Binary Options Expert Trader

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Contents

Binary Options Day Trading in Russia 2020

Binary options trading hinges on a simple question – will the underlying asset be above or below a certain price at a specified time? If so, you can make substantial profits with one of the most straightforward financial instruments to trade. But what exactly are binary options, and what are their benefits and drawbacks? This page will answer those questions, as well as detailing how to start day trading binary options, including strategies, tips, and regional differences to be aware of. Use the broker top list to compare the best binary brokers for day trading in Russia 2020.

Binary Brokers in Russia

What Are Binary Options?

Firstly, let’s have a look at how it all works. Put simply, binary options are a derivative that can be traded on any instrument or market. They appeal because they are straightforward. You know precisely how much you could win, or lose before you make the trade. No complex maths and calculator is required. This is why they are also known as ‘all or nothing’ trades.

If you anticipate news announcements, quarterly reviews, or global trends, then you may be able to make an accurate determination as to whether the price is going to increase or decline at a certain point in the future, turning a profit.

There is a whole host of derivatives to choose between. You can trade binary options on commodity value, such as aluminium and crude oil. You can opt for a stock price, such as Amazon and Facebook. There are foreign exchange rate options, including all the major and minor pairs. Even cryptocurrencies such as Bitcoin, Ethereum, and Litecoin are on the menu.

A Brief History

If you want to start trading binary options full-time, a detailed understanding of their origins will help. Binary or ‘digital’ options have been around for decades. Originally though, it was only large institutions and the fabulously wealthy that had access. However, 2008 saw the US Securities and Exchange Commission open the floodgates by allowing binary options to be traded through an exchange.

The internet and technology have since given the whole world access to these ‘digital’ options. As it stands, with low barriers to entry for savvy day traders and a simple to understand preposition, the demand for these digital trades will only increase.

Option Types

There are a number of different option types to choose from. The most popular types are listed in the brief glossary below.

  • Up/Down (High/Low) – The most simple and prevalent binary option. Will the price be higher or lower than the current price when the expiry time comes?
  • In/Out (Range or Boundary) – A ‘high’ and ‘low’ figure will be set. You are then making a determination as to whether the price will finish within or outside of these boundaries.
  • Touch/No Touch – Levels will be set that are either higher or lower than the current price. You then enter a position as to whether the price will ‘touch’ these levels between the time of trade and expiry. Payout will come as soon as the touch takes place.
  • Ladder – These are similar to up/down trades. However, instead of using the current price, the ladder will have pre-determined levels that are staggered up or down. These normally demand a substantial price move. The flip side of this is returns will frequently exceed 100%. Although it is worth noting, both sides of a trade are not always available.

Binary options

Expiry Times

Another important component of binary options is expiry times. This is when the trade will end and the point that determines whether you have won or lost. These times can range from 30 seconds and 1 minute (turbos) to a full day (end of day), and even up to a whole year.

As an intraday trader though, you will be more concerned with trading 5 and 30-minute binary options. Opt for binaries with 1 minute expiry times though and you have the ability to make a high number of trades in a single day.

Despite the somewhat negative reputation, the reality is binary options are legal. The majority of companies operate fairly. Opinions have been split because there are some out there that operate scams.

Regulation in certain regions has meant binaries have been withdrawn from the retail market. In the EU for example. But professional traders can still use them. In regions such as India and Australia, binary are legal – but traders should make sure they use a reputable broker, and read our section below on avoiding scams.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Scams & Frauds

The binary reputation has suffered from dishonest marketing and cybercrime. Too many unregulated brokers promise quick cash, whilst operating frauds. Regulators are on the case and this concern should soon be alleviated.

Binaries themselves are perfectly legitimate, but steer clear of ‘instant money’ promises, brokers that cold call, and celebrity endorsements, plus any claims that you can ‘start trading binary options for free’.

So it isn’t a question good or bad, it’s simply a question of being alert to the dangers and knowing what to look out for. If you’re unsure about a broker, ask the question in a live trading room to check they’re properly regulated.

Binary Options Vs CFD Trading

Although in some ways similar, there remain some crucial differences between binary options and CFDs. With CFDs, you have potentially unlimited risk. If the price of the asset moves significantly, the value of the trade can grow very large, very quickly – for better or worse.

Whereas binary options work slightly differently. Whilst you are still investing without owning the asset in question, the gain and loss rate is fixed. With a call option, it doesn’t matter if the price rockets, you retain the same percentage as if it rose by just a couple of pips.

Likewise, if the price sinks to zero, you’ll only lose what you put in. So, to define the difference – with binary options you get fixed risk.

Having said that, just as if it was binary options versus forex trading, you are restrained in your profit potential.

Why Trade Binary Options?

If you want to profit trading binary options, you need to first understand both their pros and cons. You need to make sure binary options will suit your trading style, risk tolerance, and capital requirements.

Advantages

There is a whole host of attractive benefits to trading with binary options. The greatest advantages have been outlined below.

  • Simplicity – Because you are making a determination on only one factor, direction, your bet is straightforward. The price can only go up or down. You also don’t need to concern yourself with when the trade will end, the expiry time takes care of that. Whereas in other markets, you may need a system to limit your losses, such as a stop-loss.
  • Fixed risk – Trade stocks, gold, and crude oil and you’ve got a vast number of factors to contend with, from slippage and margin to news events and price re-quotes. With binaries, your risk is kept to a minimum with far fewer parameters.
  • Trade control – Because you know what you may make or lose before you enter the trade, you have greater control from the start. Trade in stocks, for example, and you have no guarantee that your trade will make the entry price.
  • Profit potential – Compared to other trading, the returns in binaries are extremely attractive. Some brokerages promise payouts of up to 90% on a single trade. If you’re looking to make simple trades with large profit potential, binaries could well be worth a look in.
  • Choice – Rather than being constrained to a specific market, e.g. cryptocurrency or stocks, binary options gift traders the opportunity to trade instruments across virtually all markets, allowing you start currency, indices, and bonds trading if you so wish.
  • Accessibility –In the binary options game, it’s always the best trading hours somewhere on the globe. So, you can login at night, or on the weekends and join the groups of avid traders attempting to turn daily profits. Real-time charts are available for every market so if you’ve got the time you can invest 24 hours a day.

Risks

Whilst there are plenty of reasons to delve into trading on binary options, there remain several downsides worth highlighting:

  • Reduced trading odds – Whilst you can benefit from trades that offer in excess of 80% payouts, these are often when the expiry date is some time away from the trade date. If the odds of your binary trade succeeding are extremely high you may have to make do with reduced payout odds.
  • Limited trading tools – Whilst most brokerages offer advanced charting and analysis capabilities, trading tools for binary traders often fall short of the mark. Fortunately, there are other online sources for these graphs and tools, plus brokers are working swiftly to increase their offerings.
  • Price of losing – Your odds are tilted in favour of losing trades. Approximately for every 70% profit, the corresponding loss of the same trade would result in an 85% loss. This means you need a win percentage of at least 55% to break-even.
  • Risk management – Unlike other markets, brokers often set a trading floor, with minimum accounts a trader needs to enter the market. This means losing capital can happen with ease. Whilst a stocks broker may permit you to open an account with $250, trading micro-lots, most binary brokers won’t allow $50 trades. So, even with $250 in your account, just five trades that don’t go your way could see you sink into the red.

Binary Trading via Mobile App

How Does Trading Binary Options Work?

Trading binary options for beginners is straightforward. Simply follow the steps outlined below.

Step 1 – Find a broker

This is one of the most important decisions you will make. You need a broker that meets all your requirements and who will enhance your trade performance. But with so many options out there, how do you know what to look for?

If you’re high-frequency binary trading each day, the commission fees and costs will quickly rack up. You want to maximise your profits so look for brokers with a competitive and transparent fee structure, and remember, different asset classes pay out different amounts.

Deposit

One point worth investigating is rules around minimum deposits. Whilst some brokers will offer binary options trading with no minimum deposit, many will expect a deposit of close to $50, and some $100. A broker offering low minimum deposits is ideal if you’re strapped for cash. Trading binary with JC and GCI are good choices if you’re looking for low deposits.

Asset-Specific

Some brokers will specialise in certain assets. If you’re set on crude oil, it may be worth finding a broker that’s geared towards those binaries. You may benefit from relevant news feeds and the most prudent option choices available. Trading binary stocks with 212, for example, is ideal for those interested in stocks.

Regulation

With scams out there it’s important you check your broker is properly regulated by the relevant financial body, e.g. FCA, CySec, CFTC. Trading with 247 Binary Options, IQ option, and Binary.com are all safe bets.

Platform

Binary options platforms are your gateway to the market and where you’ll spend many hours a day. There are now many online trading platforms, so, make sure it’s easy to use and offers all the charts, patterns and tools you need to make smart and accurate trade decisions. For example, will you be trading binary options with candlesticks or more obscure charts?

Both Keystone and Nadex offer strong binary options trading platforms, as does MT4. Before you buy, conduct a thorough trading platform comparison and check reviews.

Reliability

Any problem could cost you time, and as an intraday trader, time can cost you serious cash. So, check the broker offers reliable support. Some brokers will offer 24/7 customer support through calls, live chat, and in a number of languages. Binary options trading with Etrade and 24 Option are smart moves if you want top quality support.

Trading apps

A growing number of people use mobile devices and tablets to enhance their trading experience. However, software for trading binary options varies hugely. So, it’s worth checking whether your broker offers cross-platform capabilities. Also, check the charting tools you need will work on your iOS or Android device. Binary options trading with IQ Option, for example, offers fantastic trading apps.

Extras

Many brokers will sweeten the deal with some useful add-ons. Some may offer free trading plans, courses, and lessons. So, find out first if they offer free courses online to enhance your trading performance. Some brokers will also offer free binary trading trials so you can try before you buy.

You could also benefit from trading bonuses, tips, the best strategy and trading signals reviews, plus free, practice demo accounts. Not to mention some brokers allow for binary options trading using Paypal. However, don’t be put off by no binary options trading deposit bonus, these can be a sign of potential scams.

Demo accounts

For newbies, getting to grips with a demo account first is a sensible idea. Funded with simulated money, you can try numerous assets and options. It’s the perfect place to make mistakes and learn before you put real capital on the line. In addition, you’ll find most free binary options demo accounts require no deposit, so you can start practicing whilst you save that initial capital.

There is no universal best broker, it truly depends on your individual needs. Some brokers offer minimum trades of just a couple of pounds, whilst others require hundreds or even thousands. The solution – do your homework first.

For more guidance on making the right choice, see our brokers page.

Step 2 – Choose An Instrument/Market

You can trade binaries in pretty much everything, including stocks, forex, indices, and commodities. You can bet on anything from the price of natural gas, to the stock price of Google. Opt for an asset you have a good understanding of, that offers promising returns.

Step 3 – Decide On An Expiry Time

As a short-term trader, you’ll probably be more interested in 30 seconds, 1 minute and end of day expiry times. You need to balance binary options trading volume with price movement. Whilst the more trades you make means greater profit potential, it’s better to make fewer and more accurate trades. Also, find a time that compliments your trading style.

Step 4 – Decide On Size

In the binary options game, size does matter. The greater your investment the greater the possible profit. On the flip side, remember the entirety of your investment is on the line. You need an effective money management system that will enable you to make sufficient trades whilst still protecting you from blowing all your capital.

Step 5 – Choose An Option

You will have any number of the options outlined above to choose from. Think carefully about how confident you are in your determination. Consider factors that will jeopardise your investment, and select an option that gives you the best chance of succeeding. Don’t automatically select a ladder trade because you want huge returns, consider which options are the relatively safe bets.

Once you’ve made that decision, check and confirm your trade. Then you can sit back and wait for the trade payout.

Demo Video

Below is a video explaining how to trade binary options on the platform of a leading provider:

Strategies

Binary trading strategies will differ from trade to trade. What may work for a ladder option in forex, may prove useless in a range option on gold. Having said that, there are two reasons you must have a strategy.

Firstly, a strategy prevents emotions interfering in trade decisions. Fear, greed, and ambition can all lead to errors. A strategy allows you to focus on the maths and data.

Secondly, a strategy allows you to repeat profitable trade decisions. Once you’ve found out how and why that binary option worked, you can replicate it to create consistent profits.

Building A Strategy

There are two crucial elements to your binary options trading method, creating a signal, and deciding how much to trade. The second is essentially money management. How do you go about determining these two steps then?

Step 1 – Creating A Signal

The signal will tell you in which direction the price is going to go, allowing you to make a prediction ahead of time. The two main ways to create signals are to use technical analysis, and the news.

Charts, Patterns & Indicators

If you can identify patterns in your charts, you may be able to predict future price movements. They rest on the idea that ‘history repeats itself’. You can start trading binary options using Heiken-ashi, other candlesticks, and line charts. Armed with charts and patterns, successful traders will build a strategy around their findings.

You can then build indicators into your strategy, telling you when to make a binary option, and which binary option you should go for. These technical tools can prove invaluable, so make sure your broker offers the features available to conduct thorough market analysis.

One of the great things about trading binary is you can use any number of your normal indicators, patterns, and tools to help predict future binary options movements. So, you can start trading with/using:

  • Support and resistance levels
  • Price action
  • Stochastic oscillators
  • MACD indicators
  • Trends
  • Babypips
  • Mirrors
  • Options close to expiry

For more detailed guidance, see our charts and patterns pages.

You can trade binary options without technical indicators and rely on the news. The benefit of the news is that it’s relatively straightforward to understand and use. You’ll need to look for company announcements, such as the release of financial reports. Alternatively, look for more global news that could impact an entire market, such as a move away from fossil fuels. Small announcements can send prices rocketing or plummeting.

If you can stay in the know you can trade your binary options before the rest of the market catches on. To do that you’ll need to be tuned into a range of news sources. You can browse online and have the TV or radio on in the background. Some of the most useful news sources in terms of trading information are:

  • Yahoo Finance
  • CNBC
  • Business Insider
  • Bloomberg
  • Financial Times

Step 2 – How Much You Should Trade

If you’re just starting off it’s often best to keep things simple. Trading the same amount on each trade until you find your feet is sensible. Below are 3 binary options trading strategies for both beginners and experienced traders.

Martingale Strategy

Binary options using the martingale trading strategy aim to recover losses as quickly as possible. To do this you’d trade larger amounts of money in the trades following a loss. So, you’d set an amount that you trade each time, say $250. However, if you lose on that $250, you’d bet $500 on the next trade. If the trade wins, you’ll already be back in the black, rather than being stuck around the break-even mark.

The problem with this strategy is that if you go on a losing streak you can lose a serious amount of capital in a short space of time. So, only use this strategy if you’ve got a relatively accurate means of making trade decisions. If you’re still in the trial and error stage, consider a different approach.

Percentage Strategy

A percentage based system is popular amongst both binary options traders and other traders. The idea is you specify a percentage you’re willing to risk. Between 1-2% is common. So, if you’ve got $10,000 in your account, and your risk value was 2%, you could trade $200 on a single trade.

If you have a greater risk tolerance and consistent results you may want to increase that risk margin to 5%. The benefit of this system is that you should never lose more than you can afford. This makes it an ideal approach to take if you’re new to trading on binary options.

Straddle Strategy

This example is best employed during periods of high volatility and just before the break of important news announcements. This technique can be utilised by traders of all experience levels. It gives you the capability to avoid the call and put option selection, and instead allows putting both on a specified instrument.

You aim to utilise put when the value of the instrument has risen, yet you think that it’s going to decrease soon. Once the descent has begun, place a call option on it, anticipating it to bounce back swiftly. You can also do it in the reverse direction. Simply place a call on the assets prices low and put on the rising asset value.

This significantly increases the chance of at least one of the trade options producing a profitable result. If you’re in a volatile market, this simple system could you see turn handsome profits. This works well as a binary options trading 60 seconds strategy, and will also cover expiry times of up to one day.

Bots & Algorithmic Trading

Once you have honed a strategy that turns you consistent profits, you may want to consider using an automated system to apply it. These robots usually rely on signals and algorithms that can be pre-programmed.

The bots then do all the leg work, trading options on your behalf. The plus side is they can make far more trades than you can do manually, increasing your potential profit margin. They can also trade across different assets and markets.

It’s worth investigating your brokers offering when it comes to auto trading and checking for robot reviews. Many allow you to build a program with relative ease. You can use your own entry points that rely on Bollinger bands, RSI/MFI patterns, and moving averages.

However, even when you’ve got your system up and running, you can’t go into trading binary options on autopilot, you need to stay tuned in. If any mistakes take place, you need to be there to remedy the problem. Technical crashes and unpredictable market changes can all cause issues, so stay vigilant.

Timing

Many binary option strategies pdfs fail to sufficiently consider time variables. Certain strategies will perform better with specific time options. You may want to look specifically for a 5-minute binary options strategy. Alternatively, trading 15-minute binary options may better suit your needs. So, whichever strategy above you opt for, ensure you take time into account.

Summing Up Strategy

Trading binary options with success rests on finding a strategy that compliments your trading style. So, consider the instrument you’re going to be trading. Then, employ an effective money management system and use charts and patterns to create telling indicators. Also, utilise news announcements to your advantage.

If you’re trying a new fence, gap, hedging, or any other binary strategy for the first time, why not try it on a trading practice account first? This will allow you to address any issues before you invest your own money.

For more detailed guidance, see our strategies page.

Education

Binary options trading 101; immerse yourself in educational resources. As Benjamin Franklin asserted, ‘an investment in knowledge pays the best interest’. The top traders never stop learning. The markets change and you need to change along with them.

To do that, utilise some of the resources detailed below.

  • Books & eBooks – There is a whole host of books and ebooks out there that can impart invaluable information on day trading binary options. You can benefit from the binary options trading knowledge of experts with decades of experience. The good thing about a book it is allows you to learn at a pace that suits you. One book that has made binary options trading easy is ‘Trading Binary For Dummies’, by Joe Duarte.
  • Video tutorials & seminars – Engaging and easy to follow. There are numerous online video tutorials out there that can walk you through making a trade. With seminars, you’ll also be able to have questions answered and the binary options trading basics explained, plus some brokers offer weekly seminars to keep you up to date with market developments.
  • PDFs & instruction guides – These will give you a clear breakdown of steps that you can follow and apply. The best part is you can find plenty online that are totally free and easy to download, whether you’re using Android, Windows, or iOS. The trading binary options ‘Abe Cofnas’ pdf is particularly popular.
  • Forums & chat rooms – This is the perfect place to brainstorm ideas with binary options gurus. You can benefit from recommendations and learn in real-time whilst investing in your binary options. You can also swap live chart screen grabs to get a feel for other binary methods and tactics.
  • Newsletters & blogs – These are brilliant for keeping up to date with upcoming developments that may affect your markets. Plus, you could hear about binary options competitions (yes, they really do exist).
  • Copy trading – This is when social trading networks/platforms are combined with binary trading tools. You can follow experienced traders, analyse their strategies, and then replicate their trades. Check out copy trading reviews before you sign up.

All of the above will play a key part in your binary options trading training. Free trading videos and examples will help give you an edge over the rest of the market, so utilise them as much as possible.

Trading Journal

There currently exists no binary options university. So, explanations as to why that option didn’t work can be hard to come by. Keeping a journal with all your binary option trading results in could solve that issue. A detailed record of each trade, date, and price will help you hone your strategy and increase future profits.

Whether you keep it an excel document or you use tailor-made software, it could well help you avoid future dangers. As an added bonus, it can make filling in tax returns at the end of the year considerably easier. A journal is one of the best-kept secrets in binary options, so now you know, use one.

Psychology

Trading binary options successfully isn’t just about having the right strategy. If you can’t control your emotions you will make costly mistakes. As Robert Arnott stated, ‘what is comfortable is rarely profitable’. When the pressure kicks in, fear and greed can distract you from the numbers.

You need to accept that losses are part of trading and stick to your strategy anyway. If it’s based on accurate maths and careful technical analysis then you have to keep your faith. As soon as you start acting inconsistently your profits will suffer.

Regional Differences

Regulation

As the popularity of binary options grows across the world, regulatory bodies are rushing to instill order. That means where you trade and the markets you break into can all be governed by different rules and limitations.

If you’re day trading binary options in the UK, for example, you will require a license from the UK gambling commission. If you opt for a broker regulated by the Financial Conduct Authority (FCA), you’ll be guaranteed an extra level of protection. Beware some brokerages register with the FCA, but this is not the same as regulation.

Brexit has brought with it complications to trading regulations. The MiFID II guidelines were set to be implemented across Europe enforcing rules around binaries, however, the UK may not now implement the guidelines. This means the UK is no longer under pressure from Europe to reclassify binaries as financial instruments.

Binary options trading for US citizens is limited by a choice of just two brokers. Nadex and CBOE are the only two licensed options. Fortunately, they are both huge firms offering competitive prices and a range of different assets to trade binaries on.

Rest Of World

In Australia, the Australian Securities and Investments Commission (ASIC) runs the show. If you’re interested in brokers based in Cyprus and Israel, then check they are regulated by CySec. In Dubai and the rest of the UAE, binary options are regulated by the Dubai International Financial Centre (DIFC).

You can also start day trading binary options in Canada, India, Pakistan, South Africa, Malaysia, Kenya, New Zealand, Nigeria, Vietnam, Indonesia, and the Philippines. Each has their own regulatory bodies and different requirements.

So, if you want protection, ensure you do your research before you sign up for a binary broker on the other side of the world.

Taxes

Another important regional distinction comes in the form of taxes. Some countries consider binary options as a form of gambling, such as the UK. This comes with notable benefits. The HMRC will not charge you any taxes on profits made through binary options. However, in the future binaries may fall under the umbrella of financial derivatives and incur tax obligations.

Having said that, if day trading binaries are your only form of income and you consider yourself a full-time trader, then you may be liable to pay income tax. Whilst you are probably still exempt, it is worth seeking clarification.

Outside the UK, tax regulation differs hugely. Binary options in Japan and Germany come with vastly different tax obligations, for example. So, before you start trading seek advice to ascertain whether you’ll be exempt from tax. If not, will you pay income tax, capital gains tax, business tax, and/or any other form of tax?

For more detailed information, see our taxes page.

Can Trading Binary Options Make You Rich?

Although exciting and dynamic, to make a living trading binary options you’ll need to use this page and other sources as guides. Can trading binary options make you rich then? Done correctly, yes it can. There is no question of binary options potential profitably, this is evidenced by numerous millionaires. To get there though, you’ll need the right broker, an effective strategy, and you’ll need to invest in your trading education, by utilising the resources outlined above.

Further Reading

Yes, but regional regulation varies.

In India and Australia for example, binary options are legal.

In the US, binaries are available via Nadex, and perfectly legal.

In the EU, binaries have been withdrawn for retail investors, but it is still possible to trade binary options legally, by professional traders. Certain criteria need to be met in order to be classed as ‘professional’.

Can you trade at weekends?

Yes. There are two ways to trade at weekends. Firstly, forex markets are still open in some parts of the world during the “weekend” in other parts. Binaries can be traded on forex during these times.

There are also ‘synthetic’ markets with some brokers (such as binary.com) but traders should note there is no underlying market with these options. They are ‘virtual’ markets created solely to cater for traders looking to trade anything at all. They are not for sophisticated traders.

Are binary options banned in Europe?

Binary options have been withdrawn for retail traders by the European regulator, ESMA. Brokers not regulated in Europe may still offer binaries to EU clients.

It is also possible for EU traders to nominate themselves as professional traders. This waives their rights to regulatory protection, and means binaries are free to be used again.

Some synthetic markets can also be traded by EU traders, and while the product works exactly as a binary options, they are referred to slightly differently.

Do binary options work on MT4 or MT5?

There are no binary options brokers offering Metatrader integration. It is however, possible to perform technical analysis in MT4 and place trades on a separate trading platform.

Can you use binary options on cryptocurrency?

Yes. The leading binary options brokers will all offer binaries on Cryptocurrencies including Bitcoin, Ethereum and Litecoin. As a derivative, traders will not “own” any cryptocurrency, they will purely be speculating on the price. This does mean however, there is no need for a Crypto wallet or crypto account.

Trading Binary Options LIVE With a Professional Trader

If you’re interested in learning to trade binary options like a professional trader then you have two options. You can learn by taking a specialist course, or you can learn directly by watching an experienced trader. Someone who knows the markets well and has been trading binary options successfully for many years.

Being a successful trader is much more than having a winning strategy. It is essentially a state of mind and a set of specific skills.

Trading online with a professional trader

Finding someone who fits the profile of a successful and independent binary trader who will be willing to teach you to win may actually be very difficult. The good news is that with the power of the Internet you can now find expert traders online and trade with them regardless of your location.

You’d be surprised how this experience can change your trading habits

There are a few professional binary traders that have mastered binary trading and are now sharing their techniques with people all over the world. Unfortunately, their service is not free, they charge a subscription fee but it is still relatively low in comparison to what you would be paying for a course or for one-on-one training with a local trader, assuming you could find one in your area.

Professional traders share their computer screen and audio feed in real-time via a password protected website. They usually trade their own accounts and perform technical analysis live as they talk about the markets. Subscribers can see their screen in a browser window, listen to their market commentary, and follow their trades.

This graphic below illustrates this basic setup.

The professional trader shares his screen and his audio with the subscribers (S1, S2, S3). Subscribers can watch and listen to the entire trading analysis on their computer at home, regardless of their physical location. In addition, subscribers can communicate with the trader by asking questions via an open chat window during the trading sessions.

Advantages of trading live with a professional trader

Unlike many services that offer to send you binary options signals, there are numerous advantages of trading live with a pro trader.

  • Hands-on market experience right from the start

One of the main advantages of trading live with a professional trader is that you get hands on market experience right from the start.

To enhance your learning experience you can add another monitor and set up your charts in the same way as your expert trader. That way you can view and listen to the feed on one monitor and on the other follow and test your own charts. Your expert trader will help you set up the charts on your computer.

  • Market and chart analysis in real-time

The other most obvious advantage is that you get professional help and advice from a market expert in real time. You can learn from all the actions and comments of your expert trader as he examines the price action of various assets.

In addition, you can openly copy his/her trades on your computer and with your chosen broker and profit from all all the winning trades.

Here is an example video taken from a feed of an expert binary trader, Franco

You don’t need to know much about the markets or trading, but when you follow the advice of a professional trader who’s been winning for years, you get an amazing advantage.

  • Know when to trade, what to trade, and how

Your expert trader will show you what to trade, when to trade, and how to trade to win at binary options. If you decide to use such a service your winning chances will dramatically increase as some expert traders achieve on average 80% of wins.

  • Trade on average only two hours a day

Another advantage is that when you trade with professional traders, you only work about 2 hours per day because pro traders focus on very specific trading times and strategies. This type of working day approach can be very liberating.

Where and how to find binary options experts

Finding an expert trader may be quite difficult. There are many traders who specialize in Forex and spread betting but to find a dedicated binary trader with an impressive winning success rate is quite another thing.

Sure, there are many people who advertise their trading systems online but they usually don’t include ongoing mentoring and market commentary. Additionally many of those systems haven’t been tested thoroughly and long enough by users.

There are, however a few professional binary options traders whose trading skills have been tested by many users. The following trading rooms have been in operation for many years and have helped thousands of traders.

The most successful binary options experts run a signalling service which is part of their trading room.

Most people who are interested in learning to trade and are paying for access to a professional trader want something more in return than just knowledge.

They want winning signals too so they can make money of their subscription fees immediately.

Is the subscription fee justified? Is it worth it?

As the saying goes, ‘Nothing in life is free’, and unfortunately in this case it also rings true. All binary options live trading rooms cost money.

Most of them charge a subscription fee of about $100 every two weeks, which comes to about $10 a trading session.

Considering that every session can potentially make you money, this subscription cost should not be a deterrent to signing up and using the service.

Imagine how much money you would be paying for a similar, hands-on workshops at your local collage.

It’s understandable that the master trader and his team have expenses as well so there must be a charge high enough to cover good salary for everyone involved in creating the service and making it accessible to the public.

Various professionals, like doctors, solicitors, vets, can charge up to $350 an hour for their services so $10 per 2 hour sessions is really not a lot for what you get in return.

A list of live trading rooms for binary options

Below is a short list of the most popular trading rooms where professional binary options traders share their trading experience online in a live environment. You will be able to see their trading screens, listen to their commentary, and ask questions. The traders use real money to trade but if you’re just starting out it is recommended to copy the trades on a demo account first.

BOTS – Live Trading Room with Franco

We’ve been watching this service very closely and it’s producing very impressive results every year. In addition to live mentoring the service includes winning signals which can be traded on.

This is by far the biggest and most successful binary options (and Forex) live trading room. It has thousands of subscribers and most of them stick around for at least couple of months.

In fact, most people who subscribe to this service do it for the signals and the trading system (Read full review here). This live trading room has it all, high quality signals, good mentoring program by Franco, access to other top traders, help with initial chart setup, ongoing support and pleasant customer service.

The BOTS trading system requires your participation for only 2 hours a day, from Monday to Friday.

Unfortunately, Franco’s live trading room is the only dedicated binary options trading room that is still open to the public. Other rooms either closed their operation or became part of a binary broker’s signal service.

Fortunately, technical analysis for trading binary options is the same as for other assets such as Forex, Stocks, Indices or Cryptocurrency.

There are a few outstanding live trading rooms for dedicated for Forex traders which will also work for binary options traders and even cryptocurrency traders.

Traders Academy Club

Marketed as the Number 1. in online education for Forex traders, the academy is a perfect place to start for anyone who wants to learn to trade the financial markets.

The education is focused on technical analysis that can be used in Forex, binary options, and cryptocurrencies, etc.

For only $97 per year the subscriber receives access to two daily live trading sessions, open chat room, trading reports with ideas and explanation, unique trading tools, downloadable ebooks, and friendly 24/7 support.

This is one of the best and most cost-effective programs for aspiring traders.

The Traders Academy Club has been developed by Vladimir Ribakov, a professional Forex trader with over 11 years of trading experience, who has successfully traded for many years and he is sharing all his knowledge through his trading academy. There are also other professional traders who are part of the academy.

The feedback from users who have completed Ribakov’s trading academy is very positive. All in all it is a very good value for subscribers.

How to benefit from your live trading sessions

Trading sessions can be a life changer. It has been to many traders who started that way. It’s not an easy thing to follow technical analysis if your interests are elsewhere.

In order to really benefit from live trading sessions you really need to be determined to succeed.

Trading demands high level of concentration and you have to be open to learn new things.

You have to commit yourself at least for the duration of the sessions each day. In addition, you need to have a good Internet connection, at least a mid-range desktop computer or a laptop, and a quiet room where you can focus in peace.

These three things are absolutely essential in order to fully benefit from your trading sessions.

Without having to register with any broker, you can start with paper trading, where you simply keep a journal of your trades. Then you can move to a demo account and then once you’re comfortable on a demo account you can move on to a live account.

Trading on a demo is essential even when you subscribe to sessions with live buy/sell signals. It will let you practice your broker’s trading platform because just like any online or offline software it requires time to master it and know where everything is.

Trading on a demo first will also give you enough time to test the trading system and see whether it actually works for you.

What to expect/not expect from your sessions

The thing that you can expect from your live trading room sessions is the exposure to the markets and a professional trading routine.

You’ll see what it takes to trade online, how money can be earned and most importantly how to protect your capital from unnecessary exposure.

You can also expect to meet other experienced traders who will be part of the trading room sessions.

You will be able to communicate with them in real-time via online chat window and ask them for advice or share your trading experience.

What not to expect? Making a million within your first few weeks.

Contrary to what the binary broker’s visual ads lead us to believe, you will not make money effortlessly trading binary options. It’s just as hard as Forex trading, if not harder because there is more at stake so emotions often run high.

However, trading alongside a professional trader and following his trades will help to minimize your risk and relieve some of that stress associated with trading binary options.

Being guided by a pro trader and using a trading system that others also use to win at binary options will only make you a better trader.

Having said that, one needs to keep in mind that trading successfully comes with practice and time. Having a professional trader by your side will help you make money in the markets but not as quickly and easily as one may think.

Guide on how to enter trades on the ExpertOption platform

First a Mini Review of the ExpertOption Platform

ExpertOption is a new binary options trading platform that offers Vietnamese traders the opportunity to make money online. Being relatively new, it’s hard to say that traders are making huge amounts of cash on it. However, seasoned traders will appreciate the up to 96% effective returns on successful traded provided on the platform.

If you’re in Vietnam and thinking about joining this platform, this mini review will tell you a little about expert option.

What is ExpertOption?

It’s an online binary options broker. This means that you can speculate whether the price of an asset will rise or drop over a specific period of time. If you speculate correctly, you’ll make a profit. If your speculation is incorrect, you’ll lose the amount you staked.

ExpertOption is fully regulated by the FMRRC which is a Russia based independent regulatory body.

Types of accounts provided by ExpertOption

Depending on your trading experience and amount you wish to invest, you can choose among 4 different accounts

ExpertOption mini account

The minimum deposit needed to open an account is $50. Converted to Vietnamese currency, it’s still quite low. This account comes with a 50% bonus and a personal account manager. You’ll also benefit from a personal trading session and weekly bulletin boards.

Silver account

The minimum deposit needed to open a silver account is $250. Upon opening your account, you’ll get an 80% bonus and a personal manager. There’s also 2 training sessions.

Gold account

This account requires a minimum deposit of $1000 and attracts a 100% deposit bonus. You’ll also get a personal manager, 4 daily training sessions. Gold account holders also get special withdrawal privileges (withdrawals are processed faster).

Diamond account

This account requires a minimum deposit of $25000 and attracts a 125% deposit bonus. One privilege of this account type is that you’re allowed to manage it personally. You’ll also have expedited withdrawals, access to daily economic analysis and attend expert option training lessons.

In addition to the 4 real accounts, ExpertOption also provides a demo account credited with $10000 virtual cash. This makes it easier to get the feel of the platform without having to invest your own cash. Of course, each of the real account types has its advantages and disadvantages. It’s therefore recommended you first learn how to use the platform safely using a demo account. In addition, if you’re still new to options trading, it’s recommended you first start with the account with the smallest deposit amount. Once your confidence and trading expertise grows, you can always move to a larger account type.

General Risk Warning! your capital may be at risk

ExpertOption is one of the binary options platforms that are easy to trade on. The trading interface is well laid out and easy to navigate. It features easy to understand icons which direct you to different areas of your account such as payment processing, technical indicators and many more. Trade entry is also quite simple. All that you need to do is click on an up’ or down’ button. All these features make it easy to identify a price trend and enter trades fast. If you’re a beginner trader and want to get started with this platform fast, this guide will help you.

Once you’ve logged in to your account, the first thing to do is select the assets you want to trade. These range from commodities like Brent oil to currency pairs. To do this, click on the trade’ icon at the top left of your interface.

Next, you can customize your trading screen by choosing the chart type, indicators to use, drawings and other additional features. However, it’s best to use simple charts and tools like moving averages until you’re more of an expert trader.

Once you’ve done this, your interface should have at least a price movement line that’s moving towards the right hand side of your screen. Watch its movement.

Select the amount you want to trade with and the amount of time you wish to hold your position. Then, select the strike price. Simply put, if you select p’ on trade entry, you expect the price to be above the strike price on trade expiry. If you choose own’ on trade entry, you expect the price to be lower than the strike price on trade expiry.

Once you’re done, click on either the up’ or down’ button.

ExpertOption will calculate and show you the amount you should expect to make if your trade is successful.

General Risk Warning! your capital may be at risk

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

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