European style stock index option trading27 comments
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The Oscillating indicators can be a good tool to use for binary option trading. These are the indicators that will show us whether the market is currently overbought or oversold. Personally, I will recommend you guys to use the Stochastic and RSI indicator to look for overbought or oversold market. First of all, let me tell you more about what exactly is overbought and oversold market.
When the market is overbought, it is a sign that the price has went up too much and it will do a correction by going down. When the market is oversold, it is a sign that the price has went down too much and it will do a correction by going up. So how do you use the Stochastic indicator? When the stochastic line went above 80, it is a sign of overbought. When the stochastic line went below 20, it is a sign of oversold. You still need to make use of other binary option indicators or entry conditions to help you locate the best entry point.
You can start formulating your own strategy based on these 2 indicators first and slowly add in other indicators or trading conditions to help you make more precise entry. I hope that this post is useful for you guys who are looking to formulate your own strategy.
Below is a post that I have written sometime ago regarding how to formulate your own strategy. For those of you who are interested to learn the exact binary option strategy that I am using to trade everyday, please click on the link below for more information about my course.
Binary Options Strategy Binary Option Signal Learn various binary options strategy from the binary options signal blog created by a real trader who has been trading profitably since Categorized Binary Option Indicators. When the stochastic line went above 80, it is a sign of overbought When the stochastic line went below 20, it is a sign of oversold So how do you use the RSI indicator? Below is a post that I have written sometime ago regarding how to formulate your own strategy http: Binary Option Course By Me.
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