MAIN FEATURES: Bollinger bands is another simple to understand trading indicator. Bollinger bands help define price relative trading channel and will alert trader in moments of price divergence or increased volatility.
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.
LIKE THE SITE? CLICK FOR SUPPORT
|It is a big help and motivation for me to continue running and improving this website. Thanks!|
24option is the world's biggest broker with great educational program for beginners. Get personal support, tutorials, free webinars, demo account,trading signals and more.
I use 24option for over 3 years and I feel very confident to recommend this broker to any trader.
To visit 24option website - CLICK HERE
Stockpair is one of my favorite brokers which I follow and trade with for the last two years. Stockpair is the 4th most popular broker in the world, but I feel confident to rank it as #1, side by side with 24option.
To read the full review and learn why I consider Stockpair to be one of the best binary options brokers - CLICK HERE.