Opteck Launches a New Mobile Trading Platform

opteck-logoOpteck has been on our list of TOP recommended brokers for years and it still manages to positively surprise us. Only recently we have reported that this binary options and CFDs regulated broker added more cool features. Among them was the above mentioned CFD trading that put Opteck services on the entirely new level, price alerts, economic calendar and advanced reports.

Earlier this month Opteck managed to make news once again: the broker reported launching a brand new mobile platform. What does it look like and how will it benefit our readers? Let’s find out.

Opteck New Mobile Trading Platform

Launching a new mobile trading platform is yet another step in the Opteck strategy to expand its market and attract new traders by adding new features and trading possibilities.

The new platform is designed for any kind of mobile devices such as smartphones and various tablets. The app offers real-time binary options and CFD trading experience and includes over one thousand global assets: stocks, forex, indices and commodities. Basically, all the choices that traders have when trading from their laptop or computer.

The app is very visually appealing. A full dashboard trading platform is displayed on smaller devices without losing any of its functionality. The features that are available for mobile traders include one-click trading, risk management tools, advanced portfolio reports and, of course, price alerts.

The interface is very user-friendly. It is easy to navigate and opening a trade takes just a second with one-click trading feature. Also, traders can download educational materials to their mobile devices using this platform.

Screenshot

Conclusion

Opteck is one of the most attractive brokers one can choose for binary options trading. It holds a valid license issued by Cyprus Securities and Exchange Commission (CySec). It also offers great customer support in many languages such as Arabic, Russian, Turkish and most European languages. In addition, it offers fast withdrawals and is extremely easy to use. Now that it is also possible to trade using the new Opteck mobile trading platform, trading with this broker is easier than ever.

Read our full Opteck Broker review.

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TraderVC Broker available on Binary Options Robot

Binary Option Robot logoLast year we at 7BO were simply amazed by how many interesting and positive innovations Binary Options Robot has brought to the binary options world. It has implemented new features such as a pop-up window every time a new signal happens on the market. It has also made it possible for its platform users to trade with a well-known 24Option broker.

And it looks like in 2017 Binary Options Robot is not planning to stop! Earlier this month it has announced the newest addition to its broker family. Now it is possible for traders to sign up with TraderVC broker. Of course, we went ahead to find out more about it. Read on!

Open Free Account

Screenshot of the Website

Binary Option Robot Screenshot

TraderVC Broker: Basic Information

According to Binary Options Robot, TraderVC is one of the most reliable and attractive brokers on the market. It has a minimum deposit requirement of $250 (or $500 for those who are using bank wire), which is quite standard for the industry. The minimum trade is only $5.

As for the deposit and withdrawal methods, there are plenty. First of all, it is possible to use credit cards such as Visa, MasterCard or Maestro. Many e-wallets such as Skrill, Neteller,  WebMoney or PayPal are all available for traders. And, finally, the above-mentioned bank wire is also an option. The broker says to be working on adding more options in the nearest future. The withdrawal request takes up to 10 working days. One withdrawal per month can be done for free. Any additional withdrawal has a $30 fee.

All in all, as you can see, Trader VC seems to be quite standard in its trading conditions. It does seem to be quite promising, especially knowing that Binary Options Robot considers it to be safe and reliable. We are looking forward to hearing more about the results of this cooperation in the future.

How to Open an Account

The first step is, of course, registering with Binary Options Robot, if you haven’t done so already. The procedure is fast and simple and takes only a few minutes to complete. If in doubt, check out the explanatory video below.

After you complete the registration with Binary Options Robot, you can go to the dashboard and select “open account” button next to the TraderVC icon. It will automatically take to the broker registration page. There you will need to give your basic information, credit card details and verify your identity.

And just like that, you are ready to trade!

Open Free Account

Video Explaining How to Open an Account on Binary Options Robot

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Binary Option Robot releases an Android App

Binary Option Robot logoGreat news for Android users trading binary options! One of the most popular auto trading software, Binary Option Robot, presented its brand new Android App this week. This Binary Option Robot has proven to be one of the best in the market and currently supports only leading brokers. And now with the new mobile app, it is more accessible than ever.

If you are an Android user, all that you have to do to give it a try is heading to your Google Play Store and downloading this app completely free of charge. The app looks great and is easy to use while offering all the same features as Binary Option Robot desktop version. This means that you can get the exact same quality of trading while on the go.

When using the new Android App by Binary Option Robot, it is also very easy to make a deposit with a broker of your choice. If you wish to select a different broker, it is also possible to do with the mobile version of the Binary Option Robot.

binary-option-robot-android-1

Open Free Account

To sign in, you simply need to enter the email and password you were using with the desktop robot or choose to sign in with one of the social networks available (either Facebook of Google+). With this easy approach, you can keep up to date with your trading progress when traveling, working or simply hanging out with friends. We can all agree that in the era of mobile devices, this is a very useful addition for binary option traders.

How it works

The idea behind any auto trading software is relatively simple: it uses sophisticated algorithms by compiling a big amount of data from previous years to predict changes in the binary options market. This is particularly great for beginner traders who want to start working with binary options without understanding all the difficult details.

Another good thing about auto trading is that it is completely adaptable to trade’s preferences. One is absolutely free to choose a broker that is best for him, the level of risk, etc. You can consult different broker reviews to make your choice, find out about possible strategies or ask other traders for advice, but everything is still entirely up to you. This way, you are still in control of your trading process when using Binary Option Robot.

Video on How to Open an Account

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How to Trade Binary Options

How to Trade Binary OptionsIn Binary Options trading the investor has to merely predict whether the price of an asset will rise or fall at the end of a given period. These include indices, currencies, and so forth. This does not depend on the actual amount of the change in the price of the asset, etc, just solely on the fact that it will rise or fall by the end of the expiry time. Binary options can be very profitable, if the trader accurately predicts whether the price will decrease or increase from the opening prices. The expiry times in binary options range from 60 seconds to several hours.

If the trader makes the correct prediction (i.e.: it is “in the money”), the profit is determined based upon a predetermined percentage, which was decided upon at the start of the “life cycle” of that particular contract. If the market does not go as the trader predicted, the investment has expired “out of the money”, hence the trader will lose the entire amount they had invested.

In other words, Binary Options trading can be summarized as “all or nothing” trading and is similar to “Under/Over” sports betting, in which the player must choose between only two possible outcomes, either win or lose. Only in binary options the trader must choose between the rise or fall of the particular asset, commodity, etc.

binary option robot

Types of Binary Options

The most popular type of binary options are the “high/low fixed price.” The traders must determine if the underlying asset price will increase or decreases by the end of the expiry period.

In “On Touch,” or single fulfillment binary options, it is enough for the title value to “touch” the predetermined price at least once by the end of the expiry time for it to be profitable. This could be either a lower or higher price threshold.

With “Binary Range” contracts, the trader must predict whether the asset price will be within a predetermined range of values at the end of the expiry time or not.

Example of Binary Options Trading

Suppose the traders predicts that in four hours the price of silver will be higher than the current rate, but does not have to determine how much higher the amount will be. The trader will select the “Call” time for the product (i.e. 4 hours) and the amount he wants to trade (i.e. $100) Let’s say the yield of this trade is 80% preset.

In 4 hours, if the prices of silver has risen from the current rate, regardless of how much, the investor will receive $180, $100 from the original investment put $80 in profit from the 80% yield. If the price of gold fell below the current rate at the end of the 4 hour expiry time, the investor will lose the entire investment amount.

On the same token, when investors predict the fall in the price of the asset, they must chose the “Put” option. If the market price falls the contract will expire “in the money” while if it rises it is “out of the money.”

The investor has the ability to “close” the contact before the expiry time with some trading platforms. In this instance, the yields obtained will vary with the movement of the market at that time.

Advantages of Binary Options

Binary Options have a wide variety of assets that are traded on a worldwide market such as indices, commodities, equities, currencies with low monetary requirements. This opens possibilities for those who want to invest but do not have an excessive amount of funds available to them. It is also a good market for those who are new to the world of financial trading to gain some experience with little risk involved.

The premise of binary options is rather simple. It only requires the investor to predict if a specific trade will rise or fall during the specific time, regardless of the amount of change in prices during this period. However, binary options trading are ideal for day traders as they do not physically possess the underlying asset, and they allow risk management in open stock positions through hedging, hence do not burden others investors as well. The profit potential in binary options is clearly defined at the onset of the trade and can reach as high as 100%. The amount of risk if the investor predicts incorrectly is also predetermined at the start of the transaction.

Since binary options have a short expiry time, investors are asked to limit the number of trades they place at one time. This helps avoid “dips” in their trading account, as well as additional psychological stressors.

Binary Options are believed to gain a lot of interest and popularity over the coming years as more brokerages are made available and the range of options offered increase as more and more people turn to binary options trading as a means of investment.

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How to Become a Successful Binary Options Trader

How to Become a Successful Binary Options TraderHere are some useful hints to get you in the proper mindset for successful binary trades:

1) Set a goal of 10% profit as it is both realistic and does not require more than 3 trades. (And yes a profit of 200-300% is possible, but this means you have to bid larger amounts and spend more time trading). Then 10% daily compound profit with a $250 deposit can easily turn into 10K, over three months time.

2) Set a “Stop” limit in place for trading such as “I’ll stop once I hit my 10% profit” or when losing “I’ll stop once my balance hits $_____”

3) Only trade in the 30 minute and 1 hour duration options. Although the 1 minute option is quite tempting, it’s where the biggest losses occur.

binary option robot

4) Be patient: It is important to that you know the lowest and highest points of your trade for that day. Always aim for the peak or low before placing your bid. You can bid more confidently when it is near the top or the bottom. Never bid when it’s in the middle.

5) Find the “guiding point.” Follow the trend of the 2 hour graph when bidding at the one hour option. Use the 1 minute graph as a guide to “bid” or “wait.”
For example, if the 2nd hour graph displays a downtrend, look at the 1 minute graph, if this is also down, go ahead and bit. Wait, if it’s uptrend. Wait til it starts to downtrend before bidding on the one 1 hour option.

6) Deposit only a minimum amount with which you feel comfortable. Feel free to ignore the bonus “bait” or broker’s threat. Set an amount; say $250 as a monthly deposit. When this starts making a profit, withdraw some of the profit per month as well. But always leave money for bidding. The initial aim is withdrawal the total you have deposited throughout the entire process.

Some of the above might seem a little too technical, but if you break it down, they are practical and will help you turn a profit.

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Top 5 Binary Options Trade Blunders to Avoid in 2016

Top 5 Binary Options Trade Blunders to Avoid in 2016Can you believe we are already well into 2016? Have you changed your approach to binary trading? It’s time to consider a fresh approach as we still have the rest of the year for successful trades in 2016. This post will give you tips on how to make profitable trades for the remainder of the fiscal year.

1. Find a Trustworthy Broker

We are sure you are tired of hearing this, but we cannot stress it enough find a realiable broker.

While it’s important to find a broker that promises you high earnings on all trades, along with the other “bonuses” they may offer, it is crucial that you only sign with a broker that is 100% legitimate. There are literally hundres of brokers available online. Sadly, a lot of these are in fact scammers just out to earn a quick buck from new, eager and inexperienced traders.

Make sure, you do your research before committing to a broker. Make sure they are licensed and registered with CySec. See our broker list here.

Brokers are being held to a higher set of regulations so do not fall for scams. Stick to big name, reliable, regulated and respected brokers like Banc de Binary, IQ Option, Porter Finance (US traders) and 24option. This is only for your good. You need to ensure that you are protecting both your money and your identity.

binary option robot

2. Make a Realistic Deposit

It is so easy to get caught up in the trading game and lose track of how much of your hard-earned money you are investing. It is critical that you need to put a set limit on your funds.

It is always a good plan to have a good money management strategy in place. Binary trading, just like any other form of trading or investing, involves an element of risk. It is important to be mindful of your budget and stick to a set limit.

A good rule of thumb is to never trade with more money than you can afford to lose. Trading, in essence, is a lot like casino gambling. Make sure you are not getting in over your head. Be sensible.

On the same token, if you want to make successful trades, you need to set aside a realistic amount of funds so you can trade using an equitable strategy. A lot of inexperienced traders start off with too little funds and end up in sticky situations as a result.

If you cannot afford to start off with a reasonable deposit, our advice is to hold off until you have a decent amount saved. During this time you can study the market, investigate brokers and develop a plan of attack. Remember to stick to a reasonable limit. Trading with too much or too little can be your downfall.

3. Learn how to make intelligent trades

I know this sounds demeaning in a way, like we are trying to undermine your intelligence, but it’s important to know how to make sensible trades. You can’t just go in blindly and expect to earn huge profits. It takes time, practice and a certain degree of skill to be successful in binary options.

Way too many people take binary options trading too lightly. They see it as a form of simple gambling and then back away once they see it doesn’t always pay off. If you have a good strategy, there is serious money to be made. Don’t get discouraged. Take time to make sure you are making sensible trades. Some traders expect to earn profits simply by mirroring other’s trading patterns…such as signals, robots, news and trade copiers.

The best way to become an established and successful trader is to study the market and familiarize yourself with profitable markets and strategies. This will take time and effort, but in the long run it will pay off.

4. Have a Set Game Plan Before Making a Trade

Once you have found an established broker and opened an account you are going to be tempted (and encouraged) to make a trade right away.

You might think since you have money in your account, how can you lose? Jumping the gun can quickly lead to disaster if you don’t have a sensible game plan. And this leads to a destructive pattern in future trades.

There is a 50/50 chance of winning in binary options, as a general rule. However, it is not as easy as it appears to sustain a high profit and substantial win rate. You should research binary option win rates if you believe you are unflappable.

You might think it is easy to rebound from a minor “spur of the moment” trade, but it takes time to recover financially. And quite honestly, impulsive trades can cause irreversible damage to your account. It is imperative that you avoid these types of trades from the start. Always make sure you have a well-planned strategy in place before trading. It is literally a matter of winning or losing.

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New features have been added to the OptionFair

OptionFairShorter Short Term Trading – 30 Seconds

As if 60 second trading wasn’t fast enough, traders now can choose to invest even quicker. 30 second trading is available on the Short Term instrument. With results now achievable in a half minute, it could be the fastest way to make money online.

Trading for as Little as $10

Traders can now make a minimum trade on Short Term trades for as little as $10. This is more enticing since the previous minimum was $25.

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How to Employ Compounding to Maximize Your Profits from Binary Options

How to Employ Compounding to Maximize Your Profits from Binary OptionsBasically, there is no perfect way of trading binary options as many self proclaimed trade experts say. Just like with any other type of investment, there are certain practices and theories that have been tested and found to work better than others in trading binary options. Anyone who is successful in binary options will tell you that most of the traders focus their attention on trading strategies, rather than on money management while trading.

Regardless of the many articles and e-Books you might have come across telling you to rely solely on your trading strategies, the truth is that money management form an integral part of any successful binary options investment strategy. Throughout this article, compounding– a money management and risk control method, will be addressed.

What Exactly Is Compounding?

Simply put, compounding is a mathematical formula that focuses on using your profits to profit even more. Currently, this technique is commonly used in pensions and the long-term Mutual fund growth, but many binary option traders tend to ignore it. The method is rather easy to apply and may be used with any binary options trading technique to maximize profits. Owing to the short time frame of the trading positions in binary options, compounding is a very suited formula. According to Einstein, a well renowned mathematician, compounding is among the greatest mathematical formulas ever discovered. So, how does the formula work?

Suppose, you deposited $1000 with your binary broker and then open five positions, each being 10 percent of the capital and win all the positions by the end of the week. This means that you get 70 percent on the invested amount and the total account balance by the end of the five positions will be $1350. With this as the capital, you open another five positions, each 10 percent of the capital ($135). If you win these positions with a payout of 70 percent, you will get a profit of $475 from last week’s profit. (70 percent of $135 is $95 and multiplying this by five gives you $475)

While you may not win all the positions, this is an example of how compounding can be successful. You have just risked 10 percent of you capital with each position and made a profit of $350 in the first week and $475 in the second week. This compounded increase in profits is sometimes refereed to as creating the ‘snowball effect’

Applying Compounding Effectively

As opposed to using a fixed stake to open positions, this money management strategy requires that you use a fixed percentage of the total capital in your brokerage account, like the 10 percent used in the above example. With compounding, you do not have to take great risks in order to make exceptional profits; all you need is time. With time, your profits will continue to grow, but the risk you take will remain to be the same.

Essentially, compounding is meant to minimize the short-term risks you have to take while trading in binary options and still get good returns from the trade, over the long run.

Start trading now with Binary Option Robot

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Binary Option Robot Added New Broker on the List

binaryoptionrobotBinary Option Robot strengthen its position of a leading auto trading software on the market by adding new broker on the list of their supported brokers, now being list of ten trusted binary option brokers. New broker on the list is called Bloombex Options.
Bloombex Options is safe and ambitious brokerage satisfying the needs of both experienced and unexperienced traders. They are as well suitable for traders from United States which puts them in position of one of the most desired binary brokers to trade with.

As you can see already, Binary Option Robot is doing continuous effort to provide you possibility to trade with major brokers in order for you to reach your financial goals. It is well known, that in order to  have success in binary options industry, you have to choose the best brokers. Binary Option Robot did a great job for you, selecting only trusted brokers with fast and secure platforms and high payouts. That is something that you mostly want to see at your broker.

Don’t forget that you can select and trade with more than one broker with Binary Option Robot, so even if you are already earning money with some other broker through Binary Option Robot, there is no reason why you shouldn’t try to trade with Bloombex Options, especially if you come from USA.

It is always worth mentioning that Binary Option Robot is a free software, with no hidden fees. It enables you to trade even when you are offline, away from your computer or mobile phone and still earn significant profits. Find out more about Binary Option Robot in our in depth review on this link here or sign up now, choose your broker and start making money with this simple and profitable autotrading software.

Binary Options Scams

Binary Options ScamsThere is that ugly word again “scam”, it seems like it is used a little too easily lately; it’s almost like it maybe means something differently these days. A lot of times these misguided associations are attached to financial products such as binary options. It’s a little aggravating when this happens to an industry that is working hard to clean up an image that it never should have had in the first place.

I don’t believe that Binary options trading is fraudulent at all and believe me I have been around it a long time. Then again why would you believe me and take my word for it? You shouldn’t, that is why I am going to tell you how to protect yourself when trading binary options and some ways to do things to make sure no one can take advantage of you.

First of all it’s important to know what the word “scam” means. Dictionaries describe it as a fraudulent or dishonest means to get money from someone or something. I looked further and saw nothing about it relating to someone who made an uninformed binary options trade and lost their money or someone who was angry because they lost money after not taking advantage of everything that their online broker offered to help them trade successfully. As with all things, sometimes you have to consider the source before you believe something.

Things to Look Out for to Avoid a Possible Scam Broker

Becoming a binary options broker is not as hard to do as one might think; the trick is doing it well and attracting and keeping a lot of customers. There are only three major software platforms that can run a binary options trading site and anyone can purchase these; basically anyone with the knowhow can start a brokerage site. Here is how you find the reputable ones.

What are some of the Red Flags that Indicate to be Aware of a Broker?

  • Return on Investment

If the return on investment for a trade is unusually high or unusually low it’s a bad sign. Too high means the broker is trying to get new customers in a hurry and may go out of business in the process and your investment will go with them. When a return on investment is too low it indicates a site that is only interested in their side of the money equation.

  • Poor Funding or Withdrawal Processes

The money in your deposit account is yours and you should have access to it any time you need it. Charging fees is not a scam; all places that perform banking functions do that. With that being said, slow withdrawal times or repeatedly having trouble initiating a withdrawal are big red flags and you need to find a new broker.

  • Too Many Bonus Offers

A company that gives you bonuses for everything on their site is a company that is confident they are going to be able to keep your money. You should be wary of a broker that always offers bonuses or establishes unrealistic conditions you need to fulfill before you have access to any bonus money.

Protect Yourself before Joining a Brokerage Site and be Smart about the Money You deposit

Here are some more ways you can avoid feeling like you were scammed:

  • Trade only with disposable income that you can afford to lose. You don’t think straight when you just lost your rent money on a trade.
  • Trade on sites that are regulated by binary options agencies such as CySEC.
  • Stick to trading with established brokers or if you like what a new brokers have to offer only invest a small amount of money with them until you are comfortable they are legit.

If every binary options trader sticks to these ideas and keeps an eye out for what was discussed, I will never have to write about binary options scams again because there won’t be any.

Start trading now with our recommended brokers.

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