how to start binary options trading

Today, let's look at what strategies are available on binary options, and which are best suited for trading.

We didn't manage to create a single list with strategies, because each method has its own characteristics. But it is possible to divide them into several groups. That's what we did.

Indicator and non-indicator trading options

The first criterion by which we will divide different options is the presence or absence of indicators. Most traders find entry points thanks to indicator readings. But there are also those who successfully earn money without using moving averages, oscillators and other tools.

Which strategies are best for binary options is ultimately up to you to decide on your own. We will now tell you the advantages and disadvantages of each option.

Features of indicator trading options

- There are hundreds of different indicators.

At the same time, there are those who earned their trust decades ago. There are also plenty of strategies with different indicators. We won't even be able to describe all of them on our website. You can test different trading techniques until you find the most profitable one.

- Many indicators are developed by world-famous traders.

This means that they give signals based on a weighted analysis. Modern tools are usually built on the basis of their predecessors. Therefore, you should not write them off either.

- Indicator strategies are often difficult for beginners.

Signals for one instrument are unlikely to guarantee a trader a stable profit. Some are useful in the trend, but unprofitable in the flat. Others can compensate for this shortcoming. Proper use of indicators can compensate for the shortcomings.

However, often the trader abuses the tools, putting up to a dozen different lines and oscillators on the chart. The more, the better. It makes sense, doesn't it? But in reality, this is not the case. Too many tools can only confuse you, which can significantly reduce your efficiency.

- Such strategies are best used by beginners.

Indicators analyze the market in their own way. Sometimes not quite correct, but still better than many novice traders. Therefore, by choosing an effective strategy, you can ensure a stable profit.

Features of non-indicator strategies

To understand which strategies for binary options are better, you need to analyze the features of indicator-free trading methods. That's what we'll do now.

- Non-indicator options are more difficult for beginners.

Yes,at first glance it seems that everything is much simpler, because no tools need to be used. But this is the main difficulty. The fact is that instead of indicators, traders will have to analyze the market independently. And as we said, not all beginners can do it.

- Non-indicator options include several ways to analyze the market.

Fundamentalny, graphic, candle. You don't even need to use the chart to trade using fundamental analysis. You need to keep an eye out for important news and other macroeconomic indicators that may have an impact on the currency and financial markets.

Graphical analysis involves the use of various patterns: support and resistance lines, flags, triangles, pennants, etc. It is often used by professional traders.

Candle analysis can be considered the simplest of the three. To find signals, it is enough to remember some candle patterns.

Let's summarize? Both indicator-based and non-indicator-based strategies can be effective. However, for beginners, we still recommend giving preference to the first option. However, the final choice is yours.

Save your thoughts for later. Let's continue to analyze what strategies are available on binary options.

Trading methods by expiration date

Not all strategies can be implemented on any expiration date. Some are effective on long-term trades, while others can make a profit every few minutes. What are the best binary options strategies? It's hard to say right away. Let's speculate a bit.

On the one hand, short-term strategies look more attractive, as they can provide a stable flow of entry signals. And if there are more transactions, then the profit is higher. But there are a few nuances. First, the number of trades does not guarantee a large profit. Quantity doesn't always equal quality.

Secondly, such transactions are characterized by increased risks. And all because of market noise, which we have already discussed more than once. It becomes much more difficult to conduct an analysis (either independently or with the help of indicators), since any price fluctuation can be mistaken for a reversal.

Third, short-term trading takes up a lot of time. Signals quickly become inactive. A delay in entering even for a minute can lead to a loss of investment. Therefore, you have to constantly sit at the monitor. If trading is the main job, you can afford to sit a few extra hours in front of the chart. But if this is an additional method of income (for many, trading is just an additional source of funds), you will agree that it is better to spend less time, but get more.

Long-term strategies do not give a lot of signals. Therefore, in order for the profit to be higher, you need to invest more in the transaction. But this is where the disadvantages of long-term trading end. The advantages include::

- Lower risks. On higher timeframes, the noise is less noticeable, and therefore technical analysis gives much better results.;
- You get more free time. Let's say you made a deal at the end of the day, investing $ 100 in it. After that, you don't need to do anything. You can learn trading or do other things, and after closing the transaction, go to the broker's platform and see how the balance increased by $ 80-85. And this is in a few minutes, which were spent on market analysis and contract conclusion.

Which strategies are best for binary options: short - term or long-term. We would recommend the second option. Or at least medium-term deals. Of course, you can make money on short-term deals. And there are enough people who do it consistently. But it will be difficult for beginners on turbo options.

We told you what the strategies of binary options. Decide on the expiration date and analysis method before you start trading with real money. You may choose an option for trading for 5 minutes, but then you will realize that for some reason it is not suitable for you.

Let only profit strategies come across for you.