For brand new binary options traders, using a binary options tutorial to get an idea of how to start trading can be a valuable way to ease your way into the world of options trading. There are a number of free binary options tutorials available in the internet, as well as tutorials which are available for a fee. And while using an options trading tutorial may be helpful for absolute beginner, there are limitations on what a tutorial can teach you.
Firstly, you should find a binary options trading tutorial that covers the kind of trading you want to do. Make sure the options trading tutorial gives you information on the kind of asset you want to trade, as well as the time frame. If you want to trade 15-minute currency options, then a long-term stock option tutorial is an absolute waste of time.
Secondly, you want to make sure that the binary options tutorial goes beyond just explaining what binary options are and how they work. You can learn how options work, the difference between a put and a call, and how much money you can earn simply by taking a few minutes to read the free information on this website. A full tutorial, especially one that you pay for, should include extra information on looking at charts and indicators and on proper risk and money management. Binary options tutorials that simply explain how to make a trade are almost worthless.
You should take a look around and see if there are reviews on your chosen tutorial which were written by traders who used it. For paid tutorials, you want to see if you are getting your money’s worth, and you can never truly tell how good a binary options trading tutorial might be just from the claims of the provider. Do your own research so that you don’t end up throwing your money away. Likewise, if you feel that you already have a good idea about how binary options trading works, you might want to skip the options trading tutorial and go straight to demo trading, as there is no substitute for real-world experience.