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Category: Start Trading (page 1 of 2)

OptionRobot Review

OptionRobot Review By Dean Evans

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Introducing Australia’s New Auto Trader

Review of OptionRobot

Investing in options has never been easier, thanks to the new auto-trading robot platform OptionRobot.com. To trade on this new platform you simply need to create an account, securely make your investment deposit and the trading robot will do the rest. All you need to do is to sit back and watch as the robot intelligently trades on your behalf.

Option Robot.com is a software that gives you the option to do online trading through an automated system known as binary option robots. Binary option robots are simple algorithm-based applications which automatically trade on behalf of the humans. There are three simple ways in which you can start trading in this platform. First you need to join, then you need to deposit the stipulated amount of money and then as the robot trading begins, you can sit back and watch your profits. This software sends trading signals and executes trades which are automatically linked to broker accounts. There are three kinds of options in trading systems: classic system (this is by far the most secure), Martingale system (if you are looking for profits, then you should opt for it), and Fibonacci system (if you are talking of accuracy, then you should take this option). However, you do have some control over what happens with your investment since you get the opportunity to choose among the three (3) trading systems – the classic system, the Martingale system or the Fibonacci system, as mentioned before.
If you choose the classic system, the robot will automatically trade the same amount for each trade. This is the best choice if security is your top priority. On the other hand, if you prefer maximum profitability over security or accuracy, then your best bet would be the Martingale system. For those who want to make the most accurate trades, the Fibonacci system is ideal.

How to use OptionRobot

In case of the classic system, you can do simple trade with the same amount of money. In case of Martingale, the amount traded will increase after the loss, and after a win it will come back to the initial amount. For each currency pair, the Martingale sequence will be calculated individually. In case of Fibonacci system, the amount will enhance after a loss and vice versa. Like Martingale, each currency pair will be calculated individually. Before you start trading, you have to select the right settings. There are six trading indicators which can be adjusted in the settings. If you choose multiple indicators, they should be correlated, so that a signal is generated. For instance, if MACD and RSI are chosen, the robot should have an indication of PUT signal to execute PUT trade. If you want a CALL trade, then the two signals should have the settings of CALL signal. MACD and RSI are the two best indicators to give the best signals. Some of the other indicators that are used are TREND, WILLIAMS, CCI and STOCH.

In addition, the robot has 6 indicators that you can select among. The 6 indicators available are the trend indicator, the RSI indicator, the Williams indicator, the MACD indicator, the stoch (stochastics) indicator or the CCI indicator.

How to make money using OptionRobot

Using Binary OptionRobot.com is absolutely easy. Once you have created the account and deposited the money, you just need to select ‘Start Auto Trading’. Binary options robots are absolutely legal, and if you are worried about your money, you should know that you are making money in the most legalized manner. The robot is compatible with all kinds of operating systems, so you need not worry about your OS while using the robot. You can withdraw your earnings at any time you want. You just need to visit the cashier, enter the amount that you want to withdraw and click on the Withdrawal option. The amount will be immediately transferred to your designated account. The minimum amount to be deposited is 200, but you should remember that higher the balance, the greater are the chances to make profits. To use the Binary Option Robot, you need not have any previous knowledge for binary option trading.
While selecting the settings, you just need to select the currency pairs that will be traded by the robot, the expiry time of trading or the time that will be devoted for trading, the amount for each trade and the number of maximum trades that can be done at a time. The selected trading system will only determine the amounts and the indicators will simply generate the signals. The signals are dependent on the indicators and the expiry time for trading

Compatible brokers and Locations 

The OptionRobot trading platform is compatible with several binary options brokers including Finpari, Tradorax partners, Go Options, Benedict Morris, Option Web, Option Rally, Cherry Trade, Stock Pair, and Banc de Binary. All locations are accepted.

Summary Of OptionRobot

As with every type of investment, there is the possibility of making a loss and you should only invest amounts that you can afford to lose. Nevertheless, the Option Robot platform is a viable alternative for investors who are seeking great benefits with minimum time and effort.

If you are the type of investor who likes things simple and convenient then the OptionRobot trading platform definitely deserves your vote, If you have any queries or comments about OptionRobot.com please feel free to contact myself, Dean Evans via skype or leave a comment below.

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Binary Options Trading Strategies and Online Trading

Binary Options Trading Strategies and Online Trading

Online trading is fast becoming popular among some investors and has seen growing interest in recent times. Binary options trading is particularly popular among investors who want to invest through online trading. This growth in interest has led to the development of binary options trading strategies designed to help investors improve their chances of trading binary options successfully. But what exactly are binary options?
Binary options are special types of options in which the trader either receives a fixed, predetermined amount of compensation or he receives nothing at all. The term “binary” implies and signifies that there are only two possible outcomes that can result from the trade. If the option expires at a strike price that is below the market price of the underlying option for a call option (in the money) or at a strike price that is above the market price of the underlying asset for a put option (in the money), the trader will receive the agreed compensation for the binary option. Otherwise, he will receive nothing. Those investors who invest in binary options usually do so through online trading platforms that are unregulated for the most part. Very few binary options are traded on regulated platforms. For this reason, binary options do present a certain level of risk. However, investors can mitigate risks and protect themselves by only trading with reputable online traders. Binary options trading strategies are many but there are few popular strategies that traders like to use.

Binary Options Trading Strategies.

Generally speaking, there are two basic types of binary options trading strategies that exist. The first type of strategy is based on the concept of odds and probabilities; very similar to betting. The second type of strategy is based on using market data to analyse the market in order to make more accurate predictions. The first type of binary options trading strategy places great weight on timing as well as on the amounts that are traded. There is always a 50/50 chance that the investor will make the right choice and end up in the money. However, there are several factors that investors should take into consideration that can make it more or less likely for them to hold a particular position about a binary option. One popular binary options trading strategy that investors use is the Martingale or Grinding strategy.

The Martingale or Grinding Strategy for Trading Binary Options

With the Martingale or Grinding binary options trading strategies, the investor will invest a certain amount in a trade and will continue to double the original amount invested in each trade until he records a win. These particular binary options trading strategies are based on the premise that as long as you continue to double up the amount invested; even if you lose, as long as you keep doubling up your losses, eventually you are bound to win since your chances of winning are 50/50. Here is an example of how the Martingale strategy works:
Let’s say you invest $10 to bet that the currency will go UP within the next 15 minutes and the established payout is 70%.
Amount invested – $10
Assume that you lost this bet because the currency went DOWN, instead of UP. This means that you would lose that $10.
You bet again that the currency will go UP but this time you have to double your investment and add something extra to it. So this time you invest $26.
Let’s assume that this time you win because the currency went UP as you predicted.
So you would make back your $26 plus, the 70% payout which would give you a total of $26×1.70 = $44.20.
The total amounted invested = $10 + $26 = $36
Your profit = $44.20 – $36 = $8.20

One advantage of the Martingale or Grinding strategy is that it is simple and appropriate for beginners since it does not require much knowledge about trading. In addition, it is likely that the investor will eventually win.
On the other hand, the Martingale strategy of trading binary options usually requires a large investment to cover any potential losses. If there are a great number of consecutive losses, the investor may end up investing huge sums of money and running out of cash before a win is made. When using the Martingale or Grinding Strategy, it is best to keep your initial investment on the lower end to avoid having to make huge investments in case you lose and have to double up.

Momentum and High Probability Trading Strategies are another popular type of binary options trading strategy.

Momentum and High Probability Binary Options Trading Strategies
The Momentum and High Probability Binary Trading Options Strategies require the investor to have knowledge of how to analyse market movements using techniques such as candlestick charting, moving averages, Fibonacci retracing and so on. The investor should have the skill to spot high probability situations by analysing what is happening within that particular market. The key to being successful with this type of binary options trading strategy is being able to accurately read and interpret the signals in order to increase the chances of making a win.
Trading binary options is an exciting way to invest. However investors should be aware that while they can make substantial profits, there is also the possibility of making losses. Those who are keen on binary options trading should take the time to understand how the financial markets work so that they can improve their chances of success at binary options trading. Also, it is advisable to seek out a reputable online trading platform. If you are new at trading binary options, you could benefit by using a binary options demo which will show you the basic idea behind binary options trading.

Why binary trading favors new traders

When forex trading was first introduced to the masses, it was widely considered the “newbie’s discipline”. Trading the forex market was considered accessible to everyone because it had less constraints. You could open an account for a few hundred bucks, and you could trade it using fairly easy to read charts, from home, whereas stock trading required you to have at least a few thousands of dollars and sometimes trade from the exchange itself.
In comes binary. Binary trading is now the “new” forex trading. New traders favor binary trading over anything else for many reasons, and they are right to do so. Let’s see a few of those reasons here.

  • Binary trading is extremely easy. You don’t have to bother with risk management, stop losses, counting trade size, converting in lots, and all that. You pick an amount you’re willing to risk, pick a side and press a button. Everything is done, there is nothing else to do.

 

  • You can literally start trading with a 10$. Some brokers allow you to deposit ridiculously small amounts to trade. They have made trading accessible to virtually anyone by doing so, and that’s why new traders like to join binary brokers over forex brokes. They can deposit a few bucks and start trading in a matter of minutes.

 

  • You know what you’re in for. If you’re risking, say, 10$ on a trade, you know exactly what you’re going to lose if you lose (10$) and what you’re going to win if you win (a percentage of 10$ set when you placed the trade). There is no slippage, no extra cost, no commissions.

 

  • It’s fun. A least it’s a lot more fun than trading forex on weird charts. Binary trading almost looks like a game, but a game that can make you a lot of money.priceactiontraining

 

Binary Options Trading Advice

The best binary options trading advice you’ll ever get

The recent enormous growth of the binary options market has attracted many new customers from all walks of life. The idea behind the heavy marketing displayed by binary brokers is that everyone can get rich from trading fast paced options.
Obviously this is the message almost each and every broker wants you to hear, but in the binary business it has been ever more hammered in the mind of potential customers since you get to start with so little money (from $10 sometimes) and don’t need any specific program or set of skills.
Since it’s so easy to access, many have been lured into thinking that binary options trading is extremely easy and a great way to make some extra bucks with little to no risk. Of course, risk is inherant with everyform of trading and binary options is no different. Trading on the financial markets is one of the most lucrative oportunities available today and binary options makes it accesable to the masses but before you go out and deposit with a broker, make sure you go in with a plan before you become another statistic.

The best advice you’ll ever get

Here is the advice, write it down, hang it on a wall, tattoo it on your arm (no, please don’t do that): You should treat binary option trading like a business. Every trade should be analyzed and managed as if your life were depending on it.
Binary trading is not super easy. You won’t get rich over night. You won’t make thousands of dollars from a $10 account in 2 weeks. You won’t win every single trade.
Trading, whatever the form (binary, forex, stocks, etc.) is a business. You need to go in with a plan and follow it to a T.
Before jumping head first into the binary trading world, sit down and write a decent plan. In this plan should be the following:
– How much money can I safely invest?
– How much money do I want to earn per month (be reasonable)?
– How much money can I risk per trade?
– Which strategy will I use, and why?
– How will I test the validity and profitability of that strategy before investing any money?
Once you have answers to these questions, you’ll be ready and far ahead of anyone who jumps into binary trading with big dreams but no plan at all.

A simple binary options strategy that works

Binary trading, in principle, is a pretty simple way of trading. It’s easily understandable, doesn’t require much knowledge to place a few trades and is extremely easy to access. Anyone can make an account within a few minutes, deposit a few bucks and start trading.
Obviously the trouble comes when it’s time to actually make some money! That’s where real traders will have an edge versus the recreational “let’s deposit and see what happens” types of traders.
Building a working and profitable binary options strategy can be a drag. The way most traders do it is by opening an MT4 charts or Freestockcharts.com (any broker) and fashion a strategy that relies on a few indicators plotted on these charts.
In this article, we’re going to save you the trouble of finding out what works and lay a sample out for you.

Strategies that work in binary trading

The best binary trading strategies are momentum based. This simply means that you should be looking for strong short momentum outbursts in the market and trade these off the binary market.
The way to spot a momentum trade is to have simple indicators and/or lines plotted on your charts. The purists will tell you to only rely on support or resistance breaks (and they are right), but that might be too difficult for you if you’re a beginner.
What you could do instead is plot an 18 EMA (exponential moving average) for instance. Each time a candle breaks the EMA and closes on the other side, you place a momentum (ie: short term) trade on your binary platform.
What were aiming to do is take advantage of the people doing the exact same thing in the “real” market, and basically take advantage of all the big positions the big players place when this happens, which pushes the market further. You capitalize on that strong market move, manage your risk and then move on to the next trade.

Trend Trading Binary Options

Going with the Trend

Trend trading– As far as “tricks” in trading go, trading by following trends has to be the oldest one in the book. Following the trend is THE go-to advice experienced traders will give to anyone wanting to start trading.
Although it is good sense to do so, some traders still get confused about the way it should actually be applied. In this article we’ll go over what trading with the trend is, and how to spot trends easily.

What does Trading with the Trend mean?

Trading with the trend means exactly what you think it means: it’s spotting a trend (a long term direction in the market) and following it.
Basically you want to spot whether the market is going up or down, and place your entries according to that direction.
The general idea is that usually long term trends tend to last… well, a long time. Therefore if you were to jump into long trends at the start, you could potentially ride them until the end and make a boatload of money.
It also means you can add to your position gradually every step of the way. This obviously depends on the type of strategy you’re using, but it should be your goal to always place your trades in favor of the dominant trend in order to put the probability of winning the trade in your favour.

How to Spot the Trend?

how to spot a trend in binary options

Obviously the first issue for new traders is to actually spot the current trend. Markets can go 3 different ways: up, down or sideways. Even though there are only 3 solutions, things can get confusing so let’s define how we look for trends once and for all.
First step is to open your charts, and zoom out. You don’t want to be seeing big candles or bars. Zoom out until you can see quite a bit of data on your charts.
Now sit back, and look: where is the market heading? Think like a 5 year old. If you were to ask to a 5 year old, “Where is the market going?”, what would he say? If you have a 5 year old, ask them! Its quite easy to spot when you don’t over think it.

How to Trade the Trends in Binary Options

Trading and following the trends is probably the single best way to make money in the markets. It has always been the strategy that big investors use, and this since the very early days of market trading.
Trend trading in the traditional markets (forex, stocks, etc.) is fairly straight forward. All you need to do is spot the current trend, build a strategy that allows you to jump in it at profitable points, and apply your rules the best way you can.
In binary trading though, it can become a bit more difficult. In this article we’ll see why it’s more difficult to trade the trends in binary options.

Trend Trading in Binary Options

binary-options-trend trading

The difficult part of trading the trends with binary options is that you’re locked into a trade for a certain amount of time, with what seems to be no power.
Let’s say you were to place a long term trade in the regular forex market, following the current up trend. It would be easy for you to regularly check up on your trade and adjust your risk. You could for instance move your stop loss up, close some part of your trade to limit your risk, or even just close the trade if you feel like you’ve taken all you could get.
In binary trading, you simply can’t do that, hedging your trade if the trend goes against you is the a good way to minimize risk, You can also manage your trade for a double profit setup, but that is more suited to a non trending market situation. Once your trade has been placed, you have to wait for the expiry to kick in, however, with some platforms you have the ability to sell off your position before your expiry, at a small loss if the trade goes against you or for a profit if the trade is going your way, which is essentially  the same stop loss system regular forex traders use without all the complications.
You definitely can make money following the trend in binary, you just have to adapt to the market conditions and manage your trades accordingly.

Trend trading clock

Finding the current trend is one thing, figuring out which expiry you should take is another. Try to think in absolutes: where is the market likely to reverse or slow down, and how fast is the market moving? (volatility) If the market is moving in quick successions of high numbers of pips, you might be better off placing a short term expiry on your binary trade, If the market is moving very little and is not showing many signs of being volatile then its wiser to extent your expiry times.
There are a plethora of ways to use the trend in order to trade binary options profitably. It is one of the simplest and most reliable chart patterns and can and should be integrated in all strategies while trading. If you have any questions about using the trend to trade binary options or would like to share your story of trend trading please do so in the comments section.

Price Action Trading

The art of price action trading

Price action trading is an art, they say. The mystery that surrounds price action trading is appealing to young traders. There is something about the fact that some people can make money off the markets simply by looking at candles going up and down that attracts the attention.
While price action trading is indeed very profitable for a select few who have learned to trade it perfectly, it’s also a very dangerous path to go down to for complete beginners. Let’s see why that is.

funny binary option humour

What is price action trading?

It’s all in the name. Trading price action is to base trading decisions solely on price movements. A price action trader doesn’t have any indicators on his charts. The only indicator he looks at is price going up or down.
The idea behind it is that price action should actually be the only information you need to make good trading decisions. Everything can be seen in the way the price of an asset moves. Indicators are just pretty representations of things you can actually see in the movements, and often times they are lagging (ie: they give you information about the market when it’s too late, when the information isn’t relevant anymore) or simply cloud your charts and prevent you from seeing anything.

Why is price action trading an art form?

price action trading discipline

Price action trading can be compared to an art form for many reasons. First of all, it takes a long time to master. Remember, you have nothing on your charts. You need to learn to spot things happening in the market just by looking at the price movements.
Second of all, price action trading relies a lot on interpretation and experience. One experienced price action trader might spot a perfect momentum trade opportunity while another experienced price action trader might decide to sit back and wait for a rejection.
All in all, while price action trading is very attractive and intriguing, remember that it will take many hours of practicing and dedication to master.

Is price action trading in binary options possible?

Price action trading is a fairly common practice amongst experienced traders. Some of the most old school forex or stocks traders only trade price action based strategies and have been doing so for many years.
With the recent appearing of binary trading though, these traders have found a new way to profit from their wealth of experience. Is price action trading in binary options possible? The answer is a definite yes!

How to trade a price action based binary options strategy

The first thing you have to keep in mind is that binary options have many, many options available. You can trade as low as 30 second expiries and as far as one month expiries, and there are a plethora of different ways to trade (one touch, high/low, Ladder and so on).
You will have to pick one and stick with it. Build your price action strategy around the way you wish to trade and the one that makes the most sense to you.
The most common way to trade binary options is the high/low option. Basically you’re predicting that the price will go either higher or lower than the price at which you placed the option.
Given that, as we said earlier, you can place short term trades (5min/15min), price action traders will thoroughly enjoy momentum trading on these expiries.

The strategy, in a nutshell

 

This is a solid strategy, but one which requires experience and discipline. The idea is to use price action based levels (support, resistance, trend lines) and trade momentum breaks off them using short term expires on your binary trading account.
Let’s say for instance that AUD/USD is approaching a strong support area. The price finally pushes through and breaks down below the support area. This would be a perfect time to place a short term put option trade (for instance 15min expiry ). This will take advantage of the strong downwards momentum offered by the break of the support area, which should net you money as you manage your trade accordingly!
Whats your experience with price action? Do you trade price action? We would love to know;) Please leave your thoughts and comments below!

Binary Option Basics

The Binary Option Basics every trader should know

develop a binary option strategy

Binary Option Basics consist of the fundamentals or the essentials things any person needs to know or needs to have in order to participate in binary options trading. The most essential requirements of trading binary options is the need for an internet connection and hardware from which to trade from such as a PC or tablet, so if you are reading this on a website then you already have all the necessary hardware needed to begin trading. Any trader or new investor should make an effort to understand the binary option basics in order have the highest chance of trading success while participating on the financial markets

Basically there are two options: Bull or Bear

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Call and Put, Up Or Down, Bull or Bear– These are your options while trading on the binary market. The reason Binary Options is so simple is because there are essentially only two basic options to choose from while trading. Financial Markets rise and fall- in other words they go up and down. How you make money with binary trading is by correctly predicting the direction your chosen asset will go in- Up or Down, Call or Put. You need to predict whether the value of your chosen asset  will increase or decrease by your chosen expiry time.

 Basic Option #2 : Calculating Expiry time

Expiry time

Once you have predicted either Call or Put (up or down) you will then need to choose the expiry time. The expiry time is the time at which the option contract expires. So in order for a call trade to be successful the price of the asset would have to be higher  than when the option was purchased and visa versa for a put option. Choosing an expiry time is one binary option basics that is easily calculated by looking at how the much the market has moved in its last swing (top to bottom) and how long it took to move from the most recent high to its most recent low.  When it comes to the basics of binary trading, choosing the correct expiry time is often a little tricky for beginners so I suggest a little further study into ADR (average daily range) and ATR( average true range) alternatively you can use a reliable signal service to accurately calculate expiry for your trading

How to Develop a Basic Binary Option Strategy

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Okay, we have covered the binary option basics of Call and Put options as well as expiry times. Now we are going to dive into how you can develop a simple Binary option strategy that suits your trading style, time allowance and temperament. First thing you should to understand about trading is that you don’t get paid based on how much you trade. You get paid according to how successful your trading strategy is.

In the world of trading quality beats quantity any day so you really only need to focus on the quality of your trades rather than the quantity of your trades. That way you will only need to trade quality trades for 1-2hours a day to make the same money that trading quantity all day would produce.

Basic analysis of the market should be done in 15minutes

market analysis

Keep it simple stupid- Stick to the binary option basics-  It shouldn’t take hours to analyse the market.

Technical analysis of simple price action will tell you which direction the market is heading.  Fundamental analysis using the economic calendar ( news releases, world events)  will tell you if and when you should be trading on a particular market.

As a general rule I do not participate 30minutes before or 30minutes after any major news releases that could affect the asset I am looking to trade in. It is possible to profit from news releases but that requires a particular strategy optimised for highly volatile conditions and is not a basic necessity for trading binary options.

Binary Broker Basics

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Binary Option Brokers are an essential part of trading as they provide the platforms the trades are executed upon. There are many different binary option platforms available on the market today and each one of them offer traders the ability to participate on the financial market. Before you go right ahead and think you are safe with any binary option broker please visit the binary options blacklist and do your research before investing your hard earned capital with an unreliable brokerage.

Choosing a reliable binary broker is one of the basic requirements for new investors looking to participate in binary trading.

Binary Signals Basics

binary_options signals

Signals are trade signals indicating the direction of market.  Ideally they are generated by market analysts that factor in both technical and fundamental aspects of the market in order to predict the direction of an underlying asset. In most cases the signal is placed manually by the trader who is receiving the signals from the signal provider.  As technology has evolved new technologies have been developed by the leaders in the industry. Semi Auto Signals trading is now possible and is a much easier and efficient way to trade binary options profitably using signals.

Basic Scams in Binary Options

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The binary options bonus scam- Many legitimate binary option broker will offer traders a trading bonus upon deposit, for example: upon the deposit of $500 a broker may offer a 100% bonus so the trader has more capital to start trading with. The downside to this is what is written in the fine print: A trader must rollover (trade) the amount of the bonus 10x (or whatever the amount is) before a withdrawal can be made. The bonus is not a scam as it is certainly an advantage for high frequency traders that turn over a high volume of trades. The “Bonus” is a tactic brokers use to lock in the funds of inexperienced and new traders should be aware of the Ts and C’s before accepting a bonus.

Basically, Thats It!

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That just about wraps it up for the basics of binary options folks, There is so much information out there when it comes to binary options as it is a rapidly growing industry but all in all it’s one of the most simplistic forms of investing and it is a very profitable industry with some of the highest payouts of the investing world. Binary Options have been kept in the dark as a lot of misconceptions cloud peoples perceptions of what binary options are due to the number of unscrupulous scams being offered by commission driven vendors but let this not blind you to the financial abundance lifestyle that is achievable through trading.

The Successful Edge

They call us gamblers. They say we depend on luck.

They claim that no one can beat the market, and we’re wasting our time.

This isn’t a real job, we should give up our hobby, they say.

But if they only knew… that we are the masters of risk,

the essence of entrepreneurial spirit, the liquidity of the economy.

We live by our wits, eating what we hunt, adapting to the ever-changing jungle landscape
that is the market.

We trade the currency you circulate when you shop.

We trade the companies you work for each day.

We trade the gold on the watch on your wrist.

While you wilt at the sight of failure and loss.

We relish adversity.

We are not afraid to take losses, to talk about our losses
to rebound from our losses. Those are our defining moments!

Discipline and self-awareness are our companions. We are what you’ve always wanted to be.

And we’re coming out of the shadows.

We are traders.

Please Like, Share and comment on this post if you enjoyed. Thank you and Happy Trading

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Top Tips for Binary Options Trading

Tips and Tricks for Binary Options Trading

Binary options trading is fast becoming a very popular method of investment. Unlike forex trading, binary trading offers less risk, but still offers a good return on investment. There are plenty of assets and currencies to choose from and this sort of investment offers methods easy enough for anyone to learn. There is no need to understand the whole stock market to make binary options work for you.

However, before you even think about trading binary options, its important that you  do your research. It is vital to develop a strategy that suits your trading style and temperament so are always  trading with as little risk as possible. Here are some tips to help you develop and learn the perfect strategy for your binary options trading.

Make Practical Use of the Demo Accounts

Practice pinned on noticeboard

Many Binary option brokers and companies will offer demo accounts. These are dummy accounts where you trade using monopoly money so you are not risking  any real money. Trading with a demo account is a great way to fine tune your trading strategy and its also a great way to learning about the markets and seeing how good you are at predicting  whether the price of the assets will go  assets will go up or down.  Trading with a demo account allows traders the chance to make all the mistakes, and take some of the bigger risks before hitting wall street with with their strategy.

The downside of course with trading on a dummy account is that you are not getting any real money in return. But the practice will give you the chance to develop the most profitable binary options strategy for yourself.

Listen to the Experts

ask-an-expert

There are many people out there who have been trading on the financial markets a long time. Professional traders  will know what they are talking about and often have a lot of insight into how the market is behaving. It is quite often well worth listening to the professionals as while they want to make the money themselves, many professionals will remember what it was like when they first started trading and will want to help others get a head start.

There are great benefits to talking to the experts and asking them about their strategies. Most professional binary option traders are happy to help out their fellow traders so question them, find out why they place the calls or puts when they do, and why they choose specific time frames because  building a successful strategy is quite often much easier when its built of the backbone off an already successful strategy. Talking to the experts is a chance to find out  why specific assets are more favourable than others so you can in turn, tweak and modify your strategy accordingly.

Set a Limit

know-limit options

Setting yourself a limit  is especially important when you’re learning.  When you start out and everything is new and shiny it’s really easy to get swept up in emotions and keep trading when you’re losing. Emotionless trading is what you want to achieve so You want to develop the perfect strategy,  a proven TESTED strategy that you have confidence in so its eliminates the fear of loss. The problem that most people encounter is that they need more time to learn, constantly putting your money down on failing investments is not teaching you anything. 

It’s really important to set yourself a limit. Your limit could be on the number of trades you make or the amount that you lose. This is a much better way than to not have a limit, lose on your whole income and become a another statistic.  Trading binary options can be very addicting because of the high payouts so be sure not to adopt a gambling mindset. Set your limit and then stick to it.

Do Your Research

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Learn all you can about the different types of assets that you want to trade in.  For example, I am based in Australia so I like to trade the Aussie dollar, I have studied the way the market behaves against the US Dollar for some time now and it is now my most profitable asset to trade as I know how much the market is likely to move on a  daily basis(ADR-Average daily range).

Not all Brokerages and platforms  will offer you a wide range of assets to trade from , it as always an advantage to invest with a company that offers a wide range of assets for you to trade. There are over 200 assets available with Boss Capital, my preferred brokerage platform.

Not all Programs/Services/software will offer you a wide range of options so you will want to research the different pieces of trading software on offer aswell. Make sure you know all about what they offer, which assets they trade and how well they perform before signing up or downloading them onto your computer.

Investing time in research will really help you develop a strategy and become a the most profitable binary options trader you can be. There are many golden nuggets when it comes to investing and the more you learn about the markets the more nuggets you uncover, for example you may find that there are seasonal options for specific assets, like religious events affecting the price of sugar because of a nationwide fast such as the Ramadan-  So you see it’s  important to stay on top of the news as this affects the assets and currencies.

Strategies take time to develop. When you Start out you need to take time to research binary options trading and trial your skills with demo accounts. You can learn more about a winning double profit binary options strategy here.  Once you are ready to invest your put your money, set your limit and always listen to the experts. They do know what they’re talking about.

If you have any tips or tricks to add from your own trading experience, please you are encouraged to leave a comment below.

Risk Management for Binary Options

Managing Risk is Important With Binary Optionsstrong-risk-management binary chain

Learning proper risk management plays a very important part in becoming a successful Binary Option Trader. Risk Management, which is similar to the insurance policy protecting the value your car, house, or any valuable asset to you, is an important element to any financial investment. When it comes to binary options, the risk potential that you face is limited in that you don’t lose more than your initial investment. In addition, if your trade expires out of the money, you can still receive a small percentage of your beginning investment back to your trading account with some platforms. Managing risk correctly while trading options can make the difference between profiting in your trading career and clearing all of your capital completely.

For every trader, it is very important to have a good understanding of how much risk you’re exposing yourself to if you desire to be successful in binary options. The purpose of this article is to look at the importance of effective risk management, how to control your losses and what strategies to use when managing your risk while trading binary options.

Why Managing Risk is so Important

risk_management binary options
Risk management is one of the main elements to profiting in the world of investing. Binary options traders have the knowledge of how much risk and profit potential they have before they place a trade. However, this doesn’t eliminate the risks involved with trading. Learning and applying effective risk management strategies is the how you eliminate risks while trading on the financial markets.

As a trader, you have to have know that you have the ability to lose all of your money without being cautious. risk management options
This is an easy concept to grasp, where most people struggle is when it comes to the actual application of it. Most Brokers place a lot of emphasis on the benefits of binary options while ignoring all the downfalls, which causes a lot of traders to believe that placing large risky trades with big money aims are the way to go.

What to do about Risk Management

It’s very easy for those that have a demo account to practice risk management, I do have to mention that trading on a demo account is often quite different to REAL trading, You see, after emotions and real money come into play, the game changes completely. Emotions can cause weird and wonderful thoughts to occur which affect the decision making process.

no fear trading optionsImagine placing trades with full confidence, without the fear of loss because you have a system that works. This is why managing risk with binary options is so important, so when the market moves against you, you are calm cool and collected because you have a system in place that works. My “System” is called The Successful Edge and it’s not really a system it’s a methodology taught to me over the years by a 30 year trading veteran.

Risk Management: Loss Control

One of my recommended ways to manage risk is by taking control of your losses from each trading position. First you need to understand that losing in binary options is completely normal. Don’t Panic!  All professional traders lose every now and then. Winning each trade every time is just not realistic.

Binary option platforms do not utilize the stop loss feature you have with forex and stock trading platforms. Instead, you can cover your lost trades by hedging your trade or by covering your loosing trade with a trade whose profit will cover the lost investment plus an addition to your total capital. To learn more about how to implement one of these strategies please see the Double Profit Tutorial

Bottom Line- Risk Management in a Nutshell

 

If you don’t manage risk correctly you are living on the edge of disaster.  Managing your risk profit loss binaryrisk in binary options is all about maintaining control of your trades, so until you are confident with your risk management procedure I suggest managing only a few trades at a time. The more trades you have open, the more risk you will be exposed to. Makes sense doesn’t it? Less trades lowers risk. The more control you have on risk exposure, the more flexible you can be when the occasion arises. As a trader, you should have the ability to act when an opportunity in the market arises. Directing your attention to managing risks correctly will enable you to continue trading even when things don’t go as planned. Managing your risk while trading Binary Options is very important as it can be the difference between being a professional binary options trader or another chart statistic.

 

Start to Work from home with Binary Options

In order to work from home with binary options you need to understand how to trade binary options.  So, what’s the best way to understand binary options and how to trade them?  Well, for starters you need to learn how to read financial charts and how to undertake fundamental analysis of the market you are wanting to participate in.  Second, you need to learn how to perform technical analysis on financial charts such as support and resistance levels, how to recognise trends, and the right way to use indicators. Learn these techniques and you can start to work from home with binary options using simple trading strategies that are easy to learn. Its easy to start earning extra income by trading binary options from home, even for a beginner or a person who has not traded before.

Businessman with hand writing pictures

Okay, let’s talk about charts. There are many charting solutions available on the Internet, freestockcharts.com is a great one to start with, it is very user friendly and it has a wide range of tools and indicators to assist traders with their analysis of the market.  You can find them on the charts and graphs page under the resources section of the main menu.  You’ll also find in that section, another great charting solution provided by Netdania.  You will need to install Microsoft silverlight plugin for freestockcharts and you will have to have an updated version of java for netdania charts, both are free and should work on all operating systems, Windows and Mac. Netdania also has a mobile charting application that is quite useful if you are on the move.

binary_options_trading guyTo get a basic understanding of support and resistant levels, check out option training tips in the resource section of the main menu.  Try drawing a few support and resistance lines on your favourite currency pair and spotting a few trends on one of the charting programs I mentioned before. Go on, you may surprise yourself There are two types of trends, up and down, bull and bear, A BULLISH TREND IS AN UPWARDS TREND WHILE A BEARISH TREND IS A DOWNWARD TREND.  Sometimes the market can be non trending and in what we call a sideways situation.  There is a way to profit in every market situation using different techniques and strategies. You can check out the double for tutorial in the resource section for an example of how to profit when the market is in a sideways situation.

To start Trading you will have to sign up with a brokerage firm. Brokers that have been tested and approved by Binary Option Alliance are as follows:

 

24option

 Read review

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Titan trade

Read review

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OptionRally

 Read review

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 Interactive option

 Read review

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 Top Option

 Read review

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By the way, It is free to sign up with all the recommended brokerages and it’s a great way to view the different platforms, The different brokerages have different features and trading tools and resources and its easy to sign up for a free account and test out and explore the different features the platforms have to offer traders. There is often live support to assist you with any questions.

 

There are many resources available to traders to assist them in their analysis of the market and a great option is binary option trading signals, There are many different types of binary signals services and Binary Option Trading Signals is one of the best way for traders to learn while they earn while they watch live screen feeds of professional traders every trade session, so new traders get to see exactly how the professionals are doing it, LIVE. Great for beginners and even if you already are a binary option trader and you are looking for that edge to boost your profits, binary option trading signals are a great choice. Check out their website here to find out more.

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Binary Option Alliance has a load of new pages and features, explore though the main menu to find some great trading tools, reviews and articles. The recent trades page has been updated as well as the trusted signals provides page has some new additions,  some of the other new feature include :

OK so, We’ve discussed whats it takes to start working from home with binary options and earn and extra income trading online. If you have any questions about setting up your charts or signing with a brokerage, don’t hesitate to contact live chat support available in the bottom right corner of this web page. Also feel free to ask any questions about binary option trading signals and other quieries you might have related to trading or leave a comment in the comments section. Thanks for tuning in and reading about the basics of how to start trading and earning extra income from home using binary options.

All the best for 2015, make an effort to make this a prosperous year and develop a strategy for success! #successin2015.

 We are a growing company and we would love your support! Please like and share us on Facebook and join our circles on Google Plus! Happy Trading!! 

 

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