Have you interested in binary options trading strategy? If like so, then you know how a binary options strategy works? Well, no problem, this is the right place to know about working with binary options. You know, there are different types of binary options strategies for you to choose while trading binary options.
In this article, I’m going to explain you those different types of trading strategies and how it works.
How does a binary options trading strategy work?
Binary option is a kind of option and as like as gambling, binary options also leads you to get the same results or payouts. However, the outcome will be either in two types that mean the payout should be either win or loss. At the same time, this kind of options is traded only on its date of expiry.
The binary options trading strategy is easy to understand and learn than all other trading strategies. This is the reason why this options getting more popularity among people who are looking for investing their savings. Although it is easy to use, you need to know at least few binary options trading strategies, so that you can able to minimize your loss.
Different types of binary strategies:
As I already said that, there are different types of binary options trading strategies and each one differs from another, because each one has different methods and it also offers various results. Therefore, it is more important to learn about one or two options trading strategies to avoid ending up trading with zero profit. Below I give you few binary options strategies.
Forex trading strategy:
This type of forex trading uses ADX indicator which assists you to identify which type of investment offers a profit. And also, it uses Bollinger bands which help you to monitor the movements of price.
For example, if the price moves downward and touches the lower part of bands, then you need to invest your money on upward and vice versa.
Compressed spring’s pattern strategy:
Another type of trading strategy is called as 5 minutes compressed spring’s pattern strategy. As a name implies that the price of trading is moves like elastic. And, it monitors the elastic change of price that means dynamic changes in price. Also, it reduces and expands every 5 minutes.
Forex economic calendar strategy:
This type of forex trading strategy uses economic calendar which includes 4 important data. Those 4 data are volatility degree of target currency, hours of news, previous results and publish date.
There are 2 types of news: one is positive and another is negative. If the result is positive, then the relevant currency is in the part of the numerator and opens an upward position. And, this is vice versa for negative news.
RSI high-low strategy:
An RSI high-low strategy is easy to learn, so it also called as newbie-friendly binary options strategy. In this, the kind of investment is determined by using RSI signals.