Latest Strategies updates
The Pinocchio Trading Strategy
The Pinocchio binary options trading strategy is famous for telling lies about the movement of the market. The Pinocchio or Pin bar is a candle bar with a really small body and a long wick. When the price of an asset starts moving in one direction, the wick of the candle gets longer, which is an indication that the market will likely move in the opposite direction, and a trader trades against it. The Pinocchio helps to reveal the behavior of the buyers and sellers in a market, and this can be exploited to make huge gains, though it is not always reliable.
Trend Trading Strategy
Trends are the most popular type of trading strategy used for binary options trading. There is no trading strategy which does not utilize trends, because trends show traders the possible movement of market forces that will affect an asset, thereby helping them to fine-tune their trading decisions. A trend trading strategy aims to capitalize on the trends set by an asset in the short term and long term. But like every other trading strategy, trend trading is also fraught with many risks, and traders should only base their trading decisions on the trends that have the least risks. We will discuss how to identify reliable trends that will boost your chances of making the best trading decisions. Let's begin by having an understanding of what a trend is.
Fundamental Analysis as a powerful tool in binary options
Trading binary options is a highly sophisticated activity that requires precise prediction of the market forces for any significant gain to occur. Most binary options traders are familiar with technical analysis, which analyses underlying assets on the short term. But of utmost importance in binary options trading is Fundamental analysis. This is because the behavior of assets is influenced by long-term, external events in the larger world economic market. Traders who use a combination of fundamental and technical analyses have better chances of successful trades, as they consider internal and external factors on the short and long term before making their trading decisions.