit bonuses allow you to try before you buy. You should also take advantage of matched deposit bonuses, and trading contests so look out for them.

Mobile Trading Tools

Most people prefer to trade on the go therefore it is important to check out what mobile offering the broker has. Do they offer a mobile app that is suitable for the device you are using and is it available for both iOS and Android? If you are keen to trade on the go then this is critical.

Free Demo Account

A demo account is vital for many reasons. Firstly, it allows you to get familiar with the platform that you are going to be using. In addition to this, if you are using a reloadable demo, you can use it to try new assets and trade types.

The only way to legally invest and trade in binary options, in South Africa, is to use an off-shore broker. Finding one that has all the above benefits plus anything else that is important to you as an individual is difficult. That is where we come in. We display to you, only the best, most reputable brokers to ensure that your experience is a good one.

Trader Broker Asset Profit

Broker Fees And Tax

When looking at the tax requirements surrounding binary trading, South Africa is much like any other country. If you are an individual, then you will no doubt be paying Personal Income Tax. You could be paying anything from 18% for income below R160,000 up to 40% for anything over R617,000. Local tax applies to profits made on any income, and this includes binary options trading.

If trading is a second income, you will need to declare your income and ensure that you pay the correct tax on this amount. Remember to deduct any losses and work out your net profit so that you don’t pay too much tax.

Now while binary options brokers aren’t responsible for informing the South Africa tax department that you have made an income from trading, they will have a record of your transactions within your account. Make sure that you have access to this information as you will need it when calculating your total profit for a certain period. We recommend keeping a monthly record of deposits and withdrawals and recording all profits and loss.

While African taxes are the main cost that you will incur there may also be other fees to consider. These fees include:

    Currency conversion fees for converting to and from the currency you will be trading in Deposit fees usually associated with certain types of transactions. Your account provider can charge these fees Transaction fees from your credit card or e-wallet provider Withdrawal fees from the broker for making each withdrawal

If you are making lots of deposits and withdrawals, the money will soon mount up. Consider making fewer, more substantial deposits and withdrawals to try and cut down on the number of fees charged.

South African Licencing

Now while there are no legal issues that restrict South African citizens from trading, there is, unfortunately, a lack of brokers local to the country. It is not a regulated industry; therefore there are no legal or licensed South African binary options brokers.

There are however plenty of good brokers offshore that have the relevant licenses and regulations. The ones to watch out for are those that are licensed by CySEC or other European recognised licenses. Genuine brokers are more likely to be licenced in Europe, so look out for the brokers that display this licencing.

Do not use a broker that doesn’t have a license. There is a reason that they don’t have one, they either can’t get one, or they aren’t a serious broker doing things the right way. Why would you invest money with them if they haven’t gone to the trouble of getting licensed?

Also, make sure that any licenses are genuine. We have gone to the trouble of doing this with all of the companies that we review and recommend so you will be pleased to know that we only recommend genuine, trustworthy brokers that have a good reputation and history.

Our knowledge of all the legal requirements means we can ensure that your trading career is safe.

How we Recommend Brokers

There isn’t a choice of trading with a local broker for South African traders so if you wish to trade it is going to have to be with an offshore broker. Now, this may seem daunting and perhaps a little risky, but there are genuine SA brokers that offer an excellent service with proper incentives. Our job is to make your experience a more beneficial one by reviewing and rating South African brokers across the market.

Like all of our broker ratings and our best binary options reviews, we take into account every aspect of trading and what each broker has to offer. Firstly we look at their licensing and eligibility to trade. We only bring you brokers that have the correct licensing and operate within regulations and legislation. We want your trading experience to be profitable and without issue. We also examine the logistics of each broker.

Some of the critical areas include how easy it is to open an account, how easy it is to navigate the trading platform and whether the mobile website and app are user-friendly. We also examine what benefits each broker has to offer. Do they provide good bonuses, a good payout and what other rewards are available? For VIP / Premium traders we look at the higher end accounts and what they have to offer and how they compare to other offerings available.

We review brokers all over the world, and when it comes down to it, South Africa steps up pretty good. Our reviews focus on the options market are based on our extensive knowledge and experience of it. Our team of experts have many years of trading experience between them and know what matters. Our commitment is to only bring you the best South African binary options brokers on offer.

Frequently Asked Questions

Is binary trading in South Africa legal and safe?

South Africa has tax laws and regulations, and it is crucial to abide by these rules and regulations to avoid hefty fines. Earnings from binary options trading need to be declared.

Do I need to pay fees and taxes on my profits?

South Africa has tax laws and regulations and it is important to abide by these rules and regulations to avoid large fines. Earnings from binary options trading need to be declared.

Can I test brokers before trading with real money?

Brokers will offer lots of incentives to stay competitive. These usually include a demo account to allow new traders to trade on the platform without depositing any of their funds.

Is it easy to make deposits and withdrawals?

Making deposits and withdrawals is easy. Just open an account and make your deposit. Withdrawals can take up to 3-5 days; some brokers offer a much quicker turnaround for those higher stakes traders.

Can I trade using my mobile or tablet device?

Yes, to stay competitive all brokers must have either a responsive, easy to use mobile version of their website or an app available for either Android and iOS.

Robert has consulted for our website for five years and is a well-established member of the team. While he is passionate about the site, most of Robert’s time is focused on his current position as CEO of a professional coaching company.

Binary Options Strategies South Africa strives to become one of the best sources for traders in South Africa regarding trading strategies.

For traders to become more experienced and well-trained having on disposal a selection of different strategies is very important and efficient.

In this Strategy section, South African traders can learn more about strategies for beginners and also professional traders.

There are basic strategies, which are mostly used by inexperienced traders who recently joined binary options industry. On the other hand, traders can also read articles about intermediate and advanced strategies, which are used by pro traders to increase profits.

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Why it is Important to Have a Binary Options Strategy?

Having a trading plan is important segment of binary trading process since it can lead traders in South Africa to a profit gain if they have a clear vision of what to do next and how to trade binary options.

While some traders rely only on luck, it is far more wiser to have a strategy plan in order to know in which assets to invest in and what expiry time to choose.

Under Binary Strategies, we will provide our readers with different strategies, from those intended for beginners to those strategies, which will satisfy pro traders.

Such articles can be very useful to interested South African traders who want to benefit from binary options and are determined to achieve success by getting the most from binary strategies.

By choosing the right strategy, traders can experience great success when trading binary options.

This depends mostly about what type of a trader are you, do you prefer riskier trading or less riskier etc. All these elements are significant and therefore, we recommend our South African readers to check our Strategies tab in order to ge the latest info and useful articles to maximize profit.

Best Binary Options Brokers 2020:
  • Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo

    2 place in the ranking!

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