Best options trading platform in Kenya
An excellent options trading platform is a must for every dealer. An online trading system should be user-friendly. This should allow the trader to define their entry and exit points for each trade. To keep things simple, dealer should use a trading website that offers the best indicators for trading options.
Option - an agreement of 2 counterparties for the sale and purchase of exchange-traded assets at a negotiated price on the selected date. Distinguish options Put to sell and Call - to buy.
When working with derivatives, in simple terms, you do not acquire the shares themselves, oil, currency, etc., but the right to buy them before the chosen date at the price agreed by the parties.
Our trading website features various indicators and charts to help you catch the trend. One of them is the candlestick chart. Japanese candlesticks are both informative and descriptive charts. Analyzing Japanese candlestick charts is much faster than analyzing bars. The body-rectangle shows the difference between open and close, the color of the candle indicates its type (rising or falling), and the vertical bar indicates the minimum and maximum price values for the selected timeframe.
Moving averages are very important indicators for trading because they are very useful for informing buyers and sellers about the underlying trends in the market. One of the most widely used moving averages is the Moving Average Convergence Divergence, or MACD. This index is used to show a comparison between current prices and the average price over a period of several weeks or years. This indicator uses moving averages to help determine price direction. It does this by drawing a line through the closing price and linking it to recent highs and lows. With this information, he can determine where the market will go. This makes it extremely useful for trading as it lets you know which way the market is going.
Other types of indicators to trade would be simple moving averages and exponential moving averages. The Simple Moving Average is based on a function, which is a line connecting the highs and lows of a given time frame. Exponential moving averages are created using the logistic function. These two types of moving averages are useful when you want to determine how prices have traded over a period of time.
No matter which best options trading platform you choose, there are trading indicators that you could use. You just need to figure out how to translate them correctly.
One of the most significant things to keep in mind when working with an terminal is to always look for entry and exit points for an asset. The entry point is the beginning of active trading, because it is from the moment a trade is opened that a trader is involved in the work of forex. When you are working on a technical assessment, you also need to estimate how much time you are going to spend on this activity.
The most classic trading strategy is call and put options. They expire on a predetermined day, which is called an expiration point or date. Buyers have the right to demand performance of the contract at any time.
A call option is an agreement that gives the buyer / dealer the right to buy an asset at a desired date prior to expiration at a pre-agreed price.
When buying a put contract, the holder of this instrument will profit if the price falls. This type of contract assumes that the value of the underlying asset will be lower at the time of its expiration. When buying a put, the holder expects that when the asset value falls, he will be able to get the maximum profit, while the maximum that the buyer can lose is the amount of the premium paid to the seller.
You are of course better off working with a robust trading website that allows you to make your own decisions and customize it to suit your needs. If you do not understand how to do this, then you should turn to the services of professionals. You can get help online or from your financial advisor. Regardless of who you hire, you need to do your own research. Trading choices requires a lot of skill and knowledge before you can start trading.
Types of binary options?
Binary options, although a relatively new financial instrument, are quite diverse and accepted around the world. Today, more than a dozen types are used. We will talk about the main ones in this article.
The essence of all binary options is almost the same: you guess what the price will be, it will go up or down from the initial one. The return on such assets is usually from 65% to 85%. But when investing, the types of options differ in different additional conditions.
The main and classic variety is called differently. On the Internet, you can find names such as "All or Nothing". Brokers may call them simply "Binary Option" or "Price Above / Below", But they are the same thing. You specify the future direction of the asset price, the option term and the investment amount. If at the end of the contract the price of the asset changes in the direction you named, congratulations, you are making a profit.
All you need to know about the market is that the price will creep up or down from the current one. Agree, it's really not that difficult. Therefore, conventional lifting / lowering options are so in demand.
The “Range or Boundary” contract also refers to the simple types of binary options. Its essence lies in the fact that the trader must be told whether the selected asset will remain in a certain price range or will go beyond its boundaries by the time the contract expires.
There are One Touch contracts. The main goal here is to determine whether the price will touch a certain level or not. The difficulty is that this level is often set by the broker rather far from the real price. Therefore, when analyzing the underlying asset for which you are going to buy this option, you need to take this factor into account. When buying One Touch, you should understand that there must be a significant trend in the market during the week during which this contract will be valid. For this, some important data should come out on the underlying asset that you choose as a basis.
Forex agents provide all the services an individual needs to carry out the binary choice trading process. They accumulate commission against dealers who place trades and then distribute it among consumers based on the terms of the contracts.
Binary options risk management entails various technical aspects of the trading procedure. It starts when the dealer opens a trade and contracts by buying one option. The risk management procedure continues from the moment the transaction is closed, bearing risks until its expiration. Risk management also includes conducting proper market research to determine the most risky times to enter the sector and the cost of entering into a contract.
How to start trading options in Kenya?
You will come across quite a few brokers who offer to exchange options. It is not easy to understand how to find the best options trading platform in Kenya. It should be transparent, user-friendly, secure and professional. Our website possesses such qualities, you are on the right track.
To make everything clearer, run a demo account for trading options. This demo account can be used by novice and novice traders to familiarize themselves with the conditions and processes associated with Forex trading. Experienced traders use demo accounts to test their new strategy.
To open it, you first register on our website, it is absolutely free, wait for confirmation by email, and then you can open an account. For it, you will automatically receive $10,000 for your successful training. But it is important to remember that no real profit can be obtained from this account, as well as losses. This is just virtual money. It looks like a game, but not for fun, but for the benefit. A real trading account simulator will give you an understanding of how the trading terminal works and indicators that you can customize for yourself. You will learn how to read charts and in the end make the right investment decision. Many dealers really perceive trading as a game, investing a small amount of money for the sake of excitement, but most likely it will not be possible to make money on this, since they do not have knowledge of Forex.
With a demo account, you will learn everything you need to know, and the experience gained during the training will allow you to open a live account when market conditions are clear.
Of course, you can bypass the demo account and immediately open a real account. To do this, you will need a micro-deposit of only $10. To agree a convenient amount to enter the market, it will not allow you to lose too much if something goes wrong, but at the same time, if everything goes well, and you apply your knowledge, it will give you an impetus for future earnings. There is little to do - just register, you will succeed!
In addition, we offer you video tutorials that will teach you the basics of trading, our section with frequently asked questions also contains a lot of useful information for beginners, be sure to visit it.
For your convenience, we have developed a simple trading application, download it to your smartphone, or install the software on your PC and trade at any time!
Online trading accounts will allow you to understand how to trade options at your own speed and without worry.
Finally, it is important to get an education in the stock market before entering the stock trading arena. A basic knowledge of market terminology and how different markets work will help an investor understand the complex nature of the stock market. This will be especially helpful if someone intends to follow stock market trends or follow how companies are performing in certain industries.