Binary Options Using CedarFinance.com

Way back in the day, I traded stock. I had an actual portfolio. It was not very big but it had a few shares of American Airline’s stock, before it was AMR, and one hundred shares of Phillips Petroleum.  Having this many shares was enough so that I could sell options, which was something that I needed to learn about. I did pretty well at the time. I was getting about 21% return after the brokerage fees. Of course, this was in the days before internet. I actually had to walk into a brokerage firm to trade stocks. I was able to buy and sell options by making a phone call. And the brokerage fee was huge by today’s standards.

Recently, I was recommended a site called cedarfinance.com which is a brokerage site to trader binary options. For those of you that do not know, since most people do not, binary options are also called digital options or all-or-nothing options. In this connotation, binary is referring to the on and off nature of the option. Basically, if the option hits the contracted price, you get money. If not, you lose your money. Binary options tend to be high risk and high return.

This site seems nice in that it has a smooth platform and a low investment cost. In the old days, you needed several hundred dollars, often times a couple of thousand, to be able to trade options. With Cedar Finance, I am able to invest with only $100 or $200. I have never worked with an online brokerage before but I will admit that I like this setup. The site is robust with information and they have real customer service in case something problematic happens. If you have some money to invest, you may want to take a look at them.

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