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25+ Books and Articles a Modern Trader Should Read
We have carefully picked a wide selection of books that will help you with your endeavors of becoming a modern trader. They all are related to stocks, futures, and crypto. In fact, each of them takes a specific dive into one of the categories we have identified. Enjoy.
Part I: Theory, fundamental and technical analysis
These are fundamental books that educate about economics, money, and theory of trading.
1.The Ascent of Money by Niall Ferguson (2008)
Mr. Ferguson has created a true masterpiece by the encrusting history of our society into the massive track record of the financial evolution. Not only one begins to understand a complete landscape of the today’s financial instruments but also is able to track the path of their establishment.
With Ferguson, you will learn how first equities and stocks appeared, what role the banking system played in the world exploration and later industrialization, and even peek at maestros of hedge funding. Get it.
2. Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy (1999)
Next book has already served thousands of people as the Trading Bible offering the concepts of technical analysis and helping to apply this knowledge in the futures and stock markets.
Understanding indicators and being able to read charts is crucial in both trading and investing. The author leads his readers through an accessible overview of the technical analysis, prioritizing the futures markets.
Technical Analysis of the Financial Markets is the basic and first book in trading. Get it.
3. Encyclopedia of Chart Patterns by Thomas Bulkowski (2000)
This colossal work is a continuation of the field of technical analysis. Described as the encyclopedia for a reason, Bulkowski’s book elucidates performance statistics for bull and bear markets. The revised and expanded second edition of this bestseller includes 23 new patterns, containing a second section dedicated to ten event patterns.
Thomas Bulkowski teaches how to trade during the significant events: quarterly financial reports, retail sales, stock upgrades, and downgrades. It is a must-have reference for the modern trader. Get it .
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4. One Up On Wall Street by Peter Lynch (2000)
The book of Mr. Lynch is iconic in many senses: there are over a million copies sold; the author himself is a legendary mutual-fund manager who shares own experience and relates to his readers. He attributes financial success to an ability to spot investment opportunities which are “everywhere.”
One of the key ideas that Mr. Lynch shares with us is the advantage of the average investors before professionals. Since we encounter products and services right, left and center, paying attention to the best ones can help with finding the best companies to invest in before the analysts even discover them.Read it.
5. The Emotionally Intelligent Investor: How self-awareness, empathy and intuition drive performance by Ravee Metha (2020)
There is one more critical foundation that the modern trader ought to comprehend: Emotional Intelligence. Based on his expertise in neuroscience and trading, Ravee Metha revisits long-held assumptions and beliefs. He implies that a good venture starts with introspection.Get it.
6. Market Wizards, Updated: Interviews With Top Traders by Jack D. Schwager (2020)
An even deeper insight into the mindset of a successful trader. Schwager’s bestseller became a classic for the deeply insightful interviews with financial stars like Bruce Kovner, Michel Steinhardt, Ed Seykota, Tom Baldwin, and Marty Schwartz.
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In Part One, the author interviews experts in futures and currencies, who turned thousands of dollars into millions. Part Two covers mostly stocks while Part Five refers to the psychology of trading. “There is no other book like this,” says Nassim N. Taleb, a former derivatives trader.Get it.
7. Bubbles, Banks, and Financial Stability by Kosuke Aoki and Kalin Nikolov (2020)
For true geeks of finance, we offer to review a 40-pages long working paper by Aoki and Nikolov. The authors have made their research for the European Central Bank and a number of other reputable financial institutions.
This particular article reviews the significance of regular financial bubbles to the monetary system and society overall. Besides, it gives a glimpse at how to spot one and which poses a true danger to the financial system. Although this scientific approach with vast formulas can become a prerequisite for entering a short position, one must remember the educational purpose of the work.Read it.
8. Trading with Depth of Market by Guy Bower (2000)
DOM is short for Depth of Market. Learn more about market depth and how to read price levels which are updated in real time.
This short guideline will lead you through depth trading basics and setups that are applicable in most types of trading. It also includes numerous illustrations that become handy during practical application of knowledge.Read it.
9. Mind over Markets by James Dalton (1999)
Dalton’s work is the core foundation on Volume Analysis amid structured knowledge about order book and order flow. It has a massive value squeezed into 275 pages — the experience that normally would take traders years to obtain.
The Mind over Markets covers market structure, trending and bracketed markets, day timeframe trading and pattern recognition. It also teaches about long-term trading and what markets to avoid. The approach is elegant and simple — the author shows how traders and investors can quickly learn the nuances, features, and signals of the market in five basic steps.Get it.
10. Top 10 Trading Setups: How to Find them, When to Trade them, How to Make Money with Them by Ivaylo Ivanov (2020)
From breakouts and pullbacks to huge volume and mean-reversion setups, Ivanov explains which strategies fit different markets. His key message: a good trader adapts to changing markets and makes money both in a bull and bear market.
It is one of the most practical trading books ever created since it directly plunges into trading setups. Learn what strategies to use, when, how, and at which point to exit them. It is a game changer for the diverse market environment.Get it.
Part II: Trading Stocks
11. How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz (2020)
With over 750 reviews and a 4.7/5 rating, this book deserves your time and a place on a bookshelf. It focuses specifically on stocks and develops a definite understanding of ABCD Pattern, Bull Flag, VWAP, and other trading strategies.
A Ph.D. in Chemical Engineering but a trader by profession, the author knows what discipline in trading is. Get it.
12. The Day Trader’s Bible by Richard Wyckoff (1919). Edited Revisions 1999–2001
Wyckoff worked on the Wall Street during the Golden Age of technical analysis. He has gathered all his day trading experience and crystallized it in one vivid book. The very fact that some readers argue regarding the relevance of the century-old book underlines the ignorance of human psychology.
As financial history repeats in cycles, this should be a great motivation to reflect on the Day Trader’s Bible. You will find yourself returning to it frequently. Read it.
13. Pit Bull: Lessons from Wall Street’s Champion Day Trader by Martin Schwartz (1999)
If you think we are providing you with technical literature only, don’t get mistaken. This enjoyable book will lead you through the entertaining thriller of economic endeavors as Martin “Buzzy” Schwartz shares his autobiography.
“… most people think that they’re playing against the market, but the market doesn’t care. You’re really playing against yourself…” Get it.
14. Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude by Mark Douglas (2001)
In his book, Douglas reveals why most traders lack consistency and help them to overcome the innate mental habits that cost money. The author examines popular myths about the market and uncovers them one by one teaching readers to look beyond random outcomes and understand the true reality of any taken risk. Get it.
15. Trades About to Happen: A Modern Adaptation of the Wyckoff Method by David H. Weiss (2020)
Some call it a genuine reword of Wyckoff. The book analyzes markets one bar chart at a time, recreating the ambiguity of actual trading. It also emphasizes reading price/volume charts without overcomplicating it.
After completing Trades About to Happen, one can apply its knowledge on the nanoscale in the order book and utilize such concepts as climax volume and absorption. Besides, it includes a short study guide in the appendix to assist readers with mastering the material.Get it.
16. Trading and Exchanges: Market Microstructure for Practitioners by Larry Harris (2002)
User @mrizzo0 recommended this book on our Twitter and added: “you gotta know the rules and the enemy.”
Trading and Exchanges covers securities and contracts, the marketplaces where these are traded, and the rules that govern them. You will learn about brokers, dealers, arbitrageurs, retail traders, rogue traders, and how traders differ from investors and gamblers.
There is also significant information about exchanges, dealer networks, ECNs (electronic communications networks), boards of trade, crossing markets, and pink sheets.Get it.
17. Flash Boys: A Wall Street Revolt by Michael Lewis (2020)
Lewis appeals to a reader with a strong message: there are insiders on the Wall Street that rig the market. And this concerns even those who only have a retirement account. To most readers, Flash Boys has been an eye-opening piece with a true snapshot of the financial market.
How is it valuable besides an entertaining insight into high-frequency trading and algo trading? First of all, the reader becomes aware of the whole trading landscape, with its risks and uncertainties. Secondly, it becomes a motivation for diversifying the portfolio and becoming extra cautious to particular markets.Get it.
18. Mastering the Trade, Second Edition by John F. Carter (2020)
Mr. Carter will help you identify whether you are a good fit for trading stocks. The third chapter reviews tools for traders, although it does not focus on a particular instrument.
The book will also prepare you that sometimes it is OK to take a break, relax, and patiently wait for the right opportunity. There is enough of positive feedback from readers who also are swing traders. Get it.
Part III: Trading Futures
Here comes one of the oldest instruments — futures contracts. Either you are new to futures or already started trading this derivative, read our blog post on this topic.
19. A Complete Guide to the Futures Market: (Wiley Trading) by Jack D. Schwager (2020)
Schwager’s second and most recent book narrows down the topic to a complex world of futures. From the technical analysis, trading systems, and fundamental analysis to spreads and practical trading principles, this famous author successfully navigates any trader interested in the futures market.Get it.
20. The Simple Strategy — A Powerful Day Trading Strategy For Trading Futures, Stocks, ETFs and Forex by Markus Heitkoetter (2020)
This is a practical and clear guide to entry and exit positions. The book will instill knowledge about taking advantage of small intraday trends without sophisticated trading software.
In fact, it is not for novice traders or those who are looking for the Holy Grail or wants to automate his trading. Get it.
21. Options, Futures, and Other Derivatives (10th Edition) by John C. Hull (2020)
The book dives into the topic covering the industry’s hottest topics. It serves business and economics professionals and aids in overcoming the gap between theory and practice.
Understand the Black Scholes model at scale. Get it.
Part IV: Blockchain and cryptocurrency
22. Cryptoassets by Chris Burniske and Jack Tatar (2020)
What should a trader know about crypto trading? First of all, it is the new Internet, and unless one thinks of retirement, should he neglect such a delightful trading opportunity. Secondly, the authors demystify a vast number of ideas that have populated media and common conversations.
After reading this book, the puzzle pieces will join and readers will personally benefit from being aware of a new asset class.Get it.
23. Cryptocurrency Investing Bible by Alan T. Norman (2020)
This book will educate you on the following topics:
- Which way of making money in cryptocurrency suits you best.
- Where should you start if you have only $500.
- What information about cryptocurrency the experts withhold.
- How to elaborate a personal strategy, set up your own cryptocurrency business and earn your first $3,000–10,000 in 2020. Get it.
24. Cryptocurrency Trading: A Complete Beginners Guide to Cryptocurrency Investing with Bitcoin, Litecoin, Ethereum, Altcoin, Ripple, Dogecoin, Dash, and Others by Crypto Tech Academy (2020)
Much alike previous works with expert advice on trading, this particular book unleashes strategies on trading a totally new class of assets. Cryptocurrency Trading will explain the pros and cons of long-term and short-term investing in various virtual currencies.
It also explains how to store purchased coins, diversify the portfolio, and protect yourself from hackers and phishing. Get it.
25. The Internet of Money by Andreas M. Antonopoulos (2020)
In fact, we suggest to dig deeper and understand the underlying philosophy of cryptocurrencies. Why did bit-coiners counteracted the bankers? What is the potential of the new mythical technology called blockchain?
The legend in Bitcoin space, Antonopoulos not only will share the answers with you; he has been an evangelist of the Internet of Money for years. Get it.
Part V: a bonus
26. Thinking, Fast and Slow by Daniel Kahneman (2020)
Kahneman is a notable psychologist who improved our understanding of decision-making and behavioral economics. The Nobel Committee awarded him with the Prize in Economic Sciences of 2002 for the latter topic.
Significantly, his book covers three phases of Kahneman’s career: the early days working on cognitive biases, his work on prospect theory, and his later work on happiness. As a result, it introduces two systems that explain the rain’s formation of a thought: fast and slow. Get it.
27. Make Your Bed by Admiral William H. McRaven (2020)
Francisco Caselles suggested that anyone looking into trading must learn self-discipline. Make Your Bed by will prove that little things change your life “…and maybe the world.”
Don’t take our word for it; leading news outlets described it as “powerful” and a must-read for every leader.” Taking into account that in trading you are the leader for yourself, it might be beneficial to you. Get it.
28. Happiness: A Guide to Developing Life’s Most Important Skill by Matthieu Ricard (2007)
This blissful and intelligent manuscript will settle in your mind and open up a secret to harmony. Ricard’s writing examines years of scientific, cultural and philosophical exploration of happiness and attempts to answer a range of doubtful questions we all have had.
It reminds that happiness starts with our attitude and is a foundation of peace of mind.
Happiness will greatly assist you in your trading endeavors, both in high and low times. It will help you not to lose mind. Get it.
We hope this was enriching. There are enough brilliant authors and we could miss one. Please share a title or an author in the comments to this section if you would like to recommend more books on trading. Let’s remember that knowledge is the best investment everyone is capable of.
Bookmap is a professional high-performance trading platform. Over the last few years, it has set a new standard for accurate real-time visualization of complete market data. Traders can track the evolution of market depth displayed with heatmap as a 3rd dimension.
Customers include brokers, hedge funds, proprietary trading firms and individual traders. They use Bookmap for trading futures, stocks and digital/cryptocurrencies at CME, Nasdaq, GDAX, and other exchanges.
Interactive Investor Review
- Used by 100,000+ traders
- Established in 1995
- Regulated by Financial Conduct Authority
- Min. deposit from €1
To open a live account, you’ll need a minimum deposit of at least €1. Alternatively, Interactive Investor offers a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by . Interactive Investor puts all client funds in a segregated bank account and uses tier-1 banks for this. Interactive Investor has been established since 1995, and have a head office in .
Before we dive into some of the more detailed aspects of Interactive Investor’s spreads, fees, platforms and trading features, you may want to open Interactive Investor’s website in a new tab by clicking the button below in order to see the latest information directly from Interactive Investor.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
Losses can exceed deposits
What are Interactive Investor’s spreads & fees?
Like most brokers, Interactive Investor takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
The commisions and spreads displayed below are based on the minimum spreads listed on Interactive Investor’s website. The colour bars show how competitive Interactive Investor’s spreads are in comparison to other popular brokers featured on BrokerNotes.
|EUR/USD (Average: 0.7 pips)||Not offered||0.7 pips||0.1 pips|
|GBP/USD (Average: 1.1 pips)||Not offered||1.7 pips||0.1 pips|
|USD/JPY (Average: 1.1 pips)||Not offered||0.6 pips||0.1 pips|
|AUD/USD (Average: 0.8 pips)||Not offered||0.6 pips||0.2 pips|
|USD/CHF (Average: 2.3 pips)||Not offered||2.3 pips||0.2 pips|
|USD/CAD (Average: 2.9 pips)||Not offered||0.5 pips||0.3 pips|
|NZD/USD (Average: 3.6 pips)||Not offered||2.8 pips||0.3 pips|
|EUR/GBP (Average: 2.4 pips)||Not offered||0.5 pips||0.1 pips|
Spreads are dynamic and are for informational purposes only.
As you can see, Interactive Investor’s minimum spread for trading EUR/USD is pips – which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Interactive Investor vs. similar brokers.
How much does Interactive Investor charge to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) with Interactive Investor at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $0. Here’s a rough breakdown of the fees and how this compares against XTB & AvaTrade .
|Spread from :||$ 0.00||$ 2.00||$ 7.00|
|Total cost of a 100k trade:||$ 0.00||$ 2.00||$ 7.00|
|$2 more||$7 more|
|Visit ii||Visit XTB||Visit AvaTrade|
All fees/prices are for informational purposes and are subject to change.
What can you trade with Interactive Investor?
Interactive Investor offers over different instruments to trade, including over currency pairs. We’ve summarised all of the different types of instruments offered by Interactive Investor below, along with the instruments offered by XTB and AvaTrade for comparison.
|FX / Currencies||ii||XTB||AvaTrade|
|# of forex pairs offered||48||59|
|Major forex pairs||Yes||Yes|
|Minor forex pairs||Yes||Yes|
|Exotic forex pairs||Yes||Yes|
|Commodity CFDs||Interactive Investor||XTB||AvaTrade|
|# of commodities offered||21||16|
|Index & Stock CFDs||Interactive Investor||XTB||AvaTrade|
|# of stocks offered||1606||99|
|See ii’s Instruments||See XTB’s Instruments||See AvaTrade’s Instruments|
What’s the Interactive Investor trading experience like?
1) Platforms and apps
Interactive Investor offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here
Interactive Investor also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.
Still not sure?
2) Executing Trades
With Interactive Investor, the minimum and maximum trade requirements vary depending on the trader and the instrument.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that Interactive Investor offers its traders below.
- Low min deposit
3) Client support
Interactive Investor support a wide range of languages including English, Arabic, German, Hungarian, Polish, Chinese and Japanese.
Interactive Investor has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.
4) What you’ll need to open an account with Interactive Investor
As Interactive Investor is regulated by Financial Conduct Authority , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore Interactive Investor’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with Interactive Investor you can visit their website here.
- Written by Marcus Taylor
- Founder & CEO
Marcus founded BrokerNotes in 2020 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like. You can find more about BrokerNotes & Marcus here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.ii.co.uk/ on 01/04/2020.
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Fatal Trading Mistakes that Will Wipe Out Your IQ Option Account
Every trader has their story about how they almost or entirely wiped out their trading account. However, very few share these stories for fear of being ridiculed. I recently received such a story from one brave trader.
Sent via email, the trader simply stated “I JUST WIPED OUT MY IQ OPTION ACCOUNT”. Accompanying the email were two account snapshots which I’ve posted below.
SUBJECT: I JUST WIPED OUT MY IQ OPTION ACCOUNT
From the two screenshots, the trader had apparently lost $4000 in less than 12 hours. Each trade entered lasted 1 minute. There were 5 consecutive trades with only one winning.
Screenshot of wiped out account
Screenshot of 5 trades that wiped out $4000 within 12 hours
It’s sad to watch a trader lose so much money in such a short amount of time. Before, writing this, I shared the snapshots with other traders.
The question many were asking, “How can a trader lose so much money in such a short amount of time?”
Of course experienced traders know the reasons simply by looking at the trading history. These are some of the fatal mistakes I’ll share with you in this article.
Fatal mistakes that will wipe out your IQ Option account fast
Investing a huge chunk of your account balance on a single trade
This fatal mistake goes like this. You have a gut feeling that the markets are going in a certain direction. Based on this gut feeling, you’re “sure” that you’ll make a profitable trade.
So you decide to take a huge risk, investing a huge part of your account in that single trade. The trade loses, and you’ve lost too much on a single trade.
That’s what the trader did. The first trade alone accounts for more than a quarter his initial account balance.
Placing a large fraction of your account on a single trade
Now doing the same over and over again will definitely wipe out your trading account. Consider the trader’s second trade. It accounts for a third of the remaining account balance. Had the second trade not ended neutral (the price was the same as his trade entry so IQ Option refunded the $1000), he’d have lost a third of his remaining account balance.
This mistake stems from greed. You want to make a lot of money within the shortest amount of time. The only way to safeguard against this is to create a rational money management strategy. Most traders will not risk more than 2% of their account balance on a single trade.
The illusion of finding the holy grail of trading
Many of the traders who wipe out their account balances trade using tips. For them, tips represent the holy grail of trading. Most of these tips are provided by other traders but with a single twist – many are given too late to make a profit.
There is no such thing as a holy grail in trading. Many of the successful traders will agree. Successful trading is simply about minimizing losses and increasing winning trades.
It’s about emotional control, proper money management and knowing when to (or not to) trade. Successful traders also make losses. However, they aren’t too great to wipe out their entire accounts.
The search for the elusive holy grail of trading
Fear is the emotion that drives traders to search for hot tips. Even if they have enough information to get into the market and trade profitably, they still fear that they might be wrong. So they’ll search out a hot tip from a guru.
When they eventually enter into position, the markets have probably reversed leading to a losing trade. The sad thing is that the person providing the tip has nothing to lose. You on the other hand are risking your own money. It therefore pays to take responsibility by making your own trading plans and following them through.
Trading against the trend
Trading against the trend is another fatal mistake that will wipe out your IQ Option account. Trends clearly show you the price direction. So why trade against it? Take a look at the sample trend below:
- The trend is clearly heading up. Essentially, you must place a Higher trade. But notice the trend line showing an uptrend. Just as the price hits it, the trader should have traded higher. But instead chose to trade against the trend. Hoping the markets will reverse some traders will actually trade against the trend like in this case. The last three consecutive trades placed lost him his account balance.
Trading against the trend will eventually wipe out your IQ Option account
- Two exact trades at the same price point: This mistake goes like this. You’ve placed a call or put at a specific price point. However, the trade goes against you and you lose your investment. You feel that the markets are wrong so you move to prove this by entering that exact same trade.The result? A second loss of the same amount. This type of trade is driven by anger. Always remember that the market doesn’t care about your emotional disposition. All it does is provide equal opportunity for all to make money.
Command orders IQ Option
If you look at the image above, the trader has two calls while the price clearly shows a downtrend.
Trading very short time frames
One of the attractions of options trading on the IQ Option platform is the shorter time frames. It’s an opportunity to make money fast. But there’s one shortcoming; you have lesser time to think rationally before you enter into a trading position.
This doesn’t mean that 60-second trades won’t make you money. In fact they offer bigger returns than the longer time frames. However, if you can’t think rationally before trade entry, there’s a high chance that you’ll let emotions kick in.
This in turn increases chances of losing a lot of money within a short amount of time. Remember the trader’s account snapshot? He accumulated a $4000 loss in five 1 minute trades.
Have you lost money trading on the IQ Option platform? We’d like to hear about the fatal mistakes you made and how you recovered from them in the comments section below.
We recommend that you always start trading with the FREE practice account you can open here –>
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7 Binary Options
It is not often that we get to review a broker from Australia, so we are excited to take a look at HighLow, an up and coming binary options broker that is based there.
One of the things that make HighLow an excellent binary options trading alternative is the fact that it’s a regulated broker. They also offer their services in several places around the world including Australia, Europe, Africa and the Middle East.
Unfortunately, USA binary options investors cannot use the services offered by this broker, however, for US traders we have Binary Option Robot or BinaryCent. The HighLow broker also features a trading platform that is super easy to navigate and to use.
These are important features when placing trades and learning about binary options trading. In addition, the HighLow website is well designed, unlike many others that are cluttered with a lot of useless information.
HighLow staff ensured us different promotions are nothing out of the ordinary in their company so future traders can expect a lot of goodies. Current promotion includes up to $50 cash-back on the first trade.
Online since: 2020
Max Returns: 90%
Minimum Deposit: $10
Minimum Investment: $10
Maximum Investment: A$ 1000
Currencies: USD, AUD
Countries: All but US
– It is an innovative and forward thinking company
– They offer a large variety of option choices including advanced options
– Traders have a little more control over their trades than can be found on some other web brokers sites
– Outstanding Demo Account
– Low minimum Deposit
– Convenient mobile app
– $50 Cashback Offer
– It cannot be used by USA traders
7 Binary Options Rating:
HighLow is a brand of HighLow Markets Pty Ltd, an Australian company, holding an Australian Financial Services License, number 364264. As we have said before, regulated brokers offer several distinct advantages over non-regulated brokers when it comes to transparency and how they manage the money that is deposited by traders through the web broker.
Regulation also establishes a set protocol for complaints and requirements for insuring funds, just like a national bank does.Since it is an Australian site, those who favour trading in Australian dollars will not lose money on the rate exchanges to other currencies.
Sign Up and Trading Platform
The sign-up incentives on HighLow are above the standard offerings in the industry. They are currently offering a $50 cash-back on the first trade to all new traders that sign up with them. The sign-up process to trade with HighLow is relatively straightforward and uncomplicated.
One of the best features of the HighLow web broker is the large variety of option choices that this website provides. They include some advanced and potentially profitable options. Traditional options typically pay as much as 200% returns, while the more advanced option types, pay up to 100% return on investments on successful trades. These are exceptional returns when compared to other binary option website payouts.
When reviewing the HighLow brokerage site, we also found that not only does the expiration time impact the trade, but the spreads on the trades also give the investor a little tighter control over the outcome of the trade; this is a really beneficial feature for the trader.
Another outstanding feature is HighLow’s demo account. This is one of the easiest and most effective ways to learn how to trade binary options if you are new to this type of trading. It even helps veteran traders learn the platform when they first start trading with HighLow. The creative team at HighLow have incorporated the demo mode into the site so you don’t even have to sign up in order to use the demo services. When you first join the site, you will be given $10,000 of practice money to use with the demo account.
HighLow Website & Platform Overview
The eye-catching yellow-orange and black color scheme of the HighLow website is nicely laid out and immediately gives a professional look. On the homepage, you will find information about the types of binary options assets you can trade, the option types available, and the sign-up bonus. The transient screen also displays information about the distinctive features of the site.
HighLow’s website uses MarketsPulse as a trading platform, providing its customers with a smooth and hassle-free experience. They’ve also partnered with a data streaming company, Leverate, which provides safety and security for clients’ data. Also, the Trader’s Choice option on the platform activates after four executed trades and this provides real-time market sentiment of the traders online.
Taking a closer look at the assets, each one comes with a price chart and payout option alongside the trading time window. The 80+ assets available for trading include: precious metals like gold, a few stock indices (HKG33, UK100, US30, JPN225, and AUS200), and several currency pairs (including the most popular, EUR/USD, along with others like USD/JPY and EUR/GBP).
Highlow’s Platform allows you to place your trades easily
Navigating the site is a breeze. The creators have maintained simplicity and they have provided easy access to information including the broker’s FAQs, opening a demo or live account, choosing your preferred language (English or Japanese), as well as operational information on executing trades using their platform.
HighLow also allows traders to easily execute demo trades with one-click access…without even requiring your registration with the site! So, if you’re interested in trying out HighLow, then definitely take advantage of their demo feature (whether you register or not), particularly if you’re a new trader who has always wanted to practice trading with virtual money, before risking any real money.
Payout Percentages & Types of Trading
On the first tab of the HighLow platform, you can choose the normal High or Low trading option. This option gives you a payout of up to 200% of your invested amount on a winning trade, which is definitely among the best trade payouts in the binary options industry. So, by purchasing an option for the lowest investment amount ($10), you will receive a $9 profit payout if you win the trade.
HighLow provides several quick expiry options for those who prefer fast-paced trading. You can choose 30, 60, 180 (3 minutes), or 300 seconds (5 minutes) for short-term trades. You also get to enjoy the option of profiting on spread trading various assets, which can give you payouts of up to 100%. (More advanced options offer payouts of up to 200%).
HighLow is offering it’s users a 50USD cashback on signup
The spread binary options, combined with the short-term or turbo trade options, allow traders to diversify their trading portfolios and to trade a variety of expiry times.
HighLow also places limits on the maximum amount of money you can invest per trade and the exposure you can take at any given time. Other platforms tend to have lower restrictions with regard to this, so it’s something to keep in mind.
Regulation for HighLow
HighLow is regulated by ASIC, Australia’s regulatory body
Very few brokers available in this industry are actually regulated. You will find plenty of binary options brokers worldwide who don’t answer to any regulatory body, or who face some loose criteria that allows them, with very little capital, to open a brokerage company.
As a result of a lack of funds and the need to quickly raise capital, many unregulated brokers quickly succumb to the temptation of using traders’ funds and other shady tactics in order to run their business.
In some cases, some brokers are simply fly-by-night operations which are designed to take your money and run. Or, at the very least, they will make it impossible for you to withdraw your funds upon request…assuming you have any left to withdraw from your account.
The country of Australia is unique in that it’s especially difficult to find a brokerage company based there who has an official license. This is thanks to requirements of the official regulatory body, the Australian Securities and Investment Commission (ASIC), in order to be recognized as a regulated broker.
Not only does HighLow meet the threshold for meeting these regulations (making it a legitimate broker), but it offers traders some of the best protection in the binary options industry. With their license (number 364264) under the ASIC, this binary options brokerage company has had to meet certain criteria, such as:
- Separating trader funds into a client money trust account with the National Australia Bank, an AA-rated bank;
- Possessing large insurance policies for trader protection in case the company goes bankrupt;
- Requiring staff members to have certification and training to give members informed advice;
- And having directors and other key personnel with years of trading experience.
In addition, experts advise against using the advice of your broker to make trading decisions. Thanks to the ASIC, HighLow will only offer advisory services to its traders within the regulatory requirements and this is only provided by trained staff members.
The company also does not have automated trading capability, so you will need to use a trusted signal service, or your own trading method, in order to execute binary options trades manually.
HighLow Trading Software and Assets
We are really impressed with the interface on the HighLow web platform:
- It is among the most user-friendly platforms we have ever tested.
- The site is laid out in an easy to read manner yet it still contains a wealth of informative and important information.
- The option choices are displayed in what the website refers to as the ‘binary options carousel’; this format makes it really easy to sort through and to select from the many available options choices.
The traditional High/Low option is offered, of course, with this being the name of the web broker as well. Under the Quick Facts section, you will see that the typical returns on investment are as high as 200%, with some more exotic options offering returns of up to 100%, These return on investment offered by HighLow, are among the highest returns on investment among other binary options brokers in the industry.
Trading can be done by investing as little as $10 per trade. This is great if you are just starting out and don’t want to risk a lot of money until you have learnt more about how to trade. The broker also caters to traders that enjoy fast trading, with short expiry times and they offer 30 second, 60 second, 180 second (3 minute) and 5-minute expiration times.
The ‘option on demand ‘feature makes trading highly flexible and is a favourite for those investors who like to take advantage of short term patterns and other specific dynamics of the trading environment.
Another type of binary option that is offered on the website is FOREX Spread High/Low Trading. Spread trading is ideal for those investors that like to trade in a high risk and high reward type environment. Return on investment with this type of option can be 100% or higher.
HighLow also offers access to world class data streams:
- These services are provided by a well-known company called Leverate MarketsPulse
- It is also an extremely safe and secure web platform
- There is a Traders Choice indicator which also helps the investor to gauge current market sentiment
- The Traders Choice feature will appear after 4 trades are executed and will constantly update, depending on the expiration times that are chosen
- This feature can conveniently be turned on or off
There is also a convenient mobile app that can be downloaded to your smart phone or other smart device. This a great feature that offers flexibility and convenience to those that are limited in the amount of time they have to trade in front of their computers.
Customer Support and Services
During our testing of the HighLow support, we found their customer service to be responsive and professional. They offer service that is well beyond that which is required by the regulations they fall under. It is really impressive when a website goes the extra mile in order to take care of their investor’s questions and concerns. An internet search revealed many positive reviews of the HighLow website. Even their highly informative FAQ section is outstanding.
The best way to access customer support for the broker is by using e-mail. They answer your questions and concerns quickly as long as the question you have is not thoroughly covered in the FAQ section; we did not have a problem with this because their FAQ section is laid out so well and is easy to understand.
While we were initially surprised by the fact they do not offer live chat support, their phone support is a more than adequate replacement for this feature. Contact with Customer Support can be done in both Japanese and English.
How to Trade Binary Options With Highlow: a Video Guide
Neteller and credit cards seem to be the preferred methods for transactions with this binary options web broker. The minimum deposit for both is a low $50; one of the lowest deposit amounts in the industry. The minimum deposit for bank wire transfers is an extremely low $10. Transactions are simple and done in an encrypted environment for security purposes.
Please also note that:
- HighLow is one of the very few binary options web brokers that offer instant withdrawals in most cases
- They do charge a 2% transaction fee for withdrawal services but again, this is lower than the average throughout the industry
- The minimum withdrawal amount is $50 in most cases
- Bank transfers can be used for withdrawals and take approximately 1 to 3 days for the money to reflect in your account
- Credit cards cannot be used to withdraw funds
Customer funds are kept segregated for security purposes and safekeeping. The commonwealth of Australia has strict rules regarding banking and all trader funds are placed in a trust account with the National Bank of Australia.You can have peace of mind that your funds are secure with the HighLow web broker.
What Do We Think
There are many unique features that can be found on the HighLow website and this innovative site is a little bit of fresh air when it comes to trading binary options.
The number of option choices is outstanding and their free demo account is the icing on the cake. We have no problems at all recommending HighLow and encourage all traders to go ahead and try out this broker.
Customer Service: Email: [email protected]
Languages: English, Japanese
Trading Options: High / Low, Option Builder, Range Options
Assets: Currencies, Stocks, Indices, Commodities
Early close: No
Expiry Times: 60 second, 2minutes, 5minutes, 15 minutes, 1 hour and End of Day
Deposits and Withdrawals: Visa, Mastercard, Amex, Bank Wire, Neteller
Withdrawal Time: 1 day
Demo account: Yes
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