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Tradenet Funded Account Program – Learn How It Works To Be A Better Trader

Tradenet Funded Account Program - Binoption

Tradenet Funded Account Program - Learn How It Works To Be A Better Trader!

Tradenet funded account is a day trading education program which offers a couple of trading programs for day traders.

Each program contains very important resources like trading courses, sessions, analysis, strategies, etc. related to the trading market.

In day trading, a trader has to close a trade on the same day before closing the market. It is popular among traders who wants to make money daily. In the stock market, traders also need to use a higher amount of leverage with short term trading strategies.

For those who are new in the day trading or want to improve their trading skills, they can get live education from Tradenet. It is the world’s best trading academy. 

Meir Barak is a founder of Tradenet. He is a professional, experienced, and a leading Wall Street expert trader. It was established in 2004. From the establishment, more than 30,000 professional traders around the world got an education from the academy.

They offer courses on stocks, CFDs and foreign exchange (Forex). Besides, the trading programs are for both inexperienced beginner and experienced traders.

We are going to write on Funded Account Program, which is popular and helpful for traders. You can select any one of the four packages according to your trading skills.

Before starting, let us give you a short introduction on the Funded Account Program of Tradenet.

What is Tradenet Funded Account Program?

Tradenet Funded Account Program is a combination of multiple days trading educational packages. The program is designed to help traders, especially who has a little knowledge of trading. To join this program, you can improve your trading skills. 

Moreover, it will help you to become a profitable trader in the long run. So that you can happily apply to trade with an investment firm capital. But you have to be an eligible and qualified trader for getting approval.

Traders are eligible to apply up to $240,000 for a Tradenet funded account. The interesting part is, you will receive up to 85% net generating profit.

How Tradenet Funded Account Program Works

The day trading programs will take you to step by step, according to your trading knowledge, needs, and goals. They train people and make them eligible for performing profitable trades. 

The Tradenet Funded Account program covers all information recorded educational studies. As a result, you will never lose any information or material. You can also interact with the day trading mentors during the live sessions.

On the other hand, you will get four different day trading education’s packages under the Tradenet Funded Account program. Each package contains multiple trading courses based on your trading skills.

So, the packages are –

  • Intro
  • Student
  • Expert
  • Pro

We will include all the necessary information about these packages one by one.

Start today

Tradenet Intro Program

Tradenet Funded Account Intro Program - Binoption

The intro program is a very basic package, including the self-study course, demo account facility, trading chat room, along with a book. The registration fee is $500.

It will help you to learn from professional traders via the live trading chat room. Moreover, you can follow the professional trader’s trades. 

Traders will get eligibility to apply for a $14,000 funded trading account with a maximum drawdown of $700. Remember, the drawdown is your maximum loss limit. You will mostly receive 70% of the net profit. 

The intro program has 4 sections, and each section serves a different purpose. Together they are the perfect match for a beginner trader.

These sections are:

  • Self Study Course
  • Live Trading Chat Room
  • Trading Book
  • Demo Account

# Self Study Course

In the self-study course section, traders will get dozens of learning units and training videos. These will help you to learn the basics of trading.

Also, traders will enjoy interactive sessions and tests. The service duration is only for 12 months.

# Live Trading Chat Room

Live trading chat room session will allow you to trade live with Tradenet’s top analysts. Besides, you can watch their trading and can improve your trading skills. To learn better trading strategies, you can copy the professional trader’s trade. The membership is available for 1 month.

# Trading Book

The third section is the Trading book. Meir Barak wrote this book for new and experienced traders. The trading book name is “The Market Whisperer”, and it is Amazon best-selling stock trading education book. You can enjoy this online trading book in nine different languages. The service will on for 2 months.

# Demo Account

Lastly, you will get a demo account facility for 14 days. With the help of this demo account, you will get to familiar with the advanced trading features. Also, you can easily test the functions of the trading platform.

Join intro program

Tradenet Student Program

Tradenet Funded Account Student Program - Binoption

The Student Program will help you to step ahead with a dream to become a day trader, and you can get this package by spending $3,000.

Additionally, traders will get an excellent day trading course mentor-ship, star trade course, including all benefits of the Intro Program.

You will be eligible to apply for a funded trading account of $80,000. The maximum loss limit is $4,000. Traders will also get 75% of the net profits.

There are 6 different sections, and we have already discussed 4 sections in our previous point. The rest 2 sections are –

  • Weekly Mentor-ship Session
  • Star Trade Course

1. Weekly Mentor-ship Session

Through the weekly mentorship session, you can join in the weekly mentorship meeting. You can enjoy the live mentoring of the trading platform with comprehensive training sessions. However, the service duration is only for 1 month.

2. Star Trade Course

The last part is the star trade course, where traders will get 15 hours of online trading sessions. It is absolutely wonderful and highly recommended for traders. You will also get access to all recorded materials.

Also, this course will offer calculated trading risk, live trading room mentoring, and comprehensive training sessions. The service duration is for 3 months.

Join student program now

Tradenet Expert Program

The package fee is $6,000, which is designed for experts with full of resources. You will be eligible to apply for a $160,000 funded trading account with a maximum drawdown of $8,000.

On the other hand, you will receive 80% of the net profit. Traders will get an extra course in this package, which is the Forex Trader Course. 

In the Forex Trader Course, you will get three live online sessions with a duration of 3 hours each. Apart from this, you will also get a facility to join the live mentoring trading room and access to recorded materials. The course duration is for 3 months.

Join expert program

Tradenet Pro Program

It is a premium package worth of $9,000. Moreover, it has all of the tools that will help you to become a professional day trader.

You will be eligible to apply for a $240,000 funded trading account with a maximum drawdown of $12,000. Moreover, traders will receive 85% of the net profits. 

This program is only for those traders who are professional in the trading field. You will receive all of the benefits of the Intro, Student, and Expert programs, including top trader course.

In the Top Trader course, you will get five live trading sessions with a duration of 3 hours each.

You will also get a personal 1: N mentoring facility, advanced trading strategies, and access to record materials. The service duration is for 6 months.

Five-day Demo Trading Challenge

Traders will get five-day demo trading challenge for Free Education and Funded Account. You have to sign up with your name, email, country, and contact number to apply for this challenge.

If you succeed, you will get access to a $14,000 live funded account. Moreover, a trader will receive 70% of the trading profit.

As per their website, the five-day demo account challenge goal is to find out skilled day traders. Demo challenge is limited. So, applicants with little to zero trading experience might not get a chance to participate.

Besides, you have to follow some terms and conditions before applying for the demo challenge. These are:

  • Each trader will receive a demo account with a trading balance of $10,000 without Margin.
  • The goal is to reach and maintain a net profit of $500 at the end of the trading challenge.

Tradenet will give you a demo account with a $500 profit target. You have to prove that you can become a successful trader by fulfilling all the following requirements:

  • At least 3 active trading days out of the
  • At least 2 trading days with a net profit of $100 or higher
  • Minimum 6 tickets and a maximum of 20 tickets per each active trading day
  • The maximum daily loss must not exceed $100
  • The maximum total loss must not exceed $300
  • Day trading only – all positions must be closed before the end of the trading day

However, to find a highly capable day trader, Tradenet designed this course with some difficulties.

Start demo challenge

Conclusion

At the end of this article, we would like to reinstate that if you are want to be a successful day trader, then Tradenet Funded Account Program will help you to fulfil your dream.

Besides, if you are looking for other opportunities, then you can check their free course and 14 days trial, where you don’t need to spend a single penny.

The Tradenet Funded Account Program will help you to learn the fundamental principles of the stock market, technical analysis, strategies, money management, psychological conduct, and many more related to the trading market.

It is a professional trading academy with a clear focus, based on practical experience.

So, to change your future, join the path to success.

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IQ Option Withdrawal And Deposit – How To, Proof, Problems

IQ Option Withdrawal Deposit Method - Binoption

IQ Option Withdrawal And Deposit - How To Apply Methods With Proof And Problems

IQ Option withdrawal and deposit process are different from other broker’s firm. Of course, there is no similarity because each broker has it’s customized terms and condition. 

Moreover, many traders pay a little attention to a broker’s withdrawal and deposit policy. However, it is required for all types of traders. Traders mainly focus on other promises features. They completely ignore the terms and conditions mentioned by a broker.

In this article, we will explain how you can withdraw and deposit from IQ Option, problems, withdrawal proofs, and account verification process by following all the terms and condition.

If you don’t know about IQ Option, quickly read this Review on IQ Option for better understanding.

IQ Option Deposit Process

To start a trade with the real money, traders need to deposit a minimum amount in IQ Option. The initial deposit amount is 10 USD/GBP/EUR.

You can deposit the amount with the help of various depositing methods. However, Iq option has not yet improved PayPal method.

Moreover, there is no additional fee for depositing money into the IQ Option account. Traders can deposit using a debit or credit card (Visa, Mastercard or Maestro) or an e-wallet like Skrill, Neteller, or Webmoney, Astropay Card, AdvCash. To deposit via debit and credit card, the card must be valid and registered in your name.

It is also necessary that the card will support an international online transaction. Changing currency is not possible after attempting the first deposit.

The interesting part is that you can deposit any currency that will automatically convert into your selected currency. To complete the whole deposit process successfully, you have to follow the below steps.

# Step 1:

To get to the deposit page, press the deposit button in the upper right corner of the main website page or directly from the trading platform.

Then, you can choose the default amount from the given list on their main website or specify any other amount.

# Step 2:

There are several ways to deposit funds. Select one from the list. Click “Go To Payment”. You will be redirected to the new page where you have to enter the card number if you choose the debit or credit card as your payment method.

# Step 3:

Enter card details with the CVV number. It is a security element during an online transaction. To complete the transaction press the “Pay” button.

# Step 4:

On a new page that opens, enter the confirmation code. It is the one time password generated to your mobile phone that confirms the security of the online transaction.

Press the “Confirm” button to complete the process. A confirmation window will appear after successfully credited your account.

When making a deposit, your bank card will be linked to your account by default. You won’t have to enter your data again. The only thing that you need to choose is a card from the list.

On the other hand, you can unlink your card by clicking the “Link Card” button.

IQ Option Withdrawal Process

IQ Option Withdrawal - Binoption

The minimum withdrawal amount is $2 and will depend on the deposit method. Per day, you can withdraw up to $1,000,000. However, the number of withdrawal requests is unlimited.

It will take 1-3 business days to process your request. Sometimes it takes longer than expected because it depends on the payment service provider. Moreover, it will take 1 day for an e-wallet and 7-9 days for a bank transfer.

You will be charged a bit extra to withdraw the amount except for wire transfers. Traders will be changed with a 2% withdrawal fee starting from the 2nd withdrawal per month.

But traders need to verify their account information before withdrawing money from the account.

Regardless of the location, traders can withdraw their money via a wire transfer.

According to their rules, traders will get 1 free withdrawal per calendar month, which does not depend on your payment method.

The below steps need to follow by traders to complete the withdrawal process. 

# Step 1:

To get to the withdraw page, select “For Traders” from Iq Option homepage on the top panel. But if you are in the trade room then click on your profile. From the list, select the “Withdraw Funds” option to open a new page. 

You will be redirected to the withdrawal page. 

# Step 2:

Specify the amount you want to withdraw. For a withdrawal to a bank card, the transaction is carried out as a refund transaction. After that, you can withdraw your profit by using any available methods.

As per their website: 

You will be able to withdraw the sum of the deposit amount in the last 90 days to your card. Everything that exceeds that amount (profit) should be withdrawn to an e-wallet (Skrill, Neteller, Webmoney).

Your withdrawal request will be displayed on the withdrawal page.

# Step 3:

After the request comes to the process, you will receive “In Process” status. The fund will be removed from your balance and you will receive “Complete” status.

After that funds will be sent to your bank card or e-wallet after request received to the “Fund Sent” status. You will get a “HOLD” status if your documents are still needed to approve.

If your request receives the “Cancel” status, that means it is not being processed. Moreover, you can see the status of your withdrawal request, at any time in your Transactions History.

Start trading

IQ Option Withdrawal Problems

Traders need to follow some steps to complete the process which we already mentioned above in this article.

The process is very simple and easy. On top of that, we have found a few traders who mentioned their problems in different forums.

Apart from the minority, a vast number of traders trade on IQ Option platform without any complaint. They are also satisfied with the service.

To avoid problems regarding withdrawal, there are several steps that you need to follow.

To know the common FAQ, read our article on why traders can’t withdraw profits from the IQ option. 

Problem-1

You have to enter valid name and data while opening an account with IQ Option. Also, you have to verify your account.

To verify the account, traders need to contact the customer support team and send your identification documents.

Problem-2

Do not rush after sending the withdrawal request. Usually, it takes 3 business days to complete the process. 

Moreover, VIP traders need to inform the personal account manager about their request.

Problem-3

Many payment systems like QIWI and WebMoney, are not allowed to transfer funds of more than $350. To withdraw a larger amount, you have to create several withdrawal requests.

Problem-4

Withdraw to a card is only possible if the money has been deposited from the card.

You can withdraw the same amount that you have been deposited.

Problem-5

The user account has been blocked due to violation of payment policy of the company.

The user can have only one real account on the platform however, he can have numerous demo account.

Problem-6

In the withdrawal request, the balance needs to be the same in the next day on the balance sheet at the time of processing the request.

If you comply with all the conditions of the payment policy of the company, you will have no problems withdrawing your money.

How To Deposit And Withdrawal With A Local Bank: South African Republic

Local bank transfer for South Africa is now available in IQ Option platform. You can deposit and withdraw your money through your preferred local bank.

IQ Option Deposit South Africa:

IQ Option Deposit South Africa - Binoption

You need to follow some steps to deposit your real account using local bank transfers.

How To Deposit Funds:

Go to the IQ Option website and click “Deposit” button. Select your deposit amount with a preferred local bank.

Then, you will find the full list from the website. Select the currency type.

After redirecting to the payment gateway, you have to input the necessary information to log in. An OTP code will send to your mobile phone. 

Verify your login with OTP code received on your mobile phone.

IQ Option Withdraw South Africa:

IQ Option Withdrawal South Africa - Binoption

At first, you have to choose your preferred local bank to withdraw funds. The minimum withdrawal amount is $2.

How To Withdraw Funds:

Choose your local bank from the list and input the amount. Input your banking account credentials. Finally, click the “Withdraw Funds” button.  You will successfully send your withdrawal amount.

How To Make A Deposit With Your Local Bank In Thailand, Indonesia, Malaysia, Vietnam

IQ Option Deposit Thailand Indonesia Malaysia Vietnam - Binoption

Except for all other methods, traders from Thailand, Indonesia, Malaysia, Vietnam can refill their accounts through local bank transfer.

It will let you deposit your local currency and use the preferred bank of yours.

You will find a full list of banks available for payment. For your better understanding, we are giving here a list of those banks.

Thailand – Bangkok Bank, Kasikorn Bank, Krung Thai Bank, Siam Commercial Bank, Bank of Ayudhya, Government Savings Bank, TMB Bank.

Vietnam – Vietcombank, Asia Commercial Bank, Bank for Investment and Development, Techcombank, Vietin Bank, Sacombank, Donga Bank, Eximbank.

Malaysia – Maybank, Hong Leong Bank, RHB Bank, Public Bank, CIMB Bank, AmBank

IQ Option Deposit Thailand, Indonesia, Malaysia, Vietnam:

You need to follow some steps for making a deposit using bank transfer.

How To Deposit Funds:

Select your deposit amount with the preferred local bank after clicking on the “Deposit” button. After selecting the currency type, click on the “Go payment” option.

You will redirect to the payment gateway of a chosen bank. Input your necessary information to log in and click “Continue”.

Verify your login with OTP code. After successful account verification, your deposit will successfully process. 

How To Deposit And Withdraw With Jeton Wallet In India

IQ Option has gained popularity in India within a very short time. Trading Binary Options is legal there. Even more, trading with IQ Option is completely legal in India. 

Traders from India now have an opportunity to deposit and withdraw the amount with the help of Jeton Wallet. However, it is quite complicated for traders.

For better understanding, we will mention the registration process step by step.

How To Open An Account With Jeton Wallet:

Open the Jeton Wallet site and fill the registration form with your correct information. Click the Deposit button.

Select the payment method from the available list. We are choosing the ‘Manual Bank Transfer’ as an example.

Enter the Deposit amount and select the currency. Select the Deposit Action. Be very careful during this process. Wait for the confirmation from the Bank Account. You can select a Bank after confirming the order with Jeton and complete the operation.

Now you are ready to deposit via Local Bank by using Jeton Wallet. If you already have an account then just login to the account by giving User ID or E-mail or phone number, and password.

IQ Option Deposit With Jeton Wallet:

Follow some steps to deposit your real account using Jeton Wallet.

  • Go to the IQ Option website and click “Deposit” button.
  • Select the payment method “Jeton Wallet”.
  • Select the amount from the available list or enter manually.
  • Click on “Go to payment”.
  • Enter your Jeton ID — this is a unique number of your personal account within Jeton Wallet.
  • Click “Pay” to complete the process.

IQ Option Withdrawal Proof

It is easy to earn money using IQ Option platform. Moreover, the platform is user-friendly. So, novice traders can perform trade with small trading knowledge.

In this section, you will find withdrawal proofs which will help you to understand that trading can be profitable with this broker platform. For your better understanding, we mentioned here a few trader’s withdrawal proofs along with our traders.

In the below picture, you will see a transaction history mentioning the date, operation type, payment method, and amount. For security purpose, we fade the name and others information of a trader.

IQ Option Withdrawal Proof - Binoption

Conclusion

IQ Option is a famous and great trading broker with multiple trading assets. They are also famous for their trading strategy, indicators, and tools. Moreover, the education section is very helpful for both the novice and professional trader.

The team of IQ Option always focus on their customer preferences. 

Besides the whole trading systems are transparent, and they pay traders without any hassle. The process of deposit and withdrawal is easy, fast, and safe. They offer different methods with proper terms and conditions.

So, you can start your first trading with this regulated old and great broker

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How To Trade Binary Options Successfully And Profitably

How To Trade Binary Options - Feature

Learn How To Trade Binary Options Successfully And Profitably

Don’t know about others, but when I was a new runner, asked different traders how to trade binary options without losing money. Even today, beginners, including our readers, frequently asked questions.

It’s scary and curious at the same time.

So, we aim to give you a proper solution through this article.

Binary options is widespread because of its simple trading nature. On the other hand, you will get a fixed return percentage.

It is surprising how people are willing to trade options day by day. However, profitability boils down due to a lack of trading knowledge or experience or choosing the wrong broker. But whatever the reason, you must have a clear plan before trading. As a result, you don’t face ill consequences in your trading.

Before enlightening you with the step-by-step guideline on how to trade binary options profitably, we will first explain what binary options are.

What Are Binary Options?

In this phase, we will illustrate the introductory words on binary options. If you would like to learn more about binary options trading, read our what is binary options trading article that explains everything in detail. 

Binary Option is an investment type where you have two outcomes, all or nothing. Additionally, it has a fixed expiration date.

You have to accurately predict the outcome with an expiry time to make a profit. Either you will win a trade or lose all the money you have invested for a particular trade. Moreover, you can perform binary trade in two ways.

  • Manual Trading
  • Automated Trading

In manual trading, you do all the hard work and place the trades yourself using trading strategies. But in auto-trading, automated trading software does the trading for you, using a built-in trading strategy.

Which method you use for trading depends entirely on your preference. If you are a new trader, you might take help from a trading robot in exchange for a price. Or you can learn the basics of trading and do it yourself.

Binary Trading Example

You already know through our citation that binary options give you a fixed payout and loss amount. To power up your trading journey, you must follow some rules. 

Before jumping to those specific points, we will try to connect your existing knowledge with a small example. 

James Chen from Investopedia explains binary options trade with the help of an example. 

Assume stock XYZ is currently trading at $64.75. A binary option has a strike price of $65 and expires tomorrow at noon. The trader can buy the option for $40. If the price of XYZ finishes above $65, the option expires in the money and is worth $100. The trader makes $60 ($100 – $40).

If the option expires and the price of the stock is below $65, the trader loses the $40 they put into the option. The potential profit and loss, combined, always equals $100.

How To Win Every Trade In Binary Options - 5 Steps

Trading doesn’t need any spell to remove the curse. It requires the best strategy based on the market. 

Winning a trade won’t make your strategy stand out. Cause it’s possible to lose more than you expected the next day. 

Losing trade is quite common. Don’t be disappointed. If you follow the below noteworthy steps, you could win every trade in binary options.

Here are the five significant steps: 

  • Choose a regulated broker
  • Analyze the market and asset
  • Practice on a demo account 
  • Make an initial deposit
  • Start Live trading

As each step is mighty, o our recommendation is to read each step without skipping. 

# Choose A Broker

Choosing a broker without evaluating some factors can bring disaster. On the other hand, the retail investment market is large and have a lot of scopes. According to a report of SEC,

approximately 7,600 investment advisers registered with the SEC that serve retail investors, with over $12 trillion in retail client assets under management, and approximately 34 million clients.

Isn’t it crazy!  

The actual craziest thing is that one has to choose one or more than one broker from thousands.  Here, we will mention some factors that you should keep on mind before selecting any broker. 

  • Regulation
  • Demo account
  • Minimum initial deposit
  • Ease of use
  • Variety of assets
  • High Payout percentage
  • Fast withdrawals
  • Multiple modes of payment

In addition to that, you refer to our list of binary options broker. It’s not necessary that you have to stick to one broker. No broker is perfect, and one broker may not suit all your needs. Don’t hesitate to trade with multiple brokers.

Taking all the above factors into consideration, we have prepared our list of recommended brokers that you can trade with.

These brokers meet all the requirements such as regulation, offering a demo account, huge asset index, high payouts, fast withdrawals, easy-to-use trading platform, and much more. Here is the list of brokers  Binary.com, IQ Option, and BinaryCent that we think will offer you the best binary options trading experience. 

Deriv

$ 5 Minimum Deposit
  • Regulated: Yes
  • Maximum Payout: 100%
  • Demo Account: Yes
Open Account
Most Popular

Expert Option

$ 10 Minimum Deposit
  • Registered: Yes
  • Maximum Payout: 95%
  • Demo Account: Yes
Open Account

BinaryCent

$ 250 Minimum Deposit
  • Regulated: Yes
  • Maximum Payout: 95%
  • Demo Account: Yes (Paid)
Open Account

# Analyze The Market & Asset

The trading market is unpredictable and changes every sec. Three main types of analysis bring an optimal trading result. 

  • Fundamental Analysis
  • Technical Analysis
  • Sentimental Analysis

Here, an economic calendar works as a ground from where traders use data to forecast the market movement. As there is “no” best method of analysis, so you have to pick the most viable option depending on time-frame and asset information.

# Practice On A Demo Account

How To Trade Binary Options Demo Account - Binoption

Registering an account is free of charge with most brokers. All it takes is your vital information, such as an email address your first and last name. Once you have created an account, you need to practice trading through a demo account.

Train yourself with the help of a demo account until you create an unbeaten situation. Educate yourself on the basic concepts of binary trading. Understand what strike price, expiry time, call, put option, etc. Familiarize yourself with the different ways you can trade binary options.

Just because the funds and the outcome in demo accounts don’t hold any real meaning, it doesn’t mean you should trade recklessly.

Trade on the demo account exactly how you would live trade. This practice will develop your trading skills and build valuable experience.

There is no fixed duration on how long you have to practice on a demo account. Take as long as you need. Finally, you can step up to real trading when you feel confident enough.

# Make An Initial Deposit

The initial deposit amount varies from broker to broker. You need to deposit in the trading account to carry out live trading. On the other hand, there is a big difference between an investment and a deposit.

An investment is a price that you pay to get the future value. Meanwhile, the deposit is a certain amount of money that one needs to open an account. 

It is wise to start with a small deposit of $10 to $20. 

# Start Live Trading

How To Trade Binary Options Deposit Live Trading - Binoption

 You can start trading on a real account once you are familiar with the ins and out of binary trading. Select your preferred asset and choose your investment amount. Depending on your prediction, buy a call or put option.

Place your trade, and wait until your trade expires. 

How To Trade Binary Options For Dummies

A binary option is a contract between two parties. And the outcome depends on your prediction. Either you will go for yes or no.

If your prediction is correct, you will get your invested amount with a pre-determined return. The return percentage depends on the broker. However, the ratio is approximately 70%-100%.

For dummies, it is wise to pick any comfortable assets. You will find hundreds, but focusing on one or two is a good option. Do not pull the gear too fast. Analyze and select a broker that fills your needs.

Remember,

– Trading is a riskier game
– Demo account is a savior
– Overtrading could suck your blood
– Start slow with a small amount
– Develop a strategy
– Maintain a solid trading journal
– Analyze the market

Learn How To Trade Binary Options Successfully And Profitably

We already discussed a few steps above. Those steps are the principle that one trader should follow whether he is professional or not. After that, you need to turn your binary options trading into a successful profit machine.

Don’t miss out the chance by skipping points that we covered below.

Follow these tips to ensure you don’t lose money while trading binary options.

  • Choice of assets
  • Start trading with small
  • Eliminate emotions from trading
  • Choose the right expiry time
  • Follow the market news
  • Risk management
  • Knowledge is power

~ Choice Of Assets

As you can trade with a large number of assets, choose those assets that you are most familiar with. Do not take unnecessary risks by investing in markets you cannot predict.

There are multiple trading classes. You can choose one or diversify based on your depth of trading knowledge.

Successful binary trading depends on how well you can predict the market. Follow the market news before executing trades.

Diversification of your portfolio is one way of reducing your overall trading risk.
But it doesn’t mean you should diversify to assets that may not be profitable to you.

~ Stat Trading With Small

You may have heard about the risk management where you have stuck on either the 1% or 2% rule. It is a general rule of thumb for traders. 

90% of traders failed in trading because they lacked knowledge of money management. Investing a considerable amount of money will not help you to increase profits.

So, at first, start with a small amount like $10. After gaining valuable experience, you can start increasing your trade size. No matter how much you practice on a demo account, trading on a live account is a different scenario. As there is real emotion involved, which brings us to our next point.

~ Eliminate Emotions From Trading

Professional traders are not super-human. They also fight to control their trading emotions. Eventually, all traders must go through a cycle of market emotions. 

Controlling emotions is not a skyrocket. However, you will find a difference in the gratitude of a winning trader and a losing trader. No wonder a low expectation level can save you from a massive failure. 

Stop dreaming about getting rich quickly and follow the 7 secrets that will help you to improve your trading emotions or psychology. 

~ Choose The Right Expiry Time

It may seem like a matter of preference or a trivial issue, but even expiry time is a crucial factor in binary options trading.

For example, a trend was supposed to reverse within an hour. But if you placed a trade with 2-hours expiry, the trend would have reversed by then. And, you had lost the trade.

~ Follow The Market News

Whatever underlying asset you may trade, you need to be informed on the latest global events, and news associated with that asset. Many traders build strategy depending on the market news. So don’t skip on that, and act accordingly.

For example, if there is negative news regarding the gold and a price drop is imminent, log in to your binary options trading platform, and open a put position on gold.

Reacting appropriately to market news can bring in more trading success than you think.

~ Risk Management (Hedging)

Unless you are a pure gambler looking for absolute results, you should make use of hedging. Hedging is a money management strategy used to protect your profits. In this way, if you are wrong on your prediction, you lose money from your call option, but you regain that back from the put option.

Protecting your investment by buying a binary option contract opposite to your initial contract is hedging. Hedging may reduce your overall profit potential, but it also protects your capital.

If you quite confident about your prediction but still want to hedge, invest the lesser amount in the hedge position compared to your main position.

~ Knowledge Is Power

Trading education is one of the big factors that play a vital role in success. You need to constantly educate yourself with trading knowledge. Even though binary options look easy and simple, there is a lot that goes into constantly turning your trades into a profitable one.

Moreover, you are less likely to commit mistakes and perform better trading analysis when you are equipped with trading knowledge.

Learn How To Trade Binary Options Professionally

Expertise isn’t easy. They had many flaws. An expert trader took half their time to analyze the market and build a killer strategy to pull the highest from the trading market. There are no sticky rules. 

If you want to ensure your trading success, you need to know your exact goal. You can check these 7 tricks that help you to find out how to trade binary options professionally. 

The four strongest emotions in trading psychology are always at the core of successful trading. 

  • FOMO 
  • Fear 
  • Greed 
  • Hope

 In order to earn a consistent return on your investment, you must continue to trade for a more extended period. Take time and understand the market. 

How To Trade Forex/Currency Binary Options

There is a difference between core forex trading and binary options trading on forex. However, options trading on forex is one of the simplest methods to make money. You just need to follow a few steps to close the position.

Let’s say you choose EUR/USD. In just 60 seconds, you predicted that the EUR price would rise against the most volatile asset, the USD. Set the trade amount to $100 and wait for the result.

If your prediction is accurate, you will get a fixed return on your investment with the investment amount. But if it turns out wrong, you will lose everything you invested.

How To Trade Bitcoin On Binary Options

You heard about cryptocurrency, right? One man, one brain, and a profitable coin. 

Digital currency or crypto is a fascinating market in the trading world. There is no doubt that bitcoin is one of the most popular assets available to binary traders. 

Binary options traders can trade bitcoins in two ways:

  • As the medium of exchange
  • As an underlying asset

That means you can trade binary options in Bitcoin. 

Experienced crypto traders can make money with bitcoin binary options. However, you might have difficulty making money without an effective trading strategy.

Bitcoin binary options trading method is similar to regular options trading. You need to predict the price correctly to get the predetermined payout with the initial investment. One wrong move could drain your money. 

So, 

  • Be patient 
  • Use the strong strategy
  • Use money-management rule
  • Maintain the risk-reward ratio
  • Avoid overtrading

Now you can at least hope for winning trades. 

How To Trade Binary Stock Options

Binary options bless you with multiple advantages. You can trade your favourite trading instruments without owning the underlying asset. And it is one of the tremendous benefits of options trading.

Having solid stock market knowledge will definitely be beneficial to you. Though the trading form is simple and elegant, having a clear understanding will boost your earnings.

Let’s learn how to trade binary options on the stock indices market:

– Know the market trends. It is necessary because a correct market trend will help you to create an accurate trading strategy

– Pick the underlying asset you want to trade. Remember, the list will show you the payout percentage in advance

– Select the strike price

– Select the expiration time

– Place your trade

– Wait for the expiration period and get the result

How To Trade Gold Binary Options

Gold binary options are a type of option where the payoff is either a fixed amount of gold or nothing at all.

It’s a volatile commodity, so its price can fluctuate a lot. Understanding the risks involved in gold binary options is also important. This means that there’s a chance you could lose money if you don’t know what you’re doing.

There are two main types of options when it comes to trading gold. They are called call options and put options. Generally speaking, call options to give you the right to buy an asset at a specific price. In contrast, put options give you the right to sell an asset at a particular price.

Accordingly, if you believe gold will rise in value in the future, you will purchase a call option; if you believe it will fall in value in the future, you will buy a put option.

When trading gold binary options, it is essential to comprehensively understand gold prices and how they are affected by various factors. Like

– Economic factors such as inflation, interest rates, and geopolitical events
– Technical analysis
– Chart patterns and trends can be used to identify potential opportunities.

How To Trade 60 Second Binary Options Successfully

60-second binary options is a strategy that is widely popular among traders. It is the shortest trading period, but it is the most profitable. However, it is also a high-risk form of trading. So, traders need to take extra precautions.

Sadly, there is no “best way” to trade this form. If you want to succeed in this incredibly challenging format, you will need a solid strategy, steely nerves, and a healthy appetite for taking risks.

Additionally, we have explained using simple terms what 60-second binary options trading is. Also, the article will help you to clarify your mess on

  • Who should use this form
  • Who should avoid 60-second binary options
  • Benefits

Apart from these, it would help if you were more patient in handling your trading emotions.

Trade Binary Options Using The Economic Calendar

Traders rely heavily on economic calendars as one of their most powerful tools. With the help of an economic calendar, traders can figure out past market history, including upcoming events and news.

For those who are trend traders, it is just working as oxygen. The economic calendar includes,

– Time of news release
– Upcoming events
– Fundamental indicators

However, this type of trading strategy is usually suitable for mid and long-term binary options traders. Beginners can also trade, but with care.

If you want to know how to trade binary options using the economic calendar, here are the steps:

– Select an asset
– Check the economic calendar
– Check if there is any upcoming news available or not
– Click the links to read a summary of the news
– Plan the strategy and execute it accordingly

Binary Options On MT5

Meta Trader 5, or MT5, is a third-party trading platform. It is the most comprehensive global trading tool with an extensive platform with thousands of trading indicators and tools. 

Here’s how to trade binary options using this MT5 platform. 

  1. Go to the market watch section
  2. Select the asset and place an order
  3. Decide the type of order that you want to execute – instant, pending, or market order

To know more about this platform, read this MetaTrader 5 Tutorial article. The article will give you an ultimate guideline for using this platform. 

How To Trade Binary Options For Beginners (Automated Trading)

How To Trade Binary Options Automated Trading - Binoption

You can either manually trade binary options or can use binary options software, which will do the trading for you.

When you trade manually, you choose the asset, the expiry time, and most importantly, the decision to call or put. Everything depends on you alone. Moreover, you have to set a strategy using indicators and trend lines to decide.

In the case of automated binary options trading, a binary robot does all the work for you. It is a programmed software that makes decisions based on specific algorithms.

On the other hand, most binary options robots allow you to customize settings such as investment per trade, risk level, indicators, and choice of assets.

However, if you want to altogether leave your fate at the hands of the trading robot, you may do so. Or you can put manual effort also by building strategy. 

We would recommend a mix of both auto and manual trading for the best results. We have compiled and reviewed the best binary option trading robots for you.

Moreover, the following trading robots, BinBot Pro, Binary.com Auto trading Bot, and DBot, are our recommended trading bots to give you the highest profit percentage. 

BinBot Pro

$ 250 Minimum Deposit
  • Returns up to 90%
  • Demo Account: Yes
  • Robot Profitability:300%
Open Account

DBot

$ 5 Minimum Deposit
  • Returns up to 80%
  • Demo Account: Yes
  • Regulated and Trusted
Open Account
Most Popular

Binary Bot

$ 5 Minimum Deposit
  • Returns up to 80%
  • Demo Account: Yes
  • Regulated and Trusted
Open Account

Conclusion

Binary options have earned a bad press due to the actions of many scam brokers. However, there is no doubt about the legitimacy of binary options. It is a proven method of trading that brings profits in a short period.

It takes a lot of factors to be successful at binary trading. The purpose of this article was to educate new traders, on how they can maximize their profits in binary options trading.

To succeed in binary options trading, you need to learn how to trade binary options. There is no alternative or shortcut. Put time and effort in educating, and then practice what you have learned.

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What Are Binary Options Trading? – Binary Options Explained

What Is Binary Options Trading-Binoption

What Are Binary Options Trading? - Binary Options Explained With Example

Binary Options trading are known for their simplicity and all-or-nothing nature. Moreover, a few reasons are behind to give this trading type name binary option. Options are derivative instruments. It can be traded as forex pairs, cryptos, stocks, indices, commodities, etc.

Furthermore, for traders, it is a lucrative trading type because of it’s quick and high return percentage. But, according to the research, binary traders should pay close attention to the rules of trading before diving with real money.

So, consider this article as a guideline for beginners and hence, we will keep it as simple as possible. Let us start with the binary definition first.

What Is Binary Options Trading?

Abe Cofnas is a thought leader and analyst in the financial industry. We took a line from his book to explain the actual meaning of binary.

“The binary option is called binary because it fits the condition of being either right or wrong-all or nothing.” 

On the other hand, the exotic option allows a trader to speculate on the price movements of various instruments. To trade binary option, you don’t need to purchase an underlying asset.

You rather predict whether the price will increase above, or decrease below the strike price or purchase rate. The strike price is the price, at which traders trade underlying assets. Market price must increase or decrease, by the time the trade expires.

The expiry period for binary options is very diverse. The time frame starts from 30 seconds and lasts up to a year. After prediction the price, you will select the call or put option, depending on the asset price movement.

 If you guess accurately, you win a payout. But the wrong prediction will give you nothing. It is required to mention that the payout rate differs from asset to asset and broker to broker.

Speaking of assets, there are multiple trading instruments that you can trade as binary options. Before selecting any pair, find some strategies and rules on how to trade binary options. 

We will explain all the terms and facts of the binary option below that will give you more knowledge to understand.

Binary Options Explanation (Video)

Binary Online Trading With Example

We will explain the most commonly used high low/ call put method of binary trading using an example.

Consider the following situation:

You are particularly interested in trading the EUR/USD pair. The broker offers a payout percentage for this asset is at 90%. The first thing that you need to determine the expiration time.

Say, you have chosen 10 minutes as the expiration period. Next, you need to predict if the market price of EUR/USD will close above or below the current purchase price. If you think the price will close above, you buy a call option. And if you think the market price will close below, you buy a put option.

It doesn’t matter how much the price has to be above or below. All you need to do to win a payout is guess accurately.

The term guess is used vaguely here. It involved technical and fundamental analysis using trading tools, indicators, and follow the market news for that underlying asset. After your market analysis, you decide to buy a call option because you think the price will rise from the strike/purchase the price, which is currently at $1.14.

You decide to invest $10 in this trade. As the payout is 90% you either earn a 90% return or get nothing in return.

Let’s examine the two scenarios.

If your prediction is correct (EUR/USD price rises above $1.14 after expiry) you get $10 + (90% of $10) which is equal to $19.

If your prediction is wrong (EUR/USD price drops below $1.14 after expiry) you get nothing in return i.e. $0.

Common Terms in Binary Options Trading

Common Terms in Binary Options Trading - Binoption

We have used a few terminologies above. Before you can trade binary options,  you should know.

We have listed them here: 

  • Binary 
  • Call Option
  • Put Option
  • Strike Price
  • Expiry Date
  • In The Money
  • Out The Money
  • Rate Of Profit
 

Binary – The term ‘binary’ is used because there are two possible outcomes. 

Call Option – A trader chooses a call option when he predicts the price of the underlying asset will increase before the expiration period.

Put Option – When a trader predicts the asset price will decrease before the expiration period, he chooses a put option.

Strike Price – The strike price at which the put or call option can be exercised. It is also referred to as purchase price since it is the price at which you purchase the option. 

Expiry Date – The time when the binary options asset expires.

In the Money – When you accurately make a prediction and win a payout, then you are ‘in the money’.

Out the Money – If you lose a binary options trade, it is referred to as “out the Money”. 

At the Money – At the end of the expiry period, if the strike price matches that of the market price, is referred to as “At the Money”. In this case, you don’t win or lose anything, and your initial investment is returned to you.

Rate Of Profit – This term represents the percentage of money that you will get after winning trade. 

Types Of Binary Option

There are many types of binary options available in the market. In this article, we will discuss 4 types of binary option, that are commonly used by traders, and widely offered by brokers.

You will also find other types depending on the brokers offering. 

High/Low:

High/Low is the most common type of binary option. By accurately predicting if the market price will be less or more than the strike price at the end of the expiry period will reward you a payout.

The trader buys a call option if he thinks the price of the asset will increase from the current market value. If he thinks the price of the underlying asset will drop compared to the current market price, then he will open a put option.

In / Out or Boundary:

In this form of binary trading, traders have to predict whether the price of the asset they have chosen will stay within a given price boundary or stay out of it.

The upper and lower limits of boundary or range are determined by the broker. Furthermore, the trader selects the preferred time duration and asset.

Like high/low if the trader accurately predicts the outcome, he will get a payout. If he loses, he gains nothing and also loses his initial payment.

Touch / No Touch:

For high/low and in/out binary options, the payout is fixed. However, it is not the case for touch/no-touch options.

In no-touch binary options, the trader selects a strike price that is above or below the current market price. 

After selecting the expiration time, he places the trade. To secure a payoff, the market price of the underlying asset should not coincide with or exceed the strike price, before expiry. Here, variable payouts come into play.

The closer the market price is to the strike price, the higher is the payout. Another area where no-touch options differ from high/low is the payout percentage. Payouts for high/low rarely exceed 95%.

But in the case of no-touch, traders can enjoy a payout of 200% or higher. In some cases, it exceeds even 500%.

Touch binary options are also known as one-touch binary options. It is the exact opposite of no-touch binary options trading. In one-touch binary options, the market price of the underlying asset much reaches the strike price at least once before the expiry.

The payout depends on the distance between the strike price, market price, and the expiry period. The further market price is away from the strike price, higher the payout. Longer the expiration period, lower the payout percentage.

Ladder:

There is an upper limit and a lower, in boundary binary options. Also, there are multiple price limits on ladder options. 

The exact number of limits depends on the broker and the underlying asset that you are trading. Each limit has a different payout percentage. For each price limit, there is an ‘above’, or ‘below’ trade option.

Additionally, these are commonly referred to as ‘call’ and ‘put’ by most brokers. Like one-touch options, the payout for ladder options exceeds 100%. Each ladder is a different price point, which requires price movement from the current market price. 

Greater the price movement, the higher the payout percentage.

Underlying Binary Options Assets

With Binary Options, you get the flexibility to trade on a variety of trading instrument. Among the many that are available, the most popular ones are stocks, forex, commodities, indices, and cryptocurrencies.

Stocks:

A stock represents a share in a company. When you purchase shares of a company, you gain ownership position. However, in the case of trading binary options, you are speculating on the price movement of the asset rather than owning it. You don’t own any portion of that company. Examples of popular stocks include Google Inc, Apple Inc, Barclays PLC, etc.

Forex:

Binary options in forex mean one will trade options on currency pairs. Binary forex trading a popular choice for binary options traders because of their profitability and volatility.

A forex pair consists of 2 currencies: a base currency and a quoted currency. Popular forex pairs include EUR/USD, AUD/USD, USD/JPY, etc.

Commodities:

Commodities are real-world physical goods that mined, produced or manufactured by people. The prices of commodities changes daily due to geopolitical and environmental factors. Traders predict the price movements, whether it will go up or down. Popular commodities are gold, silver, crude oil, wheat, etc.

Indices:

Indices are a portfolio of stocks that are all a part of a particular market sector. It allows for more diversification of risk as you are trading on multiple stocks instead of a single one. Other examples of indices include the S&P 500, FTSE-100, DAX-30, NASDAQ, etc.

Cryptocurrency:

Cryptocurrency is a decentralized digital currency that ensures the safety of transactions, using cryptography. 

The crypto market is generally volatile. Great profits can be made if you trade in the right way. Popular cryptos include Bitcoin, Ripple, Ethereum, Stellar, Tether, etc.

How To Trade Binary Option

It’s a small reminder that trading binary options could be easier for one if you follow these basic guidelines. We have compiled all these things in one place so that one can review in two minutes before starting the day.

1. Choose A Regulated Broker

The first step is to choose a binary options broker. There are many fraudulent brokers out there that you must be aware of. 

On the other hand, there are some factors that one need to consider before start with a broker. 

After a complete research process, we are recommending you 3 top binary broker’s trading platform Binary.com, IQ Option, and BinaryCent that give high payout with a minimum deposit.

Binary.com

$ 5 Minimum Deposit
  • Regulated: Yes
  • Maximum Payout: 100%
  • Demo Account: Yes
Open Account

IQ Option

$ 10 Minimum Deposit
  • Regulated: Yes
  • Maximum Payout: 93%
  • Demo Account: Yes
Open Account

BinaryCent

$ 250 Minimum Deposit
  • Regulated: Yes
  • Maximum Payout: 95%
  • Demo Account: Yes (Paid)
Open Account

2. Choose The Market & Asset

Choose your preferred market and then an asset from that market. Make sure you trade on those assets that you have prior experience and knowledge.

For example, if you are a crypto trader, stick to cryptocurrencies.

3. A Proper Expiration Time

How to Trade Binary Options Choose Expiration Date - Binoption

An expiration time is an important factor for binary traders. The outcome will depend on a proper expiration time.

Moreover, the expiration times can be as low as 30 seconds. But in a short expiry time, it is a bit harder to predict the price than longer expiration time. 

4. Allocate The Amount

After selecting the expiration period, you have to choose how much money you are willing to invest in the trade. With binary options, you may lose your entire investment due to its all-or-nothing nature.

Hence start low, especially if you are a new trader. Invest low and work your way up using targeting small profits per trade.

5. Place A Trade

Check every detail and confirm the trade. After the trade expires, you will know whether you have made money or lost the trade.

If you win a trade, the payout percentage will directly add with your account balance. 

Most traders are unaware of the basic guideline that we mentioned above. A few small things will help you in the long run by increasing the winning chance. 

Additionally, along with these guidelines, to be a master in binary trading, you can follow these amazing 7 professional trading tricks. These tips will help you to bring a revolutionary change in daily trading life. 

Is Binary Options Legal?

Binary options recognize as a legitimate investment type in many countries. But the rules and regulation of trading binary options in the USA are different than other countries. 

According to our research and statistics, binary brokers are now focusing on trader’s benefits. Moreover, regulatory bodies maintain the regulation process properly. 

So binary options brokers now proudly proclaiming that they are licensed and regulated by famous and non-famous regulatory bodies.

It is necessary to mention that “ all trading is gambling without any strategy”.

Luck is not involved much to win at binary options. If you want to win a trade or to have great success, a lot of effort and research is necessary.

Binary Trading Advantages

Advantages Of Binary Options Trading - Binoption

Binary option offers some unique advantages to earn quick profits. The most popular advantage is that it is a simple trading type with a large reward. 

We have listed some of the major advantages down below:

~ High Payout Percentage

Most popular brokers offer very high payout percentages (upwards of 90%). A high payout percentage makes these brokers very attractive to all kinds of traders.

At the very least, you can earn 75% payouts. Compared to other trading methods, binary options have better returns.

~ Simple Nature Of Trading

Nothing is simpler than binary. You either win money or lose everything. Moreover, Binary trading’s simplicity attracts many beginner traders to try it.

Other forms of trading are far more complex and may intimidate new traders. 

~ Fast Placed Trading

Binary trading is usually meant for short-term trading. As we mentioned before, with binary options, your expiration can be as low as 30 seconds. 

It makes the trading experience fast and exciting. Although, a bit risky, but you can earn some quick cash using this form of trading.

~ Flexibility In Time

As discussed in the previous point, traders can trade binary with a low expiry time. 

But that doesn’t mean you cannot trade long-term with options. Your trades can last as long as a year. With such variety in expiry times, binary options can cater to all kinds of traders.

~ Flexibility In Trading Instruments

With binary options, you are not limited to one or two asset types. There are multiple types of assets offered by binary trading such as forex, stocks, indices, and some more. 

In binary trading, you don’t have to buy anything. A trader will only trade on the movement or change of the value of underlying assets. 

~ Low Initial Deposit

Most binary options brokers offer low initial deposits so that new and small traders can get started. Some of the brokers demand as low as $5 or $10 as initial deposits.

Moreover, you can start trading via a demo account by using virtual trading currencies. 

Disadvantages To Binary

Disadvantages Of Binary Options Trading - Binoption

Binary options are generally considered as a safe investment option for all types of traders. However, any form of investment carries a high risk. Along with the benefits, trading binary options also possess some disadvantages.

We have listed the major disadvantages down below:

1. Consider Trading Binary Options As Gambling

In binary options, you are speculating on the price movement of the underlying asset. In essence, you are predicting future value on an uncertain outcome.

However, it is a highly debatable topic as certain traders argue that using a trading strategy instead of blind predicting in gambling.

Randall Liss from Investopedia considers this as a misconception and has to say the following on this matter:

At least on the surface, binary options are structured just like a $100 bet on a football game: You buy the team you like, or you sell the team you don’t. A binary is just a simple yes/no trade. The yes trade means you agree with the binary statement that the market will reach a certain level before expiration.

For example, no-trade means you disagree. The pricing of the binary is between zero and 100 throughout the lifetime of the option.

Unlike football where the underdog will receive odds, the binary has a multitude of strike prices that have a variety of fixed odds.

2. Losses Are Substantial

If you lose your price prediction, you get nothing in return as well as lose your initial investment. At the same time, if you have placed a big trade worth thousands of dollars, you can lose it all in an instant.

So, if you decide to trade options, make sure you start with a small amount. 

3. Not Permitted In Certain Locations

Binary options are a popular form of trading. However, it banned in certain locations such as Europe. Also, in some countries, you can’t perform trade using offshore trading brokers. 

The European Securities and Markets Authority has placed a ban on selling binary options to retail traders.

4. Riskier Than Other Forms Of Trading

Like CFD or forex trading, you can’t control your losses, in case your position moves steeply against the market. You cannot place stipulations, such as stop losses or take profits to ensure your profit, and cut your losses.

In binary trading, you will lose everything for a wrong prediction. In 2017 ASIC review, it was found that nearly 80% of traders lost money with binary trading.

The probability of accurately guessing the outcome of a binary trade is lower than you think. 

The mid-point of the buy price and the selling price can be used to forecast either the trade will be successful or not. On the other hand, the success rate is often between 10-20%. It boils down how well you perform your trading analysis.

Finally, there is the risk of the counterparty. If your broker fails to deliver your payout, it will be troublesome for you to get your money back.

Conclusion

Finally, we are at the end of this article. There are so many other things that you should need to remember while trading this financial product. However, this article is intended to be a binary options guide.

We cover all the basics information with examples. Hopefully, this article will guide you if you want to make money through binary options. 

Moreover, we hope after reading this article, you now have a basic understanding of how binary options works and its benefits. It is advisable to start with a small investment.

Invest in those markets that you are comfortable with. Take trading losses as a lesson instead of a setback.

Posted on

Social Trading And Copy Trading: Is Social Trading Profitable?

Social Trading And Copy Trading - Feature

Social Trading And Copy Trading: Is Social Trading Profitable?

Social trading and copy trading are the almost similar trading method that traders choose to follow other professionals. It provides beginners and inexperienced traders an opportunity to invest in trading.

Binary options traders can also enjoy this trading facility by using selective trading platforms.

These two are independent forms of trading that mostly help traders to collect trading knowledge from skilled traders, or you can say, professionals. Moreover, you can also copy the winning strategies of professional traders. 

In this article, we will give you an introduction to both social and copy trading. Moreover, we will also present you our justification on whether social trading is profitable or not.

What Is Social Trading:

Social Trading is a trading process or method that allows traders to monitor and follow other traders through a platform. In general, via a platform, traders create a group like informal social media where they share all financial idea, news, strategies etc.

Moreover, the idea is somewhat similar to the social platform that enables users to share their views and opinions.

Before the invention of social trading, people used to communicate with each other through e-mail.  After entering the social trading idea on trader’s mind, they consider it as an exclusive source of passive income.   

A person can easily make an investment decision by following the major group or an individual expert person, who is continuously at the winning position.

What Is Copy Trading:

Copy trading is part of social trading. It is a method that comes before social trading. This trading method is also known as mirror trading. In this method, expert traders connect their account with other traders so that inexperienced traders can copy trades from them.

After finding a reliable copy trading platform, you have to select one or more professional traders. No prior trading experience is needed to copy a trader.

Moreover, you don’t need to analyze the market before copying anyone.

How Social And Copy Trading Works

Both copy and social trading work almost in the same way. In copy trading, you have to select a platform and a trader that you want to copy. Clarify your queries with one to one conversation.

After confirming the trader’s trading history and performance, link your trading account with that selected trader.

Similarly, in social trading, traders open an account in a platform with all valid information. A trading chat room appears where you will find many traders from less experienced to experts.

Through the chatroom, traders will able to communicate with each other via comments.

Reputable Service Provider (Best Platform For Social & Copy Trading)

Though a lot of platforms offer copy trading or social trading service, there are two reputable services available accepted by a wide range of traders. eToro and ZuluTrade are one of the best platforms so far for social trading.

These are legitimate and functional social trading platforms. For your better understanding, we will point our some common features here: 

eToro

$ 200 Minimum Deposit
  • Regulated: Yes
  • Assets: 1000+
  • Mobile Trading: Yes
Open Account

ZuluTrade

$ 300 Minimum Deposit
  • Regulated: Yes
  • Assets: N/A
  • Mobile Trading: Yes
Open Account

Is Social Trading Profitable?

Yes, social trading is a profitable process for both less skilled and skilled traders. Both types of traders can increase earn money by adopting this trading form.

However, it is not profitable for everyone. It can be unsafe for a few traders if they pull any risky trading strategies or signals. Even more, most of the time, traders ended up by blowing their account.

If you can maintain a pro chain of rules, then social trading will bring profits. In reality, it will depend on your trading style and how quickly you learn the process of this trading form.

Moreover, social trading also polishes your communication skills with investors. As there will a community, so you can interact with other investors by sharing information and knowledge. 

Benefits Of Social Trading And Copy Trading

The major aim of this method is to make a community of investors who assume the risk and share strategy of profitable returns. This types of trading systems work as learning tools to new investors. Moreover, an expert trader’s skill and knowledge are distributed among the users in the same platform. 

A trader can flood with many possible benefits that we will mention below:

  • You can rise your trading level 
  • Both social and copy trading platform is a good source of learning
  • Passive income source for top traders
  • Real-time trading opportunity
  • Access to an international financial market
  • Improve your trading strategies

Why People Lose Money?

Apart from these mentioned advantages, there are also some disadvantages. Most investors don’t study well before making a trading decision.

They only rely on ranking based success while choosing any skilled investors. But they are unable to measure success and failure ratio of that investor they are following, as the platform does not provide any information about the trading volume of the successful investor.

Furthermore, according to our research, more than 70% of traders agreed that they lose money with social or copy trading for their greed and lack of management. 

We will specify some points here that one trader needs to avoid.

  • Poor risk management
  • Lack of diversity 
  • Don’t know who to follow
  • Lack of trading efforts
  • Unrealistic expectation
  • No patience 

Final Thoughts

In conclusion, both trading forms allow investors to make investment easily rather than using own judgment. The success of these types of investment solely depends on choosing the right group of investors to follow.

We aimed to guide you on the right path so that you can choose the best option for a future goal. Trading is not an easy peak for traders without having appropriate guidelines. So, trade hard and improve skills.

Posted on

MetaTrader 5 Tutorial: Ultimate Guide On How To Use MetaTrader 5

Meta Trader 5 Tutorial In Binary Options - Binoption

MetaTrader 5 Tutorial: Ultimate Guide On How To Use MetaTrader 5 In Binary Options?

MetaTrader 5 provides an array of opportunities for a pool of actions in the financial markets, such as trading analysis (both fundamental and technical), testing of trading strategies, the development, automated trading, customize technical indicators, and scripts.

The platform is powerful with multiple trading instruments. Moreover, you have the freedom to enjoy the platform from both smartphone and tablets.

The versatility was designed to equip the user with a complete set of tools so that traders can trade in any financial market with ease.

In this article, we will give you an ultimate guideline so that you can achieve outstanding trading performance from this platform. Whether you have novice or advance traders, it is the all in one platform for trading forex to binary options. 

If you want to more about this exotic trading form, you can collect information from our what is binary trading article. 

What is MetaTrader 5

MetaTrader 5 isn’t just only a trading platform. It is a complete and highly preferred platform that allows traders to trade the financial market around the world.

Moreover, it has a highly accessible interface, rich functionality, a straightforward, and intuitive logic of trade. The platform MetaTrader was released in 2010. It is both an updated and upgraded version of MetaTrader 4.

We will discuss the differences between the two platforms, later in this article. If you want to have access to a broader range of trading opportunities, charts, indicators, technical analysis of quotes, etc. then MetaTrader 5 is the best choice for you.

Hundreds of brokers and financial platforms use this high-tech trading platform. Besides, it supports major financial news providers which is an important advantage for traders. So, binary trading is now simpler than other platforms.

Why MetaTrader 5 Is The Market Leader

The platform is widely accepted by many traders only for its benefits and features. It is the best choice for modern traders and also for advanced traders. You can purchase a trading order without jumping into other sites for market analysis because you will find all the fundamental tools under one roof.

Here are some leading features of MT5 that make this platform convenient for traders.

  • Powerful trading platform
  • Can access from any device
  • Trader’s capital and data will be secured
  • User-friendly platform
  • Powerful analytical tools
  • Wide time-frames
  • Expert advisor or auto trading facility
  • A wide range of trading instruments

MetaTrader 5 Tutorial: How To Use MT5 Platform

The MT5 platform is easy to use and supports reliable brokers with multiple trading assets. MetaTrader 5 platform offers a demo account. So, you will get a chance to make a short tour before dealing with real money.

In one platform, you will see all the key elements that are related to the trading world. At the first time, you have to download the software in your device. Open an account with a valid e-mail and password.

From the menu bar, you will find all the information that will help you to create a chart using trading indicators and analysis tools. You can also create a customized trading environment.

Moreover, a trader can open multiple trading dashboards to analyze more than one trading assets.
From the left side on the dashboard, you will see a market watch with all real-time data of selected trading assets.

Furthermore, from the toolbox section, you will see the trading history with open, close, and pending orders.

The overall MetaTrader 5 platform has multi-functional windows with all useful categories such as trading alerts, market news, internal mailbox, expert journals, auto trading, and much more.

To place an order using this platform, you have to follow 3 simple steps. 

  1. Open the market watch section
  2. Select the asset and open a new order
  3. Decide the type of order that you want to execute – instant, pending, or market order

Platform Overview - Best Application For Traders

We have already given a short introduction on the MetaTrader 5 platform. Globally, it is the most powerful application where traders can access from any devices.

Moreover, the platform allows you to open up to 100 trading charts on different trading assets. The MetaTrader 5 offers traders impressive, powerful, and useful tools for high-grade intelligence.

In this phase, we will divide the platform into many different portions with the individual’s description and advantages.

>> MetaTrader 5 - Trading Indicators

A technical indicator is the most important tool when it comes to technical analysis. Technical indicators use to identify various patterns in the price dynamics of currencies, shares, and other forms of financial instruments automatically.

The information makes it easy for traders to make assumptions about future price movements. According to the analysis, you can also adjust your trading strategies.
There are plenty of technical indicators, but the most famous and popular are included in 

MetaTrader 5. It has more than 80 technical indicators available with 21 time-frames.
Any trader can use any of these technical indicators in his trading processes and strategies.

Most technical indicators come with a plethora of settings that enables traders to adjust the various instruments for specific tasks.

Besides, traders can control the appearance of the indicators by both the analytical parameters and settings. For instance, the period of the moving average will change as well as the thickness, colour, and line.

Lastly, you can position the terminal indicator either on the price chart or in the special panes alongside its scale values. It is possible to apply some other indicators too.

>> Fundamental Analysis

To forecast the price dynamics of financial instruments, traders use fundamental analysis. For this analysis, traders mainly use financial market news and events with indicators. 

You will find all international news into this platform with real-time updated data. From the economic calendar, you can pick the most recent news which is closely related to your selected trading assets. 

>> Strategy Tester

Traders can check the quality of the written algorithm by using the built-in MetaTrader 5 strategy tester. The incredible tool allows you to determine the efficiency and choose the best input parameter, before running an advisor in trading.

Also, the MetaTrader 5 strategy tester gives traders multiple testing modes, enabling you to select the optimum ratio of speed/quality test to fulfil the requirements of traders.

One significant advantage of the MetaTrader 5 strategy tester is the illustration of trade advisors test results. You can see how much did the algorithm earn during the testing phase.

It also shows a broad range of statistical information such as the number of successful and unsuccessful transactions, the profit and loss percentage, the risk factors, and much more.

>> Copy Trading And Signals

If you have a limited time to place traders manually, you can use traders signals who are successful in trading. To avail this, you have to subscribe to a signal of a professional trader. The platform will automatically reproduce all his trade on your account later on.

Besides, you will find a wide range of Free and Paid signals for both demo and live trading account. Select the one which will give you the highest profitability.

>> Alerts in MetaTrader 5

When it comes to sending notifications about the important events regarding trading, few tools are as fast and efficient like the alerts in the MetaTrader 5. Using those updated alerts, you can make significant binary options trading strategy.  

You don’t have to keep worrying as your favourable trading time won’t be missed if an alert alarm is set for the event. 

Traders don’t need to sit for hours in front of monitors to watch the sudden movements of stock quotes and currencies. At the right time, the trading platform will alert traders with an email or an audible signal.

Also, by launching different applications and programs, traders can get alerts about trade events. For instance, the Economic Calendar of MetaTrader 5 will send you email notifications to your mobile phone via SMS. In this way, you will have all the latest real-time financial markets updates wherever you want. 

To give you some perspective, if the current price of a stock rises at a specified level or there are movements of currency price quotes, the trading signal will be triggered instantly.

Algorithm Trading With MetaTrader5

You can count the Algorithm Trading as an impressive feature of the MT5 platform. The auto trading software analyzes the market movement on behalf of a trader and places an order according to the signal. 

The robots work on an underlying algorithm so that it can analyze the quote and perform trading operations.  

MetaTrader 5 trading platform incorporates a complete development model and uses MQL5 IDE automated trading programs. It comes with all the components to create, test, optimize, and execute directions to trading robots.

You will also get thousands of market trading application and robots that are available as a free version te test before purchasing. 

MetaTrader 4 Vs. 5: Which Is Better?

The external interface of MetaTrader 5 hasn’t changed that much. Also, the names of the menu and icons are the same as MetaTrader 4, so traders can get the hang of the software quickly and conveniently.

Besides, the appearance of the MetaTrader 5 terminal remains the same as MetaTrader 4. So, the transition to the new and updated trading platform will not create any big problems for traders.

However, there are some significant architectural changes available between the latest MetaTrader 5 and MetaTrader 4.

The timeframes in MetaTrader 5 have been extended: M2, M3, M4, M6, M10, M12, M20, H2, H3, H6, H8, and H12. Another notable and useful new feature is that a mouse can be used for position control.

The Economic Calendar is a convenient addition to the interface also. Now, traders and brokers don’t need to go to various websites looking for time significant events any longer.

We are presenting a table with all differences between MetaTrader 4 vs. 5. 

MetaTrader 5

  • The execution modes: 4
  • Pending order type: 6
  • Technical indicators: 38
  • Analytical objects: 44
  • Timeframes: 21
  • Economic calendar: Yes
  • Supported markets: Multiple

MetaTrader 4

  • The execution modes: 3
  • Pending order type: 4
  • Technical indicators: 30
  • Analytical objects: 31
  • Timeframes: 9
  • Economic calendar: No
  • Supported markets: Forex

Final Thoughts

We put all the important information about MetaTrader 5 in this article so that any type of traders will get a rough idea about this application. It is a full-fledged application with many supporting tools that provide a secure trading environment. 

As we said earlier, both web trading and mobile trading is possible on this platform. So, access from any part of this world is an easy task for traders. 

You can now test the world-leading platform by joining now and enjoy all the benefits. 

Posted on

Binary Options vs Forex – What Is The Difference And Which Is Better?

Binary Options Vs Forex Trading-Binoption

Binary Options vs Forex Trading - What Is The Difference And Which Is Better?

Binary options vs Forex trading, which one is a better gateway into the golden cage? Well, this is one of the most hyped questions we often get from traders, especially beginners.

Since they do not know much, they are hesitant to choose one. In reality, both trading forms are equally effective. However, in terms of characteristics, both are different.

To be an expert trader, you must know both the advantages and drawbacks of options trading and Forex.

One trading type will allow you to earn in a short time. And, another one will take a longer time to make the same profits.

Additionally, they may not serve the exact needs. Besides, the differences are significant, which we will describe in this article.

We will kick things off with a short introduction, and moving down the road; you will get to know which form is just the best fit for you.

Let’s start with a dessert.

What Are Binary Option (Explanation)

Binary Options Trading Introduction - Binoption

The moral of binary trading is to predict how and when the market will change the wind. That means predicting future asset prices is fundamental to binary options trading. 

A trader will get a certain payout percentage if they win the trade. But if the prediction goes wrong, you will get nothing. 

Heartbreaking!

On the other hand, it is an old trading type that has experienced significant growth over the past few years. 

Besides, you can trade options on different trading instruments. We will discuss the trading process later in this article. Except for some risk factors, this trading form is just an excellent piece. 

We encourage you to read the article on what is binary options trading before jumping to the phase of how it works. The information in this article is intended as a guide for upcoming traders.

Also, you will learn how trading tips can help one to succeed. 

Besides, binary trading is popular among low-skilled traders because it is an uncomplicated financial instrument that helps traders earn quickly.

If you pay close attention, you will find that the options market combines a few elements that are worth mentioning. Like,

– Underlying assets/market
– Call/Put options
– Strike price
– Expiration date and time

However, binary options aren’t like traditional options at all. The differences are pretty visible. And the following article will discuss this in more detail.

Traders who are new to trading can introduce themselves by opening a demo trading account.

Learning with earning – just an excellent combination. 

Types Of Binary Options

Depending on the expiration time, traders can trade different types of binary options. Besides that, some brokers also offer different types of binary options.

Each type is different from the others. You will also find diversified profit ratios and some unique features.

Here is the list of popular binary options. 

  • High/Low
  • Touch/No Touch
  • Ladder
  • Short-term
  • In/Out

Key Features Of Binary Option Trading

Advantages Of Binary Options-Binoption

Traders from any age group are familiar with binary trading. The trading form offers numerous advantages along with some unique and profitable points. 

Additionally, it will make your trading life simpler. However, it’s not like you don’t need to gather knowledge to open a position. 

It would help if you had because trading is riskier than you expected. No matter what you pull, it would be best to clear your ground before showing the yes card. 

Here, we will point out a few key features that motivate people to get involved with options trading. 

  • Simple trading process 
  • Possible to start with a low investment
  • High return percentage
  • You can trade without depending on the market condition
  • Fixed risk and reward
  • A wide range of trading instruments is available

How Binary Options Works

The shortcut answer is based on prediction. However, there are calculations and strategies to predict the right market movement. If the direction turns right, you will win the trade.

Take USD/JPY, for example. After 60 seconds, you believe the price of the currency will be higher, so you select “up,” “high,” or “call” (they all mean the same thing). You are paid for your investment after one min if the price increases with a certain payout percentage.

And if it goes wrong, you will lose the entire investment amount.

What Is Forex Trading (Explanation)

The one we will explain now is the most liquid marketplace. Yes, we called it forex. The trading form is popular among traders for its decentralized marketplace.

Regarding turnover, forex is one of the world’s largest and most profitable markets. So, it’s no surprise that bees are always looking for honey.

However, the forex trading market is not the sugarcane field.

You need to practice and create lots of strategies to make a successful trade. Additionally, forex trading carries the maximum risks with a high return. In currency trading, traders exchange one currency for another. Also, there are some commonly traded major forex pairs and minor ones.

Moreover, you will get an opportunity to trade using leverage. Traders around the world can trade at any given time. The forex market is open all day long, including business hours.

Types Of Forex Trading

As we all know, the forex market is the largest financial market in the world. Traders from around the globe join the currency trading market to earn money.

However, you will not find any specific types in forex trading. But based on the experience level, trading time, and strategies, you will find various types of traders.

The list of forex traders is below:

  • Day trader
  • Swing trader
  • Scalper
  • Position trader

Key Features Of Forex Trading

Advantages-Of-Forex-Trading-Binoption

What makes this trading type lucrative to traders? Of course, the features. 

Anyone can get involved with currency trading to earn money. But you need some knowledge to avoid trading risk. As a result of improper trading strategies, more than 90% of traders walk away empty-handed. 

So, it will add an extra benefit to your trading life if you learn the basics of forex trading.

Additionally, when comparing binary options with forex, the key features are entirely different. Here are these,

  • The forex market is flexible for traders. So, you can trade anytime you want
  • The trading market is transparent 
  • It allows you to use leverage trading
  • High liquidity
  • No involvement of Central Exchange
  • Most volatile trading market
  • Weekend trading 

How Forex Trading Works

One of the most appealing things about binary options is that you can trade on a wide range of different assets.

Unfortunately, forex only comes in one form: trading in pairs.

Let’s say you think GBP/JPY will move up. You buy a lot and count down the lucky hours.

Here, you can apply leverage and risk management features to boost your trade and secure your investment.
On the other hand, you can exit the trade whenever you want.

To make a profit, the price must move for you. Note that you can set take profit and stop loss to minimize your trading loss.

Is Forex Better Than Binary Options - Regulation

Forex is a decentralised trading type different from binary options or options trading. The industry is more reputable than binary options. So, in terms of regulation, you will find that out of 10, 9 forex brokers are entirely regulated by multiple regulatory bodies. 
 
That’s the power of forex trading!
 
On the other hand, binary brokers are now changing their practices and movements. Additionally, they have begun to pursue regulation. Here is a list where we have put the names of the leading Binary Options brokers who have earned a trusted reputation among traders over the years. We recommend you check this list.
 
Because of their extra precaution, more and more people are trusting them. However, a few scam brokers are still there. Just waiting for the right time to make you fool. 
 
Sad, but true instead.

Why Binary Options Is Better Than Forex

It is not easy to conclude why one trading form is better than others. However, people usually search for two questions:

  • Is binary options better than forex?
  • Is binary options easier than forex?

In this paragraph, we will explain why binary options are better and more accessible than forex and who should trade options instead of forex.

Based on the number, binary traders’ conversion rates are approximately 34% higher than forex traders due to the lower initial investment. Quickly, small traders can jump!
Mostly, the initial deposit amount starts from $10.

However, people have generally trusted the forex market regarding survival rates, even though people still perceive binary options as scams.

On the other hand, you will get a fixed risk and reward ratio that brokers decide.

But those who prefer to make small moves can entirely rely on options trading since it has a lot of advantages for day traders. Trading is often done as a passive income for day traders. So, for a small investment, binary is one of the most advantageous choices if you know how to make money profitably.

Oh, yes, we forgot the most crucial point. Trading options give you a chance to diversify your portfolio.

For a quick note :

– Binary is an easy trading form
– Best for small investments
– Fixed risk and reward ratio
– Low initial amount
– Diversify trading assets

In the end, there are no safer options. If you understand the market well enough, both trading forms will be effective.

What Is The Major Difference Between Forex and Binary Options?

If you put a blindfold on, both trading types appear profitable for you. However, it ultimately depends on how the person interprets their needs and goal. 

Time is money!

For high-risk traders, forex trading is the most suitable for you. But for the small move, you can trade binary options. However, both trading forms carry risks. 

On the other hand, about simplicity, binary options is way simpler than currency trading. In order to set your trade, you do not need to put any additional parameters while trading options. 

Though, these parameters are best for avoiding loss. 

The main differences between forex and binary options are:

  • Binary options are fictive assets; forex is real.
  •  Binary options are limited by time; forex doesn’t have profit or loss limits.
  • Leverage is available with forex but not with binary options.
  • Binary options expire, but forex trades can last forever.

Now, it’s your call which one to dial. 

Binary Options Vs Forex - Which is Better?

We mentioned at the article’s beginning that the differences between forex trading and binary options are noticeable. But, in terms of profitability, it isn’t easy to illustrate.

However, along with the trading terms, you will get many more differences between these two trading types. We will describe all differences one by one in this article.

1. The Form Of Trading:

Binary Options: 

Traders compare binary trading with gambling because of the time frame and future prediction. Suppose you are going to open a position of $30. If everything goes right, then you will win the trade with an extra $24, excluding your actual investment. 

Here, the return percentage is 80%. On the other side, if the value of the asset goes down, the trader will lose 100% of the money that they invested in. To make the trade profitable, you have to win the maximum trade. There is no opportunity to avoid the loss after opening a trade position. 

However, you can not consider binary trading as a full form of gambling. Because at this moment, most of the brokers have regulation by different Financial Institutions. Traders now can trade with different types of options, offered by different trading platforms. 

Forex Trading:

In forex trading, you don’t have to predict the future asset price to win a trade. Here, traders analyze the market by using different trading tools and strategies. Moreover, the trading time is longer than Binary options. 

In forex, you have to predict a target area instead of asset price prediction. So, you can close your deal anytime you want. 

2. Potential Gain From Trading:

Potential Gain Binary Options Vs Forex Trading-Binoption

Forex Trading:

Forex markets are known to have a higher variability with a greater risk for traders. Sometimes in the currency market, traders must decide both the direction in which the asset will go and predict how high or low that particular asset will go. 

So, traders don’t know for sure the final status of the risk and profit. In forex trading, unless using some tools to control trading, there are no definite limits on how much money a trader can make or lose. 

One such tool is stop-loss, which restricts traders from losing money more than the limits. In other words, if a trader has lost a certain amount of cash, he/she won’t be allowed to trade. Moreover, the trade will automatically shut down.

Similarly, the potential profit might also be determined beforehand. Forex traders have the option to close the trading, once a certain amount of profit has been realized. 

On the other hand, both the profits and losses can be managed by implementing the limit/stop orders. In forex trading, users can set the stop-loss, and take-profit. As a result, traders are still able to make a profit despite if they’re unsuccessful in winning the majority of their trades.

Binary Options:

In Binary Options, traders always know the exact risk before placing any trade order. The minimum return percentage is approximately 60% if your prediction goes right.

Remember, the risk amount will always higher than your potential gain. There is no opportunity to stop your loss after opening a trade position.

However, you can minimize your trading by apply rollover trading strategy. Unfortunately, not every broker will allow you to apply this strategy on their platform. 

3. Trade Duration:

Binary Options: 

Binary trading operates on specific timelines. In binary trading, the trader has no control after placing a trade. 

The expiry time starts from 60 sec. In some cases, we found expiry times that are lower than 60 sec. Before the commencement of trade, users must select when the order expires. 

Some brokers give traders the option to close early. But it is recommended to exit the trade when you receive a percentage of the expected return. However, not all brokers offer this facility. 

Similarly, few brokers will allow traders to delay the expiry time until the next expiry time. Known as “rollover,” this option is only available if traders can increase their investment by a pre-determined percentage.

Forex Trading:

Things are a little different in forex trading. In forex trading, users can perform trades that last to one second to a few weeks or months. They can open and close the trade whenever they like. The actual point is that traders have full control over trading time. 

However, keep in mind that this flexibility has its version of advantages and disadvantages.

4. Asset Diversity:

Binary Options: 

In Binary Options, traders will get a wide range of trading instruments. You can trade binary on stocks, commodities, currencies, etc. Additionally, traders can select trading instruments depending on the payout ratio.  

Forex Trading: 

You are allowed to trade with a very limited number of trading instruments. However, more than 70 currency pairs are available in the forex market. But traders widely place traders with a few major pairs. Unfortunately, you can only trade those pairs which are available in your broker’s platform. 

5. Leverage And Margin:

Forex Trading:

In forex trading, margins are available for traders. Here, brokers fix the maximum margin ratio. Margins facilitate traders to increase the amount of their investment capital. As a result, there is an opportunity to make a sizable profit if the trade is successful. 

Leverage also does a similar thing. It will increase your profit potential. However, the ratio will vary from broker to broker. 

Binary Options:

Binary Options does not offer any margin and leverage to traders.  

6. Access To The Market

Forex Trading:

If you are a forex trader, then you can place trades 24 hours in 5 days a week. Even, the market is available for weekend trading. However, weekend trading is not recommended for all types of traders. Because you will get a limited opportunity from the weekend market. 

Binary Options:

You can only trade binary options when the underlying marketplace is open for you. If you choose to trade binary options on currency pairs, then the market is open 24hours per day, 5 days per week. 

FAQ - Frequently Asked Questions

Traders often seek help in different forums to find out the correct answer. 

Their hope is to get everything; from the ground to the aether. But, hey, nobody is gonna pat your shoulder and give you the blessings. People in the different forums simply share their views based on their own experiences.  
 
Let’s talk about some common questions and answers. 

  • - Which is more profitable and less risky?

    Both trading forms have some advantages and limitations. Neither forex can beat binary options, nor can options trading be superior to forex.

    The risk and reward depend upon the trader. If the trader picks the right slot to trade in an organized manner, he or she will definitely get benefits from both.

  • - Is Forex easier than Options?

    Trading binary options is the simplest form of trading compared to currency trading. So, yes, you can consider it an easy path to making money. However, you should have strong market analysis knowledge. 

  • - Is binary options trading a scam?

    No, binary options trading is not a scam. It is a trading form that is based on two outcomes, yes and no. 

Conclusion

Finally, we are at the bottom of this article. We have mentioned above the most critical differences between forex and options trading. But, the investment decision will depend on your expertise.

In terms of market analysis, binary options are a more straightforward process than Forex trading. However, both the forex and binary options market will give you profits.

You just have to find out the best opportunity depending on your trading goals.

Posted on

Binary Options Tips: 13 Market Leading Tips To Trade In Different Ways

Binary Options Tips - Binoption

13 Market Leading Binary Options Tips To Trade-In Different Ways

Binary options tips that every trader want to follow for having a successful investment in their trading career. If you think that binary options are a simple and effortless trading method, then it is time to rearrange your thinking. 

Trading binary options are not as easy as you think but definitely, it is less complicated than other trading forms. Knowing how to trade options profitably probably give you a new era if you are a beginner trader. 

Besides, before starting, you have to invest time in learning and testing these trading instruments by implementing various strategies as per your choice. But the result will be worth the efforts spent on it.

Even if you have no experience in trading, binary option can still be your choice to make money from investments. Being a beginner, there are certain tips that you should be aware of for making profits.

13 Best Binary Options Tips

It is not like there are no other trading tips available for traders that help you to be a successful trader in the world. But filtering the best might not be an easy task for new traders.

On the other hand, you will also find a variation in expert and novice trader’s tips. Expert traders only follow those tips that would help them to generate constant profits from traders. Similarly, novice traders will only pick those that lead them to be an expert trader.

But our mentioned tips will help you to be a professional trader in future as well as with steady trading incomes.

Tips No 1: Pick The Right Broker

If you are yet to pick a broker to start your binary options trading, then it is almost like you have not decided whether to trade or not. Especially, a regulated broker will give its traders a secure trading environment with all other features. But, the major importance of choosing the right broker is that it will keep you away from all types of scams.

By following some selected steps, you can choose the broker that will give you an expected return from each trade. However, the trading methodology completely depends on the trader’s side. 

Either you can check our binary options platforms list or can follow the below that our team has selected the following brokers Binary.com, IQ Option, and BinaryCent based on few factors. 

Our Recommended Brokers

Binary.com

$ 5 Minimum Deposit
  • Regulated: Yes
  • Maximum Payout: 100%
  • Demo Account: Yes
Open Account

IQ Option

$ 10 Minimum Deposit
  • Regulated: Yes
  • Maximum Payout: 93%
  • Demo Account: Yes
Open Account

BinaryCent

$ 250 Minimum Deposit
  • Regulated: Yes
  • Maximum Payout: 95%
  • Demo Account: Yes (Paid)
Open Account

Tips No 2: Set Limits For Trading

Irrespective of how comfortable and confident you are, set limits for your trading activities. Leaving a day with not more than two trades is recommended for anyone.

If you are extremely professional or know how to hedge your loss, then the number could be different for you. You will not lose all your investment if you set a limit on trades based on logical reasoning or analysis.

Not only that but overtrading can also reduce your trading performance. Besides, you will end up with a huge capital loss by hoping for increasing returns. 

Tips No 3: Control Trading Psychology

Being a novice trader, one of the greatest mistakes is letting your emotions to take control over logical reasoning. This option will give you the chance to make predictions beyond a certain resistant level.

It is a piece of advice on all aspects that don’t let your emotions to take control of decision making. A binary option is based on analysis, understanding global markets, and complex calculations.

Of course, factors such as good feeling, and luck requires to have positive energy for trading. However, trust your strategy and analytical skills before finalizing anything about trading.

Improve trading discipline by controlling the trading psychology will help traders to do fewer mistakes in trading. 

Tips No 4: Learn About Industry

According to Mark Yarnell-

A leader is someone who demonstrates what’s possible.

So, to be a market leader, having a basic concept of the particular trading industry is necessary. On the flip side, it is not possible to explain binary options through simple formulas and definitions. However, we tried to make it a piece of cake with proper binary options trading examples. 

These can only help you to get a glimpse of how everything works. But unless you start testing binary trading with your style, strategy, return percentage, etc. success of trading cannot be determined.

Tips No 5: Set A Trading Plan

According to Mark Yarnell-

A leader is someone who demonstrates what’s possible.

So, to be a market leader, having a basic concept of the particular trading industry is necessary. On the flip side, it is not possible to explain binary options through simple formulas and definitions. However, we tried to make it a piece of cake with proper binary options trading examples. 

These can only help you to get a glimpse of how everything works. But unless you start testing binary trading with your style, strategy, return percentage, etc. success of trading cannot be determined.

Tips No 6: Investment Amount

Binary options are not an investment type where you can invest your money for the future. It is a short-term trading form. So, you will get the return within a few hours or months depending on the expiry time.

If you are a new trader, start with a small and low investment digit. However, the amount will depend on how much you can afford for a single trade. So, we are not mentioning here any suggested amount.

Fortunately, in binary trading, traders can start with as little as $10. Besides, if you can afford to invest $250, then start with that amount. Apply risk management so that it can’t hurt your trading ability to trade again.

Tips No 7: Market Update

The traders should stay informed about market activities, news, and volatility. You should always spend time to understand what is causing the events in the market, and this way you will be able to predict the future to a certain extent.

Sensible traders will select not more than 2 assets that they will think work well with the style of trading. Also, track news that affects selected assets and modify strategies accordingly.

Apart from that, there are signals and indicators to help you understand what is happening in the market.

Especially, MetaTrader 5 features can help you here, if you can’t find time to check the news from different sources. According to your prediction, you can successfully book trades.

Tips No 8: Make Strategy That Works

You must have heard about different strategies that traders make before trading. These strategies are mainly established on both fundamental and technical analysis. 

Not only these analyses but trading indicators also plays an important role to create strategies. We encourage our traders to build those strategies that have a little chance to lose money.

Eventually, they can improve by researching and understanding the market movement. 

Tips No 9: Trading Journal

A trading journal is an effective tool or bookkeeping, where you can keep all your trading records. Through this trading journal, you can see your past performance result, which will work as your future reference.

There are many benefits to keep a proper trading journal. These are: 

  • Define your strength and weakness
  • Can evaluate your emotion
  •  Can spot your trading mistakes and so on

You can also review the strategies that you used in past trades. You can make a journal by using simple excel format or can use online free journal tools.

Tips No 10: Avoid Short Expiration Time

A Short expiration time has a high chance to lead a trader in absolute risk. Generally, brokers allow traders to choose an expiration period depends on the trading style and strategies. 

You can start trading binary options from 60 sec to 30 days. 

Those who want to make a short-term trade, the 60-second strategy is perfect for them. However, it is not recommended to every trader, especially, newbie traders. 

The time-frame is too short, and you can lose money if your strategy is not strong enough. 

Tips No 11: Don't Gamble

Trading is not a fun game that you play to win money. Instead of saying the trading form is gambling, it is better to ask whether you are trying to gamble with binary options or not.

If you have an intention to trade with full of knowledge and strategy, then it is not a gamble for you. But, if you are searching for an easy way to make money by depending on luck, do not blame the trading form. You will blow your account this way. 

Tips No 12: Realistic Expectation

The expectation should be realistic in terms of the investment amount. It is important to have a prudent expectation of your potential return.

Besides, if you want to double your capital, remember that the risk will be double. That means you can’t double up the amount within one night. However, if you have a goal to make it double within a certain period such as 1 month or more, then yes, it is possible for you. But, expect the risk as well.

Tips No 13: Practice Require

The one notable thing is that trading needs a lot of practice. You can lose money any time, no matter how strong your theoretical knowledge is. Straightaway, you have to implement that knowledge in a practical session. 

In this case, you can use a demo account to practice trade and learn how to create strategies. 

Final Words


The principle to keep in mind that is minimizing your risk and losses will help you to simultaneously concentrates on building profits. Learning is an essential process in binary options trading that has no end.

You can keep learning at all stages, even if you are a novice trader or an experienced one. The goal should be to constantly improve the performance with the help of knowledge gained and used.

Every book or article you read will have something new to teach you. Don’t neglect any advice. Analyze it by considering the beneficial points and ignore the rest.

One reason why most traders are successful even after years is because of the zest in them to learn new things. If you think you can meet these requirements as a trader, then without any doubt you will be very successful.

It is just the beginning of your career as a binary options trader. Don’t rely on your intuitions and luck, rather relies on the studies and statistical tools applied for trading binary options.

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Use Of CySec: How CySec Works For Regulation

How CySec Works For Regulation - Binoption

Use Of CySec: How CySec Works For Regulation

Binary Option has become so much popular in last few years.

The industry has become one of the priorities for the trader who wants to invest independently by his own.

No industry really goes smoothly without any obstacle, so is the case for binary option trading market.

You will get to know about some scam related to binary option trading now and then.

To be aware from this scam, we highly suggest our readers to read our articles on binary option guides regularly.

Choose a Regulated Broker

Binary Options is considered as the grey area in financial industry by some of the countries.

But some countries recognized binary options trading as a strong financial area and approved their contribution in economy.

Some countries see them as economy gadget, some consider them as gaming.

Cyprus Securities and Exchange Commission is one of the most renowned regulatory bodies.

It is in charge for regulating binary options in Cyprus and EU.

Benefits of choosing regulated broker are many; one of the main reasons is traders get protection from scamming loosing usually.

Binary options trading require all regulated brokers to follow some rules and regulation, violating any rule can bring bad consequence for brokers.

We like that, regulated brokers work under constant observation.

This criterion of work allows traders to contact the supervisory board in charge for the brokers.

What to Do Before Filing a Complaint with CySEC?

We evidenced that sometimes regulated brokers get also penalized for practicing scamming.

To be secured from any unwanted problem, we highly suggest our readers to trade with the brokers who are on our best binary option broker list.

Most of time traders face problem with brokers while withdrawing the money.

That’s the point when most of the traders get to know that the brokers they are trading with are a scammer.

We encountered that while withdrawing money; traders don’t get any reply from brokers or customer care.

Sometimes brokers also ask for additional fund without showing any valid reason, which is also a sort of scamming.

Unauthorized bonus, unofficial depositing using trader’s credit card and cold calling are also considered as scamming.

If any trader faces this sort of problem, he is suggested to contact with regulatory body or supervisory board first, unless sharing this information online or in forum can give brokers chance to change their setting.

Dropping a complaint with CySEC

CySEC will always tell you to contact the broker first.

If the broker co-operates you, inform them that you know your rights here. 

After dealing with broker, CIF (Cyprus Investment Firm) will give you a specific reference number, which is very much important because all the procedures will be needed this number.

Reference number will contain all information like; your name, e-mail, all information of trading.

After submitting a complaint brokers are obligated to response within 5 days and also get 60 days to resolve the problem.

CySEC does not investigate individual complaints, but is a regulatory body or supervisory board that supervises all brokers and it takes all complaints into consideration.

Sometimes traders on binary options forums complain that CySEC works slowly to answer their complaints, but we suggest traders to hold patience.

Sometimes traders are not happy with the response they get from brokers.

If traders are not satisfied with brokers, the next place they have to go is Financial Ombudsman.

It’s a mediator who works between trader and broker.

There are some procedures to deal with Financial Ombudsman.

Trader has to contact with Ombudsman within 4 months after CIF’s final decision.

After all those things, if nothing gets sorted out we suggest traders to go to court, which is so much rare.

Filling Complaint about Unregulated Broker

CySEC cannot do much here.

Civil actions are the only way to get compensate from an unregulated broker.

But CySEC always publish a list of unregulated brokers who are scammer.

We suggest our readers to be aware of those brokers to keep their money safe.

Other Regulated Bodies

Some brokers are regulated from other regulated bodies besides than CySEC.

Other regulated bodies are AMF (France), IIROC (Canada), ASIC (Australia), CONSOB (Italy) etc.

Visit broker’s webpage to see which regulated bodies are regulating them.

If needed, we recommend traders to contact with them.

Contact Us: Traders can also contact with us if any help needed.

We will try our best to help our readers.

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Investors Guide: Binary Options Is More Than A Number Game

Binary Options Investors Guide - Binoption

Investors Guide: Binary Options is More Than a Number Game

Binary Options Investors Guide

Binary option trading is a very common and widely used trading style among many new and experienced traders.

The popularity is such that all brokers are now trying to offer this trading instrument for its new and existing traders, else traders are looking to move to other broker where it is offered.

It has even gone to a phase where traders are willing to shell some extra dollar if they can find reliable brokers.

As there is a lot of demand for binary option brokers in the market, it has led way to lot of illegal and unregulated brokers who are trying to make money with the help of genuine investor.

This calls for the needs for investor to do a thorough scrutiny before finalizing any trader broker.

In the fast world everyone are looking for additional ways to get some profits.

And trading binary option is one of the most recent yet full-fledged profits making option that any trader can take into consideration.

If you have the misconception that you can make profits just by investing some money in binary option trading, then it’s time to rethink and understand nothing will reap benefits unless you have put effort for the same.

The simplest requirement in this case is there should be at least an hour spent by the trader towards binary option trading.

Binary option profits have given hope for people to start investing in financial markets.

That being said how to make profit is still a question in many minds and the answer for the same is here:

Can low investors trade binary option?

Though binary options have crafted way for normal man to start getting into trading, this doesn’t mean it is risk free and profit is guaranteed.

There is certain level of risk that is associated to binary option trading however it is comparative less as compared to other trading instruments.

Many think binary option trading is just like a game.

But the truth is it is far more different than that.

It requires a lot of attention to detail, commitment, dedication and more to be successful.

This is the reason why some are not able to sustain in this investment option.

How investment turns to be a waste:

Being a trader you should be aware how crucial it is to have a reliable and licensed broker.

The return on your investment is totally depended on this.

Even if you are the best trader in the market who can strike any deal to make profit, if the broker you operate through is unregulated and fraud, both the investment and profit will be vanished from your sight.

Thus don’t concentrate too much on making money at the initial stages, instead spend time to understand how things work and it is really meant for your style of trading.

There are demo accounts to assist you further to understand more about the broker and it’s working.

Strategy  Approach  Action :

To have some direction for your trading activities make use of trading strategies.

Binary signals will fuel binary options and based on these signals traders take a call on whether to invest or not.

Signals are not just for novice traders to make trading life easier but even experienced traders make use of these as they do not have sufficient time to spend of analysis and interpretation.

Though signals can help you to a certain extent, each trader should craft a strategy, trading approach towards each broker and take action at the right time.

Most signals will help you with information and will also let you know which is the ideal time for investing, based on this traders can take decision.

Unless you choose to opt auto-trading, trades will not be booked by the system without your consent.

Scrutinize strategies at regular intervals:

Creating excellent trading strategies is not the end of the story.

The trader should reconsider the strategies applied from time to time.

The markets change, thus the strategies should be adjusted to the volatility to make profits.

Even if you are making regular profits from your investment, reconsidering these during changing market conditions will help you to re-model them and thus can generate more profits than usual.

Similarly, spare some time aside to go through the setting and preferences in the trading platform, with the broker, the auto-trading settings.

These would be mostly created while you initially signed up for the platform or application but over the change of time, things would have changed.

Why to lose some money now for the default settings created back then. 

Though these are really simple tips, it can actually bring a lot of different to your profits and earnings.

It actually does not require too much time or effort by a few hours in a week will serve the purpose.

Signals can predict the market and this is available even at free of cost.

Make use of it to get closer to the real and updated market.

Don’t stick too close to traditional trading strategies and techniques, be ready to adapt to the change to see the difference.

In this era we have more than 200 odd binary option trading robots in the market and this number is increasing day by day.

With the help of technology brokers, indicators, signals, strategies, statistics and more is introduced into binary option trading and this has made the life of traders more convenient.

Unless you are confident, make use of the successful algorithms to trade binary options in a safe fashion.

The upgraded technology has crafted path for human replacements.

Binary option robots are the best example for this.

It is also free software that is offered to everyone who wishes to trade plus it offers high accuracy and high success rates.

Be ready to get to the basics of binary option trading today and you can start making bigger profits in coming days.

Unless the foundation is strong it is tough to make long term profits plus there is be doubt in self-confidence among traders.