5binaryoptions is trying to be one of the best places traders can turn to for beginner level and advanced trading strategies and general education. The goal of our website is not only to protect traders, but also to educate them to become better in binary options trading. This is why, in addition to the strategy section where traders can get to know some basic strategies in binary options trading, we created the Binary Options Academy where more than 100 articles are offered for free.
Level 1: Basics for Beginners in Binary Options
So, you are a beginner in binary options. This means you have a long way to go before you become an expert trader. There are many options that may help you increase your win chances right at the beginning, however, you will discover that it is up to you to press forward and make progress. Some brokers offer 1-on-1 trading sessions, however, those are scarce unless you opt for the advanced loyalty programs, which are usually tailored for professionals. Auto trading is not such a bad idea, however, a lot of excitement is lost and personal growth is non-existent as the robot does all the work. In order to start your career in binary options the right way, take a look at resources below.
Basic Economics and Binary Trading
In order to become a successful trader, especially in the long term, it is crucial to know how to read the economic data coming in. If you are the type of trader who wants o utilize swings in the markets as big events happen, even with the help of the Economic calendar, you need to understand why these market moves are happening. What is the effect of monetary policy, what is GDP, how do interest rate movements affect future income? These are some basic economic issues every trader needs to master.
Along with economic theory, some basic trading questions must be answered. How to decide on the appropriate asset to trade, how to trade currencies such as the EUR/USD, how to decide on expiry time and how can fundamental analysis be used to score profit long term. The binary trading basics are also covered in the set of articles below.
Lever 1/4 Binary Options For Beginners
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Level 2: Strategic Binary Trading as a Tool for Success
Trading is an art, as it is science. With binary options, trading is technically very easy since traders can avoid many unnecessary nuisances that plagued Forex trading. All that the trader needs is accomplishable in several short and easy steps. However, that is not the whole story. Even with user-friendly solutions that enable an easy process of placing a trade, the trader is at the mercy of same market forces as is any big investment bank professional. In order to become successful, one needs to use professional tools and deep insights to conquer the market.
Traders need binary options strategies to become successful. Fair Binary Options is cooperating with some of the most experienced traders in forex and binary to offer the articles that improve traders’ success chances.
Basic Binary Options Strategies
While recognizing patterns will be the first step, binary options strategies require multidimensional thinking that connects all the knowledge and experience on the market. However, our experts have made our strategy lessons very simple and we are sure many traders will find no problem implementing them daily.
Level 2/4 Strategies When Trading Binary Options
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Level 3: Best Tools for Analysis in Binary Trading
Easier way to do market analysis can be to use market indicators and various trading tools that produce them. Indicators are usually indexes that take in account some important aspects of trading data and based on them try to predict the current level demand for an asset.
Trend indicators and RSI (relative strength index) are just some to name. RSI is probably the most popular index signaling if the market is overbought or oversold depending on its value relative to a reference value. These indicators in binary options trading usually function as a rule of thumb and can be very helpful, however, do not always provide the full picture necessary to make an informed decision.
Level 3/4 Binary Indicators and Tools
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Level 4: Binary academy – Technical analysis
There is no way to become successful binary options trader without mastering technical analysis. This important methodology is not to be avoided in trading. It uses past prices data and chart patterns to detect possible paths of the price in the future. Its a forecasting technique not only used in binary options and forex, but all over the finance industry. Its a way to actively manage one’s portfolio.
It was used since 17 century in the crudest form. In 18th century candlesticks were invented. In the beginning of the 20th century first books appeared, and in 1948 “Technical Analysis of Stock Trends” was published. The work of Robert D. Edwards and John Magee is considered seminal in the field. Today, technical analysis is applied in modern techniques like auto trading and neural networks predictions. To become a master “technician” see articles below!
Level 4/4 Advanced Binary Options Trading
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After the excellent start we had with our strategy section, we embarked on creating the academy that fits in into several sections that aim to help traders, including the news section, guides, and aforementioned strategy section. We are proud to present a new Binary Options Academy series that will teach you to become a successful trader. This Binary Options 101 series will help you trading with success and become successful.
Written by Trading Experts
The articles are written by experienced forex trading professionals who have more than ten years of trading experience. The Binary Options Academy series will not only consist of binary options strategy articles but also include binary trading videos to assure you each topic is being explained carefully to your satisfaction.