Binary options trading has become a very popular online means for investors to turn a profit in a relatively short period of time. However, this can be a rather convoluted field and there are literally hundreds of different brokers on the market. It is therefore increasingly difficult to know where to begin and how to appreciate which portals are better than others. A website known simply as “Which Binary Options” has begun to address these two areas. Let us take a look at how this website is presented, some of its features and why it can be a very useful tool for both novice and experienced investors.
Binary Options Explained Easily
We should first realise that this website is NOT intended to be used as a trading portal. In other words, investors cannot open up an account and begin binary trading here. It is rather a centralised platform for all of the latest news, tips and reviews of the top sites in the industry. Some may even choose to bookmark the page and return to it on a regular basis, for it is frequently updated.
Categories within Which Binary Options
The site itself is quite easy to navigate and there are several categories found on the top of the page. Hovering over each uncovers a drop-down menu with further subcategories. Some of the metrics covered include:
- Reviews of the top binary options brokers.
- An examination of common binary options trading tools.
- A financial calendar.
- The history of binary options.
- Current bonuses that are available through certain portals.
Users can quickly determine which platforms are the best while simultaneously keeping abreast of all of the latest investment news.
The Reviews Themselves
Some of the companies which are reviewed include Banc de Binary, EZTrader, Binary.com and ETX Capital. Any investor will quickly observe that these names are a handful of the best in the business. In-depth analyses take into account such variables as the type of software utilised, the trading platform itself, the end-user experience and the levels of customer support. Each analysis is structured in the very same way, so appreciating the information presented is simple.
Other Useful Tools
As mentioned previously, Which Binary Options also doubles as a useful resource for those who may be new to the industry. There is a handy glossary which explains all of the most common terms; essential in to develop a successful strategy. Some other areas covered within the “how-to” section include:
- A look at put and call options.
- The benefits of technical analyses.
- How demonstration accounts function.
- The role that Forex trades play within binary options.
Although there is no doubt that novices will find this information useful, even seasoned investors can make use of such a handy glossary.
Anyone who desires to have binary options explained in a quick and concise manner should certainly keep in mind the advantages that this website has to offer. As it is easy to navigate since and the sheer volume of data is impressive, becoming a successful trader has never been easier.