How To Use Support And Resistance Lines When Trading Binary Options
Hi there.I am often asked in the comments how to determine the point of entry into the Martingale strategy.Today I'll show you how to use support and resistance levels in Binary options. We set the chart for 15minute or 5minutetimeframe. We use the Line tool and find the level of resistance by the tops of the candles. We find the level of support by the lowestlevels of the chart in the same way. And now we watch for the chart to reach orbreak through one of the levels â€“ in this case we are betting in the opposite direction.Let's open 4 windows with different positions
â€“ it will be much faster in this way. Wedo the same thing in all the windows. Here we see the first touching of the level,and I bet $10 in the opposite direction. And in the meantime, we watch the other positions.Here we see touching of the support level on eurodollar Position. We bet $10. Great, our first two bets have triggered.Levels must be rearranged from time to time. And we wait for the next touching of the level. And here again we see the resistance levelbroken through, and we bet $10 for a fall. You should wait until either a touching ora breakthrough. We see that our bet does not
win, so I prepare $30 in advance and againbet for a fall using a Martingale strategy. I hope you know the table of bets; if youdon't, I will write in the description below the tutorial. Here we see the breakthrough and bet $10.And according to the Martingale strategy, we bet $180 as our bid didn't trigger.Now euro dollar lost and we bet 30 for a rise. Pound dollar â€“ bet 30 for a fall.Now, bet 180 on the euro dollar. And now all of our three bets have won, weare just waiting for eurodollar. We are waiting for our bet of $180 to triggerWell, we lose the 180 bet, and then we bet
440, and I think that this bet will triggerfor sure. Now we see that the chart is back and we'llwin our bets. Here you can see my bets for the entire period.If you liked the tutorial, put likes, share with friends, subscribe to my RSS feed.
Using a Demo Account To Trade Binary Options
Hello everyone, Lilly here again, with anothertutorial to hopefully improve your binary option trading skills.With any luck you've found a friendly enough broker and understood a few basic rules ofthe binary option market so it's time to move on to some actual trading tactics, well, almost.There is a great step between the theoretical and the practical trading that can help quitea few of you beginners out there, that simple step is called a quot;demo accountquot; and it canteach you quite a bit about trading, and help you understand a few things before you actuallystart spending money, trust me, you'll thank me later for pushing you to use one of these.Using a demo account is very easy, just think
about it as pretend money. You're not riskingyour own money, but you get to use the same system you would during actual trades.This has two main advantages Knowing the trading platform from the inside and beingable to see how the market behaves in real time, without the risk usually involved inthat. If you're anything like me, your first urgewhen you get quot;free moneyquot; to play with is to burn right through it in no time, but that'sthe wrong thing to do in this case. Treat your demo account like a real one make yourinvestments intelligently, on assets you know and keep things as quot;realquot; as you can.This will help you get the best kind of education
possible an experience that's almost real,that way, when your money finally gets involved you know what to expect.Thanks again for watching, comment below if this helped and don't forget to subscribe!.