Trading your Banc De Binary account with Meta Trader is possible, but there are a few tricks you need to know.This article will tell you exactly what you need to know about Banc De Binary Meta Trader.
Trading with Banc De Binary Meta Trader
Meta Trader is the world’s best trading tool and chart analysis software. Especially Meta Traders Many traders desire to combine Meta Trader with the endless possibilities of binary options and Banc De Binary is understandable. The problem with this approach is that Meta Trader does not offer a build in support for binary options.
Meta Trader was designed to trade conventional assets. Therefore, it does not allow you to choose between different option types or expiration times. When trying to connect Meta Trader to your binary option broker, you face the dilemma that the two cannot understand each other. They speak different languages.
Luckily, there are translators. In the world of binary options, these translators are called connection providers. A connection provider takes the signals sent from your Meta Trader and translates them into signals your binary option broker can understand. In addition to the normal conversion process, your connection provider will enrich the signals from your Meta Trader with the information your Meta Trader cannot provide, such as option type and expiration time.
Most connection providers are easy to handle. To connect Meta Trader to your account you simply need to follow these steps:
- Register with a connection provider,
- Enter the details of your binary option account with your connection provider so that it knows where to send signals,
- Download your connection providers plug-in for your Meta Trader.
After these three easy steps you are good to go. From now on your connection provider will automatically execute the signals send by your Meta Trader with your binary options broker. To choose which expiration time and which asset type you want to use, most connection provider either offer a plug-in for Google’s chrome browser or a member’s area on their websites.
Connection providers also enable you to use Meta Trader’s highly effective auto traders with binary options. Your connection provider will translate any trading signal generated by your auto trader, translate it into a signal your binary option broker can understand, and execute it.
In general, connection providers are affordable. Most cost around $100 per month, which is easily less than what you gain from having such a prolific tool as Meta Trader in your arsenal.