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PassYourChallenge on trading practices (especially FOREX) : 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.
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PassYourChallenge regardingintraday FOREX trading : The second rule is to take into account the volatility of the instrument in a particular session. With the H4 timeframe, an open trade is likely to overlap with the second session, where the trading volumes can be completely different. During the Asian session one should pay attention to JPY, during the European session – to European currencies.
PassYourChallenge about FOREX robots : When the algorithm spots a potential trading opportunity, you will be notified instantly. With that said, FX Master Bot allows you to act on these findings autonomously. That is to say, you can elect to automatically place the required entry and exit orders every time a new signal comes to fruition. On top of 17 major currency pairs, the bot also covers 5 cryptocurrencies. Once you meet the minimum deposit amount of $250, the bot is activated. This means that you can then set your own stakes, subsequently ensuring that the bot trades with amounts you are comfortable with.