| Binary trading is becoming a very popular trend among former stock and Forex traders. There are many reasons for this, but the primary attraction to Binary Trading is its simplicity. Trading Binary Options could not be simpler. You choose an asset, whether it is a stock, index, currency pair, or a commodity, then evaluate whether that asset will be increasing or decreasing in the near future. Once you make that decision based on the trend or your intuition, you open a trade. If you opened a Call meaning that the asset will increase in value and it went up by even one cent, you will benefit from a relatively large profit on your investment. Of course, the opposite applies as well and if that asset decreases by even one cent, you lost all your money. Trading with Anyoption has some benefits that make this form of trading even more profitable. For starters, when you do indeed predict an outcome incorrectly, you do not lose all your money. With Anyoption, you retain 15% of your initial investment, even if you were wrong in your trade. On the flip side, if you traded in the right direction, you will enjoy a very high return of between 65% and 71% of your investment. Additionally, trading with Anyoption was a breeze. The trading platform is Web-based, meaning you can do it from any Web enabled computer, and there is no need to stay glued to your monitor till the trade expires. In terms of the options available, there is a reason this broker is called “Anyoption” since you have over 60 choices of assets. These include stocks, commodities, indexes, and Forex pairs. The interface is easy to use and highly intuitive, not to mention extremely robust and responsive. Once you select your asset, you can easily choose a Call or Put trade, your desired investment, and you are set. Unlike other brokers I have used, with Anyoption, the platform has complete flexibility, and you can choose any investment you want, as well as any expiry date starting from the end of the hour all the way to the end of the month. What I did not like so much about the platform is that there is no way to see from the main screen whether your are In the Money or Out of the Money without opening the trades one by one. It would have been more convenient if that information would have appeared alongside the open trades on the front page. However, to see the status of your trade at any given time, you can easily click on a picture of a chart, and it will tell you where you stand. I have to tell you, trading with Anyoption was so easy, I was tempted to invest some of my own money to open a personal account. In addition to the industry-leading trading platform, the Anyoption site also includes basic tutorials and guides about the Binary Options trading market, which I found to be very helpful and informative. The site also offers an economic calendar as well as breaking news, which should guide you in your decision when opening new trades. The Anyoption service is available in 5 languages, making it accessible to anyone irrelevant of their location. One other thing I would have liked to see is a chat service when contacting Anyoption, but that was missing and they can be contacted via phone or email only. In conclusion, Anyoption has done a great job establishing itself as one of the leading brokers in the relatively new Binary Options trading arena. The only people I can think of that would not enjoy the Anyoption service are competing brokers, since they clearly have big shoes to fill. With a few minor tweaks and improvements, Anyoption can quickly become the number one Binary Options broker, which, in this growing market, will of course attract lots of traders. The sky is the limit for Anyoption. |
http://www.dailyforex.com/Anyoption/Anyoption-review/469
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Hey Everyone,
"Which Forex pair and time frame is best to trade" is the frequently asked question and I want do give you the DEFINITE ANSWER in this comment.
Are you expecting that I am going to say something like EUR/USD on 10-minute time frame or GBP/USD on daily...? No, it is not so simple, but SIMPLE ENOUGH we can figure it out!
The "PROBLEM" is that markets change over time. If GBP/USD was a well trending currency pair a few years ago, today it is another one.
I actually want to let you know about a SPECIAL INSTRUMENT that I use to find the BEST TRENDING PAIRS among all the Forex pairs.
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The software inspects 34 Forex pairs on all time frames from minute to monthly. This way you choose the best trending pair and time frame at the current time.
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