One of the most convenient and profitable brokers that you can choose in order to carry on binary options trading is the TraderXP. With their attractive customer friendly website, choice of over fifty underlying assets and a promise of 75% rate of effective returns, TraderXP has quickly become the favorite of the binary options brokers.
It is perfectly suited for the newcomers in the market because it is so simple and easy to use. At the same time, it also offers several advanced features for the veterans of the market. If you are new to binary options trading, you should know how to carry on TraderXP Trading to your maximum advantage.
The process of TraderXP Trading
The process of TraderXP Trading is very simple. It proceeds as follows:
- The first step is to Open an Account With TraderXP. When you open their website, you will find a button marked “open trading account”. Follow the stepwise instructions that appear when you click on this. You will be asked to submit some personal information which is kept fully confidential. Once the verification is complete, an account will be opened in your name and an email will be sent to you to this effect.
- The next step towards TraderXP Trading is to deposit money in your account. TraderXP has made the process simple and hassle free. You can use diverse methods to make the deposit. TraderXP accepts all the major credit and debit cards as well as noted e wallets like TraderXP Moneybookers. You can also use wire transfers to credit your account. The TraderXP Minimum Deposit amount is $200 while the upper limit is $1000. You can use American dollar or euro to make your deposit.
- Once the funds have been credited to your account, you can start the TraderXP Trading. The broker offers 53 assets including different stocks, indices, commodities and currency pairs. If you are a beginner, it is advisable that you start with small amounts and invest in assets or markets about which you have some prior knowledge. Just choose call or put option. You can follow the market price of the asset which is continuously displayed.
- The final step is to wait for expiry. Use the chart titled “Today’s Open Positions” to track the price movement so that you always know how your investment is faring. Once the trade expires in the money, you can collect up to 70% or even more profit on your original investment.
Use the several extra features to gain great advantages
As you become familiar with binary options trading, you can begin to use the several advanced features of the TraderXP Trading to increase your rate of return. Use their training videos, fee demo and trade manuals to understand the process in greater depth. Then, take advantage of their rollover benefits or the option builder to increase your profit.