Binary Options scams are coming to an end
Binary Options have a poor reputation because of the bad actors occupying the space. Stories of traders unable to withdraw their fair gains, or outright scams, are plentiful. However there is now a solution, a fully decentralized digital options trading platform allowing traders to pocket instantly their gains, with price feeds provided by reputable third parties, without deposit required. This sounds impossible? Click here to sign up for free (trial with fake money) and see for yourself, or click on the following link for explanations about this groundbreaking scam free binary options concept.
Blog Digital Options
Here is our blog discussing various digital options topics such as binary options scams, brokers, trading strategy, how to open a binary trading demo account, signals, binary training, etc.
Trader’s Bay (Spectre): a new take on smart options trading
Spectre ai is not only trying to eliminate fraud in binary options trading. It is also innovating to reinvent the industry. After the introduction of the brokerless model, EPIC asset class tradable 24h a day and 7 days a week, the smart options platform has now...
Spectre.ai mobile app: now available
The wait is over. The much anticipated Spectre.ai mobile app is now available. Awaiting Google Store approval, the Spectre app can already be downloaded from the official Spectre.ai website : download app. Simply click on Download Android app from your mobile phone or...
Binary Options Strategies – How To Find The Best Trading Strategy For You
You may think that binary options strategies will be the same, but you are wrong. There are several distinct binary options strategies and each one has its own pros and cons. But if you have knowledge about the different types of strategies then it will be easy for...
10 Common Binary Trading Mistakes To Avoid
At the surface, binary options trading seems very straightforward. However, the fact is most binary options traders lose money. On some platforms, it can be as much as 80%. However, you can still be profitable with binary options trading. Avoiding the 10 common...
Learning candlestick patterns to trade binary options
Most binary options traders utilize Japanese candlesticks for taking decisions. Some prefer to use tick charts. However most of the time it's the multi-year-old candles system that is still being used today (candlesticks were invented in Japan a few centuries ago)....
Binary options Indonesia: deposit to Spectre with Fasapay
Spectre ai, the world's first regulated and broker-less financial trading platform, is rolling out a new full-fiat account. It means that as of now, traders can take advantage of the fairest binary options platform without getting exposed to Ether volatility....
Spectre.ai: how to switch to fiat?
Good news, the long-awaited fiat wallet is now available on Spectre.ai! Following the automatic conversion of ETH balances to USD (regular wallet, that holds ETH on Spectre Smart Contract; the fully decentralized wallet remains in ETH of course), Spectre is adding...
EPIC: a brand new smart options asset class available non-stop
You had always dreamt of being able to trade smart options anytime you want, weekdays or weekends, morning or evening, and if possible with enough liquidity to be able to trade in good conditions? EPIC solves all those issues with a one of a kind approach that can be...
Binary options in Europe: ESMA ceases product intervention
In a move that was anticipated the ESMA, the European securities market regulator, has not renewed its temporary prohibition of the marketing, distribution or sale of binary options to retail clients in the European Union. Not that the regulatory body believes all is...
Binary options in Austria: the Finanzmarktaufsicht issues a permanent ban
After issuing warnings, the Austrian regulator (Finanzmarktaufsicht or FMA) has moved to ban permanently binary options. As always with such decisions, it is not preventing Austrians to trade binary options. It is a ban that concerns entities that are regulated in the...
Binary options in UK : total ban as of April 2 2019
This is not an April fools joke: the FCA has announced that it will permanently ban UK regulated companies to sell binary options as of April 2, 2019. Going further than the “permanent temporary ban” of the European Union, the British regulator with totally ban from...
Binary options 10 sec expiry, 30 sec expiry: brokers 2019
You have been searching for the adrenaline packed binary options micro expiries that are 1 minute, 30 seconds or even 10 seconds? Brokers don't usually propose such short expiries, or they canceled it a while ago. Your quest is over: here is the only binary options...
Digital Options without fraud, without deposit, without broker intervention
Binary Options have a bad reputation because of the bad actors occupying the space. Stories of traders unable to withdraw their fair gains, or outright scams, are plentiful. The reason is simple: when you trade with a broker, you trade against his book. When you win a trade, you take his money, when you lose a trade he takes it. Therefore it is in his interest that you lose as much as possible. When brokers do not use dirty tricks to influence the outcome (price feed manipulation), they simply block the successful traders from using their service. The lucky ones get banned while pocketing theirs gains, the unfortunate never see the color of their money.
In an ideal world you should be able to trade against other traders, or an independent liquidity pool, to remove this conflict of interest. This is exactly what propose a new revolutionary smart options trading platform, Spectre ai. The core of Spectre is its DALP (Decentralized Autonomous Liquidity Platform). It uses the transparency of the blockchain, more specifically of the Ethereum network and its smart contracts, to provide a fair trading environment that does not punish successful traders.
How does Spectre work ?
THe DALP liquidity has been built thanks to the funds invested in the project. The money is locked on the Ethereum network, the flow of money is governed by immutable smart contracts. When a trader opens a trade it is matched with the opposite trade taken by another trader, if existing. If not the payout, in case of a positive outcome, is paid automatically by the DALP. If the trader loses the trade, the stake is added to the DALP to provide liquidity to winning trades. Spectre earns through fees (2% for the platform, 2% for the SXDT holders, the investors who funded the start-up).
Spectre proposes 2 kind of accounts : regular and wallet. With wallet you trade directly from your Ethereum wallet, which means you always control your funds and your gains are immediately credited to your wallet. With regular you deposit funds to Spectre smart contract.
I know nothing about Ethereum and cryptocurrencies, what to do?
You can of course learn about cryptocurrencies, but it is not even mandatory. Thanks to CASET, traders can seemlessly send fiat currencies (dollars, euros, yens, etc.) to the platform and start trading, the Ethereum conversion is handled in the background by the system. Same thing for withdrawals, when you want to bank some profits you just require a withdrawal. Spectre cannot block this procedure.
How can I be sure that the DALP won’t get drained?
Spectre has defined the payouts and maximum trade amounts according to the binary options trading statistics to ensure that the DALP grows slowly. Beta testing and closed private testing have shown that it the concept works perfectly. The DALP cannot therefore be drained.
Binary trading: legit if you know what you are doing
Binary trading is different of FX or other day trading opportunities. If you can set stop loss or take profit limits with FX trading, such options are not available with this kind of trading. As the name suggests it, it is binary: you either lose or win. It is a bit similar to sports betting, when you have to predict which team or player will win. With binary trading you simply have to determine whether the price of an assest will go up or down within a certain time frame (5 min, 15 min, one hour, etc.).
Technical analysis (TA) is the tool that traders use to be successful when trading binary options. They learn to identify certain patterns that usually tend to indicate a price direction. Tools allows traders to generate graph studies in order to take informed decisions.
Beside technical analysis, other tools are available to traders to increase their win rate. There are for example signals providers. Those services, that are offered on a paid subscription basis, simply give trading suggestions (from automated softwares or senior traders). With binary options signal providers one with zero knowledge can trade and eventually make money. Eventhough it is highly recommended to follow a proper binary training course and use signals as a help.
Binary trading course: a must
Where to follow a binary trading courses? The Internet is the best place to find such education. You will find some free binary trading courses. The quality will range from mediocre to average. It is still better than nothing if you are on a tight budget. Quality binary options training will most probably be paid, unless you know a trader that is willing to teach you how to trade. For example, Blue Sky Binary offers a complete range of binary and FX courses to help you to become a good trader. The monthly cost is 99 dollars, but you can have access to this BO training for free (click on the link to learn how).
Most brokers offer a demo version: it is highly recommended to practice and experiment with your strategies before trading smart options with real money.