Binary Options Strategies is the most interesting topic in the binary trading business. No doubt that beyond all of the auto traders & binary signals services the passion to trade by your own knowledge and skills is huge and fascinating. We will provide you with a variety of powerful, useful and profitable strategies for your online trading method. We’ll use on our strategies reviews with a common indicators you probably know, but you might don’t know how to use them the right way. The most common indicators that we will use are : MACD, DAX, Bollinger Bands, Moving Average, RSI and Stochastic.
The technical analysis involves studying the exchange rates charts of different assets in order to predict their future orientation. This type of analysis is based on the technical analysis of each binary options strategy. This theory, on the principle that the “market remembers” its means that what has been observed in the past, reiterates itself again today and in the future. In other words, the analysis of decades of charts histories has enabled the technical analysis to identify specific contexts where it becomes possible to predict the future orientation of an exchange rate with a significant reliability. The technical analysis therefore consists of studying the charts using technical indicators and observing patterns of graphics and / or candlestick charts patterns. This type of analysis is most commonly used by traders. Many books and websites will inform you about its learning, its method of application and the different strategies associated with it. We highly recommend the FreeStockCharts, a great & free service for your binary options trades, a great tool for free!
Trading with fundamental analysis:
Fundamental analysis is the another branch of market analysis for binary options strategies. This method focuses exclusively on economic statistics and the overall economic climate to predict the future orientations of the exchange rate. For example, the crisis of 2008 was an excellent opportunity to stake downwards on the main publicly-traded companies, especially the banks and investment funds. On a smaller scale, dozens of economic indicators are published daily. All these economic figures are available in economic calendars available online on the internet. The real-time monitoring of these new ones can help you take decisions to increase or decrease the principal instruments traded in binary options strategies, including the currency pairs of the Forex market.
Real Time Economic Calendar provided by Investing.com.
Creating a Trading Plan:
Binary options traders should try to learn about their area of interest as much as possible. For example, if the trader deals heavily and is interested in currencies market, it makes sense for him or her to become knowledgeable about that business. Similarly, if he or she trades heavily in commodities, it’s fairly logical to want to become well versed in that arena.
To do this, start by formulating a plan to educate yourself. We highly recommend to join Mike’s signals group on Facebook and to be part of the biggest manual signals service in the industry with more than 3700 real and active traders from all over the world. Also, it makes sense to plan out and devote as much time as possible to the research process. That means studying charts, speaking with management , reading trade journals or doing other background work so that when the trading session starts the trader is up to speed. A wealth of knowledge could help the trader overcome fear issues in itself. In addition, it’s important that the binary options trader consider experimenting with new things from time to time. One of the best ways a binary trader can learn is by experimenting – within reason. This experience may also help reduce emotional influences.
Finally, binary options traders should periodically review and assess their performance. This means not only should they review their returns and their individual positions, but also how they prepared for a trading session, how up-to-date they are on the markets and how they’re progressing in terms of ongoing education, among other things. This periodic assessment can help the trader correct mistakes, which may help enhance their overall returns. It may also help them to maintain the right mindset and help them to be psychologically prepared to do business.
If you have any question along the way don’t hesitate to contact us through our Facebook group with a private message or whether by email at firstname.lastname@example.org. In addition, if you are completely newbie trader and you are in the middle of choosing your favorite binary broker you are most welcome to visit our best brokers list and then chose your favorite EU regulated broker, or you can start practicing without risking your money with a free demo account .