Binary Options And Trading Software

Trading binary options is a rather new but one of the simplest investment strategies. You don’t have to be a finance guru to make some extra money, however, you still need to know what you are doing. Let’s look at the basics involving binary options trading and how to get started.

What Are Binary Options?

Binary options, or digital options as they are also called, are options that only have two outcomes. You can either make lots of profits or lose it all. When you are trading these options, you need to predict whether the asset will go up or down during a certain time limit, you don’t really need to buy the asset. Some of the better known assets to trade are Equities (stocks) or Forex (foreign exchange).

There are two types of binary options you can invest in:

1. Call Options – this should be bought when you think the price of the asset will go up.

2. Put Options – this should be bought when you think the price of the asset will go down.

All binary options have an expiration time, which is usually quite short ranging from minutes to up to a month. Usually people trade with 1 hour or less options. This time limit is also one major benefit of this kind of trade – you can make money fast. Then again, if you don’t know what you are doing, you can also lose it fast.

Binary Options Trading Software

One way to stay safer, trade faster and hopefully make more profits is to use good binary options trading software. Using this kind of software has a lot of benefits.

First of all, the platforms are usually very easy to understand and use. Also, the software gives you all the real time market information you need to make your decisions and predict whether the asset will go up or down.

Most providers let you set up a demo account for free so you can practice before spending any real money, or they give you some money to practice with. It’s not rare to get an up to $300 start-up money for free to play around with and get a hand of the process. You can learn some strategies and develop your style without losing any of your own hard earned cash. From the software you get tips and tutorials to help you and give you support, all you need to do is sign up and download it or in some cases, just use it in your browser or on a mobile device.

By using binary options software you also get access to option signals that help you decide how the price of the asset will fluctuate. Still, it can’t do everything for you. You need to learn the ropes and find out how this market works, how to follow trends and which kind of strategy will give you the best outcome.

How To Choose The Right Software

If you are just a beginner, you need to choose a broker/software that is the easiest to use and understand, one that puts their clients needs first and provides great customer service. It needs to give you all the stats and signals to make your investment decisions easier.

The broker you choose also depends on what kind of assets are you interested in, for beginners it’s recommended to look for short term options involving forex. This is probably the easier to predict and understand.

Last but not least, the software you use must have fast and secure payment and withdrawal options – after all, you are in it to make money so you must be able to withdraw your funds quickly.

Conclusion

Investing is never easy, however, trading binary options has made it much more attainable for the average Joe. So if you are interested in learning the trade, find a good binary options software with a demo account and maybe some start-up credit to get you going.

What To Consider When Choosing A Binary Options Signal Service

You’ve probably been inundated with emails offering you Binary Options systems which guarantee profits from email marketers telling you that you have to get this new system to help you make big bucks but I advise you to tread carefully.

Here Are 8 Things To Consider When Choosing A Signal Service

1. Most Binary Options Systems are Software or Signal Services

Most of them are either software base or email signal services. Some of them are so manipulative that you will find it virtually impossible to unsubscribe even after marking them as spam.

2. Save your money and don’t buy the upgrades unless you know what you are doing.

I personally purchase everything coming on the market to do with Binary Options and can tell you now… Buyer Beware! Most of them are OK but if you rely on these alone you could loose more than your shirt. Warning: Do not buy the up sell or in laymen’s terms do not fall for the opportunity to upgrade and make more money. Most of them initially are selling you a currency base signal service but they tell you that you can double or quadruple your profits if you purchase their other product but unless you specifically trade stocks only buy the first product and opt out of the other offers. The option to do this is at the bottom of the page where is says, “No Thanks” take me to the offer and ignore the negative comment implying that you are a looser for not upgrading. I find this type of marketing extremely disrespectful and unnecessary.

3. Never use a signal service alone but combine with a basic trade entry strategy

As with most of these signal tools, I have requested refunds as they are unreliable and inaccurate. Some of them are just poorly configured making it virtually impossible to tell which signal to follow. I do not wish to name the ones to avoid but I can tell which one I am still using since April 2013. This is a signal service that has a super high accuracy, if used correctly. I also would like to let you know that I still stick to my basic strategy as it is the simplest entry criteria that I need to follow as I do not think that making things more complicated required to be successful. Combined with this signal service I use it to verify or notify me of an opportunity. Also it is important that you are able to identify entries on you own if you intend to go professional so the sooner you practice the sooner you will succeed.

4. Create a Signal folder to enable all your signals in the one place.

One thing I should point out is that initially the signals will appear in your Spam folder and it requires a few tricks to make sure they go where you want them to. I personally have a folder called “000 BO Signals” so that I can have this email folder open in a new window to show me when the signal appears. Each day I start trading I open the last signal sent so that any further signals will appear as unread. This will help you keep trade of new trades.

5. Stop the signal service from being sent to your spam folder

To get the signals out of the Spam folder firstly mark it as Not Spam. Secondly add it to your contact list if available if not you will need to reply to the email so that your email account will consider them as your contact. Next you will need to create a filter to add any future signals to the “000 BO Signals” folder. Gmail allows this quite simply but a YouTube search will show you how to do it if you get stuck.

6. Create a filter to make sure each signal automatically go into your Signal folder.

I use these signals while I’m online to check my charts and verify my entry criteria. As you would appreciate every second counts and entering a trade one minute too late or early could make the difference of a win or loss especially if you are like me working with under 10 minute expiries.

7. Use the signal as trade notification or reminder

It also help as I sometimes get lost or distracted while I’m online and need a gentle nudge to help me focus again. Unfortunately there is no sound available for individual folders as this would be really cool. Any Gmail developers out there that can make this happen with an individual folder notification On / Off button would be really helpful.

8. Choose you trade period and never over trade

Lastly choose a time period which suits your trading strategy so that you are not over trading but are getting significant trading opportunities.

Shoot for the Money: Binary Options

Binary trading options are highly powerful trades that have only been on the trading front for a few years. These types of options were once only for traders at big banks with large sums of money available for trade. Now, you can trade in binaries with deposits as small as $100, some places even less.

If you are knowledgeable about bullish (prices are rising) or bearish (prices are lowering) markets and commodities, and you have a handle on the markets, you can make money by trading in binaries. All you need to do is predict whether the market will rise, buy a call, and if the market goes up you make money. Or on the reverse, predict the commodity will fall within a period of time and you will also make money. It is as simple as those scenarios. You do not have to buy and hold, just trade in the direction of the market.

What are Binary Options?

At the beginning of your trade you know how much you risk and how much you will make in a specified period of time. Binaries have short durations of up to a few days or hours or even minutes. Positions close very fast and you know your results quickly.

Trading in markets in the old-fashioned way traders keep their positions unknown for a period of time. The prices on assets went up and down every day due to market fluctuations. With digital options (or binaries) you do not have fluctuations. You are either in the money or out of the money (hence the name “binary.”)

With just the click of the mouse you can trade large cap stocks and in the leading stock indices. You can also trade with currency pairs, silver or gold or oil and petroleum, and specific bonds. There is no other platform where you can trade stocks, commodities, currencies and indices quickly and simply. Remember that binaries are not proxies or even ETFs, they are real assets.

Trade in binaries and realize the simplicity and ease of use. You can train on platforms using software provided for free. This software and the platforms provide real-time quotations, monitoring, reporting and trading. Just make a correct prediction and you are in the money.

Determine whether or not your chosen commodity will go up or down. If you feel that prices will rise (bullish) place a call. If you feel that the option will fall (bearish) then predict a falling price. There are also options that stay within a range. You just need to predict that the asset will not fall or rise, just the vague range. Use the tools that are on your platform. Tailor them to your precise requirements, bid and shoot for the money.

There are currently no specific numbers concerning how many people have made money trading in binaries. But it is a fact that your chance of making a good profit is definitely higher than with traditional trading, many have come to find. And binary options trading is really exciting!

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