Analyzing and trade in binary options forum
My trades today at Ayrex. The foreign exchange market is the largest financial market in the whole world, in terms of trading as well as liquidity.
Day trading is one of the most popular and the most preferred ways of trading in the forex market. Hi I'm a newbie in BO and have lost some money with the "help" of a manager of a broker firm I signed up with.
Why I need to deposit money to a broker before I can trade? Can I not just use my credit card to invest instead of putting money with the broker? The British Pound was among the best performers this Tuesday, extending its upward corrective movement against the greenback to 1. Today's article is devoted to such an important instrument as a trader's diary. One of the key components of successful trading is self-discipline. If binary options are just a game with money for you, you can skip this article.
It will certainly seem boring to you. From now I started this thread in order to help novice binary traders in their trading and provide new ideas. So if you are interested in financial markets especially - in Binary Options - you are welcome!
We know that binary options trading comes to us as an off-shoot of the forex world. Now was this a product of guesswork or a trading hunch?
This was a product of technical and fundamental analysis carried out on this pair prior to the execution of this trade. The first step in performing a binary options analysis for this trade was to locate a chart for the EURUSD to analyse. Since most binary options brokers do not offer charting tools, we had to locate a forex broker whose trading platform had charts or us to use. We located one and started the analysis.
In the financial markets, the fundamentals of an asset always supersede the technicals. This is why we did a fundamental analysis first.
At the time of analysis, there was a meeting of the Eurozone financial ministers to determine how to put together a rescue package for Greece, which was groaning under a sovereign debt crisis.
At the same time, Italy was also on the radar as its debt reached a staggering billion Euros. These were indeed bad times for the Euro and the markets had responded accordingly.
Here are the tools every binary options trader must have. Charts Charts are the bedrock of technical analysis and there is no way a trader can make it in the binary options market without having charts with which to perform technical analysis.
Where To Get Charting Charts are great predictors of market movement. Without charts, forget about making money in binary options. It will not happen.
Signals Signals are trades analyzed either from real people or automatically generated tools or strategies. Technical Indicators When you combine technical indicators with charts, then you have increased the probability of making winning trades, and doing that consistently.
I could place the following trades in the market using this strategy: A word of caution: However, with charts and technical indicators, you will win and not lose. Knowledge of Technical Analysis Knowing how to combine charts and technical indicators to predict price action is known as technical analysis.