Binary Options – A Strategy For Beginners
How difficult is it to earn on binary options? For some, it is an unattainable peak, but others double their first deposit in the first week. It’s all in the approach to trading. And to make your dream become a reality, you only need a good trading strategy and a reliable broker. Then you will understand that nothing could be easier than binary options. And right now, we’ll show you how to get on the right path.
A simple binary options strategy + a reliable broker
So, if you decide to become a professional trader, you should think about starting trading with a brokerage company where that would be possible. To do this, you need the following:
1. A professional platform for professional trading.
2. The minimum conditions to start trading – in order to have the opportunity to flexibly manage your trading capital.
3. Additional benefits that affect the amount of profit (the maximum processing speed of transactions – no slipping, a high profitability of options, convenient options expiration terms, etc.) – with the right choice of a broker, your trading results could increase by 30-35%!
The Binomo broker suits our needs, and here’s why:
1. The company offers one of the best trading terminals on the market (with technical indicators, candlestick quotes, etc.), and you can create your own trading system.
2. With the Binomo broker, you can conclude transactions starting at $1 (or 100 rubles), on a minimum account balance of $10 (or 500 rubles) – this allows you to start with a minimum investment and conclude transactions in accordance with the rules of risk management.
3. The Binomo broker’s speed of processing transactions is 5 milliseconds, which is very fast (transactions don’t slip, the profitability of options is as high as 90%, a convenient choice of expiration terms is provided).
Moreover, new clients of the company are provided with 20 free trades (free options) that the broker itself pays for. They are not a bonus, and the profit you earn on them can be withdrawn or re-invested. As for real bonuses, the Binomo broker offers up to 85% on your first deposit.
The choice of the Binomo company is also related to the fact that the trading platform of this broker has technical indicators that help to create simple and profitable trading systems. And now we’ll give an example of how we create a binary options strategy for beginners in just a few minutes.
Based on the fact that most of the time the asset quotes on which we trade move in price channels, we will choose the Bollinger Bands indicator on the Binomo platform and apply it on the price chart with its default settings:
This channel indicator allows us to keep track of the price range and conclude transactions inside the price corridor on rebounds from the extreme upper and lower channel lines. But, as you can see, it often happens that the price, having reached the upper or lower boundary of the channel, continues to go further, and in these places we would get losses. Therefore, we also apply a moving average indicator to the quote chart with these settings:
This makes it possible to see the real price reversal backwards, which is when we will enter into the transaction. It looks like this on the quote chart:
- Transactions down – a decrease in quotes and the moving average below the extreme bottom line of the Bollinger channel and their return back. At the same time, candlestick quotes must close inside the Bollinger channel with growth (that is, in green):
- Transactions up – an increase in quotes and the moving average above the extreme upper Bollinger line and their return back. At the same time, candlestick quotes must close inside the channel with a decrease (that is, in red):
And, in this way, we conclude transactions on every quote reversal going inside the Bollinger channel from the top or bottom.
And we make a profit on most of the transactions!! So these are binary options and our strategy for beginners. Can you trade like this with other binary options brokers? Virtually no other company includes technical indicators in its trading terminal. That’s just how easily binary options and our simple strategy with the Binomo broker (visit website) can bring us a profit! Precisely this approach to the start of binary options trading will bring you a guaranteed profit!