When trading online, it is always recommended to choose a good broker and a valid and reliable platform, but above all regulated according to international and national regulations; among the recommended platforms also in the forums of enthusiasts and on specialized trading sites such as migliorbrokerForex.net is mentioned ProRealTime, a free online trading tool. It is not open source because you just need one registration to download it.
It is considered a very valuable tool to trade with binary options. The ProRealTime platform is available in many languages and, although it is complete in its basic version, if you subscribe you can get many additional services.
It is a technical analysis software that has among its strengths:
One feature that should not be underestimated is its ease of use. While it has a very professional structure, it shows a user-friendly, clean and easy to manage interface. The graphs - one of its strengths - can be freely "modified" by the trader (and customized at will with the addition of indicators and oscillators of analysis, trend lines, visualizations of support and resistance levels, type). All this is possible only by activating some functions, with a simple "click".
To download and use ProRealTime you must register for free (we recommend that you always check the compatibility with your operating system of your device, PC, tablet or smartphone). The software is easy to install, but if you prefer to test its validity you can try it for free and verify performance and operation with your own hands. The trial version is, in fact, very likely to be the complete one, providing users with a large amount of market data, different assets to choose from, such as NASDAQ indices, world indices, 47 currency pairs and different types of shares.
The platform is available in several languages (currently French, English, Spanish and Italian), and customer support is also in Italian. The free full version allows you to set up daily or longer timeframes; to access the version where you can set timeframes below the daily one, you need a subscription.
To use the software safely, the platform provides a manual for each function; also, it is always possible to compare with an active community of traders operating on the platform.
Among the services and functions made available to traders by ProRealTime is Paper Trading, a very useful function as well as "fun" in its practice because it is a trading simulator. For beginners, the use of a simulator - before risking real capital - is as useful as it is instructive, productive and educational. Activating Paper Trading allows you to open a demo account through which you can simulate with virtual money. The simulator is also very useful for experienced traders who are struggling with the development of new strategies, testing of oscillators and indicators, new combinations of assets. Paper Trading allows you to invest with a greater sense of security and with a near-reality approximation of success of almost 90% (because you can never be sure of winning 100%).
The graphs are extraordinary. In addition to being able to "customize" them, the interface allows you to view multiple screens at the same time, for example, through the software control panel you can open simultaneously lists of assets, forex graph and DOW graph. The only limit is the "overlap" of screens which, however, can be reduced, moved and positioned on the screen by simply dragging them with the mouse and in the order, you prefer to follow.
Among the customer services, ProRealTime offers SMS alerts: in the free version, only the first 3 monthly alerts are free. The service can be extended by purchasing 50 blocks of text messages at 30 €. The alert service is useful and avoids the trader spending hours in front of the application to check if a certain setup is taking place or waiting for the right trading signal. For support services, the platform can only be contacted by e-mail or telephone. The response is quick and punctual, in line with expectations and always consistent and decisive with respect to requests. The maximum waiting time is about 20 minutes, a satisfactory result considering the large numbers managed by the platform.
At present, ProRealTime does not offer the robot trading service, i.e. automatic trading, but can be used on mobile devices, such as smartphones and tablets.
The reviews of the traders using the platform suggest how the system is reliable, secure and stable, thanks to the use of 100% server-side technology, especially the use of ProOrder, the server with a feature through which the system continues and work and process orders even if the computer (or device in use) is off. This continuous "operation" of the server guarantees continuity and stability, as well as reliability, protecting traders and their transactions from any problems regarding individual workstations and PCs such as connection loss, blackouts, system errors that could compromise investments.
Another security element is encryption codes, every time the data is sent to the server; this means that before being transmitted over the Internet, all the codes are encrypted and to ensure confidentiality, no ProRealTime employee has the decryption key in full. To ensure IT security and protect the sensitive data of its registered users, ProRealTime voluntarily undergoes external control and verification cycles and applies action plans aimed at improving IT security.
The servers that use the program are of last generation and have a considerable computing power, moreover, are connected directly to the servers that manage orders, a system that makes the execution of orders more reliable and faster than the standard sending of orders from the home PC; the reliability of a system - as you know - is at least 50% more than the possibilities of profit and profit for the trader, so ProRealTime is one of the most popular platforms for traders.
Since trading has developed widely on online platforms, there have also been more and more trading forums where you can exchange opinions, deepen and broaden your knowledge through online trading reviews, find out about, practice, learn about market trends, stay up to date, collect suggestions, interpret market movements and derivative instruments.
Expiry is one of the most important trading instruments that concerns binary options. Such an element, if used in the best way and with determined wisdom can lead to an increase in earnings not indifferent; through trading at 60 seconds for example, you can get an increase in profits much higher than other strategies because the shorter the expiration the more the gain is insured, considering the speed in doing the trading.
Parabolic Stop and Reversal (Sar) refers to a trading system based on price and time. In the graphic aspect, it is represented by a succession of points above or below the prices, takes its name from the parabolic form that outlines in the graph. The succession of points of the Sar in the chart if it is built below prices means that it is in bullish trend, on the contrary if it is built above it is in bearish trend.
If it is true that more and more people are using online trading to round off their salaries, the market itself owes a lot to the internet and the traders themselves. The reasons why this market attracts more and more attention are that the costs for commissions are very low, not to mention the ease and speed in being able to meet certain economic dynamics (especially for a class of non-specialist people).