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Trading Failure: Why 90% Of Traders Fail

Trading Failure Why 90% Traders Fail-Binoption

Trading Failure: Why 90% of Traders Fail

Trading failure is a common term that happens for any types of traders whether they choose to trade binary options or others. As a trader, you have to consistently make decisions based on the market movement, whether you are new or experienced.

Though we have mentioned the highest percentage in the title, it depends how new you are in the trading market. But the general statistic shows that almost 90% of traders lose their funds. However, the number could be higher or lower than our expectation.

Before that, it will be a smart move for you if you rethink your trading plan before placing a trade.

After one to one discussion with traders, we felt a need to dig more in-depth to explain reasons for trader’s failure. So, today, we will give you some pinpoint that you need to follow to make each trade profitable.

Trading Failure: Why 90% Of Traders Fail

Trading is not about being perfect, it’s a clear mindset. You can’t always predict the right asset price movement. But to be a successful trader, you have to sync perfectly with the market and learn how to generate profits from the most volatile condition.

I will share with you the 5 reasons why most traders lose their investment. Hopefully, this article will help you to prevent your money from draining out.

Am I Right Or I Am Right

What clicks on your mind after hearing the term “right trading assets”?

Choosing the right asset or trading instruments is a vital role for traders. Remember, it will increase your winning rate. But the burning question is, how do you choose the right instrument that likely suits you as a trader? 

Here, you have to follow some tips before selecting an asset or asset pair. Except for binary trading, you need to choose a perfect spread and leverage level for other trading types. You also know the market scenario of a particular asset. 

Mostly new traders do not bother to analyze the trading market every day before opening a position. They select an asset because it is on the top level of the trading list. 

So, choose the asset type considering all things together. 

Don’t Want To Learn More And More

Do not run behind the money without knowing how to generate it for a lifetime. Trading knowledge is a gatekeeper which ensures your profits. For being a trader, you need the money and a trading device. But for being a professional, you need proper education.

Moreover, you will find many intelligent people in this industry who has spent many years learning how to be a professional trader.

So, forget the fact that you only have to make money from trading. You need more knowledge than simply knowing when to buy and sell. So, learn the industry first.

Not An Uphill Battel

Trading analysis is the key element for traders. Technical analysis is a method of using market data with asset past and future price. At the same time, from the daily market analysis, you will get the price movement of the global market.

An economic calendar is one of your best friends. It shows you the scheduled news and events that are related to the trading market. However, novice traders sometimes forgot to check the economic calendar every morning. But under any market condition, you should know what your risk on every single trade.

Strategies Need To Be Clean

Trading strategies will make a trader over powerful if he or she can implement it properly. I tried to learn different trading strategies almost every day by thinking that these will make a better trader.

Eventually, it changes nothing. On the other hand, another group of traders try to fix one or two trading strategies. Usually, it is not hard to find trading strategies. It is wise to change the strategy based on trading time and asset.

Online sites and trading forums are the best places to find trading strategies. However, finding the best strategy that suits your personality is a different thing.

On the other hand, the right trading plan will show you the right direction. A trading plan covers everything from the entry to exit level. Most traders enter into the trading world without any trading plan.

So, try to make a plan and follow that in a regular basis.

Poor Risk Management

You can have the best trading strategy, but with poor risk management, you will end up with an empty house. Surprisingly, risk management plays a vital role in traders’ failure.

If you want to succeed in the trading business, learn everything you can on proper money management or risk management.

For novice traders, it is recommended not to risk more than 1% to 2%.

Final Words

Trading is not a hobby for everyone. It is just a professional career. It takes years of practice and effort to make yourself perfect in this field. At the same time, you have that willingness to learn from your mistakes.

Except for above-described reasons, other reasons are also involved behind every losing trade. If you reduce the number of trading mistakes, you will make a success in the long run.

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Money Management- How To Apply Risk Management On Crypto Trading

Money Management On Crypto Trading-Binoption

Money Management: How To Apply Risk Management On Crypto Trading

Money management is vital and fundamentally important for traders, either they trade cryptocurrency or binary options. The financial market is unpredictable, and you will badly lose your investment if you ignore the risk management strategy.

If you are like other traders and initially got into cryptocurrency trading in 2020, you may also need to read this article. As the crypto market is booming, we found many traders are trading Bitcoin with limited knowledge.

Besides the technical analysis and fundamental analysis, money management is also necessary.

The technical analysis refers to trading tools. Using this tool, traders find trading opportunities by analyzing statistics and other metrics. To keep updated on global news and events, you will need fundamental analysis. Similarly, in money management, you need to change your trading perspective.

We have chosen to make this article on money management after analyzing crypto trader’s difficulties.

What Is Money Management

Money management is a rule that helps investors to develop a plan. It is a process of managing money before investing.

It is also known as investment management or risk management. Additionally, it is mandatory to know which trading asst will give you the highest return in terms of price movement, trading time, and trading budget allocation. Remember, each step will help you to cut down your losses.

The Chinese military general Sun Tzu’s famously said that –

Every battle is won before it is fought.

So, you need a proper plan and strategy to win a trade. From finding out the right trading broker to placing an order, traders must have to follow a 2% money management rule to maximize profitability.

The 2% Money Management Rule

So, the question is how do you maximize your profitability without blowing up your account? And the answer lies in the 2% money management rule.

Investing a random amount in trading is quite similar to gambling. Allocating an amount thoroughly after analyzing a market is a form of investment. It is widely accepted that once should never invest more than 2% of his available capital on a single trade.

Let’s say you have $5,000 to invest and you’re considering a particular trade with a hit rate of 60%. If you invest the whole $10,000 you have a 60% chance of doubling your money but at the same time, you also have a 40% chance of losing.

On the other hand, let’s say you split your $10,000 into two and invest $5,000 each. Your probability of losing from two investments is only 16 % or 40% which means your chances of losing everything are much less.

Furthermore, if you split the capital into ten, $1,000 each your odds of losing everything would drop to just 0.01%.

Apply Risk Management On Crypto Trading

Just like other forms of trading, Crypto trading also requires proper risk management. However, we have already mentioned the 2% rules above. To find out the risk, traders have to multiply the risk percentage with the initial investment amount.

Suppose you have a $500 account and you want to risk 5%. So the calculation is

$500 * 5% = ($500*5)/100 = $25

In other words, you will open a position with $25 and that’s the amount you will risk. The risk percentage will change according to the capital and strategies.

Money Management For Cryptocurrency Traders

Money Management For Cryptocurrency Traders-Binoption

If you are good at trading crypto, then it can be lucrative for you. It is an opportunity to work from home or from anywhere. For both manual and automated trading, money management rule is necessary to follow.

In one sentence, you are just managing your risk from the volatile financial market. Every professional trader uses this word money management when talking about bitcoin or other crypto assets.

The below points are mandatory to follow by crypto traders:

  • Use a small percentage of your capital for each trade
  • Plan for an estimated trade duration
  • Position size
  • Don’t fear of losses
  • Knowing the risk and reward ratio
  • Create a trading plan
  • Get trading market updates and monitor wisely

Advantages Of Money Management

A trader may find a balance between the potential profits and loss. You have a small chance to make money if you don’t apply the money management rule. Moreover, you can only make a successful trading plan by following a rule book.

There are some noticeable advantages available in the money-management rule. These are:

  • Prevent traders from extra trading loss
  • Reduce trading risk
  • Increase the opportunity of the investment amount
  • Eliminate trading emotions

Final Words

Whether you are a professional trader or not, a profitable trading plan is essential. It is the best tactic to get your finance under control. On the other hand, the strategy will help you to get the most return on your income.

Moreover, it is a key concept that most novice traders should understand and learn to apply. Unfortunately, traders overlook this topic and only concentrate on figures. But in reality, trading has nothing to do about gambling.

As a trader, you are not looking for a jackpot. So, stop blaming your luck!

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How Effective BinBotPro In 2020: Expert Analysis

BinBotPro In 2020-Binoption

How Effective BinBotPro In 2020: Expert Analysis

BinBotPro in the 2020 article will provide you with all the reason to trade with this trading robot. The trading bot is undoubtedly profitable for both novices and experienced traders. 

You can trade binary options on both Forex and crypto pairs. Unfortunately, traders from the USA still cannot grasp the benefits of BinBot Pro. Because this trading software does not support traders from the USA. 

Regulated brokers like Binarycent and Raceoption support BinBotPro. 

As the cryptocurrency market is showing a positive vibe, so it is wise to trade the most profitable asset Bitcoin along with other forex assets in the BinBotPro platform. 

Through our blog post, you will get to know the past year trader’s trading experience via this trading bot along with future forecasts. Moreover, this article contains expert statements on Bitcoin with analysis. 

Read till the end to find out the best trading time and strategy for BinBotPro.

What Is BinBotPro - Brief Review

BinBotPro is an automated trading bot for binary options traders. Traders can trade binary options on both forex and crypto pairs. You will find a lot of experts are selling their products but BinBotPro differs from other bots.

From 2016, BinBotPro is offering an automated trading solution. Some unique trading features make this trading bot fruitful for traders. The profitability of the listed robots is over 300%. Moreover, the return percentage as high as 90%. New traders can make large profits if they follow the proper strategy.

To start a live trading session, deposit a minimum amount of $250. However, the registration process will cost nothing. Along with the top robot list, you can create a bot with a custom trading strategy.

On the other hand, you will get a wide range of deposit and withdrawal methods. A dedicated customer support team is always there to give you the ultimate solution. BinBot Pro supports three regulated brokers. Unfortunately, the mobile trading facility is still unavailable for BinBot Pro users.

If you want to know more about the platform, then read our complete review on BinBotPro. Or you can start demo trading by clicking the link below.

Open a demo account

High Capital Risk Is Involved In Financial Trading

BinBotPro Performance In 2019

This is the first and ONLY automated trading software that trades both cryptocurrencies  & Traditional Currencies all on one platform.

The past year’s trading result of BinBotPro was satisfactory. Moreover, we got many positive reviews from our existing clients. 

As per their statements, BinBotPro is an excellent choice for beginner traders in 2020. As we already mentioned, this automated trading bot is offering trading features from 2016. Till now, it is alive with all positive reviews. 

On the other hand, our team is trading with this software for over 1 year. We strongly believe that this software will help traders to earn over 6 figures if they properly execute trades.

However, traders solely responsible for their trades as they are not promising any fixed profit percentage. To find an alternative, we performed auto-trading with our listed trading robots and other robots are not on our list. 

Fortunately, we found it as one of the best solutions for binary traders. 

Live Trading Report

Most of our live trading outcome was more than $500 depending on the investment amount. In our strategy phase, we explained the best time-frame that we followed. 

In the beginning, we selected three robots from the list. Most of our positive outcome was generate by xProfit and RSIMA cross. These two are the most profitable robot as per analysis and it requires the minimum deposit of $1000 to $2000. 

And for Crypto ADX 2.0, we faced a huge loss. However, we found many traders who generate profits by using this robot. The major disadvantage of Crypto ADX 2.0 is, it gives terrible signals. We placed 5 trades and ended up with 3 looses. 

The learning point for traders from our report is not to place more than two trades per day. At the same time, do not risk more than one trade. 

Top Trading Strategy For BinBotPro In 2020

Strategy For BinBotPro In 2020-Binoption

If you are a day trader, proper strategies will help you earn money from BinBotPro. Additionally, it is possible to get more than the expectation from one trading session.

The money -management rules taught that investing 5% of your balance in each trade is quite risky. However, BinBotPro generally trades with 10% of your balance. But the money management of this trading bot is satisfactory because it will not force you to place more than one trade at a time. 

Weekend trading is not always successful for traders, as the major currency market like the New York Stock exchange remains closed. So, you should not place trades on the weekend. However, some small stock exchange around the world remains open. But you will find less volatility there.

You can trade from 13.00 GMT to 23.00 GMT from Monday. Because, the market stays a little bit more stable, at this specific time. In between these above-mentioned times, the market goes crazier from 17.00 GMT to 19.00 GMT. We don’t recommend you that time. 

Note that making a proper time adjustment is necessary, who doesn’t live in the GMT zone.

As we informed you earlier, for BinBotPro, the best robots are xProfit and RSIMA cross.

Additionally, you don’t need to change anything, if you select robots from the given list. Trade at any time you want, as there is no perfect or secret time to trade. However, it is wise to avoid mid-night trading.

Disclaimer: Do not take our statement as investment advice. Any trading decisions that you make are solely your responsibility

How To Always Win With BinBotPro In 2020

Profitable Trade With BinBotPro In 2020

Continuously winning with BinBotPro is only possible when a trader follows some trading rules. Like manual trading, traders need to check the market analysis for automated trading as well.

Traders need to pay attention to 3 bull news. Turning on the robot without having strategy, will not help you to make money. In one sentence, you cannot trade blindly by selecting random bot with a random signal.

Paying attention to the market news and economic calendar is a must. 3 bull news needs to be avoided because it is not good for your trading health.

For example, turning off all currency pairs that include Euro is recommended, if the Euro has 3 bull news. It will maximize your chances of winning trades.

The other important factor for winning trade is to choose indicators carefully. There are 6 different indicators available. But you should not use all of them together.  Using more than 3 indicators at a time will confuse the system.

Set the level of the indicators wisely. It is nearly impossible to lose if you set the CCI and RSI indicators to a level of 2, and RVI indicator to a level of 1.

Finally, you need to control the trading emotion. Trading emotions are too bad for traders. Traders either get too much excited after winning trades or, sad after losing money.

It is wise not to look at the trading window all day long while performing trades. Just monitor trades from time to time and do other works. 

Trade with BinbotPro

High Capital Risk Is Involved In Financial Trading

Bitcoin Price Analysis – Expert Shares

Bitcoin holder will see life-changing profits in 2020 as per the analysis. Bitcoin is still slowly climbing up. And it will keep moving up throughout this year.

In the year 2019, the major cryptocurrency has lost more than 30% of its value. But experts agree 2020 would be the year of Bitcoin, so trading with Cryptocurrency, especially Bitcoin will rise a lot in this current year.

According to the Antoni Trenchev, Bitcoin could go to $50,000 by End of 2020.

He also stated that

Bitcoin is an incredible asset, in the overall financial market. At the same time, it delivers a systemic asymmetric return.

We have already attached the video above.

Vince Prince, Financial Analyst Of TradingView

According to another analyst Vince Prince, 2020 will be a bullish year for Bitcoin. In his analysis, he describes the price direction of the full year from 2020 to the end of 2021.

He used all important indicators along with support and resistance level to analyze the future price of bitcoin.

Let’s have a look what other experts say about Bitcoin price movement. We have collected these expert statements from a powerful website called Cointelegraph.

Paolo Ardoino

He is the Chief technology officer of Bitfinex.

I don’t expect Bitcoin to drop below $6,000. We might see some FUD before the Bitcoin halving. By the end of 2020, I think the Bitcoin price will be at least $20,000.

Adam Back, CEO of Blockstream

I have previously commented that I thought $250,000 to $500,000 would be plausible in the longer term. I think there is a good prospect of exceeding the previous all-time high of $20,000 in 2020, as the effects of the halving and technology fundamentals come to bear, perhaps reaching as high as $100,000.

Benedikt Bünz, Co-founder of Findora

As per his analysis, the price of bitcoin will be between $1,000 and $1,000,000

Marc P. Bernegger, Fintech investor at Crypto Finance

The bitcoin price will be a maximum of $55,000 and a minimum of $22,000. 

In addition to the halving and inflow of institutional funds into crypto assets, I consider the macroeconomic situation to be a strong driver of the Bitcoin price.

In a financial market completely distorted by central banks, Bitcoin offers one of the very few hedging opportunities, which is increasingly realized by traditional investors.

It would not surprise me if in 2020 some of the bubbles created by the artificial glut of money burst, which will give Bitcoin a significant boost as an alternative asset class.

Changpeng “CZ” Zhao, Founder and CEO of Binance

There are many different perspectives on the future of the market. Bitcoin is still a small market cap instrument, so there will be high volatility in the short term. However, if you look at the fundamental technology, the longer-term view, about a five-year or 10-year horizon, we’re very confident that Bitcoin and cryptocurrencies are here to stay. In fact, blockchain will have a bigger impact on society than the internet. The industry will get bigger — and when the industry gets bigger, the price will go higher. We are also seeing an increasing amount of interest from institutional players, which also indicates a more bullish market in 2020.

Zac Prince, CEO of BlockFi

Max: $60,000

Min: $5,000

I think we could see a substantial upside after the halving that triggers a new wave of capital that drives the price to another major parabolic cycle. I don’t think there are many downsides below current levels.

John deVadoss, Head of development at Neo

The value of asset forecasting is to make election polling look good.

In all seriousness, the motivation in investing in BTC (and crypto at large) is in relation to its benefits over the competition. The best performing asset of the past decade has been BTC; I don’t see why there cannot be an encore over the next decade.

Benefits Of Trading Bitcoin With BinBotPro In 2020

Benefits Of Trading Cryptocurrency With BinBotPro-Binoption

Trading bitcoin will give you an incredible return. With a specific strategy, you will become a millionaire with crypto trading. On the other hand, major cryptocurrency like bitcoin may be a safer alternative for traders. It will offer you a level of independence where your money is yours alone.

You can either trade Bitcoin manually, or also can trade automatically. Along with the binary options, BinBotPro is the best cryptocurrency software that generates 700% higher income than other trading software. You will get all major crypto pairs which are the top source of income.

Traders don’t need to change the build-in settings of this trading robot. Just check the market and news events before executing trades. On the other hand, you will also find other trading software to trade cryptocurrency.  But, BinBotPro is way better than other software in terms of generating profits.

Trade bitcoin

High Capital Risk Is Involved In Financial Trading

Our Recommendation

Finally, we recommend that trading with BinBot Pro is effective with the right and proper strategies. Invest your money into income-producing assets instead of holding a greedy mentality. 

It is also noticeable that to enhance balance, a trader needs to follow the money-management rules strongly. Select one robot that will give you the desired income level instead of trading with two or three robots.

Based on a pre-defined income level, you can double or even triple your result in one day. So, fund your trading account with an initial deposit to start with!

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Possibilities Of Trading Binary Option In 2020

Binary Option In 2020-Binoption

Possibilities Of Binary Option In 2020: Is Trading Worthy Or Not

If you want to become a professional trader on binary option in 2020, then this blog will help you to know more about this trading world. We designed the whole blog with updated news of binary worlds along with the previous history.

The leading attracting part is that we will show the top profitable brokers and automated trading application that generates profits.

On the other hand, we are working on educating our traders globally with trading guides and binary strategies. Furthermore, novice traders need to increase their experience level, as they are newly entering the financial industry.

Let’s start with a brief introduction to binary options and the trading process.

What Is Binary Option:

What Is Binary Option-Binoption

A Binary Option is an exotic trading type that simple and profitable for traders. The financial instrument allows traders or investors to predict the future price of an asset.

At the same time, you can consider binary options trading is a new form of making money online. However, there are several ways to generate money from home but, this particular trading type will add more value to get profit.

As there are no fixed rules or magic wand for traders, so you need to understand the market to trade profitably.

Binary traders already know the return percentage before placing the trade. Additionally, in options trading, the outcome will depend on your correct prediction.

If you are completely new to the binary world, you can read what is binary options article, to know the basics of options.

History Of Binary Options

History Of Binary Options Trading-Binoption

To know the origin of Binary Options, you have to go through the history of this trading type. In 2008, binary options were first introduced publicly as a tradeable asset. Binary Options was approved by the Security Exchange Commission (SEC)

Before that, in 1974, the Chicago Board Options Exchange (CBOE) was officially launched binary options.

Besides, 2008 is a memorable year for traders because in that year a lot of symbolical financial stability collapsed one by one. So, traders took this trading type as a low-risk investment at that time.

Fortunately, at the same time, it gained popularity among people as there are no additional alternatives.

In the same year, people can trade publicly binary options on the American Stock Exchange (AMEX). After a few years, people consider the binary option as the semi-investment product. So, at that time, it was only open for banks, other financial institutions, and over the counter marker.

A few months later, some trading platforms were introduced such as 24option. Until then, the regulation was not an essential part of traders. However, at this moment, people are more likely to use a regulated broker rather than a deregulated broker.

On the other hand, in the year of 2009, the first binary options exchange came into the market whose name was Northern American Derivatives Exchange (NADEX).

After a while, CySEC classified binary options as financial instruments in 2012. But, unfortunately, a joined investor alert was issued by the CFTC and SEC, in the year of 2014.

From 2015 to 2019, Binary Options faced a lot of problems in the different regions due to the weak regulation. Fortunately, history does not disappoint yet and the industry got active traders almost the same as Forex Trading.

Is Binary Options The Greatest Source Of Earning?

Attractive benefits of binary trading make this trading type special among traders. Especially for day traders, options trading is the best earning source. Thus, it carries a high risk if your prediction goes wrong.

Statistics show that the majority of a trader’s profit percentage is more than 90%. Moreover, it will increase your chance of profit if you follow a correct trading pattern. .

Meanwhile, a demo account is the right choice to try out different trading platforms, implement knowledge with zero risks.

At the same time, regulated trading brokers are also necessary for traders to perform scam-free trading. Note that you don’t need to be a professional trader to start binary options.

But, being professional day by day will help you to achieve the highest success.

Quick Overview Options Market In 2018

The significant changes happened in 2018. All broker’s platform has changed its trading platform and made it more transparent than before. From July 2018, traders from the European Union were no longer able to trade on invest with binary options. However, the ban was temporarily for traders imposed by ESMA.

But at the same time, traders from other countries could easily trade binary options using off-shore or in-house brokers.

Fundamentally many expert traders and analysts were dissatisfied after this action taken by ESMA. After this action, many brokers began to explore the market outside of the EU. And many unregulated brokers took regulation from the regulatory bodies.

On the other hand, traders from the EU has two choices. Either they can perform trade via an unregulated broker, or they can choose regulated off-shore trading platforms. Unregulated platforms are not safe at all. At the same time, only ASIC regulated firms are still accepted for EU traders.

Note that if you open an account as a professional trader, then it is possible to avoid the ESMA ban. ESMA took that action only for retail traders, not for the professional.

Here to register as a professional trader, you have to prove a certain level of trading experience. And all these were to save trader’s investment from scam activities.

Quick Overview Options Market In 2019

Quick Overview Options Market In 2019-Binoption

In the year of 2018, ESMA confirmed that they would extend the ban till 2nd July 2019 and they took the decision on 18th February 2019.

Binary options trading in 2019 was way more successful than the year of 2018. However, still, options trading is not fully regulated for some countries.

Lee Elbaz was a former binary options executive who constantly lied to investors and implements unethical behaviours on July 18, 2019. Moreover, Lee Elbaz and her team lied to investors in order to make deposits as much money as possible. She was a CEO of an Israeli company, Yukom.

On the other hand, two popular regulatory bodies FCA and CySEC listed multiple websites and flagged them. At the same time, these regulatory bodies warned investors to stay away from those platforms.

Binary Option In 2020

We have just started the year of 2020. Thus, binary options banned in many countries, you can continue to make money in 2020. At this moment, the USA economy is showing a positive sign of the overall employment rate.

To avoid the ESMA ban, you can open a professional account, if you are from the European Union. But the account holder must meet two or three below criteria:

  • Per quarter, open 10 or more trades or the equivalent of €150 or more.
  • Assets of €500,000 or more
  • Worked at least two years in any financial firms or have experience of financial products

In the same way, in 2020, the USA options traders will be benefited by two new contracts on nonfarm payrolls and weekly jobless claims. These two contracts have launched by Nadex. 

Based on expert economic forecasts – traders can buy or sell contracts depending on their own predictions.

You have heard about the gambling fact of binary options. Apart from a few sites, all binary options trading websites are getting regulated by the different regulatory bodies. 

However, It is an incorrect perception if you think only this trading type is gambling. Because any investment opportunity is gambling.

The actual problem of binary options is the lack of regulation. However, the industry is following the same path as the forex market. Years after years, this industry is blooming and throwing out all non-regulated participants. 

After analyzing the market, we can see that the trading type will gain more popularity in this present year. Also, a lot of platforms are transparent and safe to trade. So, you can take this under advisement that the binary option is going to be a profitable source of earning. 

Additionally, we will mention a few profitable trading brokers and automated binary bots below. 

Best Trading Brokers In 2020

To make living trading binary options, you just need a right broker, effective trading strategy, a proper trading map, and willingness.

We are recommending the top and best trading brokers for 2020, depending on the current trading results and performance. If we find any negative results through our analysis, we will immediately update that. 

IQ Option, Binary.com, and BinaryCent are leading the binary market. These brokers are regulated and offer various features for traders. 

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

Best Automated Trading Bots In 2020

Automated trading bots or trading applications are useful for traders who want to avoid manual trading. In terms of accuracy and performance, trading robots are holding a strong grip on the financial market. 

The following trading robots have been tested by us. After seeing the result and profitability, we recommend them for auto trading: BinBot Pro, Binary.com Auto trading Bot and DaxRobot

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

Regulation For Different Regions

Regulation For Different Regions-Binoption

Binary Options grows day by day and across the world, traders mainly search for a regulated trading platform. The major advantage of a legit platform is, it will offer a safe trading environment among traders. On the other hand, via a regulated platform, you can avail of many unique features.

Let’s have a look

UK Regulatory Body:

Traders from the United Kingdom can trade with brokers who are regulated by Cyprus Securities and Exchange Commission (CySEC) and registered in Financial Conduct Authority (FCA). These two are the main regulatory bodies in the UK.

Moreover, these regulatory bodies will give you an extra level of protection. However, traders from the UK have the freedom to choose brokers from anywhere. But it is advisable to choose a European based regulated platform.

USA Regulatory Body:

Traders from the USA have a chance to choose a limited number of inhouse regulated brokers. Most of the cases, offshore brokers don’t provide their service in the United States. If any platform wants to start service in the USA region, then they must have a license from the Security Exchange Commission (SEC).

Nadex and CBOE are the only two licensed brokers that offer competitive asset prices, a wide range of trading assets, and a secure trading environment.

Many traders want to trade with an off-shore broker by changing their VPN. You can trade in this way but while withdrawing your profit, you will face lots of complications.

So, before investing money, please read the terms and conditions of your desire broker.

Australian Regulatory Body:

In Australia, binary options trading is not illegal or banned for traders. A broker must take a license or approval from the Australian Securities and Investments Commission (ASIC) to run their trading business as an in-house trading broker.

Other Regulatory Bodies:

If a trader wants to trade with brokers based in Cyprus and Israel, make sure you check whether they are regulated by CySec or not.

For Dubai and the rest of the UAE, binary option trading is regulated by the Dubai International Financial Centre (DIFC). Also, more than 57 companies are listed under DIFC.

You can also trade options from India, Pakistan, South Africa, Malaysia, Kenya, New Zealand, Nigeria, Vietnam, Indonesia, Philippines, and more. Each has its regulatory bodies depending on the government rules.

Fortunately, binary options trading is legal for Russian traders. But as a Russian trader, they have two options only.

Either they can trade with a local binary options brokers or can trade regulated off-shore binary brokers. There is no chance to trade with an unregulated broker.

Is Trading Binary Options Gambling For Traders In 2020?

We already mentioned the gambling terms shortly in our previous phase. 

After reading the full article, we found that the expert contributor’s father faced a problem with binary options. Based on that the author was alerted to the phenomenon of binary options. We should point out that this is an opinion based article. At the same time, we also admit that it is a respectable article because it’s written on a famous and trusted platform Forbes.

Without a strategy, binary options trading is pure gambling. A lot of platforms offer a short expiry time. Traders often failed to predict the right price movement within a limited time. So, we would like to recommend you to start from 2 minutes of the expiry time. 

Another major cause why investors lose money is to choose an unregulated broker.  In 2020, you can also avoid gambling activities by using careful analysis and planning. 

A gambler always relies on luck and mixed out the risk. But you have to select the asset that has the chance to give you positing return. 

Final Words

Finally, we are concluding our long analysis of binary option in 2020. In our opinion, you can allow your pocket to get more money from binary options trading. 

Choosing exotic options for long-term profit is only possible if you follow tricks that professional does. 

You will probably end up with zero balance if emotions come. So, minimize the level of risk with money management rules. Plenty of trading application is available to help you out. 

Visit our website to learn basics about binary trading and follow our social channel to get updated on recent news and education. Appropriate trading education will boost up your confidence and help you to become a professional trader. 

Happy trading!

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How Do You Successfully Trade On Binomo

How Do You Successfully Trade On Binomo-Binoption

How Do You Successfully Trade On Binomo

Trade on binomo with different unique features are not comparatively new for traders. Binomo is running their trading service for more than 4 years. They have started their journey in 2014 with a moto to introduce an innovative trading platform with low investment. 

However, to start with any trading platform, it is wise to know the ins and outs of that platform. Additionally, finding whether the platform is regulated or not is also necessary. In our Binomo review, you find all sorts of information regarding this broker. 

Moreover, Binomo is a great platform for earning easy money. Through this blog, mainly a new trader will know the steps to trade successfully on the Binomo platform. 

Let’s start!

What Is Binomo

Binomo Review - Binoption

Binomo is a regulated trading platform that is owned and operated by Tiburon Corporation Limited. This award-winning broker has many unique features that make the platform more acceptable among all types of traders. 

Furthermore, binomo received two major awards as the best brokers and best brokers for beginners. In 2018, they listed themselves as a Catagory “A” member of the International Financial Commission.

The initial deposit amount is too low for novice traders. You just need to deposit $10 to start trading on the binomo platform. Through the binomo app, you can trade from anywhere you want at any time. 

Those who operate trading through a computer or laptop does not require to download the platform in your device. Traders can comfortably operate trading via the web-based platform. 

Via the trading platform, you can trade options of cryptocurrency, indices, commodities, and more. 

How To Place Trade On Binomo

Placing a trade with the binomo platform is easy. However, you have to analyze the market carefully before placing trades. 

Those who are new in this field, still don’t know how to place a trade on Binomo platform. So, you can follow these below steps to open a contract and get profit. 

Open An Account:

First of all, you have to open an account from their official website. After filling the registration form with your valid details, you will be redirected to another page. You can either start with a demo account or can open a real account by depositing the initial amount. 

The company will ask for the verification of your account if needed. 

Trading Platform Overview:

You will get to know the details about the binomo trading platform from our review. To read the review, you can click the below link. 

After funding your account at lightning speed, the trader will get a bonus amount depending on the deposit amount or account types. 

Check the review

Place A Trade:

From the trading terminal, choose the best trading asset. You will find the approximate profit percentage with price quotes. Conduct a market analysis using the analysis tools from the binomo terminal and predict the price of your trading contract. 

Traders use trading indicators and charts as analysis tools. 

On the other hand, you will also available strategy from the strategy portion.  Set up a trading contract with a specific trading amount and expiration time. 

Lastly, click on the special trading button and wait for the expiration. 

Successfully Trading On Binomo Platform

Always remember to use a proper and skillful trading strategy to get the best outcome. On the other hand, proper money management is also needed for traders to avoid loss. 

On the other hand, you will find a zero trader who didn’t face any loss while trading. You can easily overcome your loss if you follow some steps. At the same time, you can’t count trading as gambling. Trading is a work where you have to get experience.

Let’s have a look at how to trade successfully with  one of the most professional and efficient trading platform named Binomo: 

  • Try to trade systematically. Allocate your total time for working on a platform. 
  • Carefully choose the inial amount. Remember, the higher the amount, the lower the damage. 
  • Try to have proper capital management. Furthermore, we recommend you to keep the total amount of all open trades to no more than 15% of the balance.
  • Set your daily loss limit. Never exit the amount. 
  • Spend more time to gain knowledge. To avoid losing your money, it is wise to train yourself regularly. 
  • Control your trading emotions

Final Words

Remember these avoid six points and follow these points at least to test the outcome. We can guarantee you that the trading will be easier for you. At the same time, the number of successful trades will be increased. 

Start trading with Binomo right now and we wish you a profitable and safe trading environment with this licensed broker. 

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Is IQ Option Legal In USA?

Is IQ Option Legal In USA-Binoption

Is IQ Option Legal For The USA Traders?

IQ Option is a trading broker for options traders. This legitimated and trusted platform is a great source for traders to learn binary options trading. Moreover, you can earn money from a little investment.

For the USA citizen, Binary Options trading is not illegal. You can trade with a U.S regulated platform. However, a vast number of traders are still operating their trade with offshore brokers. 

Through this article, you will learn why IQ Option is not legal for the USA traders.

Let’s start.

What Is IQ Option

 

IQ Option is a popular options, CFDs, and Fx broker with an excellent trading platform.

Since 2013, IQ Option has been successfully operating its business in the trading market with the best trading instruments and classes. The initial deposit amount is as low as $10, which is an amazing fact for novice traders.

Moreover, in case of correct prediction the maximum profit rate is 93%. Apart from these, the broker platform has numerous lucrative features, which helps traders in their trading.

Not only IQ Option, But also for other’s trading platform, you can read authentic reviews from our broker’s section. 

 

Is IQ Option Legal In USA

 

Unfortunately, IQ Option is not available for the U.S traders. That means, they do not accept any traders from the USA territory. IQ Option is based in Antigua and Barbuda.

So, traders from multiple countries can trade using this legit trading broker.

However, you can only use proxy servers from other states that will allow you to use the IQ option. But, it is not legal and wise to follow. 

As per the U.S law, brokers regulated by CFTC are the only brokers allowed for the USA traders. So, except for IQ Option, you are only permitted to trade binary options with the U.S regulated platforms.

 

Conclusion

The regulation system is quite strict for brokers who want to operate their business in the US territory. On the other hand, to protect the confidential information of clients, customer accounts should be strictly separated from broker accounts. 

However, IQ Option is becoming very popular for other countries except for the United States. Lastly, IQ option is a great trading tool no matter which place you are belonging to. 

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Why Support And Resistance Level Is Essential For Traders

Why Support And Resistance Level Is Necessary For Traders-Binoption

Why Support And Resistance Level Is Essential For Traders

Support and resistance level mainly helps traders to understand the asset price movement depending on the market trend. These technical analysis tools are widely used by Forex traders. However, it is essential for different types of traders. 

To understand properly, first, you need to know how asset price moves. 

In this article, you will find a short introduction with the necessity of support and resistance level. Let’s start with a simple definition. 

What Is Support And Resistance Level

What Is Support And Resistance Level-Binoption

Support and resistance are the two levels of the price, at which the price will tend to stop or reverse in the Forex market. These levels are denoted by multiple touches of price without a breakthrough in the level.

These are also highlighted with angled lines called trend lines. Support occurs when falling price stops, changes direction, and begins to rise.

On the other hand, Resistance is the level, where the rising prices stop, change direction, and begin to fall. Moreover, you can easily assume these two terms.

The below information will give you a clear picture of these two trend analysis tools. 

Support level can be described as the “floor” which is supporting or holding up prices where resistance level is the “celling” keeping prices from rising higher.

When the price breaks the support or resistance level, it continues to make another support/resistance level. It is a common scene in the Forex market.

Major Importance Of Support And Resistance Level

The necessity of these two levels is worth mentioning. Traders pay attention to these two levels as they highly influence the stock price.

Traders usually can buy at a support level and sell at a resistance level. The support level helps traders to predict when to take profit.

If he has been short where the resistance level, helps to predict the time to take profit if he has been long.

Furthermore, Support gives the traders an exact picture of what price levels should prop up the price in the event of a correction.

Conversely, predicting the resistance level can be helpful as the price level can be harmful for a long position, an area where investors possess a high consent to sell the security.

Moreover, these levels are essential for technical analysts. They use these levels to assume the price points where the probabilities favour a pause or a reversal of a prevailing trend on a treading chart.

The trendline helps to set apart a longer-term trend. And also trendline guides the direction to trade-in. Let’s discuss it with an example.

If the trend is down but still a range develops, then instead of buying at a range support preference should be given to a short-selling at range resistance.

Here, the downtrend let us know that going short has a better probability of producing a profit than buying.

If the trend is up and then a triangle pattern develops, favour buying near support of the triangle pattern.

Lastly, buying near support or selling near resistance can pay off, but there is no assurance that the support or resistance will hold.

Therefore, consider waiting for some confirmation that the market is still respecting that area.

Conclusion

On every time frame, scalping, daily, weekly, and monthly, Support and Resistance levels are focused in by traders.

Knowledge of these levels could keep a trader on the correct side of the market. If you are looking for a platform to trade, then you can visit our regulated trading brokers comparison list.  

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7 Worst Trading Mistakes That Can Make You Bid Farewell To Trading

7 Worst Trading Mistakes-Binoption

7 Worst Trading Mistakes That Can Make You Bid Farewell To Trade

Trading mistakes usually happen when traders are new in the trading field. There are many types of mistakes traders make, depending on their expertise. 

Continuously mistakes can increase your loss, and you will no longer be able to make money from the trading market. 

This particular blog is designed for beginners with trading mistakes. Moreover, we will give you a solution to those mistakes. Apart from this, we are also encouraging you to read 7 Tricks at Binary Options trading article, if you want to be a professional options trader. 

7 Worst Trading Mistakes That You Need To Avoid

Hey traders!

Here are 7 biggest mistakes that can make you bid goodbye to trade. So be cautious!

Learning Is A Pillar Of Success:

“A little learning is a dangerous thing” this proverb is perfectly applicable to those traders who start to take himself as an enough skilled trader.

When a person thinks in this way, it automatically hinders him from explore or learn something more in every sphere of life.

In the business field, it’s obvious as he starts to underestimate what it takes to be a profitable or successful trader. A novice trader must have to keep studying charts and learning new trading methods as well.

Here, Preparation is the key.

Emotional Involvement:

Most often, beginners become emotionally involved in their trade deeply. It not only affects their trade but also ruins their whole trading career eventually.

Only those who can control their emotions are the winners at the end of the day. So, don’t ever let the profit run just out of greed and cut your losses.

It’s better to look forward to keeping a forever-existing mindset, rather than seeking for more and more profit.

Lack Of Trading Record:

It’s really important to maintain a trading record or diary to keep everything in the thread. A record of every single trade certainly helps a trader to remind every single detail of the trade. 

You can revise your previous trade when it’s necessary. As no one can remember everything.

Unrealistic Expectations:

New traders often do have some unrealistic expectations while trading. They often anticipate how much they’ll make from a particular trade from starting.

It can be very dangerous. So, a neutral attitude is mandatory.

Blind-Following Attitude:

Those mechanical tools are made to assist you, those tools won’t think for you. You have to make your own decision according to your strategy. Just like you, all other traders are also using the same tools.

So, how can you possibly get some better results than others from the same tools without having a unique plan?

Too much dependency on mechanical tools is harmful to traders. As we mentioned before, these tools will only assist you. So, it is wise to make proper and unique trading strategies. 

Improper Trading Timing:

Identifying the perfect time is an outstanding key-point of becoming profitable in the trading field. However, the trading time will depend on the trading assets. 

Not to place a trade in proper time can make the trader regret. So, it’s essential to keep in mind.

Risk-Reward Ratio:

Calculating the risk-reward ratio before placing a trade is noteworthy. So, it is a common mistake that enough for losing all money at a time. Always keep the ratio 1:2, cut your risk into half of the reward.

It will relieve you from excessive pressure.

Conclusion

Finally, the trading environment could be worst when you make mistakes almost every day. Having improper trading plans indicates that you are gambling. On the other hand, you can use a demo account to improve your trading results. 

Hopefully, this blog will help you to avoid these mistakes from your daily trading life. 

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Trading Analysis: Combine Fundamental And Technical Analysis

Trading Analysis Technical And Fundamental-Binoption

Can You Use Both Fundamental And Technical Analysis?

Trading analysis is great way to know what to trade and when to trade. Novice traders often get puzzled about what should they use for analyzing the market.

On the other hand, experienced traders use technical and fundamental analysis combinedly to gather information from the market.

Before that, traders have to learn the basics of two analyses. In this blog post, we will give you a short description of Fundamental and Technical analysis. We will also show you how to use these two complementary types of trading analysis together. 

So, to make you understand, we will start with a short description of each of them with features. 

What Is Technical Analysis

Technical analysis is a method where you have to use the market data with past prices to predict the future price. Forecasting the future price is the main objective of Technical analysis.

Moreover, you have to use different charts and graphs to identify future assets’ prices. Traders can determine the optimal entry and exit points of trades, by using support and resistance levels. 

Furthermore, technical analysis indicators also help traders to find out the most appropriate open and close points. You will find a wide range of trading patterns and signals to support technical analysis trading. 

By providing useful information, this analysis help traders to predict the direction of upcoming trends. However, the price chart cannot provide extensive information.

What Is Fundamental Analysis

The fundamental analysis is helpful for traders to forecast the asset price by using real-life events. The asset price can affect depending on what type of corporate news will release.

Furthermore, via fundamental analysis, traders analyze the financial health of a particular company. So, you have to analyze the income statements, balance sheets, cash flow, and other publicly available documents for that. 

It is mandatory to state that good news will always positively affect the asset price movement. On the other hand, bad news will negatively affect the intrinsic value and drag the market price down. 

How To Combine Technical And Fundamental Analysis

As we said earlier, expert traders use these two analyses together before opening any position. However, you will find some differences between fundamental and technical analysis. 

To predict the future price, you don’t have to research on economic data on technical analysis trading. On the other hand, you don’t need to choose any of this between these two trading analyses. Both are useful for traders. 

For new traders, it is not an effortless task to combine technical and fundamental analysis. Keep track of recent trading volume. It is wise to check the activity of other traders as well. 

Traders can use the volume indicators to check the trend. You will get the signal of an upcoming trend reversal when the trading volume goes down. Similarly, the trading volume will go up when a trend gets momentum. 

Additionally, if you use fundamental analysis as the primary analysis tool, you may also use technical analysis for making strategies. 

Basically, traders can combine the principle of fundamental and technical analysis. As per the IQ Option analysis team

Traders can trace the connection between fundamental events and signals, received from technical indicators, and use it to spot certain patterns. 

Conclusion

In summary, it is equally important to use these two trading analysis methods for traders. One of the analysis will help you to predict the future after analyzing past performance. At the same time, the other one will sift you towards future events. 

But, you have to know how to merge these two methods to avoid any financial risk. You should also remember that it is impossible to estimate the 100% correct future price. 

TRY FOR FREE

High Capital Risk Is Involved In Financial Trading

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Alligator Indicator: Winning Strategy For Binomo Platform

Alligator Indicator-Binoption

Winning Strategy For Binomo Platform Using Alligator Indicator

Alligator indicator is commonly used by traders to make a trading strategy. However, it is a great tool for Forex Traders. But, as options traders, you can use this indicator to make a successful trading strategy that helps you to win a trade.

Moreover, Binomo is a trading platform that allows you to trade options and forex. You can perform trade using different winning strategies.

You can use this strategy on different broker’s platform. We choose here Binomo, as we have a noticeable number of traders who trade through this platform. 

So, this blog post will help you to know how to use the Alligator strategy on the Binomo platform.

What Is Binomo Platform

As we already mentioned that binomo is a trading platform where you can place a trade to earn money.  To make your every trade successful with binomo platform, it is mandatory to follow some trading tips and guidelines.

The platform is user-friendly for all types of traders. You will get a limited number of assets. Moreover, the trading platform is specially designed for binary options traders. 

Traders can trade options on forex, cryptocurrency, indices, and commodities. The return percentage depends on the asset types. However, the maximum return is up to 87%. 

What Is Alligator Indicator

Alligator is an indicator invented by Bill Williams. Through this indicator, you can make a strategy. In that strategy, you have to trade after getting signals from 3 lines, which are moving average with a spin.

These 3 lines will help traders to predict the future movement of an asset.

Additionally, along with this indicator, the moving average is also a popular indicator for traders. By using this indicator, traders can make winning trading strategies. 

Settings Of Alligator Indicator

Settings Of Alligator Indicator-Binoption

Open the Binomo trading platform and select the chart preferences. From the list, select “The Alligator” indicator.

  • The green moving average is the lips of the Alligator and is set to 5 periods and offset into the future by 3 periods.
  • The red moving average is the Alligator teeth and is set to 8 periods and offset 5 periods into the future.
  • Blue represents the jaws of the Alligator and is set to 13 periods and offset 8 periods into the future. 

Note that you don’t need to change or modify the existing settings. Keep it as usual and start trading after setting your investment amount and expiry time. Binomo is a place from where you can earn easy profits on binary options. 

How Alligator Works

Firstly, change the chart type to “candle”. After that, set the trading period in 15 sec.

Now choose the trading amount according to your risk preference. The investment amount should be 1% or 2%, according to the money management rules.

If you want to follow the alligator strategy, then keep the expiry time a maximum of 2 min.

Mostly, these 3 lines are known as trend followers. You have to follow 3 confirmation from these lines. If these 3 lines are upward, then you can place a trade.

Similarly, you can execute a trade, if these lines are simultaneously downward.

Placing trade is strongly prohibited if these 3 lines go horizontally. Because at the mentioned time, the market becomes volatile. It is difficult to predict the market duration, when it is not stable. So, placing a trade is not safe.

But, you can place a trade or should be in the market only when a candle closes above or below all 3 lines.

Note that you have to wait for the period. Sometimes, it takes more than an hour to build this in a graph. So, patience is mandatory while trading with the Alligator indicator. 

Build your strategy

High Capital Risk Is Involved In Financial Trading

Make Money From Binary Trading

Making money with binary options trading is possible if you follow particular rules. It is our all-time recommendation to start trade with a demo account.

However, you can’t withdraw your profit amount from a demo account. The account is only for practicing a trade. After starting with a practice account, when you have confidence that you can win trade, only then start investing real amount.

But, invest a very little amount and try to withdraw your profit. Moreover, try to follow the proper strategy with a clear vision.

Conclusion

In the strategy, the most important part is, when these 3 lines are mixed. As we informed you earlier, no trade is possible when Alligator sleeping.

At this time, no trading signal is present. You should follow the above instructions if you want to make money by using the Alligator strategy. It is important to stick on your trading plan and ensure risk management.

START TRADING WITH BINOMO

High Capital Risk Is Involved In Financial Trading