Someone who knows the markets well and has been trading binary options successfully for many years and has plenty to teach you about the markets, binary options, as well as lead your development as a trader. Being a successful trader is much more than having a winning strategy. It is essentially a state of mind and a lifestyle. Finding someone who fits the profile of a successful and independent binary trader who will be willing to teach you to win may actually be very difficult.
The good news is that with the power of the Internet you can now find expert traders online and trade with them regardless of your location. There are a few professional binary traders that have mastered binary trading and are now sharing their techniques with people all over the world. They usually trade their live accounts and perform technical and fundamental analysis using free charting software.
This graphic below illustrates this basic setup. Subscribers can watch and listen to the entire trading analysis on their computer at home, regardless of their physical location. In addition, subscribers can communicate with the trader by asking questions via an open chat window during the trading sessions.
One of the main advantages of trading live with a professional trader is that you get hands on market experience right from the start. To enhance your learning experience you can add another monitor and set up your charts in the same way as your expert trader. That way you can view and listen to the feed on one monitor and on the other follow and test your own charts. Your expert trader will help you set up the charts on your computer.
The other most obvious advantage is that you get professional help and advice from a market expert in real time. You can learn from all the actions and comments of your expert trader as he examines the price action of various assets.
Your expert trader will show you what to trade, when to trade, and how to trade to win at binary options. This type of working day approach can be very liberating. Finding an expert trader may be quite difficult. There are many traders who specialize in Forex and spread betting but to find a dedicated binary trader with an impressive winning success rate is quite another thing.
There are, however a few professional binary options traders whose trading skills have been tested by many users. The following trading rooms have been in operation for many years and have helped thousands of traders. Most people who are interested in learning to trade and are paying for access to a professional trader want something more in return than just knowledge. All binary options live trading rooms cost money. Imagine how much money you would be paying for a similar, hands-on workshops at your local collage.
Below is a short list of the most popular trading rooms where professional binary options traders share their trading experience online in a live environment. You will be able to see their trading screens, listen to their commentary, and ask questions. This is by far the biggest and most successful binary options and Forex live trading room. It has thousands of subscribers and most of them stick around for at least couple of months. Join live trading sessions with Franco.
This room should be of particular interest to those who are based in the USA. The Exchange Traders offer binary options Nadex trading sessions. Trade live with Exchange Traders. Full review of Exchange Traders. Trading sessions can be a life changer. It has been to many traders who started that way. In order to really benefit from live trading sessions you really need to be determined to succeed.
In addition, you need to have a good Internet connection, at least a mid-range desktop computer or a laptop, and a quiet room where you can focus in peace. Without having to register with any broker, you can start with paper trading, where you simply keep a journal of your trades. The thing that you can expect from your live trading room sessions is the exposure to the markets and a professional trading routine. You can also expect to meet other experienced traders who will be part of the trading room sessions.
You will be able to communicate with them in real-time via online chat window and ask them for advice or share your trading experience. However, trading alongside a professional trader and following his trades will help to minimize your risk and relieve some of that stress associated with trading binary options.
Having said that, one needs to keep in mind that trading successfully comes with practice and time. Having a professional trader by your side will help you make money in the markets but not as quickly and easily as one may think. This is great advice. Why spend so much money on school and learning when you can plug in to a professional and copy his trades. I feel becoming rich already: Interesting approach to learning to trade binary options.
I might give it a try just to see how other traders work the system. I might give this a try. Thanks for the explanation. I was wondering if you can communicate with them via a teleconference but from what I understand from your review is that only a chat window is available.
Thanks for the article, very insightful. I always wanted to start trading the financial markets but I was always to afraid of not knowing what to do. Trading live with a trader would be much better for me I think.
I will give it a go with the Franco system and will let you know soon how it went. This is good advise, definitely. Any of these above mentioned services will do the job of saving you a lot of money and headache on account of lost trades.
I learned a lot just by watching some recorded live sessions. You can try that before subscribing. But if you want the trading signals than you have to subscribe. I think that Exchange traders are the only viable option for US traders since they trade on Nadex which is the only regulated binary options exchange in the USA. All other brokers that claim they are regulated in the US they are either misinformed or feeding you misleading information. Trust me, they will save you a lot of money and headache.
Your email address will not be published. Advantages of trading live with a professional trader 3. Where and how to find binary options experts 4. Is it worth it? How to benefit from your live trading sessions 7. Customer satisfaction in virtual environments: Menon — Management Science 49, no. Compare Signals Trade with a Pro. AndyH February 25, Metox March 13, Elena March 14, Ken March 14, Binary Tester March 14, If you have something very important to communicate you can contact him via Skype too.