Redwood Options has updated their website and launched several new and exciting features for the benefit of users. The Follow Feature, Ladder Options Feature and Forex Feature were all designed specifically with traders in mind to provide the best binary options experience possible. Additionally, the recently updated Refer a Friend Feature makes it easier than ever to share this platform with friends and family. Read more below:
The Strategy Advisor is one of the newest types of binary options trading tools. This tool allows a trader to choose from three different analytic strategies and use them for further insight into the behavior of different assets. The three strategies used in the Strategy Advisor are the Relative Strength Index (RSI), the Moving Average and the Bollinger Bands strategy. Strategy Advisor calculates and analyzes chart data and provides a call/put recommendation based on previous expiries of the asset. Download PDF to read more.
Learning from the actions and experience of others is a sure-fire way for a trader to improve their skills and expand their binary options knowledge. Redwood Options Follow Feature is a brand new element that enables users to track the actions of leading traders and mimic them. After selecting successful traders to follow, the user then has the opportunity to imitate the actions of these traders based on their own personal specifications. The trader can select an amount of time to follow another user, an investment transaction and a max investment limit in line with their trading preferences. It doesn’t matter whether a trader wants to learn from those with the highest earnings or just doesn’t have the time to identify lucrative trades for a few days. The Follow Feature is an innovative tool that helps traders make successful investments.
Redwood Options has recently implemented forex capabilities, permitting forex-type investments with a binary options designed strategy. This provides users with increased flexibility when making a trade, ultimately allowing them to increase their chances of making a profit. In order to make a trade using the Forex Feature, the user first selects a contract size value. They then set their Stop Loss, Take Profit, direction and position. Trading forex with binary options has many benefits for investors. The primary advantage is that gains and losses are fixed and the option expires within a specified time period. This means that even with immense depreciation of a currency, the potential movement of a traders investment remains fixed. And with expiry times still in play, there is no need to worry about the movements of the market when sleeping, working, or otherwise unavailable. This new feature combines the fun element of trading forex with the security of binary options trading. Please note, however, that forex trading regulations vary by country and may not be available to traders in all regions.
For experienced binary options traders, Ladder Options are a great addition to a trading strategy. They allow users to work even more in depth with options they are trading by predicting numerous strike points an option might hit. When this feature is utilized, a trader will see a range of pre-defined price levels on an asset in the Call or Put direction, depending on their original prediction. The trader can then decide if the option will hit these various strike points and make investments on each. This allows a user to continuously reap rewards as the value of an option “climbs” the ladder, instead of gaining only when the price of an asset moves above or below a certain point. Users can now retain earnings based on the continued movement of an asset, with returns reaching up to 1500%.
Redwood Options thrives on the support of their loyal traders who share this platform with their friends and family. Refer a Friend rewards these users for sharing the love of binary options – no strings attached. With a new and improved Refer a Friend mechanism, users can now refer friends to Redwood Options instantly via a specialized link or Facebook post (referrals by email are still enabled as they always have been). Once the friends makes a $200 deposit, BOTH the referrer and referee receive a $50 bonus deposited directly into their accounts. There is no limit – the more friends you refer, the more bonuses you will receive. This is our special thank you to our most valued and loyal users. By sharing our platform, everyone benefits. And it starts with you.