Not a lot you say, but we were provided with a leverage of 10 from Barclays on our position for a commission of 0. The numbers above are just an example, the truth is that the volumes are huge 4 trillion USD daily and a lot of players, but that example is to show you how FX works, and this is necessary when analyzing SR levels and trends. SR levels are defined by the Big players Smart Money and they also hold really well because retail investors use them as well.

The smart money cycle happens in 3 price cycles, and then we see a short-term channel where the price is stuck for a bit accumulating strength GBPUSD last week during US session. These price cycles do not happen randomly, they have a sequence, and in fact every candle or price move has an inside cycle and sequence. This sequence is defined by a set of numbers called Fibonacci numbers. Fibonacci numbers were not developed for trading, and they happen everywhere around us in nature, where many biological systems can be described in terms of Fibonacci-like sequences.

And combining Fibonacci algos with extremely precise price channel calculator and information on how others trade, you got the formula to rule over all other systems and strategies. Now, why would you care when trading binary options? Because unlike with spot FX, you need to be right every time. Basically you have to have the ability to predict whether the candle is going to be red or green. For binaries and spot fx day trading I use 3 indicators with very precise functions.

Forex correlations are an important trading tool. Correlations show us which forex move together, which ones moves in opposite directions, and which ones have very little relationship to each other. This information then helps us determine which trades we should take, helps control risk, and may even provide additional trading opportunities not easily seen on the price chart. Forex correlations are typically shown in a table, with values ranging from to A value of negative numbers are called inverse correlations means two forex pairs move exactly opposite each other—when one rises the other falls, and when one falls the other rises.

A value of means two forex pairs move in sync—when one rises the other rises, when one falls the other falls. It is very rare to find an asset that has a or correlation to another asset. Although as figure 1 shows, there are a number of forex pairs which have very high positive or negative correlations to each other. That means that most the time, on a daily basis they move in sync with each other. This is important to know for reasons which will be discussed in the next section. Find the box where the row and column meet, and it shows that the correlation between these two pairs is That means that they share a very strong inverse correlation.

Sometimes there is no relevant correlation. If a pairs has a correlation value positive or negative less than 60 the correlation is not very strong, and as we approach 0 there is no correlation between the pairs at all. Correlations tables are typically offered based on hourly, daily and weekly timeframes. All these timeframes provide valuable information depending on what timeframe you trade on. For short-term trading, the hourly and daily correlations will be the most important important. It is also important to note that correlations change all the time. Pairs that have a very strong correlation right now, may not down the road.

Therefore, it is important to monitor correlations frequently to be aware of the changing relationship between pairs. There are a number of reasons to care about forex correlations. The main reason I monitor them is to control risk. If one goes against you, they will likely all go against you.

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Another reason forex correlations matter is that they can provide you with trades you may not have seen. High correlations positive to negative provide you with alternative trades; choose the one with the best trade set-up. I also like to use forex correlations to confirm trades.

Upon finding forex pairs with high correlations, I will use one pair to confirm trades in the other. Since these pairs are highly correlated they should be moving together. Correlations can be a complex statistical topic, but hopefully this introduction gets you familiarised enough with the concepts to do a bit of homework on your own as well. Check correlations studies frequently to be aware of relationships between forex pairs which may be affecting your trading.

Use the correlation data to control risk, find opportunities and filter trades. If you are having trouble seeing how correlations work, try looking at the figures in the correlation tables and then pulling up price charts of the two forex pairs in question. Notice how the pairs move relative to one another; doing this will help create a general understanding of correlations.

Forex represents rich hunting ground for signals and alert services. With no central market, and multiple driving factors, volatility is high. Forex pairs are traded 24 hours a day, for 5 and a half days of the week. Trading volumes of currency traded are huge. All these factors mean opportunities are large, and signal services provide regular trading suggestions. As a more established trading vehicle, signal providers for forex are more established than binary platforms. Many of the best services have been going for well over a 10 years. Potential clients can therefore check a large amount of past performance to see how good a service is.

The service providers also have greater confidence in their systems, given their long term performance. For traders, this means free trials, or discounted membership for new customers. The signal services know that traders will only be impressed via results — so they encourage traders to give them a go risk free. We have seen a lot of forex signal services, and related ads. For us, results are the important thing. To that end, we suggest Signal Hive deliver the best forex signals, and here is why:. This service, named Master T v2, has delivered annual profit for nearly 14 years.

Signal Hive is a market place for different systems, but this one is the most consistent. Crucially, you not have to take our word for it. The system is available on the free trial the firm operate. So you can receive these signals absolutely free, with no risk.

10 Best Binary Options Courses, Training, Classes & Tutorials Online

The software can be automated with some of the leading brokers. With MetaTrader 4 integration and real time indicators, the software is as good as anything we have seen. If you are not satisfied after the trial period however, simply walk away.

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• 10 Best Binary Options Courses, Training, Classes & Tutorials Online.
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Beyond the headline numbers, the system is ultra consistent. Data can be analysed per hour, or per day of the week and over the long term, every single period is profitable. So the software and algorithm simply select solid trades. Signal Hive provide a range of signals though — as the name suggests. This algorithm performs well during times of turmoil in more traditional markets. Again, it has shown a profit each year for the last 14 years.

You have logged in to your IQ Option account, chosen the asset, set the chart and decided on the future price direction. You have filled all the boxes accordingly and hit the green or red button. Now your chart should look similar to the one below. I set the chart for 5-minute period Japanese candlesticks. Performance of an opened binary transaction. There are 4 important fields marked on the exemplary chart above. It is not possible to sell your trade when there is less than 15s on expiration timer.

It gives you the opportunity to keep track of your performance. You will see which transactions brought you a profit and which failed.

By clicking on a specific position you will be able to view all the details about it. You can learn a lot and improve your performance by reviewing your past trades.

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You may draw conclusions about the best assets for you, or the most favourable trading times. Trading history can also help you to develop and evaluate your own trading strategy. How to access closed position data on IQ Option. There is quite a lot to do at the beginning.

You have to remember that it will be easier with time. And that the learning process is crucial for future success. Knowing how to manage emotions is no less important.

You should develop a lot of patience and keep the greed and anger in check. Over excitement can be dangerous too.