Pro Tips for Trading Binary Options

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5 easy ways to avoid cheating when trading binary options

Summing up, we can say that, in most cases, the usual “sanity” from scammers, scammers and cheating in binary options trading is ordinary human sanity and prudence.

In the age of high technology and the spread of the Internet, everyone who wants to start trading binary options, can type in the search engine string “binary options brokers” and get a lot of links to brokers’ websites that provide binary options trading services. However, not all of them may turn out to be who they say they are. Along with the popularity of binary options trading, the number of frauds and scammers is growing. Very often, the good reputation of an honest and decent binary options broker is adversely affected by a handful of cybercriminals whose traders come across tricks. Nevertheless, no matter how sophisticated the crooks are, there are several ways to recognize them, saving your money and nervous system.

Meet on clothes

Pay attention to the binary options broker website. The site should be functional, with a working user menu. Decent brokers do not spare money on the design of sites. If you see any inconsistencies, inconsistencies, or even grammatical errors – this is almost an absolute sign of scammers, because you will not go to buy gold jewelry in a beer stall?

Test the trading terminal

The next step is to analyze the trading platform that the binary options broker offers through the use of demo accounts. With it, you can check the functionality of both the client and browser trading platforms for adequacy to the tasks. The broker’s lack of a demo account or any other opportunity to familiarize himself with the conditions offered by the broker for trading binary options is an alarm call indicating scammers.

Customer support service

Next, you should find out ways of feedback from the administration and not be too lazy to check each of them. Decent binary options brokers provide, as a rule, online chat, email address and contact phone numbers. The response to the request should be prompt and adequate. Fraudsters disguising themselves as brokers often ignore customer requests or try to get off with general answers based on the principle “Your message has been accepted, in the near future you will receive a response to the email address provided during registration” or something like that. Of course, there is no question of online contacts.

Methods of depositing and withdrawing funds

Any binary options broker that respects itself offers the client several alternative ways to deposit and withdraw funds from a client account. This can be electronic payment systems, bank cards, bank transfers and more. All methods and conditions of monetary transactions should be indicated on the binary options broker website. As an additional confirmation, you can make sure that the broker uses SSL encryption when actively transferring financial information.

Promotions, bonuses and fast money – a frequent trick of scammers

The main task of scammers is to seize the client’s funds in the shortest possible time, without violating anything. To do this, customers are invoked with promises of bonuses, sky-high sizes, or super-duper stocks, with participation in which the client can again get almost unlimited profit. Here you need to clearly realize that money does not come from nowhere, and the binary options broker is not a good uncle who distributes money left and right just like that. Carefully read the terms of participation in promotions and bonuses. As a rule, attackers specially print them in small print. Do not be too lazy to read them, for sure you will find there a lot of “interesting”.

Summing up, we can say that, in most cases, the usual “sanity” and reasonableness is a natural “guard” against scammers, scammers and cheating in binary options trading. Nevertheless, the number of victims of the actions of imaginary binary options brokers is not reduced. No need to rush, you always have time to earn your million. Take a look binary options broker reviews on our forex forum or read these simple recommendations that will save you time and, most likely, a serious amount of money.

PipFinite Binary Options PRO

CUTTING EDGE SOLUTION FOR BINARY OPTIONS

Binary Options PRO Generates 55-60% Win Ratio WITHOUT Adding Filters

Skyrocket your Probabilities by Adding This Indicator To Your Trading Strategy!

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

With more than 100,000 Verified Downloads on MQL5 and growing.

Products with the Highest NUMBER OF POSITIVE REVIEWS. THOUSANDS of SATISFIED and RETURNING clients.

PipFinite has proven itself to be ONE OF THE BEST providers of trading tools!

Read The Whole Page To Get The SCANNER For FREE!

THE DASHBOARD

Contains all the important information needed to trade.

For best results:

  • Broker Payout ≥ 80%
  • Actual Win Rate > Min Win Rate

HOW TO BUY

STEP 1: Actual Win Rate > Min Win Rate

STEP 2: Enter new Buy signal at open of bar

STEP 3: Wait for bar to close for results

HOW TO SELL

STEP 1: Actual Win Rate > Min Win Rate

STEP 2: Enter new Sell signal at open of bar

STEP 3: Wait for bar to close for results

REVERSAL STRATEGY WITH BOLLINGER BANDS

HOW TO ATTACH BOLLINGER BANDS

STEP 1: Navigate indicators

STEP 2: Double Click “Trend” to expand

STEP 3: Double Click “Bollinger Bands” to attach on chart

BOLLINGER BANDS SETTINGS

HOW TO BUY

STEP 1: Open of Bar below the Lower Band

STEP 2: Actual Win Rate > Min Win Rate

STEP 3: Enter new Buy signal at open of bar

STEP 4: Wait for bar to close for results

HOW TO SELL

STEP 1: Open of Bar above the Upper Band

STEP 2: Actual Win Rate > Min Win Rate

STEP 3: Enter new Sell signal at open of bar

STEP 4: Wait for bar to close for results

MULTI-CURRENCY & MULTI-TIMEFRAME SCANNER

Have The Ability To Monitor ALL Markets & ALL Timeframes In 1 Chart

Making Binary Options Monitoring EASY

No need to open many charts and timeframes to check for a Trading Opportunity

The scanner does all the hard work for you.

THE POWERFUL INTERFACE

Blue Boxes – Buy Signal

Red Boxes – Sell Signal

Numbers Inside Box – Actual Win Rate

White Numbers – Actual Win Rate > Min Win Rate

Black Numbers – Actual Win Rate ≤ Min Win Rate

EASY NAVIGATION FEATURE

Allows you navigate across different instruments with 1 click, in just 1 chart.

Change the current pair

Move effortlessly to different timeframes

Instantly switch to your desired instrument

You can add ANY symbol that exist in your platform.

Symbols – Type the symbols separated by comma ” ,

Example: EURUSD , GBPUSD , AUDUSD , XAUUSD

You can select up to 9 different timeframes

Timeframes Count – The number of timeframes you want to monitor

The scanner alerts you when there is a setup to the instruments you are monitoring!

Popup, Sound, Email and Push Notifications available. NEVER MISS AN EXIT SIGNAL AGAIN!

GET THE BINARY OPTIONS PRO SCANNER FOR FREE

TAKE ADVANTAGE & SAVE 249$

FOR MORE INFORMATION

WHAT IS THE WIN RATE?

Binary Options Pro generates a base accuracy of 55-60% without added filters!

HOW MANY SIGNALS GENERATED?

Binary Options Pro generates many signals so you can filter them using other indicators & further improve results.

The number of signals increases when you use lower time frames.

HOW ARE SIGNALS GENERATED?

Signals are instantly generated on the “Open” of the bar.

CAN IT BE COMBINED TO OTHER INDICATORS?

Absolutely YES! Combining it to other indicators would increase the accuracy of this indicator.

CAN I USE MARTINGALE?

YES, Martingale involves greater risk but higher profit.

Before using martingale, make sure you check the “Loss Streak” if the consecutive number of losses wont harm your account.

WHAT PAIRS?

It works in any pair. Select the best pairs with the highest “Actual Win Rate”

WHAT TIMEFRAMES?

It works in any timeframe. The timeframe used determines the expiry date of trades.

Example: M5 Timeframe is used for 5 Minutes Expiry Only.

MT4 Version : M5, M15, M30

MT5 Version : M2, M3, M5, M10, M15, M20

WHAT BROKER TO USE?

We recommend brokers with Payout at least 80% (Broker Payout ≥ 80%)

For best results, find a broker that offers a Payout of 85% or higher.

GENERAL SETTING

Generates the most signals. Can be used to combine with other indicators.

Signal Period – 3

CONSERVATIVE SETTING

Generates the less signals and can improve the base accuracy.

Signal Period – 5

MAIN PARAMETERS – controls the indicator algorithm operation.

  • Payout – the profit% that your per trade get based on your broker.
    • We recommend brokers with payout at least 80% (Payout ≥ 80%)
    • If your Broker offers less that 80%, we suggest you look for another broker.

  • Signal Period – the number of bars used to calculate the algorithm.
    • Period = 3, The setting that gives the most signals but may have lower winrate.
    • Period = 5, Gives less signals but can give higher winrate.
  • Maximum History Bars – maximum number of bars used.

MISC PARAMETERS – controls the universal settings. FOR DEVELOPER/CODER PURPOSES ONLY.

  • Universal Draw Buffers – Enable/Disable all buffers drawn on chart.
  • Universal Draw Objects – Enable/Disable all objects drawn on chart.
  • Universal Delete Objects – Enable/Disable all objects to be deleted on chart.
  • Universal Enable Alerts – Enable/Disable all alerts to be triggered

DISPLAY PARAMETERS – controls the visibility of objects drawn on chart.

  • Show Signal – show/hide entry signals
  • Show Win – show/hide winning signals
  • Show Loss – show/hide losing signals
  • Charts To Foreground – force charts to be drawn on top of all objects

GRAPHICS PARAMETERS – controls the appearance and colors of drawn objects on chart.

  • Buy Color – color of buy signal
  • Sell Color – color of sell signal
  • Win Color – color of winning signal
  • Loss Color – color of losing signal

DASHBOARD PARAMETERS – controls the visibility and colors of statistics found on chart.

  • Show Dashboard – show/hide information dashboard
  • Show Dashboard Background – show/hide dashboard background box
  • Dashboard Font Size – Text size for statistics.
  • Dashboard X-Offset – Distance of statistics horizontally. Increase value to move it to the right (Ex. 100 to 1000).
  • Dashboard Y-Offset – Distance of statistics vertically. Increase value to move it lower (Ex. 100 to 1000).
  • Dashboard Y-Spacing – factor used as row distance.
  • Dashboard Background X-Size – size of dashboard background.
  • Dashboard To Back – Moves the dashboard to back of objects
  • Dashboard Background – color of dashboard
  • Auto Color Dashboard Background – use the chart background color as dashboard background color
  • Dashboard Text – color of dashboard
  • Auto Color Dashboard Text – use the chart foreground color as dashboard text color
  • Dashboard Title – color of title
  • Dashboard Buy – color of buy signal on dashboard
  • Dashboard Sell – color of sell signal on dashboard
  • Dashboard High Win Rate – color of high win rate on dashboard
  • Dashboard Low Win Rate – color of low winrate on dashboard
  • Dashboard Outline – color of dashboard borders

ALERT PARAMETERS – controls the alert options enabled.

  • Enable Pop-Up Alerts – Enable MT4/MT5 box alerts.
  • Enable Email Alerts – Enables email alerts.
  • Enable Push Notification Alerts – Enables smart phone or sms alerts.
  • Enable Sound Alerts – Enables sound alerts.
  • Sound Alert Name – File name of sound alert.
  • Enable Screen Comments – Enable comment on the top right corner of screen.

A Guide to Trading Binary Options in the U.S.

Binary options are financial options that come with one of two payoff options: a fixed amount or nothing at all. That’s why they’re called binary options—because there is no other settlement possible. The premise behind a binary option is a simple yes or no proposition: Will an underlying asset be above a certain price at a certain time?

Traders place trades based on whether they believe the answer is yes or no, making it one of the simplest financial assets to trade. This simplicity has resulted in broad appeal among traders and newcomers to the financial markets. As simple as it may seem, traders should fully understand how binary options work, what markets and time frames they can trade with binary options, advantages, and disadvantages of these products, and which companies are legally authorized to provide binary options to U.S. residents.

Binary options traded outside the U.S. are typically structured differently than binaries available on U.S. exchanges. When considering speculating or hedging, binary options are an alternative—but only if the trader fully understands the two potential outcomes of these exotic options.

Now that you know some of the basics, read on to find out more about binary options, how they operate, and how you can trade them in the United States.

U.S. Binary Options Explained

Binary options provide a way to trade markets with capped risk and capped profit potential, based on a yes or no proposition.

Let’s take the following question as an example: Will the price of gold be above $1,250 at 1:30 p.m. today?

If you believe it will be, you buy the binary option. If you think gold will be below $1,250 at 1:30 p.m., then you sell this binary option. The price of a binary option is always between $0 and $100, and just like other financial markets, there is a bid and ask price.

The above binary may be trading at $42.50 (bid) and $44.50 (offer) at 1 p.m. If you buy the binary option right then, you will pay $44.50. If you decide to sell right then, you’ll sell at $42.50.

Let’s assume you decide to buy at $44.50. If at 1:30 p.m. the price of gold is above $1,250, your option expires and it becomes worth $100. You make a profit of $100—$44.50 = $55.50 (minus fees). This is called being in the money. But if the price of gold is below $1,250 at 1:30 p.m., the option expires at $0. Therefore you lose the $44.50 invested. This called out of the money.

The bid and offer fluctuate until the option expires. You can close your position at any time before expiry to lock in a profit or a reduce a loss, compared to letting it expire out of the money.

A Zero-Sum Game

Eventually, every option settles at $100 or $0—$100 if the binary option proposition is true and $0 if it turns out to be false. Thus, each binary option has a total value potential of $100, and it is a zero-sum game—what you make, someone else loses, and what you lose, someone else makes.

Each trader must put up the capital for their side of the trade. In the examples above, you purchased an option at $44.50, and someone sold you that option. Your maximum risk is $44.50 if the option settles at $0, and so the trade costs you $44.50. The person who sold to you has a maximum risk of $55.50 if the option settles at $100—$100 – $44.50 = $55.50.

A trader may purchase multiple contracts if desired. Here’s another example:

  • NASDAQ US Tech 100 index > $3,784 (11 a.m.).

The current bid and offer are $74.00 and $80.00, respectively. If you think the index will be above $3,784 at 11 a.m., you buy the binary option at $80, or place a bid at a lower price and hope someone sells to you at that price. If you think the index will be below $3,784 at that time, you sell at $74.00, or place an offer above that price and hope someone buys it from you.

You decide to sell at $74.00, believing the index is going to fall below $3,784 (called the strike price) by 11 a.m. And if you really like the trade, you can sell (or buy) multiple contracts.

Figure 1 shows a trade to sell five contracts (size) at $74.00. The Nadex platform automatically calculates your maximum loss and gain when you create an order, called a ticket.

Nadex Trade Ticket with Max Profit and Max Loss (Figure 1)

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

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Best Binary Options Trading Guide For Beginners
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