Binary options are extremely popular trading instruments for investors of all sizes and skill levels. As the name suggests, the trader only needs to correctly predict the movement of an underlying asset to turn a profit. This is in direct contrast to traditional methods which will require the value of the asset itself to rise. Money can therefore be made even during a bullish market or in times of pronounced volatility. There are numerous platforms available to perform these transactions and some will be more useful than others. One unique portal is known as Ultimate4Trading. Let us now examine the Ultimate4Trading binary options trading algorithm in more detail to appreciate the benefits that are offered.
Why Use an Algorithm?
The world is now more interconnected than ever before. An event thousands of kilometres away can have an immediate impact upon the value of a share, an asset or even an entire index. It is nearly impossible for traders to keep abreast of the latest news within such a changeable environment. This is where the power of the Ultimate4Trading algorithm can be seen. Data is collated from various sources using lightning-fast methods. Examples of such information may include:
Late-breaking financial news.
Regional economic data such as employment figures.
Any changes in interest rates.
Political and even social events.
All of these instances fall under the term “big data”. Once such details are collected, the algorithm will analyse each in relation to a specific asset or position. It will then provide the trader with advice in regards to whether this position should be bought or sold.
How Does the System Work?
Although the method of data collection can be a bit confusing, the platform itself is quite easy to work with. There are three steps that the investor is required to make. First, he or she selects a signal. Then, the amount of capital is placed within this position. Finally, the trade is made. This process takes virtually all of the guesswork out of the equation.
Besides being an extremely user-friendly system, the algorithm and associated software are compatible with mobile phones, personal computers and Apple operating systems. This arises from the fact that the architecture is based in the cloud. There is no need for any download; freeing up additional memory space. Not only is the algorithm itself updated no a regular basis, but a demonstration account is available for anyone who wishes to determine its efficacy before committing to a live trade.
How Accurate is the Algorithm?
Ultimate4Trading observes that investors can enjoy an average of 70 per cent accuracy. This is thought to be the highest in the industry today. However, some independent websites claim that a predictive return of up to 85 per cent is possible.
These are some of the primary features within this one-of-a-kind trading algorithm. Of course, one should only become involved after thoroughly understanding the risks. Gaining access to a binary options glossary, consulting with other traders and experimenting with a demonstration account are all excellent ways to obtain further knowledge.