Is trading on your platform exactly the same as trading at a binary options broker
Below are some examples of how this works. This psychology of being able to focus on limits and the dual axis will aid you in becoming a better trader overall. The very advantage of spot trading is its very same failure — the expansion of profits exponentially from 1 point in price.
They will simply make you a better overall trader from the start. To successfully trade you need to practice money management and emotional control. Introduction Video — How to Trade Binary Options These videos will introduce you to the concept of binary options and how trading works. Here are some of the types available: Will a price finish higher or lower than the current price a the time of expiry. These can often be some way from the current strike price.
Select the asset or market to trade — Assets lists are huge, and cover Commodities, Stocks, Cryptocurrency, Forex or Indices. The price of oil, or the Apple stock price, for example. Select the expiry time — Options can expire anywhere between 30 seconds up to a year. Some broker label buttons differently.
Choose a Broker Options fraud has been a significant problem in the past. Here are some shortcuts to pages that can help you determine which broker is right for you: Low minimum deposit brokers — if you want to trade for real without having to deposit large sums of money.
Asset Lists The number and diversity of assets you can trade varies from broker to broker. Expiry Times The expiry time is the point at which a trade is closed and settled. Expiries are generally grouped into three categories: Long term — Any expiry beyond the end of the day would be considered long term. The longest expiry might be 12 months. Regulation While slow to react to binary options initially, regulators around the world are now starting to regulate the industry and make their presence felt.
The major regulators currently include: Strategies and Guides We have a lot of detailed guides and strategy articles for both general education and specialized trading techniques.
Beginners Guides If you are totally new to the trading scene then watch this great video by Professor Shiller of Yale University who introduces the main ideas of options: Best Time to Trade Lesson 2: Tools for Trading Lesson 3: Trading Breakouts using Pivot Points Lesson 4: How to Use the Fibonacci Tool Lesson 5: Risk Management Lesson 6: Variable Binary Options Lesson 7: How to Postpone Expiration Times Lesson 8: When Not to Trade Lesson 9: Going Mobile Lesson There are three types of trades.
Each of these has different variations. How Does a Stock Trade Work? Identify the desired expiry time The time the option will end. Put and Call Options Call and Put are simply the terms given to buying or selling an option. Are Binary Options a Scam? These simple checks can help anyone avoid the scams: Marketing promising huge returns. This is clear warning sign. Operators making such claims are very likely to be untrustworthy. A trader should know the broker they are going to trade with!
This would include email contact as well — any form of contact out of the blue. When taking a bonus or offer, read the full terms and conditions. Do not let anyone trade for you. Are Binary Options Gambling? Advantages of Binary Trading The main benefit of binaries is the clarity of risk and reward and the structure of the trade.
Minimal Financial Risk If you have traded forex or its more volatile cousins, crude oil or spot metals such as gold or silver, you will have probably learnt one thing: Flexibility The binary options market allows traders to trade financial instruments spread across the currency and commodity markets as well as indices and bonds.
Simplicity A binary trade outcome is based on just one parameter: Whilst you will receive a notification when someone that you follow places a trade, you will need access to TradeConnect in order to be able to view the full trade details. Can I copy other Traders? If you have access to our TradeConnect feature it is possible to copy other traders.
Please visit the My Brokers page to connect your accounts. Once your accounts are connected you can use the TradeConnect Copy feature to copy trades directly to your broker account. What exactly is TradeConnect? TradeConnect is a great way to learn from the more experienced traders on our platform and you can also use this information to profit by copying trades yourself either manually or with one click at one of our integrated brokers.
It is also possible to copy a trade using your demo account, you can do this by clicking on the copy link that appears in the box for every trade made by someone you follow.
What are the benefits of Premium Membership? How do I become a premium member? You become a premium member by purchasing a premium membership to our site. This can be done by clicking the Premium button that appears after logging in to our site. What trading platform do you use? We developed our own trading platform and created a company called Social Trading Solutions to deal with the software side of things. So just to be be clear, there is no charge for trading as long as I want on your platform?
That is correct, we do not charge for the use of our trading platform and anyone is welcome to trade on our demo platform for as long as they would like. Where can I view a history of all my trades? Your complete trading history is available via the trading area or via the drop down menu under your name at the top of screen. How does your Top Traders feature work? Our Top Traders feature works exactly as the name implies. All trades on our system are registered and our system automatically keeps track of how much profit each trader has made during a specific period of time as well as a range of other variables.
Top Traders are displayed on the homepage of our website as well as on our Top Traders page. Using our premium TradeConnect feature you are also able to follow our top traders or any trader on our platform and view what trades they make in real-time. There are a number of reasons why the rates for our assets may differ from those of another broker, trading platform, mt4 or TOS. Please note that we update our real-time rate for visual purposes once per second, ie charts and rate are updated once a second.
Trades are executed and close based on faster updates. Data Exchanges Unlike equities and indices, Forex rates can differ depending on which exchange the data is being derived from.
Different Data providers use different exchanges. For our Forex data we use xignite. These differences should however not have any effect on trading outcomes as our shortest binary option is of a 30 second duration. Commodity prices can also vary slightly depending on the source of the data that is being used.
Account management deposits and withdrawals etc are sometimes overlooked on the weaker apps. The best applications will offer full account management. This is the area where mobile really comes into its own — and is perhaps one of the key reasons why trading is moving away from desktops.
You can then access your account instantly and tweak your trades accordingly. As an example, Banc De Binary features live graphs and updates from Reuters. So which individual platforms provide the best mobile experience?
A Practice App A decent demo account app also performs another useful role; it doubles as a practice app — essentially allowing you to get to grips with it and execute some dummy trades while on the go.