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FOREX is a dangerous business and you should get informed yourself before starting. Forex trading is a craft and as such it requires mastering. Just like a fisherman can find their way in the sea by reading the stars, you want to learn how to read and understand the market’s mechanisms, the reasons for its transformation, be able to read the signals between the lines and make predictions. Ultimately, your goal as a successful part-time Forex trader is not becoming a millionaire or not missing a single opportunity.
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The first strategy uses the CCI (Commodity Channel Index) oscillator. The indicator is designed for the stock market but is actively used in Forex as an indicator of critical zones and possible pivot points. The main idea is that the price changes cyclically, and extremes appear at certain intervals. CCI should identify extreme prices and signal in time that the current trend is weakening or changing direction. PUT-option is opened when CCI falls below the level of +100 (overbought), CALL-option when it is above -100 (oversold) and crosses the zero level. For manual trading you can open trades immediately after the release of +/- 100, there are zero levels will be an additional filter. Discover even more info at Best binary signals.
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Forex trading can indeed present a good opportunity to make money and therefore people keep on being drawn to the Forex market. However, one thing we want to clearly point out is that before embarking on that journey, traders need to understand that they need to arm themselves with a lot of knowledge, determination and a great deal of understanding of the markets, the different methods for trading and most importantly, how to manage the many risks this environment holds.
A signal to open a CALL option will rebound upwards from the bottom of mid-channel for PUT-option – top-down from the top edge of the middle. With the right approach to money management, countertrend strategies give 7-8 profitable binary options signals out of 10. Moving average as a basic trend indicator: The reliability of the most popular Moving Average (MA) indicator is ensured by the concept of the average price value for the estimated period of time. It is the moving average that most accurately tracks the direction and strength of the trend on the price chart: if the average looks up, the trend up it moves down, it falls. The benefits of the Moving Average movement indicate the strength of the trend – the larger it is, the longer the movement. Find even more info at binaryoptionssignals.co.