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No amount of thorough analyses can tell exactly where any financial market is headed. Specifically, for binary options, there is also the disadvantage of limited upside potential.
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We try to provide the best useful information that can help binary traders in South Africa to deposit with a particular broker and start their binary options trading journey on the best profitable way.
As a potential South African binary options trader, you should know what exactly binary options trading entails, the strategies and tactics needed to successfully trade them, the advantages and risks associated with engaging in them, and how you can maximise your skills to reap bountifully from them.
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For example, there is the challenge of a broker that offers useful services. Speculate on the price dynamics of currencies, indices, commodities, and stocks.
What is Binary Options? Basic Principles. Your trade entry marks the strike price. What is Binary Option? September 28, Retrieved September 28, Archived from the original PDF on Retrieved 4 June Retrieved 27 March Archived from the original on 15 October Finance Feeds.
Federal Financial Supervisory Authority. November 29, Retrieved June 19, Commodities and Futures Trading Commission. July 28, Retrieved May 16, Retrieved September 24, Finance Magnates.
July 18, Retrieved October 21, Action Fraud. March 31, Isle of Man Government. January 5, Chicago Board Options Exchange.
September 10, Archived from the original PDF on September 10, December 8, June 22, Archived from the original PDF on April 1, The Wall Street Journal.
November 10, March 13, Retrieved March 14, January 24, Binary Options Trading Binary options is a simple trading instrument that can be used to earn money by guessing the future of the Forex, stocks, commodity and other prices.
Hot Broker! Visit Site Review. Share and Enjoy! In the top left corner of the interface, there are trade ideas, displayed by your preference settings.
These ideas are presented when the system recognizes the pre-selected market patterns that can show as a good trade opportunity.
Each pattern is also explained with a clear presentation of the suggested trade direction. Below this window, there is a senior trade commentary window, where you can get trade ideas presented by experienced market analysts.
Each idea is supported by an analysis commentary and trade direction, and expiry time is suggested. You can always choose to follow the idea if you wish, or you can dismiss it if you don't.
On the right side of the screen, there is a simple trade order window, where you can select your asset pre-selection is always displayed based on the asset which is open in the trading chart.
Immediate trade entry at current strike rate. An option which is available at all traditional brokers. Pending order - trade placement at a specific pre-defined rate.
This means you can set up your entry position based on the future price. Once the price is reached, you can decide for the system to automatically place the order in your pre-set direction, or you can set up an on-screen alert or e-mail alert once the condition is met.
You can also choose the time of validity of the pending order, which means that for example, the condition is not met in your pre-set time of 60 minutes, the pending order is automatically deleted.
Currently, the expiry times offered are 5 min, 10 min, 15 min, 30 min, 45 min, 60 min and 1 day. The trade size is adjusted in the percentage of your trading account and can be as low as 0.
Spectre has an extensive trade analytics, which has never been seen before. This chart which can be found in the right bottom corner of the trading interface will help you analyze your trading strengths and weaknesses and improve your score if used correctly.