The truth about binary options
This article was created specifically for the category of people who are skeptical about the possibility of making money in the Internet space. Practically everyone strives for stable financial well-being, however, due to the fact that prejudices interfere with, a departure from the norm of standard thinking and myths walking on social networks, people cannot take this method of earning income seriously. Now we will talk about option trading and myths prevalent on the Internet.
Option trading on the futures market is a real way of earning a stable income. However, the following statements cast doubt on this: Myth One. Cheating brokers
Binary options are a means of deceiving citizens in the hands of fraudsters!
Such a statement is quite common on the Internet in various forums and subject sites - participants in exchange trading failed in trading on the derivatives market and thus show their indignation about this. According to them, the dishonesty of the exchange company is to blame, and the trader himself did not make any mistakes during option trading. It goes without saying that if you trade without having completed the training necessary for successful trading, have not chosen any particular approach and trading technique, and even less decidedly have chosen a financial company, then what profit are you talking about? Such a frivolous approach to option trading is about the same as playing in a casino, where everything depends only on luck!
Now I will tell you my story, which will prove that the first myth is fiction. I came to the derivatives market about 3 years ago. Initially, I chose a company at random and lost $ 300. It was very disappointing, since I knew how to trade and how to earn good money, but I came across a financial company-abc. However, after such a blunder, I did not give up, analyzed the situation, seriously figured out everything and was able to achieve high trading results by now!
Best Price Action Strategies for Binary Options
Among the various types of trading strategies for binary trading, the type of systems, the so-called Price Action strategies for binary options, which are distinguished by the versatility of signals and allow you to earn on all basic assets without exception, stand out. This type of strategy uses in its basis the laws of technical analysis of the market, therefore, will be understandable to beginners and professionals. We, in turn, offer the three most simple, but at the same time effective Price Action strategies that will lead any trader to success in the binary market as recommendations to beginners.
Trading strategy in the breakdown of short-term trends
Trend levels in the financial market are used quite often. Of course, what could be simpler than determining the direction of the market movement with the help of the price reaction to achieve a certain market level. But if you use this technique of trading in the classical form, then binary trading will take place in a fairly low dynamics and will not give good results. For this reason, a more efficient way to trade is to take trading - in the breakdown of short-term trends formed on tick charts of underlying assets for binary trading. So let's start in order. Trend levels have two main varieties - support and resistance. These are the levels of the value of assets, from which the price either naturally rebounds and changes the direction of movement, or by breaking through it produces a pulsed movement in the direction of the breakdown. The last pattern we use for highly efficient trading. To determine trend levels, it is necessary to connect the nearest extremes of quotes (maxima or minima) with a graphic line.
Transactions on the options market should be processed during the breakdown of the obtained level. The accuracy of such a signal to trade, on average, is 85%, which makes it possible with a high level of dynamics to increase funds in a deposit account for trading.
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