24Option is one of the first Binary Options Brokers to arrive in 2010. 24Option is regulated and uses TechFinancials Trading Platform, which is considered one of the best trading platform available to date. 24Option has superior payout which’s up to 95%, this’s significantly higher than other Binary Options Brokers which offers payout varying between 71% […]
Talking about stockpair.com, we could consider it as the king of stock pairs trading in binary options. Besides regular assets like Forex Pairs, Commodities and Indexes, StockPair also includes the trading of relative strength between 2 stocks. Stockpair is very similar to Forex that we look at the relative strength of two assets and measure […]
TradeRush was found in 2011 but it already looks like a mature Binary Options broker. Traderush has their headquarters in Cyprus, I don’t think there’s a big problem since I’ve always been using broker from Cyprus, so far they’ve treated me nicely. SpotOption is their chosen platform with at least 85 different assets and a […]
OptionFair was first landing on Binary Options industry in early 2009 and it’s considered one of the older Binary Options broker around. Like 24option, OptionFair use TechFinancials trading platform, which’s tested and tried platform. The payout is up to 89%, and it’s considered one of the better one for payout. In fact, there’s only a […]
In respect of trading on cell phones, 24option is said to offer unrivaled services in this market segment. With this mobile version, you feel like your trading routines have never been easier. To get more compliments on this version, you can visit 24option website and application. The majority of the broker’s competitors also offer trading platforms on mobile phones but not all of them can be credited for the best and most trustworthy services. Hence, why do you risk your money with other brokers while you can approach 24option – a reliable veteran brokerage firm in the world of online trading? Coming to them, you’ll enjoy an effortless and trusted trading process.
It’s obvious that the debut of versatile and intuitive mobile trading version prove firm’s openness to challenges. While clients may provide multiple reasons for which the broker launched its mobile platform, the only one that the company has still held firm to is to make it easy for investors and traders to get access to their trading happenings on the go.
Just imagine how your trading life will better off with the possibility of trading while doing anything else. Only with an internet-connected smart phone, you’ll always keep abreast of how your investments are doing anytime and anywhere by logging in their site. Additionally, an online hotspot is not needed in this trading version. You just need to let your phone catch the Wi-Fi and then what you should do is to sit back enjoying your trading. One more thing, you’ll be able to trade all the time with a smart device connected to the Internet even when you’re in bed.
You’re able to make any change when you feel it’s necessary through your smart phone. Obviously, trading binary option with 24option now is not like staying at home with internet-connected desktop but like going anywhere with a smart phone on your hands.
Having its headquarter in Cyprus, 24option is no longer a new broker to present binary traders. This is because the firm takes the initiative of offering frequent promotions to its clients. Traders always find out some incentives in the form of cash prizes offered by 24option in their self-hosting competition every month, which are valued at 6-figure numbers of dollars. 24option used to be owned by CBAY Financials until its merging with Rodeler Ltd has changed the broker into a property of the latter company since the end of last year. The brokerage firm has been operating under the regulation of and the license no. 207/13 issued by the Cyprus Securities Exchange Commission (CYSEC).
You should now know at least a little bit about the binary options trading unless you’re from other planets. This trading method now appears to earn you a large fortune within the shortest period. Put it simply, it works on the basis of how the price of a certain stock moves and makes money from the differences between the old and new prices. Also, to win the largest part in this game, you should excel in your estimates.
You will, whether an amateur or a professional traders, easily find brokers from the large pool out there in the market to get their services. Then, 24option should be one of your choices as the best and most reputable broker in this field. The broker has built his own reputation for reliable services and stable trading platforms for so many years of operations. More importantly, coming to this brokerage firm, you’ll have a chance to earn a more competitive ROI than you do with any other similar companies.
For promotions and customer attraction, 24option is willing to give away generous bonuses and benefits. A newbie to this trading market is offered the sign-up bonuses to accelerate his integration. These gifts can probably be a great starting fund for you to get used to the trading world. Not just that, the firm make available the around-the-clock services to all traders and clients already in their networks. Just finish your sign-up process and you’ll receive a bonus equal to a sum between 20 and 100% of your first deposit.
More specially, 24option has launched a mobile version of their trading platform so that you can trade on the go. In short, the firm’s representatives are knowledgeable and friendly enough to answer any sort of question that you ask related to their experience, sign-up and all other documentary procedures. With all those stimulating benefits, 24option should cross your mind when you think about such services.
About its background, 24option was the property of CBAY until they were acquired by Rodeler Ltd in December of 2013. So, 24option now works as the binary option broker under the control of Rodeler Ltd. Getting the authorization from and operating under the regulations of the Cyprus Securities Exchange Commission (CySEC), the firm is legitimized as a financial services supplier under license no.207/13.
The firm’s address is 39 Kolonakiou Street, Ayios Athanasios, Limassol CY-4103 and its CySEC license was issued on July 11th 2013. In addition, 24option has expanded its services to other nations by registering with BaFin in Germany, CONSOB in Italy, FCA in the United Kingdom and the AMF in France.
A set of thorough trading strategies and a comprehensive money management plan are the keys to an “in-the-money” trade whatever kinds of trading options you’ve chosen. More specifically, your strategies should be flexible in order to be adjusted to the uniqueness inherent in each binary option selection including currencies, commodities, stocks and stock indices.
Testing your trading strategies in an appropriate and complete way is never wasteful in such a harshly competitive market. If you intend to make several bets on different assets without any test run on your strategies, you should stop your positions before tasting the failure. Therefore, please organize your trading systematically.
There are many foundations on which traders base their decisions. Some are inclined to analyzing the basic data collected from the assets’ prices to predict their future movements. By contrast, others prefer technical analysis with more advanced data. The perfect combination of the two methods may be the best way with price movement as the basis to which traders apply analytical techniques to find out what is the peak price, what factors have major effects and where the trend will possibly turn.
Why do you need a good trading strategy?
Trading in the long term requires you to set up a system for success because of the following reasons:
- A clearly-outlined trading strategy well guides you to the key information that is crucial for your trading among the huge pool of data that may cause you serious distraction without a strategy. Furthermore, to know what effect the news may have on your trades, you need to have a thorough grasp of how the prices of a specific asset or even an asset class may move (often combined with technical analysis for setting the entry and exit points) – a requirement that many beginners can’t satisfy. However, the price-based strategies are the most efficient way for you to earn profits no matter what events will occur in the forthcoming.
- A measurement system is also necessary for improvements in your performance. Unsystematic trading cause chaos to your trading career as you have no idea of whether you trade better than last time or what is the basis against which you assess your subsequent trades. Just set up your own trading scheme and stick to it for a long time until you pile up a statistical sample that is big enough for your performance appraisal. Complete assessments help you identify what need improving. This also provides you with opportunities to test your new strategies that cause some changes to certain factors by applying them in your trades and comparing the results with your statistical figures of previous trades.
- Eliminate your feelings from your trading decisions. This is the most challenging mental aspect that causes tons of trading losses to traders. Apprentice traders cannot surpass their greed and fear that sway their decisions when they lose or win lots of money. Expanding your positions, placing more money in one single trade exceeding your ceiling and doubling your trading amount when your options are making profits are all signs showing that your greed is getting underway. By contrast, your fear, when taking effect, will downsize your bets and close many positions, potentially causing losses of future profits. Only sticking closely to your predetermined trading strategy will clear emotions from your mind and keep your performance stable.
- Trading too much is not good for your business. Initiating your trading career without clearly defined strategies easily gets your positions beyond control. Massive amounts of news, prompts from expert traders and friends, even the phase of the moon (studies concerning the Moon’s position relative to the Earth with cycles in asset movement, especially stocks) can lead a trader to overtrading.
Auto Binary Signal is a solid strategy to start your trading.
Choosing the right one
No accurate strategy is the best one but it depends on the preferences of every single trader. Moreover, the types of analysis and the ways to use it vary among different traders – they may use one or combine many analytical techniques in their trades. In fact, no perfect strategy does exist for the entire market as the market does not stay still but move constantly. Unwritten rules having previously been considered golden rules now fade away. The lesson is, if you want to survive on the market, you need to catch up with its evolvement.
Make sure that you get all the points and now let’s move to the list of characteristics that a typically stable trading strategy should possess.
- Simplicity perfects your trading strategies. It’s no wonder that “in the money” trades require sophisticated technical analysis but it does not mean applying as many principles as possible to your strategies. This may cause adverse effects in that new traders are not familiar with various rules applicable to certain market contexts so integrating many theories into their trading tactics is putting themselves in difficult situations.
- Test runs on new strategies are never a waste of time. You’re favored to the fullest capacity by demo accounts. They provide all traders with golden opportunities to give their new plans a trial run with no costs. So why can’t you miss it? As mentioned previously, each certain strategy is only appropriate for particular assets with specific trading characteristics. In other words, a tactic that works well with stocks may cause a loss when applied to currencies. Hence, demo accounts have come to rescue you with a simulated environment for you to improve your plans.
- Updating your strategies is good for your trades. As the financial market does not stay still but evolve at such a rapid rate, the strategies that are precise in certain conditions may not be that efficient in others. Therefore, sticking to a tactic for so long makes it out of date. That’s also the moment when you need to make adjustments to your strategies unless you want to lose your money. You may even erase the old plan and look for another new one if necessary.
- No strategy totally leads you to profits. No tactic, no matter how high its success rate may be, will reach the absolute level of profit generation. For example, one certain strategy with 60% of success will let 40 out of 100 binary option trades end up with a loss to you. As “out of the money” trades cannot be completely avoided, you have to accept them in a positive way in which, we mean, you let no emotions intervene your subsequent decisions and follow what you’ve planned and set up before. Finally, enlarge your vision by focusing the overall success not the instant one.
Types of winning strategies
To succeed in your trading career, you may try three types of following strategies:
- The strategy brings you a high rate of success, and winnings, on average, larger than losses.
- The strategy lead you to losing positions frequently than to winning ones but generate an above-zero net profits as winnings, on average, exceed losses.
- The system with a high rate of success leads to a positive net gain although losses are greater than winnings, on average.
On this basis, the first strategy is the most profitable one but it’s almost impossible to have such nearly ideal conditions. The second types can’t help traders of binary options as the potential profits are lower than the potential losses. You can list the cases of binary options with high yields but you have to bear the greater risks in mind. You may suffer total losses in losing positions if you turn to the offerings of 70%-85% payout ratios on average. You may not be in this situation if you approach brokerage companies that offer to compensate for your losses but of course you have to accept lower payout rates which are still favorable to you on the basis of the current overall win-loss ratio.
Because the ideal strategy is nearly impossible, you may turn to the third choice as the last resort. The fact that losses, on average, always outnumber profits prompts you to find out a trading strategy that leads you to winning positions more frequently in order to compensate for your net loss and make your way into profits by the expiration of the trade. For that reason, the first prerequisite is that these tactics need to generate an above-zero yield. Here’s how to find out the breakeven point:
Breakeven (0) = Winning % x Average Return – (1 – Winning %) x Average Loss.
According to the formula, you can find out how much your success rate is to reach the breakeven level supposed that you have exact figures of your average profits and losses. Therefore, all you have to do is to come up with a strategy that gives you a success rate above the breakeven one.
Using a combination of trading strategies
The old adage “don’t put all eggs in one basket” is also right with trading strategies. Traders need to diversify their own set of tactics as each of them is only applicable to certain market conditions. The question is why you need to use more than trading plans:
- Preparing more than one trading strategies help you avoid the unavoidable percentage of time when your current strategy leads you to losing positions. Turning to workaround strategies helps to maintain your positive morale while earning you profits.
- As aforementioned, one strategy cannot stand the test of time and it needs replacements. When this happens, it’s time for you to abandon the old tactic and look for a new one in order to keep your investment safe.
- We’ve also advised you to establish a diversified portfolio of assets to protect yourselves from the decline phase. If a certain asset or asset class, especially long-term one, falls short of your expectations, betting on other assets really pay off by filling the gap and keeping your gains at or above the zero. However, each asset possesses unique features that work well with a specific strategy. Therefore, asset diversification also involves putting various strategies together in one system.
Option Range is currently one of the leading binary options broker on the market where traders can easily trade on with a wide selection of binary assets, including stocks, indices and commodities. This a huge plus to make Option Range suitable for traders at all levels. Follow our review to find out whether it also suits you.
The first impression of the Option Range platform is the clearness and eye-stunning as it allows only 4 tradable items: stocks, indices, currencies and commodities to be showed tab-by-tab on the main page. The on touch and range trading options is also available to give traders more options and help as well.
The entire platform is so well-organized, user-friendly and most importantly, is able to quick and responsive navigated that traders can look for any important information or trading without any minor difficulty.
Like any other online binary options brokers, Option Range provides the company background, the instruction for new traders and daily or weekly updated news displayed visually in the platform. Although Option Range does not yet have its own market analysis, it comes up with a stream of recent prices that traders can take as a reference.
It came at first as an interesting feature of this platform is that it give a new account holder $500 immediately after they open their accounts, regardless of whether the deposits is transferred or not. However, unfortunately, this money is can only be used for practicing within 3 days after the opening or until the real money is deposited. It finally turns out to be a kind of demo accounts for new traders.
Option Range also offers traders the “close now” and “extend trading” option by which traders can stop their trades before or after the expiry time.
Accounts traders can access to the tutorial resources of the platform freely, yet the information or tips is relatively limited compared to others. Nevertheless, it’s still sufficient with basic explanation on the systems and instruction of the trading process.
If you have any problems in trading or need any support, you cannot contact the company through live chat or phones which is a big limitation. However, the quickness and politeness and information sufficiency in the email response of this service is worthy a compensation.
Ease of Use
Option Range has created a clear and extremely easy to understand page with visual so that everyone can start trading without problem. The registering and depositing money is super-fast for immediate trades. Besides, withdrawing funds can take up to four days, like other brokers.
Option Rage also offers a demo account to help get you get used to the platform. When you are ready for live trading, only $50 minimum deposit is available as well to reduce potential loss.
They have already have an extremely good platform which is easily understandable and secure; therefore, it’s very promising that Option Range will soon become one of the strongest binary options brokers if they care more about their education center.