Huh? Binary options trading with Zulutrade.com? Since when do they support that? Well, they failed to inform me but there is an anouncement on Yahoo Finance website from 4th December 2014 stating that they have just launched Zulutrade Binary Options.
Zulutrade Binary Options Explained
As you might have read on this website, Zulutrade offers social trading of currencies with an algorythmic trading system. You can follow other traders and copy their open trades on auto-pilot.
By following expert traders other users, who are not as experienced, are also able to trade the forex market without any knowledge of what so ever. Binary options are a derivative in trading where the trader only has to determine (=predict) whether a stock/indice/commoditie is going up or down in value.
Binary options are simple to trade and have a high potential in payouts ranging from 70% to 90% depending on the broker of choice. The payouts are predetermined compared to trading with other systems. It is either 70% or 0% of the initial investment. Where 0% is equal to $0,- of course.
Why Choose Zulutrade Binary Options
Since Zulutrade is a known facilitator of automatic trading, they have a solid base of professional traders who you can follow their every move in the market.
Next to this, Zulutrade has a wide variety of over 150 assets available bringing you a complete solution for binary options trading.
Zulutrade Binary Options Types
Zulutrade offers the main types of binary options on their trading platform for those who want to trade themselves rather than following others. An overview with explanation:
- Classic binary options: won’t be easier than this one. Choose your asset, pick a timeframe, enter invested amount in $ or € and hit call (up) or put (down).
- Pairs: which one of the two underlying assets will out perform the other one? The second? Then you hit the put button.
- Long term: these are the binary options that are expiring in not less than a day up to a month or longer.
- Sixty Seconds: well known on cfdoptions.com are the 60 second options. Speed up your trading life with this type and try to make money fast! Or lose money fast when you don’t know what you are doing..
Zulutrade binary options features
The best binary options brokers in the market support some features every trader needs in his binary options trading dashboard. This is an overview of what Zulutrade binary options are about:
- Rollover: when the open position is close to expiry but not in the winning mood, you can roll over to the next expiry time. This will cost a little fee however.
- Double up: when profit is around the corner with an open position, open a new position with the same conditions. Sort of copy position.
- Sell option: is the value not moving in your favor? Hit the sell button before expiry and you might end up with a little money cash back instead of losing the invested amount.
- Zulutrade tradewall: this is a unique feature, no other broker supports a trade wall. The zulutrade tradewall is the place where activity of all traders is displayed. When a trader opens or closes a trade, that updates a status message. Filters are available to customise the tradewall.
- Calendar: no trader can do without a trading calendar. When is what news coming? The events are displayes in the timezone your personal computer is set on.
Zulutrade Binary Options Supported Brokers
In order to trade with zulutrade binary options, you need to have an account with a supported broker. There are some brokers supported and more conditions apply. Follow these steps to get you up and running with Zulutrade binary options trading with the best binary option brokers in the market.
Open an account first at the following broker. Some are not accepting traders from the USA, this one is. The minumum requirement for zulutrade is a minumum of $250 as a first deposit.
After creating you account with one of the brokers listed in step 1, you HAVE TO sign up with Zulutrade MANUALLY to get entered in the wonderful world of automatic binary options trading.
Go here: http://www.zulutrade.com and hit ‘Register’ on the top right corner. Create an account.
Are you sure? You have to fulfill steps 1 and 2 in order to make it work.
When you have completed the first 2 stept, go to the following site and connect the binary options broker to Zulutrade’s platform.
Again, this will only work when you have a fully working account at one of the above binary option brokers and deposited a minimum of $250!
Okay, now click here: http://binaryoptions.zulutrade.com/
Create a Live account or a Demo account by hitting the right button on your screen. You don’t need a credit card to create your account at zulutrade, it is totally free to use.
When opening a Live account (free of charge, what can happen?) you need to select the broker you have created an account in step 1. Next hit the ‘Do you have an account at..’ with ‘Yes’.
Fill out the Zulutrade registration form first and when you hit enter the binary option broker account setting are neccesary (step 1!) to set up the auto trading connection.
When all above is finished, you are set!
Always keep in mind that want to make money. Do not invest the entire $250 at once. Why don’t you set a maximum for a day, like $10? Trade with your mind, not with your heart.
Second, only trade with money you can affort to lose.