Social Trading Binary Options

Social trading is the latest trend in online financial trading and comes in many forms. It makes use of crowd sourced information, user generated content and social media to build community among traders for education, discussion, camaraderie and trading signals. Of all the innovations in modern financial trading it is by far the best, there is power in numbers. The unfortunate truth for binary options traders is that most of the “social trading” features offered by the average broker are nothing more than marketing gimmicks and not to be trusted.

Features like market sentiment indicators and copy trading may seem like a good idea, and would be if executed differently, but in the hands of the shady broker are tools to lure in get rich quick wannabe traders. I’m here to help you find the right, and the best, social trading there is. I’m here for you and will help with anything I can.

Binary Options Social Trading

Regardless the source, social trading binary options is here to stay. The question is, which platform or platforms will you choose? The best social trading platforms will include at least the three pillars I find most important; a forum, full profiles and copy trading. Not all are the same and each comes with attractive features, as well as added risks. You can learn more about the different types of social trading platforms and where to find them here, within this website.

CC ASA 2.0 via Wiki Commons Ben Tubby photo
Social trading binary options is more than just copy trading and follow the leader. There is more to it than black and white.

I’d like to say that there is one website or platform that has all there is to offer but so far it is not true. For you, the trader, social binary options trading may take more than one website but that is not a problem. Even if one place had forums, profiles, demo trading, copy trading and live real money trading I would still recommend you use different sources. I have found that each forum I am a part of has its own personality, attracts its own types of traders and has something unique to offer. In the end they all start with a leader board listing the top traders, what they trade and links to follow and copy.

The Best Broker For US Traders

There are a lot of great choices of broker out there but for US traders (for all traders really, since NADEX accepts individual accounts from around the world) I only recommend NADEX. NADEX is the only US CFTC regulated exchange or broker with the assets and expiry to meet the needs of today’s active traders; the reason I like them so much is because of respect. As a member of the exchange you can always depend on the safety of your deposits, trust in the speed of your withdrawals, enjoy the fasted paced and most exiting trading around, get the highest payouts and never be subject to annoying phone calls or emails pressuring you for more deposits or to let an “manager” trade for you. There is no copy trading feature on the platform, but that’s OK, that issue can be alleviated by following along with your favorite tips, signals or trader in any forum. My top tip for trading NADEX is to use the demo account, it’ll change the way you think about binary options.

Who Is Michael Hodges

Michael Hodges Social Trading Binary Options.
Michael Hodges Social Trading Binary Options.
I live in the mountains of NC and have for over 18 years. I am the son of two eastern NC rednecks, one a former Army helicopter pilot the other a designer seamstress. I grew up on bases all across the southern US as well as Germany, which I think of as a second home. Since leaving to go out on my own I have been a carpenter, a chef and an insurance salesman, all to varying degrees of success.

My life has been full of struggles, some good and some bad, but the best of all has been my struggle to master trading. I never really appreciated the feeling of personal accomplishment until I was introduced to and challenged by the financial markets. Learning about trading, technical and fundamental analysis, investing and market speculation has been my life’s work. I have come a long way in the last decade and hope to continue growing in the future. Trading is a lifestyle and you must embrace it if you are going to be successful, when you do you may find the peace of mind and personal satisfaction that I have.

Social trading binary options with Michael Hodges, binary options watchdog

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