So, if there is no TP and SL. How to close our order/position??
Can we close it anytime??
[QUOTE=“dollace;618830”]I cannot give you a good answer but follow my experience, with forex, you also have to set the position to close the trade (TP, SL) or manually close your trades or wait till your balance down to 0. With Binary, you can only choose the pair would be up or down in a certain period of time and how much you want to trade. It’s simpler but not easier. View this image for more information: <img src=“301 Moved Permanently”/>[/QUOTE]
So where talking blackjack now…Lol
Hello
You need to check this list of binary brokers:Find best Binary Forex Brokers | Trade Binary Options
The main criteria to respect for me is choosing a broker that is both CySEC regulated and approved by the FCA and AMF, which are the strictest domestic financial regulator. Then all broker have their own advantaged (OptionTime has awsome TA tools, 24Option has the widest range of option types and AnyOption has the widest range of available assets.
Charles
I personnaly trade with OptionTime but you can find usefull and detailed reviews of the best binary options brokers at binaryoptions-broker.co.uk.
Cheers
Charles
Agree with your post.
personally I trade with this broker - [I]24option [/I]review, because of its variety of assets, options and regulation.
Binary Option trading is easier than forex but it takes skill to master the game, I have also switched from forex to binary trading, now I am trading with optiontrade.com and I am feeling lucky…
Hi
I’ve seen some that the trading platform binary options Spot Option has been created by the best people behind the popular Metatrader 4 trading platform many options broker in the industry offers this trading platform.
In binary options trading, your trade contract remains valid for a pre determined time frame. So all you have to decide is the desired trading time frame like 60 Seconds expiry, 90 sec, 180 sec and so on…
There are many binary brokers that you may hear about but it is advisable to choose a regulated and honest broker before you start binary trading.
Totally, 24option also enjoys the huge marketing budget of the comapny. With the recent partnership they built with Arsenal, their trust image is a lot better.
Things i suppose should be really considered before trading binary options
- Selecting a regulated/trusted broker - IG , CMC etc…
- Payouts : 75-80% ( don’t trade anything below that )
- Quotes in 4 digits ( pip level ) or 5 digits or 6 digits
- Expiry tenors offered by brokers : 5 min, 10 min, etc…are they fixed or moving time scale
- Having a statistical proven winning ratio with no Martingale -> You need atleast >=60% accuracy to generate a good risk reward. Don’t buy into anyone saying that you can do some money management for binary options. Just try to develop a system with >=60% winning ratio and you are good to go with a good reliable broker with good payout ratio.
I have been trading it for a while manually and trying to generate signals. I think i am able to reach >=60% for 10/15 mins tenors. Please check My new algo for cTrader/cAlgo @ Forex Factory My new algo for cTrader/cAlgo @ Forex Factory
Read more: 301 Moved Permanently
Hello Tom,
I think you are looking for a good company which is very trusted for your desired demands. Alpari company is very good for binary options. why chose alpari ? because ''Your potential profit is calculated by the platform before you make your trade. Your return depends only on whether you make a correct forecast as to which direction the price moves and your investment amount.
If you want to trade with the most respected ad reliable broker in Europe, just go IG Binary, this is a no brainier. Nevertheless, IG Binary options are quite different from traditional High Low binary options offered by most pure players. IG options work more like the one traded on the Nadex in the US. If you want to trade traditional binary options, OptionRally is also very reliable and proposes a lot of interesting trading tools
I dont really trade binary any more apart from the odd end of day position but when i did i had no problem with the following two brokers
Optionfair i withdraw my winnings plus deposit and it took 5days to arrive in my bank and always arrived
Binary.com i made one withdrawal and the arrive in my bank within 3 days.
I still have an account with binary.com which i place trades on nfp and also end of day
I have become a good trader now and i strongly belive i owe some of that to trying to beat the binary options when i first started. I now only use binary as an extra tool very much in the background
Gents,
Don’t waste your time on Binary options. Learn how to trade FX, commodities, indices or stocks and you will make tons of money. Binary Options have very limited potential and you will never make as much money as you make by trading instruments I have mentioned above.
FX Commodities and indicies are available on Nadex… Binary options pricing is way better than Options for indicies and commodity stocks…
I would only trade options for certain stocks but time decay is a killer and distasteful in my opinion…
Think about this if Nasdaq increases by 100 pts… on a 1 day option you will gain 100% profit… Nadex you can potentially get 2or3 to 1…