In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.Peter Lynch
Binary Trader is our new and user-friendly trading platform for trading Forex and other financial markets. This fast-paced, single trader platform tests your judgment, and nerve, of market fluctuations.
It is based on the popular Binary Options trading model, but has a twist of our own way of thinking built into it. The result is a unique, fast and fun trade environment that finally every one can trade and profit from.
To begin trading simply choose an amount you wish to trade with from your balance. Then decide whether you think the price will be higher or lower from entry position and the trade will start automatically! That’s it. Just sit back and let your emotions ride up and down depending on where the price is going. At the end your win or loss will be displayed.
It is a simple yet exciting platform where trusting your judgment of market volatility is everything! Get the decision right and you get up to a 82% return on your investment.
But more importantly, this platform also helps you to understand patterns of fluctuation and volatility in the Forex market, which is a critical judgment-skill to master in order to limit losses and optimize winning trades.
This quote refers to the slow and plodding nature with which markets often go up, whereas when prices decline, they tend to do it in a much faster and abrupt manner. This is a true description of the super-fast and very liquid market.
It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.George Soros
Head to Head is a match where you trade against an opponent in real time. To start, either accept a challenge being offered by an opponent or suggest a different stake. You will get an automatic alert when an opponent challenges you. Or, choose an amount you wish to trade with and post a challenge to our online Members. Then wait for someone to either accept or suggest a counter challenge.
Once a challenge is accepted by two traders, each will get 1,000 virtual money to trade with and the challenge can begin. The challenge is a 3-minute trade-off on a live Forex market feed. You can choose and change the currency pairs you wish to trade throughout the duration of the challenge. And you can trade multiple pairs at the same time.
The idea is to bank maximum profits and cut minimum losses by opening and closing your trades depending on your trading preferences. And, you don’t have to have prior experience to do it. The more you trade the better you will become. The trader with the highest balance after 3 minutes of trading wins the challenge and earns a 90% return on their investment.
For example, if a €100 is agreed, then the winner gets €190 at the end of the 3-minute Head-to-Head Session.
After the challenge is over each opponent can see each other’s trades. That way, both winner and losers can see each other strategies and learn from the experience and trade better next time. In this duel you can even get some trading decisions wrong and still come out as the winner… simply by losing fewer trades than your opponent. With the right amount of practice you can perfect the art of successful and profitable trading.
Allowing a winning position to continue making profits while taking losses quickly can make up a solid trading strategy in itself, and it is a key element of just about any good money management plan.
Many successful traders apply this as a trading rule in their trading plans in one form or another, perhaps by having a minimum risk reward ratio where the anticipated reward on a trade is always greater than the risk taken.
What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.William O'Neil
Trade Contest is an exciting new way to trade and gives you even more ways to gain high profits. It is a contest between many traders where each trader trades against the markets but competes their results against others.
The aim is to use your trading skills to record the best profits you can with your virtual cash. You can employ strategies to follow market trends, up or down, or scalp the markets with fast trades to make profits.
Traders with best results share a Prize Pool at the end of each Contest, which is accumulated from a Contest Entry Fee paid by all contestants. There are many ways to win, see the Prize Pool Earnings Table below.
TradeFight.com will set up contests that run for hours, days or even weeks. And in each contest you can make multiple entries to win multiple prizes. It all depends on how many entries you make per Contest and how much profit you make per each session!
There are helpful functions built in to the Trade Contest that help your progress, for example you can check the Results list to see the performance and full trading statements of other traders, so you can work out your trade plan to beat them before you start trading.
When the Contest ends you will be notified of your winnings and your account will automatically be credited with your prize money.