Trading in Binary Options: Trade Like a Pro

Binary options’ trading is a very popular way to make money using the commodities, stock, indices or money market. You do not need to invest in stocks or shares; nothing is traditional. Make money by predicting the direction whether or not an underlying asset will move up or down. There are trading platforms that make it convenient for traders who are interested in trading in different assets. Depending on the platform you are using, “practice” your trades until you feel confident that you are good enough to invest your own funds.

Why are Binaries Popular?

Options’ trading is fast becoming a popular trend because of:

· Mobile trading – You can trade from anywhere you have internet connection. Your smart phone can be your gateway to payouts or use your tablet, laptop or desktop.

· Experience – Experienced traders often use binaries as a method to make good on investments quickly. Novice traders can practice and see returns in just a few minutes.

· Fixed payouts and risks are always known – You know what you can potentially win or lose before you begin your trade.

· Expiry time of your trade – Do you want returns in minutes, seconds or hours?

· Markets for binaries are highly flexible – You make money whether the markets are up or down. All you need to do is predict correctly the movement of an underlying asset.

About Brokers

There are dozens of option brokers who will help you with your trades. Every platform has pros and cons, and some platforms may actually give you a higher payout than other platforms. You can find brokers who provide a long list of assets or those with practice platforms. Look for payout percentages. Some do offer payouts as high as 95%.

Your best bet, however, is to find a broker with a great reputation and one who is regulated. This gives you the added protection of knowing your trading is protected by law.

Due to government regulations, there may be platforms that will not allow clients from the United States or other countries. Research to determine which broker will be best for you, accept your citizenship, and give you great payout if you are a trader from the U.S.

Platforms that accept US trades include:

TRADERUSH began in 2011 and is based on the island of Cyprus. They are very fast growing, use an intuitive platform, and provide trades in stocks, currencies, indices and stocks. You can earn an astounding 81% on your binary trade.

CEDAR FINANCE has a reputation for excellent customer service. They use a professional platform that is very user friendly. Research their list of underlying assets and trade to your heart’s content.

EZTrader is owned by Win Global Markets Inc and began in 2008. They offer up to 95% payout on investments, are user friendly, and allow you to practice before you trade.

Find a trading platform or binary options broker who provides demo accounts. This is a great way to learn to predict and understand the trending underlying assets. And do ensure that your chosen broker is regulated. Read about their platform on the internet or by asking a reputable broker.

3 Reasons Why You Need Financial Advisors In Achieving Financial Success

People have different strategies when it comes to building wealth. Normally, people would save up through their bank accounts. Others would try to find other sources such as starting up a business, getting an extra job, etc. For others who are more ambitious, their strategy would include investing in properties that are fairly easy to manage.

You might have a different strategy of your own. It doesn’t matter what strategy you use, what’s important is you start acting now to save more for your future.

What more could you do to achieve financial success? According to financial experts, you should talk about it. This would mean talking to your friends or your family about your plans for the future, how to save up for retirement, and others. Although this may seem awkward, this could actually keep you motivated in achieving your goals.

Experts would say that when you talk about it, you’d be more motivated to get a better job, increase your income, and others. Furthermore, experts would say that talking about it is not enough though. You should also learn how to give direction to your money. This way, you could turn your assets into millions, even before you retire.

So who could help you give direction to your money? An expert in wealth building – a financial advisor. Getting the services of a financial advisor could provide a lot of benefits. So here are some reasons why you need a financial advisor when you want to achieve financial success:

1. A financial advisor can examine your cash flow and current finances. He could come up with a financial planning strategy that can work well for you. Of course you can find planning strategies through books and other resources, but an actual advisor would be able to help you through his expertise and experience.

2. You could achieve great planning skills from an advisor. During the process, your advisor could provide insights on how you can handle your finances. You could learn the right skills in making decisions about where your money goes. You could also have relevant knowledge in insurance, tax, and other legal matters. Learning about these things would help you protect your accumulated assets.

3. Your advisor could provide principles that would help you achieve your goals in time. With effective principles, you learn how to grow your funds quickly.

Whatever amount of money you have today, growing it into a considerable fund is possible with the help of a professional financial advisor.

The Top Reason Individuals Fail Miserably in E-Mini Trading

I never know which e-mini traders in my program will succeed, and which traders will fail. Sometimes the very brightest, well-educated and stable clients, who you are confident will enjoy great success fail miserably and the quiet fella who just keeps plugging away will catch fire; and with the traders that succeed, I have never been able to predict when a novice will have that “aha” moment when the pieces of the e-mini trading puzzle fall into place.

On the other hand, deciphering why people fail is a much easier process. With a few exceptions, most unsuccessful e-mini traders fall into an identifiable group.

They are individuals who try to understand the market using logic and common sense. The market is a fickle beast; a massive congregation of opinion on the economy, economic statistics released by the government, strategies by large traders for specific outcomes, the list of variables that entail market pricing is large and new variables emerge daily as some other variables wane.

With that weighty group of individual variables mentioned, it has to be pointed out that, depending upon the source of your information, random buying and selling account for nearly 50% of the market movement; by random movement I am referring to non-institutional market activity by retail traders in smaller contract quantities, usually in odd lot orders.

Given the chaotic scenario I have just described, it would seem a challenging proposition to make sense of the whole thing. Our brains are programmed, in most individuals, to categorizing similar behaviors or observations into predictive pattern recognition. Hence, common sense and logic, which are integral parts of living anywhere near successfully, are the normative standard among right thinking people.

Unfortunately, the very cognitive mechanisms that make sane and secure life possible are the anti-thesis of successful trading. The markets are neither logical nor function in a manner that average folks would say resembles the attribute of “common sense.” It’s not unusual for the market decline on great economic news and rally on horrible economic announcements, which is counter intuitive, in a logic or common sense frame of thinking.

But there identifiable reasons for the direction market to one way or the other and they are often not based upon the sort of common sense of logic that a newer trader is expecting. For example, during the late summer and fall of 2013 the Fed announced that if the economy continued to improve, as it had, they were considering scaling out of the quantitive easing program that had to ballooned to 90 billion dollars/month. The market was very well-capitalized and trading was brisk and profitable, to the long side. Consequently, there was a general belief that the quantitive easing program was the catalyst in the surprising bullish run we have been experiencing since the fall of Lehman and the domino effect of economic catastrophe that ensued. As a result, good economic reports were met with powerful selling, as traders assumed the loss of the quantitive easing program would be detrimental to sustaining the aging rally; although certain sectors like housing (probably the most distressed and problematic result of the 2007-2008 “Great Recession) may well rally on good news as traders gauged the effect of housing less detrimental to the market than other economic reports. It was a difficult time to trade if you are trying to understand the market.

When I start work with a new e-mini trader, the first thing I point out is, “the set-ups and trade recognition are the easy part of trading, and ultimately your success will depend upon your thinking.”

The market has a “common sense and logic” component that is unique unto itself, and applying everyday common sense is a habit that many traders cannot shake. Often times, individuals who work with historical information (accountant, lawyers, etc.) find it very difficult to stop looking to history for today’s trading answers. The trades are always in front of you, and though some historical data can be useful, like support and resistance, the price action is generally evolving on perceptions of the future, not the past. In short, the markets are forward looking, with a nod to the historical data in the mix.

Often times, I watch traders rely on their common sense to trade and am unable to break out of that cycle of thinking. You hear utterances like “there is no possible way the market could have stopped me out,” or, “this thing is rigged, there is no way it could have moved against me.” You get the idea.

The point is simple; every great trader with who I have had the pleasure of working with had an uncanny sense of market logic. Learning this style of thinking takes some study, some time and experience to become learn, but the “aha” moment I described at the beginning of the article is a trader seeing the logic of the market. It’s music to my ears… On the other, for varying reasons some individuals never get to experience that “aha” moment. They know the set-ups, volumes of market trading theory and have the latest software programs. My experience is that these traders can have limited success in certain market conditions but generally slowly lose their trading accounts due to excessive losses.

It is my firm belief that good traders have a developed sense of market sense, and this one factor is critical success. It seems some individuals are deeply invested in historical verification in the decision making process and are unable/unwilling to change the way they think, and they fail.

Timing Signals – Your Choices

The essence of with everything concerning investing, especially safe investing, revolves around “when” – when should you sell, when should you buy.

There are many types of Timing Signals. Here is a brief run down on a few key types:

Market Exit Signal – this timing signal is designed to tell you when to move either to a ‘safe’ position or out of the markets with a particular strategy or even totally. This signal can be based upon either the benchmark of your group (S&P 500 for example) or the strategy itself.

While an ME signal may not come into play frequently its value cannot be understated because it can protect you portfolio from major losses when the market crashes – as it does every so often. If most retirees had an ME in place when our 2007-2008 recession hit then instead of losing 40 – 60% of their retirement value they would have had minimal losses and been able to build upon a strong portfolio when the market started climbing again in 2009.

Signal Charts – these charts contain bullets – for example – green for buy and red for sell. Almost any chart can incorporate signals but I have found that a moving average chart and a full stochastic chart are excellent for providing solid timing signals.

These charts can be considered one of the most elementary type of timing signals as they can pinpoint with relative reliability when to buy or sell a stock or when a strategy is no longer producing gains.

The charts can be found:

  • Symbol Charts
  • Portfolio Signal Charts for each selected Strategy
  • Portfolio Signal Charts for individual symbols

Technical Strategies – the parameters in an investment analysis software program can allow you to define when to receive a sell signal and corresponding buy of a new symbol. Some rule examples could use any or all of these:

  • Cutoff for ranking drop
  • Stops from either purchase price or trialing high point
  • Market Exit Signal

The advantage of using a variety of buy-sell rules with an investment management software program is simple: instead of relying upon just one signal for when to buy or sell you can have a number of rules that can be back tested to give the best results based upon the exact group of symbols you are working with, thus maximizing your returns which maintain a safe investing procedure.

Portfolio>Self Tracking – report with signals based on drawdown and trailing high stop.

Equity Curve – as discussed by relative strength author Michael Carr, an equity curve can provide a buy-sell signal for individual symbols and strategies.

This curve is similar to a moving average chart but by focusing on the trends of a symbol can tell you if it is a good buy, hold or if it is time to sell. The same goes for a strategy based upon a universe of symbols.

The critical aspect, as any investor knows, is buying and selling at the “right” time defines whether or not you are going to make money or lose money. By employing timing signals instead of feelings or tips you are more likely to reach or surpass your goals and desires – yes, make more money.