Binary Options Trading Platforms
Every binary options trader has to analyze the market before he decides puts or call options. This article provides trading platforms, which are easy to use and can be applied to your everyday trading.
Binary Options Platforms
Every binary broker offers free trading platforms to their clients. For example, if you visit 10Trade platform, you get access to candlestick or line charts. Choose according to your preferences. This way you can look at the market, analyze and execute the trades. There is no need to download any software. This is the best choice, especially for novice traders, who have no prior experience of reading the charts. They are simple to use, but at the same time, the drawback of using the broker’s platforms are a lack of technical indicators.
This website offers free real-time charts. It is fully integrated online, and can be accessed simply visiting the website. If you a technical trader, it is the best choice among online chart platforms. There are dozens of indicators (Relative Strength Index, Stochastic oscillator, Moving average etc) ready to use. You can make analyze the market there and then visit your binary options broker and execute trades. They also provide premium charting, which offer much more trading features. We advise you to use a free version for a while and if you satisfy with their service, you may upgrade it.
Personally, I am a big fun of Tradingview for many reasons. It is one of the largest trading communities online. First, their platform is very impressive and easy to use. Hundreds of indicators and tools are integrated and can be applied to your chart analysis. Second, everyone can share their trading set-ups and ideas to each other. If you are a novice trader, you can copy professional trader’s set-ups. In other words, you are getting unlimited trading set-ups for free. There are chat rooms for binary options traders. You can share your ideas and ask any questions online. Even, you can follow the top traders and you get a message every time they share their trading setups. It is our top recommended binary options trading platform. Tradingview offers a Pro membership too, which gives more features and privileges.
This platform must be downloaded to get access to it. It is free and can be found online, just type in your search engine – MetaTrader 4 (MT4) download. However, it is important to note that it will be useful mostly for Forex and commodity trading. If you mostly trade currencies options, then it is a good choice. There are no shares and indices charts on that platform. You may find few of them, but mostly MT4 is developed for Forex traders. The biggest advantage of using this platform is that it has lots of features and it is more likely for advanced traders. You can add your own indicators and apply to the charts. Moreover, if you are using Expert Advisors (EA) for finding trading opportunities, then MT4 is the best choice. It can be stated that this binary options trading platform is little uncomfortable because you have to analyze trades in your platform and then visit your binary broker website to make a trade.
NinjaTrader and cTrader
Both trading platforms should be downloaded. They have lots of features, but they are not free compared to ones we discussed above. Some of the broker may offer those platforms for free, but generally you have to pay the commission or monthly fee using them. However, if you making large returns trading binary options, then you may choose NinjaTrader or cTrader as your main platform. They have some amazing features that those online ones do not support.