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Finrally review - Binary Options Trading in USA & Canada (and rest of the world) - YouTube
Channel: Imba Trader
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Hello friends and followers, this is Imba
Trader and I’m in magical Venice.
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I’m still on vacation, but I do try to devote
some time to daily trading because in my opinion,
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this is the best way to make money online.
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So please watch the video, subscribe to the
YouTube channel, try free demo trading and
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let me know what you think.
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Alright, so I’m back to my hotel room.
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Today I wanted to review one of the brokers
that appeared in the market recently which
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has one really important feature that differs
it from the other ones.
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It does accept users from all over the world,
and yes, including the US, Canada and Australia,
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Israel, Europe, and all the other ones because
I get those questions on a daily basis like
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what are the brokers where traders from US
and Canada can trade.
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Because of the legal regulations, most of
them do not accept users from North America,
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Australia and a couple other countries, but
the one I’m talking about today, Finrally,
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does.
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I wanted to make a short review and go over
the features that it does have.
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So this is the main page of the broker.
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I do have the account already.
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I traded for a couple days.
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So I do log in here, and this is the main
window.
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My current balance is $7500.
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I already made several trades today.
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Here is the list of the trades.
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As you can see, those were the good ones,
because I was able to win four out of five.
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So I was making the $100 trades and on different
currency pairs.
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My payout was $190, $170, $185, $185, and
I lost this one.
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So basically, this is the nice profit in a
relatively short period of time that I spent
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today.
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Here on the left is the list of the assets
that the broker offers.
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Right now, it’s not the best time to trade
because the markets are closed, but still
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you can find some that do offer 90% payout,
and the movements are pretty decent here.
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All the other ones are in the range from 60,
70, 80% payout, which is definitely on the
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level of the markets’ average payouts.
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So you can take the trades which are the long
term.
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Basically if you do have some information,
some forecast that in a couple days, the assets
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can change in price, in a certain direction,
you can choose the date of the expiration.
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The intraday means that you make the forecast
of the trade by the end of the day.
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I do trade mostly on turbo options, meaning
that I do choose the short expiration time,
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mostly in the range from 1-5 minutes.
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Sometimes I also do from 5-15, but most of
the trades, like 90% are with the 1-5 periods.
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So what else is here?
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There are a bunch of instruments you can use
like market news, forecast, technical analysis,
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and all the other ones.
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But again, for me personally, for the strategies
that I use, they do work only when I do the
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long term trades.
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In cases when I do short term one, from 1-5
minutes, they basically can only define the
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state of the market at the current moment,
but not give me the right picture of how the
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asset will behave in 5 minutes.
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So for that reason, I do use only the indicators
which give me a pretty nice probability of
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how the asset should behave in three minutes,
in five minutes.
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For this purpose, there is a technical charting
tools feature in Finrally.
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The charting tool is provided by the TradingView
platform.
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It’s a charting platform which is very widespread
and popular.
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I do use it on a constant basis as well.
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Let’s check out the feed.
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For example, Euro, Canadian dollar.
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Switch to one minute.
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All right, those are some big pin bars here,
but still we might be able to do some trades
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over here.
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This is the main page of the TradingView charting
platform.
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So let’s take a look at the Euro, CAD.
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One minute and you see the price feed is the
same.
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It’s just the color theme that differs.
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I basically do the white one.
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Anyway, getting back to our trades, I do use
the settings including the candlesticks graph,
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one minute period.
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I do also at some indicators which help me
to define to make the right forecast, the
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Bollinger bands, Commodity Channel Index which
stands for CCI, and Stochastic RSI.
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So I did cover these in my previous videos,
but I do know that there are a bunch of new
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users that sign up to my social channels.
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That’s why I will try to briefly describe
them in each of my future videos.
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So if at this point, you got bored and you
don’t want to watch it anymore, feel free
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to check out the platform.
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The link is in the description, so you can
just register a free account and take a look
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at how the broker features work.
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I’m going to proceed and make a couple trades.
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So getting back to the indicators.
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The Bollinger bands is these three lines that
you see on the screen, the average one.
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The middle one is the moving average.
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The upper and lower one, they form the price
channel which helps me to make the forecast
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when the market is in range, basically when
there are no steep movements.
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Like here for example, when I see the breach
of the upper Bollinger band and the market
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is going basically more or less sideways,
it indicates to me that when there is a breach
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of the upper band, then the price should go
down.
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Here, if I would take one or two minutes trade,
it’s going to be a win.
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The same thing over here.
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You see some steep drop of the price, breaching
of the Bollinger band, taking the trade for
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the rise.
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This is a win again.
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The same, the breach of the lower Bollinger
band, taking the trade for the price rise.
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It’s going to be a win.
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Again, as I said, this works better with the
market that is in range when it’s going
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sideways, but in cases when there is some
certain trend line, the other two help me
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a lot.
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The CCI indicator has two horizontal lines
with the range of 100 and -100.
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What it does, it shows me the direction of
the trend.
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For example, if the line is going up, it’s
showing me that there is the upwards trend.
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When the line crosses the 100 point, it means
that there is some steep movement upwards
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of the price.
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At the moment when it does show the end of
the trend, some reverse movement, it means
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that the trend got out of the steam, and the
price should start moving in the opposite
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direction.
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So the same here.
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You see there was a breakthrough and it started
going back.
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The same here, the breach of the lower line
and then started going back.
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That’s why it helps me to define some short
terms trends.
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The similar thing with the Stochastic RSI
indicator, there are also two horizontal lines
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with the 50, 25 and 75 range settings.
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It shows me the oversold and overbought conditions,
meaning when the current asset is overbought,
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then the price should start going down.
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The same thing with the oversold conditions.
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When the price went far down, it means that
at some point in the closest time, it should
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start going in the reverse direction.
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So right now, there is not much movement on
the Euro, Canadian dollar currency payer.
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So I would go ahead – and you see we do
– the same thing is happening here.
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I wouldn’t consider it as the safe market
conditions, probably Euro, GBP, some better
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movements.
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We might get some better results here.
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So two out of three indicators show me that
probably there might happen, some upward movements
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in the near future.
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I would go for the call trade.
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I took the two minutes expiration time.
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Why I decided to do this, because the CCI
indicator is showing me that the price, that
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this smaller trend is going in the upwards
direction.
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The same here, though the 25% line isn’t
crossed significantly, but you see there is
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the intersection of the two lines and the
direction of the price feed is going up.
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That’s why I made this assumption that eventually
it should start going in the upwards direction,
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but maybe I was wrong.
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As you see, it might not be the case.
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So what I can do is just be ready to apply
the Martingale Strategy.
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When the assets price is at the point that
is lower as my previous trade, I will go ahead
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and make the same direction trade, but with
the bigger amount.
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I’m going to proceed with the $200 stake.
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Maybe I won’t need to do that, we’ll see.
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We’re going to be able to get this when
our trade expires.
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Anyway, I was using – all right perfect.
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I was right.
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So result is $180 revenue.
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I would take a look at couple other assets
so you have some better understanding of how
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things work, Euro, Australian dollar.
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There are some nice movements shown up here.
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Again, the indicators show me that price should
eventually start going up, two minutes, $200
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call stake.
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Let’s see.
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This is the list of the trades that I took
today.
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The results are pretty nice.
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That’s why I go for some bigger trades.
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Usually I try to stay in the range of 5% of
my whole account, meaning that I try to make
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trades that are not bigger than 5% of my account
balance.
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That’s why $100 bucks is pretty acceptable
for me in this case, but having a pretty nice
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ratio of wins during the day, I was able to
allow myself to go for bigger trades.
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Anyway, let’s see how it works out.
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We got about one minute left.
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It might not look that accurate, but still,
when we do have two indicators that are giving
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us the binary options signal, we still have
some nice probability of the win.
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I’m going to prepare for the next trade
because there’s still a chance of losing
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this trade.
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If this happens, I might just repeat it if
the conditions will allow me, but I won’t
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have to.
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All right perfect.
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The result is $372 revenue.
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I think my total account balance is $7700
at the moment.
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I think this is pretty good results for the
day.
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I probably will stop at this point.
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I will continue either tomorrow or in a day.
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I’m still on vacation, so I can’t devote
all my time to trading though I try to as
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much as possible.
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If you like the video, please subscribe to
my YouTube channel, to my Facebook group.
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I will try to post as much useful information
as possible there.
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If you’re interested in trading, especially
if you’re from US or Canada, because there
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are the countries that do not allow most of
the brokers, then go ahead and try.
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Register a free account and try trading using
the indicators that I mentioned.
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You might be able to get some decent results
as well.
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So thank you for your time and I will see
you later.
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Bye-bye guys.
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