Binary options engulfing strategy
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If your looking for something simple and effective to implement, then you cant go wrong with our Powerful 10 Minute Strategy! As fellow traders in the industry, we personally understand many trading strategies can prove difficult to follow, especially if your new to trading binary options. Our set-up for trading strategies are very simple.
Personally we prefer to use www. Plus the color-coded aspects of their tools make it very easy to read and distinguish moving average patterns, trends, price directions, and so on. As a reminder, if your new to trading binary options, we encourage you to test your skills with our trading strategies on a Demo Trading Account. This will help you familiarize yourself with online trading and how it works, without risking real money.
If your ready to invest and make profits, be sure you register yourself with a Reliable Broker with a solid reputation and great customer support. This 10 Minute Strategy can be used for any currency pair.
The period of 10 is set to display the average price of your asset over the past ten days. With the other period of 3, you are seeing the average price of the asset for the past three days. There are three different types of moving averages: Below is an illustrated example of how implementing this strategy would look.
You will notice our two moving averages set at periods of 10 blue line and 3 yellow line. Be sure to set your time frame on you chart at 10 Minutes for we will be placing trades expiring at minutes. So whenever our Yellow line crosses our Blue line, we place a trade in the direction the yellow line is heading.
In other words, if yellow crosses blue in an upward direction, we place a CALL trade. If yellow crosses blue in a downward direction, we place a PUT trade. Remember to place trades with expiry times no longer than 5 — 10 minutes.
This binary options trading strategy has been formulated with novice traders in mind, but can also be used by traders from all experience levels. I just started trading binary options a couple weeks ago. Your email address will not be published. Notify me of follow-up comments by email. Notify me of new posts by email.
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