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Binary options - a scam for suckers?

Society has developed several stable views on binary options and concerning financial trading, in particular. Professionals and successful participants in the binary market believe that this is the easiest way to wealth and producing stable earnings. Novice traders who have lost their money in the market believe that binary options are a scam for suckers. And the third category is people who do not believe in such a format of income generation.

Let's work together to analyze binary contracts in the financial market and objectively sort out the issue: binary options - a scam for suckers?

So, in our opinion, professionals do not need to be explained the advantages and disadvantages of binary trading. The results speak for themselves! Let us turn to the other two categories of people, starting with the simple concept and direct justification of the legality of binary trading.

Binary options are simple, urgent (time-limited) contracts on the stock market, in which, as a general principle of profiting, there is an inherent condition for the proper identification of forthcoming asset market movement in an outlined time frame. To put it as simply as possible, the trader's task is to define that key indicator - where will the price move in the next moment:

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The "Trend levels" trading strategy

Cyclical regularities of building quotes on trading charts of underlying assets are an excellent tool to generate predictions with a high likelihood of profits on the binary market. Today, we will look at a technical analysis approach based on market response to trend levels. The "trend levels" trading strategy is the most efficient way to trade binary options in the financial market. The use of this mode of forecast formation will provide for stable profitability dynamics.

In financial trading, there are two main types of trend levels that steadily build quotes on the charts.

Resistance is the level of asset prices from which the quotes make several downward rebounds during the building of a trend.

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An effective strategy "The candlestick engulfing model - a continuation of the trend"

In most cases, binary market pros find that the most accurate and effective signal to trade is directly generated by the price itself. A lot of trading strategies that relate to the technical direction of the trading system are built on this concept. Today, we will look at a system that generates signals using candlestick quote patterns of the underlying assets. This technical analysis strategy generates a signal for the end of short-term correction and allows you to conclude transactions on medium-term sustainable trend movement.

Let's start with the basics. The candlestick engulfing model is a market situation on the chart of the asset when, during steady trend movement or short-term price correction, a candlestick price is formed in the reverse direction with respect to the construction of the previous candlestick quotes, thus overlapping the previous candlestick price with its body. In practice, this situation looks like the following:

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The best indicators for binary options

Consistently effective trading cannot be carried out without the use of trading strategies that outline certain rules of making market forecasts and registering contracts. Trading strategies have diverse forms of construction and utilize a wide range of analysis approaches. The most simple and effective systems are strategies based on automatic indicators. But their creation requires programs that most effectively assess the market and are able to generate signals for high-accuracy trading. Against this backdrop, traders try to identify the best indicators for binary options that will create high-quality, efficient and effective strategies. Today, we will present the optimum set of indicators for the professional creation of a large number of trading systems.

We will describe the indicators and the form of their application on the basis of the Binomo broker’s terminal, where there is an integrated set of the optimal technical analysis tools:

Binomo indicators

Cayman Indicator

This interesting name is of a new analytical tool from financial companies AMarkets.

This indicator is a unique development of the company's experts based on their years of experience to predict future market behavior. The basis of their work on financial markets is a fairly simple measure of overbought/oversold market, which now they have decided to share with their customers, to make their work successful.

Start without loss! FreshForex compensates for losses!

FreshForex

Dear friends! Perhaps this is the best time to start trading in a plus together with FreshForex, a reliable CFD broker since 2004. The promotion will last until June 2, 2024.

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The grand prize of $500 in the Grand Capital Cup Tournament is waiting for you!

Grand Capital Cup

Dear Traders! This Thursday, April 25, 2024 (starting at 15:00 trading terminal time), the next, 15th Round of the Grand Capital Cup tournament for traders will take place.

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How to make money by changing trading sessions? Find out at the NPBFX webinar, May 28 at 18:00 Moscow time

Trading at the change of trading sessions

Forex traders have opportunities to earn money in 24/5 mode. Conditionally, there are 4 trading sessions. However, trading can be profitable not only in these 4 sessions, but also during their shift. What is the specifics of trading at the change of sessions? How do I track trading signals during this period? Get answers to questions and other useful information at the joint webinar of NPBFX broker and FX-Instructor Financial Education Center "Trading at the change of trading sessions". The webinar is suitable for beginners and traders with an average level of training.

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Trading in Financial Markets carries a high level of risk for investors. All materials are published for informational purposes only.