No1BinaryOptions, The Most Trusted Binary Options Trading Brokers
Thank you for visiting No1 Binary Options. We are a team of former traders, and we’ve spend some time to test and review the most reputed and secured binary trading brokers on the planet in an honest manner. Why No1BinaryOptions :
- We ONLY list and approve the best binary platforms with guaranteed fast payouts or withdrawals.
We give priority to fully regulated brokers with funds in segregated bank accounts.
We list all binary options scams or blacklisted brokers.
We help all traders with any issue with platforms. We highly encourage you to fill out a complaint form.
We publish FREE weekly technical analysis with trade recommendations.
Here you will find a listing about the best binary options brokers in Europe, USA, United Kingdom, Canada, South Africa, Singapore and Australia.
Top 3 Binary Options in 2017
At No1BinaryOptions we offer binary options reviews about the most trusted platforms to help you to choose the broker that suits your best since 2015.
Our financial analysts provide free trading alerts on a daily basis which could be very helpful for a trader to activate trades.
Furthermore we recommend read our binary options trading guide strategies articles to maximize your profits and minimize losses.
Binary options trading and Forex – What’s the difference?
Traders and people in general tend to believe that binary options trading is different to forex. Some even go to great lengths to justify this fact and infact draw similarities between binary and gambling. The truth however is far from it and is subjective, depending on how you see it. Let’s first dispel the myth about binary options being similar to gambling.
Gambling is something that is drawn upon speculation and one that involves chance in an order to profit. If you go by the definition of gambling, binary options, forex pretty much fall under the same category. However if you look close enough there are a lot of differences that make binary different to that of gambling (unless ofcourse, you blindly trade based on your gut feel and probability, which is a different topic altogether).
Binary options have quickly become one of the most prefered way to trade the financial markets due to its simplicity making even a complete beginner to the financial markets finding it easy to trade.
So how is binary different to forex
Forex trading requires a lot of skill and a deep knowledge of the financial instruments, not to forget a clear idea on the technical jargon that is used. Unlike forex, binary options differs from the fact that only a basic knowledge is required, which can be gained by keeping oneself updated on the daily business and financial market news. Further more binary options offers a lot more features that make it easy to be traded. Given the fact that trading binary options is purely driven by speculation on where the markets end up, this also makes it simple in terms of regulatory environments.
So let’s take a look at the differences between forex and binary options trading.
Binary trading requires no dowload
Unlike forex, binary trading can be done directly from your web browser when you sign up with any of the brokers. This eliminates the need for traders to download the trading platform and deal with other compatibility issues. What’s more, even if you own a Mac or any linux based operating system, you can trade binary options directly from the web.
You can make profits with just $200 investments
In forex, you can open a trading account for as little as $1. These are known as micro accounts, but the problem is that with such a low capital, there aren’t many choices to trade forex as it usually requires higher capital and margin requirements. Binary options brokers usually charge a minimum deposit of $200 to get started which in most cases is more than enough to give you a fair shot at making profits. There have been instances when traders were able to double or even triple their initial capital of $200.
Its offers fixed risks
When trading forex, the most risky aspect is that if a trader does not set up their stop losses correctly, there might a be a high probability of losing the entire capital thus making forex trading very risky. With binary options, the advantage traders have is that binary options trading offers fixed risks. This means that at the time of opening a trade, you exactly know how much potential losses you will face and in most cases the potential profits you could make as well. By offering fixed risks, binary options trading can be more controlled where the trader can better manage their risks.
Anyone can trade binary options
Binary trading offers the unique advantage of being user friendly, to beginners as well as vetern traders. Unlike forex, where you need to learn on things such as CFD trading for stocks and so on, with binary options trading, traders can trade on just about every instrument. From forex currency pairs to company stocks, metals such as Gold, Silver and so on. No matter what asset you wish to trade, the basic outline remains the same, which is to either place a CALL or a PUT option on a particular trade.
To conclude, binary and forex trading are pretty much the same except for some differences that make them unique. You don’t need to be a financial guru in order to trade binary options. All you need to have is a basic understanding of how the markets work and what moves the prices of the assets that you are trading.
Binary Options Technical Analysis
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I've been a professional trader for over 5 years.
Currently I work as forex analyst for different investment companies.
Latest posts by James Martin (see all)
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