Trading commodities as Binary Options are not that hard. With non-stop access to the latest global news, foretelling a change in the cost of commodities is probably the simplest way for new Binary Options traders to make money in the markets.
The biggest tip that a trader can give a person concerning trading commodities is the same as it is with trading everything else: You need to know your asset, know what influences its price, keep an eye on the news and place Binary Options on commodities only when your decisions are backed by firm data! But don’t forget there are scam sites for Binary Options trading. You can save yourself a lot of time by using some websites (scanners). One of them is www.is-scam.com, there you will get all the information that you need about your broker.
In Binary Options, the most heavily traded commodities are gold and oil. Commodities like oil are attracted to traders, and particularly to novice traders, because the events that affect their prices are constantly in the news. News like a threat of war or a change in a Government of an oil producing nation, disruptions to pipelines, increased and decreased manufacturing outputs in major economies, have a big demand on the supply and demand curve, and therefore, they also have an impact on the price of oil.
Some commodities have strong links to currency prices. Before a trader enters a position on commodities, he needs to take a look on the currency market. Certain commodities are correlated with other assets, and particularly currencies, as we have already mentioned. Canada is one of the biggest exporters of oil to the United States of America, so if the price of oil is going up, you can place a Binary Option on US Dollar/Canadian Dollar to go down. The same goes for the Australian Dollar and gold. Australia is the world’s third biggest exporter of gold, so a rising gold price has a predictably positive impact on the Australian Dollar.
Because many commodities are denominated in US Dollars, a weaker Dollar drives up demand, and therefore, it drives up the price of oil. A Binary Options trader that understands this connection is in a position to profit. But others also profit when the price of oil goes up, such as companies like Chevron and Exxon Mobil. So, an up Binary Option on a share price of oil companies is an excellent correlated trade.
The best way to start trading commodities in Binary Options is to practice. Open a demo account and follow the news. See if you can start making the connections. When you become confident in your ability to spot a cause and its affect on a commodity price, than you can think about using your real-life money account.
So, to profit from commodities, you have to follow world news, and recognize the butterfly effect they have on the price of assets such as gold, oil or corn. That means that a good trader understands how the world works and tries to make a profit from that knowledge by investing in a thing that he believes will have its price go up in a near future. And, basically, that’s what trading is – making a good prediction, and following your gut.
Your state of habitation assumes no part when trading binary options on “Opteck” online platform. Our workplaces are all inclusive dispersed to upgrade you with a 100 percent web based platforms perfectly all over the globe. Either you are in the United Kingdom, the United States, Brazil, Japan, or anyplace else on the planet, your exchanging is secure and functioning.
Safe conditions for trading
The “Opteck” has put widely in its precise and secured electronic exchanging stage to permit its clients a totally sheltered and private exchanging knowledge. The site has been tried by the most experienced web specialists and it is programmer safe. Besides, you appreciate an easy to use stage without the normal glitches that most brokers have developed to expect on other platforms for trading.
Get support from a group of specialists
By exchanging on our platform, the users are bolstered by a group of experts. The directors at “Opteck” are experts in the electronic commercial ventures and budgetary danger administration. In view of the dealers’ advantage, our administration has added to an incredibly famous exchanging stage that indulges the needs of starting merchants, expert, and organizations.
Exchange with liquidized resources
You can trade in currency pairs, indices, stocks, and commodities. And it’s all from the comfort of your own home, no matter where in the world that might to be.
Traders are given the chance to put resources into an assortment of advantages, the decision of benefit is completely subjected to your exchanging inclination; you can exchange money sets, files, stocks, and items. Also, it is all from the solace you could call your own home, regardless of where on the planet that may be.
Have an insight in your account whenever and wherever you want
Binary Options trading on “Opteck” is conceivable through any computer, portable computer, advanced mobile phone and tablet gadget. To begin exchanging everything you need is some great will and Internet. As we are acquainted with the brokers’ constantly developing requirement for availability, we have discharged you from the connection to constraining gear.
The list of binary options platforms:
Demo platform “Merchant Workstation”
The “Trader Workstation” is our full-offered Java exchanging and request administration application. This demo reflects the generation form in both structure and capacity, with the exception of that market information is recreated in light of the earlier week’s “ticks”, and requests are not really performed .
This Demo is a trading application based on HTML intended for utilization behind a firewall and for clients who may not require the full-offered advancement of the Trader Workstation. Right now, “Web-Trader” incorporates just constrained usefulness to backing multi-customer record structures, for example, counselors. The demo reflects the creation adaptation of “Web-Trader” with the exception of that market information is recreated taking into account the previous ticks and requests are not really performed.
This demo incorporates the same highlights and postponed information as the fundamental “TWS” demo with essential concentrate on the Forex-Trader exchanging apparatus, which is shown on login and prepopulated with information. If you need a cherrytrade demo account or any other demo account follow this link.
A global provider of inventive foreign exchange trading services – OANDA, has won 2 awards in a specialist financial services research agency, in Singapore from Investment Trends. OANDA was ranked as number one for the 3rd year running for “Highest Overall Client Satisfaction”, and it was also rewarded “Value for Money” in forex. Also, OANDA has won 2 awards every year the review has been conducted by Investment Trends. The awards are based on a survey conducted by Investment Trends that received responses from 11,763 investors and traders in Singapore.
K Duker, CEO of OANDA said that those awards are familiar with OANDA’s permanent efforts to improve their trading platform and develop new features, together with their commitment to ensure clients with high quality experiences of forex trading backed by great customer support. It was nice to see that OANDA’s clients are pleased with easy-to-use and reliable FX trading platform: its innovative features, better quality of execution and tight spreads. The winning award is seen highly impressive for highest satisfaction in general.
It was a testament of their hard work and emphasizes their goal to be the most trusted partner for retail forex traders.
A global research firm – Investment Trends – has been conducting studies in the retail FX, CFD and online broking markets for over ten years. Conducted in September 2012, the review is the most extensive and the largest study on the Singapore FX and CFD market, analyzing how traders and investors rate the leading CFD and FX providers.
They are delighted to be recognized by forex traders for their technology leadership and their reputation for superiority in client service. Although, Singapore is a very competitive market, and yet OANDA has a constantly growing number of clients because traders trust services that OANDA offers. They have raised their market share and they are pleased to see that traders are familiar with their commitment to help them succeed in the unstable FX market. It authenticates their work in providing innovative tools, information and data traders need – from traditional news sources, industry experts, social networks and OANDA’s own collective market data – said Marion Lang, who is the Head of Sales and Marketing for OANDA.
OANDA Corporation has changed the business of foreign exchange in the course of an inventive approach to forex trading. FxTrade – the company’s leading online trading platform – introduced a number of 1st to the marketplace, as well as instant settlement on trades; immediate execution; 24/7 trading; trades of any size between one unit and ten million units; and interest calculated by the second. The first online provider of comprehensive currency exchange information was OANDA, and today the company’s OANDA Rate data are the standard rates for corporations, central banks and auditing firms.
OANDA Corporation has 7 offices worldwide, in London, Chicago, Singapore, New York, Tokyo, Zurich and Toronto. OANDA is completely regulated by the United States National Futures Association, the United States Commodity Futures Trading Commission, the Investment Industry Regulatory Organization of Canada, , the Monetary Authority of Singapore, the UK Financial Services Authority, and the Japanese Financial Services Agency.
In order to succeed, every Binary Options broker needs a powerful trading platform. Because the Binary Options industry is growing quickly, existing and new platforms are upgraded and reinvented to make sure that trading is simple and fast. All Binary Options platforms have their own special features and they shouldn’t be undervalued while choosing the right Binary Options broker. In this article we are going to show you some of the major platforms with general presentation.
This platform brings an easy and quick way to produce profits all the way through the least amount of efforts from the side of the operator, and maintains to provide the best BO (Binary Options) solution to internet surfers, traders and investors. Its flexibility, ease of use and power are well known to in the BO industry as they can be the largest binary options platforms provider. GTOptions, BBinary, TradeRush and Redwood Options are using SpotOption platform amongst the Binary Options Brokers.
Tradologic great platform is not yet completely acknowledged by the Binary Options community. Tradologic Platform looks very much like the more popular SpotOption, but provides some special features of its own, such as the Touch and Range options and some other trading tools such as close now and rollover options. This platform seems like it is on its up, continuously improving the trading platform. However, Tradologic approach to binary options is like kind of a “gambling” approach. The thing is that they believe this type of trading as gaming, and for that reason the platform has more short terms options and less analytic tools. CedarFinance, Option Yard and OptionBid are using Tradologic platform amongst the Binary Options Brokers.
This platform is a hundred percent web-based binary options trading platform and it is a simple platform for beginners and its variety seems to be unusual as it reaches out to the US, European, Asian and Middle Eastern markets as well. Even though is launched at 2009, this platform hasn’t sold its platform to any other broker. The thing is that they decided to keep their innovative technology only for themselves, which makes this platform – Anyoption™ – a truthfully one of kind Binary Options trading platform. The technology which is employed in this platform is fairly speedy and it helps a lot in saving time and it is completely secured. The platform is more United States type binary options with 1-100 options.
StockPair Trading Platform
This platform introduces – Pair Options Trading as an thrilling new way of trading options. This platform lets you to choose 2 pairs of assets (currencies, Indices, stock, commodities) from a long list of pairs which are available, the lower/higher the chosen pair will be in a certain expiration time will generate traders up to three hundred percent from just 1 trade. Recently more and more brokers started to accept this type of trading, but the first one was StockPair. Close to Anyoption, they developed their platform from the ground up and their website is the only place where you will find it.
Every trader is unique and will have a different set of things that he need for trading. This is the reason new platforms for trades have different options so that they can be suitable for all kinds of traders. If a trador choose to install the ‘’Flagship FXCM’’ trading station he will be given a choice of taking any of the three very compelling ways to trade, and for this he needs just one single logging in. Here is the comparation of some trading platforms for Forex:
-Trading Station web: It is one of the most popular among traders. This platform has an equipment of a experienced charting package. This will give traders an option to trade directly from the charts, they won’t need any installation or downloads, it is already predicted to be used on any compyter including Mac, and also from beneath corporative and most personal firewalls. It is a really great trade station.
-The next one is Tradins Station desktop: This one is indeed a right choice for all those traders who need more progressive functionality from the trading platform they have chosen. The amazing thing that traders like the most about this one is that it will give them an option to customize their platform, and have easy access to a robust set of trading tools( all automated and analytical). They will also have aces to advanced back testing functionality, preloaded strategies and detailed strategy. As a plus there are Analysis and History tools. This can also be, and is a choice of many professional traders.
- The third one will be Trading Station Mobile. If you are a kind of person who is traveling and moving a lot and need to trade while you are on your way, this will be an amazing solution. The traders of FXMC can trade on their tablets and smartphones. In the list are included: iPhone, iPod, Windows phone, Android phone and Android tablet and Blackberry. Trading Station mobile will allow you to have a glance into live streaming rates all the time, also to manage and place your orders, to analyze all of the news, access any charts and deposit all of the funds. It can come very handy in all the situations that you can find yourself into. As a real professional trader, this is a must have for you.
Now we ask you if you are an automated trader. In addition to this Trading station there is a niche of other solutions offered, which will help you with your specific needs of all kinds. For example: MetaTrades 4 is a choice of those traders using EAs. They are attracted to this MT4 platform since it is upgraded and will integrate very well with other things you use. There is also Mirror Trader which uses Smart Filters and the Signals from real time, and by that it find and identify the strategies which will work the best for your needs. By this you can built or only evaluate a portfolio of all strategies that you’ve tested. Or you can choose to just track individual signals which will support you and your personal trading analysis.