This time around our data, which is powered by the retention automation firm Cpattern, is showing a substantial increase in activity from the Far East. Regional financial centers Singapore and Hong Kong are taking charge in our top 10 for December with average deposits to binary options brokers reaching levels of above $3,000.
Kenya is the only African country which is in the top 10 spot on a nominal basis, but the country is leading the way when we look at data which is normalized for GDP per capita. Two other African nations are in the top 5 – Nigeria and Ghana, with brokers, consistently reporting increased traffic from the former.
The entrance of the United States into the top 10 is a very worrisome development for brokers in the binary options industry. While few and unregulated brokers are accepting clients from the US, additional attention from financial regulators in the country has already negatively impacted some brokers and the whole binary options industry.
What are binary options?
Binary options are ways to trade price fluctuations in multiple global markets. Trading binary options have become a popular trend in financial markets today. It is an excellent way to make more money in short span of time. However, the risks are great in the business. Just relying on the luck will put you in hot water. You might even lose all your investments. Keeping in mind the complexities involved in trading binary options, here are some tips which will help you minimize the uncertainties:
Trading binary options is a long term activity. If you want to reach the top of it, create long-term plans and implement them wisely. Maintain good strategies and stick to them. Focus on your goals.
Study the market regularly which will help you to anticipate behaviors of binary options assets, furthermore assisting you to make accurate decisions. Be aware of the current market situations which will be directly influential to your binary options trading. Remain up to date to hold a firm grip of the subject matter.
If you want to excel the field, enjoy what you are doing. It is really important to have fun while you are trading binary options. Make sure that you do not get bored while trading or it will affect your performance negatively.
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