Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

moneytalks

Anyone Knows How to Trade Forex Via Binary Options?

Recommended Posts

Hi Guys!

 

After doing some research about trading online. I stumbled upon Binary option and find it user-friendly. Although i dont know much about it, i feel that one can possibly win more and lose more money at the same time. Nevertheless, i think it's for someone like me who doesnt know much about trading.

 

Question: Anyone, who knows an effective way of minimizing loses in Binary options? Hopefully by experience and not textbook strategies. :)

Share this post


Link to post
Share on other sites
Hi Guys!

 

After doing some research about trading online. I stumbled upon Binary option and find it user-friendly. Although i dont know much about it, i feel that one can possibly win more and lose more money at the same time. Nevertheless, i think it's for someone like me who doesnt know much about trading.

 

Question: Anyone, who knows an effective way of minimizing loses in Binary options? Hopefully by experience and not textbook strategies. :)

 

Cutting loses? Well common sense suggest that you need more winning trades for that:)

But at the bottom try to gain better grasp of money management and it's importance in trading. Don't gamble and don't bank on luck - because it s a dead end way in trading.

If you still can't make a choice on trading platform I can suggest you to start on Optiontrade, I use this platform to hedge some Fx trades because of different risk/reward ratio there. Keep in mind that Binary Options is not Forex it just mirrors this market and similar to betting in other events like sport or others.

Share this post


Link to post
Share on other sites

I agree with @marty_trader unless you are trading binary options on a regulated exchange  (there is only one that is worth anything: Nadex), you might as well treat your deposit as a donation (the receiving broker certainly is looking at it this way 😂)

 

 

Share this post


Link to post
Share on other sites

Binary options in forex are available from exchanges such as Nadex which offers them on the most popular pairs such as USD-CAD, EUR-USD, and USD-JPY, as well as on a number of other widely-traded currency pairs. These options are offered with expirations ranging from intraday to daily and weekly. The tick size on spot forex binaries from Nadex is 1, and the tick value is $1.

The intraday forex binary options offered by Nadex expire hourly, while the daily ones expire at certain set times throughout the day. The weekly binary options expire at 3 P.M. on Friday.

For forex contracts, Nadex calculates the expiration value by taking the midpoint prices of the last 25 trades in the Forex Market, eliminates the highest five and lowest five prices, and then takes the arithmetic average of the remaining 15 prices.

Share this post


Link to post
Share on other sites
Posted (edited)

Trading with binary options is easy, and you do not need any previous experience. Below are some basic guidelines that we have compiled to help you start trading in a few minutes.

  1. To be a successful binary options trader, you need to use more than one broker. Choose one or more from our compiled list of brokers.
  2. Register with your chosen trading platform and deposit money to start trading. The minimum deposit for some trading platforms  or binary options robot is only $ 100.
  3. Select the asset to trade. Trading platforms have assets such as currencies, indices, commodities, and stocks. You can choose to trade in currencies, the popular one being EUR/USD.
  4. Decide on the amount to invest. When investing in an asset, you will see the payout or the returns for the asset, which can go up to 91%. Make your prediction on the movement of the price of the asset. If you predict the price of the asset to rise, select Call (up). If your prediction is that the price will fall, select Put (Down).
  5. When the trading closes after the given time, for example after 60 seconds, if it is a 60 seconds investment and you have made the correct prediction, then you win. An investment of $ 100 with a 90% payout means that you will have made 90 dollars in a few minutes.

 

Edited by mukti

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date : 26th June 2019. MACRO EVENTS & NEWS OF 26th June 2019.FX News Today A less than dovish comment from Fed dove Bullard, with the Chairman Powell soothed a bit, and along with the usual trade uncertainty and US-Iran concerns, all combined with softer US data to take Wall Street and Treasury yields lower overnight. Hence in Asia session, the rally on bond markets run out of steam and stocks struggled as optimism on an immediate rate cut from the Fed and a breakthrough in US-Sino trade talk fades. Fed Chair Powell repeated the phrase the Fed is “closely monitoring“. He highlighted downside risks to the economy again, but didn’t go beyond last week’s guidance on rates. Presidents Trump and Xi are likely to meet on Saturday, where they may agree to reopen trade talks. Source stories meanwhile suggest that the US is willing to suspend the next round of China tariffs if trade talks resume, but Trump and Xi Jinping are not expected to agree on a detailed trade deal at the G-20 meeting. Against that background stock markets struggled during the Asian session. Topix and Nikkei corrected -0.71% and -0.70% respectively The RBNZ kept rates at record lows, but said further cuts may be needed. The WTI future is trading at $59.10 per barrel amid US-Iran tensions. German consumer confidence deteriorates. It fell back to 9.8 in the advance July reading. This is the lowest number since April 2017. Charts of the DayTechnician’s Corner EURCHF has found a footing into 1.10 area after coming under significant pressure last week, in the wake of ECB President Draghi’s eyebrow raising dovish shift, which has been the most notable of a growing chorus of dovish voices on the central bank’s governing council. Assuming the ECB remains on the path of further monetary policy easing ,the EURCHF is expected to retain a declining bias. The SNB’s -0.75% deposit rate and threat of tactical intervention hasn’t been sufficient to arrest recent appreciation of the Franc. Main Macro Events Today   ECB’s Mersch speech (EUR, GMT 08:00) BoE’s Governor Carney speech (GBP, GMT 09:00) Durable Goods (USD, GMT 12:30) – Durable goods orders are expected to be flat in May, after a -2.1% figure in April. Transportation orders should fall -0.5%. Boeing orders fell to just zero from a dismal 4 in April, with the hit from problems with the Boeing 737 Max that prompted buyers to delay new purchase commitments. Support and Resistance levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date : 25th June 2019. MACRO EVENTS & NEWS OF 25th June 2019.FX News Today Treasury yields extended declines in a quiet and cautious Monday action. The front end and belly of the curve mostly led the way on safe haven flows and as the FOMC’s more dovish than expected twist last Wednesday continued to support. Equities were little changed after a narrow, range bound trade. Tensions with Iran continued to drive cash into the safety of Treasuries, especially after President Trump announced he was placing more sanctions against its supreme leader and other top Iran officials has closed the path to a diplomatic solution (on the Ayatollah Khamenei, personally). US futures are down -0.2-0.5% as traders await Powell’s speech today. TheWTI future saw a high of $57.98 per barrel before pulling back slightly to now $57.45. Wall Street was in a more wait-and-see mode on the geopolitical risks, and as global markets await the U.S.-China trade talks at the G20 later in the week. Charts of the DayTechnician’s Corner EURUSD printed fresh 3-month highs just over 1.1411, up from 1.1380 lows at the open. The Euro moved to session highs after the weaker Dallas Fed index. The pairing ran into sellers at 1.1400, seeing a pullback to 1.1386 lows. Prospects for a July Fed rate cut continue to weigh on the Dollar, though soft EU data are likely to push the ECB toward further stimulus over the next few months, largely offsetting potential Fed policy easing. The March 20 high of 1.1448 is the next resistance level. Gold has printed five-plus year highs of $1,439.11, up from opening lows of $1,418.17. US/Iran tensions, along with potential for a Fed rate cut in July, and a weaker Dollar have all combined to put a bid under gold prices. The contract can be expected to remain in buy-the-dip mode for the foreseeable future, and continue to benefit from safe-haven flows on any fresh clashes in the Mideast. Main Macro Events Today NO OPEC Meeting in June –The dates of the separate OPEC ministerial meeting and of OPEC and its allies, known as OPEC+, have been changed to July 1-2, from June 25-26. CB Consumer Confidence (USD, GMT 14:00) – The Consumer Confidence is expected to slip to 133.5 in June from 134.1 in May, versus a 16-month low of 121.7 as recently as January and an 18-year high of 137.9 in October. Overall, confidence measures remain historically high. Fed’s Chair Powell speech (USD, GMT 17:00) Support and Resistance levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Yep, it's really uncomfortable to trade from tablet or Android. But for whom how
    • Ethereum Price Prediction: Long-term (ETH) Value Forecast – June 22   ETH/USD Long-term Trend: Ranging   ·         Resistance Levels: $300, $320, $340 ·         Support Levels: $280, $260, $240   The ETH/USD pair is now in a bullish trend. In the last one month, the price of Ethereum had been trading between the levels of $220 and $280. The bulls had made several attempts to break out this range but to no avail. On June 21, the bulls broke the $280 upper price range and reached the previous high of $315 price level.   The 12-day EMA and the 26-day EMA are trending  northward indicating an uptrend. A trend line has been drawn to determine the duration of the bullish trend. If a bullish trend is ongoing, the candlestick will test the trend line and make an upward move to the previous highs or new highs.   eETH/USD pair is still in a bullish trend. However, if price breaks the trend line and another candlestick closes on the opposite of it; the bullish trend is said to be terminated. The ETH price is expected to reach a high of $340 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.     The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.                                                                                                                   Top of Form                             Source: www.bitcoinexchangeguide.com     
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.