Binany in Kenya

Binary options are a relatively new financial instrument with which a trader can trade precious metals and oil or currency pairs (liquid goods). Simply put, this is a betting transaction with two possible options: the correct forecast and profit or the wrong forecast and loss of investments. They take part of their name from the structure of the trades themselves, since each trade has two (“bi”) possible outcomes.

Trading is one of the most modern and profitable tools for making money.

Binany trading is one of the simplest types of earnings, especially because it deals with guessing the price change for a certain currency or raw material (asset). There is no need to have unified knowledge in the field of economics or finance; Or any course at all.

It’s simple: you only need to predict whether the price of a certain asset will rise or fall. Visually, this process will be shown on the graph.

What is Binany trading platform?

How do options work?

An option is a derivative asset, its price depends on the value of the underlying shares. Based on this, trading has a high risk, as well as profitability. On a good day for you, a 1% increase in the underlying stock could equate to a 5% increase in your entire options portfolio.

Unfortunately, the situation can be reversed as well. Due to the high risk, investors are not always ready to invest all their funds in options for fear of incurring unexpected losses.

Where there is risk, there is always profit. Where there is profit, there is always risk. Before you start making a profit (up to 90% of the transaction amount), you need to know that every risk, like every income, is fixed in advance.

As mentioned earlier, closing a deal is one of the easiest and most affordable ways to make money. The minimum stake (in other words, the transaction amount) on Binany is 30 KES. And the minimum deposit amount is 300 KES.

Main types of options:

All options are divided into three types depending on the period of exercise – American, European and Bermuda.

European

The contract has a certain, pre-specified expiration period (the expiration of fixed-term contracts and the settlement of the parties).

For example, if a trader purchased a contract with execution in 15 minutes, then it is impossible to close it before the expiration of this period. These options are used for short-term trading using aggressive strategies.

“American”

This is a contract in which the transaction is closed when the price reaches a certain level. The trader is not obliged to wait for the expiration date of the option specified during the purchase.

Due to democratic conditions, American-type options have a lower yield. They are most profitable when using moderate strategies in medium-term trading.

“Bermuda”

There are so-called time windows in a Bermuda or Mid-Atlantic option. When such a window is reached, the trader has the right to close his contract at the current price at that time.

Bermuda options are interesting for long-term trading, and time windows for redemption are usually indicated for the entire period of the option’s existence.

What’s the point?

First you need to make a deal. We choose the expiration time (that is, the option closing time) and wait for the end of the precious seconds. The platform will check if you made a correct prediction and if it turns out to be correct, then you will receive a profit of up to 90% of the amount invested.

Binary options are a relatively new financial instrument with which a trader can trade precious metals and oil or currency pairs (liquid goods). Simply put, this is a betting transaction with two possible options: the correct forecast and profit or the wrong forecast and loss of investments.

They take part of their name from the structure of the trades themselves, since each trade has two (“bi”) possible outcomes. Trading is one of the most modern and profitable tools for making money.

Binany trading is one of the simplest types of earnings, especially because it deals with guessing the price change for a certain currency or raw material (asset). There is no need to have unified knowledge in the field of economics or finance; Or any course at all.

It’s simple: you only need to predict whether the price of a certain asset will rise or fall. Visually, this process will be shown on the graph.

How to register on Binany?

To register on the platform, you need to create an account. To do this, you will be asked to fill in the data fields (email, password and select a currency).

Then click on the “Binany registration” button. And don’t forget to verify your email address to activate your account. Without activation, you will not be able to Binany sign up

How do I login to the Binany platform?

Find the login button in the top right corner of the page. If you haven’t verified your email address after registration, please go to email.

To Binany sign in to your account, after confirming the mail you will be sent back to the site where you can open your profile.

Enter the Binany login details and password that you provided during registration.

Deposit and Withdrawal Money

To deposit funds into your account, click on the deposit button in the upper right corner. Choose the deposit category and the payment system that is convenient for you.

Next step: enter the amount you want and click continue

Please note that the Binany minimum deposit is 50 INR/BDT/KES. Binany maximum deposit none.

The transaction takes place as soon as possible.

To Binany withdrawal funds from your account, select the “withdrawal” item in the site menu

• Next step: choose a payment system
• Next step: enter the amount
• Next step: enter wallet number
• Next step: submit a request

Within a few days, the transaction will be completed.

Popular currency pairs for trading in Binany

The currency pair in the binary options industry is a common asset among binary traders.

On Binany com, the popular currency pairs are:

• GBP/ USD – the ratio of the British pound to the US dollar. Sufficiently high volatility and frequent breakouts of levels
• EUR/ JPY OTC – the ratio of the Euro to the Japanese yen. This couple is unpredictable.
• USD / JPY OTC – the ratio of the US dollar to the Japanese yen
• NZD/CAD – ratio of the New Zealand dollar to the Canadian dollar
• GBP/ USD OTC – the ratio of the British pound to the US dollar. One of the hottest on the market
• GBP / NZD – the ratio of the British pound to the New Zealand dollar. This pair is popular among predominantly experienced Binany trading participants.

Trading strategy on Binany

Trading with the direction of the trend is the basic trading model that brings you profit. By analyzing a certain direction of market dynamics and participation in its movement, you have the ability to predict the growth or rise in prices.

Over time, you can choose other Binany trading strategies or develop your own strategy. Mastering a basic trading strategy will help you build the foundation for your trading career.

You will understand why the trend line is very important and how to get it.

Economic events

Make sure you understand the basics of the economic calendar and the timing of important events. Eventually, you will learn to link events to likely economic events that affect your trading cycles.

Price impulses

Price fluctuations occur in light of buying and selling. Ideally, this is an indicator supply and demand for an asset per unit of time.

Another beginner strategy tool is Binany trading signals. Trading signals are copying the purchase or sale of an asset based on recommendations and market analysis by other market participants.

Experienced traders recommend not blindly trusting such a strategy and resorting more to manual regulation of actions. Participate at intervals of 1 day to a week to correlate your actions.

Application for trading on Binany

You should note that it is not possible to download App on Google Play. To download Binany app you would be obtained from a direct link, following the instructions below:

• Follow the link on the site.
• At the bottom of the page, find the Binany app
• Click “Download”.
• Agree on the notification at the bottom of the screen.
• Once the download of Binany trading app is complete, install the APK file.

Is Binany legal in Kenya?

It is difficult for such companies to gain access to the Kenyan market due to the lack of appropriate government laws and licenses. On the other hand, the options market is open to Kenyan traders.

After analyzing a brief overview of the site, we can say that Binany trading is legal in Kenya, since the legal entity is located abroad, it accepts Kenyan shilling, the site has popular payment systems in Kenya. If you use the site’s application, Binany app is legal in Kenya as well, as it adheres to all the established conditions.

Frequently Asked Questions

Can I get my first deposit bonus twice?

Unfortunately, no. The bonus is credited once, on the first deposit for new customers

Can I withdraw KES to e-wallets in other currencies?

Yes, it is quite possible, but please note that the transaction will be automatically converted at the current rate

Do I need to create a separate account for trading in the app?

No. All data from the application, website, mobile version are synchronized with each other and are checked

Is Binany safe in Kenya?

Yes, trading on the Binany platform is completely safe. The site has been operating in the Kenyan market for 3 years and always fulfills its obligations