Trade Smart Online

[Raju]

How to earn money with binary options?
Every trader enters the trading markets with the objective to earning profit. If you as a trader have not been able to earn good sum of profit in traditional trading platforms then you must give a try to binary options trading. It is a reliable and safe trading option that is easy to follow, which help earn high profit in different financial markets. As a trader, you can easily earn huge profit, even if you do not have any prior experience of trading.

Thanks

Thomas,

What exactly is binary options ?


Regards,
Raju

 

[Mihir Bijur]

In Binary Options, you give some money to Thomas and he trades for you and give you easily huge profits.

 

[SmartTradeOnline]

Ok. Will upload our fix and then we can see which is better of the two evils.

Changed the brokerage calculator for options. Please let us know your feedback on the same.

 

[timepass]

Changed the brokerage calculator for options. Please let us know your feedback on the same.

What are the changes in currency options brokerage calculator ?? It still doesn't appear to be accurate.

Changing quantity to 1000 gives somewhat better picture, but one has to calculate Rs. 14 brokerage deduction.

 

[SmartTradeOnline]

What are the changes in currency options brokerage calculator ?? It still doesn't appear to be accurate.

Changing quantity to 1000 gives somewhat better picture, but one has to calculate Rs. 14 brokerage deduction.

Thanks for your prompt feedback. Yes the quantity is supposed to be 1000 and not 1. In the 0.7 Paise plan, the expenses are all calculated based on turnover and the brokerage on lot. Hence with just one of the information it is difficult to calculate both.

Since most people have issues with the statutory expenses we thought this approach might be a better evil.

 

[timepass]

Thanks for your prompt feedback. Yes the quantity is supposed to be 1000 and not 1. In the 0.7 Paise plan, the expenses are all calculated based on turnover and the brokerage on lot. Hence with just one of the information it is difficult to calculate both.

Since most people have issues with the statutory expenses we thought this approach might be a better evil.

That's one way of doing it. But you still have to show the brokerage in the calculations, else it's not accurate.

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Another way could be hardwiring the quantity :

1) In the dropdown list, instead of "Currency Option", just mention "USDINR Options"

2) Let the customer input "Quantity" as 1.

3) When the user inputs the "Buy Price" and "Sell Price", multiply them by 1000 to calculate the turnover so that the taxes are calculated accurately.

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Either way, the expenses must reflect the exact amount including brokerage.

 

[Mihir Bijur]

So the brokerage calculator is not accurate?

That's a big no no...

 

[timepass]

So the brokerage calculator is not accurate?

That's a big no no...

Only for currency options. Are you trading USDINR options?? For others it is fine.

 

[SmartTradeOnline]

So the brokerage calculator is not accurate?

That's a big no no...

Dear Mihir,
Calculator is accurate. It is just that for the 0.7 paise plan in options for the brokerage we are displaying a message that the Brokerage in case of options is Rs 7 per lot. The reason for this is that different contracts have different lot sizes. Nifty: 50, Banknifty: 25 etc.

What we are taking as input is the quantity and since it is difficult to calculate the number of lots from quantity alone, we are displaying a message instead of the brokerage.

This is only true with the 0.7 paise plan. The other two plans are absolutely perfect.

 

[SmartTradeOnline]

Only for currency options. Are you trading USDINR options?? For others it is fine.

timepass,
We've tried to find another solution to this. Please refer to the below url. It requires you to enter the number of lots in case of options.

http://smarttradeonline.in/orazen172/brokerage_calculator.php

Waiting for your feedback