I want to share with you is very important information: how to use live charts to trade binary options. Article Writing I devoted a lot of time - after all the charts for binary options can be used by absolutely all traders, and absolutely all traders, they can make life easier. What will be discussed in my material?
- Why do we need a detailed technical analysis and charts of binary options?
- On what parameters need to watch live charts in the first place?
- How to use the possibilities of live graphics, options to turn into a source of income?
In the process of explaining this topic, we will pay attention to the real and actual functioning of live graph of binary options that I use personally and which will serve as a confirmation of my words.
So, what's the need of live schedule options?
Trade in options, as you have long learned from past articles - this is not a lottery, but a precise calculation. It is possible to accurately predict the direction in which the price of an asset will move, what will be the time of expiry - but these skills are available only to those traders who are versed in the situation on the financial market and know what factors are primarily affected by this situation.
What is a live graph of binary trades? This is a clear and ever-changing online scheme where data is displayed on a variety of assets: the raw materials and currencies, and stocks, and indices. Working with indicators can make a credible forecast: go up or down the price of an asset at a specific time interval.
Traders who have a certain experience, can argue for forecasts have trade brokerage platform. Yes, there is, but living schedule is more convenient and functional. Schemes, which are available through the platform, contain only the basic parameters and also often lag behind for a few seconds - but for binary options is not "error" and a serious delay. By the way, this applies not only to binary options, but also, for example, trade on the Forex - in the latter case, a live schedule of not less useful.
In options trading, and playing on Forex many seconds can decide - and live chart allows you to receive information, even a little bit before it comes to brokers. It can do a very good job, if the situation on the market of binary trades sharply turn on 180 degrees for a couple of seconds (as long as the information comes to brokers) can be closed and the option not to lose deposit.
Indicators of living graphics are fairly simple and clear: even a beginner in binary trades virtually go figure out what in this situation is to acquire - assets Call or Put. Analyzing various data and closely monitor the signals can cover the binary options in a plus, even without a solid experience. Those who have taken over the technical analysis and graphics, quickly realize that it is not so difficult as it seems, and begin to enjoy all the benefits that this method gives options trading.
How to set up a live chart
So you've decided to start working with the schedule options. What should I do first? To understand the menu. Look at this screenshot: here I said the most important menu options.
Choosing an asset
Using a live schedule, you can work with any binary asset transactions. To the user it easier to work Auto Search: the name of the asset appears in the window after typing the first few letters. Actual quotes appear immediately after the selection of a specific asset. To search for the assets can be used and the additional menu items: All, Index, Stock, Forex, Bitcoin, Futures, CFD, Economy, AllExchanges.
The period of time during which quotes are monitored may vary from one minute to one month. Time is adjusted in the appropriate menu tab. Quick access to the time you get the settings by clicking on the button with three dots. Enter numbers without letters (5, 10, 15), you can select the interval in minutes. By adding the letter H (1H, 2H, 5H) you configure the interval in hours, D- in days, W - in weeks, M - in months.
What intervals should you choose? When dealing with short-term options - uniquely minute, it is most convenient. Over the medium-term (expiration - a week) the most optimum choice - from 4 hours to one day. Choosing a long-term binary options (with expiry month), you can set the time in 1, 2, 5 days, as well as one or more weeks.
The choice of technical indicators is very rich - you can choose from dozens of indicators. Find an appropriate icon in the panel, open the layout and look for indicators that we are interested in. When we make a choice, the indicator is displayed immediately on the current live schedule. Nothing prevents select and several indicators - the first step to creating your own unique trading system, the most suitable for you personally.
indicator settings do not get off at the exit from the program: each successive launch of the system will take into account the instruments selected earlier. Images can also be indicators of change - each user is free to choose the color and line thickness, and other characteristics of the image. To do this, use the display settings menu (standard picture-cog). Also, the indicator can be removed (by clicking on the cross), or temporarily hide ( "eye").
Comparison of assets
It is possible to simultaneously monitor the quotes of several assets: such comparisons can help make more accurate predictions. In the menu, choose the button with the balance and choose to add the symbol (AddSymbol). That way I can, for example, see the information at once on two currency pairs: Euro-dollar and dollar-Russian ruble.
Options for displaying graphics options
Here the choice depends on your personal preferences. Someone easier to perceive information in the form of lines or candles, someone chooses the more exotic options: "tic-tac-toe", "heykanashi", "Kaji" and others. you can search tools for graphical analysis of the left menu: fork, brush, trend lines, etc. Also with the help of this menu, you can carry out measurements, change the scale, insert various symbols. In short, given the complete freedom to those who wish to create visual graphics and share them with partners, colleagues, and students.
And now I'll give you some specific tips for working with a live graph:
Live schedule - a versatile tool, but its capabilities are too great to be able to highlight the universal advice on its use. Each trader has its own comfortable signals on which it can focus. There are some, and I - and I share with my readers.
- quotes display type: I choose "candles." This species is most vivid for me and one of the most understood in principle.
- Timeframe: I choose 1, 5, 15, 30 minutes maximum. The fact that I prefer short options, I wish to quickly see the results of their trades.
- Graphic function I use infrequently: only to create screenshots with the data analysis of binary trades, which I consider it necessary to share with colleagues.
- But the indicators I use are very active. Like any experienced trader, I have a favorite indicators by which it turns out to close in, plus the largest percentage of transactions. For more information on the selection of indicators can be found in my article on technical analysis and indicators for binary options, charts and signals. There I have enough detail to inform the theoretical information and practical advice to give.