Many people attribute binary options trading as a betting of sorts because a trader has to trade only between two variables; the rise or the fall of a certain market or Forex. For some, however, this is an easy way of trading and often yields in substantial profits for traders. But no matter how simple it may look like, binary options trading is not for beginners and definitely will not work for people with zero experience with index trading. This is where Mark Tencaten and his team of professional market analysis experts come into the picture.
Mark’s team created an effective strategy to significantly win in binary options trading. By instituting a combination of variable trading timeframes and using market alerts that help traders put in the right trades, create a high probability of winning. The market alerts are basically predictions of whether a particular market or Forex is rising or falling for a given period. When the prediction of a market or Forex is to fall for a certain period, trading in that direction will result in a win if the market indeed falls within that certain period. These predictions are based on expert analysis of market experts around the world. To maximize profits, the team also trades on different foreign exchanges as another strategy. So within the day, there will be more than 10 trades per day getting traders the most out of the usual trading results.
An interview with Mark Tencaten gave us an overview of how he managed to win with binary options trading and what his ideas regarding its future in the index trading world.
We asked about his views on the current issues surrounding binary options trading and how to deal with the fake traders. His views circles around regulations. Binary Options is a legitimate trading and there is a small number of companies that engage unacceptable practices that somehow affects the image of the industry negatively. He pointed to some operations in Israel that lures people into engaging with certain brokers, getting their money and eventually leaving. These kinds of practices do not necessarily reflect the reality about binary options trading.
“I am a little bit appalled knowing that a small number of illegal companies that lured people into investing in binary made a huge negative connotation to the industry. I think the problem here was more on the regulation pertaining to the operation of these fake companies rather than the industry as a whole. Otherwise, if we single out binary options, then it is better that we also include other markets trading,” Tencaten wrote in an email.
He reiterated that binary options trading is not for newbies. Skills are needed to win in this and it would also require a self-assessment of the level of risk the traders can trade. Additionally, the market alerts are there as a guide but cannot be solely depended upon. Traders, especially the self-managed ones, should be able to learn and know how the commodities they are trading on behave within the market and at a given period.
Lastly, a good exit strategy will shield a trader from losing so much. Normally, trades can start at the minimum of 10% of the value the traders’ total daily trading money. This limit serves as a safeguard during the trading day and also guarantees of multiple trades within the day. They should also mind the Stop Loss – Stop Profit percentages as this will help them with automatically end trading once the set percentages are met.
In the end, the success of traders in binary options really depend on several factors. But if you get yourself abreast of the techniques and keep yourself connected with people such as Mark’s team, you will get to have more edge over everyone else.
George Foerstel is a Human Resource officer for a large company. He has worked for several companies and has gained a vast amount of information regarding personalities in different industries and other subjects. He resides in New York, New York presently and focuses on sharing his knowledge with other people through writing.