Over a hundred Australian foreign exchange traders fight to avoid millions in losses

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Day traders should never be confused with day trippers … while most days they may have a one-way ticket, it might not always be a winning one. Basically a day trader is somebody who buys and sells shares and other financial instruments such as futures and options on a frequent basis.

Often it is within the same day and day trading brokers australia immigration on an active basis. For some it's an intensive hobby and for others they have given up their day job and spend every weekday watching the markets. Rarely would you find somebody start as a day trader from nowhere; inevitably day trading brokers australia immigration is an interest in the markets that builds up over time.

Daley describes the type of person best suited to active trading as someone "who has the time to monitor the sharemarket regularly, is able to analyse market and company performances, can understand the greater economic and business issues affecting industry sectors and is comfortable with trading stocks regularly.

You also need to be self-directed and disciplined. While not all day traders are alike, the one thing they all have in common is a strategy or trading plan. However, the nature of these strategies can vary significantly in terms of risk, assessment techniques, size and even types of investments traded.

Diversification is the name of the game, particularly if you are gearing into your trades otherwise the risks can be substantial. You need to diversify across companies and across industries, so that if one sector falls, you limit the downside. The Commsec product allows you to monitor movements as they happen, personalise your desktop for your trading day trading brokers australia immigration and place orders.

In addition to this, many traders use software programs or toolboxes that reflect their trading style. Some programs are set "black box" programs which just provide you with a proprietary system that tells you when to buy and sell without explaining the reasoning behind the decision.

You are probably better with a program that day trading brokers australia immigration you the flexibility to adapt it to your own needs. And this is where you need to educate yourself so you are in a position to make the toolbox your own and thus make wise trading decisions. What you choose will depend on your strategy. The different strategies include charting, momentum trading, mispricing and fundamentals.

Whatever strategy you choose you need to be disciplined in your trading to maximise your returns. So, for instance, if your rule of thumb is that once a share price grows by 10 percent, you will sell out, you should stick with it.

Commsec, for instance, has a tool that automatically triggers a sale when you reach your target. The new product on the block is the contract for difference or CFD, where you can bet on whether a share will go up or down without physically owning the stock.

However, as CFDs are traded using leverage, if you misjudge the market your day trading brokers australia immigration will be amplified. Another increasingly popular type of trading, according to Dan Semmler, associate director at Macquarie Equities Markets Group, is pairs trading where you go long in one stock day trading brokers australia immigration short in another but in the same market sector.

Karen Robinson from Queensland gave up full-time work as a professional musician back in to concentrate on day trading. Robinson is a chartist and so she chooses not to look at the fundamentals day trading brokers australia immigration the company at all bur rather the patterns in speculative stocks.

Her first foray into the market was back in the dotcom boom where she entered as a long-term investor only to see all her gains disappear when the bubble burst. It took me a couple of years to know what I was doing. By Gillian Bullock Mar 2nd, By Gillian Bullock, ninemsn Money Day traders should never be confused with day trippers … while most days they may have a one-way ticket, it might not always be a winning one.

So what is a day trader and what does it take to be one? More From Personal finance. The cost of carbon offsetting. Hobart, Melbourne rents soar for tenants as Sydney flatlines. The top 10 most in-demand suburbs and what it costs to buy in.

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Based in Australia, HighLow offer a superior binary options experience. Regulated by ASIC, the firm run an honest and transparent service with a great platform. In an industry which has been receiving a lot of bad press recently, it is refreshing to see a few companies have managed to rise above the furore in the binary options trading industry.

With their corporate headquarters located in Sydney, Australia, HighLow is one of the few remaining binary options brokers that are still going strong. Since its inception in , HighLow has been serving clients from all over the world. And over the years, the broker has earned a reputation of being a transparent and trustworthy broker. It is one of the handfuls of binary options brokers in the world that does not have a call centre operation. In other words, this broker does not pursue aggressive marketing tactics for its products and services.

As mentioned earlier, HighLow has earned a reputation among binary traders in the online trading community as being one of the few brokers that is trustworthy and transparent. While the bulk of the binary options brokers around the world have opted to shift their operations to a tax haven country in the Caribbean, HighLow has chosen to remain in Australia under the jurisdiction of the Australian Securities and Investments Commission ASIC.

ASIC is one of the few financial regulatory bodies in the world that is highly regarded in the financial industry as being strict, as well as professional. In other words, HighLow is able to offer its clients the peace of mind that their money will be safe with the broker. For access to the financial markets, HighLow has opted to adopt the white labeled trading platform provided by Markets Pulse.

While the trading platform does not have as many features as the popular SpotOption binary trading platform, it is well designed to suit the needs of traders who are just beginning to take up online trading. The main difference between the normal option contracts and the spreads options contracts is the fact that the expiry for the latter is extended to cover a range of prices rather than a single price level.

Traders can also check out their account status and keep themselves updated with a live news feed that is streamed through the mobile trading platform.

As for traders who are unsure of whether to commit to a signing up with HighLow, they can actually opt for the demo account first. The demo account is provided free of charge by HighLow and does not even require you to register. While the services at HighLow are exceptional, we noticed that they are a little lacking with regards to the list of available underlying assets.

Their asset list is not as extensive as what most binary brokers are offering in the industry. Currently, HighLow has only 43 different types of assets.

Nevertheless, the available assets are able to cover different asset classes such as currencies, commodities, and market indices. Customer support is another area which HighLow is sorely lacking. At present, you can only contact their support team through email and the telephone.

As for telephone support, the service is only available on weekdays from For the convenience of their traders, HighLow has provided support for a wide array of payment methods. Fund transfers can be made through bank wire transfer, credit cards or ewallets.

Withdrawals can be done through the above mentioned methods as well. The typical withdrawal processing time takes one day, if the request is made before the 2pm cutoff time. As a day trader, you are looking for a broker that can provide you with the ability to open and close trades within a short span of time. This is possible with binary options as the expiry time can be as short as 30 seconds. In other words, HighLow is a suitable broker for a day trader. Withdrawal requests at HighLow are processed on an intraday basis if the request is submitted before the 2 pm cutoff time.

HighLow is a reliable broker as they have been operational for a few years. With binary options trading, there is no leveraging of trades. As such, HighLow does not offer their traders any form of trade leveraging.

Brokers Reviews 24Option Avatrade Binary. Reviews 24Option Avatrade Binary. Demo Account Yes Min. Traders in Germany welcome.