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Revealed at last! The best kept secret among successful Binary Options traders
The Easiest Way to Make Money in Binary Options and CFD
Our Preferred Binary Options Broker
We currently trade at eToro platform. After testing several Binary Options and CFD platforms we find this one to be the most suitable for us. What made the difference is a unique feature that allow us to watch and copy the strategies and trades of the best performing traders on the platform. You can actually see each move the "Guru" traders make. This method works nicely for us. Since we started trading at this broker we noticed an increase of our successful trades and profits when compared to our former brokers. You may want to check them out.
Please note that all trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results. This post is for educational purposes and should not be considered as investment advice.
What's the most active binary options (BO) forum? where can we find a BO traders community where we can discuss and share BO issues? unfortunately I could not locate too many good active forums. I don't know why is that, maybe because BO investing is a young industry. I said there is not many binaries trading forums, but there are however several posibilities to discuss BO matters that are available for traders.
One forum that may be of interest is that at 'BO Daily', this is a site that covers various BO topics and has a pretty active community.
Some of the Forex forums also touch frequency on BO topics so you can start a BO discussion there. Such forums include: Babypips, DailyFX, ForexAbode and more.
Now while we mention BO forum, I'd like to stress the advantages and disadvantages of trading BO.
The advantages include the following:
Risk control - With BO the return on initial investment is fixed from the beginning, thus the amount of possible profit or loss is well known. Which means that you'll never lose more than what you expected and can determine your risk as completely as is possible. There's a limit on how much could be earned or lost in one trade. Because the rate of return is relatively high, and trade times are short, in the long run the fixed rate of a binaries option can be a big advantage.
Short-time trading (daily, hourly) - with BO you decide what the expiry time will be. If you are a fan of long-time investments, you can choose “end of the week” and “end of the month” expiry times. However, most traders would prefer shorter time frames.
Low minimum amounts - Binaries brokers have low investment minimums, thus allowing you to start with small amounts. With most online brokers you can start trading with as low as $20. If you are familiar with stock market trading, you probably know that you need a decent amount of preliminary investment capital, brokers, commissions, etc. Thus the possibility to begin trading with just $20 as well as the flexibility to pick your investment amount is certainly an advantages.
Online trading - BO are traded on online platforms and therefore you don't need any software downloads. Trading is available from anywhere, all you need is a computer and internet access. You simply enter your login and password and get straight to your personal profile page and start trading.
Simplicity - Trading BO is very simple and straightforward, all you need to do is decide which of the two directions the asset will move, up or down.
As to the disadvantages, the main disadvantage of BO is the level of "fee" that is paid to the broker, it is relatively higher than in other investment areas. Fee? What fee? well, it's not exactly a fee, it's more of a 'spread'. The brokers' "fee" is embedded in the business model of a BO brokerage. You buy the contracts from the broker, if you win, the broker will pay you out about 71% to 85%. If the contract expires “out of the money”, some brokers will refund a small percentage of the principal. The broker gets the difference between the sum that they keep on a losing trade and the amount they pay out on a winning trade.
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