TradeRush Review
TradeRush is a trading platform developed to make binary option trading easy, simple and efficient. TradeRush supports a variety of trading options including indices, stocks, commodities, as well as Forex currency pairs. TradeRush offers a tremendous payout of 81% for trades that finish in the money when the trade expires. An example of the payout is if the trader invests 400 in currency and the trade ends in the money, the payout will be the initial 400 plus an additional 324 for a grand total of 724.
TradeRush is web based which eliminates downloading a software program and then always checking for updates and a mobile app for those who are on the go, but want to keep up with trading portfolio. This gives greater flexibility to the platform and the trader more of a trading opportunity.
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TradeRush offers three types of options and include the Call, the Put and the One Touch. The goal of Forex trading is to predict if the option chosen will move up or down in price. If the trader thinks the option price will rise, they offer a Call. If the trader is correct, the trade finishes in the money and experiences a profit. If the trader is not correct, a loss will ensue. If the trader thinks the option price will fall, they offer a Put. If the trader is correct, they profit, if not, the trade is a loss.
The Touch option allows a trader to specify a range the assets will touch during the time of the trade run. If the asset does not reach that point or exceeds that point, the trade will end in a loss. If the trader predicts correctly, the trader will end the trade in the money. The Touch option is a particular favorite in Forex trading, but one of the most challenging. Experienced traders use the Touch option quite often and experience great success.
TradeRush offers a feature that is starting to catch on with other platforms and that is “60 Seconds.” It is designed for traders who like fast paced trading and to generate profits quickly. The option allows traders to choose the level they think the asset will hit within a 60 second time frame. Traders find this a great way to generate a quick profit following a significant economic event or announcement. TradeRush does not provide a demonstration account to test drive the platform, but the minimum deposit is 200 in current currency.