Best Binary Options Trading Strategies for Newbies
Top Geek Strategies for Newcomers
According to my personal experience, which employs reviewing a range of binary trading strategies, there are both profitable and ineffective techniques. Out of them, I list 5 top strategies that may be used by newcomers.
The strategies that are applied in binary trading are not always perfect. Moreover, the employment of trading techniques is not universal and does not pass for every trader. For instance, some effective and high-quality methodologies require specific preparation level and can not be used by a newbie. In this article, I compiled the optimal strategies that are suitable for every proficiency level, which aims at making data navigation easier. The target group of the provided narrative is the category of newly-registered traders. Thus, the information serves as the learning guide, which employs clear and understandable tips on starting trading binaries. One can not categorize the techniques according to any specific aspects. All strategies are equally critical and important for the beginning traders to learn and apply. Accordingly, the strategies are listed in a free order. One more reason for that is that the complex of analyzed methods constitutes a good basis for binary trading.
The Best of MACD Entries (The Strategy I Prefer over the Others)
According to my personal opinion, the usage of MACD indicator in the frames of a trading technique is one of the most efficient strategies. The application of the mentioned technique is realized in short-term trading. With the usage of two average tools and a MACD histogram, a trader can track trading signs on the short-term charting platforms. As it was already mentioned, this strategy was initially developed for short-term charts with a 5-minute diapason. However, one can also consider testing it on hourly, daily, and 7-days charts.
Trending as a Critical Strategic Indicator
Paying attention to trending is a significant aspect of binary trading. However, it is not that easy learning how to align trends with one’s trending style. With the help of trending lines’ recognition, a newcomer can make a solid start in binary marketing. Furthermore, this technique can serve as the foundation for complicated strategic methodologies.
Pinocchio Technique – Winning by Lying
The strategy of Pinocchio is a high-quality trading approach since it is suitable for a big number of different tools. The functioning of the strategy runs on the basis of the pin bar, which is a recognized technical signal. One more embodiment of this tool is the shoot star that is employed in candlestick-based analysis. No matter how the instrument is called, it always serves two important aims: the differentiation of support/resistance areas & the employment of a contrarian analysis.
Hedging as a Key of Binary Trading Success
The notion of hedging relates to the certification of a trader’s account protection with the help of off-set position entering. With the help of the so-called “locking,” one guarantees the closure of won profits. Although trading with binaries is considered to be a relatively simple act, a trader must still be protective about his funds since they are always under a risk. Through the information that is given in the article, you can find out how binary options hedging strategy can make your trading easier.
A Simple Trading Strategy 1-2-3
The reversal-based technique 1-2-3 is one of the simplest binary trading strategies. The functioning of the methodology has a long history and focuses on the formation of reversing trends at the support/resistance line. 1-2-3 is perfectly suitable for being applied by newcomers since it is easy in use and may be combined with other uncomplicated trading approaches. After the scheme of strategy functioning is mastered by you, you can consider integrating charting and support/resistance lines into your trading.
The last thing to mention here would be that good strategies are important. However, even efficient techniques may cause a loss, which is why you will have to complete your strategy by forum reviews, demo testing, and schooling experience.