About the only complaint I have about ExpertOption is the customer service, which struck me as standoffish and possibly a bit slothful. There are many ways to get in touch with the company—and that is a good thing.

You can access an agent via telephone, live chat, email, web form and paper mail. There are even separate email addresses and telephone numbers for different languages, which is very impressive. When I got on live chat to ask a few very simple questions, I was greeted immediately by an agent.

But I am reviewing the site for international traders, and I have a few more things to ask. I asked my questions, and he told me to email them. He then offered contradictorily to answer any further questions I might have. So I repeated the questions, and was again told to email. To give him the benefit of a doubt, I can understand why a broker which does not take USA traders might react aggressively to someone with a USA IP address.

That being said, I found it quite unreasonable he could not take five minutes to answer some basic questions. I was able to find those answers myself by hunting around on the site, which means he should have been able to answer them with ease. Instead, he decided to force me to spend ten extra minutes searching around. I am not sure what that accomplished, except to save him the trouble of looking them himself. ExpertOption is an intriguing broker for traders outside the USA. Aside from the rather unapproachable customer service agent, ExpertOption impressed me.

This site has a lot going for it: a totally free and unlimited demo account, no withdrawal fees, support in multiple languages, and a low minimum trade size. They are regulated, and on top of that, the site is well-designed and the proprietary platform works well. If you are not in the USA, you may want to consider this broker.

ExpertOption Rating: 8. Visit Site. No Traders' Reviews Yet Comments are closed. Binary Trading. Saint Vincent and the Grenadines. Day traders aim to find the smallest opportunities in the market and exploit them. Swing trading works similar to day trading except the fact that the trade duration is not limited to one day.

It may last anywhere from two-six days depending on how long the trend lasts. If it is an uptrend, traders would buy a call option and if there a downtrend, traders would buy a put option.

Who should go for it? Traders who can analyze trends well, and can identify support and resistance levels early. Scalping is the shortest form of trading among all styles of trading. It is even shorter than day trading. Many experts argue scalping and binary options go hand in hand as binary options are generally traded with short expiry times.

Scalpers make multiple trades per day with the hope that the small profits add up considerably at the end of day. Scalpers perform technical analysis mostly. They generally avoid fundamental analysis except in cases where there is a major announcement of a company that would cause a huge price fluctuation.

Scalpers use the smallest time-frames such as a five second chart to observe the smallest price deviations. Traders who are willing to undertake risks making hundreds of trades per day. Trend traders are long term traders that open positions lasting a series of uptrend or downtrends. They open positions with the belief that trends will continue to go in that particular direction resulting in larger profits.

Such trades may last for a few months or even a few years. Traders with immense patience and confidence that their trend should continue. Position trading is the exact opposite of scalping. Where scalpers capitalize on the smallest price fluctuations, position traders ignore such minor changes and focus on the long term price movement. Their positions usually last for a few years where both fundamental and technical analysis is involved.

Now that you know the different styles of trading and which is one suitable for whom, you know to pick your own trading style. By now we have established that maintain your own trading style is quite important to achieve success in trading. Other than your concept on binary options must be concrete. Read our definitive guide on binary options and learn all the features of binary trading.

We can now move to the next phase of becoming an expert binary options trader while maintaining our own unique way of trading:. Pick your trading style based on your strengths and weaknesses. If you are a scalper, it would be counter-productive to trade with a long time-frame.

You also need the right mindset to go with your trading. If you were a position trader, you would need to think long term and develop the patience to hold on to your position. This would result in you developing your habits and personality to go along with your trading style. This results in them changing their trading style altogether.

Instead of analyzing what they did wrong, they keep switching up to see changes. Only sticking to your suitable trading style, you will become an expert binary options trader. However, if you see strongly believe changing your trading style will bring in improvements, try the changes first on a demo account and then switch if it works. The aim of this article was to help traders become an expert in binary options while maintaining their trading style.

Whether it be swing, scalp, day, position, or trend trading, choose the one that you are the most comfortable with and stick to it. Failure to develop a signature style trading style results in traders failing to sustain profitability. Persistence and endurance will ensure you will slowly transition from an average trader to an expert in no time. By Binoption.

Last Updated: Home » Binary Options Strategy » Be an Expert in Binary Options in Your Own Style. Be an Expert in Binary Options in Your Own Style - Binoption. Different Styles Of Trading — Find Out The Best One For You. Based on trading duration, there are five different styles of trading. They are:. Day Trading. Traders looking to make multiple trades a day targeting small gains. Swing Trading.

Trend Trading. Position Trading. Long-term traders with mountain of patience ignoring minor price changes.

For those in search of a binary options broker which breaks the mold a bit, ExpertOption may be worthy of consideration. and is based in Saint Vincent and the Grenadines. The site is aiming its services largely toward customers in Russia and Asia, and unfortunately does not accept USA customers at this time. ExpertOption is regulated by the Regulated by the Vanuatu Financial Services Commission, certificate To open an account and start trading on ExpertOption, you need to select one of the following account tiers:.

Features and bonuses increase as you move up along the tiers. This is a rich abundance of features. Having taken a look through the educational library, I was very impressed with the quality of the articles, many of which are thorough tutorials complete with images for various trading strategies.

The low maximum trade size is something which you may wonder about—but it is not necessarily a bad feature. That does mean this site is not suitable to traders with larger accounts. Most binary options traders are starting out with a few hundred or thousand dollars, making this site quite appropriate.

There are numerous deposit methods and currencies available for trading, including a few which are uncommon elsewhere, like Thai Baht, Indian Rupee, and South Korean Won.

Noticeably absent however are British Pound and Euro, which are standard everywhere else. Additionally, the site explicitly states that there are no fees of any kind for withdrawals except for the fees your bank may charge you for certain types of payments.

When you are checking out ExpertOption, you will notice that the site has a lovely design to it and that all the pages load quickly and correctly. The information provided across the site is thorough and consistent.

You can preview the proprietary platform with a free demo account, no registration necessary. You will see that while it looks quite a bit different from SpotOption or other common white label platforms, it is easy to use and has an abundance of great features.

You can copy trades directly on the platform, and you can also access advanced charts with indicators and lines to visualize trade setups. It is nothing short of outstanding that you can practice without registering or depositing money, because that means that you can do so for as long as necessary to make sure you are truly prepared to trade.

So even with a very small account, you can trade a responsibly small percentage. About the only complaint I have about ExpertOption is the customer service, which struck me as standoffish and possibly a bit slothful. There are many ways to get in touch with the company—and that is a good thing. You can access an agent via telephone, live chat, email, web form and paper mail. There are even separate email addresses and telephone numbers for different languages, which is very impressive.

When I got on live chat to ask a few very simple questions, I was greeted immediately by an agent. But I am reviewing the site for international traders, and I have a few more things to ask. I asked my questions, and he told me to email them. He then offered contradictorily to answer any further questions I might have.

So I repeated the questions, and was again told to email. To give him the benefit of a doubt, I can understand why a broker which does not take USA traders might react aggressively to someone with a USA IP address. That being said, I found it quite unreasonable he could not take five minutes to answer some basic questions.

I was able to find those answers myself by hunting around on the site, which means he should have been able to answer them with ease. Instead, he decided to force me to spend ten extra minutes searching around. I am not sure what that accomplished, except to save him the trouble of looking them himself. ExpertOption is an intriguing broker for traders outside the USA.

Aside from the rather unapproachable customer service agent, ExpertOption impressed me. This site has a lot going for it: a totally free and unlimited demo account, no withdrawal fees, support in multiple languages, and a low minimum trade size. They are regulated, and on top of that, the site is well-designed and the proprietary platform works well. If you are not in the USA, you may want to consider this broker. ExpertOption Rating: 8. Visit Site. No Traders' Reviews Yet Comments are closed.

Binary Trading. Saint Vincent and the Grenadines. Money, WebMoney, Alipay, WeChat, FasaPay. US dollar, Russian ruble, Chinese yuan, Thai baht, Indian rupee, South Korean won.

Daily economic analysis, account manager, individual trade history analysis, advanced charts, social trading, signals, early close.

From various modes of trading like the manual, automated or social trading to various brokers but also a selection of trading features. Recommended For You. As a result, you can quickly locate and place an order with the shortest expiration time using the Expert Option trading tool only 60 seconds. How to earn money with Expert Option? You are limited to ten trades per day, but you do have access to the educational materials. Show all posts. Day Trading.

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