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Bollinger Bands Indicator is probably the most used indicator for binary options trading by beginners. The indicator provides the information on the relative high and low prices of the traded asset.
It also gives the information about the market volatility. When the bands are close together it implies that the market has the low volatility, and when the bands are wide it implies that the market is more volatile. Beginners strategy of using the bollinger bands is usually to trade reversals on price breakouts out of the bands zone. However, when trends occur the price has the tendency to 'climb' the bollinger band and if consecutive reversals are traded this type of trading can result in many bad trades.
To be able to efficiently trade binary options it is advised is to combine this indicator with Stochastic Oscillator which gives another type of information about overbought and oversold market conditions. To get the precise trade entry points Fibonacci Indicator or predefined Support and Resistance Levels can be used.
GOOD PLACE TO LEARN BINARY OPTIONS TRADING
There are various resources available online, which can help you learn how to trade. The best place to start is by joining educational programs offered by some brokers. Very good and free educational center for beginners is offered by popular and trusted broker - 24option.
24OPTION EDUCATION
Join 24option Trading Education Center for Free:
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MY BEST RECOMMENDATIONS
If you are looking for a good broker ...
In my opinion, the brokers listed below present the best choice for binary options trading. I trade for over 5 years: recommendations are based on my personal experience with these brokers.BINARY - CLICK HERE
*Binary.com is one of the worlds biggest brokers. They offer large number of assets and some of the highest payouts (return rates) in the binary options trading industry. 'NO DEPOSIT' FREE DEMO is AVAILABLE!.
24OPTION - CLICK HERE
*Besides being an excellent broker, the best features of 24option are their dedicated support and an excellent education center for beginners.
STOCKPAIR - CLICK HERE
*Best features of Stockpair are their highly responsive trading platform and flexible expiry times selection. My favorite broker for short term trading.