Binary options are the new age trading. It sounds pretty simple: you invest your money, choose one platform, choose a broker. Choose a strategy you’ll go for. Then you learn how to do it by simply watching tutorials or reading very well explained instructions. Easy, right? Well, not exactly. Banc de Binary.com, SmartOption, 10Trade etc. This is the reason why some brokers have platforms that look exactly the same, but keep in mind that it is not a bad thing. On the other hand, some brokers use custom-made platforms for their website, which can sometimes be a very good solution as well, such as the platform of Stockpair.
It is important that the platform provides a high variety in different aspects. It should allow you to choose between different assets, time frames, types of binary options and types of charts. In addition, it is important that it is easy to choose and switch between these options, because otherwise you would lose time, and time is crucial in this type of trading.
A trading platform should be easy to view and navigate, for the reason mentioned above- if you cannot find your way through the platform, it will cost you time and it can consequently make you lose the money as well. In addition to the ease of navigation, the design is not less important. If the platform is poorly designed, it makes it difficult to navigate through its options, or if the combinations of colors are unfavorable, it can be harmful for your eyesight. What is more, poor platform design can also mean that the platform was not made by a reliable provider and that it is slow and unreliable s well.
Even though these criteria may seem confusing and difficult, they are not. Search for the reliable platform providers, and when you see their platforms with certain brokers, it can be a good start. Then work your way through determining whether the navigation and the design suit you, try the platform out in demo version, and it should provide you with a good insight whether you should go on using it or not.Read More »