Candle Stick Charting technique in Binary Options

Charting is very important in any form of trading in the financial market. It ensures that trade is carried out analytically. Charting technique is also used in Binary options’ trading. Anyone who wants to trade forex and make a good sum of money must make use of charting techniques. Thus, a decent knowledge of charting techniques is very essential if you must succeed as a forex trader. Trading binary options can serve as your sole means of income and employment and yield enough for your sustenance if you know how to make use of charting techniques.

For you to be able to chart in binary option, you must have thorough knowledge of charting technique. This article talks about candle stick charting technique and how you can use your knowledge of candle charting techniques to trade profitably

What are Candle stick charts?

Candlestick chart are made up of collection of candle sticks. Every one of the candlesticks stands for a price action for a particular time period as shown in the example below. Our example illustrates the daily price action for EUR/USD currency pairs for 10 days trading time period. 

Candlestick chart colors

Each candle stick of the candlestick chart is colored. The color depends on whether there is a rise or fall in price action between its opening or closing time. The widespread color used for a rise in price also known as the bullish (up) candles is the green color while the most frequently used color for a fall in price also known as a bearish (down) candles are the black and red colors.

The coloring system makes it easier to see in an instance if there is rise or fall in price action on any particular day. It also lets us know the degree of rise or fall of the price action for each particular day. Apart from providing this information, the candlestick chart also offers the trader a few more aid to successful trading.

The candle stick tells the trader the open price; the high and low price and the close price also known as the (OHLC) for each specific time period. This varies a bit. It depends on if the candle is bullish (up) or Bearish (Down).

Fig1: Candle stick chart

Why Candle Stick chart is very effective

The candlestick chart provides more information than the basic chart. It is made up of nodes which indicate either the opening time or the closing time of a unit. It can as well tell the trader if the time period is positive or negative. Red color on the candle chart shows negative while green color on the other hand indicates positive time period. Candle stick charting is an excellent and highly effective binary options trading technique.

To be successful in binary option trading with candle stick chart, you need to understand that the Binary options trading with candle stick method is completely different to trading with other trading options like the Forex or commodity market or stock market trading.

Candlestick Charting gives you a good start

Binary option trading is very good but unless you make good predictions, you won’t be able to make money with binary option. This is exactly what the candle stick chart will do for you. The candlestick charting is a good help to traders both those who are new in binary trading and experienced traders. It can help experienced traders to make a fresh start. It thus helps you to make use of the modern charting technique for trading. Candle stick charting as well possess a number of the best tools of technical analysis. With candlestick charting you can also make use of a few mathematical tools like the moving averages or stochastic.

Candlestick Charting is a stepping stone for successful trading

Take your time to learn and understand chart candlestick patterns. It is the most helpful analysis. It offers a trader some secrets to successful trading like a multiple indicator system, a price indicator system for supply and demand, a successful trading skill in addition to a system that evens out a risk. 

A good number of the trading signals obtained by these systems have been established to be roughly 80% to 100% precise and correct. It is not all trading platform that has the software used in candlestick analysis. Thus, you can decide to choose charting software that can be used to track the unit you are trading on.

Why software is essential in binary Option trading

Trading binary option does not require buying and selling. A good number of traders of Binary option are of the opinion that binary option trading is much more different from trading from other platforms. The one most significant part of binary option trading is the trader’s ability to predict price movement of a specific equity. The use of software in trading comes in handy here. It assists the trader to make predictions of price actions.

Investment in Forex Or Stocks which is better?

Trading Forex 

Modern-day financial market and investment world provides investors and traders with lots of variable trading and investment options to choose from. Individuals are, thus able to choose either to trade or invest in well proven blue chips, businesses, futures or forex. Choosing which among these divergent markets to trade and invest on is a bit complex. We have thus provided in this article essential things that you must consider to guide your decision.

Risk acceptance

The first thing you must consider is your risk acceptance factor and your proposed trading style. If you’d be interested in buy-and-hold investment opportunities, the stock market would be a preferable option for you. On the other hand if you’d be interested in short term trading like swing trading, day trading and scalping; forex market which is more volatile would be the best option for you. You will find below differences between investments in forex, blue chip stocks, indexes and industrials.

Why You Should Consider Forex:

You can get into the market swiftly and with much ease

You can trade forex even without prior financial background or any form of special training. Again, you can start trading with demo account and only invest real money when confident. A forex account can be opened with just a few dollars!

With Forex trading, you have the flexibility of trading on your own terms 

The Forex market is accessible 24 hours a day, 5 days a week, and can be accessed from the PC or mobile device anywhere and anytime. 

Forex market opens up windows of opportunity

More than 4 trillion dollars are traded on the Forex market daily. Even a minute bit of the pie can go a long way. Forex trading, nevertheless, involves significant risk.

You always have a chance to come out on top

In the Forex market, you can trade various currency pairs which means you have many alternatives to choose from. You can decide to trade on a different currency pair if the currency pair you are trading on is falling. 

Comparing investment in Forex and investment in Blue Chips

The forex market is the broadest financial market globally. It roughly accounts for 4 trillion dollars standard daily traded value. A lot of traders and investors are attracted to the forex market because it has high liquidity value; it can be traded round the clock and because of the fact that it offers high leverage value.

Blue chips are stocks from confirmed, long-established and financially sound companies. Blue chips stocks are usually able to operate gainfully during tough economic conditions. They are well known for payment of dividends. Blue chips are by and large taken to be less unstable than lots of other investment options and are frequently used to supply stable potential expansion and intensification of the portfolios of investors. 

Volatile and unstable nature of the markets

Market instability is the estimation of short-term price fluctuations. While a few traders, mostly short-term and day traders depend on market on instability to make gain from sudden price sways in the market, other traders are more at ease with less unstable investments with less risk. Thus a lot of short-term traders prefer forex market to blue chips stock while long term investors prefer investment in stocks.

Leverage offered by the market

Another factor to be taken into consideration when checking which one is best for you is leverage accrued to you. The stock market in US OFFERS investors leverage of 2:1 while the forex market offers investors much higher leverage of roughly 50:1. Some parts of the world offers forex investors even higher leverage than that.

However, although this high leverage offered by forex undoubtedly catalyses the creation of equity with a very meager investment, leverage on the other hand can constitute a problem that may easily damage a trading account. Leverage can thus build and destroy. It serves as a double edged sword.

Trading Hours

Another thing to consider before choosing a trading instrument is the trading hours of such instruments. Stock trading sessions occur only during the exchange hours, which are usually from 9:30am to 4pm Eastern Standard Time, 5 days a week (Monday - Friday) excluding market holidays. 

Forex investment 

The forex market in contrast, functions round the clock. It is usually open from 5pm EST Sunday to 5pm EST Friday. It first opens in Sydney and from there moves round the world to Tokyo, London and New York. The forex market is a bit more flexible. The traders can either trade the U.S., Asian and European markets, with enough liquidity. The opening of the market 24 hours a day makes it suitable for traders who would have been unable to trade due to their day to day schedule. 

Forex/ Indexes

Stock market indexes are related stocks which have been amalgamated to be used as a yardstick for a specific portfolio or the wide market. Key indexes in the US financial market are: the Dow Jones (DJIA), the Nasdaq, the (S&P 500) and the Russell 2000. The indexes make available to traders and investors essential method of judging the movement of the general market.

Deciding whether to trade stocks, Forex or futures often depends on your risk tolerance, your account size and convenience. If you are not available to trade during the regular market hours, you’d rather not trade stocks. On the other hand, if your intention is to buy and hold stock for a long term, generating stable growth and receiving dividends, stocks would be a preferred choice. Whatever choice you make depends on which is most suited for your peculiar situation.

The Best Forex Trading Platforms In the Forex Market

Forex Trading Platform is forex trading software that assists traders with trade breakdown and helps them to implement trade actions. Forex trading platforms provide graphs and order-taking technique. It can be used for trading other securities like stocks or futures. There are different types of trading platforms. They vary broadly and can differ in terms of the rate.

There are things to consider before choosing a forex trading platforms. Some of those things are: payment structure, functionality, product’s worth and value in addition to things like the graphs etc. A good number of Forex brokers allows you to open a demo account to enable you to get accustomed with the trading platform till such a time you a comfortable enough to trade on real money. It helps a lot to try out a broker’s software during the trial period   to ensure you get full knowledge of the operations of the platform before making your final decision to use the platform.

When you are searching for a forex broker that is right for you, try to get yourself familiarize with the forex platform of that broker because it will be best  and essential tool that will help you to put your trading knowledge into action. What this signifies is that an excellent forex broker will invariably have a superb trading platform.

Types of Forex Trading Platforms

You can either get your forex trading platform from your personal broker or from an autonomous software developer. The most well-liked autonomous forex trading platform software developer today is the MetaTrader4 and Meta Trader 5 It is readily available and is supported by all online forex trading brokerages.  The major benefit of using an independent platform provider is that you can make use of it to transact business with any forex broker you prefer. Nevertheless, platforms that are released by the individual brokerages may have more specialized services and features that allow you to gain more out of your trading account. Instead of using only one type of trading platform, it is preferable for you to try the both type of platform to see the one you’d prefer.

Alpari broker for example offers MetaTrader 4, MetaTrader 5 and Alpari BinaryTrader trading platforms. The site allows trader to use platforms on their PC, in addition to mobile apps for MetaTrader terminals, making it possible for traders to always be in control of their trades wherever they are. To start trading with them, all you need to do is merely register, open the account that is best suited for your peculiar need and download a trading platform.

Forex Trading Platforms: Meta Trader 4

 "Forex Trading Platforms" 

MetaTrader 4-

Meta Trader 4 is easy to use and full of essential features. It is the most popular trading platform globally. With MT4, you will have a broad selection of charting tools at your disposal in addition to the ability to entirely modify the platform to meet your personal specifications

MetaTrader 5

MetaTrader 5 delivers everything traders have grown to love about MetaTrader 4 and more.  It possesses a bit more features than the Meta Trader 4 like technical upgrades, to offer you with all the tools you would require to take on the markets.

Forex Trading Platforms: Meta Trader 5

Things to consider before deciding whether a trading platform is best for you

There are a small number of things that you ought to consider before selecting a forex trading platform. The most important things that you ought to consider are:

Dependable trade implementation

The forex market is extremely unstable and moves rapidly. A lot of times, you will trade within a series of just a handful of pips. As a result of this, you must have a platform that implements your trades speedily and consistently at the prices you key in to ensure that you maximize the profit you will make from every trade.

Precise Quotes:

In addition to possessing the ability to allow you to swiftly place your trade; your trading platform should also supply reliable quotes to you. The quotes available in every renowned trading platform are pouring. You’d obtain up to the second quotes for major currency pairs that you are keen to trade on.

Implementation of prior-given orders

How your trading platform takes care of your prior-given orders is also highly essential. You have to be able to speedily and correctly input your stop loss and take profit orders as well as sprawling stops. After you have keyed them in, the orders ought to be implemented at the right time without faltering.

Mechanical analysis tools

The moral fiber of winning forex trading is professional level familiarity with charting and mechanical analysis. Your trading platform ought to provide you with all the trading tools that you require to chart in addition to the procedure to use. It should allow you to draft all the trendy indicators on command and the charts ought to be updated in good time. You can never take for granted the significance of reputable charting tools in your forex trading.

Data security

On the course of your trading, you will need to transfer your money and bank account information. Thus, the forex platform ought to be protected and secure.

Trading mechanization assistance

News, pointers and further features

Many brokers will present you with news feeds and trading alerts that are capable of helping you to utilize the majority of your knowledge. They can be a great boost to your trading.

The above is just a few among the many very essential elements that a good trading platform should posses. Different people feel comfortable with different trading platform depending on what they are looking for. Whatever the platform you decide to use should aid your forex trading by making readily available to you the information you need and give you the authoritative tools to convert the information obtained into fascinating trades.

Choose The Best Forex Software: How To Choose Good Forex software/ Trustworthy and reliable Forex Brokers

In forex trading choosing the right forex  trading software is highly essential and recommended. There are a lot of forex trading businesses out there that are all contending for your subscription.This makes selecting the right forex software a great task full of hassles.. The majority of the forex trading software accessible offer online forex trading platforms. These are good but you also need to know other aspects of trades that are essential when considering forex software. Some of this may not be available through the online platform.

The basics  and essentials for obtaining the correct and right Forex Software

There are few necessary items you must bear in mind before you buy any forex trading software. The most essential thing is security. The software you should buy must include a 128 bit SSL encryption which will put off hackers from having right of entry and sifting any of your personal details and information like an account balances, business history, and so on.

Adequately securing your forex trading also entails a company that offers 24 hours technological server maintenance for your forex software, in case something goes wrong. It must also provide backups of every piece of information on a daily basis, and be a precautionary system that has been calculated to put off any illegal right of entry. In addition to being able to provide the aforesaid securities, a few forex trading companies make use of smart cards and fingerprint scanners to make sure that only their staffs can have right of entry into their servers.

One more essential factor to consider when selecting a forex software is to verify what the business’ trading downtime looks like. You must also ensure that the trading software you choose is trustworthy and that it is functional 24 hours in a day and that it has technological support 24 hours in a day. Making sure that the forex trading software you purchase is able to provide the above listed criteria will ensure your success at forex trading. The forex trading software is compulsory for any trader who intends to make money with the trading.

How To Choose A Good And Trustworthy Forex Broker

If you are planning to trade forex which is the largest financial market globally, having a forex broker is a must. Unlike a stock broker, a forex broker is capable of also making propositions about which action to take when doing forex trading. Some forex brokers will go as far as offering you technical analysis and suggest tips on investigations to advance their accomplishment as forex traders.

Characteristically in forex trading, a forex broker is a banking organization who may possibly purchase huge amounts of a particular currency. For many years, banks were the only group who could access the forex markets but nowadays with the invention of the Internet, any individual forex trader, who registers with a forex broker, can gain entrance into the market 24 hours a day. Nowadays, just like stock brokers, the brick and mortar organizations, like the banks, are not as much alternative for the singular forex traders who work at the comfort of their own home, observing the news and learning some definite practical information  that will help him or her to take decisions during trading.

Selecting a forex broker may depend on the need of the trader. If you are a fresh forex trader, there are many forex brokers online who will offer you the opportunity of trading with demo account, while some forex brokers deal with more experienced traders. They can also give their suggestions and advices but may not be able to offer you instructional assistance with the information, presumptuous that you may previously know the way it will be of importance or not when you go through it. The best thing to do is to read through information from many brokers, trying different demo account before you eventually choose one.

When looking for a broker, the following points will be of a great help:

Spreads

Due to the fact that forex trading is different from futures and stocks which are bought or sold through a central exchange, the spread can be diverse depending on the forex broker you use. That is why it is essential to try a few before you finally choose one. The majority of forex brokers make known live or deferred prices on their websites, you can therefore make comparison of many spreads and see one that best suit you before you select one.

Implementation

Most forex brokers will show their prices on their website but when it comes to actual trading, they will fail to implement it. A demo account will help you to find out if a broker will actually honor the prices that they publish on their website.

Forex Trading Platform

A trustworthy platform will show you on their site the exact prices you can trade on in real life not just analytical quotes. It will as well offer you Limit and Stop orders, and will perfectly allow you to connect these to your entrance order.

Support

Forex trading takes place round the clock so any forex software you plan to use must offer you a 24 hour market, and your broker must also be available to offer 24 hour support. You can certify from the broker if you are able to close your trade positions on the phone in situations when you have an internet connection problem.

Selecting a good and trustworthy forex broker is easy but make sure you take care not to be hasty about it. Investigate few and trade with a demo account before you finally make up your mind.

FXPrimus Review

FXPrimus brokerage was founded in 2009 in Ebene Mauritius. Their website can be assessed in English but their metatrader4 is accessible in 28 different languages. The development of the internet world in the recent years led to many businesses doing their business online. Many forex brokerages likewise have taken advantage of the internet upsurge to make their services available to traders all over the world. FXPrimus is one of those brokerages that have joined the internet race and is actually doing great in the market.

FXPRIMUS.com was founded by retail traders but it is being administered and managed by a team. Terry Thompson is the president of this brokerage company. FXPRIMUS.com has  its offices in over 200 countries globally. The FXPrimus broker is among the first forex brokers that have an ISO 27001 certification. They are regulated by FSC Mauritius.

FX Primus Ltd Head office is located in Mauritius with the address below:


Ebène House,
3rd Floor, 33 Cybercity,
Ebène, Mauritius

Phone: +44 20 3318 0459
Email: support@fxprimus.com
They as well have offices in other places such as

Mongolia Office

FXPRIMUS Mongolia


Rokmon Building, 10th Floor, 
Office #1006, Undsen Khuuliin Street
24, 2 Khoroo, Bayangol District,
Ulaanbaatar, Mongolia

Phone: +976 7010 5075
Email: support@fxprimus.com

Nigeria Office 
FXPRIMUS Nigeria Limited


Plot 15, Block 113, lekki Penisula
Scheme 1 Lekki, Lagos Island

Phone: +234 808 989 2338
Email: nigeria@fxprimus.com

Peru Office
FXPRIMUS PERU SAC


Manuel Olgiun 215 of. 704,
Surco, Lima 33, Peru

Phone: +51 (1) 700 7995
Email: supporte@fxprimus.com
The FXPrimus brokerage has received several awards including two awards that were given to it this year, 2013. The global Banking and Finance Review this year awarded FXPrimus as the best broker in Asia and Best Trade Execution in Asia, 2013. See the screen shot of the award medal below:



FXPRIMUS works hard to join the league of leading Forex brokers on the internet. They have their website redesigned and re-organized to ensure they meet up with this goal. Nevertheless the designed alone is not compelling enough to make expert traders to try the FXPrimus platform but the security is much more important. At FXPrimus all funds deposited by customers are managed by a third part. With this in place, FXPrimus guarantees its loyal customers of the security of their funds at all times.



FXPRIMUS.com is conscious of the fact that all traders are unequal in terms of their skills in the trading and has incorporated this in their platform to accommodate all traders both novice traders and advanced traders. Traders on logging in into the platform are required to state whether they are new traders or experienced traders. If you are a new trader the platform will re-direct you to where you get more forex education but for expert traders the platform will direct them to where they will access all the tools they need to execute trade successfully.

FXPRIMUS.com provides their customers with various trading options. They can decide to opt for the trendy, trustworthy and well-known Meta Trader 4 forex platform or the much simplified web based trading platform. They also provide an alternative of mobile trading through their mobile platform.
Their platforms are
·        MetaTrader4
·        FXPRIMUS WebTrader
·        iPhone
·        iPad
·        Android
The MetaTrader4 platform is ideal for traders with any level of experience. It is trendy for its easy to use interface, sophisticated charting features, technical analysis tools and automatic forex trading abilities. FXPrimus MetaTrader 4 platform gives room for clients to open multiple accounts on the following base currencies- USD, EUR, GBP, AUD and SGD s well as permits support trading in over 30 different languages.
It also automatically allows you to trade in a number of extra currency pairs. With the platform, the traders are as well able to make a switch between the broker’s 83 tradable assets including currency pairs, stocks and commodities.


FXPRIMUS.com just like many forex brokers provides its first time customers the opportunity to try their system through the demo account. The demo account allows to customers the opportunity of trading up to $50,000 virtual money. The customers after the trial period can decide to open or not open an account with them. When they decide to open an account they can open an account with as little as $250. They also offer customers 3 types of spreads: ECN, variable spreads and fixed spreads. Traders have the choice of choosing the one that suits them.  FXPrimus’ live Trading accounts are divided into

·        Individual Account
·        Joint Account
·        Corporate Account

Commodities
·        Traders can trade on
·        Forex
·        Future
·        Indices
·        Equities
·        Other CFD transactions

Currencies
Signing up with FXPRIMUS is completely standard. FXPrimus allows traders to deposit funds through a lot of channels such as Moneybookers, wire transfer and credit card. All these methods of depositing money are entirely hassle-free. Also, the traders’ account can be funded in any of the following currencies- USD, EUR, GBP, and SGD depending on the type of account they are funding. Again, funds withdrawal is as hassle-free as it is to deposit funds. It takes about 24 hours for you to withdraw your funds.

Customer Service

FXPrimus not only promise to provide reliable and excellent customer services to their clients but they actually fulfill that promise. Email inquiries at FXPrimus take about 5 minutes to receive a response from their customer care representatives which is great. They also offer life chats and telephone inquiries to those who prefer those methods.

The customer services can be accessed in English language and 3 other languages- Bahasa Indonesia, Simplified Chinese and Spanish. If ever you are in need of their technical support, you have the option to contact by live chat, email or by phone. They give the same attention to new and experienced traders.

Overall Rating

The average rating of this broker is 4.8 out of 5 stars. See screen shot below:

Pros
·        
They offer excellent customer support

·        They are as well a STP broker. What this means is that your trade is swiftly processed and you are not trading against your broker but that you are getting a fair trade.
·        They are among the few online brokers that are certified by ISO
·        They offer varieties of the least available spre4ads as well as allow you to choose the spread type of your choice- Fixed, Variable or ECN Premium spreads.
·        They have no restrictions on hedging
·        They provide trading opportunities for other assets apart from forex
·        Their MetaTrader4 is highly reliable.
·        They provide well-organized 24 hours Customer Support.
·        They provide free real-time market news.

·        Ethical and professional broker

   

Cons
·        At times, People’s freezing of ECN MT4 Platform occurs and would not resume work in about 5-8 minutes but occasionally.
·        They don’t accept US Clients
·        They don’t yet support Paypal as a means of payment.


Conclusion

Just like we said above FXPRIMUS.com was set up by retail traders which makes it easy for them to understand the needs of their fellow traders. They endeavor to provide all its customers with an effective trading tools like a trading platform which is stable, low spreads and top notch customer service. It is difficult to find a forex brokerage in the market which can outperform the excellent quality of services provided by FXPrimus. They are already a brokerage with a global base. They are highly sensible to the trading needs of their customers both financially and emotionally. They make trading exceptionally pleasant for all traders especially those that use the metaTrader4 trading platform.

References:
·        Forex Peace Army (http://www.forexpeacearmy.com/public/review/www.fxprimus.com)
·        Forex empire (http://www.fxempire.com/forex-brokers/fxprimus/review/)
·        Daily Forex  (http://www.dailyforex.com/FXPRIMUS/FXPRIMUS-review/454) 
·         Myfxbook (http://www.myfxbook.com/reviews/brokers/fxprimus/15195,1)
·        (http://forexbroker-check.com/forex-broker/fxprimus.html)     
·          (http://forexbrokersreview.net/fxprimus-reviews/)                                                                               
·        http://forexbrokersreview.net/fxprimus-reviews/)
·        http://forextradingmalaysia.org/fxprimus-review
·        http://www.forexbrokerz.com/brokers/fxprimus
·        http://finance.yahoo.com/news/fxprimus-wins-two-awards-global-055849776.html