binarytradingworld.com – A complete guide to binary options trading

One of the most popular trading vehicles to come along in quite a while has been Binary Options. Newcomers can now trade currencies, commodities, indexes, and some of the most heavily traded stocks from across the globe without the hassle of margin calls, stop loss orders, leverage, downside risks, or even complicated rules for prudent money management. This new “one-stop-shop” kind of investing removes confusing rules of the road and substitutes in their place a simplified trading platform, specific payoff and loss rules, and a continuous flow of opportunities hour after hour. This is why we at BinaryTradingWorld.com have fallen in love with binary trading. Our mission is to give you everything you need to start trading binary in a highly successful way!

Traditional brokers, unfortunately, do not routinely offer Binary Options. The proprietary trading platform is one reason, but the problem for investors is how do you find a capable and reputable Binary Options broker in such a new industry? With new entrants arriving every week, how does an investor locate the best of the lot? The answers to these questions are best found with support from industry professionals that have already reviewed the many offerings and narrowed them down to a few leaders. The brokers below have passed our “litmus test” and are worthy of your review:

Min. Deposit	Payouts	Markets Traded	Bonus / Specials	Allows US Traders
100$/€/£	85%	All	50% FTD Bonus up to $500	No
$100	85%	All	100% with $200+ deposit	No
$200	up to 85%	All	Limited time: 85% bonus up to $2,000	Yes

Top 20 Trading Tips when trading binary options

Success in trading binary options, however, is not assured, even if simplicity is the name of the game. Market knowledge, experience, and controlling one’s emotions are still the three factors that must be mastered, but the importance of the latter item, emotional control, has been greatly reduced due to the general structure of the process.

Preparation, strategy development, and execution remain key activities that all require an investment of time to build proficiency. Here are a number of trading tips, segregated into these three categories.

Preparation

Which genre is best for you – currencies, commodities, indexes, or stocks? It is best to choose one and focus your studies on a single arena;
Research your chosen area extensively, reading articles on the Internet, related commentaries on market action, or books on the topic. Knowledge is power in the world of investments;
Take advantage of online tutorials and support materials provided by your broker. Enroll in a formal class in your local region, often provided by brokers for free in their continuing search for new clients;
Prepare a daily calendar of events for economic releases and other scheduled activities. Your broker will be one source, but there are many sites on the Net that specialize in this process;
Understand and follow various market correlations in your chosen area that may give hints as to market direction.

Strategy Development

Seek advice from a “mentor” or industry professional. The only shortcut for experience is to “borrow” hard-earned insights from another;
Develop a straightforward decision-making strategy that you will follow to the letter before entering into any binary option contract. Avoid complex strategy suggestions until you are comfortable with this medium;
Practice on free demo systems to perfect your strategy, modify it based on experience, and build confidence before you trade real time;
Continually review the Internet for new trading ideas. Binary options are in their early development stage. New ideas will be common;
Experiment with new ideas during your practice sessions. The nature of the market is that what works one day may not work the next. It is best to have several strategies that have been tested to allow for greater flexibility.

Execution

Never risk more money than you can afford to lose on binary options;
Never trade when you are in emotional turmoil. It is best to have a positive attitude that can focus on the task at hand;
The size of your position should not exceed 3% of your account value. Losing streaks will occur. You need to have sufficient room to lose in order to benefit when the “tide” reverses direction;
The second rule of prudent money management is that you never have more than 2 to 3 transactions at play at any one time. Focus is key;
When you start to trade in real time, start with small positions. Your emotions must adjust to the possibility of a real loss. You might as well keep these losses small during your initial introduction;
Keep a journal listing each of your trades. On the weekend, review your results to determine the clear causes for both winning and losing trades;
As they say on Wall Street, “Don’t fight the tape!” Your emotions may push you to buck the prevailing trends in the market, but your probability for losing is enhanced under these circumstances;
Losing is part of the game. If you have three losses in a row, walk away from your trading desk and take a break. After calm is reached, return invigorated, but only if you are feeling confident;
Always trade in your chosen arena when liquidity is highest;
If you miss a big market move, determine why you missed it, and then realize that there is always another opportunity just around the corner.

These tips are common sense, designed to keep you in the game to benefit from a future move in the market. Keep in mind that enjoying the process is also important, too!

We, at BinaryTradingWorld.com, wish you good luck with your trading!

Now we recommend you to read the pros and cons of binary trading.

Winner Option

Trade Binary Options, Commodities and Stocks at Winner Option

Three step guide to binary trading

Choose the best broker

Pros and Cons of Binary Trading

Top 20 Trading Tips when trading binary options

Preparation

Strategy Development

Execution