Welcome to Smooth Trading
We'd like to welcome you to Smooth Trading. Here, you will find comprehensive information pertaining to forex trading, binary options trading, trading signals, and more. Forex trading, which involves the trading of currency pairs, has been around for quite some time and is a popular choice among traders. Equally popular is binary options trading, which involves entering into positions based on general predictions of asset price movement. Will the price be higher or lower when the position closes? Being able to determine just that more often than not will net traders some hefty profits.
In addition to providing educational resources for Forex and binary options trading, Smooth Trading provides broker reviews and recommendations. This is not just another review site, however, as we work to provide everything that one would need to know when screening and selecting a broker. The broker selection process is nearly as important as the process of actually trading, so allow us to be your guide through the enormous number of Forex and binary options brokers that are in operation today. You will find NO SCAMS on this site …. Just honest, reliable, ethical brokers.
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How to Make Money Online with Forex Trading
The Foreign Exchange (Forex) market is similar to the stock market, with the main exception being that the commodity is actually currencies. When trading Forex, you’ll be trading one currency for another, based on your speculation on the rise and fall of their value. The goal, of course, is to make a profit. What few people will tell you is if you dive into Forex trading without knowing how to trade, you're not likely very successful. However, success is guaranteed for those who take the time learn how to trade Forex well.Currencies trade in pairs and are traded on a margin. One example would be the EUR/USD pair. Here, the euro would be the base currency. If you think that the base currency will increase in value relative to the second currency (USD, in this example), you would enter into a buy position. If you think that the dollar will become stronger, you'd take a sell position for the base currency. Even the smallest price fluctuation in your favor can mean large profits, but the market can also move against you, which is why research and analysis are vitally important when trading Forex.
Best Forex Brokers
How to Make Money Online with Binary Options Trading
When trading binary options, profits are earned from simple predictions of asset price movement. To successfully trade binaries, a trader need only enter into a position based upon their forecast of whether the price of an underlying asset will increase or decrease. Unlike many other forms of trading, it is not a requirement that the asset price increase for a profit to be made. Even if the asset price drops, a profit will be made, so long as the trader entered the correct prediction. When trading binary options, a "Call" option is a prediction of a price increase, while a "Put" option is a prediction of a price decrease.
Binary options trades are timed, meaning that they will close at a predetermined time. The price of the asset at the time the trade closes is compared to the price at the time the trade opened. It is at this time that it will be determined whether or not a profit was earned. Today, some binary options brokers now offer extra features, such as the ability to sell a position and exit a trade early. However, the basics of binary options trading should be mastered first to ensure a profitable outcome on most of your trades.
Choosing the Right Broker
The act of choosing a solid broker is one of great importance. Most Forex brokers now offer the MetaTrader platform, which is excellent, but above and beyond that, there can be many differences. Trading fees, commissions, deposit and withdrawal fees, and other costs can add up. For Forex traders, other considerations include spreads, leverage, and asset variety. For those who trading Binary Options, there is also the consideration of asset availability, expiry times, entry rates and more. With so many things to consider, how can one make the selection process easier? The answer is simple - reviews.
Here you will find detailed information on the top brokers in the industry. We provide details for each of the aspects listed above, and much more. Deposit and withdrawal information is provided, as is information regarding demo accounts, broker regulation, deposit bonuses, and more. We encourage all traders to learn as much as possible about each broker before making a selection and before making a deposit. In some cases, traders will select and use more than one broker. Here, the same applies. The more you know about a broker, the better prepared you will be to trade successfully for profit on a consistent basis.
Forex and Binary Options Education