Need Some Trading Tips?

There are many and varied binary trading tools available for you to use to help you predict the price action of an asset, with perhaps the most important trading tool available for traders being the trading platform itself. Without this tool the trader would not be able to place any orders to the broker. The trading platform is the one trading tool that a trader cannot do without and that is why we have made it our primary focus in Banc De Binary. It allows you, the trader, to trade binary options from anywhere you are as long as you have access to a computer, a tablet or a mobile phone.

The trading platform streams or transmits live prices from the markets to the trader’s computer, which the trader can use to reference against other market data and act upon it to trade in the right direction. There are additional trading tools that are available to the binary trader; they are charting software, live news feeds and economic calendars.

Charting Softwares

Firstly, the charting software generally comes with several of the most popular technical analysis tools, including, moving averages, Bollinger bands, Fibonacci retracements, stochastic and momentum indicators. Most binary option trading platforms don’t provide charting software or other trading tools except perhaps for a demo account. However, as the trading tools for binary trading are the same as the tools used by forex traders, stock traders and commodity traders, you only need to tap into their sources to access these tools.

There are two ways in which you as a binary trader can access charting software. The first way is to download a trading platform called a Metatrader 4 from one of the many forex brokers and open a demo account. Once you have done this you will have access to charting software and many other trading tools as shown in the graphic below. Most Metatrader 4 platforms have similar menus where you can choose the trading tools you want to use.