All about binary options trading according to Mark Tencaten & Team
Many people attribute binary options trading as a kind of gambling because a trader has to trade only between two variables; the rise or fall of a certain market or Forex. For some, however, this is an easy way to trade and often leads to substantial profits for traders. But no matter how simple it may seem, binary options trading is not for beginners and it definitely won’t work for people with no experience in index trading. This is where Mark Tencaten and his team of professional market analysis experts come into the picture.
Mark’s team created an effective strategy to earn significantly on binary options trading. By instituting a mix of variable trading timeframes and using market alerts that help traders make the right trades, create a high probability of winning. Market alerts are basically predictions of whether a particular market or Forex is going up or down during a given period. When a market or Forex is predicted to fall during a certain period, trading in that direction will result in a profit if the market falls within that certain period. These predictions are based on expert analysis from market experts around the world. To maximize profits, the team also trades in different currencies as another strategy. Therefore, within the day, there will be more than 10 transactions per day for traders to make the most of the usual trading results.
An interview with Mark Tencaten gave us an overview of how he managed to make money trading binary options and what his thoughts are regarding his future in the world of indices trading.
We asked for your views on current issues related to binary options trading and how to deal with fake traders. His views revolve around regulations. Binary options is a legitimate trade and there are a small number of companies that engage in unacceptable practices that somehow negatively affect the image of the industry. He pointed to some operations in Israel that entice people to engage with certain brokers, get their money, and eventually leave. These types of practices do not necessarily reflect the reality about binary options trading.
“I’m a little dismayed to learn that a small number of illegal companies luring people into investing in binary had a huge negative connotation for the industry. I think the issue here was more related to regulation regarding the operation of these fake companies than the industry as a whole. Otherwise, if we highlight binary options, then we better include trading from other markets as well,” Tencaten wrote in an email.
He reiterated that binary options trading is not for newbies. Skills are needed to win at this and it would also require a self-assessment of the level of risk traders can trade. Also, market alerts are there as a guide, but you cannot rely solely on them. Traders, especially self-managed ones, need to be able to learn and know how the commodities they are trading are behaving within the market and in a given period.
Lastly, a good exit strategy will protect the trader from losing that much. Normally, trades can start with a minimum of 10% of the total value of traders’ daily trading money. This limit serves as a safeguard during the trading day and also as a guarantee of multiple transactions within the day. They should also keep in mind the Stop Loss – Stop Profit percentages, as this will help them to automatically end the trade once the set percentages are reached.
In the end, the success of binary options traders really depends on several factors. But if you stay on top of the techniques and stay connected with people like Mark’s team, you’ll have more of an advantage over everyone else.