Get Started With Binary Options

Over the past few years, binary options have emerged as a new way of trading the financial markets, opening up exciting new trading opportunities for everyone to take advantage of.

Binary options are fundamentally a method of trading whereby a trader gets paid a fixed amount or nothing at all at a certain time. For example, you may execute a trade where you buy a binary call option for a stock to be trading at $50 with a payoff of $400. If at the maturity date of the option, the stock is trading at or above $50, you will receive $400 otherwise you will receive nothing. If you are on the right side of the trade, then you will have made $350 profit.

To get started with Binary Options trading, you should look around for a reputable broker. This broker should have a trading platform that you are comfortable with or is easy for you to learn how to use. Also, check that they have facilities for you to paper trade while you are learning and developing your trading systems.

Next, you will need to decide what trading system you are going to use. To start, you will need to make sure you have a solid understanding of how binary options work. There are many resources with in depth details, and many binary options broker websites will have tutorials to get you started.

Once you are up to speed with how binary options work and you have decided what trading system you are going to use, you should then start paper trading and/or testing your trading system with some historical data. You will also need to make sure that you are using an effective money management strategy so that you are assigning the correct amount of financial risk to each of your trades.

Finally, when you are happy with your trading system, you can then look at trading binary options through your broker. Make sure that you follow your trading system for the best results. Failing to trade you system often leads to losses in your trading account.

Remember that like all methods of trading, binary options requires ongoing learning and tweaking of your trading systems. Always keep yourself educated on new developments that you are able to take advantage of.

Free Compound Interest Calculator

Free Compound Interest Calculator ImageI decided it was time to adapt a useful piece of software that I use and make it available for everyone here to use.

So here it is – The TraderKnowledge Free Compound Interest Calculator.

This Compound Interest Calculator will show you graphically how much extra money you will make by reinvesting your gains and maintaining your principal payments.
[Read more...]

Online Compound Interest Calculator

We have just developed and released our Online Compound Interest Calculator here at TraderKnowledge.com.

We decided to develop this due to the success of our downloadable compound interest calculator as we have received requests from people who do not run MS Windows or who simply don’t want to run the software on their personal computers.

The Online Compound Interest Calculator is easy to use – just follow the instructions.

We would love to hear any feedback about how we could make it better for you, so please let us know.

[Read more...]

Why All Businesses Need Reporting Software Today

Running a business is not a task that can be described as a piece of cake. There are many important aspects of a business that has to be monitored in order to keep the business alive and one of them is reporting. Reporting is the primary requirement in case of all projects and duties pertaining to business. Without reporting, it would definitely be impossible for the business to monitor its performance, which in turn would affect the business’ goal of progressing at a desired rate. Therefore, every business, irrespective of its size and scale will definitely need a reporting software program in order to function optimally and effectively.

Today, we live in the age of computers and it won’t be an overstatement to say that computers are capable of replacing human labor! Moreover, human beings tend to make mistakes, but with computers, the scope of making mistakes is significantly less once it has been configured properly.

The very purpose of having a reporting software program is to have access to accurate reports that can be used as a benchmark for monitoring the performance and efficacy of business processes. Therefore, it doesn’t make sense to not use computers for the purpose of reporting because these are a better option of the two!

Why all businesses need reporting software today? Well, to begin with, there is immense competition in the market today, so it is important for all businesses to be on their toes otherwise they can be swept away by sheer cut-throat competition that is prevailing amongst the companies out there! One of the tried and tested ways of staying ahead of the competition is to have a reliable and reputable reporting software program in place. This kind of software program is extremely flexible and one does not have to deal with the hindrance of having expert programmers run such a software program because these generally come with very user-friendly and easily navigable interfaces. Investing in a high quality and efficient reporting software is money well spent for a business enterprise or an organization because it makes life so much easier for them!

A proper reporting software would be capable of retrieving and using data from multiple programming systems. The software program would even be able to integrate these data together in order to produce a detailed report. Moreover, the user of such a software program will also be able to have the reports in different database formats like MySQL, XLS, XLSX, WordML, DOCX, TXT, MIME email, PDF, RTF, HTML and so on.

As far as the databases used by such a software program are concerned, it is capable of using anything from tables to grafts to charts to figures. One can also keep the software program on ‘auto pilot’ mode by programming it to follow certain key instructions. Companies generally take advantage of this useful feature for the purpose of churning out accurate reports on a daily, weekly or monthly basis. Thus, the reason why all businesses need reporting software today is quite clear: it helps them stay ahead of the game while simplifying everyday business functions! A recommended piece of reporting software is this one.

Fibonacci Retracement Calculator Google Chrome Extension

Fibonacci Retracement Calculator Chrome ExtenstionWe have now released our popular Fibonacci Retracement Calculator as a Google Chrome extension.

This means that you can now do your Fibonacci Retracement calculations within your browser while looking at your favorite financial data pages.

Download here

How to Use the Fibonacci Retracement Calculator

To use the Fibonacci Retracement Calculator you will need to get the prices for the beginning and end of a trend and enter them into the “High for Range” and “Low for Range” text boxes of the calculator.

You can now click the “Calculate Fibonacci Retracements” button to get the retracement values from the calculator.

Market data can be obtained for free from sites such as ADVFN.com, Google Finance or Yahoo Finance.

Read more about Fibonacci Retracement Lines.

Pivot Point Calculator Google Chrome Extension

Pivot Point Calculator - Google Chrome ExtensionWe have now released our popular Pivot Point Calculator as a Google Chrome extension.

This means that you can now do your pivot point calculations within your browser while looking at your favorite financial data pages.

Download here

To use the Pivot Point Calculator you will need to get the previous days Open, High, Low and Close prices for a stock, currency or other financial instrument.

Market data can be obtained for free from sites such as ADVFN.com, Google Finance or Yahoo Finance.

Find out more about how to use pivot points in our Pivot Point article.

Be sure to check out our online pivot point calculator and our free pivot point calculator download.

Let us know what you think in the comments.

foo