binary options forex

8/10/2019 Binary Options Forex

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GoBinary24.com

Strategies of Pros Explained for Dummies

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You are in the right place. In this e-book you will beintroduced to the top 10 binary options strategies. As wellas picking the most effective and easy-to-use strategies outthere, we have presented them in a fun visual manner thatis easy to understand, even if you dont have muchexperience.

Some binary option traders play the markets without anysolid strategies. We however, strongly recommendmastering at least a couple of strategies and trading onlywhen strategy indicators are clear. By doing so you can notonly reduce your risk, but also signicantly increase anyprots.

Tat said, always be aware of the other factors that drivemarkets, dont just follow indicators blindly!

And Remember that its okay to have losses as long asmore of your trades are In the Money than Out of theMoney.

GoBinary24.com

Do you want to become a successfulbinary options trader?

Welcome!

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Fundamentals Why Binary

Why Binary options are becoming more

and more popular?

With the forex market, every time you enter into atrade you risk the entire amount of money in yourtrading account. With binary options, however, yourrisk is always limited to the amount you committed tothat specic trade.

Less risk

Binary options are generally simpler to trade thanother instruments. Tis is because you only need toform a view on what direction the price of theunderlying asset will move. In comparison, traditionaloptions also require you to form a view on the

magnitude of any price movement.

Simplicity

Unlike with other trading instruments, there are

usually no fees or commissions attached to binaryoptions. Brokers make their money from thepercentage discrepancy between what they pay out onwinning trades and what they collect from losingtrades.

No fees

A trader can access multiple asset classes such asstocks, currencies, indices and commodities, and canusually trade them whenever a market is open some-where in the world.

Multiple asset classes

Binary options offer contracts with short-termdurations, from 60 seconds to 60 minutes. Tisprovides the trader with several investmentopportunities during a day. It also offers exibility asmarkets change over time.

Fast outcome


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Fundamentals Binary Vs Forex

Comparing two top trading opportunities

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A nice little simulator tool for comparing yourpossible prots/losses in forex or binary - here.

* Leverage (margin) allows you to increase your investment capital so you can make a larger trade, and potentially a larger prot if your trade is a winning one.

Protability rates 60%-85% Uncertain

Risk Controlled Unpredictable

Refunds for losses >15% refund None

Risk/Reward ratio Reward < Risk Reward > Risk

Leverage* Not available Up to X500

For beginners Simple to use Not so much (except social)

Fees No Spread and/or commission

Regulated in the US No Yes

Ownership of asset No Yes

Assets for trading Multiple Limited
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Fundamentals Tools

How to set up your workspace for

successful binary tradingPrecise binary trading decisions must include technical analysis. Tis requires more specic information than thatprovided by a line chart, so professional traders use independent candlestick charts that offer more in-depth data.

Recommended free chart tools

Simple binary line chart Binary line chart + candlestick chart tool

Trading Viewtm

Free Stock Chartstm

Multicharts

2.1.1.
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Fundamentals Charts

Unlock the potential of charts!

Open price

Close price

Open

Close

Close

Open

Open

Close

Close

Open

Highest priceof the day

Close price

Open price

Lowest priceof the day

Highest priceof the day

Telineiscalledshadow

Tecolorbariscalledbody

Lowest priceof the day

Color variation 1

How to read candlestick charts

Color variation 2

B.A. C.

A. Doji - when the opening and closing price are equal.B. Long-Legged Doji - afer small candlesticks, theyindicate a potential trend change.

C. 4 Price Doji - where the high and low are equal.Normally only seen on thinly traded pairs.


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Fundamentals Timing

Best time for tradingOne of the most important aspects when trading binary options is to know when to trade the market. Even though

trading on foreign exchange options, stock options, commodity options and index options is available 24 -hours aday, ve days a week, not every hour or minute is worth trading.Tere are different hours during the day and differ-ent days of the week which see more volume and liquidity than others, resulting in high volatility and oppor-tunities to maximize trading.

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Te binary options market is most active when thereis an overlap of the London/New York andAsia/London sessions. Te market experiences a highvolume of trades at these times.

When more than one market is active, you can expectto see increased volatility, meaning that prices movearound more and in a clearer direction. Duringoff-peak hours, there is little volume and less pricemovement, resulting in at and directionless markets.

Overlaps - the peak time

As a binary options trader, you prot when youcorrectly predict the direction of an asset price.Volatility is therefore essential to maximize thechances of you increasing your return on investment.Studies have shown that the most active trading hoursoccur during the European session. In the US, tradingactivity picks up sharply around 8:30 am EST. this isdue to the release of closely watched US economicdata, which generates the liquidity and volatilityneeded for the underlying asset to reach its targetprice before the option expires. Prices become mostvolatile when the US releases its monthly non-farm

payrolls report on the rst Friday of every month. Incontrast, markets will be less active and liquid duringmajor holidays in the US and Europe, resulting insubdued trade.

Effects of timingTere are days that see more volatility and price actionthan others. According to our research, Tuesday and

Wednesday are considered to be the most activetrading days of the week. Friday is also recognized asa high-volatility trading day, especially during thehours when European and US trading sessionsoverlap. During the second half of the day, pricemovements can be very unpredictable.

Best days of the week

Tokyo/London overlap

London/New York overlap

MON TUE WED THU FRI SAT SUN

Best time


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Fundamentals Expiry time

What time frame to choose for trading

binary optionsWhen it comes to trading binary options, you have a variety of choices for what kind of time frame (time untilexpiry) to trade in. the majority of binary options, however, have expiry times ranging from 60 seconds to 30minutes.

In order to conrm a trend, use a candlestick chart with a bigger time frame than the one you use to decide yourexpiry time. it is usually recommended to use a time frame of at least 1 hour for chart pattern recognition. short-term traders, however, may choose to use 1-minute and 15-minute candlestick charts. Te 1-minute chart providesentry and exit signals while the 15-minute and hourly charts are used to conrm the trend and support and resist-ance levels. If you trade binary options with 15-minute or 30-minute expiry times, 1-hour and 4-hour candlestickcharts can be used to determine/conrm your view.

What time-frame to use for the pattern recognition

Description Return rate Type of analysis60 sec

Very unpredictable time frame. Quick results, but hardto make a sound prediction.

65% - 70% More like gambling

10 & 15 min

Most popular

Random reversals are less likely to occur here. Usehourly chart to understand the underlying trend.

Up to 80% Technical

30 min

30 minutes binary options should incorporate somefundamental analysis techniques during your re-

for an asset to perform more closely to what its longterm forecast is. Long term investors rely very heavily

on fundamentals. You will also want to look at 15minute charts and hourly charts to give you a broadview of the technical factors surrounding the asset.Fundamental analysis will help you here, but 30minutes is still short enough that you cant neglectthe technical side of things. Looking at both of thesethings will give you a much more complete pictureof how an asset will perform over this longer timeperiod.

80% and up Technical +Funda mental

NEW!


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Social Binary Strategy

Strategies #4

Social trading features enable you to view othertraders' positions on your chart, witness others' invest-ment decisions and tap into collective wisdom. Socialtrading is still new for binary options and is not yet asadvanced as with forex copy trading, where you canfollow and copy your favorite traders, analyze theirpast performance and ask them questions. Nevertheless, social trading is a good way for beginners to get afeel for the binary options market, conrm their ideasand strategies or look for advice. Trader proles with past performances not yet

available. Not possible to automatically copy trades of favorite

traders.

Drawbacks of Binary SocialTrading

Description

Ubinary Social - (not available in US) 24 Bulls- Binary options (not available in the US) Zulu Trade- Forex (available for US clients) eToro- Forex (not available for US clients)

Brokers with social feature
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TOP 5 brokers for USA clients

TOP 5 brokers outside USA

2014

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As broker data is subject to change, we have developed a regularlyupdated section featuring our top 5 brokers, both for US and Worldclients. Visit it here.

MININUMDEPOSIT

EUR/USDPAYOUT

BONUSBROKER REGULATED HOW IT LOOKS

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MININUMDEPOSIT

EUR/USDPAYOUT

DEPOSITBONUS

BROKER REGULATED HOW IT LOOKS

$200 75% - 1250% 100%

$200 75% - 1250% 100%

$250 85% 100%

$200 85% 100% Pending

$200 70% 100%

$250 85% 100%

$250 85% 100%

$100 65% 50%-100%

$250 85% 20%-40%

$250 70% 20%-40%

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TODAYS TOP 5 - regularly updated & fresh tops.

TOP binary Brokers
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Why our Top & Reviews are different

TOP binary Brokers

Most reviews out there are one-sided advertisements,lled with marketing traps like payouts of up to95%. We know that such promos are useless, as these95% payouts only apply to exotic options, whichnobody actually uses. Tats why we use speciccomparable values such as payouts for EUR/USDoptions.

Honest and useful numbers

We have not only summarized the strengths of eachbroker, but also investigated their weak points. Just asevery person has their weaknesses so does everycompany. It is our duty to provide the full picture.

We also highlight broker weakpoints

Te most common problem with broker reviews isthat they are based on sketchy information. Veryofen, the data is either incorrect or different fromwhat clients actually think and experience.Tats whythe statistical part of our reviews is veried by thebrokers themselves. And most importantly, our

overall ratings are based on user reviews andfeedback.

Deposit options:

WireTransfer,

MoneyBookers,

Paypal, CashU and

more.

Veried information

If there are any fees, we include them in our reviews!Tis is because even when brokers advertise no fees,there are usually hidden charges involved, for examplein certain withdrawal options.

No hidden fees

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DETAILED REVIEW

Established in 2013, PowerOption is a relatively new company powered by AvatradeLtd., one of the most reputable Forex companies in the industry. Available for allmajor mobile platforms, PowerOption brings one of the markets most reliable

trading platforms to Binary Options and, with it, one of the most effective team ofaccount managers. With real-time market data, combined with up-to-the-minutenews, PowerOption offers traders everything they need to successfully invest inglobal markets. PowerOption is a regulated Binary Option platform.

trading execution Services Commission (FSC) under theSecurities and Investment Business Act, 2010(SIBA)

through method of initial deposit, andremainder can be sent through pretty much anymethod of payment: PayPal, Neteller, Wire,MoneyBookers, Skrill.

FactsPros

Cons Trading methods

Visit broker

High-Low One touch Range 60 seconds
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60 sec Up-Down One touch Builder

DETAILED REVIEW

Since the beginning of 2011, TradeRush has been one of the leading binary optionsplatforms in the industry. Tis platform offers its traders one of the best onlinetrading experiences in the market. TradeRush was the rst platform to launch the

60-second trading option. Te TradeRush platform is known to be one of the mostuser-friendly and simple platforms to navigate. It gives traders the option to tradewith a variety of currencies, commodities, indices and stocks, offering over 150different assets to trade. Also, TradeRush has one of the largest selections of onlineand live webinars. Furthermore, users can earn up to 81% in just 60 seconds on theTradeRush platform!

Minimum deposit: $200 (free) and wire transfers (fee $30, howevertraders are allowed one free wire transfer

withdrawal per month)

FactsPros


Visit broker
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DETAILED REVIEW

EZTrader is one of the oldest binary brokers in the market. Unlike most otherbrokers they have their own proprietary trading platform that is built wothease-of-use in mind. Many rival brokers have been trying to emulate their platform.

EZTrader has had some issues, but afer they have been acquired by Win GlobalMarkets (WGM) Services Ltd in early 2011 the company has had remarkableimprovements in the level of its services. EZTrader is great for beginners, but it lacksadvanced charting features and different expiry dates if you are looking for somethingmore than basics. A unique feature that we loved is the prot locking which allowstraders to sell their positions before expiry to lock in prots. Of course this servicecomes at a premium as traders either have to sacrice some prots via a reduction inexpected percentage return or pay some money to close out early losses.

winning position before the expiry for tablets

Minimum deposit: $200

FactsPros

Cons

Visit broker
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Up-Down 60 sec One touch Builder

DETAILED REVIEW

Released in the spring of 2013, Redwood binary Options has already proved itself inthe binary options industry. Redwood offers over 150 different assets to trade andthree different account types. It also offers a Mini Package, Executive Package and

Gold Package. Traders can choose which package they prefer upon sign-up. All newusers receive an interactive binary options eBook once they register. With its highpayouts of 81% on 60-second options, Redwood has grown substantially over thepast year.

Minimum deposit: $200 and wire transfers

FactsPros


Visit broker
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Tanks for reading

and good luck withyour trading!

It will encourage us to make morebooks like this in the future.Tank you!

Please share this e-bookif you liked it.

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