State and forecasts of the binary options industry for 2020

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

State and forecasts of the binary options industry

The outgoing year has significantly changed the situation on the binary options market. The European Office ESMA finally introduced restrictive measures for brokers in this area of ​​over-the-counter trading. This was preceded by the complete absence of any kind of regulation, due to which the financial losses of retail clients of Forex brokers, binary options and CFDs were enormous.

What bans were imposed by ESMA?

Since July 2020, a ban has been imposed on the activities of retail brokers and dealing centers in the European Union, including the direction of binary options. Thus, every European citizen is no longer able to register and engage in trading on European sites. However, the ban bypassed those brokers who are registered in offshore zones – in Asia, Australia, and Switzerland, where conditions for regulating financial markets have long been created.

A number of financial experts and many traders were fundamentally disagree with the actions of the ESMA, since the market situation did not become better with their measures. Along with clients, reliable forex companies that have been operating for many years and have a positive reputation have suffered. The alternative as offshore brokers hardly saves the day, since the risk of losing money in them is even higher.

At the same time, binary options trading remained available for a certain group of traders who have professional status. But to get this status turned out to be by far not everyone, because very few people have an annual turnover on transactions exceeding 500 thousand pounds.

By the way, the restrictions have the prefix “temporary”, which gives some hope to interested market participants. But there is practically no chance that the market will return to its former condition, with the scam shook out of there.

Where did the negative attitude to the binary options market come from?

As mentioned at the beginning of the article, the negative surrounding the binary options market did not just appear. The enterprising Israeli developers of pseudo-trading platforms once filled the market. The essence of their work was as follows: by hook or by crook, force the trader to register with them and invest money in a promising direction of trade, after which, using clever software, to make the client stay with zero on the balance sheet.

For a while, unsuspecting clients from all over the world enriched fraudsters hiding behind brokering activities, but when the interests of American citizens were affected, the US security forces entered into the matter. As a result, many of yesterday’s pseudo-brokers executives are now in the dock, and against this background, the ESMA has imposed the same bans, killing an entire segment of trading on stock markets for European citizens.

How do brokers work after the ban?

After a ban of binary options ESMA, brokers began to explore the markets of countries outside the European Union. But for traders from Russia, nothing has changed, although in this country attempts are made from time to time to regulate previously unregulated financial areas.

But if we consider that Russia is not part of the EU, then European traders can use the services of brokers registered in the Russian Federation. With the exception of Israel, where a legal ban on any binary options after the hype with the fraud of Israeli brokers. By the way, US citizens also no longer have access to this direction of over-the-counter trading, for obvious reasons.

From Russian brokers attention is available a few. One of the best trading platforms today is offered by the company Binarium, which was founded in 2020. All these years, the developers of the trading platform have been systematically developing their product, winning customers like those familiar with trading, and those who are just interested and decided to learn option trading.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

On Binarium optimal conditions for work are created – an accessible entrance with a deposit of $ 10. The minimum size of one investment in the forecast for a change in the rate is only $ 1. For the operations of depositing and withdrawing funds, the most popular payment systems are connected to the trading platform. The minimum payout is $ 5.

Among the limitations of ESMA was a ban on all types of financial incentives – including bonuses. Binarium, which does not fall within the jurisdiction of the European Union, still charges new customers a bonus of 100% on their first deposit. There are also no deposit bonuses, which can be obtained by participating in promotions regularly held by the company in social networks.

Experienced traders highly appreciate the Binarium terminal – it is characterized by high speed, which is important in turbo trading, and is equipped with all the necessary indicators of technical analysis. There are applications for even more effective trading – signals from a professional trader in the “Trading Room” and trend monitoring (the “Trends” application).

Binary Options and Cryptocurrencies

For European citizens, all was not lost, as there were new areas of trade, such as Forex options and cryptocurrency binary options based on smart contracts. The latter is still in an embryonic state and is dangerous for inexperienced traders, since cryptocurrency is even more common fraud and lies for taking money from the public. But there is a prospect in 2020 in this direction, and now we will tell why.

Considering the BO market in general, we can say that traders always play against a broker. They offer their forecasts for price changes, but the system is designed so that regardless of the volume of transactions in two directions, the broker always remains in the black. Therefore, trading binary options, we are witnessing a dynamic decline in profits, the closing of trading pairs for trading and other things.

The developers of the Ethereum blockchain-based trading platform offer to change the concept of binary options and play not against the broker, but against each other. Then a number of restrictions that clients of classic BO platforms had to face, simply disappear.

Smart contracts in binary options can bring the market to a new level. From the funds invested by traders, a common cash desk is formed, bypassing the pocket of an intermediary broker. No one has access to this box office at all, so there is no temptation for anyone to appropriate it to themselves, citing violations of the rules and the use of system errors.

Payments are made automatically, going straight to Ethereum’s personal wallet account. From there, funds are invested in trade, without standard recharge. The developers of a crypto-broker, in turn, are content only with a turnover commission. Given the prospects of this direction, this commission will be more than enough for cryptogeny.

But let us emphasize once again that this trend is still very young, and what is being offered on the market now is far from possible perfection. However, a start has been made, and in 2020, binary options on Ethereum smart contracts will surely occupy their niche.

Binary Options Forecast for 2020

After the ESMA ban, large brokers did not abandon binary options and continue to support this area. They are actively seeking to take laxative measures from the regulator, however, their attempts have come to nothing. It is likely that in 2020 the picture with traditional binary options will not change.

Under such conditions, brokers are unlikely to limit themselves to entering non-European markets, as it is short-sighted to let the “target” audience “fed” for years. Therefore, brokers have no choice but to master new technological capabilities. Possessing significant resources, they should contribute to the development of binary options based on smart contracts.

“General Risk Warning: Binary options and cryptocurrency trading carry a high level of risk and can result in the loss of all your funds.”

Mention far-and-wide disruptions and the hospitality industry easily comes to mind. No aspect of the industry is left untouched, save for the basic principles of hospitality. Safe to say, today’s business models in the sector look like entirely different animals from their predecessors. Airbnb is just one earthquake that has jolted (and is jolting) the landscape. There are many more hospitality trends, which you’ll find out below.

As a business owner, keeping an eye out for the latest trends can help you stay on top of all the changes in the industry, events that impact how you do business. In this hospitality trends report, we will delve into the latest and most significant developments that are reshaping guest experience, tech adoption, and tourism, among others.

The hospitality industry is extremely competitive. It is a bustling line of business with myriad categories—from hotels and other accommodations to bars, restaurants, tour operators, and travel agents. And their race to ensure an exceptional customer service never ends.

Nevertheless, several disruptions tend to shake up the hospitality industry from time to time. For one, startups like Airbnb have created a significant impact on hotel businesses. Airbnb’s ability to provide more affordable accommodations is advantageous for customers, but not so much for branded hotels. Moreover, most hotels have yet to incorporate cultural experience offers similar to what startups like Homestay or Onefinestay do.

Digital hotel booking has also shifted from desktop to mobile. This led to hotel brands and booking engines quickly re-engineering their sites to keep up with this current trend. Additionally, mobile hotel sites now make sure to provide translations to encourage more overseas mobile bookings.

With the hospitality industry’s diversity comes a wide array of trends that you, as a business owner, should consider when developing your strategies to stay on top of the game. In the following sections, we will go through some of the trends shaping today’s modernized hospitality industry.

1. Online Communities

Concerning the hospitality industry, online communities changed the way businesses in the hospitality field interact with customers. Company websites, social media networks, and travel websites like TripAdvisor contribute to hospitality facilities’ take on transparency, leading to an improvement in the quality of services they offer.

Online marketing also heavily relies on multi-user interactivity. Hence, reviews found on the internet heavily affect a customer’s booking decisions. Word-of-mouth remains a powerful marketing tool, and combined with today’s digital platforms; customers can easily share their experiences in hospitality facilities. For business owners, this means they can easily find unique selling points.

Needless to say, positive reviews convert to economic value for your business. Potential guests are more likely to rely more on the reviews made by current or previous hotel customers. Moreover, the information you can extract from online communities, like the reviewers’ age, lifestyle, job, gender, and hobbies, will give you valuable insights. This way, you get updated with the current trends in competition and the upgrades you need to deliver better services.

  • Customers spend 19% more after engaging in a company’s online community. (University of Michigan)
  • Approximately 70% of companies believe that their credibility, brand exposure, and awareness can be significantly improve through online communities. (Martech Advisor)
  • The global online community market will reach approximately $1.2 billion by 2020. (IDC)
  • About 70% of large companies have online communities that are established, while only 40%t of small business has one. (Demand Metric)

2. Sharing Economy

The sharing economy is way past the experimental stage in the hospitality industry. It has been redefining the industry and is expected to grow in the coming years. Derived from the notion that mutual parties can share an unused asset or property, the sharing economy leverages technology to facilitate value exchanges. This could be through peer-to-peer applications, collaborative platforms, or shared marketplaces.

In the sharing economy, you can easily coordinate transactions via the internet. Although this occurs among private individuals, it has nonetheless created an economic impact for major and leading brands in distinctive industries. Airbnb, Expedia, and other sharing economy platforms are currently providing new hospitality experiences for customers.

For hoteliers as well, the sharing economy allows more flexible management. Lodging properties and accommodations listed on such platforms are not required to follow the same rules and regulations as traditional hotels. Thus, they can deliver more consistent and better customer services and vacation experiences compared to local hosts.

  • The sharing economy is seen to grow from $15 billion in 2020 to $335 billion in 2025. (Forbes)
  • 44.8 million adults were using sharing economy services in the US in 2020. In 2021, however, this figure is expected to increase to 86.5 million. (Statista)

Voice search is the current trend that cuts across different industries. Technology, after all, tends to be limitless in capabilities. Amazon’s Alexa, Apple’s Siri, Google Assistant, and Microsoft’s Cortana are the latest digital assistant technologies on the rise.

Though many consider this AI to be in its early stages of development, the model is based on conversational language. It aims to understand the intent and context based on previous queries. Furthermore, it wants to achieve perfection in contemplating multiple steps and queries, with more focus on actions, tasks, and transactions.

In the hospitality industry, voice search is increasingly transforming the booking process. Via smartphones and tablets, customers can now research and book their holidays. With the use of voice search, your hotel website conversions can increase as it connects you to qualified leads.

When it comes to online video sharing, YouTube is, without a doubt, the ultimate destination. The platform has established itself as a peerless social media website where modern video culture unfolds daily. Because of this, marketers have turned to YouTube to build brand relevancy and spur their video marketing strategies. However, positive results have been hard to come by, especially for marketers who are not abreast of key YouTube trends.

In this article we’ll reveal all the latest YouTube trends you should know. We’ve sifted through the staggering collection of videos on YouTube to spot trends that make sense to business owners, marketers, brand influencers, and advertisers. The goal is to help you use video marketing to promote your brand and keep up with the sustainably-minded consumers.

In today’s fast-paced business world, there are millions of products and services vying for consumers’ attention. The cutthroat competition has impelled marketers to try new ways to make their products known to the masses. One way is content marketing, which has become a pillar for many marketing teams. From blogs, podcasts, and infographics to ebooks, whitepapers, and case studies, marketers are all out to get the attention of their consumers.

However, over the years, video marketing has vividly overshadowed all the others. Video marketing has taken over marketing, and it’s easy to see why. According to CodeFuel, an average internet user stays 88% longer on a website with videos than without. Besides, the same study found that 64% of consumers are more likely to buy a product after watching its video. So, what makes video such an instrumental part of today’s marketing strategy?

Apparently, video marketing has two key aspects that make it truly irresistible. One, video is good at capturing your consumers’ attention. Today’s consumers have hectic schedules and often don’t have time for the lengthy, textbased product description or sales pitch. Video allows marketers to circumvent this problem. It makes it a breeze to provide information in a way that consumers want to engage with.

Second, with video, it’s easy to deliver information that tags at the heartstrings of your consumers. This is because videos blend sounds and visuals that evoke emotions more effectively than text-based content. This way, when consumers watch videos, they feel more connected to your brand or product and are obliged to take action.

Besides, with videos comes clarity. When these three aspects are welded together, video generates increased conversion and higher ROI. To illustrate, according to HubSpot, adding a video on your landing page can increase conversion rates by 80%.

1. YouTube By Numbers

Since its inception in February 2020, YouTube has grown exponentially to become the giant platform it is today. What started with a single, 18-seconds video called, “Me at the Zoo,” has developed to become the second most popular website, after Google. Today, there is a proliferation of YouTube videos with creators uploading 400 hours of video every minute.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

Like this post? Please share to your friends:
Binary Options: How To Start Trading
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: