How To Make Money On Binary Options

Fibonacci retracement   is a very popular tool among technical   traders   and is based on the key   numbers   identified by mathematician Leonardo Fibonacci in the thirteenth century. However, Fibonacci's sequence of numbers is not as important as the mathematical relationships, expressed as ratios, between the numbers in the series. In   technical analysis , Fibonacci retracement is created by taking 2 extreme points and it’s drawn in an uptrend from higher high to lower low and in a downtrend from lower low to higher high   Blue lines = connecting from lower lows to the next higher high (down to up) [uptrend] Purple lines= connecting higher high to lower lows (Up to down)[downtrend] Green lines= Drawing fibo on a bigger scale (overall higher high to next overall Lower Low. (which some people also likle to do)                         Fibonacci ratios are 23.6%, 38.2%, 50%, 61.8% and 100%. Once these levels are identified,   horizontal lines   are drawn and

One way to help you find these zones is to plot support and resistance on a   line chart   rather than a candlestick chart. The reason is that line charts only show you the closing price while candlesticks add the extreme highs and lows (Shadows) to the picture. When plotting support and resistance , you don’t want the reflexes of the market. You only want to plot its   intentional   movements. Looking at the line chart, you want to plot your support and resistance lines around areas where you can see the price forming several peaks or valleys. Tips about Support and resistance : §   When the price passes through resistance , that resistance could potentially become support . The more often price tests a level of resistance or support without breaking it, §   the stronger the area of resistance or support is. §   When a support or resistance level breaks, the strength of the follow-through move depends on how strongly the broken support or resis

There is no definite answer to this question. Some argue that a support or resistance level is broken if the market can actually close past that level. However, you will find that this is not always the case. Let’s take our same example from above and see what happened when the price actually closed past the 1.4700 support level. In this case, price had closed below the 1.4700 support level but ended up rising back up above it. If you had believed that this was a real breakout and placed a PUT , you would’ve been seriously Sad! Looking at the chart now, you can visually see and come to the conclusion that the support was not actually broken; it is still very much intact and now even stronger. To help you filter out these false breakouts, you should think of support and resistance more of as “zones” rather than concrete levels.

Definition The resistance is the highest price reached that candles can’t go above it and reverses The Support is the lowest price reached that candles can’t go below it and reverses When The price has broke the Resistence level Then it will become the Support of the next candles When the price has broke the support level then it will become the Resistance level of the next candles First thing you need to consider is that support and resistance are NOT EXACT LEVELS Often times you will see a support or resistance level that appears broken, but soon after find out that the market was just testing it. With   candlestick , these “tests” of support and resistance are usually represented by the candlestick shadows Notice how the shadows of the candles tested the 1.4700 support level. At those times it seemed like the market was “breaking” support . In hindsight we can see that the market was merely testing that level

Support and resistance are one of the most widely used concepts in Binary Options and Forex trading. Strangely enough, everyone seems to have their own idea on how you should measure them, and some of them don’t know what are Support and resistance and most important thing is that they make some mistakes on how to draw them! Let’s have a look at this picture and this is a basic support and resistance drawn Look at the diagram above. As you can see, this zigzag pattern is making its way up ( bull market). When the market moves up and then pulls back, the highest point reached before it pulled back is now resistance . As the market continues up again, the lowest point reached before it started back is now support . In this way, resistance and support are continually formed. The reverse is true for the downtrend

One 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 a  Day, five days a week, not every hour or minute is worth trading.  There are different hours during the day and different days of the week which see more volume and liquidity than others, resulting in high volatility and opportunities to maximize trading. Efects of timing As a binary options trader, you proft when you correctly predict the direction of an asset price. Volatility is therefore essential to maximize the chances of you increasing your return on investment. Studies have shown that the most active trading hours occur during the European session. In the US, trading activity picks up sharply around 8:30 am EST. this is due to the release of closely watched US economic data, which generates the liquidity and volatility needed for th

Are they profitable? Binary option trading is not a gamble or a guessing game. By using both fundamental and technical market analysis, you are able to get a better understanding of the future price movements of an  Binary Vs Forex This Table will resume to you the two top trading opportunities 

Introduction : What are Binary options? Before diving into binary options, a look at forex trading and the stock exchange is a must. What differentiates these types of trading and binary options trading is the process through which traders have to undergo to start trading. In forex and stock trading, you buy currencies or stocks if you think their value will rise. Currencies are traded in comparison to other currencies. Traders ultimately need to contact a broker who usually. charges high commissions to get the work done. Discount brokers have recently been introduced who generally charge less but does not give any investment advice. In other words, in this type of trading, traders have to manage on their own accounts or have a huge amount of money to be able to trade; it becomes very demanding and time consuming. Binary options on the other hand, are a much more easy way of trading. Binary options is about speculating whether the value of an asset will rise or