Why Should You Use Automated Forex Trading Software?

All experienced Forex traders know just how exhausting it can be to keep track of all the movements in the market. You could try and relax your hold a little, but this usually entails on you losing almost all of your money. Necessity is the mother of invention, thus was born the automated Forex trading software. Automated trading is gaining popularity, it is estimated that almost 25% of all active Forex traders are using auto Forex trading software; this is a significant rise from the 18% reported in 2005. There are quite a few reasons why there is a significant increase in the usage of automated Forex software.

One of the biggest reasons is that unlike people, these Forex trading robots can work tirelessly for you, be it day or night. Because of the constantly moving foreign exchange market, it is virtually impossible for you to keep track of every major shift that will happen, especially since the market never closes. These automated programs monitor and trade on your behalf using stop loss and take profit protocols, ensuring that you always get profits. Most of these programs guarantee that you would win in trades almost 100% of the time without having to monitor the market yourself.

A lot of professional traders use auto trading software primarily because of its high degree of accuracy which makes a big difference in trading. These programs effectively predict what certain pairs of currency are going to do next and trade automatically for you. They make use of mathematical algorithms which is a great improvement from the traditional way of working manually, or worse try and make predictions purely by guesswork. These programs eliminate human error and emotions from the process of trading and make cold, calculated trades on your behalf. Some of the best programs are extremely accurate and offer software updates to make them even better.

In the ever-changing and highly lucrative Forex market you’ll need all the help you can get. Using automated trading robots can ease some of the burden of work from your shoulders so you can make more money much more easily.

Understanding Binary Options Trading Signals

Binary options trading signals are indicators that are provided on the website of a binary options broker. The pointers are constructed by experts and professionals; however, in some cases they are generated by computer software.

Once the pointers have appeared on the broker’s website, they are sent to the traders as notifications. Here the traders are supposed to accept or reject them.

The signals are available in a number of assets such as currency pairs, stocks, indices, and commodities. As an investor you only need to identify the pointers that will be suitable for your trading style.

There are a number of benefits that come with the signals. One of the advantages is that the pointers offer an excellent solution if you want to diversify the scope of your trading.

In most cases, a lot of time and effort is required for you to be good at trading binaries; however, the binary options signals provide a shortcut to successful trading and as a result you easily master how to trade.

In addition to this, the signals help you to make fast decisions regarding your investment. To make your decision you only need to look at the trends of the investment and the experiences that you have with the value appreciation, and from this you will know whether you should continue trading or stop.

Trading is very volatile and has many risks; however, the trading signals aid in lowering the risks. The pointers do this by helping you to properly monitor the trade. By monitoring the trade you are able to tell the right time to trade thus you don’t invest blindly.

The trading signals also enable you to easily access reliable data related to the financial market. Access to the information allows you to easily understand how the market is working and as a result you lower your risks.

If you are new in trading, you need to familiarize yourself with the binary options signals and understand their different applications. The good side is that there are many resources that you can use to get all the information that you need. There are also many consultants that can help you understand better.

As an investor you need to understand that the quality of trading signals depends with the binary options broker; therefore, you need to do your research and identify the best broker who will give you high quality trading pointers.

Bitcoin and Binary Options Trading

Binary options have been becoming more and more popular in the last 2 years. This type of trading has been desired among new traders as they don’t need to actually buy anything, just predict whether the asset will move up or down in specified time frame. Those trades are happening in short time frames (30 sec, 1 min, 5 min) but might be months too. If the trader predicted wrongly, they will obviously lose their money. If the trader was right in his/her prediction, they will receive 80-85% payout, depending on the broker.

Binary options are sometimes referred to as ‘all-or-nothing options’, ‘digital options’, or ‘fixed return options’ (FROs), which are traded on the American Stock Exchange.

Bitcoin (BTC) is a digital currency which is created and held electronically and no one controls it. “Bitcoin is an online payment system invented by Satoshi Nakamoto, who published his invention in 2008, and released it as open-source software in 2009. The system is peer-to-peer; users can transact directly without needing an intermediary.Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses its own unit of account, also called bitcoin. The system works without a central repository or single administrator, which has led the US Treasury to categorize it as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency… “

Bitcoin as a currency in binary options trading

Bitcoin is now widely used currency and many trading platforms accept it as a method of payment for their clients’ trading deposits. There are many benefits using Bitcoin as a currency. The first benefit is “the fact that the cost of transaction is the lowest among all forms of online payment. This is the very reason why Bitcoin was created in the first place, to lower the cost of online transaction. Since there is no central authority managing Bitcoin, no service fee is paid when receiving or transmitting payment.” Another reason for traders to use Bitcoin as a currency is that Bitcoin itself is tradeable and they can earn extra Bitcoins that way.

“By having all the trading transactions denoted in Bitcoin, a trader is able to shield himself from the fluctuation of this crypto currency while at the same time earn more of it through profits earned in trading.”

Bitcoin as a commodity in binary options trading

With a recent popularity of Bitcoin and its acceptance as a currency, many binary options platforms started using Bitcoin as one of the currencies to trade. so as an asset. Stockbrokers are seeing the value in trading BTC against flat currencies, mainly versus American Dollar.

Today there are 2 main types of Bitcoin binary options platforms:

  • First-generation brokers – binary options platforms that allow trading on Bitcoin
  • Second-generation brokers – platforms that offer both Bitcoin funding and Bitcoin trading

First generation brokers – brokers who offer Bitcoin trading:

  • Coinut – only Bitcoin options exchange platform; programmed as a robust and distributed on Linux operating system coinut.com
  • BTClevels – Bitcoin binary options trading platform; with or without registration, hassle free btclevels.com
  • 24 Options – one of the first brokers who started offering BTC as an asset 24option.com

Second-generation brokers – brokers who offer Bitcoin funding and trading:

  • Traderush binary platform – accepts BTC deposits traderush.com
  • Nadex trading platform -accepts BTC funding and allows BTC trading; offers limited risk, short-term trading, transparency and full regulated market nadex.com
  • Satoshi Option trading platform – accepts BTC funding and allows BTC trading; doesn’t require account registration neither personal details. Payouts are near instantaneous and the service is accessible from anywhere in the world satoshioption.com
  • BTCOracle platform – Bitcoin only platform – allows BTC funding and trading offering few wallet options and full transparency btcoracle.com
  • Bitstamp platform – As above, BTC only platform – allows BTC trading and funding but requires login bitstamp.net
  • Bitcoin Wisdom – allows trading 3 digital currencies, Bitcoins, Litecoins, Altcoins versus other flat currencies and requires login bitcoinwisdom.com
  • Beast Option – allows BTC funding and trading of Bitcoins and Litecoins; guarantees fairness in pricing regardless of market fluctuations beastoptions.com

When choosing a Bitcoin broker it is important to check their terms and conditions, paying a particular attention to the information whether their Bitcoin Assets are stored in “Deep Cold Storage”. It means that Bitcoins are insured and stored offline, where they are not susceptible to hackers.