Buy Bitcoin Australia

If you are from Australia or New Zealand and want to invest in Bitcoin, it pays to know what Bitcoin really is and how it works.

Bitcoin or BTC is a system of decentralized cryptocurrency payment developed by Satoshi Nakamoto. Ever since its launch in 2009, it continues to receive constant updates and improvements by a team of developers that is funded in part by the BitcoinFoundation.

Bitcoin is, in fact,the oldest ever cryptocurrency, as well as the most popular. It is even accessible through many reputed Forex brokers like Plus500. Bitcoin buying/selling is completely legal in Australia and New Zealand.

At the time of its release in 2009, the world had not quite dug into the idea of virtual currency and so it would be another four years before Bitcoin began raising some eyebrows. Between 2011 and 2012, its value was magnified by as much as 300%. While in recent times the numbers have remained somewhat lax, Bitcoin remains a lucrative betting commodity for capital firms and traders alike.

How does Bitcoin work?

Bitcoin is becoming more and more popular in Australia and other countries.

Bitcoin was among the pioneering cryptocurrencies to adopt peer-to-peer technology that would allow payments to be virtually instant. The individuals/companies that manage the underlying operations are collectively known as miners.

They actively participate in the network as well. Whatever their incentives are, they depend on the release of new Bitcoin as well as any payments made in Bitcoin. They make up the so-called decentralized authority that is the signature characteristic of Bitcoin and keeps the network economically relevant.

Bitcoin mining refers to the process in which Bitcoins and released and circulated. The idea is to solve the complex computational puzzle that would yield a new block which could be added to the blockchain in exchange for a few Bitcoins.

Back in 2009, the reward was worth 50 Bitcoins but has been steadily decreasing every four years. As the amount of Bitcoins increase so does the difficulty level of the mining. In ’09, the difficulty level was a 1.0. Now it is past 4 billion. Of course, such a rate would warrant major upgrades in computer resources.

So the standard desktop computer was replaced by much faster Application-Specific Integrated Circuits (ASIC), and more advanced processing units like Graphics Processing Units (GPUs).

How valuable is Bitcoin?

In short, a lot. At present, a single Bitcoin is worth well over a thousand North American dollars. That price is not really correlated to the vastness of the mining network. The price of Bitcoin increases along with the cost of producing it.

To keep up, the mining network has had to triple its power in the last 12 months or so.

Who actually came up with Bitcoin?

There is no question that since its inception, Bitcoin has become a pioneer in ushering in cryptocurrencies and providing insanely profitable investment opportunities for traders. But for all the fuss it has been causing since debuting back in 2009, it is a tad bit embarrassing to realize that we still do not know which person or persons actually came up with it. Believe it or not, the world’s leading cryptocurrency network is shrouded in anonymity regarding its roots.

There is only one name that comes up when discussing the origins of Bitcoin, and that is Satoshi Nakamoto. But again, this could refer to an individual, or a group of individuals, we simply do not know for sure yet, and it does not look like we will know anytime soon.

How to invest in Bitcoin

Purchasing Bitcoin in Australia is not as complicated as it sounds. In fact, you can outright just buy some. At present it is terribly simple, thanks to several firms in the United States as well as internationally, that count the trading of Bitcoins among their operations.

For traders in the US, the best option is Coinbase, which sells BTC at a markup that is normally just 1% over the prevailing market price. For Australians a good options is via a forex platform like Plus500.

With Coinbase, American traders also have the option of linking their bank accounts with their Coinbase wallets, making for easier payment transfers in the future. Also on offer is automated Bitcoin purchasing at regular sessions.

For instance, if you intend to purchase $100 worth of Bitcoins on the first or second day of each month, you can simply set up an auto-buy for your desired amount with Coinbase.

However, do not just jump right in. Take the following considerations into account:

Issuing an automated buy order does not mean that you can also control the price at which Bitcoin is bought. Also, Coinbase is not exactly a Bitcoin exchange. You will be directly trading with them but the firm itself sources the coins from other traders. As a result, there is the risk of delay or other issues occurring with orders when the market moves rapidly.

If you are looking for a more conventional exchange of Bitcoin, BitStamp may prove to be a better choice. BitStamp allows you to exchange with other users rather than with the firm itself, which really only functions as an intermediary.

Liquidity is higher as well. Fees begin at only 0.5% and go down even further to 0.2% given that you have traded at least $150,000 within 30 days.

Exchanges, however, are not the sole option for acquiring Bitcoins. You can also buy them offline using Local Bitcoins. The website will set up pairs or prospective buyers and sellers. During purchases, the Bitcoins are locked away from the seller within the escrow.

Whenever you are purchasing Bitcoins offline, you should take the same precautions as you would when meeting a stranger. Make sure the meeting is during thedaytime, somewhere public, and if possible, bring a friend along.

Bitcoin might in some ways resemble a trend or product that came up suddenly, caught everyone’s attention and then disappeared almost as quickly as it came. But in the minds of many traders and venture capital firms, it is definitely here to stay.

And why not? In some ways, it represents the future of how we look at and manage currency. In some ways, it is the future.

Plus500 Review

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Plus500 is one of the most trusted site if you want to trade CFD on Options, Forex, Crypto, etc. They accept Australians and the minimum deposit is really low.

  • Minimum Deposit: AU$100
  • No Commissions
  • Licence issued by FCA, CYSEC and ASIC (#417727)
Special: Low Spreads For All Traders » Sign up now

* Plus500 is a CFDs service
* Your capital is at risk
* Risk disclaimer: CFDs are leveraged products and can result in the loss of your capital.

Plus500 is a reputed site, where you can trade CFDs (options, forex, crypto, indices etc.).

Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14). Plus500AU Pty Ltd. has a licence issued by ASIC (Australian Securities & Investments Commission) and the licence number is AFSL # 417727. This means that they can legally operate in Australia as well.

Plus500 is a CFD provider, and they do not offer binary options trading.

The site accepts traders from Australia, New Zealand in addition to other countries, however Plus500 does not offer its services in the United States.

Let us get into the Plus500 review and explore how they perform in other areas.

Plus500 Accounts

A trader can sign up for 2 types of accounts with Plus500, either a demo account or a live account. The demo account can be activated with no underlying charge at all while the live one requires a minimum initial deposit of 100 AUD before activating. The maximum leverage assigned to forex accounts is at 1:300.

Trading Platform

plus500Plus500 gives its traders access to one of the most intuitive, unique, and user-friendly trading platforms as well as technical analysis. Its platform allows you to access a plurality of markets on the same screen, while also supplying real-time information on quotes on each of the assets being traded.

The list of instruments you can trade on the Plus500 platform is big. It includes CFDs on foreign exchange, cryptocurrencies, commodities, stocks, ETFs, and indexes.

Apart from being easy to use even for a first time trader, the platform offers another big benefit. It has an all-inclusive trading screen with top mounted tabs containing details on completed trades and existing positions as well as numerous opportunities for trading in markets.

Charts can also be referred on the platform although they will have to be viewed separately as the software for that does not permit the same screen to show more than one graph.

There are different existing versions of Plus500’s trading platform. There is a downloadable version intended to work on your desktop computer or laptop or any other, the App version will make the platform accessible from your Android or iOS mobile device, and also you Apple watch.

Deposits and Withdrawals

There are multiple ways by which you can fund your Plus500 account. We have listed them below.

  • Visa
  • Mastercard
  • Wire transfer
  • MoneyBookers

We recommend either Visa or MasterCard over the others as they are a faster way to commence trading. However, supporting your account using MoneyBookers/Skrill is no less difficult. Making a deposit by wire transfer is also a simple task but the processing time takes up to 5 days to complete.

You will get an email so you can keep tabs on the details. As we stated earlier, your initial deposit needs to be at least 100 AUD (or 500AUD for wire transfers). Also, the details of the wire transfer will be forwarded to your bank along with the minimum and maximum sum that can be deposited through a wire transfer.

When it comes to making a withdrawal, you can get an idea of how strict the regulations are when you take a look at the elementary requirements attached to it. A customer must provide a photo ID either from their passport, driver’s licence or another official identity document and also verify their address.

It will not be too a tedious a task since you can upload the information as a pdf, tif, jpeg, or file directly onto the Plus500 trading platform. You will have to wait an additional 24 hours for the files to be reviewed. On the off chance that your identity document cannot be scanned, you can simply photograph with your camera or smartphone.

Customer Support

Customer support from Plus500 can be accessed via email and also an online chat forum in multiple languages. The services are available 24 hours a day at 7 days a week. The reason we have not mentioned telephone support is that that option is not available here.

However, it will only be an issue if, by some chance, a trader loses their internet connection or their pc crashes. Apart from that though, the service runs reliably and smoothly.

Licence Information

Plus500 is one of the most widely recognized trading sites around.

Plus500AU holds Australian Financial Services Licence #417727 and Derivatives issuer licence in New Zealand, FSP No. 486026, thus authorized to provide its services to Australian and New Zealand residents. Plus500AU is also an Authorized Financial Services Provider # 47546 in South Africa.

In addition, Plus500UK Ltd is authorized and regulated by the Financial Conduct Authority (FRN 509909). Plus500CY LTD is authorized and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).

In our experience it is always better to open a trading account with an authorized provider, rather than an unauthorized one.

Conclusion

So long as you are a trader from Australia or New Zealand, we would very much recommend Plus500 as an extremely competent and quality site to trade with. New traders particularly will find the demo account very resourceful, for getting their eye in with the market and developing sound trading instincts, without having to put their own funds on the line.

Meanwhile, the more experienced traders can benefit off of the tight dealing spreads and attractive bonuses on hand for their initial deposits. The platform itself is substantive and is remarkably simple to navigate.

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Binary Options Perth

In recent years, Australia has been fairing a lot better economically than other comparable nations like the United States and in Europe. A big stake in that result is due to the ‘controlled’ explosion of Australia’s binary options trading market. It has now come to be a major source of income and profit for a lot of people residing in Australia. Perth is currently one of the major cities in Australia where people invest in binary options trading

One of the major reasons – if not, the major reason why binary options trading is a lucrative enterprise in Perth is the availability of top notch binary options brokers. They are not only highly reputed but also licensed and regulated by Australia’s government empowered commander in chief of financial institutions: the Australian Securities & Investments Commission.

ASIC has rigid standards which brokers have to attain in order to obtain a license. Therefore, most prospective traders would scoff at the idea of selecting a binary options broker that is unregulated and unlicensed.

However, as we shall soon see, not all binary options trading brokers operating in Perth are regulated by the government. Let us take closer a look at the brokers currently in business and see what they have to offer.

HighLow

HighLow isrecognizedlocally as well as internationally as an excellent broker in the business. A major reason for this is that it operates under license and regulation by the ASIC since being founded in 2013. Its headquarters are located in Sydney. It has an easy to access trading platform that is available on your Android or IOS smartphone as a mobile app. It offers up to 25 assets to traders.

>> Visit Highlow

Going up to 180-200%, HighLow offers the highest profit return on trades of any binary options trading broker. HighLow accepts deposit payment methods such as Credit cards, bank wire transfers and Neteller. To open an account viaCredit cards, Neteller and Deposits made in US dollars, the minimum amount required is $50. For domestic bank transfers, it is $10.

All of HighLow’s clients are entitled to a demo account (worth $10,000 in virtual currency) which can be maintained simultaneously with their live accounts. The languages available are limited to English, Japanese and Chinese.

BinaryMate

Started quite recently in June of 2016, BinaryMate is relatively new competitor among the established range of binary options brokers in Australia. However, it has still managed to develop good worldwide publicity since then. Its main offices are in Scotland and the Seychelles. It is not officially licensed or regulated under the ASIC.

Traders who have selected this firm can expect to make a profit as 95% on successfully executed trades. One of the more well-known and complimented features of BinaryMate is its highly rated customer service which offers 24/7 availability to live video chat with actual human consultants. This is a bold new method for binary options brokers.

The demo account however is not that great of a factor with this broker. The underlying details, term and conditions will require a discussion with customer service and have not been verified by other sources so far.

 

Vantage FX

Vantage FX was initially a pure Forex broker but has since become a well reputed ASIC licensed andregulated binary options broker based in Sydney. It usesan innovative cloud based trading platform. Traders can also access the platform and place trades through a mobile app. The minimum deposit for starting an account is $100.

With a pay-out rate of85%, Vantage FX offers among the highest profit returns of any broker. You can also maintain a demo account starting with $20,000 in virtual currency which will come in quite handy especially if you are a novice trader. Vantage FX offers just one live accountto be maintained byeach binary options trader. The only languages available are English and Chinese.

Conclusion

Asa binary options trader based in Perth, these brokers offer you the best chances of making it big in the trade. There is no real objective standard by which to compare them. Selecting one really boils down to some hard core research and technical analysis to suit your individual preference. By the end of it, you will have gained a better understanding of which broker will serve your interests best.

Most popular currencies in Forex Trading

Foreign Exchange is by and away the biggest global market out there and the most liquid as well. Daily transaction within it amount to a few trillions of dollars regularly.

As a novice trader just starting out, you would do well to get your eye in on the most popular currencies for trading and the reasons behind them. And that is precisely what we are going to do in this article.

5 Most popular currencies in Forex Trading

1) US dollar (U.S.A)

This is a no-brainer. The American form of currency is unrivaled as the most traded in currency ever. It is vastly recognized as an intermediary between other currencies when they are being traded. In fact, it is so frequently used and accepted globally that some nations have adopted it as their official currencyas opposed to coming up with one of their own.

It is a very influential on foreign exchange rates of other currencies submitting itself as assort of benchmark by which their values are assessed. Also, it is the standard currency used to price the majority of commodities such as metals and crude oil.

2) Euro (Europe)

The euro is only second to the US dollar as a globally traded currency and globally accepted reserve currency. It is the official currency used by most countries in the European continent. And yet, it is no older than January 1st 1999. It is the benchmark currency used valuing most other currencies both in Europe and in Africa.

And with its status as a highly traded and relied upon currency globally, it is also to be found extremely active in Forex trading. It is usually placed on trades concerning the economic state of Europe in general and European nations.

3) Yen (Japan)

When it comes to Asia at least, no currency is more heavily traded than Japanese Yen. It is often the currency that is referenced when assessing the economic health of the Pan-pacific area. That includes nations such as Singapore, Thailand, and South Korea whose currencies are much less prevalent in Forex trades.

Additionally, we recognize the Japanese Yen as a top currency of Forex trading for how it was used in the carry trade. With no real interest rate present for most of the past two decades, traders have been using the currency to trade in more profitable currencies and making a sweet revenue off the value differences.

4) The English Pound (United Kingdom)

Ever since Brexit happened, the UK currency has taken a gradual dip. However, even when it was a part of the EU, it did not adopt the Euro as its official currency because – apart from losing control of interest rates domestically – it would have been a deeply unenglishmanlike thing to do. When it comes to the Forex market, traders will look at it depending on the prevailing state of the national economy and political landscape.

5) Franc (Switzerland)

It may only be number 5 among the world’s Forex market’s most popular currencies but it certainly ranks a lot higher as a safe currency to use. One of the reasons for this is that it is prone to move in a negative parallel to more heavily fluctuating currencies.

The Swiss National Bank is an active participant Forex trading in ensuring that trades involving Swiss Francs are have a tighter range keep fluctuation more controlled and predictable.

Conclusion

That concludes our list of the top 5 currencies used in the Foreign Exchange market. As you might have seen, there are some unique qualities about them that might appeal to you depending on which part of the world you are trading from. Keeping tabs on these will help you understand the market a lot better and expose you to more profitable opportunities in Forex trading.

 

 

Binary Options Brisbane

Binary options trading in Brisbane is still a developing industry. Nonetheless, this form of trading appears prepared to take off in a big way. This is because Australia, Brisbane included, has become a secure and promising location for binary options. This is largely due to the Australian Securities & Investments Commission.

The ASIC has imposed strict regulations on any broker that wishes to fall under their purview. This has resulted in there being greater financial security for private funds. This level of protection has acted as motivation for traders to place funds and trade with the local brokers. As a resident in Brisbane you too can make a decent profit trading in binary options and do so with regulated brokers. Here are the most recommended binary options brokers for you to consider.

HighLow

Launched in 2013 and regulated by the ASIC, HighLow is instantly recognizable by any seasoned trader of binary options. Its main office is located in Sydney. It uses a pulse trading platform that also has a mobile app for android and IOS devices. It can be used in English, Japanese and Chinese.

>> Visit HighLow

There are 25 assets offered by HighLowfor trading along with the highest pay out rateof any binary options trading broker either in Australia or abroad. As a client of this broker, you can obtain a payout up to 180-200% on a successful trade.

With HighLow, the initial deposit for opening an account can be a Credit card, Neteller or bank wire transfer. If you wish to make a deposit via credit card, Neteller or in US currency, you will need to deposit a minimum of $50. With a domestic bank transfer, that amount is at $10.

The option of a demo account worth $10,000 in virtual currency is available to all clients and can be maintained alongside an active account.

Vantage FX

Vantage FX initially started out as a Forex broker based in Sydney. Now though, it is an established and well reputed binary options broker as well. It is licensed and regulated by the ASIC. It offers customers the chance to trade on a state-of-the-art cloud based online platform.The platform is also available as a mobile app so that clients who are commuting can access their accounts on their Android or IOS devices and execute trades. Your account can be accessed in either English or Chinese.

The pay-out rate of 85% offered by Vantage FX is high when compared with other binary options brokers. To open an account, you will need at least $100 for your initial deposit. You can only use a singleactive account. The broker offers a demo account which provides newly registered traders with $20,000 in virtual currency. This makes it a suitable broker for novice traders who are still attempting to learn the markets.

 

BinaryMate

BinaryMate is based in Scotland and the Seychelles. It was launched in June of 2016, a fairly recent firm to come up. However, in just over a year it has become a reputed choice for prospectivebinary options traders. It does not operate under a license from the ASIC and is not regulated.

Clients of BinaryMate use a proprietary system supplied only by this particular broker. The pay-out gains are in high, at 95% on a successful trade.

BinaryMate’s most famous compliment from its clients is its customer service feature. Unlike most other brokers that offer communication either through email or by phone, BinaryMate is among the first to engage customers in a live video chat service with a human. The service is available 24/7.

A major complaint regarding this firm is a lack information on the demo account. Finding out more about that would mean having a critical discussion with customer services.

Conclusion

Australia as a whole is an ideal location for trading in binary options. If you are based in Brisbane you should have little to no trouble looking up any one these broker firms and setting up an account. Selecting the best broker for you really is a matter of how compliant it is with your individual policies regarding finance.So, be sure to do a decent amount of research and technical analysis before deciding which broker would serve you best.

Binary Options Melbourne

The City of Melbourne is a major economic contributor to the Victorian and Australian economies. There are some major industries here to boost the economy. Taking the top spot is the professional science and technical services industry. Following as a close second, however,are Financial and insurance services.

And if you were to dig a little deeper into the finance and insurance sector, you can get an idea of how binary options trading has managed to influence it. If you are a resident living in Melbourne, you would be happy to know that binary options trading is alive and well across Australia.

The island continent is considered to be one of the most secure locations for investors on a global scale to deposit funds and make trades. The main reason for this is the presence of the Australian Securities & Investments Commission. The ASIC is an independent governmental body that overlooks and imposes regulations on major corporate establishments and insurance services. It does in the interests of financial security for ordinary citizens and traders.

So if you are living in Melbourne and intending to start trading in binary options, there are some formidable candidates for you to consider.

HighLow

HighLow was started in 2013 and is a world renowned binary options trading broker that is licensed and regulated by the ASIC. Its headquarters are in Sydney. It provides an easily accessible and referable trading platform available for either Android or IOS smartphones via a mobile app. The only languages available are English, Japanese and Chinese.

>> Visit HighLow

HighLow has up to 25 assets for trading and offers the highest profit for a single trade compared to any binary options trading broker. You can obtain a return as high as 180-200%.

When it comes to opening accounts, there is an initial deposit to be made. HighLow is compatible with depositing methods such as Credit cards, Neteller and bank wire transfers. A trader is required to deposit at least $50 to start an account through a credit card or Neteller. This rule also applies to traders who wish to deposit in US currency. However if you can do it via a domestic bank transfer, the amount is $10.

There is also demo account (worth $10,000 in virtual currency) that you can maintain while having a live account.

BinaryMate

BinaryMatestarted in June of 2016 so it is a relatively newer broker, slowly gaining recognition in the industry.Nevertheless it has become a highly popular choice for traders. Its main subsidiaries are located in Scotland and the Seychelles. While it is highly reputed, it has not yet been licensed or regulated by the ASIC.

BinaryMate provides traders with a proprietary system which is unique to the firm. On profit returns, traders can expect to attain a rate of up to 95%, one of the highest anywhere.

The biggest standout feature aboutBinaryMate is its 24/7 live video chat feature as part of its customer services. Most informal reviews tend to emphasize this point and a good customer service is a very important feature to have from your broker.

One of the drawbacks with this binary options broker is the demo account. With no solid details online, you will need to discuss it with your consultant at customer service.

Vantage FX

Initially operating only as a Forex broker, Vantage FX is now a renowned brand in the binary options trading industry. It is officially licensed and regulated by the ASIC and based in Sydney. Its trading platform is a unique cloud based concept. There is also the availability of a mobile app to access your account and place trades while you are on the move.

Vantage FX offers a high pay out rate of up to 85% on successful trades. Starting an account requires a minimum deposit of $100. However, you can only maintain one live account, available either in English or Chinese. You also have the option of maintaining a demo account $20,000 in virtual currency to begin with. This is good particularly for new traders who want to get involved in this form of trading.

Conclusion

If you are a binary options trader operating from Melbourne, these are among your best options for reaping good benefits financially from binary options trading.

How Safe Is Binary Options Trading

Wherever there is an opportunity for investment or profit, there is also potential for scams. The same can be said for binary options trading, but how safe is binary options trading? Once this form of trading began to gain popularity, various fraudulent schemes began to crop up.

Many traders lost a lot of their money and even had sensitive financial information stolen as a result. People are now more aware of such instances and therefore are less likely to fall for such cons. This is why it is important for you to be able to identify the most widespread binary options trading scams. It will help you to avoid being swindled.

The Outright Scam

This is one of the most common techniques used because not only is it easy to manage, it is also quite lucrative for the fraudulent party. Here, the fake brokers will set up a website and will require to deposit a certain amount of money for you to sign up with them.

Once you have transferred the funds, you will be informed that for one reason or another, this money has been lost. You will then be encouraged to deposit more money into your account to help you make back the money that has been lost to you. Long story short, the entire site is fictitious and it is just a way for the fraudulent individuals to keep pocketing your money.

Scams – Preventing Withdrawals

There are other scams where the brokers for all intents and purposes appear to be legitimate. They allow you to place trades, accumulate profits, and essentially engage in binary options trading. You will have no cause to believe that anything is wrong.

That is, of course, until you attempt to withdraw money from your account. When they go to withdraw their money, the broker may cite that they don’t have the minimum amount of funds in their account required to do so. It is here that you will be informed that you need to have more money in your account if you want to make a withdrawal. Or, the broker may say that they have flagged your account as a fraudulent one and then freeze your account. Either way that they choose to go about it, the result will be the same. The broker will eventually stop answering emails or calls and there will be no way for you to contact them.

Taking Control of Your Account

At one point, managed accounts were becoming quite popular. This was a service that some binary options brokers were offering their traders, especially those new to this form of trading. Here, a professional would claim control over your funds and place the trades on your behalf. These individuals were often advertised as being skilled and experienced. They guaranteed to create profits and reduce the risk of the traders losing money. What happened instead, as you can imagine, was once they had control over your account, the funds were drained, said to be lost due to a trade. You were then urged to deposit more money so that a better trade could be placed next time.

Withholding Bonuses

Bonuses are a popular way of enticing traders to a particular broker. This is why brokers desperately try to outdo each other, each one promising bonuses bigger than the last. The issues arise when it comes to reclaiming the bonuses. Here, convoluted terms and conditions often act as a barrier to getting this money. In fact, the problem became so prevalent that the CySEC actually placed restrictions on its licensed brokers.

These are the most widespread binary options trading scams. However, this is not a comprehensive list. This is why you always need to be careful about the broker that you are dealing with as well as the services that they offer.

Make sure you pick a reliable binary options broker. How safe your trading is, will depend on the broker.

Should You Trade Binary Options on the Weekends?

There is a good chance that if you want to be involved in binary options that you already have a full-time job. This means that there may not be a lot of time for you to spend on trading. As a result, you may start to consider trading binary options on the weekends.

While this is possible to a degree, there are certain caveats as well. Therefore, it is not something that you should undertake lightly. So, should you trade binary options on the weekends? Read through this article to determine your answer.

What You Need to Know

The first thing you should be aware of is that not all of the typical options are available to you during the weekends. This means that the most common Call and Put options may not be offered. Instead, you will have to contend with One Touch or Range options.

Therefore, you will need to be well versed in these as well. Similarly, you will usually only be able to trade with a handful of assets as well. This is usually currencies and maybe some commodities.

The other thing that you should be mindful of is that yes, there is a good chance for improved profit. For instance, unlike with the weekly markets, on occasion, you can expect to make up to 400 percent profit. This does come with a cost as weekend trading can hold a higher risk. This is due to the reduced financial information available as well as very different market and trading conditions too.

The Right Broker is Important

At the top of your list of to-do things should be to find a broker that will actually place trades on weekends. You should know that only a few of them allow this, not all. You will also need to be careful in understanding just what the broker is offering you.

Just because they say that they trade on weekends doesn’t actually mean they will place the trades precisely when you want them to. Some brokers are simply referring to the practice of taking the trades on the weekends but placing them at the start of the week.

What you need to look for is expiry dates that take place during Saturday and Sunday. This is what will indicate that your trades will be placed when you decide.

Try for Markets with Different Weekends

Now you may be used to having a weekend on Saturday and Sunday. This is not necessarily true for the rest of the world, however. In the Middle East, in particular, the weekends tend to fall on Fridays and Saturdays. This means that their financial markets are open on Sunday.

Therefore, you may want to consider broadening your horizons. While engaging in foreign markets, you are creating greater opportunities for yourself. You should be aware that this means immersing yourself in markets that you may not necessarily be familiar with. As such, it is vital that you do the research before randomly placing trades.

Understand What is Relevant and What Isn’t

As you are probably aware, there aren’t many important meetings or situations scheduled for the weekend. Therefore, you typically don’t have to worry about too much volatility or upheaval.

Nonetheless, there is a possibility for something that happened during the week to impact the trades on Saturday or Sunday. This is why you need to take these events into consideration when deciding on the position that you will take in any trade.

There is no simple answer to the question should you trade binary options on the weekends. This is entirely up to you. On many occasions, it may be your only choice. However, you will need to know the particulars of engaging in such trading practices.

 

Is Binary Options Trading Safe for Australians

If you are new to the world of trading, binary options can often seem like a great idea. You don’t need a lot of capital and the concept of the trading, as a whole, is easy enough to understand and there are brokers that accept Australian traders. However, some things that often seem to be too good to be true often are.

This is why you are probably asking yourself the question, is binary options trading safe for new traders? As with all form of investment, binary options does carry a certain amount of risk. However, you need to know whether there is a great hazard for new traders.

It Depends on Your Prior Experience

Are you an Aussie and new to just binary options trading or trading in general? Now, binary options does tend to have many unique qualities not possessed by other forms of trading. Despite this, it can still be helpful to have experience in other fields of trading.

This is because having previous experience equips you in certain ways. For instance, you will have greater insight into the markets and price point movements. You will also have a better understanding of how to manage your money. Perhaps most importantly, however, you are more controlled as a trader. You will be less likely to let your emotions get in the way or to gamble with your money. All of this does lead to lower risk taking behavior and, in turn, lower risks for the trader.

It Hinges Upon Effort and Preparation

Just how much effort are you willing to make before you start trading? Will you put in the time to do research and to come up with strategies? Are you willing to first learn on a demo account before moving to live trading? Binary options is only safe for traders who know what they are doing.

Just make sure you pick a broker that accepts Australians.

Therefore, you can stumble in blindly and simply hope that you are going to be a success. If you are not properly prepared for the trading world that lies ahead of you, you are more likely to fall prey to common pitfalls. If you are not sure of the most prevalent mistakes are, you will be unable to avoid them.

Safety is Determined by Your Level of Vulnerability – Australian Brokers Preferred

Just how vulnerable are you to scams or schemes? As with most forms of trading and investment, binary options trading is littered with con artists. They can take the form of brokers or may ask you to pay for foolproof strategies. Sometimes, they may disguise themselves as automated robots designed to make you quick and easy money.

Take a look at our homepage Binary options Australian for the best AU brokers.

To avoid being susceptible to such issues, you will need to know the markers of a scheme. The more willing you are to part with your money for the first broker to come along, the more likely you are to get swindled. However, if you are cautious with who you sign up with or the type of trades you place, you are decreasing your chances of being a victim.

The final takeaway from this articles should be that yes, binary options trading is safe for new traders and also Australians. There are brokers that accept deposit and withdrawals in AUD. Nonetheless, this does rely largely on you, the trader. If you take the necessary precautions, you will allow yourself a greater level of security.

Binary Options Sydney

Sydney is the largest city in Australia. It also generates a significant portion of the island continent’s annual income. An integral part of this grand money making machine is a resident community of binary options trading brokers.

Binary options in Sydney is currently enjoying mass participation and cash flow from investors. This is largely due to the availability of binary options trading brokers that are licensed and regulated by the Australian Securities & Investments Commission or ASIC.

The ASIC is an independent body of the Australian government that supervises and regulates financial institutions and services in insurance and credit.This creates a safe financial market for traders and investors to get involved in. Its headquarters are in Sydney.

As a trader, checking whether or not your preferred binary options broker is licensed and regulated is a fundamental element of research. This will need to be discerned before you register for an account with a particular broker.

The licensed and regulated binary options trading brokers currently operating in Sydney are HighLow and Vantage FX. The one that is not regulated is BinaryMate. Let us now take a closer look at these brokers currently operating in Sydney.

HighLow

HighLow is one of the most internationally recognized and reputed broker firms in binary options trading. This is due in no small part to it being licensed and regulated by the ASIC from the time it was established in 2013. It is headquartered in Sydney.

>> Visit Highlow

It currently offers a higher profit per trade, morethan any other binary options trading broker. It offers a staggering payout rate of 180-200%. The amount of assets to trade in number at 25. The trading platform is easy to access and is available as an app for your Android or IOS smartphone. The minimum amount required to open an account is $10 for domestic bank transfers and $50 for Credit cards, Neteller and deposits made is US dollars.

HighLow accepts deposit payment methods such as Credit cards, bank wire transfers and Neteller. All of its clients are entitled to a demo account (worth $10,000 in virtual currency) alongside their live account. It can only be accessed in English, Japanese and Chinese.

Vantage FX

Originally a Forex broker, Vantage FX has now managed to obtain a license from the ASIC to be a regulated binary options broker based in Sydney. It is also a well reputed one. It provides traders with an innovative and ground-breaking trading platform which is cloud based.

>> Visit Vantage FX

The platform is also available via apps for mobile devices where traders can access their accounts and place trades. To start an account requires a minimum deposit of $100. The pay-out rate is one of the highest of any binary options broker at 85%. A demo account is available to all traders complete with $20,000 to begin with while only a single live account can be maintained by an individual trader. The languages available with this broker are limited to English and Chinese.

BinaryMate

BinaryMate was only recently founded in June of 2016 but it has managed to make its name internationally recognizable within the first year of being launched. Based primarily in Scotland and the Seychelles, it is yet to be licensed and regulated by the ASIC.

>> Visit BinaryMate

However, the majority of reviews so far are positive. Profit returns for traders from this firm can be as high as 95%. While, there is a demo account on offer, the surrounding details are few and more can be uncovered by contacting the firm’s customer service. Customer service, as it turns out, is one of the most outstanding features of BinaryMate. It is one of the first binary options brokers to offer unlimited contact via live video chatting online.

Conclusion – Binary Options in Sydney

If you are a prospective binary options trader based in Sydney, these are your closest and most reputed candidates for a well serving binary options broker. Choosing the best one for you will come down to your individual preferences and how they align with the policies of the broker firm.

So with a healthy amount of research and accurate analysis, you will have a good idea of which one you want to collaborate with and start trading in binary options.