Category Archives: Finance

How To Become A Binary Option Trader

How To Become A Binary Option Trader

Binary Trading, or a Binary Option, is also known as an all-or-nothing option, a digital option or a fixed-return option.  Some people even call them exotic options because of the high returns although exotic is definitely not the word to use. 

The correct word would be simple.

A binary option is simple to use or trade in, simple to understand and simple in that you only have two choices.  Binary means two.  When you trade in a binary option you choose the option, place your bet (figure of speech) and then you say yes or no.  You go high or you go low.  You win or you lose.

You can be in any country to participate in Binary Trading.  Have a look at Trading Binary and follow the very simple steps to become a trader.  The rules are clear.  You need to be eighteen years of age or older, and you need to have some money to start.  You need to hook up with a Broker, and the tradingbinary.co.uk website offers or suggest many.

And then you need to pick which commodity you want to trade in.  It does not have to be anything that you have previous experience in and you do not have to have any knowledge about it. Your broker will give you advice, whether it is on gas, oil, diesel, a Bank, a Corporate, a valuable metal like gold or silver, or – well, the options are endless.  It is like trading in the stock market, but much much simpler.  You stand to make a lot of money (a fixed profit) or you stand to lose what you put in.  There is nothing in-between.

There is a wide variety of types of binary options to choose from. You may like to work with a single option or two or more options based on your experience, financial standing or other factors. The maximum return on investment may vary based on the options you trade and the position you take. Few traders may allow you to profit up to 500%; however, in many cases, the profit margin would not be that high.

You can trade in any global market; there are no restrictions in Binary Trading.  It is a little bit like gambling where you choose something to gamble on and then put your money on that product.  If you win, you win big.  If you lose, you try again or you walk away.  The difference between this and gambling is that here you have guidelines, help, advice, a company that has your back like TB and a broker.   There is always full transparency so you, the Binary Trader, know and understand exactly what your broker is doing on your behalf.

You can make the calls to take your profit or loss as you see on the screen at each moment.  You are able to track your trading every step of the way and if there is anything that you do not understand you would get hold of your Trading Binary broker.  You can, and it is in fact advised, get more than one broker. 

There are many ways to choose a broker.  See what they are asking as a minimum deposit, ask them questions about success, who their clients are and how long they have been in the business.  Ask them to go through a demo model with you.  Ask them about various investment opportunities and which have been their most successful.   You will very quickly get the feel as to whether this is the right broker for you or not.  At tradingbinary.co.uk the brokers all have a good reputation and will explain everything to you step by step.

Remember, it is simple. Binary Trading.  Yes.  Or No.

Interest Rates On Student Loans In The UK

September is just beginning and as the last memories of summer are blowing away in the autumn breeze, everyone is facing forward to the academic session about to begin. If you are considering taking out a loan to cover your tuition or perhaps just your maintenance fees, then you would probably be interested in finding out what the possible interests will be for your loan. This post is about the different interest rates found on student loans in the UK and how you can maximize that knowledge to get the best deals.

First of all, where to apply?

Applying for loans is largely dependent on your location. If you are located in Wales or England, you should apply to the Student Loan Company, North Ireland students apply to the Education and Library Board, while Scotland students apply to the Student Awards Agency. Your application form will include details of your passport, (including passport number and validity dates), your national insurance number, the course you are studying (may include name and location of institution) and your bank account details and sort code. After providing these details, approved applications are replied with an entitlement letter and further details on how to receive the money.

Interests on student loans are non-negotiable, however they are only required to be paid when the student has finished with the college or school being applied to, and only if the student has an income of up to GBP 21,000.

There are different interest rates applied to student loans, for both undergraduates and postgraduate student loans.

Undergraduate loans

Interests on these loans are largely dependent on the repayment plan type selected by the student.

  • Income contingent repayment loan

Interests on this loan, according to the Student Loan Company is 0.9%. This applies to student loans in Scotland and Northern Ireland (or carried out before 1 September, 2012 in England and Wales).

  • Income contingent repayment loan from 2012

For loans carried out after 2012 in England or Wales, the interest rate depends on varying circumstances:

    • While studying and until the April after leaving the course the rate is 3.9%
    • From April 6, after leaving the course till the loan is finally repaid, the rate is variable depending on the income of the student. That is, it is 0.9% where the annual income is below GBP 21,000 and can be up to 3.9% as the income increases to GBP 41,000 and more.
    • Failure to respond to Student Loan Company requests for information, which results in an addition of 3% interest irrespective of salary/income standard, until the information is provided.

Postgraduate loans

Postgraduate students taking out loans for Master’s degrees on or after August, 2016 are required to follow an interest rate of 3.9% on the principal. However, unlike the undergraduate loans, that figure is largely dependent on the Retail Price Index (RPI) and can be changed every September. The RPI figure is 0.9% till 31st August, 2016, though it has held at the same rate for two years going.