## 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.

Trading Software Binary Options For Beginners Ep 3 Trading OilHD oil the most heavily traded commodity in theworld it dries industry and industry drives economies but before place a binary option on oil first youhave to understand the relationships oil has with other assets welcome tobinary options for beginners take the European Central Bank as anexample a rising prices oil could be taken as asign of inflation by the CB

increase inflation meets the highinterest rates and higher interest rates make for a more attractive environmentfor investment in the US I direct link between theprice of oil and the strength in the currencyoilproducing nations like Canada and Mexico and Norway if I was going up and if it's alongterm trend rather than a play then there's money to be made binaryoptions are arriving Canadian dollar Mexican peso andNorwegian crime

the price of oil and the US dollar havebeen closely linked since the early seventies to trade oil you have to know what'shappening with the dollar wanna the way too high or price leads to aweaker dollar is what's known as the petro dollar recycling in essence I'll producing nations likemexico and Saudi Arabia received a royal wedding dollars then he dollars said in an effective me to buyEuropean luxury goods

so high oil price bad for the dollarupgrade year I because I always denominated inUS dollars there is a phenomenon called the invoicewhat this means is that when the US dollar declines in value relative to other currenciesoilproducing nations like mexico and Norway increase the price of oil to compensatefor the reduced value of the dollar when the dollar is down are you shouldgo up it's a quite right

countries like Japan and China do not dowell in the price of oil is high asian economies on net importers a voile mean that they have to pay more for itwhen the price goes up again if a rising oil prices sustainedif it's a longterm trend it's reasonable to assume that the yenwill take a hit to profit from oil the commodity that fuels the globaleconomy you have to stay abreast big news coming out to the oilproducingnation physically cue unattended monitorcorrelated

thanks for watching binary options forbeginners make all your trade school in the money of.

Trading Software Binary Options For Beginners Ep 2 â€“ Trading Gold the commodity everybody wants 20 a safehaven for investors when confidence in themarkets is low gold is closely correlated with other assets like oil and thedollar that makes it the perfect commodity to trade as a binary option welcome to binaryoptions for beginners like oil

all these priced in US dollars so thefirst thing you have to remember when trading involves that is very closelycorrelated with the price for the dollar it's an inverse relationship meaningthat if the dollar goes up old guys down it used to be that theeuro in bold move together if one when up the other followed thatcorrelation has totally fallen apart after the European debt crisis since2010 when you finally post through and theproblem of sovereign debt is resolved I definitely expect this relationship tome a much the prices of gold and the US

dollar moving opposite directions when you seeone move be ready to trade the other traders use gold as a hedge againstinflation if the US economy's underperforming andthe dollar is weak the marquee almost invariably test aboutit's a very predictable safe haven from risk address investors safety see the dollar taking a big hitthe smart move is the place a call

option on gold economies and gold producingcountries like Australia and Canada obviously do really well when thepossible ties up astray exports around \$14 billion withgold every year the US produces a similaramount so I rising gold price won't help you with the Australian American dollarcurrency pair now just cancel each other out and downoption on the euro as he died on the other hand is a very smart right

think of the Swiss franc the same way wethink about US Treasury bonds another safe haven asset for investorsthe Swiss franc has backed by gold around 25 percent you will take so whengold was up the Swiss franc buys up and vice versabehave just like the you are used to before the crisis both had to fix andhaving founded it doesn't trust it doesn't Thomasthat's why people are drawn to it in an economic downturn thanks for watching binary options tobegin its