Where to start or what broker to go to?Such questions are asked by both novice traders and experienced experts in their field. And it is not surprising, because a lot will depend on the choice of a broker and its provided trading platform. It is possible that the trader will not profit using one of the terminals, but will become a profitable player on the other. There are various trading platforms for quality and complexity, some quite simple and understandable for beginners, while others may require specific knowledge and extensive experience to work with, although today brokers are trying to simplify the tools provided to the maximum.
What is a trading platform?
This is a software tool for makingvarious operations in the currency and securities markets. In fact, without a platform, it is impossible to enter the Forex markets. Different brokers provide different software for making deals, but in general, the principle of operation is the same everywhere. Traders are provided with charts, various indicators, and sometimes news reports and trading tips. Predictions for certain assets may also be provided.
Types of platforms by market
Trading platforms come in two forms.Those that work with Forex markets, and those that work with binary options. The second is "trading binary platforms". Forex markets are the most complex systems that require large investments and operating complex instruments, unlike binary options, where you only need to correctly predict the market behavior of various assets or currency pairs in a certain period.
Difference of Forex from binary options
Главное отличие в том, что рынки "Форекс" требуют a more thorough study of the tools of operating and mastering the majority of the processes occurring in the asset and currency markets. It is very important not only to catch the change of the market, but also to use them in time. The process of entering the market is usually accompanied by the loss of part of the deposit due to the difference between the cost of buying and selling an asset, which can create additional difficulties in developing a trading strategy. Trading on Forex is fraught with great risk; in order to get a good profit, it is often necessary to use borrowed funds provided by a broker. This is not a loan in the classical sense, but a quick loss of the deposit is possible in case of unsuccessful use of the loan. This loan is called leverage and can have different values. For example, 1: 100, which means that you, having 1 dollar, can operate with the sum of 100 dollars. These values may vary depending on the decisions of the trader.
Что касается бинарных опционов, то здесь всё much easier. Depending on the type of option, the trader makes predictions on certain assets, for example: the price of the euro / dollar pair will change in a larger direction compared to the current value in 60 seconds. Next, the trader pays, for example, $ 1 for the exercise of the option. If the price changes, in this case, upwards, the trader will receive, for example, 80% on top of the execution price. It turns out, the profit will be 1 dollar 80 cents, which is very good in 60 seconds of waiting. In case the price falls, the trader will not receive anything or will receive a certain percentage of the contract value. The amount of the return will depend on the broker chosen and the options set for trading options. All the values presented may be different, for example, the option execution time, depending on the broker, may be 15 minutes, an hour, or even 3 hours. As well as the cost of one transaction, it can be both $ 2 and $ 100. Trading can also be carried out in another currency, rubles or euros, again, depending on the chosen service provider and the parameters you set.
Popular platform "Forex"
The most common trading platformsfor trading on Forex are MetaTrader4 and MetaTrader5, but there are many modifications, additions, various options in the form of advisors and trading robots, as well as some other trading systems and terminals. Transactions in these terminals can be made using a program installed on a personal computer or on mobile devices under different operating systems. There are also trading platforms that work through web browsers. Some brokers have and provide their own practices for trading.
Binary Options Trading Platforms
In the field of binary options, there are manybrokers who provide online trading services and, accordingly, have their own terminals. As in any sphere, in this one there are not very high-quality programs, but also the best trading platforms. Among them, just as in the "Forex", there are simple and clear to beginners programs, and quite difficult, requiring training tools. More extensively, you can consider individual trading platforms, reviews will be presented later in the text.
Olympus Trade - trading platform
This company has proven itself tobinary options market. Olympus Trade is a trading platform that has attractive tools in service. This broker also provides free webinars, training materials and demo accounts. Not every trading platform has them. The option can be returned in case of default (50% of the transaction), there are also such useful functions as a candle chart, various assets, and technical analysis. The yield in the case of an exercise option is on average 80%, which is pretty good. As for the payment of real funds, the broker fulfills its obligations in accordance with the user agreement. Good for both novice and experienced traders. Most players are especially pleased with the above possibility of returning part of the funds in the event of a default option. This can save a significant part of the funds in case of incorrect prediction of market behavior, for example, a sharp and long rise or fall in rates. This may be due not only to technical aspects of market behavior, but also to fundamental reasons, such as positive or negative news reports.
Titantrade Trading Platform
Titantrade is a broker, alsospecializing in binary options. The company itself is registered in London and enjoys a diligent reputation. The trading terminal of this company has the ability to operate with a variety of different assets, currency pairs and stocks. The execution of contracts has a different lifetime, there are per-minute options, and there are long-term ones. There are also a number of interesting tools, for example, the return of a part of funds in the event of a loss, the possibility of copying your own transaction, as well as the postponement of the contract for ten minutes. Just like most brokers, there is an opportunity to play on a demo account, there are free online training seminars, various materials and videos that can help new players. "Titantrade" - a trading platform that will suit different categories of traders. Both novices and experienced players in the markets will find for themselves the positive aspects using the services of this company.
Iq option
Another quality binary options broker.Conscientiously and regularly provides services related to option trading. Registered in 2011 in Cyprus. He has several different licenses of Russian and European regulators. Terminal Iq Option is very high quality, the trader is provided with a nice looking design, many indicators and tools for technical analysis, several types of charts to choose from. The minimum deposit is $ 10, the minimum contract value is a dollar. As well as other brokers, this provides the opportunity to play on a demo account, there is a function of returning part of the funds in case of unsuccessful execution, but at the same time part of the yield is lost in the case of a profitable transaction. Similar to other service providers, Iq Option provides a mobile terminal and access via a web browser.
Outcomes
Choosing the right binary options brokerdepends only on yourself, your preferences and requirements. The main thing is to select the broker that suits you best, based on online reviews and the necessary conditions that you choose for yourself. Each of your brokers has its own advantages and disadvantages, they have different trading platforms. Some of the service providers have a high-quality design and simplicity, somewhere there will be a small minimum deposit, which is good for newbies, some of the brokers quickly process payments and withdrawals, somewhere you will be pleased with a large number of data, charts and tools with indicators .
Remember, trading binary options involvessome risks, requires some knowledge in the field of finance, as well as extensive experience. Before you start trading on a real account, you should study in detail the materials that the broker provides for you, as well as practice on demo accounts. Successful trade!
