In the end, you stand to make a profit of 797,000 (1 million 200,000 3,000). It is revealed that the house is haunted and that its foundations are in decay -you now consider it now worthless. Because you bought an option, you are under no obligation to go through with the sale. Of course, you still lose the 3,000 price of the option.The straightforward nature of Binary options makes them a great way to insert instant liquidity to your portfolio and there is no special prior market knowledge that is needed. Binary Options trading transforms the complicated world of trading into a one single simple question: Will the value of an asset go up or down within a certain Time The answer is always a two option answer, a binary answer Up or Down.If the answer is up than the trader will buy a Call/Up option and if down a Put/Down option.Buying an options cannot be any easier as it comes down to a single click on button: either a Call/Up button if you think the price will rise or the Put/Down button if you think the price will fall.Binary Blaze offers you a set of trading tools to help you increase the success potential of you chosen open. Moreover, Binary Blaze offer you a unique Social Trading feature, which allows you to see what are the chosen options that are being traders by your fellow traders in real-time, including the results of these tradesGone are the days in which traders had to wait an infinite time before could close their trade with a desired profit .Binary options trading offers the options against a fixed expiry time. The period of expiry can range from one minute to a number of days, and the trader is the one who choose the expiry time. Binary Blaze offers the shortest expiry time in the market a 30 second option This feature is especially designed for reactive traders who depend on news reports and data releases that cause immediate and quick market fluctuations. It is this tendency which makes them very profitable.Range traders also love this feature as it enables them to by multiple options within an expected range. For information regarding trade types visit our Trading Academy , or get a free lesson with a master trader.Copyright 2015 Binary Blaze Please be aware that laws regarding financial contracts may vary throughout the world, and it is your entire responsibility to ensure that you fully comply with any law, regulation or directive, relevant to your country of residency to the use of this website. EKOM GLOBAL UK LTD, 1A, Arcade House, Temple Fortune, London NW11 7TL, UK.CherryTrade CherryTrade is one of my favorite US friendly broker and a top recommended brand on many financial portals. Get access to 160 Assets including commodities, currencies, stocks and indices. 24/07 support via chat, email and toll-free. One of the great advantages is the minimum 5 per trade which allows beginner traders to practice before jumping in the water with larger trades. CherryTrade is very popular in US, Canada, Europe and many countries around the world. Mobile platform is available free. Visit the complete CherryTrade Review for more information on this broker.EmpireOption Empireoptionis a unique broker being head-quartered in the beautiful city ofMontevideo, Uruguay. In terms of popularity, Empireoption is very big in Canada, US and Brasil. One of the big advantages with EmpireOption is their competitive starting minimum as low as 100 which is suitable for all budgets, however its always recommended to start with at least 200 in order to diversify your funds properly. EmpireOption offers support in multiple languages including English, Portuguese and Spanish.At EmpireOption you will find the 60 seconds feature, BitCoin Trading and a wide range of E-Seminars offers exclusively to EmpireOption members. Visit the completeEmpireOption Reviewfor more information on this broker.Minimum TradeIf you are absolutely new to binary options and you are looking to practice, remember that one of the important factors you must always consider is the minimum trade requirement as each broker offers a different minimum trade requirement ranging between 5 per trade and all the way up to 50 per trade. For a beginner trader the 5 is more suitable as it will allow you to experiment and practice different strategies before you jump in the water with large investments.Check out my CherryTrade Review as they offer a low minimum trade of 5 and full access to US ResidentsMinimum DepositNot all traders can afford to start with 1000 and some are struggling to fund an account with the 200 minimum requirement set in place by most brokers. If you cant afford the 200 deposit you can practice with a free demo account.Hi Angela, I was going to review SpotFN a month ago but then I received a couple of really bad emails concerning one serious withdrawal issue and one trader who reported that his account was deleted over night and he never managed to get of them again. They are relatively new and you wont find a lot of information about them. As a golden rule I recommend avoiding newly established brokers. There are a handful of reliable US Binary Options Brokers with a much cleaner reputation so dont settle for less. Take TitanTrade for example, they have well established and have a perfect track record. GOptions offer same-day withdrawals. There are lots of great options for you. Thank you for following my blog by the way, I remember you from your email, and all the best with your trades Cheers MikeMike,Just wanted to say Thank You I was about to open an account with BANC54 recomended by OptionsCharger. But 1st I checked to see if this was a scam and found your Report advising DO Not Fund.Thanks, you saved me some moneyGlad youre herePamLike some others I almost opened an account today. Fortunately, I thought they sounded too good to be true and decided to do some research first. Thank you, Mike, for your information. It turns out that RBOptions is not regulated, probably a scam, but legitimate Binary Options do sound interesting. Thanks, again, for your information.I stumbled across the Daily Binary Profits or DBP Ver.7 today. Its a trading system software.