Investing is quite a phenomenal way to make money quickly, or lose it quickly. This is especially true when delving into binary trade options such as with a 60-second binary options broker, or even using the one-touch method of trading. This type of trading is totally different from traditional trading.
The differences are the very reasons this style of trading has become such a popular way to invest for profit. Binary investing is different because the trader can invest small amounts of money and almost triple their initial investment in as little as one minute. The set amounts and investment requirements, along with the deadline of the investment period is always stated upfront and easy to understand.
For the most part the popular GOptions trading program works by choosing a particular trade option, agreeing to the terms of cost, and waiting for the trade period to expire. Once the trade expires the trader can make quite a handsome profit. Many beginners prefer to dive into Binary styled trades after learning how easy it is to make money in short time frames.
This popular trading method has one drawback and that is that it is a win all or lose all type of trade. Though this scenario is a downside, it is also an asset. Investors know upfront the risks involved and are willing to take it because unlike other trading opportunities, the trade chosen only has to increase slightly.
With other trades the chosen trade only profits if the trade reaches a rather high percentage increase. There are many ways to profit with Binary platforms like that at Traderush, a popular one being the 60-second trade. With this particular trade the investor chooses a trade and then basically guesses if the shares cost will stay, increase, or lose.
After one minute the trader is then either rewarded, or wished better luck next time. Doing a bit of research first and finding a reputable us binary options broker is the best way to get into Binary Trading. The rest is just intuition and good luck, but considering the opportunity to make 75% of an initial trade and up, many people find this a fun way to make money.
Charting and technical analysis are crucially important parts of any kind of trading. This is just as true with binary options trading as it is for any other kind. And unfortunately, brokers themselves just can’t offer the kind of higher end charting software that the large retail investing firms can. It’s just not in the budget. Maybe in several more years as the binary options market continues to grow, but for now we have to live with what we’ve got. If you want to be a profitable trader you should be using the best binary options charts available to you for your trading and technical analysis.
There are a couple different opinions on which is really the “best,” but you won’t go wrong by using either of the top two contenders for the title: TD Ameritrade’s TOS platform, and MT4 for FOREX binary options trading. The ThinkOrSwim (TOS) software is perfectly capable for FOREX trading as well but if you are used to MT4 from your FOREX trading then you may prefer that. However, you’ll still need the TOS platform for the other asset classes.
These are both completely free options which offer streaming, real-time quotes. Not the delayed quotes available most places. The ThinkOrSwim software with free real-time quotes is available for all non-professional traders. You simply need to sign up for an account with TD Ameritrade to access the platform after downloading. But you don’t actually need to fund your account with any real money for access. You just need the login details that you’ll get from creating an account.
DON’T use the “paper money” platform. That platform uses the delayed quotes that they are legally required to show to non-customers and professional traders. This is why you need to sign up for a real account with TD Ameritrade. It’s what gives you access to the “real-money” platform that has the real-time quotes. Which you obviously require for real trading.
If you are trading binary options using the charts your broker provides, you are doing yourself a huge disservice and probably leaving money on the table. It’s free and it’s incredibly helpful so why not take advantage of it? Other profitable binary options traders sure are.