Big changes to binary options during summer holidays

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News: Big changes to binary options during summer holidays

The world of binary options has been pretty unstable in the recent months. As many of you may know, we publish the most important information in our news. In fact, the number of changes that have happened over the past few weeks is so big that we have prepared this summarizing article. So keep on reading!

Changes in IQ Option

Types of options currently offered by IQ Option

As far as we know, IQ Option is doing quite well with all the regulations. Some time ago, IQ Option went so far that it stopped accepting Russian traders because the license did not allow them so. Since Russians represented most of their traders, it was a major change.

Complying with all regulatory measures makes IQ Option a good broker that will certainly do the best to retain its leading position in the market.

In the light of the above, IQ Option quickly responded to the recent ban on iOS applications. Apple had decided to ban all applications enabling trading binary options. This means that you will never download any such apps to your iPhone or iPad. A few weeks after the ban, IQ Option came up with a new offer – an application for FOREX trading, (not binary options).

I think that soon the broker will start offering Forex trading through their web platform as well. Right now IQ Option enables trading of the following types of options: high-low, digital, classic, bitcoin and other cryptocurrencies. I feel that Forex is coming soon. Talking about Forex, there is one more recent event worth mentioning.

From now on, 24Option will only be a forex broker!

If you are interested in binary options you must have heard this news. It is true, indeed. 24Option quits binary options trading! Since recently, this broker allowed purely CFD (forex).

We informed of this news early this year (see the end of this article.) The biggest companies allowing trading binary options are closing down their business one after another, which is very interesting. This plays in favor of two types o companies: small non-regulated brokers (that may get more market share) and large companies (including brokers like IQ Option or High Low).

Read full review of IQ Option broker

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Payout: Up to 100 % !*
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RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Author

More about the author J. Pro

Unlike Stephen (the other author) I have been thinking mainly about online business lately. I wasn’t very successfull with dropshipping on Amazon and other ways of making money online, and I’d only earn a few hundreds of dollars in years. But then binary options caught my attention with it’s simplicity. Now I’m glad it did because it really is worth it. More posts by this author

News: Summer changes in binary options

The recent tightening of regulations of binary options has become a reality. Is this trend good or bad? In today’s article we will explore a few changes that have taken place in the recent weeks. So, stay tuned.

Let’s start with the breaking news (…which, to be honest, surprised me).

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  • Binomo
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Apple bans binary options!

A change worth mentioning is the ban imposed by Apple on trading binary options. Starting from this month you will not be allowed to download any app offering binary options trading onto your iPhone or iPad (Source: Finance magnates)

Interesting change, isn’t it?

Apple defends the step by receiving complaints from its clients arguing that the apps generate fraud tarnishing Apple’s reputation.

In my opinion, the story was as folows: Someone suffers a loss (for which he or she is responsible themselves, of course) and trying to save the rest of the money calls Apple to report fraud caused by an application. This is just „grasping at a straw“ as you could say. Naturally, it is not the application to have caused the fraud. Having irritated customers for virtually nothing (as in the case of Apple) it is suddenly a problem.

If I were in Apple’s shoes I only would ban applications offered by non-regulated brokers leaving the rest as it is. But that’s up to them.

What do you think of it? Based on my personal experience, I have never had any problems with the IQ Option app on my iPhone.

24Option comes with a new platform and products

A few months back, we heard the news about 24option coming up with a new platform. Until recently, the new platform had not been accessible to the public. A few days back this changed. The platform is now available on-line offering a number of promising changes. Let’s spend some time on it:

  • 1) New platform design
    – I must admit that the previous platform was awful. Comparing the platform with the one offered by IQ Option was like day and night. The difference between the old and the new platform is not so big, but the changes are obvious. I think that the new platform is a bit faster and opening trades is smoother, surely an important change for the better.
  • 2) Offer of spread options
    – I am sure that a lot of you guys are familiar with the term spread options (more details) offered by brokers high-low and ETX Capital. Simply, these are options with 100% evaluation put in a position somewhat less advantageous for the trader (…as the strike price of these options is a few pips in the disfavor of the broker). This type of options is now on the 24 option’s portfolio.
  • 3)Planned opening of trade
    – The new function of planning trades is something I like indeed. Thanks to this feature you can set e.g. that once the price hits your support or resistance line, a trade will open for 5 minutes in the direction of the rebound from this line. Or vice versa, if the price gets beyond the (support/resistance) line the trade will open in the direction of crossing the line.
  • 4) CFD Trading
    – 24Option newly offers CFD Trading. This means that from now on, next to binary options you can do CFD (forex) trading. What are the differences of this type of trading? For more details read: Binary options vs Forex. In my opinion, this is a logical change because when you look at areas under the focus of regulation it is a clever move from a broker to put such a service on the portfolio. I guess that within next 6 months more companies such as IQ Option and all other brokers with the Spot Option platform will follow the suit.

The new layout of platform from 24option: Notice the availability of 100% payout on the left.

I like the fact that regulators act. Noticing new things, they strive to protect investors. Nevertheless, in my opinion they do it the other way round. Instead of complicating the very business of trading their ban should be imposed purely on the trading with non-regulated brokers. This is the core of the problem in this business.

We will see what next changes they will come up with…

Author

More about the author Step

I’ve wanted to build a business of some kind and earn money since I was in middle school. I wasn’t very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author

Trading Smart Options in the Summer

Summer is for “S” and “R” Many have a more difficult time trading during the summer with their binary option strategies. This mainly is because the summer prices tend to trend for larger support and resistance levels. Example fox binary signals, who use a 10 min expiry for their high quality signals will often be in drawdown during the summer. This because even on overbought/oversold short term conditions the lack of volume will push the prices to larger time frame points, this making shorter term strategies kaput. That goes for even the best of traders btw, so it is not just short term traders that find summer difficult, even those who use good binary options directional analysis or binary options greeks to trade will suffer with the low volume trading. In the video below I demonstrate the key higher timeframe double binary option levels to visualize. This is not a bunch of “binary options trading secrets.” This is simply what most often happens during the summer and how you can learn to trade what the chart tells you, or how to avoid a binary options pricing model not in your favor.

one-touch binary option trades during summer? If you heard me talk about that in this video I will in the future give you live demonstrations of this in action. There are many binary options strategies you can apply for summer time trading, of which will increase your chances of success. Most think you that binary options currency trading is is one size fits all and what works during the winter should work during the summer. This is so not true, as an example trading binary options you will notice in the video above how I focus on larger time frames, in both support and resistance levels that are extremely important for reversals, during this seasonally low interest driven time period. Also this is not about your binary options broker list of which one is best to trade with. Some complain more often during the summer how they feel their binary options scam broker ripped them off. If you notice more discrepancy with pricing, ahhhh this is due to the low volume. Yes some binary options brokers will take advantage of this by creating larger spreads and you can find this even on “Nadex” who is a binary options exchange! Again all due to the low volume summertime seasonality. This can happen on any binary options platform. So you are not special or singled out, in this often negative fill environment as I call it.

So why does this happen during summer to make betting on binary options so difficult? Why does my binary options delta drop so hard? Even my binary options signal replication has difficulty. All questions you might be asking yourself. So let’s go over some key points to trade binary options in the summer.

• Focus on larger support/resistance levels on higher timeframes. If you notice in my charts they are all 15 mins to 4H in length and this even for trading short term is very key. Because I am focused on entries above or below key S/R levels to get my binary option value on entry correct.

• BE PATIENT. Above all else the binary option formula I like to follow is patience! Many will rush trades and apply a martingale binary options method because of the low volume. Thus causing themselves disaster as they watch their accounts balance vanish in the waterfall of one way pricing. Hence why using even more patience during the summers often lack luster trading is very key. For most this is hard and if you find it so, well go to the beach instead, that is good summertime advice lol!

• Trade LESS! If you see less price activity overall, why would you trade more to compensate? This is a key newbie mistake of trying to trade for effect instead of accepting what the market is willing to give and how it is being priced. Market behavior is key to align with. If slow you trade slow. If fast you trade fast. Be water my friend as bruce lee says. A binary option example of this will be in the video where you see the larger hour to 4 hour charts for levels. So take a moment and think how you are trading vs how the market is trading…

• The average online binary option trading brokers are most profitable trade for trade during winter and summer, so ask yourself why, also ask if you are the one giving them extra profits during this time?! If you are unable to get your binary option gamma to make sense on entries well then … STOP TRADING.

• Use ALTERNATE trading methods – I like to use a double binary option hedge often during summer and even one-touch binary option methods. I even notice people advertising free forex binary option trading signals using these methods in summer which is funny due to them being far more complex to relay real time to their binary option trading partners. the average fx binary option broker will not always have these options available during summer as well, so keep that in mind. Win rates go up using them and broker profits go down, so they simply take them away blaming the low volatility.

So as we head into the dog days of summer, let’s not get BURNED! Does not matter if you are into binary option signal replication or just trade for yourself. Take your time see if what I point out above makes sense. As you watch your favorite binary options chart, watch how the prices act in both time and price. The goal again is to be consistent and profitable overtime. Sometimes we have to adjust our trading to what the market does more than what we want from the market. In binary option currency trading our goal is to make money and stay on this objective always. Don’t let the market beat you by you trying to beat it! Grab your sunscreen and enjoy the heat! After all SummeR is for S&R.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

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