Category Archives: Binary Today Review

Picking A Broker By Binary Today

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Finding the right binary options broker, so here is a guide by Binary Today on how to pick the right broker, how much you should be risking per trade, and a couple strategies as well.

This is a great place for you to start.

Choosing The Right Platform Or Broker

Choosing the right platform or broker for your trades is an important factor in reducing your risk of losing money. Whilst there are many platforms to chose from, you should be aware that they are not all the same and don’t all offer the same features and benefits.

One benefit that is important to consider is whether or not the platform or broker you choose gives you back a percentage of your trade when it loses. There are a variety of offers out there and they usually average between 10% and 15%, but you should be aware that this benefit may be offered because the return on winning trades is slightly less than those brokers that don’t offer this benefit.

Therefore, you need to decide for yourself which type of platform is more beneficial to you depending on the level of your trading skills. At Binary Today, it is recommended to start small and build from a low deposit level. This way you get your footing with very little risk.

How Much To Risk On Each Trade?

Another important strategy to consider is not to get carried away and invest too much of your account in one trade. With binary option trading, especially on the Forex market, you can open an account with a broker for a small amount of money, generally around $250. This means that if you see a good opportunity in a trend, it is all too easy to risk a big sum only to find the trend suddenly changes and you’ve lost the lot.

Therefore, a good strategy to adopt is to only invest small amounts in each trade, relative to the amount you started with and to build up your account balance gradually with your winning trades. For example, if you opened your account with $200, then only enter trades with $10 to $20. If you opened your account with $1000, then trades of $50 to $100 can be entered.

Some of the brokers at Binary Today provide traders with the option of trading very small. As small as 10-25 cents per trade. This is a great way to learn while still in the live trading environment.

The reason for using a strategy like this is because no one can have winning trades 100% of the time, so you must be prepared to lose some of your trades. You should adopt this method until you feel confident that you know what you’re doing.

The Double Profit Strategy

In the Forex market, for example, if you have noticed over the past few hours that the trend of a currency pair that you’ve been studying is neutral (neither climbing very high nor falling very low), then to profit with this strategy you would enter a trade at both the high and low ends of the trend.

Place put-trade at the top of the trend just as it peaks then, when the trend falls, place call-trade at the bottom of the trend. Providing that the price fluctuates between these two points during the time period of your trade, then you will win both trades. Double profit. However, if the trend went outside one of these parameters, then you would still win on one of the trades and so, limit your loss.

For example, if you placed a $50 put-trade and a $50 call-trade and both stayed within the parameters then you would earn $70 plus your $100 ($170). However, if one trade went outside the parameters, then all you would lose is $15. In other words, you will have invested $100 and won $85.

On the other hand, if you were wise enough to have chosen a platform like binary today that pays you even on a losing trade, then you will have reduced your risk of loss even more.

Taking the example above, if your platform paid you 15% for a losing trade, then on top of the $85 you won, you would also get 15% of the $50 that you lost ($7.50), making a winning total of $92.50 and a loss of only $7.50.

Binary Options Trading Strategies – Trend Lines

The Trend Reversal Strategy

If you see a trend going in a particular direction, whether it be up or down, and you’re concerned that the trend may change direction within the time period of your trade, then this strategy will help you to break even. To employ this strategy, however, you will need to be watching the trade carefully and be ready to act very quickly.

Say, for example, you entered a call-trade (say $50) as the trend was rising and as it rose you felt confident in placing a second call-trade, then this second trade should be less than the first (say $40). If, again, you felt confident that the rise would continue and decided to enter a third call-trade then, again, this third trade should be less than the second (say $30). The reason for reducing the amount that you invest is to limit the risk of loss should the trend suddenly change downward during the period of your trade.

If the trend did, then, suddenly turn, in order to limit the loss you would need to be ready to enter a put-trade for the total value of all your trades, in this example $120, as the trend hits the level at which you entered the first trade. In doing this, as soon as the trend nears the first trade then you will have limited your loss to just 15% or $18.

Even if your platform doesn’t give you anything for a losing trade, with this strategy your loss would only be $36.

Do What The Professionals Do

One of the least risky strategies to use is to copy a professional trader, like John Kane at Binary Today as he trades Live. There are some traders on the internet that allow you to watch while they place trades, with the intention that you should copy them and learn from them.

Should You Trust Binary Options Signals?

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I’m frequently asked questions from the readers here at Binary Today Review, and one of the most common is, should I use binary options signals? So today I’m going to address this head on, and let you know if you can trust signals or not.

By now, if you’ve been in the investing and trading world for any length of time you’ve likely heard about binary options trading. It’s one of the most popular and fastest growing types of investing that you can choose to focus your attention on, largely because it offers short expiry times, easy to understand trading mechanics, and an all or nothing system of investing either you make money or lose your investment.

Within the binary options trading world are plenty of different tools, techniques, and methods that you can use to improve your chances of finding success with it. Good old fashioned research and using your judgment as to what an asset will do is the key, of course, but adding something like binary options signals to your toolbox can help you get even better results from your trading.

Of course, binary options signals aren’t something you can just start using immediately without any knowledge of. Taking some time to learn a bit more about them is well worth doing. There are plenty of signal providers and services out there, but the first step is knowing the basics.

The Basics Of Binary Options Signals

Binary options signals are just what they sound like signals sent to you that alert you to potential trading moves that could lead you to positive results. The entire idea is simply to let the binary options signals provider handle the analysis of the market and different assets for you so that you don’t have to deal with this time-consuming, stressful, and sometimes confusing process.

Once that the provider gathers the information and makes a determination about the best opportunities currently available in the marketplace, they’ll send you an alert. This is usually in the form of an email or a text message alert, and may be done in different formats such as:

  • Daily Signals – These are sent once daily and will expire once the market closes on an asset.
  • Short Term Signals – These can expire within an hour or even within 5 minutes or less. They are generally set up to work automatically so you don’t even perform manual trades and are usually called auto traders.
  • Long Term Signals – While binary options are generally traded at a fast pace, some signals may be sent with a longer goal in mind a weekly or even monthly option. This is rare, however, and most signals are sent in one of the other two formats. Once you receive the binary options signals you will be able to decide whether or not the info is trustworthy enough for you to act or if it fits your current needs. In the case of auto traders, your trade may be placed automatically and results sent to you upon the expiry of the option. You could technically end up earning money before you ever even check your messages through these systems.

Binary Today Signal Software

Here at Binary Today Review I stick to binary options software that provide signals.

I have full client reviews of each of these, and they help me make the right decisions with my trades.

How Do They Gather Their Info?

When you trade binary options, you’re watching things like trends and behaviors. These trends are essentially patterns within the statistical and financial data of a particular asset, and good binary traders spot these trends and use them to their advantage.

The big problem is that this takes time and energy two things in short supply these days. When you let a signal service handle the job for you, they watch for trends and alert you when an asset is dipping low and is likely to bounce back upwards, letting you make a trade that will lead to a profit.

Is Free Worth It?

Run a quick search for binary options signals and you’ll end up with plenty of promises of free signals. Its important to remember that free doesn’t always translate to entirely free. Usually you’ll be asked to set up an account of some kind or go through a trial period first before being charged for the signals. Other accounts may offer you free signals in return for you using the brokerage for your trading.

Free signals can be very worthwhile, especially if they’re coming from the brokerage that you’re working with. Its important not to feel like you need to pay out of pocket just to get these signals since there are so many other options out there offering you free ones.

With that said, be sure to avoid potential scams. Only use trusted signal sources that you have taken the time to verify for yourself. Some scammers are out there offering great signals that are really barely even worth looking at.

Summation

Essentially, binary options signals are something that anyone taking binary options trading seriously should consider. They can help simplify the entire process for you in a major way and even lead to you finding potential trades you would have missed. They’re not foolproof, but they’re one more tool to add to your kit when you’re working towards being a better trader.

Binary Today Trader | Client Reviews

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Binary Today Trader is a binary options trading service that provides traders with 30 minute and 1 hour signals. The software is also capable of producing 15 minute signals but these are used less frequently by the binary options community. All trades are provided via MT4 and can be access in your email and phone.

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Binary Today 5 | Client Reviews

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Binary Today 5 is the best 5 minute binary options signal software on the market. This software has over 800 active clients, and provides frequent high quality trading signals for the 5 minute expiry time.  The system works on all currency pairs, all binary brokers, in all countries, all trading sessions and can be used by beginners & experts.

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Binary IQ | Client Reviews

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Binary IQ is a binary options signal software. It provides traders with trades for 5 minute and 30 minute expiry times. The software works in conjunction with MT4 for free. Signals are provided in all trading sessions and is compatible with all trading brokerages. Traders do not have to register with a new broker for access.

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Welcome to Binary Today Review

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Hello and welcome to Binary Today Review. I am Ralph Housley and I’m going to share with you all of my experiences, whether they are good or bad.

This website is dedicated to multiple aspects of binary
options trading but the most important element is the truth.

Recent Ratings (client feedback)

by Ralio on Binary IQ
Not my cup of tea

3 star from me. I prefer Binary Today 5 and Binary Today Trader. I find IQ too inconsistent.

My favorite service

I have tried other systems, but none of them fit my trading style like BTT.I really like the 30 minute and 1 hour signals from this service. This is much better than the alternatives.

by Salo on Binary IQ
Excellent

Excellent.

by Janice on Binary Today Trader
Complete

Binary Today Trader is a COMPLETE tool. It gives me everything that I need to succeed in one place.

by Bell on Binary Today 5
Beauty

BT5 is everything I want in a signal software. Efficient, smart and easy to use.

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The binary options market is a very difficult market to navigate. New traders are constantly bombarded with get rich quick schemes and the amount of trustworthy traders are minimized on a daily basis.

It’s becoming more and more difficult to figure out who can be trusted with affiliate marketers scouring the internet for suckers.

Bad Wrap

I noticed that my favorite blog Binary Today and blogger John Kane was starting to get a really bad wrap from some of the other binary options blogs. It’s clear that many of the blogs in this market will attack everything that they aren’t associated with to generate traffic.

This is causing a major problem.

The marketers are aren’t traders are winning the battle. They are ranking higher and filling the search engines with bad information. I can find hundreds of negative reviews about John Kane and Binary Today from people that have never even traded his software. This pains me because John has helped me quit my job and turn to trading full time and I’m worried that other traders will never have this opportunity because they are following the advice of the wrong people.

The Purpose

The reason I put together this blog is to tell traders that Binary Today is the #1 binary options website on the market. It is run by actual traders and not marketers.

John Kane always tells me that eventually everyone ends up as a Binary Today member because they get tired of all the get rich quick schemes. Yet, this isn’t enough for me. I don’t want traders to fail using the crappy automated binary options systems before they see the light.

Start with Binary Today and you’ll never have any heart-break or sorrow.

I’m Ralph Housley and this is the Binary Today Review.

Bringing The Heat

I hope you’ve noticed that I’ve started to really make some great additions to the Binary Today Review web-site. I’ve added full review functionality and I’ve added a few products for everyone to review.

All you have to do is click on the review and then go to the “create your own review” button. This will drop down a menu and allow clients to leave a rating out of 5 stars, and explain their experiences with the product.

I believe that this is going to really help move this community forward and help us all develop as binary options traders. Knowing that we are all on the same side is the first step to truly finding the right system.

What many people don’t understand is that each trader has his/her own trading style. So, there will be products that work for you that don’t work for others. Having reviews from all sorts of different traders helps us understand what type of system works best.

That’s it for today guys, I’ll be adding more to this main Binary Today Review page as we continue to grow!