Binary Options can be used to take advantage of the trend following strategy for all instruments. Timing and direction are the key points that have to determined correctly, in order to achieve success here.
Trend following is a term used to describe a type of trading where order placement is based on correctly reading the chart in front of you. In contrast to range trading where one would normally place trades opposite the recent swing and where the market tends to move between two areas of support and resistance, trend following requires placing orders in the general direction of the market.
Of course traders need to differentiate between trending and ranging markets to be able to follow the trend. The simplest way to identify a trending market is if the chart starts and ends on diagonally opposite sides on the monitor. For example, if the charts starts from the top left corner and ends on the bottom right corner, the market is in a bear trend and this means that putting is preferable to calling.
Trading binary options is generally simpler to trading other financial instruments. The only thing that a binary options trader needs to do is correctly analyze the direction of the market for the next one to several candles or bars depending of the type of chart. He does not (except for very rare cases) care by how much the market is going to move with or against him.
This is very important to understand because trend following is not just a trading strategy, it is the practice of utilizing the fundamental imbalance between the forces that drive the market up and down. Using our example above, when a market is in a bear trend, putting is always the better choice because the chance of the market going down rather than going up is always more than 50%. And since binary options traders do not care by how much the market moves in their direction, trend following is a safer bet for novice and skilled binary options traders alike.
Placing orders with the trend is better when we can recognize strength in the most recent move. If we are looking at a 15 minute chart and are using a candlestick chart it is also important to wait for the last candle to close before analyzing its strength. The strongest candles have closes that are near or at the high or low of the candle. We also need the candle not to be too big or too small, but just the right size when compared to the candles before it. And once again, using the bear trend example, it is a good bet to put after the close of a strong candle that closes on its low.
Apart from using specific techniques to place orders on the market, it is a good rule to remember that when the trend is strong and clear, placing an order with the trend for any reason is a good strategy.
Of course trend following is a subject for many discussions and there is no bulletproof strategy that can guarantee winning all the time, but following it is a strong foundation for traders who want to further develop their skills.
Trend following is a term used to describe a type of trading where order placement is based on correctly reading the chart in front of you. In contrast to range trading where one would normally place trades opposite the recent swing and where the market tends to move between two areas of support and resistance, trend following requires placing orders in the general direction of the market.
Of course traders need to differentiate between trending and ranging markets to be able to follow the trend. The simplest way to identify a trending market is if the chart starts and ends on diagonally opposite sides on the monitor. For example, if the charts starts from the top left corner and ends on the bottom right corner, the market is in a bear trend and this means that putting is preferable to calling.
Trading binary options is generally simpler to trading other financial instruments. The only thing that a binary options trader needs to do is correctly analyze the direction of the market for the next one to several candles or bars depending of the type of chart. He does not (except for very rare cases) care by how much the market is going to move with or against him.
This is very important to understand because trend following is not just a trading strategy, it is the practice of utilizing the fundamental imbalance between the forces that drive the market up and down. Using our example above, when a market is in a bear trend, putting is always the better choice because the chance of the market going down rather than going up is always more than 50%. And since binary options traders do not care by how much the market moves in their direction, trend following is a safer bet for novice and skilled binary options traders alike.
Placing orders with the trend is better when we can recognize strength in the most recent move. If we are looking at a 15 minute chart and are using a candlestick chart it is also important to wait for the last candle to close before analyzing its strength. The strongest candles have closes that are near or at the high or low of the candle. We also need the candle not to be too big or too small, but just the right size when compared to the candles before it. And once again, using the bear trend example, it is a good bet to put after the close of a strong candle that closes on its low.
Apart from using specific techniques to place orders on the market, it is a good rule to remember that when the trend is strong and clear, placing an order with the trend for any reason is a good strategy.
Of course trend following is a subject for many discussions and there is no bulletproof strategy that can guarantee winning all the time, but following it is a strong foundation for traders who want to further develop their skills.
US Operator of Binary Option Brands Fined $516K for $10M Scam
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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