Trading Binary Options LIVE With a Professional Trader

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

How to Trade Forex Binary Options

Chetan Shekar
Contributor, Benzinga

For investors the financial market offers a wide variety of ways to grow your wealth. Foreign exchange, or forex, gives you direct access to trade with international currencies at the click of a button. And trading binary options on the forex market is one of the simplest methods of making money.

A binary option lets you predict the price movement of a currency pair over a set period of time. For example, if you are speculating that the European euro (EUR) will rise in value against the U.S. dollar (USD) in the next minute, you can invest in a call option for the EUR/USD currency pair. If you are right, your binary option contract will settle for $100 and you get your money back with an earned profit of $100, minus the price of the contract. And if the bid falls below your strike price, you will lose all of your invested money in 60 seconds.

Forex binary options are the epitome of the high risk-high returns proposition. It is an apt investment strategy for active traders who expect fast results in the forex market. Here’s what you need to get started.

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Step 1: Choose an Online Forex Broker

Before you begin, you need to have an account with a forex platform that allows binary options trading. You can compare different online forex brokers before signing up. Some things to consider in an online forex platform for binary options include minimum deposits, minimum trade value, payout percentage and the number of currency pairs available to trade.

Step 2: Pick a Currency Pair

Most online forex brokers will have a list of at least 80 currency pairs to pick and choose from. Common currency pairs that are traded in the forex market are EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USD/CAD and NZD/USD. But, just because a currency pair is popular doesn’t make it profitable. Making informed investments based on research and statistical data helps you limit the risks involved in the binary options you buy.

Step 3: Pick a Binary Option

Online forex platforms let you pick the type of binary option you want to buy. Depending on your choice, the payout percentage on the binary options will vary accordingly. The most-traded binary options are listed below.

  • High or low: You can predict if the price will rise above or fall below the strike price of your currency pair. For instance, if the EUR/USD is valued at 1.1134, you can buy a high or a call option at 1.1139. Likewise, you can buy a low or a put option at 1.1131.
  • Range or boundary: You can predict if the price of the currency pair stays within the strike price or if it will exceed it. For instance, if the GBP/USD is valued at 1.2452 and you expect it to reach 1.240, you can buy a range option. Likewise, you can buy a boundary option if you expect it to reach 1.259.
  • One touch: You can predict the price a currency pair is likely to reach. For instance, if the AUD/USD is valued at 0.6147, you can buy a one-touch option at 0.6150.
  • No touch: You can predict the price a currency pair is not likely to reach. For instance, if the AUD/USD is valued at 0.6147, you can buy a no-touch option at 0.6140.
  • 60 seconds: You can predict the rise or fall of a currency pair value within 1 minute. For instance, if USD/CAD is valued at 1.3997 and you expect it to reach 1.3999 in the next 60 seconds, you can buy a call option.

Step 4: Set the Option for a Call or Put

Once you’ve decided on the type of forex binary option to trade, you can choose to buy a call or a put contract. If you expect the value of the currency pair to rise, buy a call option. And if you expect the value of the currency pair to fall, buy a put option. This does not apply for one touch and no touch binary options.

Step 5: Set an Expiry

You need to set a time duration for the forex binary option to trade. The expiry on a forex binary option contract can be anywhere between 30 seconds to 1 day or even 1 week. Many traders indulge in intraday binary options to make a quick buck. Be careful while following in their footsteps; you could burn your fingers on a binary option just as fast.

Step 6: Reap the Rewards

Unlike forex trading, binary option contracts are purchased for a fixed rate and a fixed reward. Both the buyer and the seller of the binary option contracts will have to put in their money beforehand. So, you can cash in on your earnings as soon the currency pair hits the strike price.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

Foreign exchange trading does not have a physical marketplace. You have to open an account with an online forex broker to be able to trade in currency pairs. Since global economic and political news has a drastic impact on forex, you have to explore the full set of analytical tools that an online broker provides with a registered account.

Based on crucial factors such as pricing, trade fees, trade execution speed, ease of use and regulations, Benzinga recommends the following online brokers for trading forex binary options.

1. FOREX.com

FOREX.com is an industry-leading online broker for foreign exchange trading. It offers tight spreads on over 90 currency pairs. You can open an account on FOREX.com with a minimum deposit of $100 or 100 units of your preferred currency. With it, you can trade forex on desktop, internet browsers or on its mobile application. It has an impressive average execution speed of 0.05 seconds per trade.

FOREX.com provides powerful market analysis tools such as the economic calendar, advanced charting, pivot points and daily updates from current events and geopolitical news. It is regulated by the Cayman Islands Monetary Authority. For more information, you can read our full FOREX.com review.

Founded in 1974, IG is the preferred online forex broker for over 178,000 traders worldwide. You can open an account on IG with a $0 minimum deposit. You can also open a demo account to practice forex trading with limited risks. The demo account provides you with AUD $20,000 in virtual funds to help you try your hand at forex trading without any capital investment.

IG offers over 80 currency pairs to trade with. IG’s proprietary technology ProRealTime allows you to filter binary options by strike price and expiration date. It has a round-the-clock customer support facility to answer any queries you have. It is regulated by the Commodities Futures Trading Commission and is a member of the National Futures Association.

3. TD Ameritrade

TD Ameritrade is a commission-free online forex trading platform. You can open an account on TD Ameritrade with $0 minimum deposit. It offers over 70 currency pairs to trade with. The paperMoney tool helps you experiment with new forex trading strategies without risking your own money.

TD Ameritrade’s thinkorswim platform gives you access to professional-grade tech tools to heighten your forex trading experience. With this integrated platform, you gain access to global forex charting packages, currency trading maps and real-time breaking news from CNBC International. TD Ameritrade is regulated by FINRA.

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.

Copy a Live Professional Trader with Binary Options Trading Signals

Binary Options Trading Signals or Franco’s signal service is presented to online traders to help them to make money through trading binary options. It may come to be difficult for you to trade binary options on your own, but Binary Options Trading Signals helps you to trade easily through allowing you to copy a live professional trader. After subscribing and becoming a member, you will be able to access the trading room and see what a professional trader does and copy what you think it will be profitable for you on your account. It offers on every trading day one trading session that starts at 9:30 AM to 11:30 AM EST and it allows you to win trades and make high earnings up to 85% on your investment. It sends several signals that range from 3 to 5 signals a day to its customers to allow those who miss one signal to receive the others.

♦ Keep watching even on the go

You do not have to sit in front of the screen of your computer to watch the live trades while they are executed because even when you are not using your computer, you will be able to keep following the live trades at anytime wherever you go through using your mobile phone as it is compatible with iPhone using Photon Browser.

♦ Good source for learning trading

You are not only going to watch the live trades to copy the profitable ones, but you can also make use of this chance to learn from the live professional trader whom you watch, to improve your skills and gain more experience in the field of trading binary options.

♦ No experience or skills

There are many systems which offer to help you to trade binary options but most of them come to be complicated and need to exert a huge effort to know how to use them or they may not work for you to facilitate the process of trading. Binary Options Trading Signals helps you to follow the live trades without requiring any programming experience or technical skills because there is not any software that needs to be downloaded or installed to be able to watch the live trades.

You do not need to have any experience in trading binary options because all what is difficult is done for you. All what you need to do is to watch what is done by a live professional trader and copy the live trades that you feel they are going to increase your profits.

♦ Reliability

The trades that are presented to you are live trades and they are not recorded or taken from back-tests to make you believe that they are really profitable and are going to help you when you copy them to your live account. You will also get some of the results for recent performance on a real account to show you that the service is capable of maximizing your profits.

7 Tricks To Be Professional At Binary Options Trading

Are you a professional at binary options trading? If not, then you are in the right place to boost up your energy.

Most of you already know what binary options are, as you are here for the top tips and tricks on trading binary options. But, for the uninitiated, we will give a short brief.

Binary Options are financial instruments that allow you to trade on all kinds of assets such as forex, stocks, futures, crypto, indices, and much more. There are only two directions in binary trading and this is where it gets its name from.

By accurately predicting the outcome, you win a payout. If you are wrong, you get nothing and lose your initial investment. The time from when you place the trade till the time the trade lasts is the expiry time.

When you think the price of the asset will increase, you buy a call option. Moreover, when you believe the price will decrease, you purchase a put option.

It is just a short introduction to binary options. Head on over to our introductory guide on binary options trading that covers all the concepts of options trading in great detail.

Can Anyone Be A Professional At Binary Options Trading?

Binary Option is simpler and far less complex compared to other forms of trading. It is easy to understand as well as beginner-friendly. But, does that mean it is easy to score profits when trading binary options?

Let’s take a look at statistics and probability.

In a study conducted by FinanceMagnates , they covered on Japanese binary trading industry. The average payout ratio was found to be at 95.69%. On an average 74.1% of traders ended up facing losses trades.

Roughly 1 in every 4 traders ends up making money trading binary options. By now you have realized even if they are simple to trade, it doesn’t mean everyone’s making off it.

  • What’s the difference then?
  • Why are some traders expert while the majority keep losing money, and blame their broker?
  • Are they missing out on some secret information?

Sorry to burst your bubble, but there is no secret mantra or formula that will make you rich overnight. There are, however, a few tricks and tips that you can apply in your trading. It will help you stay ahead of the curve.

Via this article, we will share with you the 7 best tricks to become a professional Binary Options trader. We will suggest you read till the last to find out what these tricks are.

Best Binary Options Brokers for USA (Top Trading Platforms 2020)

Binary means 0 and 1 and that is the rule in binary option trading too. The basic idea is to put your money on a yes or no, that’s it. If you get it right on the trade then you take home the interest or you get nothing. Here we will learn about those which are for US traders.

As far as US is concerned, traders here have real difficulty finding a reliable and trustworthy binary option broker. If we’re talking about brokers based in US, there is only the NADEX for binary options trading.

However, there are few world-renowned, popular trading sites that are there for US traders even from outside. The first thing US traders should look for in a binary options broker is the ability to trade in US Dollars. Beyond that, what is more important than currency is having payouts available in US-based banks.

Another thing to look for here is multi-platform access, so it’s easy to trade on the go.

Here are the Top 5 Best Binary Options Brokers for USA Buyers

1. Nadex (best options broker overall)

A favorite binary options broker among US traders and headquartered in Chicago, Nadex is licensed by the Commodity Futures Trading Commission (CFTC). Nadex is not just a binary options broker but it is a binary exchange operating as per regulations of US government.

The minimum deposit needed is $100. There are four different trading platforms on Nadex- Free demo trading, Nadex trader, Nadex pro, and mobile trading.

You don’t have any software to download to trade on Nadex. Everything goes on your browser.

US residents can do deposits through debit cards, Automated clearing house (ACH), wire transfers and paper check but non-residential US traders don’t have the paper check option. Minimum investment is $25 and you can have a maximum payout of over 200%.

2. Finpari (best binary brokers outside the US)

Because it is not in US and is regulated by CySEC pushes it to the second spot. Other than that, it is better than Nadex in many ways for US traders. It offers a maximum return of 90% and there is a 100% bonus rate with $250 as a welcome bonus.

The minimum deposit on Finpari is $250 and it works on a very smooth and user-friendly SpotOption platfrom; It is fully functional for mobile devices.

Amount you can invest with this binary options broker

The minimum investment is $1 and maximum you can invest is $1500 with bronze, silver and gold accounts. Finpari accepts USD, EUR, GBP and RUB.

3. BinaryMate (one of the best binary trading sites in the UK)

BinaryMate quite new to the list of US-legitimate binary options brokers. Launched in 2020, BinaryMate is operated from Scotland. It has a proprietary platform for trading that includes live 24/7 video chat with managers.

With an amazing payout rate, you can have returns up to 95% in just 60 seconds. There are over 100 assets with three type of accounts- gold, silver and bronze. Demo accounts are also offered to all the customers after deposit.

The minimum deposit amount is $250. Minimum account size is also $250 whereas you can start trading from a minimum amount of $1. Maximum payout rate is 95%. There are range of withdrawal methods.

4. Capital Bank Markets

Capital Bank Markets is a binary options broker with professional trading technology which, at the same time, is easy enough for new traders. There is a mobile app currently under development, which will soon provide easy on-the-go trading to users.

It accepts a minimum deposit of $500 but there is a unique student account option for college students, which allows student users to start with a minimum deposit of $250. You can start trading with as little as $25.

Short term assets expires in 3 min to an hour whereas long term assets are available any day from open market until closing, with a gap of 15 minutes. Payouts range up to 95% and you have over 300 assets for trading.

5. MarketsWorld

MarketsWorld is another proprietary trading platform headquartered at Isle of Man in Great Britain. It is regulated by the Gambling Supervision Commission. The first minimum deposit needed is $10 and the minimum trade amount is only $1.

The bonus rate is 100% with a cash match up to $1000. You get a maximum payout rate of 90%. The platform is quite simple and very fast; there are no hassles are using it, even on mobile. The only thing that keeps this at last place is the number of assets available for trading, of which there are only 16. Other than that, this binary option broker is fast on withdrawals, relatively risk-free trade, with huge potential for bonuses.

Editor’s note on the best binary options brokers

Are you looking for a traditional option broker? We’ve compiled a list of the very best right here.

Don’t slack on trading equity shares! We recommend signing up for veteran trader John Thomas’ trade alerts, where you get to receive trade suggestions from the man himself. Trade knowing that your chances for success are all that much higher. Learn more here.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

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How To Start Binary Options Trading 2020
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