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Therefore, this FAQs section should act as a knowledge-base in order to teach people how to get started on their investments. Binary options are often compared to gambling, but you need to be aware that they function completely differently. If you are interested in making a change with your binary options investments, you are going to need a lot of knowledge and even more practice. The other book is called Trading Binary Options: Strategies and Tactics , where the author Abe Cofnas focuses on identifying the primary markets for binary options trading and their characteristics.
Namely, these types of assets include indices, such as Dow Jones and Nasdaq , as well as Forex. Stocks from multiple international companies and certain commodities, like gold, silver, oil and coffee , can be included in trading binary options.
Most countries in Europe have legitimized binary options trading. The member-states of the EU are predominantly regulated by a single body, known as CySEC , which stands for Cyprus Security and Exchange Commission , although there are other authorities that regulate the matter in specific countries.
In the US, to view another example, these binary options are also legal, although not completely. The limitations mainly refer to the platforms and their proper functions. The USA has only three platforms which can be used for this type of trading: Their northern neighbour Canada has left things a bit undefined when it comes to this matter. Canada seems to be the grey are of financial investments because there is practically no legislation to ban or permit the trading activities with binary options.
As for South Africa and Australia, citizens have recently been allowed to perform their trades via binary options safely. There are about a dozen districts in Singapore which have completely legalized such trading. Recommended Online Binary Options Brokers: Can I profit from binary options trading? This is a tricky question in fact.
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