Most of the traders have several brokers already and understand the next phrase:
“ the more the merrier”.
Traders that have only ONE broker, this is a very important trading Trick. Open as many accounts as you can with minimum investment.
Why should a trader do so?
Well...
Here are couples of reasons:
1. “ Never put all your eggs in one basket “
2. Each Trading Platform has different expiry times and different assets for trading.
3. Different brokers have different strengths; some brokers are expert in currencies some in commodities, some in stocks.
4. Each broker provides his own opinion (information equals money).
How to use this information in trading?
A Case Example [Three brokers and a signal provider]
You received a signal / announcement / news - saying: " EUR/USD rising UP today "
SignalBinary Com says: EUR/USD - up
Broker 1: Says EUR/USD - up
Broker 2: Says EUR/USD - up
Broker 3: Says EUR/USD - up
Then 90% chance; EUR/USD will go up during the day and it will end in profit.