The pair continues to maintain relatively high values and the sideways pattern is still in progress. The degree of the strong performance of the day is evident by the fact that the daily high levels are very near to the monthly high marks. At the same time, the intraday bias in EUR/USD remains neutral at this point. Prior break of 1.3416 resistance argues that corrective pattern from 1.3718 has likely finished. Above 1.3445 will target a test on 1.3710 resistance. Meanwhile, anything below 1.3300 could turn bias back to the downside for 1.2755 support instead. In a deeper binary analysis, the overall price actions from over 1.6035 are regarded as a corrective pattern, which is still in progress. Current development suggests that price actions from 1.3715 were corrective in nature.
Today, binary traders are seeing some minor drops in the pair, but still USD/JPY is into an increasing edge. The Intraday bias remains neutral for some consolidations below 98.52 the daily top. An upward corrective move is also a likely scenario but a further rise remains somewhat mildly in favor as long as 97.80 support holds. Above 99.30 will target 99.98 first and a possible break will confirm completion of the pull back from 101.55 at 95.85 and should send the pair through 101.50 resistance. In fact, values of over the price of 103.70 are viewed as a consolidation pattern and a rebound from 93.80 is treated as the second leg. In the bigger picture, USD/JPY made a top at 103.70 and turned into consolidations. Some more sideway trading is very likely to be present. In case of a further fall, the downside will likely be contained by 92.50 support and bring rebound.
This morning the pair is marking a slight recovery turnaround, even though the trading mode is close to a sideways edge. Still however, USD/RUB fluctuates in small ranges, where it is between minor gains and losses. USD/RUB remains into an increasing channel and today is marking a little higher resistance and support versus yesterday. Any values below 32.95 could be clearly viewed as a downwards trend, compared to the daily peak of 33.19. Logically, the pair is still little above the values of the last days (MA 50 – 32.85). Binary investors should not expect any spectacular changes in the pattern. In their binary analysis, binary traders should estimate values close to these price ranges, at least for now.
For a number of traders, Saturday and Sunday present the only time spare time they have available for trading binary options. Regrettably, many of the main markets are closed on these days, reducing the total number of trade possibilities. Brokers, recognizing that many traders do either prefer or need to trade during the weekend, are now working hard to provide trade prospects in spite of some marketplace hour constraints. The following are a couple of the options available for weekend trading.
Stock options may be restricted on the weekend, but are undoubtedly not entirely unattainable. Not every marketplace will only be open from Monday to Friday. Some are open for trading from Sunday to Thursday, while others are open for trading from Saturday until Wednesday. The following markets are open during the weekend and may provide plenty of trade possibilities:
One of the best asset selections for weekend trading is going to be currency pairs. No central market for Forex exists and for that reason one or more trade options may be offered at any time. Not every binary options trader has experience in Forex trading. Even so, those who need to trade primarily on the weekend are going to benefit from finding out how to trade currency pair binary options. Do be aware that liquidity can be decreased during the weekend, but this is going to have much less impact on those who trade binary options than those who trade straight Forex.
Whether or not you are trading options solely on the weekend or throughout the week as well, being aware of the marketplace overlapping hours is going to be helpful. When numerous markets are open at the same time, a variety of trading possibilities will be provided. A part of the attractiveness of options trading is the fact that traders can benefit from both lively and slow-moving marketplace conditions. Steadiness or volatile price movement can each be lucrative as long as the appropriate trading instrument is selected.
If you are one of the many traders that is super busy during the week, but has free time for trading on the weekend, realize that there will still be a lot options to choose from so long as your broker provides them on these two days. Most brokers now do, with many also delivering mobile trading so that traders with handheld devices can trade from virtually anywhere. Mobile trading is excellent for weekend traders who want to trade, but would rather not spend their valuable free time tied to a computer.
Trading forex is quite difficult for forex beginners because they have to learn a large variety of things about forex; they need to know the features of forex market, learn forex trading strategies, use forex trading platforms as well as tools, read charts and indicators etc. in order to have a better understanding of forex trading. It is quite possible that they may get confused now and then about what to do and how to do. Do not worry, here, I will list some forex tips how to make good money in Forex trading for Forex beginners.
Forex for beginners Tip No.1: make a comprehensive study plan
Forex beginners who want to get profits from forex market must learn forex first. There are many ways that a forex trader is able to learn knowledge about forex for beginners. It is most convenient for Forex traders to take part in online forex training because they do not need to go somewhere physically to attend the classes. Forex traders are also able to learn forex by reading books, looking through internet or learning from experienced forex traders etc. By learning, they are able to get fully prepared for forex trading.
Forex for beginners Tip No.2: find a reliable forex trading broker.
I have mentioned before the importance of a forex trading broker for forex beginners. But I have to emphasize again that a reliable forex trading broker should be the one that will never wipe out traders’ accounts, and also it can provide a lot of convenience for traders especially for beginners. A reliable forex trading broker provides excellent services on forex for beginners nearly 24 hours, which is quite helpful for beginners because they are able to inquire brokers anything they want to know about trading forex.
Forex for beginners Tip No.3: learn to manage money
It is vital to manage traders’ money properly in forex trading; without proper money management, traders are prone to lose even if they are experienced in trading. Forex traders should have a clear idea of how much they are able to invest in every trade, how to recoup previous losses from profits etc. Some experienced forex traders never invest more than 1% of their account in a single trade.
Forex for beginners Tip No.4: make full use of stop losses to manage risk
As forex beginners, they have greater possibility to expose themselves to risk due to their insufficient experience. So in order to minimize this potential risk, forex traders should learn how to manage it properly. One of the most practicable and useful method is to use stop losses and it is quite easy for traders to learn how to use stop loss orders in forex trading.
Forex for beginners Tip No.5: seize every opportunity
Forex market goes up and down from time to time, it is impossible for an opportunity to stand still for traders to seize; so in order to succeed in forex trading, traders should get fully prepared for seizing these transient opportunities whenever they appear. So, forex traders should get rid of indecision in forex trading.
Forex for beginners Tip No.6: trade without emotions
It is common that people are easily controlled by negative emotions; but for forex traders, it is quite terrible to trade with emotions because that might bring unpredictable losses to them. So if only Forex traders are controlled by their negative emotions, they should stop trading until they calm down.
The USD Swiss was trading between resistance one and support level one all night. It was using the pivot level as a center point, where price was fluctuating throughout the morning. As price formed some nice wicks at support level one, we then noticed the wick starting to form right before our entry. Price pulled an extended move through support level one, giving us our call option for the day. Price moved 1 to 2 pips against us in the first couple of minutes, but eventually shot up giving us a nice 10 pip winner on the binary markets. Any time you can get a big jumper candle after entry feels really good especially on a Friday. We will continue looking at USD Swiss as we go forward. Should the euro dollar not show us solid trade setups, we will consider the USDSwiss as a good potential trade option.
The image below shows price action coming off the mid-area of the channel from pivot. Notice how price action hit the support level one and bounced up 30 minutes before we entered our trade. You can see the green arrow pointing to the north side, which shows our entry. Price action jumped almost immediately after our 10 minute expiry started and by the end of the trade, consolidated 10 pips above our strike price. Price did reach new highs soon after our trade was over, but eventually dropped all the way back down to our entry level. Since the close of this trade price action has actually made new lows near support level two, giving traders a nice set up at this level as well. A nice 5 minute wick has formed and is now bouncing back up to support level one. It’s this type of price action that allows you to take the best trades possible. Sometimes it’s better to walk away from the markets when price is not moving very much. In this case, we are able to find some nice setups this morning while moving into the weekend with a nice winner.
I will tell you some ways to use the MacD oscillator. It’s for sure one of the most popular indicators in the trading community and created by Gerald Appel in the late 1970s. You can see Macd in several forms out there because the traders and the coders try to adjust it to the their current strategy. The default setting of this indicator are (12,26,9). Look at the first screen shot. It’s from EURUSD currency pair. In this chart we have a MacD with default settings without the histogram. We have only the zero line(the purple line) and two EMAs, the 12 day which is the faster one and the 26 day which is the slower. Now, form this screen shot we could take some signals. When the EMAs are above the zero line there is a bullish activity. On the other hand, when the EMAs are below the zero line there is a bearish activity. In the chart you can see some put arrows. There arrows are EMAs crossovers. When the slower 26 EMA(the blue one) is above the 12 fast EMA we have short signal. In the opposite condition when the faster EMA is above the slower we have a long signal. The problem with this indicator is that it creates so many signals and as it’s natural many of them are wrong. Take a look in the second screen shot. This is the same chart with the above EURUSD but here you can see a different view of MACD. We have a histogram. In the histogram notice the colors. We have light green and dark green. Red and dark red. When the histogram makes bars below the zero line it’s a bearish signal and when makes bars above the zero line it’s a bullish signal. Notice some spots in which there are bars above the zero line but we have down moves. These are with dark green color. It means that we have a down move but the momentum is still bullish and there is still bullish activity. The best signals is when the MACD makes bars clearly above or below the zero line. You can use both the histogram and the EMAs to have a better picture what going on. Another way to use this indicator is the divergence as I said before in my article about divergences. Many traders think that MACD is the holly grail. Of course it’s not.It repaints badly in most cases and as I said before it creates many signals. Some of them are good , some not. Filter the bad signals with price action and volume analysis. MACD is just a good confirmation. - See more at: http://www.binaryoptions.net/ways-to-use-macd/#sthash.4lqoz4ny.dpuf
Now that we have a basic idea on how binary option trades work, let's take a look at a simple example.
Let's say, you decide to trade EUR/USD with the assumption that price will rise. The pair's current price is 1.3000, and you believe that after one hour, EUR/USD will be higher than that level.
You then look at your trading platform and see that the broker's payout is 79% on a one hour option contract with a target strike of 1.3000. After much deliberation, you finally decide to buy a "call" (or "up") option and risk a $100.00 premium. You could say it's similar to going "long" on EUR/USD on the spot forex market.
Ending Scenarios After Entering a CALL OptionGain/Loss
Expiry price is above the strike price
$100.00 x 79% = $79
$100.00 + $79.00 = $179.00
You gain $179.00 on your account.
Expiry price is equal to or below the strike price
You lose your stake and your account declines by $100.00.
As you can see from the calculations above, the risk you take is limited to the premium paid on the option. You cannot lose more than your stake. Unlike in spot forex trading, where your losses can get bigger the further the trade goes against you (which is why using stops are crucial), the risk in binary options trading is absolutely limited.
Payouts in Binary OptionsNow that we've looked at the mechanics of a simple binary trade, we think it's high time for you to learn how payouts are calculated.
More often than not, the payout will be determined by the size of your capital at risk per trade, whether you're in- or out-of-the-money when the trade is closed, the type of option trade, and your broker's commission rate.
In the example given above, you bet $100 that EUR/USD will close above 1.3000 after an hour with your broker offering a 79% payout rate. Let's say that your analysis was spot on and your trade ends up being in-the-money. You would then get a payout of $179.
$100 (your initial investment) + $79 (79% of your initial capital) = $179
Easy peasy, right? Don't get too excited just yet! You should know that there's no one-size-fits-all formula for calculating payouts. There are a few other factors that affect them.
Factors in Payout Calculations
Each broker has its own payout rate. For starters, Forex Ninja's intel shows that most brokers offer somewhere between 70% and 75% for the most basic option plays while there are those who offer as low at 65%. Various factors come into play when determining the percentage payout.
The underlying asset traded and the time to expiration are a couple of big components to the equation. Normally, a market that is relatively less volatile and an expiration time that is longer usually means a lower percentage payout.
Next, the broker's "commission" is also factored into the payout rate. After all, brokers are providing a service for you, the trader, to play out your ideas in the market so they should be compensated for it. The commission rate does vary widely among brokers, but since there are so many binary options brokers out there (and more coming along), the rates should become increasingly competitive over time.
When an Option Trade is ClosedAs mentioned before, binary options are typically "all-or-nothing" trading instruments in that the payout or loss is only given at contract expiration, but there are a few brokers that allow you to close a binary option trade ahead of expiration. This usually depends on the type of option, and usually it's only available within a certain timeframe (e.g., available 5 minutes after an option trade opens, up until 5 minutes before an option expiration). The trade-off for this flexible feature is that brokers who do allow early trade closure tend to have lower payout rates.
When trading with a broker that allows early closure of an option trade, the value of the option tends to move along with the value of the underlying asset.
For example, with a "put" (or "down") option play, the value of the option contract increases as the market moves below the target (strike) price. This means that, depending on how far it has moved passed the strike, the closing value of the option may be more than the risk premium paid (but never greater than the agreed maximum payout).
Conversely, if the underlying market moved higher, further out-of-the-money, the value of the option contract decreases and the option buyer would be returned much less than the premium paid if he/she closed early.
Of course, in both cases, the broker commission is factored into the payout of an option trade when closed early.
So before you decide to jump head first into trading binary options, make sure you do your research and find out what your broker's payout rates and conditions are!
Don't be intimidated! Its name may sound complicated, but binary options are arguably a simpler way to trade than traditional options or currencies.
Just like traditional options, binary options have a premium, a strike price, and an expiration.
The difference is that, with binary options, the "premium" amount for the option is chosen by the trader (usually determined by the the market with traditional options) and the expiration time frames are much shorter.
Traditional options have an expiration range of a week to a couple of years, while binary options have an expiration range of less than a minute to a few days.
Read more: http://www.babypips.com/school/what-are-binary-options.html#ixzz2ZBA3VCIK
So I got another email today telling me about the next big thing in binary options blah, blah blah, and like an idiot I decided to check it out.
It was a familiar product, it was Option Bot 2.0 and I was already an Option Bot 1.0 customer, and to be honest, I didn’t really move forward financially with the first version. I just sort of stayed at the same level, and every time I did have some success, it was quickly wiped out by losing trades.
I didn’t have a bad opinion of the software, I just didn’t really have an opinion at all. But boy was I wrong!
The new version, is simply incredible, it’s faster, I had no issues installing it, as the last version was a real pig to get working correctly, but the service I got from them was completely different to last time.
I had a nice lady called Debbie call me up and make sure the software was working correctly, she explained how the software now works, and how it’s been improved, and I was even given a golden opportunity to sit in a webinar (which was a tad expensive) but this webinar was the making for me.
I was starting to really make money, and it wasn’t getting wiped out early on, it just kept building and now I have a genuine second income that I feel I can rely on.
Knowing that there are real people at the end of the phone that want you to succeed is really something you need to make the step from sceptic to home trader and whilst I wouldn’t quit my day job just quite yet, it certainly helps out a great deal having something extra to boost my weekly income.
What I would say to anyone that is thinking of trying it out, it have a look at the site, have a look at what they are doing for people, and get stuck in. I did, and so far, fingers crossed it’s not a decision I regret in the least.