UPDATE – TraderAgency has unfortunately been forced to shut down. You can continue to find me here and on Communitraders with the rest of the coaches.
TraderAgency is a new website with headquarters located at 6252 Commercial Way #138, Spring Hill, Florida 34613. It is aimed at forex and binary options signals trading, but with a couple of interesting twists. The platform is the brainchild of Dillon Krieder, long time trader and accomplished eBusinessman. He has combined his years of experience with trading and marketing to produce a platform for social and copy trading that provides an avenue for traders and signal service providers to make money. The platform enables members to benefit in three ways; you can copy/signal trade with the pros, you can post your personalized links to attract new members or you can market your skills and services to other traders on the network.
TraderAgency is now in pre-launch, sign up is free for a limited time only, act now!
What Is TraderAgency
Coaching/Mentoring is one of the best methods of learning and is what TraderAgency is based on. As a social trader I am always listening to the advice of those with more experience, or passing on experience of my own, so the idea of mentors for trading comes as no surprise. I have even had my own coaches in the past, more than one in fact, and all have helped me get to where I am now. The hard part for most of us is finding one, and when you find one knowing if they are for real or full of BS. Forums are a great place to find advice but have one major drawback, they aren’t live so it’s hard to get real time advice. This is where TraderAgency steps in. An experienced professional with the goals of training and improving up and coming traders is an invaluable resource for new traders and that is what TA provides.
The main feature is the Training Center and Digital Library. It contains a full line of digital media aids for binary traders including ebooks, videos and full courses for beginner, intermediate and advanced traders. This feature costs $29 per month as a stand alone product, a real deal when considering it takes at least a minimum deposit to gain access to similar tools at a broker.
The Binary Options Trade Room is the flagship product. It is a live trading room where you can watch pros as they trade. Each pro gives detailed instructions into the technique and strategies used. Members can copy the trades and learn from them in real time. Pro traders have been recruited from the web’s top trading communities including Babypips and Communitraders. The session will be open 3-5 hours a day, 5 days a week, during peak market hours. This feature costs $99 per month and includes full access to the digital library and video courses. The live trading sessions are also recorded so you can review at any time.
One-on-One coaching is more expensive, $200 per hour, but is even more helpful for those trying to get a head start on trading. Members can choose from the top traders for one hour sessions on topics of their choice. These can include, but are not limited to, introduction to technical analysis, how to set up a trades, strategy development, risk management and many others.
TraderAgency Is More Than Binary Options Signals
The TraderAgency is more than a signal or copy trading platform. The agency is also a means for traders to market themselves and their products, including the agency itself. All members are automatically enrolled in the affiliate network which means all you have to do is post your link or sign up a few of your friends and fellow traders. In no time at all you’ll be able to make back your initial investment from joining the agency, and possibly earning a little extra to boot.
More advanced marketers and/or those with their own blogs, websites or social media networks may can create a nice revenue stream simply from signing up newbies. Add to this the Trader Market and things get really interesting. The Trader Market is where, for a one time $99 set up fee, traders/signal providers/software developers can market their skills and products on a personalized eStore. This is a perfect opportunity for anyone with the knowledge and desire to help other traders.
TraderAgency is currently in its beta testing and pre-launch phase. The site administrators and engineers expect to be fully functional sometime summer 2015. Until then they are accepting first round members and prospective marketers free of charge. This is a limited time offer so you must act now to participate. To go to TraderAgency click here.
Signals are a great method for copy trade binary options, provided you find a reliable source. Marketsgear.com is just such a place. The website is a dashboard for signal traders offering timely alerts useful for beginning and experienced traders alike. The platform supports over 60 assets, delivers more than 100 signals per month, carries a success rate over 80% and is completely free. I know at this point you are probably thinking scam but based on my research I think you can safely use this service.
MarketsGear is a stand alone that can be used across all of the major trading platforms so there is little fear of them working in tandem with a shady broker. In order to receive the signals you will have to open an account with one of their brokers, all of which are respected in the industry. It is in their interest to provide good trading tips and hook you up with good brokers otherwise no one would want to use them.
It is still possible to lose your ass by trading wildly but if you stick to some simple rules I think you will find the signals to be worth your time. The trick, and this is something that Marketsgear explains clearly on their website, is to use strict risk management and stick to one strategy – I’ll explain that in just a minute.
How To Trade MarketsGear Signals
The signals are delivered throughout the day when respective markets are open. This provides a potential window for trading that is 24hrs, depending on what assets you choose to follow. Signals are given for more than 60 assets with three basic strategies ranked by expiry; short term 15 minute, mid term 30 minute and longer term 1 hour. There will be signals for each asset in each time frame, you just have to wait for them to appear. The signals are also ranked by their probability. A five star trade is more likely to close in-the-money than a 4.5 star or 3.75 star signal. In order to get the best results it is advisable to choose an asset, but also a time frame and a risk tolerance. This means that you may only trade EUR/USD when it is a 30 minute signal and at least 4 stars.
Choosing a strategy as I described above is a great way to limit your risk and ensure you maximize your results but it is still possible to wipe yourself with risky behavior. This is why Marketsgear, and I fully support them in this, advises strict money management rules to go alongside your trading rules. They advise using only 5% of your account on any one trade, and to only have 15% (three trades) of your account open to risk at one time. I think this is a fantastic set of rules and ones that can be used even after you grow past the need for signals. I might suggest using a lower trade amount, like 3%, in order to get 5 trades instead of 3. Whatever it is you choose to do, choose to do it and stick to it otherwise you may find yourself busted simply because you lost it all on one lousy trade.
My Last Thoughts On MarketsGear Signals
MarketsGear is not infallible, no trader or trading system is. The system is a good one though if used correctly. The signals are timely and when used with the right approach can be turned into profits. I usually recommend for new traders to learn trading on their own but today what I want to say is this. You should learn to trade on your own but you have to start somewhere. Following signals blindly is a sure way to failure, following signals with the intention of learning is something completely different. Use the strategies, follow the assets, practice the account management, stick to the risk management and copy trade your way to success. Like I always say, fake it till you make it!
It is no doubt that copy trading is gaining traction. The appeal of following a successful trader and copying their trades is undeniable and a driving force behind an explosion of brokers offering such services. It has also led to a partnership which has propelled one social trading platform to the forefront. Zulutrade, a leading platform for forex social trading, has teamed up with SpotOption and is the power behind the popular iFollow copy trading platform. The partnership began in mid-2014 and is only one in a string of events signalling a growing acceptance of binary options by mainstream investment professionals. Other signs include binary platforms such as SpotOption including CFD/forex products as well as some popular forex brokers adding a binary brand to their offerings.
What the partnership means is that SpotOption has access to ZuluScript. Zuluscript is the language and algorithms which ranks traders by their success, displays the leader boards and links your trading account. What makes this deal of real interest to traders is that the technology is now available to the over 200 brands built on the SpotOption white label platform. There are currently dozens of brokers supporting the technology and a growing number of social copy traders to match. In addition, pro traders and signal providers can use Zuluscript to write EA’s for automated trading.