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5 Ways In Which Users Get Fooled While Using Trading Bots

Posted by on Jun 5, 2017 in Blogging | Comments Off on 5 Ways In Which Users Get Fooled While Using Trading Bots

The first and foremost thing to remember while trading in a financial market is the fact that there is no such thing as a secure investment. You could be the greatest genius of all time but there is no guarantee that you will be able to eliminate all risks completely. Employing trading bots like FinTech Ltd. in the finance industry will not change the way things are because there are a number of problems associated with these bots. Listed below are the 5 ways in which users are fooled into using trading bots without any sign of profit.

Fake Algorithm

There is a recurrent promise that a trading bot makes a secure investment. While the bot might be working with actual values, this is no big deal because currency values are easy to access and can be used by anyone for calculations.

These trading bots give you calculations that show how you are bound to have huge returns with zero risk. This is practically impossible.

Unreal market views

Most scam companies base their methodology on unreal market conditions. These look good as long as they are on paper but they are hardly successful in live trading. The Forex market is fast-moving and finding out one or two unreal inputs could be quite challenging. This is how trading bots fool you while you are out there fighting losses.

Extended agreements in fine print

A lot of binary options scammers are fooling traders by including extended length agreements in fine print so that their policy is in a way covered before the trader can reach out to the governmental regulations about it. The broker is always the winner in this long term policy, wherein the method of diversification is used trick the trader into investing a number of securities at once. The trader is made to believe that this will lower the risks.

Refuse to honor client’s withdrawal

A lot of binary option companies are also tricking their clients by making them invest in a certain number of trades before he can make a withdrawal and later refusing to honor the withdrawal. They simply refuse to process the client’s request and if you have already signed up without reading the fine print carefully, there is no looking back for you.

Promise of secure investment

While using trading bots, you could be easily tricked into the promise of a secure investment by scammers using the concept of standard deviation less honestly. They will give you the lowest calculated risk and follow a completely different calculation and since there are several ways in which standard deviation is calculated, they cannot be held in court of law.

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Helpful Tips to Choose a Binary Options Broker

Posted by on Sep 7, 2016 in Blog | Comments Off on Helpful Tips to Choose a Binary Options Broker

Are you thinking about getting started with binary options? If so, then one of the first steps you’ll need to make is to find yourself a good broker. There are many binary options brokers to choose from, so which one is the best option? Here are some of the most important factors to consider:

  1. Software

This is another important issue to consider when comparing different brokers. Look for software that’s easy to navigate and user-friendly. Make sure that the software is relatively easy to use even if you’re not a computer expert.

Today, there’s even mobile software that gives you the chance to make binary options trades using a smartphone or tablet. This is a great feature if you’re at home or on the go. It will provide you with the chance to make trades from just about anywhere. All you’ll need is your mobile device and web connectivity. It couldn’t be easier!

  1. Licensed

This might seem like a case of stating the obvious, but it’s certainly worth noting. Make sure that you only choose a broker that’s licensed to handle various types of investments, and binary options in particular.

The type of licensing required varies for different regions and countries. Make sure that a broker has met all of the requirements. Besides that, even if a broker has a license make sure that it’s still valid.

  1. Customer support

First of all, it’s important for a binary options broker’s company to have a customer support team. If that’s not the case then you should probably think about taking your business elsewhere.

On the other hand, solid customer support will help to make sure that all of your questions and concerns are dealt with quickly and thoroughly.

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One important issue to consider when weighing a broker’s customer support team is how friendly they are. It’s also important, of course for them to provide the right information when you need it. However, attitude is important, and if the customer service reps are snappy, uncaring, then it’s a bad sign and you should probably consider doing business with another broker.

  1. Experience

As when choosing a broker for other types of investments, it’s important to choose a broker who has experience in the industry. Is experience enough? Instead of just looking for a broker with experience, it’s better to choose one that has a reasonable amount of experience.

What amount of experience is enough? There’s no magic number. However, you should look for a broker that hasn’t just started in the industry. Instead, it’s better if the person has several years of experience helping clients who want to make binary options trades.

  1. Regulation/Auditing

This is another important issue when choosing a binary options broker. It’s not enough for a broker to be licensed to offer assets for binary options traders. They should also be properly regulated/audited.

There are various reasons. One is to make sure that the broker is offering transparency in terms of any trades that you make. Your personal/financial data should also be protected.

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Mistakes to Avoid When Making Binary Options Trades

Posted by on Sep 4, 2016 in Blog | Comments Off on Mistakes to Avoid When Making Binary Options Trades

Are you new to the world of binary options? If so, then it’s natural to make various mistakes when you’re just starting out. What’s important is to avoid making a lot since it can have a majorly negative effect on your bankroll. The good news is that you can take steps to avoid a lot of common mistakes. Here are some common errors that you can avoid:

  1. Starting out with big deposits/trades

It’s important to have good money management when you make binary options trades. This is always critical, but especially when you’re just getting

Instead, it’s important to set aside a reasonable amount of funds for your trading session. In addition, the size of each trade should also be fairly small if you’re a new investor.

This approach will help to avoid a lot of possible problems. It can be really exciting if you’re starting out with binary options. However, it’s better to start out small if you’re new to the investments. As you become more experienced you could make bigger wagers and risk more during trading sessions.

  1. Getting a bad broker

Getting a good broker won’t guarantee that you’ll always win bets when making binary options trades. However, it’s definitely a good start if you want a better chance of having such results.

There are various issues to consider when choosing a broker. Make sure they’re licensed and regulated. This will help to make sure that you’re dealing with a legitimate and trustworthy broker. Unfortunately, it won’t guarantee that you won’t have any problems with the broker, but it will be less likely. Check out these 10 Binary Brokers.

You should also do some research about the broker’s track record. Make sure to avoid ones that have received a lot of bad reviews since it’s likely that you’d also have problems dealing with the broker.

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On the other hand, if a binary options broker has mostly good reviews then there’s a better chance that your experience will also be positive.

  1. Not reading bonus terms & conditions

Broker bonuses can seem too-good-to-be-true, and sometimes they are. What’s important is to read the terms and conditions before you sign up with a particular broker.

The reason is that brokers offer these bonuses to draw in customers. There’s nothing wrong with that, but sometimes there are some strings attached. For example, you might be unable to access the funds until you win a certain amount of money at the site. That can be tough for any binary options trader, but especially if you’re new and learning the ropes.

Keep in mind that the terms & conditions are legal rules and regulations. Just because you weren’t aware of certain ones before signing up for a broker’s services doesn’t mean that you aren’t responsible for upholding certain items mentioned in the document. It’s highly recommended that you read all items of the terms/conditions.

These are just some of the common mistakes that investors make when doing binary options trades. Make sure to know the common mistakes so you’ll be less likely to make the same goof-ups!

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Helpful Tips for Binary Options Trades

Posted by on Sep 2, 2016 in Blog | Comments Off on Helpful Tips for Binary Options Trades

Are you a fan of binary options? If so, then you likely want to maximize your earnings when choosing whether an asset’s price will increase or decrease. The good news is that you can find a wide array of websites and tools to help you out. You can also take some good steps to give yourself the best chance at achieving the best results. Here are some helpful tips:

  1. Keep up with trading news

As when making other types of investments, you should be aware of the market(s) involving the types of assets that you trade, such as commodities, currencies, and stocks. This will allow you to know about the various trends in the market.

You’ll also know about various local, national, and world news that could be affecting the particular assets that you trade. The more you’re aware of such information, the easier it will be to make better choices.

  1. Have a clear head when trading

This involves various issues. It’s important that you’re able to focus 100% of your energies on deciding whether an asset will increase/decrease in value. For example, avoid making trades when you’ve drunk a moderate amount of alcohol, have taken heavy medications, etc.

It’s also a good idea to avoid making binary options trades when you’re experiencing strong emotions such as anger or sorrow. In those situations, you’ll unlikely be able to think clearly, which could result in the bad decision while making trades.

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  1. Have fun

Any activity you do even when it’s work-related will be easier when you enjoy it. Making binary options trades I no different. If you’re having fun then you’ll be more motivated to learn news and information, and make top-notch trades.

  1. Consider long-term trading

This isn’t in terms of the expiry of assets, but instead the overall time you spend investing in binary options. As with other types of investments, it’s a good idea to be in it for the long term. That will help to maximize your earnings from binary options trades.

It’s good to have long-term plans and strategies to help you achieve your goal. This will help you to make wiser decisions when guessing if an asset’s value will increase or decrease in value. On the other hand, without such strategies, it will be more difficult.

  1. Find a good broker

This is one of the best options to take when you get involved in binary options trading. Trading assets isn’t a walk in the park. Fortunately, a top-notch broker will help to guide you as you start out. That can include a demo account that lets you learn the basics of binary options before you start risking real money. This is a great option if you want to minimize your risks before you learn the ins and outs of binary options. You can read about 24option for example.

These are some helpful tips to make the best choices when making binary options trades. This is certainly one of the best options in the world of investments. The key is to know which steps to take and which practices you should avoid at all costs.

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More Helpful Tips for Binary Options Trades

Posted by on Aug 31, 2016 in Blog | Comments Off on More Helpful Tips for Binary Options Trades

Are you making the best binary options trades possible? There are various sources of information about the trading tool such as in Wikipedia. Such sources will help you to make better choices when making your binary options trades. You can also take some basic steps in achieving that goal, including the following ones:

  1. Take a training course

This is one of the best ways you can learn more about binary options in order to make better trades. This will help you to learn the ins and outs of the type of investment. You can even find some training courses that are 100% free.

However, even if the course isn’t free it’s a wise investment if you’re interested in maximizing your earnings when you trade binary options assets. In fact, it could be a small fraction of the amount that you could earn by getting some great tips for improving the outcome of your bets.

  1. Use demo account

Sometimes brokers offer a demo account. This gives you the chance to practice making binary options trades without spending real money. It’s a great option for people who are just getting started in the industry.

You can also find free accounts that don’t charge you any money to get the account. Sometimes there are strings attached. For example, you might be unable to use the account until you’ve made a deposit. It’s not quite as generous as a demo account that won’t cost you any money, but it will include more features and be more like making real binary options trades. That will prepare you for risking real money.

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  1. Avoid hedging trades

At first, this might seem like a good idea. However, as with other strategies, it’s important to consider whether or not they’re a good option. The problem is that they’ll lower the chance of earning more profits, rather than boosting them. That’s what you should be cautious about hedging trades.

  1. Be prepared

It’s important to know the market that the markets you’re trading are in. This will help you to make the best decisions when choosing whether or not the values will increase or decrease. The good news is that there are many sources of information, as well as tools in order to help you out. The key is to review them frequently so you’ll have the latest news about the markets. Otherwise, you’ll be more likely to make bad picks when trading binary options assets.

  1. Avoid over-investing

Investing is a great way to make money, such as through binary options. However, there’s also such a thing as investing too much when you make trades. Buyer beware! This often happens when newbies start out in the field.

It’s understandable, since it can be exciting to make binary options trades, especially when there’s an expiry time of 60 seconds. However, it’s important not to over-do it when you invest in various assets. There’s nothing wrong with having courage when you make trades. However, you should also make sure to think logically.

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