Hello and welcome to another of my trading and investing sites which I hope will help you to understand the relatively new and exciting concept of binary betting, and how you can use it within your existing trading strategies. My name is Anna and having been involved in trading and investing for over fifteen years, I now trade currency and commodities full time for a living.
Binary betting is a relatively new methodology for trading in the financial markets, and has really only been available across a broad spread of instruments in the last 2-3 years. It is gaining in popularity for reasons which I hope will become clear shortly. For those of you familiar with fixed odds betting, and also spread betting, binary betting provides a bridge between the two worlds. In a sense it is a composite of the two trading strategies, offering the advantages of the flexibility of one, combined with the defined risk profile of the other. If you would like to understand a little more about fixed odds trading, then please follow the above link, which explains this trading strategy in detail. If I were asked where I feel this trading methodology is in terms of risk, and what I would recommend to new traders, then I would suggest starting in fixed odds, then move to binary betting, and finally to spread betting – a three stage process. Many new traders are attracted straight into spread betting, in much the same way as to the retail forex market, simply because it is easy to start with a small amount of capital. Sadly, many of these traders have little or no understanding of leverage or margin, and with little experience and insufficient trading capital, are soon wiped out. The key to becoming a successful trader, is to understand the importance of preservation of capital by using sound money, and risk management. Lose all your trading capital and you are out of the game. This is where binary betting comes into it’s own, as being based on fixed odds betting, the downside risk of any trade is always known before the position is opened. In other words, the risk is managed for you! On the site you will fine several pages which explain the concepts of how binary trading works, along with some worked examples. In addition we have also added a variety of trading information and live feeds which I hope you will find useful which include live currency charts, choosing an fx broker, an economic calendar for all the key fundamental news, as well as a live news feed for the latest information. In addition we have recently added live index charts, stock charts for many blue chip companies from around the world, and live commodity charts. Finally, we have also included a national holiday calendar for the year so that you can quickly see which markets are closed on any day throughout the world.
