Software used for binary option trading.guess many have been hearing about binary options trading but still wonder what it is all about or the type of software used in making analysis before trading binary option from various brokers.there are various software you can use to make analysis for
binary options trading, softwares like ninja trader, Fibonacci trader, meta trader etc.
out of all the software out there, meta trader 4 or meta trader 5, which is also know as mt4 or mt5 platform is one of the most popular and used platform used for trading forex and it is what i will recommend because it is easy and user friendly and free for all to use.the other trading platform like Fibonacci and ninja trader is not free.
it is used by professional traders and they buy the software.if you are an advance Forex or binary options trader and you have the resources to maintain such software, then you can buy it and use it to make analysis for your trading.
but if you are still new to binary options of Forex trading, then meta trader should be your best shot because almost all the Forex and binary options brokers make use of meta trader 4 or mt 5.so you too can download and start using it for your trading analysis.since you want to be using it for binary options trading, then all you need to do is to download and make use of it for technical analysis.after making your analysis, whether using Fibonacci retracement, divergence, rsi or cci strategy, you can then go to your binary option trading broker platform to place your trade.
you can not make use of meta trader 4 or mt 5 to place trade if you are dealing with binary options, you can only do that when trading Forex.so download meta trader 4 via XM Broker.you will need to create an account with them, then download their mt4 software by clicking PLATFORM at the top Navigation Bar, then click XM MT4 to download it.
if you have not created BINARY OPTIONS ACCOUNT
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