StockPair is one of the best binary option brokers in the world. With our StockPair tips, you can get even more out of it.
3 great StockPair tips
Tip #1: Get at least the gold account
StockPair uses a system with different accounts that rewards users with a high account balance. The most rewarding step up comes when traders receive the gold account status which starts an account of $5,000.
With the gold account, traders receive a 1% cash back on your overall investment, access to StockPair’s trading indicators, and an expert trader that evaluates your trading and gives you tips on how to improve.
Combined, these advantages are huge. They can make the difference between a successful trader and a trader that loses money. And, most importantly, these advantages are free. All you need to do is deposit at least $5,000 in your account. The advantages that come with the gold account are easily worth the bigger deposit.
Tip #2: When trading the pair options, use volatility indicators
When trading StockPair’s eponymous stock pairs, the secret to success is using volatility indicators. Stock pairs always run for the time of one day, one week, or one month. Over this time period, you have to predict which asset will outperform the other. Since you will almost never view a stock pair right after it started, you will usually encounter pairs where one asset is in the lead.
Naturally, the payout reflects which asset is leading. The front runner often gets a much smaller payout, sometimes only 20% or less, while the asset that is lagging behind can get a payout of up to 200%.
To know whether the front runner has a save lead, use volatility indicators such as the Average True Range. These indicators tell you how far the market can move over a given period of time, and allow you to estimate whether the lagging asset still has a chance.
If it does not have a chance, you can invest in the leading asset without thinking twice. If it does have a chance, you might want to go with the underdog.
Tip #3: Learn technical analysis
Technical analysis is the only way to predict short term market movements. Learn about technical analysis by studying our articles. Develop a solid trading strategy and stick with it. In the long run, this is the only way to become a successful binary option trader.