While desperately chasing profits, many forex traders are looking for the most accurate forex strategy based on indicators or robots. At the same time, these traders don’t make an effort to learn the basics in price action trading. We consider that a major flaw, and we want to show some important aspects of forex trading.
support and resistance
Just like any new pattern, a trading strategy requires time to understand and get used to. You cannot expect to make a profit right off the bat just because the strategy made money for some other trader. The truth is traders need to spend time analysing their trading strategy before they can expect to make a profit from it.
In this trading strategy you have to monitor close breakthrough support and resistance levels to identify entry levels for call and put options buying.
Binary options trading could be simple if you make the right decisions about the likely direction of price changes.
The support and resistance levels are essential part in your technical analysis. Every binary options trader must be able to find and mark them on the chart. Learn how to get signals for trading binary options by using the support and resistance levels.