One of the tips for successful binary option trading is to use an online platform that helps a trader succeed.
This means that a binary options trader needs to be up-to-date with the latest price movements and any news that has a potential to affect the stock markets.
To this end, a leader in binary options trading, Winoptions.com, has launched its new platform helping boost the way traders work.
The firm is a brokerage company which specialises in financial derivatives as well as binary options.
They say their new offering will ‘revolutionise’ the financial industry and also offer traders the chance to deal in Forex and CFD’s on the same platform.
Binary options trading –with a social trading element
In addition, they have also added a social trading element which allows binary option trading newbies to copy the trades being made by some of the best binary option traders around.
Another interesting element is that for ‘ladder trading’ which effectively breaks down a risky binary option trade into five separate trades with each one carrying a different risk.
Ladder trading effectively allows a binary options trader to trade to their own risk profile.
There’s also a useful tool that enables the platform to become a binary options strategy advisor – a crucial element when vital decisions have to be made.
Obviously, there are other binary option trading platforms available and this one is up with the best of them.
Short term binary options trading
For those who like their binary trading to be short term, the platform will enable traders to offer a timeframe of as little as 30 seconds and up to 300 seconds.
Don’t worry though – the long term element allows a trade to take place up until the year-end.
A spokesman for winoptions.com said they were excited about the launch of the new platform because it enables traders to tailor their online trading across global financial markets easily.
One interesting aspect for those new to trading is that the platform will allow binary options pairs.
This is when a trader pairs assets from a sector to create a unique asset to their binary options so people can trade on their relative performance.
Trading in binary options pairs
For instance, a binary options trader could pair silver vs gold or even Apple vs Google with one asset outperforming the other in a set timeframe.
There’s no doubt that the world of binary trading is growing quickly in popularity and the trading platforms that encourage success are now taking off.
This new winoptions.com offering is certainly worth a look and then compared with other platforms to see if the promises match up to the delivery.