Binary options trading is an industry that often takes a backseat to Forex trading. Perhaps it’s because this form of trading has only been around since 2009, while Forex trading has been available for over a decade. Or maybe it’s because binary options trading seems so straightforward that Forex traders are slightly wary of this type of financial venture. No matter what the reason is, we think it’s time to shed some light on binary options and to re-introduce this type of trading to those looking for a different challenge with a very high potential payout.

While we’ve long offered information about binary options, we’ve redesigned the page so that it offers a convenient look at the top binary options brokers. We’ve ranked our top 5 picks so that you can see at a glance which brokers we highly recommend, and we’ve compiled comprehensive reviews of the top brokers and others that we think are worth considering.

If you’re looking for guidance or tips for getting started, you can search our extensive list of binary options articles that deal that deal with everything from choosing a binary options broker to practical strategies for trading binary options successfully. If you’re ready to diversify your trading, binary options may be just what you’re looking for!

The Swiss Franc remains one of the safe havens among currencies. It just keeps getting stronger, especially against the US Dollar. The long term down trend continues and the price has set a new all time low at 0.8551 about 2 weeks ago.

That is where the daily chart formed a candlestick reversal pattern. It created a doji followed by a shaven top bullish candlestick, which produced a rally to 0.8946. At that point, the USD-CHF ran into a strong multiple resistances – from the trendline and a previous low. Such confluence often proves difficult to break, especially on a first try.

Last week saw the world’s major stock exchanges again all close lower for the third week in a row, with the single exception of the FTSE this time. In Europe over the course of the week, the FTSE put on a modest 0.38%, closing at 5948.5; the Dax shed 1.8% to close at 7266.8; the CAC weakened by 0.70% to end the session at 3990.5.

The Dow ended the week down by 0.67 finishing the trading session at 12512 Nasdaq ended the week down by 0.89% to close at 2803.3. The Nikkei declined over the course of the week, dipping by 0.43% to end the trading session at 9607.1.

Switching Forex brokers is something that all traders do sooner or later. The reasons can be numerous, and varied to say the least. Perhaps you have gotten a bad deal at your present broker. It is also just as likely you are looking to trade a currency pair that your broker doesn’t offer. Maybe it is leverage. There are actually quite a number of valid reasons to switch Forex brokers.

I can honestly say that the answer to the question posed by the title of this article will vary. Sometimes it is a good idea to switch brokers, sometimes it isn’t. This can be because of well-defined variables that you are trying to manipulate in your favor, or it can be for psychological reasons as well. Both are just as common as the other reason.

One of the times that it is a good reason to switch is due to the spreads being charged. For example, there are still brokers out there that have a 3 pip spread on the EUR/USD. While this was the norm a few years ago, it is rapidly becoming considered an outrageous spread in this pair. Leaving for a broker that offers the EUR/USD at 2 pips or lower makes sense as the spread is a “cost of doing business”, and over time can really add up to lost revenue for the trader. Besides, in this day and age, it is the same thing as a broker coming out and saying they are going to take your money.

If you have any questions or comments on any of the above Forex items or if you would like to suggest topics for future investing articles, please contact us.

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