TOP Binary Options Strategies
Binary Options Trading is a perfect spot for beginner traders. It is essential for you as a novice trader to pick up tactics that will help you in making decisions with varied dimensions and also ensure the success of the same. If you wish to gain success, you should have the ability to spot patterns. For lessons in advanced strategy, you need to go through our Strategies page and follow it. We continuously add new strategies to the page. This will help you though each step and move from beginner to professional strategies for binary options.
You need to look at the Binary Options market and attempt to assess the actual patterns of the market – whether it is moving sideways, upwards or downwards, whether the volatility is high or low, whether the prices are getting a rise in momentum or is at extremes, whether the marketing is testing resistance or support and so on. While readying for a successful trade, you need to ask these questions to yourself.
Our upcoming articles will encompass these topics:
- Trend Lines
- Support & Resistance Lines
Once you have gained some experience in trading and have started to interpret the market behaviours, you will develop the ability to apply various strategies while trading. Although knowing all the global trading strategies is no vital, it is obviously profitable to have knowledge of some and how you can gain advantage from those.
The strategies are often applicable to varied situations and varied markets. In case you are conversant with different strategies, you will have the ability to implement the proper strategy in the proper market and gain more advantages that an average trader. At BinaryoptionsArmy, we have a huge list of strategies. We will go on expanding this section of the article and provide users with the chance to know about new and interesting strategies to assess the market and how it moves.
Our 10-Minute Strategy: For Beginners
Our 10 minute binary options strategy does not involve the utilization of numerous complicated installations or trading indicators. Our own experience has taught us the difficulty with set-ups, particularly when you are a novice in binary options trading or have just a couple of months of knowledge in the same. This is why we are offering you a simple but extremely precise 10-minute strategy in binary options trading. One of its primary benefits is the fact that it needs using only 2 indicators – both of which are actually similar in form, a simple moving average.
Moving Averages – Definition
Moving averages refer to a category of indicators which symbolize the average cost of an asset for a specific time span. For instance, the time frame for which moving averages can be specified are referred to as periods – which are nothing but a specific time span. Naturally, having an indicator set for a period of 10 will show the average cost of the asset over the last 10 days. Having a period of three will display the average cost of the asset over the last 3 days.
Moving averages are of 3 kinds – Simple, Exponential and Front Weighted. In this strategy, we use simple moving average and both of these are fixed at periods of three and ten.
Fixing this strategy is about as basic as trading with the help of this strategy. First of all, you require access to MT4 (Meta trader 4), Free Stock Charts or any other charting solution. We personally like to use www.freestockcharts.com due to its fast loading and setup.
As this is a 10-minute trading strategy, we wish to ensure that the period is fixed at 10 minutes only. We only wish to implement the strategy on currency pairs. The strategy can be implemented with any currency pair and we wish to use the strategy at the time of New York trading session. All the trades that are conducted expire within a time frame of 5 to 10 minutes.
Using the Strategy
The picture given below will show you an instance of the way that this trading strategy would appear. You can find we are using a single currency pair, the proper time frame and 2 moving averages.
We have set our simple moving average line at a period of 3. This acts as our signal line, at any time that the line crosses with the other moving average line. We do a trade in the direction of the yellow line. If the yellow line crosses the blue line upwards, we can put a CALL trade for 5 to 10 minutes and do vice-versa for the contrary direction. You can check that out of our 9 trades, 7 were successful. This means 78% success for us!
This is a strategy that we have designed personally mainly for inexperienced traders. However, even experienced traders can use it. While trying it, we have found 75 to 79% success rate on a consistent basis over the past 4 – 5 weeks.
If you feel like ask anything to us, leave your questions posted below. We will try our best to answer your queries. Best of luck and happy trading!
More strategies coming soon……