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Effective Binary Option Strategy

February 3, 2012 By Leave a Comment

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.

For Example:

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.

Filed Under: Best Forex Strategies, Forex Binary Option Tagged With: , ,

Forex Binary Option Outcome November 2011

December 8, 2011 By Leave a Comment

Since I have posted an article on binary option, I have been receiving emails from exciting readers asking me to share with them the my trading result.

Therefore I decided to add a section here whereby I will share with you my monthly result for trading binary option.

Below is the trading outcome for the month of November 2011

- 4 Winning Trades
- 1 Losing Trade

As a whole, it was a profitable month and I am still fine tuning the strategy that I am using. I will definitely write a blog post on the strategy that I am using so that you guys can give it a try and start making money from binary option.

Basically the trades that I am taking are the EURUSD and GBPUSD. I will try to extend my trade to GBPJPY this month to see if the strategy does work for it.

I will continue to update you guys about this binary option trading and do stay tune for more information.

If you are interested to find out more about this new trading method, you can download a free guide from my broker, TradeSmarter (the only regulated binary option broker in the market) by clicking on the join now button on the video at right hand side of this blog.

Filed Under: Forex Binary Option Tagged With: , , ,

Introduction To Binary Option Trading

November 30, 2011 By 2 Comments

Recently I have added another source of trading income for myself by trading binary option. Therefore I decided to write a blog post on binary option trading so that you guys can also give it a try.

So what is Binary Option Trading?

It is a digital option what gives you a fix payout per trade if you are able to enter the right option.

In binary option, you either enter a CALL option if you believe that the price is going up for the next hour or you will enter a PUT option if you believe that the price is going down.

Since we are forex trader, we will only trade the currency binary option. They have currency pairs like the EURUSD, GBPUSD, GBPJPY and many more.

The good thing about binary option is you will make money even if the price closes 1 pip in your direction at the end of the hour. This is a great way to start trading for new trader. You do not have to worry about where to exit your position or where to place your stop loss.

As long as your analysis shows that the price is going up, you can then enter a CALL option.

How is the payout?

The payout varies everyday according to different currency pairs. On some day, EURUSD can get up to 81% payout which means that you will make a profit of $81 if you place a $100 trade.

I have been trading binary option for 3 months now and I must say that I am making profit every month. I will be sharing with you the strategy that I am using so that you can try it out yourself.

As for the binary option broker, I am using TradeSmarter as it is the only broker that is regulated so far. However I have friends who are using Anyoption and so far have no problem with them.

I hope that you find this new opportunity exciting. I have attached a video on the right hand side of this post for you to watch regarding the binary option trading.

If you are interested to find out more, you can click on the Join now button to download a free guide on binary option.

Filed Under: Forex Binary Option Tagged With: , ,

What is Forex Binary Option?

October 12, 2011 By Leave a Comment

Forex binary option is something that I recently found out about and has been trading it for the past 2 months. So far it has been 2 profitable months and therefore I decided to write a blog post to introduce your guys to this new method of trading forex.

In fact, this is not meant to be a replacement for the normal forex trading that we are doing, it is supposed to be a complement to our normal trading.

But first of all, let me tell you what is forex binary option. In this binary option trading, you will either purchase a CALL or PUT option. If you think that the price is going up for the next hour, you will purchase a CALL option. If you think that the price is going down for the next hour, you will enter a PUT option.

One good thing about this binary option is you do not have to worry about where to place your stop loss or target profit. If you enter a CALL option with $250 on EURUSD and if the price is higher by 1 pip at the end of an hour, you will make 81% of the $250 you have placed. Similarly, if the price is 1 pip below your entry, you will lose your $250.

Forex binary option is suitable for new traders because they do not have to worry about where to place stop loss or target profit. As for traders who are more experienced, I will suggest that you use the binary option to complement your trade.

For example: If you are going LONG on your normal trading, you can also enter a CALL option at the same time. Let says that the price indeed move up in the next hour but did not hit your target profit, you will make a profit on your binary option trade.

With this profit, you already have covered your stop loss amount. Even if the market eventually stop you out, you are at breakeven. If the price continues to move up to hit your target profit, you will make more money.

I will continue to post more about this binary option that I am trading now so that you can also benefit from it. By the way, the broker I am using is TradeSmarter which is the only fully regulated binary option broker in the market. You can download a free guide from them to learn more about binary option trading.

Filed Under: Forex Binary Option Tagged With: , ,
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