Binary options trading tips and brokers opinions: This characteristic of Forex made it attractive and most importantly, accessible to everyone, regardless of their level of experience, background or trading history. Many people from all over the world embraced the opportunity to generate an additional income or do trade forex for living by opening up a trading account. The enthusiasm and desire to earn more money, however, is most certainly not enough if you want to trade efficiently.
The strongest signals are obtained when the average crosses the faster one: from bottom to top – the CALL option, from top to bottom – PUT. But a rebound from the “long” average in the direction of the main trend is also considered as a trading signal. When calculating expiration time of an option on the Moving Average combination, you need to view a history of quotations (on timeframe period) and analyze moments of crossing lines of such averages for a long period (at least 3-6 months). You need to find an average number of candles between the intersection points that were in a profitable area for the transaction.
The profitability of forex arbitrage directly depends on the speed of connection with the supplier of quotations and the broker’s trading terminal. The smaller the ping, the better all the performance indicators of the adviser. As a result of long testing of all suppliers of quotations, we identified the optimal ratio of the speed of the supplier of quotes, the VPS server where the arbitration system is installed and the broker server locations. Suppliers of quotations number one for trading on brokers whose servers are located in America include RITHMIC, CQG, CTS T4, Interactive Brokers. These providers receive data directly from the exchanges, providing instant data retrieval speed. Suppliers of quotations number one for trading on brokers whose servers are located in Europe include LMAX, Gain Futures OEC, Saxo Bank, IQ Feed. These providers receive aggregated quotes from global banks and brokers, providing instant data acquisition speed.
After a year of trading with 70 Trade, I can only say good. First of all, the broker did not let down his reputation as an honest company, and did not let my trust down. Trading with minimal drawdowns, I consistently receive profit from transactions. Withdrawals usually take from three to five days. I don`t think I really can rate my analyst `cos sometimes his recommendations was useful but he also can be wrong. Read extra info at 70 Trades India: my opinion and review.
There is a lot of information, and professional traders will find it useful to use Heatmap to assess the market situation comprehensively and quickly. Newbies should always remember one of the basic principles of the Dow Theory “history repeats” and first look at the strength of the signal. The stronger the signal the more often it was in top binary options signals and ended in profit. A “weak” signal indicates uncertainty and it is better to skip it or watch additional confirmations from technical indicators.
FOREX is a dangerous business and you should educate yourself before starting. Trading part-time requires you to fit your trading strategy, analysis, and routine around your 9 to 5 and daily schedule. This is all it takes and despite the fact that it takes some practice in the beginning, it will soon become easier for you. Becoming a part-time Forex trader means that you are good at exploiting the opportunities available at the time you are trading, not exploiting all opportunities available in Forex in general.