How to Trade Binary Options Successfully A Complete Guide to Binary Options Trading by Meir Liraz

How to Trade Binary Options Successfully A Complete Guide to Binary Options Trading By Meir Liraz

1. The Single Most Critical Factor to Binary Options Trading Success
May I suggest that prior to reading this book you make yourself familiar with the look 
and feel of a real life Binary Options trading platform, this will help you to better 
understand the guidelines and concepts described here. You can simply register to an 
online broker; it is free and without any obligation on your part. Which broker?. This is 
the broker that we trade at, we chose it based on an extensive research and find it to be 
one of the best out there. I suggest you first tour its features and flip through the training 
resources in its extensive education center and just then commence with reading this 
book.
Now, there is one critical issue regarding Binary Options that I want to address right at 
the beginning of this guide and that is broker scam. In my opinion, the single most 
critical factor to your Binary Options trading success is that you trade with a honest and 
reliable broker. Why? Because once you fall into the hands of a scamming broker, no 
matter how effective your strategies are, you are bound to lose all your money.
Now, the word must be said - Binary Options are a legitimate and a viable financial 
instrument and most binary options brokers are honest and reliable - however, there are 
a few bad apples out there that give others a bad name. 
So how can you avoid falling prey to a scammer? here are some ideas to help you with 
this.
For starter you can choose a broker from a list of safe brokers. Such a list can be found 
at the BizMove Binary Options Information Center (http://www.bizmove.com/binary-

options-trading/), you can also find it by running a Google search for 'BizMove binary 
options'. The brokers on this list were checked and confirmed to be honest and trusted.
What if you want to trade with a broker that is not on the safe list? Here is a simple 
strategy that will help you choose a good broker. Once you decided to trade with a new 
broker, start small and watch for any irregularities in the behavior of his trading platform 
(see below). Trade with small amounts of money, test the waters first, once everything 
feels OK and you are more confident with the broker, proceed with your planed amounts 
and strategy.
Now, How can you spot a scamming broker? I'm going to reveal to you now how a 
binary options scam works - once you know how it works it will be easy for you to 
identify it when it is being tried on you.
In a typical scam the broker manipulate the movements of the underlying asset, usually 
upon the expiry time, in a way that the outcome will be in favor of the broker. For 
example, If the binary option is supposed to expire at, say, 11h30 and at that time it is 
"in the money", the option is manipulated to remain open until, say, 11h31, and that last 
minute may be just enough for your option to expire 'out of the money'.
According to one of the traders that was a victim to a scam, the broker has a system 
where you place a trade and a clock begins to count down to the expiration, when the 
clock ticks to zero you should be awarded a win or suffer a loss - until here this is a 
standard binary options trade, but listen what happens next. After the clock ticks to zero, 
you see this, "Expiring...." for at least another 30 to 60 seconds. During that time, if your 
trade was close, the stock move just enough for you to lose your money.
The scammer uses a trading platform where the trader has no way of having an exact 
time for the trade to expire because the clock goes to zero, but the broker keeps it open 
until it moves to where they get the investor's money.
Since this particular broker features the Reuters logo on its site, one of the complaining 
investors has been spoken with Reuters who has informed him that they are looking at 
opening a case against the scamming broker as he is a risk of being fraudulent and is 
using the Reuters name to big himself up.
Another complaining investor stated regarding this system of scam: "... I noticed that the 
web site used to track my trades was having issues with the trades actually expiring 30 
to 60 seconds after the time had run out to zero. During this extra expiry time is when 
the strike amounts would move and I would not be awarded my winnings if they moved 
just enough for me to lose. Then the site started slowing and freezing so that I could not 
see my trades, track anything, or see information regarding possible trades."
In addition to observing the expiry time behavior of the brokers' trading platform you 
should also examine the behavior of the broker's asset's price movements during the 
contracts' time frame. You want to make sure the broker's chart follows the market 
accurately. You do this by comparing the broker's chart movements to a real-time chart 
of the same asset.
Now you know what to look for and how to identify a broker that uses scam techniques.
On a final note - there is one misconception about how binary options brokers make 
money that needs to be cleared. Some traders voiced concerns that they are trading 
“against the house” thus the brokers have an incentive to alter the data towards 
favorable outcomes for the broker. Well, this is not the case, a honest broker will derive 
his income from the difference between the total sum he pays to winning trades and the 
total sum that he gets from the losing trades

How to Trade Binary Options Successfully A Complete Guide to Binary Options Trading By Meir Liraz