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Is Binary Options Trading Gambling?

Is BInary Options Trading Gambling-Binoption

Is Binary Options Trading Gambling Or A Financial Instrument?

Are binary options trading, gambling, or a financial instrument? It is the most curious question that we got from our readers.

In the USA, Binary trading approved by the Securities and Exchange Commission (SEC) in 2008. After that, it has gradually become one of the simplest ways to trade assets.

The shortest binary options trades take around 60 seconds to complete. But, during the last couple of years, the bulk of binary options trading is shifting from traditional exchanges to other financial institutions.

Today, many virtual trading platforms have made market entry easy for retail traders. Such people’s uprising interests for online binary options result in creating lots of misconceptions about it.

One of the most common misconceptions is that Binary Options are pure gambling. So, today we will attempt to clear this delusion from the rational point of view. 

What Is Binary Trading?

The direction is more important than speed 

Accepting the bitter truth is your primary task if you choose binary trading over other investment options. Traders predict the future asset price movement on a fixed outcome. 

If the investor is correct, they “win” and should see a return on their investment; if they’re “wrong”, they lose their full investment.

Keeping up-to-date is essential for either you trade binary options or other trading instruments. Always keep track of the economic trends to make the best investment possible.

Observing the market, the trader may identify when the assets trends are increasing or decreasing in a short period. Still, it is good to keep in mind that no matter how professional the trader is, no one can predict the outcome with absolute certainty.

Is Binary Options Trading Gambling?

Investors regard Binary options as gambling than a more “traditional” form of investment methods. In most cases, this myth spreads by many non-professional traders. They use gut instinct to win instead of following the direction of the market.

For each wrong movement, novice traders end up losing their accounts. As a result, they blame the trading form other than their mistakes.

And we all know that any investment decision is gambling without a strategy. Moreover, gambling is an unpredictable occurrence. The outcome is decided by mistake or chance. For traders, the explanation here is ’emotion.’

On the contrary, trading binary options attract investors, who are especially willing to take higher risks to potentially high returns. By choosing variable time expires to match different strategies, there is a possibility to gain throughout the day.

However, performance in trading depends entirely on in-depth knowledge of the market, reliable trading strategies, careful management of money, and the avoidance of trade emotions.

Specialists and professional investors rely more on market research, trading plans, etc. than temporary instincts. So, there’s no way we can claim that investing in binary options is gambling.

See Also – Binary Options In 2020 (Quick Overview)

The Bottom Line

Binary trading is a financial instrument. Yet, there is no way to remove all the existing risks from binary trading. Other than this, knowing the spots where certain difficulties may lie solely can help traders to focus on proper investment assets.

So, having an intense awareness of the potential risk is a must. It can help to reduce the uncertainty in a considerable portion.

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Is Automated Trading Profitable For Traders?

Is Automated Trading Profitable-Binoption

Is Automated Trading Profitable For Traders? How It Increase Your Trading Profit

Profitable automated trading depends on many factors that we will discuss today in this blog. Mainly, automated traders use ‘algorithmic program’ that automatically submit buy and sell orders in a market place.

One of the major advantages of automated trading is that you don’t have to spend a lot of time with trading software. Besides, the system only follows predetermined rules and conditions. Also, it places trade only if the market behaves the way you intend it to do.

Let’s dive into the next phase to figure out whether automated trading is profitable for traders or not. 

Is Algo Or Automated Trading Profitable?

Indeed, automated trading is profitable as long as you can employ a proper method of trade execution. It uses advanced mathematical models and algorithm to create proper trading strategies.

To put things simply, there is an idea behind Algo trading. Firstly, traders try to put strategies into a computer program. And then, it takes care of the trading execution part on your behalf.

Only a second’s back and forth can lead to a huge loss in trading. Frequently, it occurs in manual trading. Here is the main difference you can find between manual vs automated trading.

Traders can make and execute trading decisions within a second, through auto trading. For a manual trader, it is hard to handle the worst situation in a volatile market. 

Also, the usage of high-end technology makes it more beneficial for traders. On top of that, Algorithmic process improves trade execution and reduces behavioural investing mistakes.

Besides, automation is popular among institutional investors, such as investment banks and hedge funds. For institutional traders, automated trading is highly profitable. Because they tend to have a very large amount of capital.

Moreover, they can trade in high volumes. Although the profit per trade may seem small, the overall profit is considerable due to the volume size.

In the beginning, retail traders remained deprived of algorithmic trading. But now the market is mostly open for retail traders as well as institutions. Right now, algorithmic trading enhances the profitability of retail investors by increasing the speed of execution with real-time quantitative analysis.

Best Automated Binary Trading Software - BinBot Pro

If you still have not heard the name of BinBot Pro, this review is a great source of information. And those who already familiar with this trading bot can also have another look before investing real money.

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Things To Consider To Enhance Autotrading Profitability

Algo Trading have high-profit potentials. Though 95% of automated trading systems end up as a failure, either losing a bunch of trades or just barely staying alive.

The trading execution process is simple and convenient for traders, especially for the newbies. But it requires a very sophisticated method to make your trading simple.

In some cases, over-trading factors are also involved with algo traders because it generates the quickest profits in a limited time. But, to avoid the worst situations from happening, one needs to be careful about overtrading. 

To make automated trading profitable, mechanical terms also requires well monitorization. No matter the underlying algorithm is capable of performing well in the market, or not. 

Besides, you need to check your connectivity issues, power supplies, and other things so that no unnecessary loses occur. But not as frequently as manual trading.

There prevails lots of scam auto trading software out there in the market. These bots mostly designed by some amateurs, scammers, and un-experienced programmers.

And, unfortunately, many traders fall as a victim to the temptation knitted by those professional frauds. Therefore, you need to double-check before choosing a particular trading bot.

Final Words

Many professional traders all around the world involved in Automated trading. It brings many facilities and lessens many hazards from the trading process.

Easy accessibility of it encourages beginners for trading as well. Here are some important tricks for your convenience to act like a professional.

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Why You Need To Log Your Trading Journey Every While

Why You Need To Log Your Trading Journey Every While-Binoption

Trading Journal: Why You Need To Log Your Trading Journey Every While

Hail Traders!

Today, we are going to talk about one of the most important trading assistants that help to strain you as a better trader, and also accomplish your dream to be a successful trader.

Yes! You guessed it right.

The importance of trading journal is our topic today. A trading journal is a fusion which includes all your trading history and information. You can log your trading journey from day one to the end by using a spreadsheet or other online free journal keeping applications. 

Let’s start with a short definition of the trading journal and will see why it is so important to keep.

Introduction To A Trading Journal

A trading journal is a diary/spreadsheet that helps to jot down, crunch, and analyze all trading data of a trader. A well-informed and quality trading journal helps a trader to display his growth and progress as a trader.

It also keeps excellent records of your trades from which you can figure out your profit rate in terms of the trade expenses.

Expert's Opinion On Trading Journal

Experts have achieved the highest level of performance in this industry. Their performance can be objectively measured and compared to the performance of others. So, their views have a great influence on the rest of the traders as well as newcomers.

And you can hardly find any of them involve in trading without journaling their trade experience every day.

Indeed, they acquire their expertise through long periods of hard work and focus on their way of trading. And this helps them to figure out their mistakes and bring significant changes in their trading methodology where needed.

Why You Need To Log Your Trading Journey

A trading journal is a powerful tool which helps you to become more organized and even more successful trader. It’s a tool which works as an assistant the result of which you can see in the long run, only if you consistently keep it for all the time.

Let’s see the reasons why keeping a trading journal is something irreplaceable. 

Get Control On Your Emotion:

The trading log helps you to become the master of your emotions. It means that you can control your emotions by constantly following a journal. 

Don’t forget to jot down your emotional expressions on a journal every time you trade. Lastly, remove them by finding the bad ones that influence your trades.

Risk Appetite Measurement And Improve Risk Tolerance:

Keeping a trade journal is meaningful as it helps you to measure your risk tolerance and eventually helps to improve it.

To figure it out, you can take notes on the amount of risk you are taking per trade and check how they work out. Based on the results, you can modify your risk in terms of the reward ratios.

Moreover, a trading journal will help you to realize whether the risk-taking has any meaningful outcome afterwards or not. That’s how you can avoid terrible situations.

Gather Information About The Industry:

Generally, in a trading journal, we write down all the important facts about our trades, different significant situations, problems we faced, ways to overcome them etc. Imagine, after years of consistency, how much live data you will get!

Yes, you can gather lots of information about the trading markets and the whole industry. And all this real info you can’t probably get from any source.

Monitor Your Trading:

By keeping a journal, you can monitor your trading methods, the progress of wins or loses case more vividly.

It will tell you which methods are working for you, which strategies can bring you money, and how to progress in overall aspects. It also helps to identify your good trades as well as bad trades.

Leads To Effective Trading:

A trading journal assists you to avoid over-trading. When you keep a journal, you are more likely to avoid trades which are out of your trading plan.

Thus, you can avoid losses by keeping yourself away from impulsive trading.

Winding Up:

Steve Clark, a trader and founder of Omni Partners, says,

Do more of what works and less of what doesn’t.

When you write down anything, that means it is important for you, so your focus on it increases. And when you read those points day after day, it unconsciously becomes your regulations. Moreover, it’s a necessary aspect to avoid overtrading or trading misjudgment.

Log your trading journey can also improve your trading mentality. Traders can measure their performance level and also can compare with the previous trading scenario.

 

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Overtrading Factors That Push Traders To Take Risk

Factors That Push Traders To Do OverTrade-Binoption

3 Most Crucial Overtrading Factors That Push Traders To Take Risk

Especially the 2 O’s control the trader’s entire mind and push consistently to do over-trade. Over-trading is a deadly choice by traders where they place trades more frequently, take unwanted risks, and place large trades.

Also, it is necessary to note that you can only conclude on overtrading depending on the trader’s categories. 

Before starting the trading hour, there are a lot of factors involved that one should consider. A day trader won’t put the same number of trades that a swing trader does.

So, the significance of over trading is different from the behaviour of one trader to another. However, the dominant factors will remain the same, or one can add according to their experience. 

We’ll be bringing up the two most important points throughout this article. 

  •  Why do you over-trade? 
  •  How devastating the over-trading is

Over-Trading is one of the main causes of giving back profits. It may be the most terrible experience as a trader. It happens to all forms of traders, whether you have been trading for 1 week or more than years.

Moreover, the first step to resolving any problems is to consider why it happens.  

Why Do You Over-Trade? (Overtrading Factors)

FOMO is the main reason behind over-trading according to the many expert traders and analysts. We trade just beyond our strategy when we are afraid to lose the chance of winning a greater profit.

Placing too many trades at once can only cause a huge monetary loss based on your belief. The best way to avoid loss is to watch the market however, young traders hardly believe that fact.

We want to take on such a trade because we think it could be a successful winner and we want to show it by putting the risk on the table. But in reality, it might end up your career in trading.

The lack of proper planning could cause too much trade to be placed in a single day. Besides, certain emotional factors, such as anxiety, anticipation, and greed, also influence traders to do over trade. Sometimes, traders seek to make up the trading loss which shows the attitude of fear of traders.

In some cases, traders try to open up position without analyzing the market. For that reason, as the market moves rapidly, a small movement can bring unwanted losses to traders. 

The last thing that you can not ignore is greed. Traders, especially young ones, generally have impulsive behaviour. Rather than learning how to trade, they give more attention to making quick money.

How Devastating The Overtrading Is

Over-trading is a devastating behaviour that can quickly blow up once account. It’s acceptable for beginners who use an online practice account to learn various trading stages.

It is one kind of emotional behaviour by traders that includes taking advantage of various opportunities. 

But if you are looking for quick success, the outcome could be the worst. Go through the simple tips and tricks as well as strategies to make a plan.

Final Draw Line

As there is no rules and regulations to control over-trading, so one should always build a trading strategy before each trades. Remember, your trading style is an important component.

So, follow the proper money-management rules applying both technical and fundamental analysis.  Diversify portfolio is another key component for traders to minimize trading risk by spreading the total investment.

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Learn How To Choose The Right Trading Assets In Less Than 5 Minutes

How To Choose The Right Trading Asset-Binoption

Learn How To Choose The Right Trading Assets Less Than 5 Minutes

Whether you’re a short-term trader or you’re dedicated to spending your full time seeing the market move, the right trading assets can receive the ultimate profits. However, untrained traders may find it very hard to pick up the right asset if they have a lack of adequate information.

Moreover, your impulsive action is the root of fruitless trading. Meanwhile, other factors also involve holding constant success.

Suppose you’ve traded the most renowned market pair with quick research. Your return will not be identical to another trader who spends most of his time on market research.

In this small online diary, we ‘re trying to show you some remarkable points. We also will address the importance of choosing the right trading instruments.

What Is Trading Assets

You can either own or control trading assets for a specific period which are primarily economic resources. Traders can trade these resources to bring profits for future benefits.

As a trader, you will get a platform that works as a bridge between you and the market. Through this platform, they can exchange an asset on markets such as currency, stocks, commodities, etc.

Not only for traders or investors, but trading asset can also be a vital indicator for banks. However, the forms are distinct from retail traders.

Traditionally, people buy tangible or intangible assets by hoping for unfolded profits. In online trading or options trading, traders do not take ownership of an asset. Instead, they predict the future value of the underlying asset.

In our introduction of the article of the binary options, we have already explained the underlying options trading terminology. We also mentioned that if anyone predicts the right future price of assets within a fixed time, it will reward traders.

How One Can Choose The Right Trading Assets

Binary Options Trading Underlying Assets - Binoption

Selecting the appropriate broker platform is the best way to choose the right trading asset. Not all of the platforms will allow you to deal with the same trading assets, except for some major ones.

Besides, traders need to check some important points before investing in an asset. The very first is familiarity. Beginners traders are more often unaware of the trading plan.

But where it is mandatory to have a trading plan on every checklist of traders. It is wise to have a good understanding instead of opening up a quick trade without having a clear concept.

The second important issue to consider is market liquidity. Liquidity occurs only, depending on the supply and demand ratios. Expert traders rarely overlook the fact of liquidity if they have professional knowledge of assets. It’s important to choose a highly liquid asset because it gives you the highest rate of return.

Market analysis is the last one you can add to your research list. The concentration should be on the price of assets and the volume of trade. These points will give you a rough idea of how profitable your chosen trading instrument is.

How Fundamental Analysis Helps?

Fundamental analysis works like a life jacket before you dive into the financial market. It’s the only way to correct market data to save your money from the trash bin.

The current market information is provided by both the economic calendar and news websites such as Bloomberg, Forbes, etc. In particular, these websites will show you the light on which trading instrument you should trade and which you should not trade.

Newspaper and financial news channels may be sources of data, but unfortunately, they do not provide instant data.

More Than 80% Or Less?

Which one is to pick 80% or less than that? The simple answer is 80%. Out of thousands of trading assets, your broker will deliver barely 300 + instruments.

Whether you choose a currency pair or others, aim to select an asset that will give you a return rate of 80% or more. In some cases, 60%-70% of the return-rate assets are also profitable.

Mainly, the percentage ensures that significant profits are higher than the losses. Remember that the rate of return will not be the same for every day. It will change depending on the movement of the market.

Same Asset Pair Is My Favorite

Break the chain of anxiety and see the potential benefits of dealing with multi-assets. Remember that you must finish the primary level before entering the master room.

Start your first trade and continue with the same trading instrument is acceptable to novice investors.

We commend our traders for sticking to a single asset for a while. Besides, you need to monitor price behaviour on an ongoing basis. After that, you can, of course, try other assets one by one. If you stay with a single instrument for a long time, you’ll miss a lot of great opportunities.

Also, it will be difficult for you to know the benefits of another trading instrument. Trading too many assets is only problematic if you try them at the same time.

Final Words

Trading options can be the best source of passive income as it gives you a fixed rate of return. So, the best thing to do is to select the right trading assets

Start with a small amount until you have the power to accept your trading loss. If you’re a young investor, our advice is to avoid trading entirely on weekends.

Weekend trading will offer a lower profit return with a longer trading session. Focusing on a single currency pair will give you confidence that you can deal with more than one currency pair.

Why Do You Over-Trade?
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Bitcoin Halving 2020 – Bitcoin History And Price Prediction

Bitcoin Halving 2020-Binoption

Bitcoin Halving 2020 - History Of Bitcoin Trading And Price Prediction

Are you excited for the upcoming bitcoin halving 2020? The halving countdown has started already, and we are not out of it. So, in this article, we will talk about the Bitcoin halving or ‘halving’ event that will take place in May 2020.

Besides, we will go over what halving is, why halving takes place, and what implications halving has for the future of bitcoin. There are three key concepts about the bitcoin network you need to know that will make bitcoin halving easier to understand.

The concepts we will go over are the bitcoin blockchain, bitcoin mining, and the bitcoin supply.

Let’s get started.

What Is Bitcoin Blockchain?

First, let’s briefly talk about the bitcoin blockchain. The bitcoin blockchain is a live running record of all bitcoin transactions. The simplest way to understand what blockchain is by separating the word “block” from “chain”.

So, imagine records of individual transactions like payments sent to or from one person to another getting listed or indexed one after another. Once a certain amount of transactions in the list has been reached, it forms a block.

Each block has a maximum amount of transaction data. Once the maximum amount of transaction data for the block has been met, the block adds behind the previous block of transactions.

Now, these blocks of transactions linked with a chain. So, blockchain is groups of transaction data that links.

Moreover, the basic structure of the blockchain comprises a network of computers around the world, with bitcoin software. When bitcoin transactions occur, the data communicate to this network of computers that validate the transaction, add the transaction to their copy of the bitcoin ledger, and then broadcast the ledger changes to the others computers on the network.

Furthermore, it can save a maximum amount of data in one block. Approximately every 10 minutes, a new block of bitcoin creates, verifies, and publish to the bitcoin blockchain.

TRADE BITCON WITH BINBOT PRO

Recommended Bitcoin Trading Brokers & Application

In every single perspective, both trading and investing in Bitcoin is beneficial for investors and traders. Thousands of traders have changed their lives forever by trading bitcoin. For example, in bitcoin trading, you can choose either long or short, depending on the market condition. 

Finding a platform with all possibilities of earring money is easy. But the secure trading environment should be the first and leading priority for traders. 

We are overjoyed by sharing the names of following brokers and applications that will present a rewarding and protecting environment with strict laws. 

First, we will start with applications that promise to give the highest payout ratio with no scam. Along with Bitcoin, you can also trade other’s popular altcoins. 

We have tested the following trading robots, and we recommend these for auto trading: BinBot Pro, Binary.com Auto trading Bot, and DaxRobot.

Our Recommended Robots

BinBot Pro

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

Binary.com Bot

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

DaxRobot

$ 250 Minimum Deposit
  • Returns depends on trader
  • Demo Account: Yes
  • Fully Automated Bot
Open Account

Moreover, trading the crypto coins requires a strong risk management rules to avoid unwanted situation. 

Before any recommendation, our team constantly check and test the performance of each trading broker. Not only the performance, but we also extensively check all other requirements, before recommending. 

Based on regulation, reliability, return percentage, etc. we will recommend you the following brokers: Binary.com, IQ Option, and BinaryCent.

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

Bitcoin Mining

Let’s talk about how bitcoin transactions are getting verified on the bitcoin network. The verification and posting of transactions on the blockchain are completed by miners, via a process called mining.

Miners are the pools of people that use computer processing power to maintain the Bitcoin blockchain. It includes keeping the ledger of bitcoin transactions clean, consistent, and permanent by grouping new transactions into blocks. Later on, broadcast them to the rest of the bitcoin network for verification.

Besides, each new block of transactions has a cryptographic hash. Finally, all published links of the transaction blocks together form the blockchain. Next, for a new block, miners require to follow a proof-of-work system that involves creating a new cryptographic hash with a newly completed block.

Moreover, new blocks of transactions have a unique hash. For publishing to the ledger, it requires the creation of another unique hash that will go through a validation process. Then, it gets passed on to the next block, and so on.

To create a new unique hash for the block of transactions, miners compete with each other using computer power, to try to be the first one with a 64 digit hexadecimal number or the hash that is less than or equal to the difficulty target of the network.

Each time, miners get bitcoin as a reward and verify a new block of transactions. Note that mining rewards are a combination of newly mined bitcoin.

These rewards are in place to incentivize miners to participate in the mining process, to ensure the bitcoin network continues to be audited and essentially maintained.

32% DISCOUNT ON ALL MINING CONTRACTS

The Supply Of Bitcoin

Bitcoin is a digital currency developed by an unknown person named Satoshi Nakamoto or group of people. The more you learn, you will start to understand Bitcoin more. Moreover, you will also find the similarities between Bitcoin and gold. 

Because Satoshi developed the digital currency Bitcoin intentionally that matches the characteristics of the precious metal, gold. We previously discussed the process of bitcoin mining. Bitcoin miners require computing power to perform guesswork so that, they can create the new unique hashes to validate new blocks of transaction.

Another gold light characteristics Satoshi programmed into bitcoin is a maximum supply. The total number of bitcoins can ever is 21 million units.

The 21 million unit maximum was established to mirror gold’s stable inflation rate. It’s important to understand that there are two different definitions of inflation. 

  • The most modern and common use of the word inflation refers to a decrease in the purchasing power money. 
  • An older traditional use of the word inflation refers to an increase in the supply of money that is not backed by gold. 

In the modern context of inflation, Bitcoin is deflationary, because over time it’s purchasing power will increase, instead of decrease due to its fixed supply. 

Besides, the fixed supply to pre-mined gold will increase in value over time, since gold cannot be created. 

Make sense, right?

In the traditional context of inflation, bitcoin is inflationary because the supply of bitcoin which is not backed by gold. And also it increasing as miners mine new bitcoin through validating new blocks of transactions. 

Currently, around 18 million bitcoins are in circulation of the 21 million of the total supply. According to its current track, the last bitcoin will be mined in the year 2140, which is 100 and 20 years from now. 

Bitcoin Halving 2020

Now, let’s talk what halving is, why halving takes place, and what implications halving has for the future of bitcoin.

In terms of bitcoin, halving refers to the reduction in the bitcoin block reward issued to miners by half. Currently, the block reward for miner 12.5 units of a newly minted bitcoin that were not previously in circulation. After occurring the halving in May 2020, the block reward will reduce by half which will be 6.25 units

The reward is for newly minted bitcoin per validated block halving was programmed to occur every 210,000 blocks.

When bitcoin was first developed in 2009, the block reward was 50 bitcoins. In 2012, the first halving reduced the block reward to 25 bitcoins. And in 2016, the second halving event reduced the block reward to 12.5 bitcoins.

Mainly, the halving occurs to prevent inflation from decreasing the purchasing power of Bitcoin with increasing of technological advancement in the bitcoin algorithm.

So, the faster new blocks are validated, the more difficult creating new unique hashes for new blocks. At the current reward rate of bitcoin, about 1800 new bitcoins are minted daily, which takes roughly 10 minutes.

The inflation rate in the traditional sense about 3.8%. After the halving, the block reward rate will be 6.25 bitcoin. About 900 new bitcoins will be minted daily decreasing the annual inflation rate to 1.8%, which will make bitcoin less inflationary than the US economy.

Also, the halving amount of newly minted Bitcoin controls the rate at which the finite or fixed supplies bitcoin is titrated into circulation over time similar to gold. Moreover, this creates a predictable, and constantly decreasing inflation rate that will eventually reach zero number.

What Implications Halving Has For A Bitcoin?

Gold is considered one of the best stores of value because of its fixed supply. Since the supply is not extremely abundant, gold is scarce is imposed by nature. We are not able to create gold for increasing the supply. 

Similarly, the algorithm that imposes bitcoins fixed supply was designed to make bitcoin, even scarcer than gold. So, if demand remains steady or increases for the fixed scarce, the supply and price of bitcoin will experience positive long-term effects. 

After the halving in May, the supply of bitcoin will become even more scarce. So let’s look at what happened after previous bitcoin halving. 

Bitcoin was around eleven dollars when the first halving occurred in November 2012. Then in 2013, bitcoin spiked to $1100, the highest bitcoin had ever been. At that time before dropping back down to around $220, it remaining under $1000, for the next few years in July of 2016. 

During the second halving, bitcoin was around $600, and then spiked to $20,000 near the end of 2017, which was around 18 months later. So, historically the 12 to 18 months immediately following a halving event bitcoin pricing didn’t show much movement. 

Also, it’s not quite clear that the spikes price 12 to 18 months after the halving events correlate exclusively with the halving. The first bitcoin price spike to $1100 happened an entire year after the halving event, and it seemed to correlate with the Cyrus bailout. 

The second bitcoin price spike to $20000 happened an entire 18 months after the halving took place. It seemed to be caused by market manipulation, as cryptocurrency was being featured in mainstream media, and attracting attention from the masses.

Did the halving affect the spike to $20000 in late 2017? 

Maybe not the spike, but it’s more probable that it’s been playing a role in maintaining bitcoins price over $3000, since then. 

So, what does the historical data tell us about the upcoming halving event into May of 2020? At this moment, bitcoin gains more popularity since the last halving in 2016. Furthermore, the upcoming halving in May is likely already priced in. For a while, there is a lot of hype coming out about the impending halving.

So, it’s likely that the of bitcoin drops significantly following the halving event due to so many inexperienced people, and investors operating off of the assumptions that bitcoin price will increase immediately after or soon, after the halving like the previous halving events. 

Is It Wise To Expect?

We would expect to see any drastic enduring changes. Do you exclusively to the halving event without a correlating positive or negative outside fore like government regulation, market manipulation, economic event or similar.

Even then, as with the previous halving averages 12 to 18 months before noticeable changes the bottom line is this, there is a lot of room for opposing theories opinions and predictions of bitcoin pricing concerning the halving in May of 2020, and the years following.

Therefore, it’s important to do your research, and draw your conclusions about the impending bitcoin halving.

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How Video Games Help To Become A Better Investor In Online Trading

Video Games Become A Better Investor In Online Trading-Binoption

How Video Games Help To Become A Better Investor In Online Trading?

Investments are a serious business, with plenty at stake for those who choose to indulge and speculate. There are many vehicles by which you may develop your hands-on learning. You may choose to find tutorials online, including our website, or find something visual on YouTube.

You might want to talk to other investors about how they approach it, the tricks and tips they have learned over the years. You might even choose to follow famous investors blindly, hoping to pick up on their fortune.

One approach you may not have considered is video games. In the past, banking and investment in video gaming have not been prominent, but in recent years there have been elements springing up in titles. As both money and gaming apps have become very popular, game developers have seen a gap in the market for combining finance and gaming.

Many of these games are adaptions of already popular titles linked to banking such as the various digital versions of Monopoly. There are five Monopoly adaptions on Cheeky Bingo, including Monopoly Slingo and Monopoly Mega Movers, that have converted different elements of the game for online and mobile players.

Some bigger console releases, Rockstar Games’ Grand Theft Auto V for instance, have investment elements to them as well, with the stock market allowing players to earn more in-game currency.

However, it is not just fun titles that game developers have zoned in on. Developers have also worked on titles aimed at improving your real-life investment through online games. It might not be everyone’s choice of entry into investing, but these four titles can certainly help you increase your portfolio and your skill base

MarketWatch Fantasy Earnings Trader Game

This is a basic card-based online competition, which runs for four weeks at a time. Whilst it is a little less complex than the last two, it still reaches the trend-spotting skills all good investors have.

You must pick your shares before Monday and on Friday, and they will be automatically sold ahead of a new week of investment. It is a great place for beginners to start, given the somewhat basic approach and the uniform process involved.

On the other hand, a binary option is also a trading form where you can trade on diversify trading assets. And if you concentrate on binary trading, then you can read the recommended article where experts suggested 7 ways to become a great binary trader.

Wall Street Survivor

Wall Street Survivor is a website-based game designer purely to help you improve as an investor. It presents you with $100,000 to invest and guides you through the process with the help of a cartoon version of stock guru Mark Brookshire, a well-known investment guru.

There is a prize on the site worth $100,000, but anyone can set up small competitions of their own and play for pride. It is a well-known resource for investors and was once billed as teaching you everything you need to know about money.

The Stock Market Game

Reportedly used by over 600,000 people every year, the Stock Market Game is a popular online resource for learning the stock market. The game allows users to trade their own $100,000 virtual investment portfolio and is designed with teachers in mind.

The competition is fierce as teachers and students look to outdo other teams in state championships, developing their skills at spotting market trends and taking advantage of current situations.

Build Your Stax

Build Your Stax looks to simulate two decades of investment experience in a short time. You start out with a modest savings account and play along as that grows and develops into a serious trading career.

It introduces several types of investment too, from CDs, index funds, individual stocks and even commodities. With each new investment, the game gives you a quick tutorial on what it is and what role it plays in your overall portfolio.

Also, it throws some real-life scenarios at your as well, expenses you might incur during your investment career which could affect your cashflow, simulating real-life impact. It is a browser-based game and there are facilities for you to play with friends if group play is your aim.

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COVID-19 In Financial Market: How Global Economy Infected By This Pandemic

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COVID-19 In Financial Market: How Global Economy Infected By This Pandemic

COVID-19 in the financial market is a breathtaking word, especially for them who works in different sectors as well as investors. It is an unrivalled public health issue.  

In the year 2019, it was first found in China and quickly spread all over the world. Almost 2.6 million people are infected globally, and almost 180,000 have died. 

Right now, COVID-19 is a Global Pandemic, and the economy faces a major downturn because of it. According to research, it has some strong negative impact on the financial market that we have mentioned below.

  • The future economic process will slow
  • Impact on Geo-economics
  • Banking and capital market
  • Oil and gas
  • Private and international investors etc.

Not only the developing countries but highly-developed countries such as the European Union, USA, China, Spain, Italy, etc. are also affected by COVID-19.

Let’s have a look at how the global economy is infected by this pandemic, and what are the ways to manage trading risk.

Globally Unemployment Issues During COVID-19:

According to Yahoo Finance, in the USA, on March 21, 3.3 million Americans have applied for unemployment benefits. However, the number has increased tremendously, and it was almost 5.245 million till April 18. 

A recent report from the U.S. DEPARTMENT OF LABOR shows, the total unemployment record suddenly pushed by approximate 25 million. Moreover, other countries are also worst affected by this COVID-19. 

Besides, approximately 70% of gig workers spending their life without any income, while they have all opportunities to earn money.  

On the flip side, Canada Emergency Response Benefit (CERB) offers temporary income support if you have stopped working because of COVID-19. 

In one press conference Gov. Roy Cooper stated that- 

We know this virus is taking a toll on our economy.

According to him, small business owners will get funding as per their requirements. 

At this point, he stated – 

Small businesses are the lifeblood of our economy.

So, if you are a citizen of North California, you can also apply for the unemployment benefits from here. 

COVID-19 In Financial Market:

Multiple trading sectors are affected by this pandemic situation. In the Forex market, the Australian dollar hit a 17-year low of $0.59215, and Kiwi hit an 11 year low at 0.5850 cents, while Yen gets stronger than other currencies. 

The USA market is the world largest economic market. The stock market has reacted to a recent large drop. Fortunately, the price of stocks rose Wednesday Senate approves coronavirus relief funds. 

According to the USA stock market update: 

  • The S&P 500 jumped more than 2%
  • The Nasdaq jumped more than 2.8%
  • Facebook (FB) rising more than 6.5%

On the other hand, due to the coronavirus effect, the Chinese stocks ended weaker on Thursday. However, financial analysts believe that the economy will recover very soon. Moreover, on Monday, the price of Crude oil has dropped to below $0 a barrel. It was a historic crash for crude oil. 

Lastly, the crypto industry had the biggest fall in the last month. The world’s leading digital currency Bitcoin price was more than $10,000 on February 13, 2020. The price was dropped by more than 50% and recorded the lowest price of almost $4,000 this year. 

However, it has almost completely recovered from the 50% drop in March. But, many bitcoin holders think that the price may not hit the moon soon, though there are only 20 days left for halving. At the time of writing, BTC is trading at $7,293. 

Note that there are only 21 million Bitcoins available for mining. 

How Trader Will Manage The Trading Risk:

The first and foremost thing for a trader is to make a proper trading plan before executing trades in this volatile market.  Moreover, a trader must have to control trading psychology to avoid unwanted risk.

It is mandatory to create a plan with all useful information such as:

  • Number of trades
  • Trading assets
  • Strategies
  • Trade timeframe
  • Expiration period
  • Money Management
  • Expected profit ratio
  • Trading session

It is wise for traders if they execute orders by following Trend Trading. Trend Trading is a particular strategy for traders which is widely popular for both the professional and new traders. 

As the news events have a strong impact on trading instruments, so it is recommended to check the latest news. According to the news, do not forget to track the open trading positions. 

Final Thoughts

Whether you are professional investors/traders or a novice one, it is always suggested to pick the best asset that will give you the highest outcome. In this unwanted situation, your single mistake can bring destruction to your capital. 

The risk management strategy can change your trading environment. So, follow the money-management rule and place an order according to that. 

However, it is necessary to stay home and stay safe during this period. 

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Trading Psychology – Discover 7 Secrets To Improve Discipline

Improve Trading Psychology-Binoption

Trading Psychology- Discover 7 Secrets To Improve Discipline

Trading psychology is the most challenging part of trading. As a trader, you have to require a sum of skills to build you as a professional trader. Psychology of trading is one of them that you have to control consistently to make trades easy and profitable. So, if you are planning to make a trading checklist, then don’t forget to add this.

On the other hand, discipline is mandatory to understand the fundamental trading rules. It also helps you to build your confidence. Remember, you can only make money in the long term if you successfully control trading psychology.

Today, we will reveal “Seven Amazing Secrets” that help you to improve discipline and psychology together.

What Is Trading Psychology

Trading psychology refers to the human mindset. Traders actively involved with trading psychology during the market time or trading a particular asset. On the other hand, it is an emotional component that has a direct influence on your trading activity.

You can categorize the psychology of trading in different parts. But some of these like GREED, Fear, FOMO and Regret play an important role in the trading process. In among of these four, greed and fear have a primary influence on trading.

In trading, greed leads traders to take more risk. Oppositely, fear helps traders to avoid that risk, and generate a small amount of return.

By being emotional, you will increase your chance of failure. Eventually, you will fail to control the edge of risk. In the end, you will lose more than your earning capital.

How To Master Psychology Of Trading

In some cases, strategies that you use aren’t your key to success. For some experts, the key is trading psychology. You can also control your emotions with a few strategies. Most importantly, it is not only about making a decision but also taking the right decision at the right time. 

As we mentioned earlier, this blog is all about what you should consider being master psychology of trading. So, here are the 7 tips on how to boost-up self-discipline that can help one to avoid bad trading. 

Trading Discipline Over Money

You should not focus on becoming a millionaire or earning a lot of money. Before entering the market, you should forget about the term “money.”

But isn’t trading all about money? 

Eventually, you can count on both yes or no. Because a good trade only brings money in your pocket. On the other hand, a bad trade can make you lose a lot of money. At the end of the journey, you have to concentrate on things that make money. 

So, make strategies and plans according to your goal. If you do everything right, the money will come automatically. Really interesting!  

That Is Your Real Money

A demo trading, almost all traders are aware of it. However, we rarely take it seriously. If you are new in the trading world, then practice is the backbone of your success. 

In our trading guides section, you will find a lot of articles where we always encourage our traders to improve their skills and build strategies by using a demo account. 

It is the most reliable way to learn as you are not dealing with real money. But, while trading considers it as a real account. 

Start With A Small Risk

Do not throw your money around and start with a small amount. Risk management usually ignored by most of the traders while it is also noticeable. Moreover, market risk is pretty much out of your control. 

Typically, traders start searching for profitable strategies, trading signals, indicators etc at the beginning of trades. But at the very first time, a trader needs to understand how to manage risk and set a risk free trading orders. 

As avoiding risk in trading is not possible, so try to limit your risk by 2% per trade. 

Watch Others Graph

Watching other’s graph means to follow and copy expert traders. This trick is generally followed by both novice and experienced traders. 

Many broker’s platforms allow traders to copy expert traders. If you are not sure which platform is giving, you can check our broker’s comparison list. 

Or, you can research and find the name of an expert from online and can follow his trading style and personality. After completing the conversation, he will follow your trades, guides you, and judge you as a mentor. 

Do Research

Do research as much as you can. One of the best ways to improve your psychology of trading is to increase your knowledge. You will find many online pdf and trading psychology books that will add more value to your trading plan. 

Start spending money without any knowledge is like searching for water in a desert. You should consider trading as a business. And in business, professionals never stop learning.

They upgrade themselves with constant learning and polishing their skills to make it more accurate.  

Prepare A Checklist

Write down everything that important for trading. You can make a daily list or can make a weekly list depending on the market situation.

Suppose, you are listing one currency pair to trade today as it will give you the highest return in terms of your analysis. However, you are not sure whether this pair will give you the same result tomorrow, or not.

Here, an economic calendar will help you to figure out which trading asset will give you the highest profit. Having a well-defined strategy and goals can help you stay one step ahead of other traders.

Moreover, you can also maintain trading journals to keep track of your profits and loss. 

Stick With Your Trading Plan

Strength your trading mentality. Make a plan and stick with it. Do not change your plan or compare it with another trader without knowing the back story. 

Determine your entry and exit point after analyzing the market properly.

Final Words

Promise one thing that you will follow trading discipline at least one day. You will be surprised after seeing the result. Trading is 90% psychological, and you can’t teach another person or talk, without experiencing it.

Try to be more patient if you can. Accepting loss is something hard for most of us. However, you have to accept and change it for time to time.

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Fisher Transform : How To Set Indicator On BinaryCent Platform

Fisher Transform How To Set Indicator On BinaryCent Platform-Binoption

Fisher Transform: How To Set Indicator On BinaryCent Platform

Fisher Transform is a technical indicator that helps traders to identify the “oversold” and “overbought” market condition. Moreover, this indicator also convert prices into Gaussian normal distribution. As technical analysis is necessary for traders and it is recommended to use correctly to get a better result. 

This indicator created by J.F. Ehlers. Thus, traders can use the Fisher Transform indicator on the different trading platform, but today we will show you the setup process on the BinaryCent platform. 

Binary Cent is an online trading platform that is newly introduced itself as a options broker. You can read a complete review on BinaryCent to know the unique feature with a platform overview. 

Today we are taking a closer look at this popular trend-following indicator that can add a valuable result in your trading system. 

What Is Ehler’s Fisher Transform

The Fisher Transform indicator was first introduced by J.F. Ehlers. This indicator highlights prices when it moves to an extreme based on recent prices. Not only that but also it helps traders to show the trend, and isolate the price waves within a trend.

Today’s blog post is a bit technical for readers. So, please read the article very carefully to understand the indicator and how it works.

Also, you can use the BinaryCent demo platform for practical application of different indicators. Moreover, Demo trading will help you to improve trading skills. To avail the facility, traders have to deposit an initial amount of $250.

Normal Distribution

We have already mentioned the term of Gaussian normal distribution at the introductory part. But it is wise to provide a basic introduction on the normal distribution. 

A normal distribution also called bell-curve that is a common probability distribution. As per the rule: 

  • the Mean value is equal to the Median value
  • the left and the right halves of the graph are symmetrical.

On the other hand, the quantitative variable does not follow the normal distribution. You can count the asset price as a quantitative variable. 

How To Use Fisher Transform Indicator

How To Use Fisher Transform Indicator-Binoption

Fisher Transform indicator transfigures prices into a normal distribution. A bell-curve or normal distribution can be used later in technical analysis. Extreme values of the indicators are quite uncommon for both negative and positive since the indicator follows a normal distribution.

The major fundamental rule is

  • The asset is overbought when the Fisher Transform is above the zero line and goes up.
  • The asset is oversold when Fisher Transform is below the zero line or goes down.

It is mandatory to note that in both mentioned cases, the probability of a trend reversal gets higher with time.

Traders consider to open a corresponding position, after receiving a buy or sell signal from another indicator. It also confirms that the signal sent by Fisher.

Traders compare the Fisher Transform indicator to the Stochastic Oscillator. Both trading indicators work similarly.

Note that no technical analysis indicator is capable of providing accurate trading results. And the Fisher Transform is not an exception.

But according to the expert analyst, this particular indicator generates buy and sell signals earlier than other market-leading indicators. 

How To Set Up On BinaryCent Platform

How To Set Up On BinaryCent Platform-Binoption

At first, sign into the BinaryCent Trading platform with a valid user id and password. To start trading with a demo account, traders must have to deposit a minimum amount. 

You will find the trading dashboard. On the upper side on the left-hand side, you will find technical analysis, from where you can view the full trading view chart. 

At the same time, you can click the “candle chart” to see the complete trading platform with necessary indicators. 

Click on the “indicators” button and select the “Fisher Transform”. Click “Apply” if you want to use the indicator with standard parameters. Or you can adjust the trading parameter depending on the trading time and market movement. 

The trading indicator is ready to use

Build your strategy

High Capital Risk Is Involved In Financial Trading

Final Words

Lastly, you have a basic idea on how to use Fisher Transform on BinaryCent platform. You can also use the same indicator on different trading platforms. Building a strategy with this specific trading indicator will help traders to proceed with successful trading.