Should You Try Copy Trading?

Binary options trading can be a little confusing to those who are new to this particular form of trading. Not to mention, being an inexperienced novice can have its disadvantages. The main one is that you tend to lose money on trades when you first start out.

Imagine if you could side step all of these issues, however, and increase the chances of you making a profit. This is precisely what copy trading promises to do. Of course, if you are not well versed in this option, you may be wondering should you try copy trading. Well, here are a few things that may help you find an answer to this question:

What Does Copy Trading Entail?

Before deciding on whether or not this is for you, you will first need to understand what copy trading is.

With copy trading, you will be getting advice on which trades you should be making. This advice is typically given by traders who are not only experienced but have also found a great deal of success with binary options trading.

There are two types of copy trading that you can follow. The first involves you signing up to follow a trader of your own choosing. They will give you insight into the trades that they are making and permit you to make similar trades.

The second type of copy trading is known as social trading. Here, all of the exchange of information takes place on a social trading network. Here, you are able to view a number of trades that are taking place and see if they are fruitful or not. Social trading is also quite interactive with traders being able to leave comments, talk about strategies, and provide various other aids.

With copy trading, you may either be provided with manual or automatic options. With manual, you will be given a heads up when a trade is about to be placed. However, it is up to you whether or not you want to follow the lead and how much you want to invest in the trade. With the automatic method, you are letting someone else tackle your account for you and to place the trade in your stead. You can, nonetheless, set a limit for the trade.

The Benefits of Copy Trading

Copy trading is a great tool for individuals who are just not confident enough to place their own trades. If you don’t know enough of about binary options trading, it can be difficult to know when you are about to make a mistake. It can be equally problematic to identify when an opportunity might be presenting itself.

With copy trading, you don’t have to rely upon guesswork anymore. A trader – or traders – with more knowledge and familiarity with trading will be able to examine the market situation and discern any trade prospects.

Is It For You?

Copy trading is a great way to ease yourself into trading and to minimize the risk involved. This does not mean that it is for everyone, however. It is best to avoid the automated form of copy trading as it can result in your account being drained or you losing money.

If you really have no idea about binary options trading, you may find yourself better off with copying someone else. This method can also teach you about the right and wrong way to invest in trades.

It is important to understand the consequences of copy trading as well, nonetheless. For instance, you should know that if the trader that you are following hits a losing streak, so will you. Therefore, you should copy others’ moves with caution.

All of this information should help you to determine if you should try copy trading. Remember to also make up your own mind about whether or not to go ahead with a trade. You should also always retain full control over your account.

How to Choose a Forex Broker

If you want to be involved in forex trading, one of the first things that you will need to do is to find yourself a broker. Now, these types of brokers are a dime of dozen. What you need to focus on is how to choose a forex broker that is right for you.

How to Choose a Forex Broker That is Right for You

By employing a broker that is compatible with your needs and expertise level, you are much likely to be able to trade more successfully. Here are some of the tips you can follow for finding your best possible option:

Is the Broker Regulated?

As mentioned, you will find no shortage of brokers on the internet. This can make deciding between the legitimate ones and the scams quite difficult. If you want to be assured that you are making the right decision, then it is best to opt for a broker that is regulated by an authoritative agency.

Each country has a regulatory association that is responsible for forex brokers within their borders. For the United States, this is the National Futures Association and the U.S. Commodity Futures Trading Commission, while in the UK it is the Financial Conduct Authority and the Prudential Regulation Authority.Australian brokers are managed by the Australian Securities and Investment Commission whereas the Swiss brokers have to be regulated by the Swiss Federal Banking Commission.

In Germany, there is the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) while France and Canada adhere to rules set by the Autorité des Marchés Financiers.

What are the Account Offerings Like?

Each broker is going to make various promises regarding the leverage and margin, commissions and spreads, as well as the minimum initial deposit. It is a good idea to make comparisons between the brokers to decide which one is making the best offerings for you.

Each broker is going to have different accounts and then ask for varying minimal deposits. It is always a good idea to stick with an account that you can afford so that you don’t run out of cash too quickly.

If the leverage that is offered is competitive, then you can significantly increase on your initial deposit. However, to avoid falling into debt, you should remember to limit how you use the leverage.

There are two ways that brokers make money – commissions and spreads. Those that are involved in commissions generally charge a certain percentage of the spread. The brokers that don’t charge commissions, though, and make money from wide spreads. As such, it is best to stick with more popular currency pairs with these type of brokers.

What Currency Pairs are Offered?

There are some currency pairs that are known as majors. These include the EUR/USD, USD/JPY, GBP/USD, and USD/CHF. If you are interested in trading with these or others that are similarly popular, you are in luck as almost every broker is offering these. If you want something more exotic, though, you will have to first ascertain that a broker that you are interested in actually offers these pairings.

What is the Trading Platform Like?

If you aren’t able to use a particular trade properly, there is a good chance that you will make numerous mistakes with your trades. As a result, you can lose a lot of money. To avoid this, you will need to find a trading platform that you are comfortable using. All of the controls and features must be easy to use and you should have no problem entering or exiting a trade. Similarly, it should offer you a lot of trading tools to choose from. Trading alerts and automated trading options can also help you a great deal when trading.

How Easy it to Deposit and Withdraw Money?

To make quick trades, you are going to need to deposit money into your account quite quickly. So, in addition to bank transfers and checks, you should also be able to place money into your account via credit cards and PayPal for faster options. Now, you should also look at the methods as well as the terms and conditions surrounding your withdrawal options. These tend to be tricky so you should ensure that you can take your money out with minimal hassle and cost to you.

This is how to choose a forex broker that is right for you. With some research and due diligence, you should be able to decide on one that is reliable as well as profitable.

Forex vs Stock Exchange

brokersWhich is best for you – Foreign Exchange or Stock Exchange? To answer that question, we must weigh both of them on the same scale and see if one can tip the balance over the other.

If you are the conventional ‘long only’ or buy-and-hold investor, you have some very good reasons for staying involved in the stock market. Statistically speaking, investors tend to get profitable returns from stocks and the taxation is sufferable.

But if it is trading you are keen on, you might want to hold your horses and take long hard look at Foreign exchange as well because it too has its own share of unique benefits.

Let us now go over some of the considerations that you would have need before choosing between them. Is it going to be Forex or Stock? Let’s find out.

1.Do you prefer fundamental analysis or technical?

If you are into assessing things in technical terms, then Forex is the better suited art form for you. On the other hand, if you are more about inherent value and subjective evaluation, your trading strategy is better suited to stock exchange. Your preferred method of analysis will come in very handy in your activities as a trader.


Forex markets differ a lot here from any other kind. While in stocks you will usually  come across a ratio along the lines of 2:1, Forex can give you ludicrous ratios up to 100:1. So with Forex trading, whatever returns you get are exponential as per the given ratio of leverage. The upside is, you can make a heck of lot of green off of a very small seed. The downside is you can lose the same amount if your trade goes south.


Bad trades come with the burning desire to make up for lost bounty. But can you actively control and suppress that desire when logic dictates you take leave it alone and reassess your trading strategy. You can never really know until the situation presents itself. This is an essential skill you need to make Forex trading work for you. With stocks, any potential losses are unlikely to go beyond your initial investment.

4.Bearish bets

Bearish bets with Forex trading is a rather simple matter. For instance, if you are predicting the Canadian dollar will end up higher compared to the US dollar, simply sell the Canadian dollar vs. US Dollar in the market.

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5.Number of positions

Number of currencies you can trade in a Forex market is obviously finite. In fact, as of 2013, only four of them account over three quarters of the trillions of dollar worth of trades executed each day. They are the US dollar, Euro, Japanese Yen and the English pound. Other major currencies include the Australian dollar, Swiss Franc, and Canadian dollar. A stock trader however has a veritable options list numbering in the thousands, and that is just in US.

6.News feed

Is your focus more toward a macroeconomic perspective on events or do you prefer doing some thorough searching in the sewers of whatever corporation or industry you are trading in? If you prefer the former, currency exchange should be right up your street.

7.Risk management

Your approach toward potential risks is a key factor to consider when choosing between trading stocks and trading currencies. If you are not suited to taking on risky moves, do yourself a favor and play stocks instead of Forex.

So which is it to be then? Hopefully, with the considerations listed above, you now have a clearer idea of which kind of trading would suit you best.

How to Start Forex Trading

In very simple terms, Forex trading is the most lucrative department of online trading you can be involved in. It is the market where all the currencies of the world are traded and daily transactions regularly amount to trillions of dollars.

The market is open 24 hours a day on all week days except holidays. There are many ways to get in on the action and many fortunes and losses to be made. However, if you are considering getting involved as a trader in the Forex market, there are some fundamental early steps to be considered before you can stand any chance of making a successful turn of it.

Here are some of the key variables and methods you should know about before starting out in Forex trading.

What should you know beforehand?

It is imperative that you get to know the trade before stepping into it. In the case of Forex, getting to know the trade outside of being involved is only half the job. The other half involves getting to know you as a trader. Forex trading is not for everyone. There are certain aspects of your personality that could give you an edge in thriving in this environment. Characteristics like high intelligence, patience, a natural intuition for trading and understanding of human psychology should all be abundantly present in a successful Forex trader.

If you feel that you do not adequately possess these faculties, you should probably second guess your decision to participate in Forex trading unless you have a strategy to circumvent your shortcomings. It is nothing to be discouraged about. Some people are just more adept at trading than others. Regardless of whether someone is theoretically capable of making an efficient trader, it will still be a trying experience in Forex Trading.

Where should you start?

Once you have gained a good amount of background information, you are almost ready to start trading. But before that, you must secure for yourself the services of a broker to enable you trade. In this regard there are some key factors to look for in taking your pick.

  • Licensed and regulated: If the broker is licensed and regulated by a government agency, you have added assurance that it is not a scammer.
  • Trading platform: Make sure the platform is user-friendly and easy to access so you can make trades unhindered.
  • Account types: The types of accounts on offer and how they are maintained is largely subjective to each broker. And so your ideal choice here will be best suited to your personal style of trading. It would be a tremendous added benefit to select a broker that offers the option of maintaining a demo account.
  • Leverage: This too is subjective to each broker. It is the ratio of the required margin relative to the value of the currencies being traded.
  • Customer service: Make sure the broker offers reliable customer support and is easy to contact on any given working day.

Are you ready yet?

After doing some elementary research in advance and picking a broker to collaborate with, you now have the two bare essentials to help you open your account into the Forex market. However, you cannot be completely sure of how those two will work together. To help straighten things out even further, you can start off by activating a demo account. It will enable to make trades in real time but without requiring you to stake your personal funds and run the risk of losing them.

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More importantly, you will be able to gain first experience into the market as it is without it being filtered to you through a book, a website or somebody’s advice. You will know what it is like to play the real game.

Now you are ready

Once the knowledge and experience to be had from the demo account has run its course, it is time to open a real account, deposit your real funds into it, and start really trading. You will be able to bring in all the knowledge and skills you have honed through the preparation stages to become a formidable trader in the market.

Start With Forex Trading

Decide wisely about getting involved, learn all that you can before getting involved, choose the right broker with which you will be getting involved, get a real idea of what it is like to be involved and finally, really be involved. These are the crucial steps you should take in order to make it as a Forex trader.

How to Start CFD Trading

Simply put a CFD or Contracts for Difference trade refers to an exchange in the difference of the cost of a certain financial instrument within an appointed time frame. The financial instrument in question is usually either a share, commodity, indices, foreign exchange or treasuries.

Over the years, CFD trading as developed a reputation for being one of the riskiest forms of online trading and usually taken on by experienced traders who have ample experience and intuition about the ever changing global markets. To get your career underway as a CFD trader, there are some crucial factors to get right before hand.

1) Finding the Right Broker

This decision is largely a matter of the authenticity of service being offered as well your individual preferences as a trader. Conduct a detailed review of all the brokers you are considering. Pay careful attention to the services they provide for their clients, the type of markets you are looking to trade in and the spreads and commissions charged by each broker on those markets.

2) Trading Platforms

Make a thorough assessment of the trading platform your broker is offering. It should be easy to access, easy to read and swift at sealing trades for you. It should also be updated in real time about the changes in price and the availability of new open positions. The platform should also be practical enough to be accessed by your smartphone so that you can stay updated on the progress of your trades while you are on the move.

3) Choosing a Market

With CFD trading, you will have access to a global assortment of markets. With the help of the trading platform as well as the kind of trades that you specialize in, you will be able to select a suitable market to trade in.

4) Go Long or Go Short

There are just two kinds of prices that are quoted in a CFD market. The first being the selling price and the second being the buying price. The difference between the two is known as the spread. Depending on the price of the underlying instrument, the price of your CFD will be quoted. If you are guessing price of the market will go up, you will buy the market or Go Long and if you think the price will decline, you will sell the market or Go Short.

5) The Size of Your Trade

Whether you are dealing in shares, commodities, indices, foreign exchange or treasuries, the value of a single CFD or share will depend on the underlying instrument. One of the main things to consider when trading in CFD is the influence of leverage. CFD involves trading on margin, which means only a tiny percentage of the full asset is exposed at a given time. So only the equivalent amount of that portion is invested. However, leverage can exponentially increase the resulting profit or loss to account for the value of the entire asset so that while a profit can be really sweet for traders, a loss can end up costing them far more than their initial investment. So it is important to ensure that you have enough funding in your account to make up for any loss you might incur or else do not use leverage altogether.

6) Keep an Eye on the Trade

After placing a trade and announcing a time, whether you make a profit or a loss depends entirely on the where the market will go. So long as the trading platform you are using is accurate and in real time, you can open more trades and close existing ones going by your chances of gaining a profit or loss.

7) Closing the Trade

Closing a trade is simply a matter of selecting the ‘close option’ on the trading platform. Upon closing the trade, you will be immediately informed of the resulting profit or loss and the difference in your account funds.

Start With CFD Trading Now

CFD trading is a very delicate and tricky process in the online trading scheme. While no one participating is in real control of their earnings, those traders who are experienced and highly skilled likely stand a better chance of making successful trades than novice traders. If you manage to fulfil the above criteria, you will be in with a strong shout.

Basics of Trend Following

It is a widely established fact that one of the smartest ways to trade in binary options is to go with the trend. Therefore, if an asset appears to be moving in a certain direction, at least for a particular period of time, then you trade in that direction.

There are many reasons why this strategy is touted by experts. The most important one is that it is often easy enough to recognize a trend. Therefore, you can set all of your trades according to the patterns that you have distinguished. To understand more about this technique, here are the basics of trend following:

Identifying the Trend

First things first, you need to be able to see when a certain pattern is emerging. While this is not always easy, over time you will get better at recognizing the signs. You will require charts to be able to determine whether or not a trend is forming. A common assumption is that you simply have to look at the direction in which the price is moving for an asset to see whether or not there is a trend. Unfortunately, it is not quite so simple.

If you have ever looked at a chart, you will be able to see that there a minor fluctuations. For instance, if an asset has been increasing in value for a while, it may suddenly experience a dip, and then go back up again. So, what are you to do then? You will then need to look at a series of highs and lows to determine if there is a pattern.

If there is one, you will be able to tell that there is a trend occurring.

Entering and Exiting a Trade

The key to making a profit from trend following is to know when to enter and exit a trade. As you can imagine, you should only enter a trade once you are confident that you have identified a trend. Doing so when there is no trend established will result in the trade ending up out of the money.

The best way to figure out your entry point is to use technical indicators. What you use is entirely up to you – whatever you feel most comfortable with should work just fine. Oscillator indicators such as RSI and CCI often prove to be most helpful in such instances.

Just as important as knowing when to get in on the action is being able to tell when the trend is about to reverse. This signifies the expiry time of your trade. In order to determine this, you will need to calculate how long this trend is likely to last. This will give you some insight into when your trade should end.

When Trend Following Does Not Work

It stands to reason that you cannot attempt to follow a trend when none exists within the market conditions. This means that it is not always possible to rely upon such a strategy. Just as you must know when to place a trade, you are also required to understand when to leave well enough alone.

This is why the most dangerous conditions for trend following is a volatile market. This is because the prices of many assets will fluctuate, often without warning. As a result, the charts will provide readings that will be false and render any assumptions that you make according to it quite useless.

Volatile markets are often forecast by fundamental analysis. If there are significant events occurring, it is best to step back from trend following.

These are the basics of trend following. This will help you to get a better understanding of what these types of strategies entail and whether or not they are suited to you.

Best CFD Brokers

Before we go in to how to choose a good CFD broker and our top rated candidates for the job, let us take a look at what CFD trading is about.

In very simple terms, a CFD or Contract for Difference is an agreement to exchange the difference in value of a particular financial instrument between the time that its position was opened and the time at which it is closed. But the real stand-out feature of CFD trades is an ability to be traded on margin so any profits they bring in are not at all liable to be taxed of any stamp duty.

By trading on margin, a trader does not have to expose the full position of any given asset, just a small percentage of it. The instruments that can be traded in CFDs include shares, indices, commodities, foreign exchange and treasuries. As with any form of online trading however, you do need a broker to get you started.

Choosing a good CFD Broker

Before we unravel the reviews of our top recommendations, let us first consider what key features to look for in an efficient brokering service.

1) How Do The Reviews Look?

The only reason anyone would trouble themselves to review anything is because they might have good reasons for why you should or should not try out the same product for yourself. In the case of CFD Brokers, an unbiased review of any broker you are looking up can supply you with some handy information to help you decide whether or not you want to work with them. An added tip is to look up multiple reviews on the same broker and check if they are all consistent.

2) Is The Broker Legitimate?

If the broker is not licensed and regulated by a government authority, you have absolutely no solid evidence to suggest it will serve you authentically and not be a scam. While regulated brokers are not exactly squeaky clean on issues like extortion, their complaints tend to be isolated incidents or misunderstandings on the part of their clients. The bottom line is an official certificate should be a must-have of any broker on your radar.

3) Is The Broker Compatible With Your Trading Style?

This calls into account details like trading platforms, types of accounts, assets to trade in, methods of making deposits and withdrawals etc. As a trader, you will have your own unique preferences when it comes to trading so it is best that you go with the broker that is most compatible them.

Reviews of CFD Brokers: We are now ready to take a look at a few of the best CFD brokers you can choose from.


One of the largest binary options brokers in the world, 24Option now also offers traders to trade with CFDs and Forex as well. It is a regulated broker in multiple jurisdictions most notably under the FCA in the UK CySEC in Cyprus and IFSC in Belize.

This broker provides clients with the highly popular MT4 trading platform for CFD and Forex while for binary options traders, it offers Scipio. There are numerous currency pairs as well as over 100 assets to trade in.

Deposit options with this broker are plenty. International traders can make deposits through Webmoney, AstroPay, Qiwi, Sofort and Skrill. The minimum initial deposit for brand new accounts is $250 while the minimum trading amount is $24. A demo account is also available but only after that minimum initial deposit is made.

Finally, the other notable feature of this broker is its customer service. It is available in 16 different languages via an online chat or over the phone through 16 different codes. The staff is very professional and courteous.


Plus500 is a broker based in the United Kingdom. It is regulated under the FCA, ASIC and CySEC. It offers a high quality CFD trading platform consisting of over 2000 instruments including around 50 ETFs, shares, indices, commodities and Forex pairs covering over 20 global markets. To activate an account requires a minimum initial deposit of $200.

This broker also offers some useful options for a trader’s risk management. Traders have the ability to manage their leverage by trading high, low or no leverage at all. They can also quote price levels for particular products as ‘Close at Profit’ or ‘Close at Loss’. It is a unique mechanism for risk management that is not offered by most other brokers. Also, you can activate price alerts to let you know when the market reaches a particular buy or sell price. Plus500 also offers a tool called trailing stop which is essentially seals profit for the trader and saving them the trouble of constantly monitoring a position and readjusting the stop price.

To get the hang of it, traders are entitled to using a demo account for an unlimited amount of time until they are ready for an active account. The trading platform itself is easily negotiable and available in 32 languages. is a Forex broker for the most part but also includes CFDs. It is a licensed and regulated broker under CySEC in Cyprus and FSB in South Africa.

In terms of assets, offer over 200 stocks, commodities indices and currency pairs to trade. It uses the Markets Web Trader platform which has been tuned to work well on mobile devices. Leverage is a generous 200:1 which is about ideal for most traders. The minimum deposit required to open an account is $100.

CFD traders are given all the mandatory financial aid to be expected from a good broker such as the ability to trade shares, commodities, indices etc. without owning the underlying assets.

For the benefit of all traders, a demo account is available for an unlimited time so traders can experiment with new financial strategies without risking their real funds.

Top Rated CFD Brokers

While these are a few of the best brokers in CFD trading currently operating, do not be flattered by their glittering reviews and ratings. What you should really be concerned about is how well regulated they are as well as how adept they are at serving your personal financial interests.

Best Forex Brokers

If you are new to the world of Forex trading or perhaps an experienced player who has hit a bit of a rough patch financially, you might find it helpful to reconsider your strategy in the game.

A big part of that strategy involves what broker you choose to get you into the game and equip you with the tools.

Choosing the right broker is not an exact science. While there are official ratings of brokers to consider how good their services are, what really matters is how well equipped they are to comply with your personal trading style. Before you take a look at the types of accounts on offer, bonuses, trading assets, platforms and so forth you need to find out it if the broker is licensed and regulated by a government agency. No matter how attractive the other features are, the lack of official regulation can make you a lot more vulnerable to being scammed.

Once you know the broker is legitimate, you can probe into its other features to find out how well it will stack up with your preferred financial strategies and devices. Here are our top candidates for you to consider as your ideal broker in Forex trading.

And now, onto our top three selections of the best Forex brokers you can trade with right now.


eToro is based in Limassol, Cyprus and was founded in 2007. It is licensed and regulated under the FCA, ASIC, CySEC and MiFID. It is currently home to world’s leading network in social trading. Traders are able to communicate and discuss different strategies and experiences.

The minimum initial deposit required to open an eToro account is $100 except in Middle Eastern countries where it is twice that amount. As ever with Forex brokers, it is important to consider the two main categories that make up the cost of trading: spreads and commissions. Apart from day traders all other traders also have to consider swap rates which refer to overnight charges. Fortunately, those rates are displayed on the official website. Maximum leverage stands at 400:1.

There is also a practice account available for the benefit of novice traders as well as a demo account with access to the social trading platform. However, trading profiles and activity is only accessible for real account holders.

Social networking has been majorly integrated into the online trading as of late and eToro has been quick to make good use of this rising trend by encouraging active communication between traders learn, invest and share knowledge of trading. The most successful traders are even featured on the landing page along with elementary details like their gain percentage, win ratio and number of copiers. This is no doubt, hugely beneficial for other traders.

A dynamic range of trading options are offered by eToro including assets in financial markets and commodities like precious metals and crude oil. Bitcoin has also been included as an option to trade in. However on eToro’s platform, it factors in as a stock rather than a currency and is traded as a CFD.


Founded in 2006, AvaTrade is one of the world’s leading Forex brokers with subsidiaries in Dublin, New York, Sydney, Tokyo, Milan and more. It is a regulated Forex broker under the Central Bank of Ireland, Australia’s ASIC, Japan’s FSC, the B.V.I Financial Services Commission and is licensed by the MiFID of the European Union.

Traders get just one account to trade with which requires a minimum initial deposit of $100. Leverage stands at 1:400. Beginning from 0.9 pips, both fixed and floating spreads are available by this broker, some of the most competent spreads anywhere.

AvaTrade is one of the pioneering brokers in implementing CFD trades and trading in digital currencies making Bitcoin accessible to retail traders. Their trading platform is user-friendly and available in English, French, Spanish, Portuguese, German, Italian, Chinese, Japanese, Taiwanese, Russian and Arabic.

The types of orders a trader can make on the AvaTrade platform include Entry Stops and Trailing Stops, Stop Loss orders, Limit orders, Entry Limits and Market orders. More advanced orders like IF Done orders and One Cancels Other orders can also be made.


Plus500 is a broker based in the United Kingdom. It is regulated under the FCA, ASIC and CySEC. When it comes to spreads and commissions, this broker usually charges a floating spread worth 0.8 pips during high activity hours in the market on the EUR/USD currency pair. Meanwhile for GBP/USD, the spread is usually 1.9 pips and for USD/JPY, 1.7 pips. Happily, Plus500 charges absolutely nothing on commissions.

Plus500 offers a high quality CFD trading platform consisting of over 2000 instruments including around 50 ETFs, shares, indices, commodities and Forex pairs covering over 20 global markets. To activate an account requires a minimum initial deposit of $200.

This broker also offers some useful options for a trader’s risk management. Traders have the ability to manage their leverage by trading high, low or no leverage at all. They can also quote price levels for particular products as ‘Close at Profit’ or ‘Close at Loss’. It is a unique mechanism for risk management that is not offered by most other brokers. Also, you can activate price alerts to let you know when the market reaches a particular buy or sell price. Plus500 also offers a tool called trailing stop which is essentially seals profit for the trader and saving them the trouble of constantly monitoring a position and readjusting the stop price.

To get the hang of it, traders are entitled to using a demo account for an unlimited amount of time until they are ready for an active account. The trading platform itself is easily negotiable and available in 32 languages.


These are currently some of the most reputed and highly rated Forex brokers you can select right now, but of course, the really important thing to know about any of them is that they are compliant with your own personal tactics and strategies as a Forex trader.

US Forex Brokers

There are not an awful lot of Forex Traders operating in the United States – not licensed and regulated ones at least. That is because the United States imposes strict regulations and laws on its finance industry in the interests of financial security for all of its citizens.

A considerable variety of trading forms available have in turn provided need for establishing different governing bodies that offer licenses and regulations.

USA Forex Brokers

Of the various trading forms currently operating in the United States, Forex trading is one of the most prevalent. It is in fact the leading form of online trading internationally. In the U.S, it is fairly limited compared to many other countries, a testament to the rigorous standard upheld by prevailing government agencies. The Primary authorities in charge of overseeing all Forex trading activities in the United States are the National Futures Association or NFA, and the Commodities Futures Trading Commission or CFTC. The key thing to understand about these institutions is that their regulations are not based so much off legal procedures so much as ethical ones for the online trading community.

Here are some of the top Forex Brokers currently available for traders based in the United States. has been around since 1999 and is run by Gain Capital Holdings. It is one of the highest rated Forex brokers anywhere in the world and it meets the licensing and regulatory protocols under the jurisdictions of seven government authorities including the NFA, CFTC, FCA and ASIC.

At the types of accounts available to traders are a standard trading account and an Active trader account. Where the standard trading account requires minimum of $50 worth of an initial deposit to be activated, the Active Trader account requires $20,000. The added benefit of the latter is that traders are supplied with a so called ‘Relationship Manager’ to further assist their trading activities. There is also a demo account available for all traders with an initial deposit of $50,000.

When it comes to trading costs, spreads and commissions are two very important factors a trader must consider when choosing a Forex broker to work with. For currency pairs such as EUR/USD and USD/JPY, the usual floating spread charged by is 1.7 pips. For a GBP/USD pair, it is normally 2.1 pips. For holders of an active trader account, these spreads can be a lot lower. For instance for EUR/USD currency pair, it can go down to 0.4 pips.

The trading platform is another important feature offered by a broker. The one offered by is simple and easy to operate with virtually no room for confusion. Trading options are available in binary, spot forex and CFDs in over 3200 markets.

The main criticisms with this broker is that it offers no bonuses or promotions and variety of available accounts is limited to just two.


FXCM or Forex Capital Markets is one of the first brokers to implement online trade. It was started in 1999 and is based in the United States. Its headquarters are situated in New York and subsidiaries in the United Kingdom, Australia, France and Italy. It is licensed and regulated by the authorities of each jurisdiction that it operates in, most notably the FCA, NFA, and ASIC.

A diverse range of account types are offered by FXCM to suit novice traders as well as experienced traders. The standard account requires an initial deposit of $5000 to be activated while the Active Trader account requires $25,000. A mini-account is available as well and requires a minimum deposit of $50. It offers 50:1 leverage for traders based in the United States and 1:200 for traders based overseas. Training accounts are also available at FXCM for 30 days. There are also two types of demo accounts: the standard demo account is available with $50,000 and the mini-demo account comes with $2000. The trading platform used on all these accounts is exactly the same. However, you do need a separate password and ID to access each one.

When it comes to trading platforms, FXCM offers the widely used MT4 platform. It is quite easy to navigate and can be customized to your individual preferences. The available assets to trade include day trading, trailing stop/limit orders and entry orders, and stop loss and take profit.

Customer support from FXCM is available 24/7 in over 20 languages inclusive of weekends and other days when the market is closed. As a trader, you can get in touch over the phone, through email or online chat.


Nadex is part of the global financial services provider, IG which is worth over 2.2 billion pounds and based in Chicago. It is a derivatives exchange regulated by the CFTC and only offers assets with limited risks. Its design is mostly in the interests of retail traders. Although, primarily a binary options broker, Nadex offers traders access to financial markets including Forex, commodities, stock indices and crypto currency bitcoins with over 2400 binary option contracts on a daily basis.

When it comes to accounts, traders can maintain just one completely free until they place their first trade. To continue thereby would require an initial deposit of $250. Apart from that, the account must also hold enough capital to pay off any loss that may result from a trading position. Fortunately, a demo account is available with a handsome deposit of $25,000.

The contracts on offer at Nadex can last anywhere from 5 minutes to a week so traders have numerous trading options to consider as well as being able close off a position before its designated time of expiry.

Bonuses are available here as well. The offer from Nadex rather peculiar. Called the Free Holiday Bonus, it involves traders getting full days where they can trade without being charged with any exchange fees.

Nadex offers support to its customers via phone and email 24 hours a day starting from 6 pm on Sunday to 4:15 pm on Friday.


These Forex brokers are currently some of the best ones operating in the United States as well as internationally. However, as a trader what is most important to consider when choosing which one to trade with is not their popularity so much as how well they can suit your trading style.

Binary Options Charts

Charts and graphs are not things that people particularly enjoy. Nonetheless, if you are hoping to be a trader that makes logical and practical trades, then it is inevitable that you use them. While many a website will talk about the importance of these charts or advertise them, there is not much material regarding the charts themselves.

Rarely are all of the charts tackled in one block of information. This article discusses the binary options trading charts you need to understand. Here are the types that you need to be familiar with:

Candlestick Charts

These are the most commonly discussed types of charts for binary options and in fact, most financial trading. In a nutshell, it describes the price movements experienced by a particular asset. One of the reasons that this chart is so popular is because it discloses a considerable amount of information.

It can tell you the opening price, the closing price, the highest value that the asset reached, and finally the lowest price for that period. The candlesticks are also plotted in different colors. This helps to determine whether that period was a positive or a negative one.

These charts can be used for a number of reasons. It is a good way to determine the entry and exit points for a particular asset and market. It can also be used to assess whether or not a trend is about to reverse its position.

Bar/OHLC Charts

Bar charts are also known as Open High Low Close charts. The Bar chart and the Candlestick chart actually share a great deal in common. In fact, they are both responsible for the displaying the same types of information. The only real discernible feature here is the manner in which the charts are plotted. It is for this reason alone that more people seem to prefer the Candlestick chart. Aesthetically speaking, it appears easier to read and understand.

Tick Charts

Tick charts are what you need to use if you only want to see a small part of the price movements. This is because this chart can only show you what took place in the last few minutes. If you require anything earlier than that, this chart will not be useful to you. However, you will be able to see every change and movement of the price of the asset for those few minutes.

Line Charts

Line charts are similar to Tick charts except that they show you the price movements for a longer period of time. This is because the information depicted by the line charts is a condensation of several price movements.

As a result, you are only really able to determine what the closing price of a certain aspect was. Although it is good for dealing with elongated periods of time, it doesn’t really offer the trader a lot of information. While it may be simple to read, it does have its limitations.

Know Which Chart to Use

Although charts are quite useful, not many people are too keen on using them. When they feel as though they must use them, they often opt for the easiest option – which is typically the Line chart. As mentioned, nonetheless, these are not adequate enough for you to make a reasonable deduction. Therefore, as uninteresting as it may seem, it is best to learn how to master the candlestick or bar chart. These charts are the ones that will come to your aid when you want to decide on a trade.

The above are the binary options trading charts that you need to understand. This now puts you in a better position to determine which one you need to use.

How Do We Buy Bitcoins

buy bitcoinThere is no denying that bitcoin is quickly becoming a popular – and valuable – form of virtual currency. Not only is the currency hitting record highs, there is no so many more avenues available for bitcoin users.

There are a greater number of retailers accepting bitcoin and you can even trade binary options using the currency as there are brokers that accept it. All of this means that buying bitcoin can be a lucrative opportunity. All that remains is to find out just how you can do this:

First Step: Get Yourself a Bitcoin Wallet

Before you start buying bitcoin, you will need a bitcoin wallet. Unlike a wallet where you store physical money, bitcoin isn’t really stored here. Instead, it contains your public and your private keys which are what is used to ensure a secure transaction. There are four types of wallets that you can choose from.

The most common option is to download software onto your computer or mobile device. It can be downloaded onto your phone in the form of an app. There are various vendors offering different versions of a bitcoin wallet.

The other choice that you have is to use a web based service. Here, the keys for your bitcoin are stored on a separate server. Although this means that you can access your wallet from any desktop, it is not the most secure option.

There are also now hardware wallets that are essentially digital devices that are extremely secure and can be used for larger purposes. There is even a paper wallet where you can print out the files with your key data.

So, how do bitcoin wallets work? Well, they contain two 16 digit passwords – they are known as public and private keys. The public key informs the vendor where the bitcoin should be sent while the private key is what you use to confirm that a transaction has been made.

Where Can You Buy Bitcoin?

Bitcoin can be purchased from platforms known as bitcoin exchanges. These are places where you can turn physical currency such as dollars or euros into an equivalent amount of bitcoin. There is another form of exchange that is also gaining popularity. These are bitcoin ATMs where you deposit money into them and the bitcoin are sent to your bitcoin address. There are also individual vendors that are involved in selling or trading bitcoin with you.

Then there are binary options brokers that allow you to use bitcoin as a medium of exchange. This is when you place a trade on a particular asset and in the event that it ends up in the money, you get paid in bitcoin.

How Can You Purchase Bitcoin?

When you are dealing with exchanges, there are several ways that you can buy bitcoin. If you want to purchase bitcoin as fast as possible, credit cards and debit cards are good ways to manage this. This is because you will have access to bitcoins the moment the transfer has been verified. Of course, when using credit cards, you can expect to pay higher processing fees than with other payment options.

Equally as popular are bank transfers. They are particularly useful if you want to purchase a larger volume of bitcoin. With bank transfers, however, the transaction can be quite long. You typically have to wait several days before you can use your bitcoin. With credit cards, debit cards, and bank transfers, you have to use some sort of identification to make the exchange.

Cash exchanges can be utilized by individuals who want to make a quick exchange and don’t want their identity attached to the purchase. Unfortunately, this method can be notorious as you are dealing with individual vendors. Also, the exchange rates tend to be much higher than with other choices.

Officially, payment options such as PayPal will not let you purchase bitcoin with their platforms. Although some people have found creative solutions to this, it still is forbidden by these payment platforms.

Once you have bought bitcoin, you can use exchange systems to both sell and buy bitcoin. There are many exchange systems that offer wallets and vice versa. This allows you to be officially engaged in the bitcoin marketplace.

This is the process involved in purchasing or trading bitcoin with either exchanges or individual vendors.

Is Bitcoin A Scam?

bitcoinBitcoin scams have been around almost as long as the cryptocurrency itself. There has been, however, an increase in the different types of scams that conducted. This can make it quite difficult to determine what bitcoin opportunities are legitimate and which ones are fraudulent. This article will deal with some of the more prevalent cons:

Sham Bitcoin Exchanges

Bitcoin exchanges are utilized as a way of purchasing bitcoin. Users exchange traditional currency for cryptocurrency. Most fraudulent exchanges will begin the process as any exchange would.

They request the individuals to pay a certain amount of money to receive bitcoin in return. However, once the money is transferred there is no bitcoin sent to their wallets.

In most instances, you will be unable to contact these exchanges once the transaction has been made. One of the ways that these exchanges lure customers in is by claiming to have lower credit card processing rates than other exchanges.

See here how you can make money with bitcoin.

Fake Bitcoin Wallets

This is actually a scam that is relatively easy to create. This is because there are so many wallets available on the market, it can be difficult to determine which ones are real and which ones are fake. Some scammers go the extra mile and create wallets that are very similar to popular or well-known ones. Once the bitcoin is entered into the wallet, it is stolen.

Bitcoin Investment Fraud

The problem with bitcoin investment schemes is that you don’t know that you have been swindled until it is too late. These types of scams are very similar to that of a Ponzi scheme. Initially, you invest funds in an investment service.

In the beginning, you will begin to see small return on investment. What’s happening here, however, is that these aren’t profits at all. Instead, the scammers are taking money from the newer investors and giving it to the older investors. Eventually these payments will stop. You will also be unable to withdraw your funds as they have already been transferred elsewhere.

On a similar note, there are also multi-level marketing scams. These promise to reward current customers if they successfully manage to refer their scheme. These types of scams also have an initial payout but this too is from the money brought in by new investors.

False Cloud Mining Services

Some people prefer to mine bitcoin instead of buying it outright. The mining equipment, however, is quite expensive which is why many people join pools. Here, they combine their resources to purchase this equipment so that they can begin mining. Typically, once you have “bought” the equipment, you don’t see any results. Sometimes, the perpetrators may offer low profits before then disappearing with the funds.

Phishing Scams

These can take different shapes and forms. The main goal with these is to get you to go to a fraudulent website. You can be led there by emails claiming you have won something or offering you a business opportunity. In many instances, the websites may sound or appear to be ones that you are familiar with. Once there, they may trick you into handing over your information about your bitcoin wallet and then draining it.

How to Avoid Bitcoin Scams

As you may noticed, some of these scams are quite subtle and often lead you on for quite a while. Therefore, it can be difficult to determine which opportunity is a scam and which one is not.

The best thing that you can do is to always stick with exchanges and institutions that you can verify and that have been established. For instance, if you want to buy or exchange bitcoin, make sure to only do business with agencies that are well-known. Or, use reputable binary options brokers to trade bitcoin so that you can be certain about receiving what you have traded for.

You should also never believe claims that seem too good to be true. For example, suspiciously low exchange rates, free services, and similar tactics are all considered to be red flags. You should refrain from doing business over social media platforms or any sites that may seem unsecure.

Since cryptocurrency is largely not monitored by the company, it is important to avoid these bitcoin scams. If you do lose money or bitcoin due to these schemes, it is quite likely that you will not receive any compensation.

How to Make Money with Bitcoin

make money with bitcoinOne of the main reasons to get involved in bitcoin is so that you can make money from the cryptocurrency. Although bitcoin is gaining in popularity, there are still only a few ways to make a real profit.

Here are some of the avenues that you have at your disposal with bitcoin:

1) Mining for Bitcoin

Bitcoin mining is the original way of earning bitcoin. The bitcoin mining process is where recent transactions are compiled into blocks. It also involves essentially solving a very complicated computational puzzle.

Through this method, the first person to solve the puzzle receives bitcoin in return. Bitcoin mining is a surefire way to earn bitcoin. At the same time, it is an expensive and complex process that requires highly specialized equipment.

By joining a mining pool, you can reduce some of the cost involved although the bitcoin that you receive is also shared. Mining is also losing favor as the process is becoming more popular at an organizational level rather than for independent miners.

2) Buying and Holding Bitcoin

Then you can treat bitcoin much as you would forex trading. Here, you buy bitcoin when it is at a lower value. You then wait for the price to increase and sell it to make a profit. This is actually a viable option for a couple of reasons. First, recent spikes in the value of bitcoin have made it quite valuable. Then there is the other fact that there is a limited number of bitcoin available to be mined. The total amount of bitcoin that can ever be in existence is 21 million.

It is estimated that by next year, 80 percent of this supply will not only have been mined but also be in circulation. Now, it can be difficult to predict what will happen since bitcoin doesn’t necessarily behave or perform the same way as regular currency. Nonetheless, there is a good chance that there will be an increase in demand as fewer number of bitcoin are made available. This will automatically drive the price up.

3) Binary Options Trading with Bitcoin

The other form of trading that you engage in with bitcoin is binary options trading. The brokers that do deal with bitcoin typically give you one of two options. You can deposit bitcoin into your account and use it to place trades on any asset with. If the trade that you have invested in ends up in the money, your original investment, inflated by the payout rate will be paid back to you in bitcoin.

The other choice that you have is to use bitcoin as a trading asset. This means that you will have to depend whether the price of bitcoin is going to increase or decrease within a certain period of time. If you are right about the price movement, you win that trade and receive a greater number of bitcoin.

4) Set up a Bitcoin Faucet

Most people that get started with bitcoin have visited at least one bitcoin faucet. These are websites that give people minute portions of bitcoin for playing a game or completing some small task. A great way to make money would be to start your own faucet.

Yes, you will be required to part with small amounts of bitcoin. However, advertisers use these types of faucets to place their ads or run videos. They will pay you for the privilege. This means that you will have to give up a lot less than you have to give in.

5) Get Bitcoin as an Income

If you want to earn bitcoin as a regular income, this could be managed as well. You just need to find a job that will pay you in bitcoin. It can be quite difficult to find a full-time job in a traditional industry that will give you your salary in cryptocurrency. In fact, there are only a handful of companies around the world that even offer this as an option.

However, there are many bitcoin-related sites and forums that do post part-time or freelance jobs that pay in bitcoin. Therefore, engaging in these activities means that you will have a steady flow of bitcoin.

These are some of the ways that you can make money with bitcoin. They each come with their own advantages and disadvantages so you will need to decide which one is right for your requirements and skill level.

Can a Beginner Make Money with Forex

Many people get started with forex trading for the wrong reason. They believe that is a way for them to get rich quick. As with any legitimate trading avenue, however, this is not the case. The short answer to whether a beginner can make money with forex would be ‎‎‎‎‘yes’.

This doesn’t mean that every new trader will make money or that it will be an easy process. Forex is an industry that is advantageous to individuals who understand the specifics and inner workings of it. On that note, let’s take a look at what it takes for a beginner trader to make money with forex:

1) Mastering the Basics of Forex Trading

To be a good forex trader, you first need to equip yourself with the necessary tools. Here is what you need to know about the fundamentals of forex trading:

A Good Broker Is Essential

The key to starting off with an advantage is to choose the broker that is right for you. It is best to stick with a broker that is licensed by the Futures Commission Merchant and regulated by the Commodity Futures Trading Commission. Depending on where you live, you may need to find a broker that is affiliated with an authoritative agency that pertinent to the region.

The other thing to consider when looking for a broker is low spreads. Spreads are the difference between the purchase price and selling price of the currency. They are calculated as pips. In certain trading industries, brokers make their money via commissions. With forex, however, the brokers rely on spreads.

Due to the fractional price deviations with forex trading, traders need their brokers to offer them leverage. You should decide on a broker that gives you the option of either low or high leverage. Depending on the situation, you may need to make use of either of these.

Many brokers need to borrow large sums of money to equip their traders with leverage. They acquire these loans from banks and other large lending organizations. You should look for brokers that are backed by reputable banks to minimize fallout in the future.

Adopting a Strategy

The strategies in forex trading are based on either fundamental analysis or technical analysis. Fundamental analysis typically depends on news reports regarding the various factors impacting currency. Technical analysis, on the other hand, is about identifying the various price trends in the market. Traders can choose to use a strategy that consists solely of these types of analysis or they use one that is a combination of the two. In the end, it is about finding and using a strategy that is in accordance with your trading style.

2) How Beginners Can Make Money with Forex

Now that you know what is needed, how can you make money with forex as a beginner? Here are a few guidelines:

Start with a Demo Account

Most brokers offer traders the opportunity to use a demo account, at least for a limited period of time. A demo account lets you make practice trades without actually investing any real money. This helps you to learn how trades are made and also gives you an opportunity to test out your strategy. All of this prepares you to make your first trade and improves the chance of you being successful.

Do Research

When you don’t have experience at your disposal, you need to utilize the next best thing: knowledge. Fortunately, the forex market has been well researched along with the many strategies that you can use. Reading books, joining forums, and asking questions are all essential to learning how to trade better. It will give you a better idea of just how this form of trading works.

Trade with the Trend

When you are just getting started, your greatest advantage will be to trade with the trend. Trading against the trade could offer better profits but tends to be a riskier option. This is why you should follow the trend unless you have strong evidence to go against it.

3) Forex Trading Mistakes to Avoid

One of the reasons that beginner traders tend to fail is because they make too many mistakes and are unable to recover from them. Here are some of the common ones to avoid:

  • Not being patient and playing the long game when necessary
  • Making too-large trades
  • Letting emotion cloud your trades
  • Focusing on making profit rather than preventing losses
  • Trying to get rich quick

A beginner can make money with forex but you need to understand that it is not simple. It requires study, effort, and most important of all, patience. Only then will you begin to make profits.

Trading Against the Trend

There is a popular saying that is preached to most new traders: the trend is your friend. This means that if you are able to identifying a discernible pattern in the direction of price movement, stick with it.

This is because, to a certain degree of accuracy, you are able to place a trade that has a higher chance of ending up in the money. Then, there is another form of trading – trading against the trend. This is the exact opposite of following the trend.

Instead, traders choose to go in the opposite direction of a pattern that is emerging. Let’s take a closer look at trading against the trend and what you need to know about it:

It is a Risky Business

Perhaps the first thing that you should know about trading against the trend is that it is not for the faint of heart. This is because there is a larger amount of risk involved in this type of trading. When you decide to trade with the trend, you are afforded a certain amount of security.

Going against the trend, however, there aren’t the same luxuries. This is why it is best if only more seasoned traders partake in such a venture. If you are going to have a higher degree of precision with such trades, you will need to be well versed in reading the markets.

If not, there is a higher chance of you making a mistake, misreading the situation, and losing all of your money. In most instances, trading against the trend involves a lot of skill and at least a little bit of luck.

Don’t Make It a Habit

There are cowboy traders who swear by only going against the trend. Now, there may be individuals who have found a great deal of success by doing this but it is not often the case. Due to the higher risk involved, it is not advised to only trade against the trend.

However, this does not mean that you should not take full advantage of the opportunities that may present itself when a trend is about to reverse upon itself. Trading against the trend should be seen as an additional tool to be used when the market conditions look right. It should be done occasionally so that you are able to exert some flexibility on your trading style and make a profit in an unlikely situation.

There Should Always Be a Reason

Following up with the point made above, you should never bet against the trade simply for the sake of it. Instead, every time that you decide to do such a thing, there should be excellent reasoning behind it. Mainly you should be able to prove – with relative certainty – that the trend will be reversing soon.

This means that you cannot rely upon fundamental analysis alone for such a situation. Despite what the news may say or what events may be taking place, you will need to quantify your theories. You will need to consult the trading charts to see if your assumption can be supported. For instance, you can use the head and shoulders pattern as well as its inverse to see if such a situation may be upon you.

A situation that you should make a point of avoiding is going against the trend simply because the market appears to be oversold or overbought. Such market conditions are tricky and often aren’t good enough indicators by themselves. Therefore, they can easily result in false trading assumptions.

This what you need to know regarding trading against the trend. Why you should not avoid it completely, know that it should be undertaken only under very specific conditions.