After being avid Binary Options traders for several years, we have now reverted to another form of online trading. Why? following extensive testing we find this new online trading platform to be more profitable, at least for us. You can find all about it here: www.bizmove.com/platform/
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 with this platform we noticed an increase of our successful trades and profits when compared to our former Binary Options platform.
Having said that, 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.
Unfortunately this platform does not accept US traders. Click Here! For the best performing Binary Options platform that does accept US traders.
Consider the following advantages and disadvantages when trading Binary Options (BO):
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 binary option can be a big advantage.
Short-time trading (daily, hourly) - with BO you decide what the expiry time of the option 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 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 BOs is very simple and straightforward, all you need to do is decide which of the two directions the asset will move, up or down.Trading binary options video
The main disadvantage of BOs trades 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 binary option brokerage. You buy the contracts from the brokerage, 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 brokerage firm 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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