The Advantages of an Open Binary Options Trading Platform
With the growing popularity of binary options trading strategies for profitable investment, most traders do not realize that the online platforms on which they are trading are closed markets. Because we understand that international currency exchanges, bourses and stock exchanges around the world are open markets, we expect the binary options platforms on which we trade the same options to be open too, but this is not the case.
Naturally any company that creates a binary trading website wants to make money, so they control the options that their traders can buy. As the brokers who own the platform, they literally call all the shots! Whenever a broker sets out his stall of binary options on his online platform, he can choose what to sell and how to sell it. If he sees that he can make more profit from investors purchasing specific options, he will definitely promote these options. When traders think that they are choosing from a full range of possible investments on their screens, they do not realize that the broker is setting the prices and controlling the board.
Open Binary Options Trading – How It Works:-
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In a genuinely open options exchange platform like TradEqual, where every trader can write options and sell and buy them, there is no hidden agenda or broker who controls the market.
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On an open platform, traders can see what options are being offered by other traders and at what prices.
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Traders can talk freely in the online chatroom and discuss about which options look more appealing than others and what commodities they want to buy and sell on the exchange.
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On a free and open market platform, trading is dominated by pricing. Traders who write options can set their own terms, including the option prices and pay-outs.
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The TradEqual algorithm makes sure that options are listed in price order, so that the most profitable investments are ranked higher than less attractive options.
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Through TradEqual, binary options traders can influence market prices by offering more attractive terms on the options they write than the options on offer from other traders.
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Trading on an open market platform creates competition between sellers to offer the most profitable options, making binary options trading more competitive and profitable.
Conclusion: –
If you are someone who enjoys the advantages of the free market and feels frustrated by the need to “beat the broker” on other binary options platforms, come and try out TradEqual – the truly open market exchange for binary options trading. For more information, click here!
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