How to Search for a Capable Binary Options Broker

How to Search for a Capable Binary Options Broker

Posted by on Apr 6, 2016 in Binary Options Trading, Capable Binary Options Broker |

If you want to start investing in the binary options trade, then it is imperative that you search for and pick that online broker who has a trading platform supporting binary options trading. One of the potential brokers that can be trusted these days is 24 Option. Many other trading platform with real-time trading system and web-based transactions can actually be chosen nowadays – not only the 24 Option.

There are indeed numerous binary option brokers you can find on the web nowadays. Most of them are regulated but you cannot discount the fact that there are those trading brokers who are non-regulated. What it means to be a regulated broker is to follow the set rules and regulations of a country. Non-required are the opposite.

While the non-regulated brokers may not necessarily follow the set rules and regulations of the country, there are times when they are perfectly safe to trade in. the trader just have to choose after fulfilling certain criteria. These are the criteria to check out before finalizing the decision as to which trading broker to use. Here are some of the tips to remember when choosing a broker.

Tip #1: Choose a broker offering a variety of assets.

The broker should be capable of offering you with many different options. They should be able to cover as many currencies, commodities, stocks, and indices possible. There is a wide variety of options to enable the trader some flexibility. This is also what offers a perfect range of opportunities for profit.

Tip #2: The broker should also offer a variety of expiry times.

When you are dealing with binary options, you will not only be dealing with a monthly trading time. You can trade weekly, daily, hourly, half-hour, fifteen minutes, ten minutes, and even sixty seconds. You have to choose the broker who actually offers more than one expiry time to the binary option trader.

Tip #3: Reliability and simplicity always come first.

It is imperative to find a trading platform like 24 option that is intuitive and user-friendly. The said platform should also be responsive. In addition, their going rates should be that of the true market rates. Otherwise, traders will find themselves easily making silly mistakes which will eventually lead to them losing a lot of money.

Tip #4: Impeccable customer service.

Check more on the customer service and immediate support offered by the trading platform. You should be able to receive help timely. Moreover, the broker must provide educational materials designed to assist the new traders get familiar with the trading concepts of binary options.

Tip #5: Secure and quick money transfers.

Know that when it comes to trading, it is very crucial to point out concerns regarding money. You have to determine how the brokers transfer the funds inside and outside of your account. Ensure that you should have no problems withdrawing and depositing money into your account. Confirm how the bonus scheme operates as well as the percentages for the pay-outs. Check the reviews about the broker regarding on this matter on the web as well. These reviews are most often impartial and extremely helpful.

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How to Choose an Asset to Trade in Binary Options

How to Choose an Asset to Trade in Binary Options

Posted by on Apr 6, 2016 in Binary Options Trading |

Choosing the perfect asset to trade is essential for binary options trading. When you are selecting what asset you will trade, you have to understand what characteristics make various asset classes stand out. You also have to take note of the different market condition calls for varying assets you are trading in binary options trading platform like 24 Option.

Most of the traders have a difficulty in choosing what asset to trade. After all, there is an overwhelming number of assets in the market. There are indices, commodities, currencies, and stocks. The decision you make should depend on what knowledge you have regarding specific asset types and how they behave with a given market condition.

Since this is binary options being traded, the volatile market is the perfect market to trade because the asset moves quickly. In a non-volatile market, only a few assets actually perform. You will not be able to earn a profit that way.

Here are some of the tips to remember when choosing your preferred asset.

Tip #1: Paired currencies are always moving.

Out of the many asset class, the foreign exchange market is probably the most volatile asset class of them all. This is where currencies are actually being traded, after all. Several currency pairs are traded as a binary option. These include EUR/USD, USD/JPY, and NZD/USD. These are the best currency pairs with the highest liquidity. Therefore, they are the most volatile.

Tip #2: Commodities are attractive options.

The binary options also deal with commodities. However, they do not have the same characteristics as those in currencies. The underlying assets being traded, instead of currencies, include silver, oil, and gold. There is a reduced volatility for such commodities. You will commodities easier to trade at the start of a contract period.

Tip #3: Look for assets that negatively correlate to your preferred asset.

Take the currencies as an example. You can easily trade the USD/CHF in opposite to the EUR/USD. These are two currency pairs that are negatively correlated, after all. When it comes to trading binary option currencies with this purpose, you will find it easier to trade when the economic news is currently being released.

Tip #4: Trade Stocks to Capitalize on the Brands You Know and Love

Numerous stocks are popularly being traded as binary options. For example, stocks like the Microsoft, Google, and IBM are affected in its entirety by their company reports or by the economic news. The best times to trade a 24 Option, when you are highly likely to earn a profit, is when the company you wish to trade are reporting their earnings or right after a major news item regarding that company is being covered.

Tip #5: Indices are perfect trade tools if you see the big picture.

Remember that the index markets are extremely volatile – even more so with the currency markets. After all, in essence, indices are just a bundle of assets. It is not only one asset. There are indices that actually take some time before they can respond to any company report or financial news. Trading index in binary options at 24 Option is best when there are major announcements about stocks or a stock within that index.

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Binary Options Trade: How to Keep Away from a Broker’s Scam

Binary Options Trade: How to Keep Away from a Broker’s Scam

Posted by on Apr 6, 2016 in Binary Options Trade, Binary Options Trading |

Binary options trading is where a trader can earn a good profit while minimizing the risk of losses in a short period of time. There is no need to spend a lot of money for this trade to be able to earn a lot. All a trader has to do is to invest time and effort into researching more about the market as well as developing plans and strategies that can be applied at the right moments.

While the binary options industry can be very lucrative, it is also one of those trade that is plagued extensively by scams. This is the reason why there are a lot of people who link binary options trading with fraud. If you are a well-informed trader, then you should be able to understand that not all of the brokers in this particular industry are out to scam you. Reputable ones such as 24 Option are legitimate investment tools you can use to earn profit.

Just do take note that it is not only the binary options industry that is afflicted by scams. There are a lot of scams and fraudulent agencies hitting other areas of financial services. These are the scams that must be steered clear from.

If you are trading with the reputable trading platforms like the 24 Option, then you should be able to obtain advice and tools which can help investors to understand how these potential scams work. You will also have an idea on how to avoid them. You should start with learning the most common fraudulent behaviors to be able to properly avoid them.

Here is a list of the fraudulent behaviors and tactics that you must take note of:

  1. Fraudulent brokers will easily manipulate the market data they present to their investors. This should be easy to manipulate if they make use of charts and graphs. There are other means that they implement on their trading platform to manipulate these market data.
  1. The fraudulent brokers can also withhold the withdrawals made by traders. These withdrawals are all rightfully requested by the trader. On the other hand, there might also be a delay on the funds transfer. These are behaviors that should raise a red flag.

  1. There are some brokers who are engaged in fraudulent behaviors in that they use their trader’s credit card information. The information is used to that they can continue charging their trader. The worst thing is that they are charging the said amount without the trader’s approval.
  1. Some brokers also offer bonuses. These bonuses have an aim of holding their trader’s funds. Since the funds are locked in, then they are prevented from withdrawing and then cashing out the profits they have earned all throughout their trading duration.
  1. Another one in the list of fraudulent behaviors to watch out for is when brokers attempt to take advantage of their trader’s personal information. The use of the personal information is mainly for unlawful reasons. Most likely, it will be due to identity theft.

To know more of other fraudulent behaviors, do your research thoroughly. See here to identify these scams and stay away from them. It would help a lot with your trade.


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Tips for Maximizing Profits for Binary Options Trading

Tips for Maximizing Profits for Binary Options Trading

Posted by on Apr 6, 2016 in Binary Options Trading, Profits For Binary Options Trading |

Binary options trading is a trade where you always have to ask yourself how you can maximize your profits. In this trade, it should be possible to earn as much profit as you want within a short period of time if there are just proper plans and strategies implemented. Aside from learning how to maximize profits, it is also a given to learn how to minimize losses.

For those people who want to enjoy the lucrative profits provided by this particular trade, it is only natural that you ask for help. There should be resources offered in the trading platform you have signed up for – like with the 24 Option. In these trading platforms, you will most likely be able to obtain tips that are worth following during your trade.

Here are some of the tips that you should be able to take advantage of for your binary options trading:

Tip #1: Go for the educated route.

You have to be an educated trader when you want to earn profit as a trader. Do not ever rely on beginner’s luck or even intuition just to make your trade. Take advantage of the relevant news reports you will be receiving from 24 Option to decide on what or when you will place your stake. Review the charting platform, scoping, technical indicators, and resistance lines. These are crucial when you want to capitalize on your timely trades.

Tip #2: Better trade what you already know.

It is important that you trade the asset you already have knowledge of. That way, you will be able to easily do your trade. With extensive research, you can also support what knowledge you already have. You can start by trading and researching that one asset you already have information about. Research into it extensively. Once you are confident with trading that asset, you can then proceed on availing of other assets and trading with it in binary options.

Tip #3: Hone your money management skills.

Your money management skill is basically the key to a successful binary options trade. When it comes to money management, you have to set a clear boundary and stick to it as religiously as possible. This is the quality that will separate you from being a gambler. You will have to prepare a plan for the length of time it takes for a trade session, the amount you are willing to risk, and other limitations of the trade. Even when it seems that things are going your way, you have to quit when you have reached your limit.

Tip #4: Select a good strategy.

The right strategy should be used at just the right moment. The more information you have about the market and your asset, then you can prepare a good strategy you can rely on at the right moments. Be capable of employing varied strategies and learn how you can take full advantage of them.

Tip #5: Practice as often as you can.

Do not be ashamed to use your trading platform’s demo account. This is what helps you become a better trader, after all. By practicing, you can grasp a good feel of the trade.

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