A Review of 99Binary & Copy-Trading

99Binary does have some weaknesses, just as is the case with other brokers. However, its trading platform is not among them. We traded the platform for slightly under five weeks prior to closing out our account in order to test their efficiency and withdrawal procedures. Over the course of those 5 weeks, we grew to quite like this trading platform together with its features. This was even before its new and awesome copy-trading feature was introduced. This article  is a very detailed, but also quite positive 99binary review.

The platform has a clean, nice look as well as simple operation. In the course of out stay here, we never experienced an issue with the easy-to-use platform, and we found it to be reliable and fast. It is also equipped with quite great features in addition to its solid foundation, such as copy-trading. Also on offer is the 'Boundary' option contrast that is rarely seen, together with one-touch options that can be traded when markets are open as opposed to during the weekends only. A flip side to this is that during weekends, there are no weekly trading involving one-touch options. This is probably the only likely drawback of the platform but maybe they will add them in the future.

This 99binary review also includes the new copy-trading feature that the platform is exclusively offering from 30th January this year. The feature enables any trader to make a profit from the trading of another 99Binary trader that is successful. A 99Binary client can access the recent and anonymous trading history information of another person trading on the system. He or she can browse through the data and click on copy if they like someone's trading strategy or history. By clicking on 'copy', a new trade window opens up and gives the trader an option to either follow along or copy the person's trade. The copy-trading idea is quite a cool feature and is already popular with traders dealing with other classes of assets like Forex or traditional options.   It is probably at the moment the biggest 'selling point' in 99binary's favor. Other brokers are fully expected to eventually follow their lead on this platform.

99binary review of customer service and education is another strong area for the platform, maybe the strongest. This is because when considering binary options strategy resources and educational materials, 99binary could be the best in the industry. This can be quite of a surprise given that it is a fact that is seldom advertised and thus can easily be missed.

A Short 60 Second Binary Options Trading Overview

There are many types of options trading. For instance, there is the 60 second binary options trading. A binary option is simply a trade that closes after a specified interval. This means that traders can choose the time they would like their trades to automatically close.

This type of trading provides traders with the shortest trading strategy. All they need to do is predict the movement of prices in exactly 60 seconds.

When trading in stocks, traders must first examine the most recent stock price data and make an informed prediction. Depending on whether the trader thinks prices will go up or down within the minute, a call or put option can be made.

The frequency of trades is very high because of the short time frame of these transactions. Therefore, traders have to make key decisions on price direction very quickly, usually within a few seconds.

Since the binary trading strategy occurs at very high speeds, traders should get proper training before venturing into this type of business. Opening a demo account and trading in virtual currency is the best way to learn about this type of trading.

Beginners can learn about a variety of trading scenarios. Furthermore, the demo account can be extremely helpful in teaching a person how to make effective trading decisions in just a few seconds.

A person should only venture into binary trading after getting used to the trading environment and developing an effective trading strategy through the use of a demo account. This type of account can be used for as little as one week or as long as several months depending on the user. There are people who can outgrow a demo account in a mater of days, while others need several weeks.

Any trader who uses a demo account before opening an actual trading account has a better chance of succeeding than those who don't. An important point to note is that this trading strategy is risky, just like other forms of trading. Therefore, a person should get the necessary education and training to minimize this risk.

A Brief Look At A New Broker For A New Year

To kick off 2014 we thought we would take a look at a new broker. New both in the sense that we have never reviewed or examined them before, and also in the sense that they are a fairly new broker hitting the binary options scene. That broker would be Redwood Options.

Redwood Options has been brought to us by the same firm that gave us TradeRush, one of the most popular and successful broker operating in this market, so we had high expectations for Redwood going into this review. Luckily for Redwood they didn't disappoint us for the most part. Their trading platform is really very similar to that of TradeRush so while there obviously isn't much originality there, it isn't needed. TradeRush gets things right and is highly popular with traders worldwide so why deviate too far from what works?

The Redwood Options trading platform does a great job of integrating all the best features of the top binary options brokers in the business while leaving most of the "junk" behind. This leaves the platform clean, simple and professional looking and with a very intuitive site navigation structure. Everything of any importance is no more than a couple clicks away.

Redwood also offers an impressive lineup of educational resources, as well as up-to-date market commentary and analysis to help you keep your finger on the pulse of the markets. From a wide range of article on binary options trading and strategy, to video courses one-on-one account manager guidance for more substantial clients. Overall they have one of the better selections of learning resources among binary options brokers and this makes them a great choice for those who may be new or just starting out in binary options trading.

Redwood also offers the highest available return rates of any binary options broker out there on their 60-second binary options. These option contracts can have payouts up to a whopping 81 percent at Redwood! Nobody that we know of can beat that at this time. Overall we think Redwood is a win and that you would be hard-pressed to find a better binary options broker anywhere, especially for US and English-speaking traders (Redwood is currently only available in English. Though they are working on changing that in the future). Since we have not yet actually had a chance to open an account and trade with Redwood we cannot write as detailed a review as we would like to right now. Luckily for us our friends over at BOTSchool have done just that, opening an account and trading with them for a month to try out their service and report on what they found. Here is a link to their much more detailed and in-depth Redwood Options review.

There are also some other pretty good and detailed reviews out there besides the one linked to above but that was the most recent one we could find and it should have all the important information you might be looking for. If the review above doesn't answer all your questions then a simple google search for "redwood options review" will bring up several more reputable sources which you can peruse for the information you need. We hope you found this post useful and, as always, good luck in all your trading activities!