It is time for me to share with you the binary option strategy that I am using that make me profit all these months. For those of you who are following me on the topic of binary option, I bet that you must be waiting for me to share with you this strategy.
I really hope that for the year of 2012, you guys can really make some money from forex trading and binary option trading. The binary option is a easier way of making money and therefore I will recommend this mode of trading to those of you who are new.
You can read more about binary option in the article below.
As for the binary option strategy, you just need the below indicators
- Fibonacci Indicator
- Pivot Point
What we are doing here is to wait for the price to approach a major support or resistance like the Fibonacci or pivot point and then enter a trade based on the price being repelled by the level.
If you take a look at your forex chart, you will find that the price is always moving in waves. This is because the price respected the major support and resistance and then get repelled by them.
When the price approaches a major daily pivot resistance and eventually touches it. What you can do is to enter a PUT option at the start of the next hour to bet on the repulsion of the pivot on the price.
You can also use the same trading technique on the Fibonacci levels as well.
The best will be for the pivot to be aligned with one of the Fibonacci level as this will provide a stronger support or resistance level. This will also increase your winning percentage as the level has more power.
Trading binary option can be so simple as it is simply choosing up or down and you do not need to worry about the stop loss or target profit.
If you are interested in binary option, you can try out TradeSmarter as it is the broker I am using. The reason why I choose them is because it is the only regulated binary broker in the market.