Before people make their initial investments, they need to pay very close attention to the basics of online trading, specifically in binary options. Otherwise, it is very easy to make expensive mistakes that can end up draining a bank account.
Auckland, New Zealand (PRWEB) May 02, 2014
The #1 Binary Options resource for online traders in New Zealand, BinaryOptions.co.nz, has just released their best Binary Options broker list for May 2014. Before people make their initial investments, they need to pay very close attention to the basics of online trading, specifically in binary options. Otherwise, it is very easy to make expensive mistakes that can end up draining a bank account.
http://www.binaryoptions.co.nz has lists updated monthly, and has consistently featured a few select brokers. The broker review process included testing of the web platforms’ stability, bonus offers, quality of customer service including customer support response times to emails, and of course return rates on your trades.
The review process consists of multiple live trading accounts across dozens of brokers. Both new brokers and existing, more well-known brokers are always tested. Because of increasing numbers of binary options brokers showing up in recent months the need for these reviews are imperative.
Binary Options have slowly become a popular way to trade forex pairs, commodities, stocks and indices over the last 5 years. Why are binary options becoming so popular?
The obvious answer is the simplicity of these binary platforms being offered over the counter to novice as well as experienced traders. However, as with all types of trading we have found that creating a trading plan is extremely important. Without implementation of strong money management practices as well as proper diversification of assets across the appropriate instruments, inexperienced traders are doomed to fail from the get go.
Every so often we find more complex trading platforms, however provided the pricing mechanisms at your standard web brokers’ platform are consistent and accurate, there are other third party charting platforms available.
TradeRush emerged victorious this month as the top rated broker for New Zealand traders and investors internationally. The vast number of traders on their platform ensures platform stability, even at the move volatile times. Bonus offers and customer support are second to none and the only clear pitfall the TradeRush platform shows is the clock displayed on their site. Time shown on their website is GMT +0, or London time. This is the standard time zone for all binary options trading platforms, so with a bit of getting used to it is not so troublesome.