What to look for in a broker’s mobile trading app?

mobile trading

When choosing a binary options broker, one of the things you would want to check is whether it has a mobile trading platform and how good it is. Even if you are mainly trading using a desktop and are not planning to trade on the go, having such an opportunity will come handy when traveling or just commuting to work. It’s nice to have an option to earn some money even then, so make sure you have one.

With this in mind, is there anything specific one should look for in a mobile trading app? The answer yes, and here is what you need to consider.

1. Updated rates always available.

The most important thing, as well as the biggest challenge, is the availability of a continuous flow of updated rates in your mobile app. Some delays for a few minutes or even hours occur often in some apps. This is either because of some technical problems or a weak internet connection. What you need to look for is the assurance that the rates are taken from the feed which is later converted using a web socket. This way, the rates are then usually the same as those on the web server.

2. No internet problems.

In case you move from WIFI to a mobile network, your mobile trading application has to be able to recover all the data and operations that were conducted during this move. At that point, a user will not be disconnected and will be able to continue using the app and not lose any data. To assure this is not as easy as it sounds. If it just so happens that you just opened a position, you need to be sure that you can continue from the last action you conducted with the previous connection. This requires a great degree of technical backup. Any mobile trading app should also have an offline mode available. It’s not the best, but it gives you more access not depending on the circumstances they might encounter. When offline, you should still be able to access basic features such as you trading history.

3. Quick processing time.

It’s pretty obvious that the fastest possible processing time should be a priority for mobile trading. Once you have placed a trade, a broker should be able to quickly proceed with it.  In case there is any delay, the whole point of the deal might be lost, especially if your trade had a short expiration time. Speed is everything in trading, so that’s definitely a thing you would want to have in your mobile app.

4. User-friendly.

No matter how fast and reliable the app is if it’s heavy and difficult to use, there is no way your trading will be successful. Having to trade on a mobile device makes the design much more important than anywhere else. The way it looks and feels needs to needs to be carefully considered and cannot be compromised just as its performance characteristics.

If the app is overloaded with information, this is also awful for the user. It’s important to be able to differentiate between information that is crucial, less important and not important at all. Make sure you can do so at the fist glance at the app.

5. Secure.

For sure, one of the biggest concerns of traders when trading on mobile is security.  How safe is it to trade using your smartphone after all? No need to worry about that! People are often worried about security on mobile devices However, this is just a matter of stereotype. Nowadays, mobile trading is just as secure as any other form of it. On a mobile just as on a desktop, the level of security is pretty high. So your only concern should be choosing a reliable broker. If desktop trading is secure with it, mobile trading is as well.

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China Outperforms Other Regions in the First-time Binary Options Deposits

IQoption

We at 7 Binary Options were quite amazed at the latest binary options industry reports. According to the data presented in them, China well outperformed other regions in regards to the first-time binary options deposits. According to the sign-ups in this region in January 2017, the attention to this region really paid off: the new users from China that opened their accounts during this month with the biggest deposits than on any new market before this.

So what are the countries that are leaders in first-time binary options deposits?

They are the following: China, Turkey, Germany, Poland, the UK, Slovenia, Singapore, France, Switzerland, the Netherlands. Let’s take a look at the diagram below:

first deposits in binary options by country

 

However, China still has to show a lot of progress in order to break the overall deposit record. This ranking is still mostly dominated by rich countries (UK, Singapore, Kenya, Australia, the Netherlands, Denmark, Poland, Kazakhstan, Mexico, Cyprus). Check out the diagram illustrating this ranking below:

average deposits in binary options

So there’s definitely a long way to develop for this market. But as we can see, it already started strong and keeps on growing. So it is possible that in a short period of time we’ll see the last graph change to include China as well.

The latest publications about the binary options industry are created with a simple approach of including the data from the main sources of top players on the market.

Nowadays in the trading world, big-data analysis and having access to carefully selected and objective information sources are all very important things for success. Until recently, it has been very difficult to get it and quite costly as well, if possible at all, especially when it comes to practical information, statistics, etc.

Precisely for this reason, 7 Binary Options reviews all the important industry events daily in order to keep our readers up-to-date with everything that is happening on the market. Additionally, you can always check out our Education section with dozens of useful and helpful articles for binary options traders of all levels of experience and knowledge.

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Binary Options Trends in 2017

How to Make Money Online with Binary Options Trading2016 has been an eventful year for everyone in the world, and the binary options industry is no exceptions. This turbulent year brought many game changers and memorable events such as binary options broker partnerships with other companies and sports stars, great promotions, top brokers acquisitions, amazing trading results fro some of our top recommended brokers, improvement in security and much more.

As the new year approaches, we take a look at those events to predict what await binary options trades in 2017.

  1. More Trust in Licensed Brokers

    As we’ve seen this year, binary options regulatory bodies such as CySEC are gaining more and more authority. This is understandable and very positive for the industry, as trading with a licensed broker is more secure.

  2. More Features and Options for Trading

    In 2017, many brokers tried to compete by adding more interesting features to their platforms. This included CFD trading, price alerts, economic calendar, advanced reports. As the binary options market becomes more and more competitive, we foresee more of these changes next year.

  3. Binary Options Trading Volumes Increase on New Markets

    Recently we have witnessed the increase of binary options trading in new parts of the world, particularly in Australia, Japan and many Asian countries. This is likely to continue in the near future.

  4. Sponsorship deals with celebrities

    Signing partnership has been around for a while. In the past, it included mostly football clubs and other sports stars. We predict more of those in 2017 as well as those partnerships expanding their focus to include all kinds of celebrities.

  5. More Attention to Mobile Trading

    As we are more and more on-the-go constantly, mobile trading became a vital component for any broker. Those who still don’t have anything to offer in this are will quickly catch up soon.

  6. More Educational Resources

    Times, when we believed that no knowledge is required for being a successful trader, are long ago over. We want to know more about the market and how to make better choices. And what differentiates a good broker from a bad one is the will to educate its traders. So educational materials are likely to become more available in the future.

  7. Security Improvement

    Being able to trade without worrying about your funds and identity safety is vital. Many binary options brokers have already implemented new technology to protect their traders, and others are likely to catch up soon.

Whatever 2017 brings, one thing is for sure: we’ll be here to help our readers in making good choices while trading binary options next year. By knowing top players in the industry and being constantly updated about current trends and novelties, you are sure to have a better chance of benefiting from your trading experience and enjoying it more. Happy New Year!

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OptionFair Brings Record Results in First Half 2016

Optionfair logoTechFinancials Inc, a successful brokerage group and binary options platform, has recently published its financial report for the first half of 2016. It displayed major improvement and even record results for the company, and especially its binary options broker OptionFair.

It is clear from the report that TechFinancials had the best six months in terms of revenues since its very creation. Overall, since the beginning of this year, the company brought a total of USD $9.9 million revenue. This result is nearly equally divided between its B2B software solution platform (that brought in $5.4 million) and the binary options broker OptionsFair (that resulted in $4.5 million). To compare this result with the second half of last year when OptionFair had only $1.7 million in revenue, we get the improvement of 164% overall in the past half a year. It marks a truly incredible breakthrough for the company.

Optionfair Banner

Reasons for success

When commenting on its extraordinary performance this year, the company mentioned the importance of forming DragonFinancials, a partnership with Optiofortune, a binary options platform that is mainly focused on Asia Pacific region. After the establishment of this partnership earlier this year, it proved to be a beneficial move for TechFinancials as it has been operating better than ever before.

Another reason for this remarkable success, according to the company, might be the fact that in the beginning of this year it launched its third trading platform that has been focused on Contracts for Difference. This is a great addition to last year’s initiatives: Mobile Platform and Forex Platform.

All in all, the company is very pleased with these results. It seems like the TechFinancial strategy for development that included the agreement with Optionfortune, investments in new launches and touching new markets by opening a new office in Hong Kong is finally paying off. Now more than ever, the company is sure to reach its goals for 2016 and present an even better report at the end of this year.

OptionFair Star Trading

Trading with OptionsFair

OptionsFair is a strategically designed binary options platform that has a lot to offer to anyone interested in trading. Its goal is to provide secure trading to its customers while still offering a wide variety of investment assets. It is also very user-friendly and makes the trading experience with it not only profitable but also highly enjoyable. The service and customer support are available in many languages, making it more accessible to traders all around the world than any other binary options platform.

So it looks like now is a really good time to give OptionFair a try, if you haven’t yet. The company’s financial report speaks for itself and makes us more secure than ever in recommending this trading platform to our readers.

The report is available for general public and can be read here.

OptionFair Articles:

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How is BREXIT affecting Binary Options Industry?

Brexit and tradingIt is not new to anyone that Britain has decided to leave the European Union. It will soon be two months since Europe was shocked by this decision and is still making its way into dealing with this change. People in every industry that is dependent on the international market are experiencing uncertainty and not sure what will come out of this. But how is it affecting binary options traders around the world? Let’s have a look.

Starting with the basics, “Brexit” stands for British Exit. It was the election promise  of David Cameron before becoming a Prime minister that a referendum will be held to find out whether the British still wanted their country to be a part of the EU. As a result, on June 23rd this year 51,89% of the population voted to leave. With it being just a little bit more than half of the voters, the decision made huge waves and became controversial both in Britain and around the world. Even more so since the majority of those who voted to leave are from England and Wales, while Scotland and Northern Irland voted mostly to remain. Two months later, here’s the Brexit vote aftermath.

What Is Happening Now?

As of August 2016, nothing much has changed. The United Kingdom remains a full member of the European Union, as neither terms, nor a schedule of the country’s exit from the Union have been established. Cecilia Malmstrom, the EU Trade Commissioner, has stated that negotiations about the trade between the UK and the EU until the full exit process is completed.

What are the effects on Binary Options Industry?

For one thing, the Brexit vote has definitely caused a wave of instability in the binary options market. With GBT collapsing right after the announcement of the referendum results, other currencies have also gone through some changes. Many experienced traders voiced their concerns about what’s going to happen with the market since FCA regulations are considered among the best ones in the world. In addition, CySEC had a say for regulations in the UK, and it seems that eventually things for some brokers will have to change.

cysecCySEC and BREXIT Results

CySEC, the main regulator for binary options in the European Union, had a quick reaction to the results of the referendum. It has immediately asked all its licensed brokers to report how the Brexit vote will affect their activities. This step was very important to protect the traders from some possible consequences and the quick actions of the most important binary options regulatory body in Europe were remarkably satisfactory.

fcaFCA and BREXIT results

FCA, the main British regulatory body, assured everyone that there is no need to panic since financial regulations for everyone, including binary options brokers, will depend on the future status of the UK in the European Union. Until any changes are made by Government, the UK regulations will stay the same.

Conclusion

Overall, even though the Brexit vote was a huge shock for the financial market this year, it is safe to say that consumer’s rights and protections are so far unaffected by the results of the UK referendum this June. It will remain so until the Government makes any decisions.

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Banc de Binary adds Novice Trader for beginner traders

Banc de Binary logoOne of our top recommended brokers, Banc de Binary, recently announced great changes for their beginner traders. The broker has decided to add a new innovative system specially designed for those who just started trading. Its aim is to allow practicing without taking deals that are too risky for a newbie.

Now, using Novice Trader, you are able to learn everything you need for succeeding in the binary options world while not being worried about losing money. That’s because under this new system all traders are limited to the maximum investment of $10.

And that is not the only way Banc de Binary will be helping beginners with this new addition. Apart from trading, there is also unlimited access to all the learning materials: webinars, eBooks, seminars, etc for as long you need. This will improve new traders skills and understanding of the industry, no doubt in that.

Novice trader went through the careful study and approval as a Beta version and now is officially a part of Banc de Binary training platform. A simple limitation of $10 makes new users feel more in control of their trading experience while learning materials and support prepares them for further steps.

banner banc de binary

Revolutionary new system for beginners.

This approach has never been used before by any other broker and, at the moment, is proving to be very beneficial for both a trader and the broker. $10 is just the right amount of investment to start with and understand the system!

Since consumer rights are the main concern of the industry, this innovative new approach can quickly become a trend and eventually even be compulsory for brokers to implement. Inexperienced traders that are just starting out are often vulnerable to all kinds of risks and often make mistakes. Having some special system that will protect them and prepare them for the future seems like the right way to go.

banner banc de binary

Banc de Binary is officially a sponsor of Paralympics Team

Continuing the topic of Banc de Binary making a difference in the world, there’s another way this exceptional broker is helping people who are asking for their support. This year they have decided to become a sponsor the Cyprus Paralympic Powerlifting Team. The sponsorship has been officially signed for this training season and will help the team in competing in Tokyo in 2020.

Powerlifting is very popular in Cyprus and the country has high hopes for its team. Having such sponsorships is what makes it possible for small countries have strong teams in international competitions. We are proud of Banc de Binary for supporting their team!

Banc de Binary is truly one of the most socially conscious and reliable brokers. They are constantly proving how much the care for their customers and everyone else. The broker offers great benefits to its traders, user-friendly platform and great customer support, so it is our pleasure to have them on our top recommended brokers list.

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Improvement of security on the AnyOption website

AnyOption logoOne of the most well-known binary brokers, AnyOption, recently improved their website privacy and security by implementing a new interesting feature. Keesing Technologies developed “AuthenticScan” system specifically to solve those issues. Implementation of this innovative technology novelty makes every feature of AnyOption safer for its users.

This is not the first time AnyOption uses innovative technologies to improve the experience of its users. Only last year they developed the famous bubbles trading. This time, they went even further and tackled issues that have crucial importance to its users. Now, traders are operating in an encrypted environment and can transfer all their data in conditions that are controlled by the system.

Request to take measures for improving security in the binary industry have been voiced frequently in the last few months by regulatory bodies. AnyOption reacted to them very quickly. As a result, traders don’t need to worry about their personal data or financial information anymore.
Anyoption banner

How does “AuthenticScan” work?

The “AuthenticScan” system is used for different types of authentication. They include passports, IDs, official documents, etc. It works very fast and in just a few moments determines whether the document is authentic or not. Many institutions that have requirements for security are currently using this system.

In the binary industry, it sometimes happens that unverified documents are used or data stolen. AnyOption, among other responsible brokers, made sure they provide safe environment for their traders.

Anyoption banner

Trade and win Italian Grand Prix tickets!

There are always some interesting competitions with AnyOption. Now you can participate and win tickets to Italian Grand Prix!

The main prize includes round trip to Italy, room in a luxury hotel and premium tickets for the event. It will be awarded to the trader with the highest number of successful trades in the period from 1st of August to 23rd of August. Traders wishing to participate in this competition have to meet the minimum amount condition. But tickets is not the only prize!  Apart from this, participants can win Apple watch, laptop or an Xbox.

There are some conditions for participation. No withdrawals are allowed during the competition, and doing so will automatically disqualify the trader. The minimum investment is $25 in the first week and is increased by $25 every following week, thus making $100 minimum trade in the last week.

AnyOption is a highly reliable broker that is recommended by many traders. They constantly working on improving their user experience and securing the best possible way of trading.

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Aston Martin Racing Team Announces New Partnership With IQ Option

Aston Martin Racing Team Announces New Partnership With IQ OptionAston Martin Racing is pleased to reveal their new affiliation with IQ Options, renowned binary options broker. IQ Option will be partnering with the racing team throughout the entire 2016 season.

Based in Europe, IQ Option, provides its customers with some of the most profitable terms for binary options trading. They are known for employing new and innovative digital applications to aid their clients in generating successful trades, while minimizing risk. They have been acclaimed by Global Brands Magazine as the “Fastest Growing Binary Options Brand, Europe.” The firm’s logo will now be featured on every factory racing car in the top-tier GT competition this coming season.

This exciting news is the first of many announcements in the upcoming weeks for the successful company based in Banbury.

A renowned binary options broker, IQ Option offers a wide array of assets which includes, but is not limited to: stocks, currency pairs, indices, precious metals, commodities, and even Bitcoins. With only two probable end results for every trade, IQ Option offers traders the chance to attain up to an 85% payout of their initial investment when a precise market calculation is made, using this low-risk trading method.

“We warmly welcome IQ Option to the Aston Martin Racing family,” said John Gaw, Managing Director of Aston Martin Racing, “and we particularly look forward to including them in our wider 2016 plans. While their branding will feature prominently on all AMR race cars throughout the season, there will be an exciting new IQ Option livery cloaking to one of our entries later in the year.”

More exciting details of this new partnership will be unveiled at the company’s 2016 launch, which takes place on Friday, February 10th at Aston Martin Racing’s corporate office in Gaydon.

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Qualities that Make a Binary Options Broker the Best

Qualities that Make a Binary Options Broker the BestBased on my own observations, one of the commonly asked questions in the binary options industry is, what makes a binary options broker the best? Actually, if the number of times that traders in binary options ask this question was valued in terms of money, it would sum up to a lot of money. This is to say that a god number of traders in his industry are constantly looking for the qualities of a good binary options broker; hence be in a position to make the right investment decision. As a matter of fact, the choice of broker, for the experienced as well as the aspiring traders in the binary options industry, is one of the big challenges today.

It is for the same reason that the majority of binary options traders spend a considerable amount of time researching the internet for the best binary options broker. The main challenge with such internet searches is that a horde of brokers will have a lot of enticing information, regarding their binary options trading platforms. Due to such incentives, many traders fall prey to brokers that are not necessarily the best. While some traders are yet to understand this, the choice of binary options broker can greatly influence your success in trading binary options. As such, traders in binary options should only opt for the best brokers in the binary options industry. However, you should also bear in mind that you also need to make use of the right trading strategy for you to succeed in binary options trading, even if you are using the best broker.

The Search for the Best Broker

Currently, there are numerous online discussion forums that highlight the benefits of investing in the financial market through the various binary options brokers. It is the same forums that discuss the best binary options trading strategies that traders may use to succeed in binary options trading. This being the case, the main question is, can it be possible for traders to better their binary options trading performance by merely improving on their trading strategy or do they need to couple this with the choice of binary options broker?

Currently, the financial market in the various parts of the world is highly regulated. As such, I actually wonder whether there is any significant difference between the various brokers in the industry. Again, I also wonder what makes some brokers stand out from the rest. You may also be one of the binary options brokers wondering whether such differences can actually affect your performance as a trader in the financial market. Mentioned below are the key aspects that make a binary options broker the best, as compared to others:

The Returns Offered

Among the main aspects that separate the good binary options brokers from the bad ones is the profitably they offer traders on their binary options trading platforms. Although competition between brokers in the financial market is still stiff, the returns offered by the various brokers still vary a lot. For instance, the returns offered by various renowned brokers on the EUR/USD currency pair are between 72 and 83 percent. Although this range does not put any rebate percentage into consideration, a difference of 11 percent between the highest and the lowest returns offered by the various well renowned brokers is still significant. If different traders were to successfully trade this currency pair for, say 10 trades, on different trading platforms, the difference in profit would still be significant. As such, you need to consider the returns percentage offered by a broker while searching for the best binary options broker.

binary option robot

Functionality of the Trading Platform

The functionality of the trading platform offered by any binary options broker is another aspect that you need to put into consideration in your search for the best binary options broker. This is mainly determined by the tools and features offered by the trading platform. It is for this reason that an increasing number of brokers and binary option robots are constantly updating the range of features and tools offered by their binary options trading platforms. In this regard, the best broker is the one that offers the features and tools that you need to enhance your success in trading binary options.

Support Features on Offer

While it may be a bit difficult for traders to test the support features offered by the various binary options brokers, this is still a consideration that you need to make while searching for the best provider in the industry. Basically, the support features and services offered by any binary options broker end up affecting the reputation of the broker among traders. A good number of brokers that have a poor user rating is because they handle complaints by their customers inappropriately, at a slow rate or just ignore such complaints. For this reason, you will need to consider user reviews of the brokers you are considering to invest with.

For you to have a good experience while trading binary options on any platform and succeed while at it, you will require quality support services and features from time to time. As such, a broker that responds to queries in a timely manner and handles customer complaints appropriately is the best choice. Additionally, it should also be easy for you traders to contact the customer care representatives whenever they have an issue that they would like the company to address.

With so many considerations to make while looking for the best binary options broker, many traders are having a hard time making this choice. To sum it up, the best broker is the one that will have the least interference on your trading activities. Again, you also need to ensure that the broker is regulated by the appropriate body (s), offers the features and tools you desire to execute your trading strategy and offers good returns on the positions you open.

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The Seven Key Signs of Success in Binary Options

The Seven Key Signs of Success in Binary OptionsThe goal of most traders when they start trading binary options is to become successful in the trade and profit continually from the binary options trades they open on the platform they are using. Unfortunately, not all traders become successful in trading binary options. Even with various binary options trading strategies and round-the-clock financial markets at their disposal, a good number of binary options traders are bound to fail to achieve the success and profits they desire.

Despite the fact that most traders do not succeed in trading binary options, many people are still trying their hands on the trade. This may be attributed to the high profits and ease of trading that is promised by the various online binary options brokers today. Generally, of all the new traders venturing into the financial markets, only about 5 percent are likely to succeed in trading binary options. Even so, many people from the various pars of the globe are venturing into the trade, maybe because of being overconfident. Although this is a small figure, bearing in mid that thousands of traders are trading binary options, it is still possible to succeed while trading binary options. So, what does it take for one to be a successful binary options trader? Below are some of the aspects that will make you a successful binary options trader.

  1. Knowing How to Interpret the Charts

One of the things that define a successful trader is the ability to use the various binary options trading tools, including the charts. In the current market scenario, it is common for trader to want to accumulate an array of trading tools and strategies without taking the time to understand how each of them works. This is to say that a trader may be having numerous trading tools at his or her disposal, but does not know to use each of them effectively. In this regard, learning how to effectively read the trading charts offered by your binary options broker is important, when it comes to succeeding in the financial markets. Long before a trade indicator is loaded, a successful trader should be in a position to have a clear idea of the current price action and be able to tell whether the price is likely to fall or rise.

If you are looking forward to succeeding in this trade, it is important that you learn how to interpret a char that has is stripped bare. With this key skill, you can apply it to the market in general or the assets you would like to trade; hence make profit.

  1. Use A Trading Strategy That You Have Tested

If you are serious with your binary options trading ambitions, you should take time to research on the most appropriate trading strategy and test it. This is why a number of the well renowned brokers are offering demo trading accounts. You should take advantage of such accounts to try out the strategy you intent to use. This way, you will be able to know the weaknesses of the strategy; hence refine it prior to applying it in the real binary options trading environment. With a good demo trading account, you can easily learn a lot about your trading skills as the method of treading you are using. If you are a beginner in this trade, it is advisable to first utile a demo trading account for this purpose before you invest in the real trading environment.

Contrary, if you use a hap-hazard approach on your demo trading account, an approach that entails staking large amounts in order to make huge profits, you are not likely to learn the basics of trading binary options. In such a case, the demo account will be of no use to you. Even if the strategy you intent to use has been tried and verified by another trader, it is highly advisable that you try it out prior to applying it. Again, the variables in the market, the broker you are using and your personal approach to binary options trading May also affect your success in the financial markets.

binary option robot

  1. Put Indicators Into Consideration

Many traders in the binary options trading industry look for an indicator and apply it in their accounts repeatedly until they accounts hit a draw-down, then only do they realize that the indicator is not good. They then look for another indicator and repeat the same. This is very unfortunate because 99 percent of trader in the financial markets do not understand that succeeding in this trade takes more than just applying indicators. Although there is nothing wrong with using trade indicators, it is inappropriate to rely on them too much. Some traders find these indicators a great addition to their lists of trading tools. However, a good number of the successful binary options traders do not use the indicators completely. This implies that indicators are not a requirement, with regards to profiting while trading binary options. In the contrary, they are just a small portion of the trading jigsaw.

  1. Understand How Emotions Can Affect Your Trading

You may already be aware that trading binary options evokes certain emotions. With this in mind, it is important that your emotions affect your trading activity. As such, you will be able to prevent such emotions from clouding your trading activity as well as judgment. A good example of this situation is whereby a trader puts a break because he or she loses a couple of trades in a row or where a trader decides to stop trading for the day after hitting a pre-determined amount of profit. As a successful trader that you anticipate to be, you should learn how to discipline your trading activity. To succeed in trading binary options, you must be able to control your emotions effectively; hence prevent them from influencing your trading decisions.

  1. Adhere to Your Signals

Even the experienced binary options traders will tell you that it is very tempting for traders to abandon their pre-set trading plat and instead chase the market. In most cases, this decision ends in losses. As such, you should learn to resist this temptation and stick to your signals. Your trading approach should mainly rely on high probability trading. Additionally, it is advisable to trade only when the market conditions are right. Trading outside one’s planned strategy is mostly influenced by emotions. Successful traders in binary options always draw up a trading plan and stick to it throughout their trading day. Similarly, you need to practice this in order to succeed in this trade.

  1. Trade Based on Your Strengths

While gambling, it highly impossible to win a game of card by playing the weakest hand. Similarly, succeeding in binary options requires traders to find out their strengths and weaknesses. Once you have ascertained your trading strengths, you should align your trading strategy to them. The ability to ascertain your trading weaknesses and strengths is among the best qualities of a good binary options trader. To achieve this, you need to be honest with yourself and admit your failures. For instance, if you happen to have a problem trading short term options, you should omit them from your trading plan. This way, you will become a successful trader in binary options; hence profit from the trade.

  1. Have Long-Term Trading Plans

Most of the people venturing into the binary options trading industry are hopping to make easy and quick money; hence retire early. While there are numerous stories of traders growing their investment immensely in a matter of minutes or hours, these are just that—stories. The fact of the matter is that you need to be both realistic with your expectations and remain committed to the course. This is mostly overlooked by many traders, but is a key aspect, with regards to becoming a successful binary options trader.

Most of the investors in binary options fail. However, if you take time to learn the trade and remain committed to the trade, it is possible to succeed in the binary options industry.

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