Trading Tools Available at Binary Options Zone

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
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  • Binomo
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    Good Choice For Experienced Traders! 2nd place in the ranking!

Trading Tools

Just like in every other profession, traders use specific tools to help them perform in their job. Without the right tools no trader could ever manage to get consistent profits, unless he traded on insider knowledge.

Of course the tools used by Goldman and Sachs’ professional traders will be much more advanced than those available to the Average Joe.

The technology today is so advanced and freely accessible that there are some amazing free online tools that can be used for professional trading. This page looks at some of the most vital tools for any type of market trader, let alone a binary options trader.

Live trading charts

If you are trading binary options using the little tick window that your broker provides by default, know that you can do much better by looking at real-time candlestick charts. All traders look at these live charts to analyze or at least follow the progress of their investments. Using professional charts will help you understand the price action much better and predict its fluctuations with greater accuracy. In addition you’ll be able to add indicators and other analytical tools that will help in the analysis of the price action in greater depth.

Economic calendar

Another very helpful tool for trading is an economic calendar which shows data releases that influence the markets. This is an essential tool for traders who trade the markets solely based on fundamental analysis or to financial data releases and take advantage of price fluctuations that follow certain type of data releases. There are also those binary option traders who prefer to stay away from major news events as they trade using pure technical and algorithmic trading techniques and any (outside) interference may throw off their calculations and predictions. For those traders, this economic calendar will indicate when not to trade.

TrendViper – Trend trading indicator for MT4

One of the best MT4 indicators for trend trading is finally here! If you want to trade MA trends like a professional trader ViperTrend is the right solution. Fully customisable indicator and MA visualizer that generates BUY/SELL signals based on crossovers. This trend trading indicator features amazing display with additional information essential to any type of trader. It is fully customizable with many features yet it remains very lightweight and runs smoothly on multiple charts.

Other trading tools

We want to help all Forex and binary options trading enthusiasts succeed in their market investments. We will soon be adding more free tools that we feel are useful for any binary options trader. Stay tuned, more tools coming soon…

Tools for Binary Options Trading

Lesson 2: Tools for Binary Options Trading

Today, we will talk about those tools that a beginner trader must have in order to succeed in binary options trading.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

The difference between a binary options trader and a gambler is simple. The educated binary options trader does his analysis before he goes into the market. The gambler simply makes his move based on a hunch or bases his bet on luck. In trading, there is no room for luck and a trader must acquire the necessary tools in order to succeed in trading.

Here are the tools every binary options trader must have.

Charts

Charts are the bedrock of technical analysis and there is no way a trader can make it in the binary options market without having charts with which to perform technical analysis. Charts tell us a whole lot about what a financial asset is doing. The key to succeeding in the binary options market is being able to make accurate predictions, and charts can go a long way with helping us make predictions.

Charts are great predictors of market movement. Using a chart patter, you can tell if the price of an asset is headed up or down (which can be used to trade a High/Low trade or Up/Down trade). You can also tell if an asset will move sideways in a consolidation, which can then be used to play the Boundary (In/Out) trade.

In the chart example above, the market stayed in consolidation for about four days before making a southwards move. This chart could be used to make an “IN” trade in the In/Out variety, restricting the expiry to 3 days.

Likewise, this descending triangle chart could be used to trade a “Low” or “Down in a High/Low or Up/Down trade. It could also be used to trade a “Touch” trade, selecting a price barrier between the S1 and S2 support lines, or could be used to trade a “No Touch”, using a price barrier between the Daily Pivot and R1. There are so many possibilities.

Without charts, forget about making money in binary options. It will not happen.

A Reliable Broker

Using a reliable and regulated broker is key to making a profit and perhaps the most important “tool” in your toolbox. What use are other tools if your broker is operating a rigged platform or you can’t withdraw your funds? Below are the most trusted brokers on the market today.

Binary.com $5 90% » Visit Binomo $10 90% » Visit BDSwiss $10 N/A » Visit

Signals

Signals are trades analyzed either from real people or automatically generated tools or strategies. Indicators are tools which help you analyze data yourself. Signals can be useful for beginners, click here for reviews of some binary option signal providers.

Technical Indicators

When you combine technical indicators with charts, then you have increased the probability of making winning trades, and doing that consistently.

The chart below is an example of how I use a strategy based on the MACD technical indicator, as well as the moving average trend indicator to determine what the price action of an asset will be. Once more, this can be used to trade all manner of possibilities. This particular strategy correctly showed that the price action of the AUDUSD would breakout in an upward direction following the cross of the moving averages as well as the MACD crossover from negative to positive. I could place the following trades in the market using this strategy:

1) A “High” option in a High/Low trade

2) A “Touch” option using a price barrier between 1.0200 and 1.0300.

3) A “No Touch” option using a strike price below the stop loss of 0.9700.

4) An “Out” trade setting a range between the stop loss and the resistance level of 1.0170.

If you get the analysis right, you will score winners on all the option types and instead of an 85% payout, you quadruple your earnings!

A word of caution: you get this wrong, and your losses will quadruple as well.

However, with charts and technical indicators, you will win and not lose.

Knowledge of Technical Analysis

Knowing how to combine charts and technical indicators to predict price action is known as technical analysis. It is not enough to have these tools. You need to know how to use them. In subsequent lessons, we will show you how.

Trading binary options on tablets

People think that changing the trading technology can be stressful and difficult but it’s actually extremely easy and even easier than trading on normal computers. It’s important to know that tablets only include the important features for trading and do not contain a large number of distracting elements. You will need a broker to start trading on tablets and you will need to put some personal details that might be a bit difficult to input using the touch screen interface. But you can also use your PC to register for a broker.

What you will learn here:

  • What are differences beetwen tablet and smart phone trading?
  • Is trading on tablets doable?
  • Ios or android trading?
  • What are dvantages of tablet trading?
  • Types of tablet trading?
  • How is future for tablet trading looking?

Almost every broker offers both PC and tablet trading options. We recommend using your PC to register logging into the mobile interface using a tablet later. You will need to make a real money deposit, which can be also done from a PC platform. Switching between your tablet and PC will not be required because you won’t be depositing money every single day. But you can use your tablet to deposit money too, it’s not rocket science after all. You will need to log into your account using your tablet and select the desired assets, choose the most optimal expiry times as well as sort out the options that have the largest payout rates.

TABLETS VS SMART PHONES

One of the first things you probably notice is the size of the screen and at the end thats the only difference beetwen trading on mobile or on tablets at the moment because you have the same features. Because everything comes to sizes of the screen you maybe are tihnking it is not a big deal but it is a really important feature because for the proper analysis you need to see big charts, it is just easier that way. As we said at the beginning, the computer is still the something that is better option to use when it comes to trading but in the future that could change and only thing important is to improve the steps to make it better for users, traders.

IS TRADING ON TABLET DOABLE?

Mobile trading is seen as success between traders and there is now a demand to attend to the tablet market. The iPad has taken centre stage in the quest to develop a trading app, s the pioneering mobile tablet device. The most important thing is the challenge in developing iPad binary options apps that will cater to some of the unique demands of tablet devices such as screen compatibility. Developers and designers are always having a challenge of creating apps that can match the different screen resolutions of the tablets. The good thing is that tablet Apps has advantages over the smartphone versions.
It’s known that tablets have better internet speed and connection than the smartphones and there are traders who prefer to see bigger resolutions of what they are trading as well. With the portability that the tablets (especially iPad) have, we can say that tablets have almost all the advantages of desktop trading.

IOS AND ANDROID TRADING

Brokers that allow iPad trading are using special iOS binary options apps that can be downloaded from the App Store. The Apps are specially designed and developed to fit all your needs and to match the style and usability of iPads. You can easily find a broker that supports iPad trading because there are a large number of iPad binary investing brokers already out there.
Android is very popular as well, there are large number of Android binary investing brokers have who are offering Android supported Apps.

ADVANTAGES OF TABLET TRADING

The best way to explain tablets trading is by imagining a combination of investing in binaries from computers and from mobile phones. The biggest advantage is that traders can access their accounts and purchase contracts from virtually any location and at any moment. On the other hand, the advantage of PC trading is the fact that traders can have a much better overview of their investing activity than using mobile phones.
The tabled trading is between these two, which means that you can access your account from almost everywhere and you have the same overview and graphical detail as if you would be trading using a traditional computer.

TYPES OF TABLET TRADING

You can trade binary options on tablets on two ways. The first way is by using a web-based interface that you can access from a normal web browser. The experience of using web based trading is almost the same as normal computers and web browsers. There are some disadvantages of using the web based trading like the lack of advanced features and the existence of some elements such as the search bar or the URL bar of your mobile web browser.
The second way of trading is by using apps that are specially developed for trading binary options. Because the technology employed allows brokers to include much better and more advanced features than in the case of web browsers, the experience that users have with trading using apps much better.

HOW IS FUTURE LOOKING?

The tablets will definitely overtake the personal computers in very near future which means that mobile trading on tablets will also become much more important in the future than trading on normal PC. It’s wise to use a broker that is offering a mobile and tablet trading because these are the brokers that will dominate the market in the future.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

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