They have positioned themselves as a full service broker for serious Binary Options traders. They are the first broker to implement the new Social Trading platform allowing you to copy the trades of the best traders.LBinary is distinguishing themselves with their high level of customer service and support. They provide 24/7 Live Chat and Phone Support in 4 languages. Training materials include free eBook, videos and personal trading guidance. Open an account and get a 30 bonus as well as 3 insured trades.LBinary has recently reduced their minimum deposit requirement to 250. For a long time they had positioned themselves as one of the elite full service Binary Options brokers providing high level customer support as well as expensive training. Most services were standard, bu they required a 500 minimum deposit. They have maintained the level of services and support and reduced the minimum to 250.LBinary is a professional full service Binary Options broker offering high level customer service. They also have an extensive education center that provides training videos as well as a free eBook. They offer the new iFollow feature which allows you to copy the trades of the top traders. We recommend LBinary and give them a rating of 4 out of 5 stars. Visit LBinary Now.Risk disclosure: Binary options trading involves significant risk. We strongly advise that you read our Terms amp Conditions. Although the risk when trading binary options is fixed for each individual trade, the trades are live and it is possible to lose an initial investment, particularly if a trader chooses to place his entire investment to a single live trade. It is highly recommended that traders choose a proper money management strategy which limits the total consecutive trades or total outstanding investment.TopOption is one of the most popular binary options brokers. TopOption is very popular because they are licensed and regulated in Australia, South Africa and most European countries. Traders can read the detailed review of Top Option here, or visit TopOption and start trading with as little as 200.Here you will see how to distinguish between a new broker and an established broker. Deciding which brokers make up the list of top binary options brokers is a difficult task for all new traders. There are more than 250 binary options brokers. There are many factors a trader must consider before choosing a broker.A top binary option broker is usually regulated by the financial regulator in the country they are based. Most of the top binary option brokers are based in Cyprus. They are regulated the Cyprus Securities and Exchange Commission, aka CySEC. CySEC was the first financial regulator in the EU to regulate binary option brokers. The EU law called MiFID allows a financial firm regulated in one country, to do business and provide services in other EU countries.I was recently turned onto to Forextradingresources as a new source of potentially useful binary options trading strategies. The site is packed full of forex resources and contains numerous, and I mean numerous, trading strategies. On the home page they are broken into categories like Scalping techniques, trend following strategies, patterns and so on. Since I like trend following techniques that is the link I first followed and was surprised at how many strategies the site had listed. There are 139 trend following strategies on this website with names like Quadpips, Koala Forex System, the Boomerang and todays choice, the Cobra.The Cobra strategy is one submitted by Joy22. This strategy is a trend following strategy and only takes signals that are in line with the trend in order to limit risk by capitalizing on market momentum. It is a short term trading system and utilizes trends occurring over the course of only a day or two. The system utilizes one hour charts and a 72 bar(hour) moving average to determine the current trend. If price is above the 72 hour moving average then the trend is up and bullish trades are made, if price is below then the trend is down and only bearish trades are made. Other indicators include a complicated set of simple and exponential moving averages and a 14 bar ADX applied to what is being called the Typical Price. Typical Price is the average of the high, low and close of each bar. The moving averages created a signal line that includes a buffer zone for added safety. Signals are only taken once price action moves beyond the buffer zone.Well, once you get your system programmed correctly for this strategy it is pretty simple. Trades are only taken with the trend, the trend is set by the 72 hour moving average. When price is above the moving average and trending higher you wait for it to retreat to the signal line/buffer zone and then bounce back out. The signal occurs with the first candle that opens and closes out side of the buffer zone. The same is true in reverse for a bear signal. When price is in a downtrend wait for it to climb back to the signal line and bounce out of the buffer zone.This system does not suck because it appears to work. Plus, it utilizes a combination of signals to determine trend and entry in a way that reduces risk and capitalizes on the day to day trends in the currency markets. Signals are clearly defined and easy to spot. It takes more than a simple touch or bounce from the signal line which is one thing I like. Too many strategies leave identifying the actual signal open to interpretation. Not with the this one. The use of high and low moving averages to create the buffer zone is a stroke of genius that I may add to my own analysis.This system sucks for one major reason, you have to have a highly adaptable trading platform to use it. It takes a lot of programming to get all the special moving averages and typical prices. The average trader, and especially newbies, does not have access to this kind of trading system.
