The Best Time to Trade Currencies

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If you have made up your mind that you now wish to start trading Binary Options online then you will be looking for a Broking site at which you are going to be given a first class services, and you will obviously wants a Brokers that is going to offer you a wide and very varied range of different trading opportunities. It is often the case that if you simply jump in with both feet and sign up at the very first Binary Options trading site and Brokers you could across that site may not offer you everything that you are looking for and you may have much fewer trading opportunities available to you.

With this in mind before we have compiled a quite definitive and very informative guide which is going to help you locate a top class and top rated Binary Options trading site at which to trade at, we have presented this guide in a questions and answers type of format to ensure you get the answers your are looking for and we be guaranteed to finding a great site at which to place your binary Options trades once binary options banking options for nigeria based traders read through it!

You do need to be aware that not every single Binary Option Broker you will come across online is fully licensed or fully regulated, and this is why we have chosen to present to you throughout this website on those Broking sites we know are fully licensed and regulated, and when you sign up and become a trader you will never experience any type of problems at those highlighted and first class Brokers.

Should I just look for a Broker with the biggest bonuses? It should never be the case that you should be swayed by just how much bonus funds that you are going to be awarded binary options banking options for nigeria based traders when signing up to any Binary Options Brokers, for whilst many of those listed on our website do offer very large bonuses, you will always have to place a certain volume of trades before you can withdraw and gains and profits when using bonus funds and bonus credits and many traders now prefer sticking to placing traders only with their own cash and never claim bonuses as that gives them the most flexibility as to when they can withdraw any and all profits quickly and easily.

Will my banking options be limited at some Brokers? Yes, out can often find that when it comes to either making a deposit or a withdrawal at some Binary Options Brokers you are going to be limited in regards to what types of banking options you can use to fund or cash out for some sites. All of the Brokers listed on our website however have lots of different Nigeria trader friendly banking options so by only using those Broking sites you will have the maximum flexibility and will be able to use lots of different low cost banking options.

When is the best time to place Binary Options trades? Knowing when to place a trade on any company that you think is going to see a movement in its share price at just the right time is what separates successful traders form those who rarely if ever make repeated profits, and in regards to just when is the best time to place Binary Options trades this can often be a 24 hours a day task and as such to have a chance of making lots of financial gains you should always be prepared to act instantly when a share price movement is expected to happen and binary options banking options for nigeria based traders your trades on in good time to benefit from those share price binary options banking options for nigeria based traders.

What should I do if I have a complaint? If you have a complaint you should first refer it to the manager at the Binary Options Broking site you are having problems with, if you get no joy there then escalate your problem and complaint to their licensing binary options banking options for nigeria based traders who will be able to look into the complaint and speedily get a resolution. How long does it take to place a Binary options trade?

It takes less than a second for you to place a Binary Options trade in fact once you have chosen one to place and the amount your wish to trade your trade will be placed instantly and in real time at the chosen Binary Options Broker you are using. What types of trading platforms are available? Both downloadable and instant use trading platforms are offered at various different Binary Options Binary options banking options for nigeria based traders and you will now find that in addition to the online trading platforms that allow you to seamlessly and instant place Binary Options trades online you will find several brand newly launched mobile trading platforms so you can trades Binary Options whenever and wherever you are.

Do mobile trading platforms offer as many trading opportunities? You will find the number of different mobile trading platforms are not as large as those you can access and utilize when placing trades at an online Binary Options Broking site, however you will certainly not be limited in regards to the number and types of mobile trades you can place. How many different trading opportunities are there? The sky is often the limit in regards to just how may different types of Binary Options trades you can place on a mobile or online trading platform and it is very safe to say you will find exactly the type of trade you are looking to place whenever you wish place them at any of our listed sites.

Do I just have to place trades on Nigerian companies? Are all Binary Options Broking sites licensed and regulated?

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We have close to a thousand articles and reviews to guide you to be a more profitable trader in no matter what your current experience level is. Read on to get started trading today! The time span can be as little as 60 seconds, making it possible to trade hundreds of times per day across any global market.

This makes risk management and trading decisions much more simple. The risk and reward is known in advance and this structured payoff is one of the attractions. Exchange traded binaries are also now available, meaning traders are not trading against the broker. To get started trading you first need a regulated broker account or licensed.

Pick one from the recommended brokers list , where only brokers that have shown themselves to be trustworthy are included. The top broker has been selected as the best choice for most traders. These videos will introduce you to the concept of binary options and how trading works.

If you want to know even more details, please read this whole page and follow the links to all the more in-depth articles. There are however, different types of option. Here are some of the types available:. Options fraud has been a significant problem in the past. Fraudulent and unlicensed operators exploited binary options as a new exotic derivative. These firms are thankfully disappearing as regulators have finally begun to act, but traders still need to look for regulated brokers.

Here are some shortcuts to pages that can help you determine which broker is right for you:. The number and diversity of assets you can trade varies from broker to broker. Commodities including gold, silver, oil are also generally offered. Individual stocks and equities are also tradable through many binary brokers. These lists are growing all the time as demand dictates.

The asset lists are always listed clearly on every trading platform, and most brokers make their full asset lists available on their website. Full asset list information is also available within our reviews. The expiry time is the point at which a trade is closed and settled. The expiry for any given trade can range from 30 seconds, up to a year. While binaries initially started with very short expiries, demand has ensured there is now a broad range of expiry times available.

Some brokers even give traders the flexibility to set their own specific expiry time. While slow to react to binary options initially, regulators around the world are now starting to regulate the industry and make their presence felt. The major regulators currently include:. There are also regulators operating in Malta and the Isle of Man.

Many other authorities are now taking a keen a interest in binaries specifically, notably in Europe where domestic regulators are keen to bolster the CySec regulation. Unregulated brokers still operate, and while some are trustworthy, a lack of regulation is a clear warning sign for potential new customers.

We have a lot of detailed guides and strategy articles for both general education and specialized trading techniques. From Martingale to Rainbow, you can find plenty more on the strategy page. For further reading on signals and reviews of different services go to the signals page. If you are totally new to the trading scene then watch this great video by Professor Shiller of Yale University who introduces the main ideas of options:.

In addition, the price targets are key levels that the trader sets as benchmarks to determine outcomes. We will see the application of price targets when we explain the different types. Expiry times can be as low as 5 minutes. How does it work? First, the trader sets two price targets to form a price range. If you are familiar with pivot points in forex, then you should be able to trade this type. This type is predicated on the price action touching a price barrier or not.

If the price action does not touch the price target the strike price before expiry, the trade will end up as a loss. Here you are betting on the price action of the underlying asset not touching the strike price before the expiration.

Here the trader can set two price targets and purchase a contract that bets on the price touching both targets before expiration Double Touch or not touching both targets before expiration Double No Touch. Normally you would only employ the Double Touch trade when there is intense market volatility and prices are expected to take out several price levels.

Some brokers offer all three types, while others offer two, and there are those that offer only one variety. In addition, some brokers also put restrictions on how expiration dates are set.

In order to get the best of the different types, traders are advised to shop around for brokers who will give them maximum flexibility in terms of types and expiration times that can be set. Most trading platforms have been designed with mobile device users in mind. So the mobile version will be very similar, if not the same, as the full web version on the traditional websites. Brokers will cater for both iOS and Android devices, and produce versions for each.

Downloads are quick, and traders can sign up via the mobile site as well. Our reviews contain more detail about each brokers mobile app, but most are fully aware that this is a growing area of trading. Traders want to react immediately to news events and market updates, so brokers provide the tools for clients to trade wherever they are.

So, in short, they are a form of fixed return financial options. Call and Put are simply the terms given to buying or selling an option. As a financial investment tool they in themselves not a scam, but there are brokers, trading robots and signal providers that are untrustworthy and dishonest.

Our forum is a great place to raise awareness of any wrongdoing. Binary trading strategies are unique to each trade. Money management is essential to ensure risk management is applied to all trading. Different styles will suit different traders and strategies will also evolve and change.

Traders need to ask questions of their investing aims and risk appetite and then learn what works for them. Binary options can be used to gamble, but they can also be used to make trades based on value and expected profits. So the answer to the question will come down to the trader. If you have traded forex or its more volatile cousins, crude oil or spot metals such as gold or silver, you will have probably learnt one thing: Things like leverage and margin, news events, slippages and price re-quotes, etc can all affect a trade negatively.

The situation is different in binary options trading. There is no leverage to contend with, and phenomena such as slippage and price re-quotes have no effect on binary option trade outcomes. This reduces the risk in binary option trading to the barest minimum. The binary options market allows traders to trade financial instruments spread across the currency and commodity markets as well as indices and bonds.

This flexibility is unparalleled, and gives traders with the knowledge of how to trade these markets, a one-stop shop to trade all these instruments.

A binary trade outcome is based on just one parameter: The trader is essentially betting on whether a financial asset will end up in a particular direction.

In addition, the trader is at liberty to determine when the trade ends, by setting an expiry date. This gives a trade that initially started badly the opportunity to end well. This is not the case with other markets. For example, control of losses can only be achieved using a stop loss.

Otherwise, a trader has to endure a drawdown if a trade takes an adverse turn in order to give it room to turn profitable. The simple point being made here is that in binary options, the trader has less to worry about than if he were to trade other markets. Traders have better control of trades in binaries. For example, if a trader wants to buy a contract, he knows in advance, what he stands to gain and what he will lose if the trade is out-of-the-money. For example, when a trader sets a pending order in the forex market to trade a high-impact news event, there is no assurance that his trade will be filled at the entry price or that a losing trade will be closed out at the exit stop loss.

The payouts per trade are usually higher in binaries than with other forms of trading. This is achievable without jeopardising the account. In other markets, such payouts can only occur if a trader disregards all rules of money management and exposes a large amount of trading capital to the market, hoping for one big payout which never occurs in most cases. In order to trade the highly volatile forex or commodities markets, a trader has to have a reasonable amount of money as trading capital.

For instance, trading gold, a commodity with an intra-day volatility of up to 10, pips in times of high volatility, requires trading capital in tens of thousands of dollars. The payouts for binary options trades are drastically reduced when the odds for that trade succeeding are very high.

Of course in such situations, the trades are more unpredictable. Experienced traders can get around this by sourcing for these tools elsewhere; inexperienced traders who are new to the market are not as fortunate. This is changing for the better though, as operators mature and become aware of the need for these tools to attract traders.

Unlike in forex where traders can get accounts that allow them to trade mini- and micro-lots on small account sizes, many binary option brokers set a trading floor; minimum amounts which a trader can trade in the market. This makes it easier to lose too much capital when trading binaries. In this situation, four losing trades will blow the account. When trading a market like the forex or commodities market, it is possible to close a trade with minimal losses and open another profitable one, if a repeat analysis of the trade reveals the first trade to have been a mistake.

Where binaries are traded on an exchange, this is mitigated however. Spot forex traders might overlook time as a factor in their trading which is a very very big mistake.