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Binary Options Trading Strategy – Best 60-Seconds Strategies
Today we are going to share our binary options trading strategy with you. This strategy is designed to help you identify whether you’ll like trading binaries and teach you how to trade binary options the right way. If you prefer to play it safe over gambling, you’ll need a strategy or tactic to help you master binary options and other trading activities. This is where our TSG team comes to the rescue. We will provide you with the best binary options strategy.
The main reason we’re interested in learning about trade binary options is the fact that binaries simplify what we’re already doing in Forex. At the same time, binary options also allow us to make more money in the process. We are also controlling the risk.
Binary options are easy to understand. This is coming from someone who has little or no experience in the area. If your favorite approach to trading forex is to jump in on a fast price movement and ride the intraday trend for as long as the momentum lasts, you can learn how to make money trading binary options very quickly.
When we first discovered binaries, the light bulb in our heads turned on. We figured out the same thing that we’ve been doing in Forex can be done. But walk away with 75%, even 95% winning trades because we only needed to get the direction right. No need to worry about how many pips we could grasp in the process.
And that, my friends, is the real beauty of binary options.
What are Binary Options?
Binary options are a form of derivatives that have a fixed profit or loss. Trading binary options is simple. All you need to do is ask yourself a simple yes or no question. Will the price of the underlying asset be worth more than the strike price at the expiration date?
Now, let’s start by understanding how binary options work.
Essentially, we can trade binary options for any type of instrument. Whether it be commodities (Gold, Oil or Silver), Forex exchange currencies (EUR/USD, GBP/USD or USD/JPY), or stocks (Amazon, Tesla or Twitter).
So, the first thing you need to decide upon is to select the asset to trade.
Second, before submitting our trades, each of these instruments has a current value at any given point in time. How to trade binary options depends on our trading skills. It is used to predict where the current value will be some time in the future. In other words, we must use our skills to predict the market direction. This will determine our success in trading binary options.
The market can only go up or down. If we believe the current value will go up in the near future, then we buy a Call option. On the other hand, if we believe the current value will go down in the near future, we buy a Put option. Read more about call options vs put options.
Best Binary Options Broker 2020!
Free Trading Education!
Free Demo Account!
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Third, we need to determine what the most critical aspect of trading binary options is. The expiration time will ultimately determine if you’re making a profit or not.
Trading binary options require you to correctly forecast two things:
- Whether the market will rise or fall.
- Your forecast needs to be accurate during a certain time frame – called the expiration time.
If you’re right on the market direction by the time of the expiration time, you earn a profit. Being wrong means you incur a loss. The way binary options works is that if you’re right on the market direction, you’ll get a percentage of what you initially invested in.
Typically between 75% and 95% and in some cases, even 100% of your initial investment, depending on your Binary Options Broker.
Supposing we’re wrong on the trade, then we’re going to lose the whole amount invested in the short term.
We have made a nice infographic that highlights the four steps on how to master binary options trading.
Now we’re going to focus on step two, which is how to predict the price movement. If you manage to figure this out, then knowing how to make money trading binary options will be a piece of cake for you.
Now, before we’ll outline a method on how to make money trading binary options, we always recommend taking a piece of paper and a pen and take notes on the rules of the best binary options strategy.
In this demonstration, we’re going to look at the buying Calls.
The Best Binary Options Strategy
Our team at Trading Strategy Guides is ready to share with our beloved trading community our 60-second binary options strategy. We don’t just hope this strategy will make you money, we’re certain it will. The mathematical model behind this binary options trading strategy has a proven market edge.
The only tool you need to trade binary options successfully is the RSI indicator.
Even the RSI indicator is not good enough if it doesn’t have the “right” settings. The RSI default settings need a little bit of adjustment if you want to master the 1 minute time frame. We use a 3-period RSI to trade binary options profitably.
Naturally, a lower RSI period means that the indicator will tend to be noisier than normal. But it is more responsive to the immediate price action. Along with the RSI settings adjustments, we also played around with the overbought and oversold readings. We found out that by using an 80 RSI reading for overbought and 20 RSI reading for oversold condition, we get more accurate day trading signals.
*Note: Make sure you adjust the RSI settings before you jump into the binary options trading strategy.
By changing the RSI overbought and oversold line, we have eliminated the noise. So now we’re ready to highlight our binary options step-by-step guide:
Step #1: Find an instrument that is showing a low the last 50 candlesticks. Use the 60-second chart (1 Minute TF)
The 1-minute binary options or the 60-seconds time frame is the best chart for trading binary options. In other words, the best binary options expiration time is the 60 seconds time frame.
We recommend highlighting the starting point on your charts. And the ending point of your 50-candle low that you have identified. Simply draw two vertical lines on your chart through the starting point and ending point of your 50 candle low.
When you count the 50 candle low, you should always start from the current candle. Then go from the right side of your chart to the left side of your chart. If you manage to count 50 candle low, obviously the starting candle point will be your 50 candle low.
Moving forward, it’s time to put the RSI indicator in use and spot if we have extreme oversold reading or not.
Step #2: At the moment the 50 candle low develops, we need an RSI reading of 20 or below
Since this is a reversal trading strategy we need the RSI indicator to show a bullish reversal signal. An RSI reading below 20 shows that the market is in oversold territory and it can potentially reverse.
In our example below, the 1-minute EUR/USD chart is satisfying the two conditions.
Keep in mind that in order to move to the next step, we need the 50 candle low. We also need an RSI reading below 20 to happen at the same time.
We added one more factor of confluence that needs to be satisfied. If used in conjunction with the previous two conditions, it will make you a money maker binary options trader.
Step #3: Look for a bullish divergence to develop between the RSI indicator and the price.
When trading reversals, you need to be as precise as possible. The more confluence factors you have in your favor the more accurate the reversal signal is.
What we need to see here is for the price to continue moving lower after the 50 candle low was identified. At the same time, we need the RSI indicator to move higher in the opposite direction.
If the price moves in one direction and the momentum indicator moves in the opposite direction, it means they are diverging from each other. This signals a potential reversal signal.
Now it’s time to highlight how to find the right entry point for the binary options trading strategy.
Step #4: Buy a Call Option after the first candle that closes above the high of the 50 candle low
The first thing you need to do is to mark on your chart the high of the 50 candles low with a horizontal line. The first candlestick formation that breaks above this high is your trade entry signal to buy a 60-second Call option.
It’s that simple!
After you decide the amount to invest and pick the 60-seconds as your expiration time, it’s time to sit back and wait 1 minute before hopefully collecting your profits.
Step #5: You collect your profits if the next candle closes higher than your trigger candle
If at the expiration time, the price is higher than the price you opened your Call binary options, you’re lucky because you’re about to check-in a big payout.
For example, if you’ve invested $1,000 and your binary options broker offers you an 85% payout, it means that you accurately predicted the outcome of a trade. You get back your initial investment of $1,000 plus the 85% payout which in our case is $850 in profits.
If you want to buy Put binary options, use the same binary options guide, but in reverse.
Conclusion – Binary Options Trading Strategy
Before learning how to make money trading binary options you need a great Binary Options broker. You can’t start hitting home runs right out the gate without making sure you have a binary options broker who wants you to succeed. Secondly, you need a strategy based trading technique to reveal the market direction. You only need to forecast if the price will be up or down during the next 60 seconds, making it very convenient.
We use a heuristic approach to speculate on which way the price is going to move during the next 60 seconds. At the end of the day, traders are looking for a reliable binary options system that will help them make money from trading.
The good news is that the best binary options strategy is exactly that system. Our team is built of many traders with experience in the industry, including binary options traders who know how to make winning trades. We’re ready to help you with every step of the way.
Thank you for reading!
Also, please give this strategy a 5 star if you enjoyed it!
Don’t forget to read our guide on regular options trading for beginners here.
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A Step-by-Step Guide to Binary Options Trading
Binary options trading has been a great trading alternative to a more traditional way of trading on the global market. Due to a lot of benefits and features that are on offer via binary options trading, traders have recognized its potential for maximizing profit chances.
In this guide, we will bring you everything you need to know to get started in binary options trading and provide you with the best possible advice on how to develop your earning potential.
Considering there are a lot of things future traders should consider when it comes to binary options trading, ranging from choosing the right asset to reducing risk factors, this guide will come in handy.
What are Binary Options?
What are binary options exactly? Well, the name is pretty self-explanatory. When trading with binary options a trader has only two choices; to predict whether the price will go up or will it go down. Specifically, traders place trades trying to predict whether the price of an underlying asset they have chosen will rise of will it drop below the strike price.
So the most crucial thing for traders is to correctly predict the asset price movement. It is suggested that binary options traders familiarize themselves with tips and tricks in order to boost their profit potential.
The advantageous thing about binary options trading is definitely the fact that both returns and losses are known in advance. That is definitely an important psychological advantage.
Starting Out in Binary Options Trading?
These types of binary options guides are especially important for beginner traders that are just now entering the fascinating world of binary options trading. Although the definition of binary options may be extremely simple, the trading itself is far from simple. That is why novice traders need to take advantage of these step by step guides and start off on the right foot.
Learn the basics of binary options trading and help yourself by reading this guide to better understand the binary options trading process and all the important elements and phases it entails.
Finding a Binary Options Broker That Fits You
Choosing a right broker is probably one of the most important elements of starting the journey in binary options trading. Not all brokers are suitable for all traders and making the right choice may be the difference between being successful and unsuccessful.
Obviously, all binary brokers differ amongst each other. All of them offer trading on a specific platform, which can be a platform they have developed themselves or from a software provider. They also may differ by whether they are regulated or not. This effectively means that a regulated broker is governed by a set of legally binding rules and regulations which are set in place to protect primarily the trader.
Binary options traders are generally more inclined to register with brokers that are regulated than with those that are not. Traders are aware that dealing with regulated brokers is fairly simple and there are procedures in place for any type of unexpected situation.
Traders are encouraged to read and thoroughly research all applicable policies, Terms & Conditions, and all other legal info in order to be prepared the best you can.
Other things that can certainly be valuable to all traders, and are definitely valuable to beginners, is a quality oriented customer support, education section and obviously an abundance of trading tools and features.
Key Elements in Binary Options Trading
Obviously, no one has the success formula when it comes to binary options trading. However, we can certainly identify crucial elements that need to be in place when trading binary options if you even want to have a chance of getting good results.
In order to be clear headed and be able to strategically make good moves, the best thing is to start your trading journey with a good, solid plan. Your trading plan needs to be factual and logical, it needs to represent actual data and strategies that you have researched and possibly tried out on a demo account. Keep your emotions out of it and your brain in it.
Be aware that there can potentially be a lot of stress included, and you have to know how to manage it so you can stay sharp and focused.
Also, it is important that you remember not to invest all of your money at one time. Take it slow and steady and try to limit your investments to 10% per trade. If you are a complete beginner, we suggest reading the broker reviews, getting familiar with the process of trading and not getting ahead of yourselves with investments.
Maximizing Profit Potential
With binary options trading, there is a lot of features and tools you can use to maximize your profit potential and at the same time minimize your risk factors. There are plenty of trade options to choose from, both for short and long term trading.
What is a special treat for traders who are always on the go, are mobile apps that allow you to trade anywhere and everywhere. Most binary options brokers realize that their traders are smart, busy people who want to stay on top of their game regardless of their location.
In order to know which broker suits your needs the best, we recommend trying out a few of them so you can make sure you found the right fit. The logical choices are those brokers that offer free demo accounts so you can practice your trading strategies and moves in a risk-free environment because the funds you are investing are virtual and not real.
With a demo account you get to experience what it’s like to actually trade binary options but without the fear and stress that normally accompanies traders that are just starting out and are unsure of their abilities.
As you must have figured out by yourself by now, no one is able to give you a bulletproof plan when it comes to binary options trading. Your safest bet is to always be prepared, to learn new strategies, educate yourself, practice and make sure you invest your money slowly.
Binary Options Ghana
Trading with binary options in Ghana is not a big news. For a long time, traders are offered the option of trading with various brokers, automated software, and systems that provide this type of service. Traders from Ghana have accepted this kind of trading method and every day the number of traders with binary options in Ghana is growing. The variety of brokers enabled, the various tools and features that brokers provide together with integrated software, have made binary trading options for Ghana citizens very simple. In this article, we will inform you in detail about the state of binary options trading in Ghana.
Binary Options Trading Ghana – Regulation
More recently, the availability of binary options and brokers that allows you to trade on the financial market is huge. At the same time, residents of Ghana are allowed trading as well as any other trader that participate in trading on the financial market.
When talking about regulation, traders need to know that not all of the binary brokers are regulated. By this, we can see many brokers providing their services to the big number of countries, but their residents cannot use the software or trade with the specific broker on the market. The same is correct for Ghana. It is important to know is that if a broker does not have a license, it does not mean that you have come across a scam.
Obviously, a lot of traders are able to find a deposit with fully licensed and regulated broker, and our team recommends that traders for Ghana always go for following brokers. This way, brokers that are regulated have a responsibility to follow a certain set of rules and protect their traders at the end. This is a very important for you – trader because you want to invest in something that is safe, secured and not a 100% scam.
Are Binary Options Legal in Ghana?
The answer to this question is very simple – yes, binary options are legal in Ghana and all traders can trade binary options at any time. What is important to each trader is the fact that there are certain steps that each trader should meet before deciding to trade binary options. As a first step, it is essential to register with a specific broker, followed by initial deposit and after that, you can start trading.
Although brokers in Ghana are regulated and you can use them to trade binary options, it is important to note that a government can have its own decisions that can affect trading. For example, Ghana may have different tax receipts from traders while some other country will not be looking for. In order to know more about such laws and information, it is important to have someone who will explain it all to you. That is why we advise all traders to always seek a customer support agent or account manager when depositing with a specific broker. This person can provide you with a large number of information related to specific state laws or account settings. Also, local authorities can be contacted, who certainly have the correct and all necessary information on how to trade and everything that a trader needs to know when starting this trading journey.
Binary Options Brokers in Ghana
When traders choose to trade binary options, they often need to keep in touch with some basic rules that are important for trading on the financial market. Trading with binary options in the financial market is not just money flow but also knowledge and important decisions that need to be made in a specific situation.
To help you access brokers and meet your criteria, we have put together key features that traders should be aware of when they opt for a particular broker:
- Minimum Deposit Amount
- Deposit and Withdrawal Options
- Demo Account
- Customer Support Team
- Mobile/Other Access your Trading Dashboard
- Download/Web Trading
Brokers will never make the difference between their clients and will try to answer all the questions they have been asked. What is important for Ghana residents is that the broker supports Ghana as a country that is free in the financial market. In this way, traders know that they can make an initial deposit and start trading with binary options. These step-by-step features will help you find the right broker and gain confidence in yourself and the broker you are trading with. We all want to alert you to this because of a large number of scam brokers and software around the world in this industry.
Binary Options Ghana – How to Trade with a Demo Account?
Demo account is an important item for all Ghana traders, starting from beginner to expert traders. In this way, Ghana traders can explore and test all the tools and features that their specific broker provides. With the help of demo accounts, traders use virtual money to invest in certain binary options and test the quality of the software the broker provides them. In this way, traders are taught and learned a lot of information that is otherwise only available in textual form. By educating and learning new tools and features that can be used in everyday trading, traders improve themselves and educate themselves on the binary options available in the financial market.
There are two types of demo accounts provided to Ghana traders as well as all other traders in the world:
- Demo account that can be tested before the deposit
- Demo account that can be tested after deposit
This second demo account is specific because traders must accept all terms and conditions and deposit initial money so they will have a chance to see how the software works. Different scenarios are possible, but what we advise Ghana traders is to always try to test the software before the initial deposit because they can thus gain insight into all the advantages and disadvantages of a particular broker. Every trader needs to find that broker who will meet all his needs. Only this way the trader will be satisfied and be able to trade binary options freely and securely at any time.
What is The Best Binary Options Strategy for Ghana Traders?
Ghana traders will often ask which are the best settings and which strategy to choose during trading. Responding to this question is not easy because by looking at brokers available for Ghana traders we can find different strategies, signals, expert advisors and webinars that explain how to trade binary options. There is no perfect strategy or something that traders can implement and earn a large sum of money.
However, there are different ways traders can provide better and more profitable trading with binary options. One of the most important items is – education. Get to know the broker you invest in, recognize all the advantages and disadvantages, test the software and explore all the options that are approved to you. In this way, you will provide yourself with knowledge of the broker in detail and you will certainly achieve better results during the trading. What the broker has to offer is to educate through different webinars, educational and instructional videos, and different market reports and analyzes. Our team encourages all Ghana traders to study as much educational material as possible and study everything that can be useful in trading binary options. The traders need to understand that trading with binary options is like a job that needs to be taken care of on a daily basis on multiple levels and success will certainly not fail.
What are Binary Options Robots and Binary Options Signals?
In addition to binary options brokers, Ghana traders also have the ability to trade with binary options robots and binary options signals. You are probably wondering what binary options robots are?
Every day more and more traders use automated software that puts trades on the financial market on their behalf. Such software is called Robot. Binary Options Robot has a great ability to be customized and the settings that you can set up are huge. Different strategies and settings allow you to trade automated and at any moment. You don’t need to stand in front of your computer and ask yourself what is convenient for you on the market. Binary Options Robot trades for you. This kind of a robot will explore the market, compare prices, ensure the highest quality trade for you and place it on the market on your behalf. It is also important to note that there are various software that functions among the robots and are a scam and we advise all Ghana traders to investigate the type of trading they are engaging in.
On the other hand, we have binary options signals. These are the “messages” that come directly to your software that is related to the broker and inform you of the most favorable trade on the market. Traders can accept or reject these signals at any time and so decide whether to participate in the trade or not.
Along with these signals, there are also expert advisors who can give you trade advice and exactly tell where to invest money at a certain time. Trading with expert advisors is very similar to signals, but in the case of a signal, it is about computer algorithm that explores the market and offers different trades for you.
We need to highlight that auto trading software and binary signals are typically free but traders do need to deposit with a trusted broker to begin trading for real money.
Binary Options in Ghana – Conclusion
Once we have clarified and gave you basic instructions on how to trade, we need to tell you that binary options trading is the future of the financial market in the world. For traders in Ghana, it is clear already that binary trading is one of the most popular ways of participating in the global investment markets.
The popularity of binary options and similar financial investments grows every day. Ghana traders must keep in mind that they can at any time invest in binary options and have free access to financial markets. Although we have talked a lot about the scam problems that traders do not want to experience, we can all agree that by training and testing a specific broker we can achieve the desired results. That’s why our team wrote this article for all Ghana traders and in our other reviews and articles, you can find detailed reviews about brokers, different software and the ways you can invest and trade binary options.
Best Binary Options Broker 2020!
Free Trading Education!
Free Demo Account!
Perfect for Beginners!
2 place in the ranking!