After you install a MT4 platform, add all major currency charts to the main screen.
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Instead of losing huge amount of money, BO limits your profit and loss on a per trade bases.
In Israel, where a high concentration of such firms can be found, binary options trading was prohibited for Israeli customers in March on the grounds that it is a form of gambling and not a legitimate investment technique.
On June 18, , a ban on marketing binary options to customers outside of Israel was passed by the cabinet. Provincial regulators have proposed a complete ban on all binary options trading include a ban on online advertising for binary options trading sites. The effect is that binary options platforms operating in Cyprus, where many of the platforms are now based, would have to be CySEC regulated within six months of the date of the announcement. CySEC also issued a warning against binary option broker PlanetOption at the end of the year and another warning against binary option broker LBinary on January 10, , pointing out that it was not regulated by the Commission and the Commission had not received any notification by any of its counterparts in other European countries to the effect of this firm being a regulated provider.
OptionBravo and ChargeXP were also financially penalized. The AMF stated that it would ban the advertising of certain highly speculative and risky financial contracts to private individuals by electronic means. The French regulator is determined to cooperate with the legal authorities to have illegal websites blocked. This ban was seen by industry watchers as having an impact on sponsored sports such as European football clubs.
The ban was extended to overseas clients as well in October Israel's vast, amoral binary options scam exposed" revealed that the industry is a scam. Yes, you can get your hands on many BO strategies on internet. However, do you really think someone is going to publish a real money generating system online for every trader to see? Even if someone does that, how long can such strategy work before it runs out of gas? I am going to show you few binary strategies now; these are available online free of cost.
Remember, these strategies have nothing to do with my strategy; these ones are available online free of cost. You can easily find them on internet.
It is a small software traders use [mainly] in forex trading, but some brokers also allow binary trading using a special MT4 terminal.
Installing and using MT4 platform is easy; use Google to find details about it. You can get a demo account with any forex broker, like Oanda. Download their MT4 platform and install it, then use the demo account to login.
You should also learn how to read currency charts, specifically candlestick charts. You can easily learn to read candlestick charts. After you install a MT4 platform, add all major currency charts to the main screen. Select 15 minutes period and change [if needed] the chart to show candlesticks instead of line-chart. You can easily analyze currency charts to find channels, or trends. Here is how the channel-surfing strategy works.
Look at the following chart: As you can see, this chart is showing a channel going downwards. Point A, B, and C are showing some interesting things. This is pure speculation and there is no guarantee that this is what is going to happen next. Look at the following image; it shows where the price moved next: What kind of success rate can you get with this strategy?
As I mentioned before, this strategy is a freely distributed on the internet, so do not expect high success rate. My personal suggestion is that you try this strategy in a demo BO account and see for yourself what success rate it enables you to achieve.
You cannot rely on candlesticks charts and some lines. There are many things that influence the currency market and they can change trends in few seconds. Price of currencies pairs, especially ones with USD in them, can move up or down sharply.
It is wise to ignore, or not trust, any signal you get from channel-surfing strategy. When you are using this strategy to execute trades, my suggestion is to opt for longer trade duration. Choose at least 45 minutes or longer trade expiry time. Simplified Market-Reversal strategy Look at the following image: It is showing you few 15 minutes candlesticks; I want to focus your attention on only three of them namely A, B, and C.
Candlestick marked as A is showing a sharp pips move. After such a sharp move, you can expect a small market-reversal or correction. The reversal is not big and it does not last for a long time. It [candlestick marked as B] tries to move up but fails. It only moves a bit higher than the previous candlestick. Look at the following image: When you get conformation from the second candlestick, you can go ahead and start a PUT, or down, trade.
The tricky part is what expiry-time to choose. Usually, 5 to 20 minutes expiry time yields the best results. This market reversal strategy does work but definitely not all the time. There are many reasons why an asset price can jump; you cannot possibly win every time there is a big sharp price change in a currency pair.
The basic idea is to trade immediately after a big news comes out or some market moving event takes place. As I have mentioned before, forex market is very sensitive to economic and political events. For instance, when report of US unemployment rate comes out, the currency market becomes volatile; this is how the market reacts most of the time. Anyway, the news market-reversal strategy dictates that you monitor the market just before a big news announcement is pending release.
You need to watch the pairs that this event is going to affect the most. Focus on the pair that moves up or down the most. You can choose an expiry-time between 5 and 15 minutes. The logic behind this strategy is that there will be some degree of retracement after the initial sharp move. The price temporarily moves in the opposite direction of the prevailing trend. The reason behind this system is that a huge selling pressure is often followed by some buying period and vice versa.
See this strategy in action in the following image: You are welcome to use this strategy, but I suggest to first use it in a demo account. Practice it and see what ITM you can achieve. If you find this strategy profitable, then by all means, start trading in a real binary trading account.
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