Trading Binary Options on Gold

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Binary Options Strategy – How to make money

Binary options trading is new and attractive way of making money on the Internet. It is defined as fast and simple trades with market assets such as gold, silver or Google stocks.

Simple binary options platform

In order to be profitable with binary trading you just need to predict if the price of selected asset will rise or decline in the next few minutes or even seconds. The accuracy of prediction can be increased using our strategies.

Our trading strategies

  • >60 seconds
  • >5 minutes
  • >15 minutes
  • >30 minutes
  • >60 minutes
  • >All strategies

Traders can make thousands of dollars crowns with very low risk in just a few hours. You will find the latest and best binary options strategies trade on our website.

Are you ready to make your computer your only employer and make a living by trading from the comfort of your home?

Our binary options trading systems are categorized by the expiration date.

To pull off our strategies, you will need the services of a forex rates program, and we suggest that you use the well known MT4 platform. You should try out a number of indicators so you can find the one that can offer you the best strength parameters. Once you have tested MT4 and found a broker, you need to follow some basic rules and strategies. Watch out for the strength and performance of your chosen currencies during middle of the US and UK market sessions. Once you have identified the currency pair, cryptocurrency or an asset you wish to trade, you need to can now start a trade. If your pair is GBP and Euro with GBP as the strongest, then you can call for a ‘PUT’ trade for EUR/GBP, and choose long expiry time. One of the most accurate binary options strategy is this one: Binary Options Strategy that Works.

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Binary Options Strategy – The Zig-Zag Indicator

There’s this common thinking that binary options trading is only best for the experienced traders around. Keep in mind that it’s one activity that’s open for everyone, at any skill level. In fact, you can even find specific trading strategies that can work for beginners. The idea here is to predict the movement of the prices, and take advantage of the movements. To take advantage of the best binary options strategy for beginners, we recommend to have a look at this one: A trading strategy for beginners.

Strategy for trading binary options

Binary option trade strategies are usually based on use of indicators. People often do not know how these work, therefore you can find the indicators description on our website.

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Trading based on indicators may not be always a good idea. It is recommended to employ also technical analysis. This Binary options website contains lots of useful resources for technical analysis.

Easy binary options strategy

Thank you for visiting our website about binary options strategies that can work for beginners. For a start, you should know that binary options is never a ‘get rich quick scheme’. On the contrary, investing and participating in binary options trading requires patience and time, and can be a test of one’s commitment and skills. But the good news is that it can be a source of decent income on a regular basis and if done right, you can even quit your day job and concentrate on trading. But without the right set of strategies, any investing decisions will end up badly. If you want to be successful in this field, we suggest that you read our guide below and with every single strategy itself. There are surely some easy binary options strategy. One of the easiest ones is the Moving Average Strategy.

Binary options brokers

Not all strategies work with every broker on the market. There’s many, many types of binary options, such as high/low options, touch/no touch trading, boundary and so on. Every broker offers different types of trading, just as it is with expiration times.

Some brokers offer expiration times as short as 30 seconds. Other start with 5 minutes. That’s a reason why not every strategy can be traded with certain brokers. Underneath every strategy on this website, you will find a recommended broker the strategy works with. Good luck!

Binary option trade risk

Binary option trade is not a simple matter! Even if you have the best available strategy some things may go wrong. Therefore do not risk more money than you can afford to lose! However we will always recommend only the best and proven strategies.

Every strategy needs to be tested on a demo account first. It is very wise to use a binary demo account to try, whether the strategy works or not. If it doesn’t work for you, try a different one. There’s many options of getting a demo account, but not all demo accounts are the same. Check our option brokers comparsion table to find a broker who offers free demo practice account.

Trading Gold using Binary Options

Gold is one of the commonly traded commodity assets and is available for trade on almost every binary options platform out there.

Gold is sometimes listed as Gold/USD or XAU/USD on many platforms, and is usually available for trading at certain times of the day to conform to the commodity trading schedule on the Chicago Board of Exchange (CBOE), which allots different trading times for the open outcry floor trade as well as the electronic trade of the commodity. In this respect, there is no difference between the spot trading of gold in the commodity markets and the trading of gold in the binary options market.

However, there are major differences between the trading of gold in the binary options market and the spot trading of gold in the commodity markets.

In spot gold trading, there are massive margin requirements which make this asset too volatile for the average retail trader’s account to handle. Such imbalances are corrected in the binary options market where traders can actually get a level playing field as there are no margin requirements and no contract specifications to worry about. This leaves the way open for traders to trade gold purely as a binary options asset using technical and fundamental indicators.

Technical analysis of gold is conducted using chart patterns, candlesticks, etc. The trade signals thus derived can then be used to decipher what option the trader should choose or what trade direction should be taken: either Call or Put, Touch or No Touch, etc. Such analysis has to be performed on charts obtained for this purpose as many binary options brokers do not offer enough charting tools for this purpose. One platform that works well is the MT4 platform as most forex brokers now offer spot gold trading, and the charts can be adapted for this purpose.

For the purpose of trading binary options, gold is better traded with technical analysis. Fundamental plays for gold are too complicated to be used successfully in the binary options market.

How to Trade Gold with Binary Options

The first step is to open a binary options account and fund it with the needed trading capital. Once this is done, the trader should download a forex broker’s demo platform containing the chart for the gold commodity asset. The trader can also add other tools such as EAs and indicators to aid in trade analysis.

When the asset is fully available for trading (i.e. when the trading time for gold on the CBOE is attained), the trader uses his preferred tools of analysis to derive tradable signals on the binary options platform.

One such tool is the Autochartist MT4 plug-in which can be used to pick out chart patterns, channels and areas of support and resistance, all of which can be used to derive signals for the Call/Put trade type.

A typical trade setup is seen as shown. The Autochartist tool shows a chart pattern, and also shows the preferred direction of trade according to market bias. It also shows the strength of the pattern, which can be used to determine how long the market move will last and this provide a benchmark on which a trade expiry can be set.

The chart above demonstrates the trades that can be taken with a typical chart pattern and the Autochartist chart pattern tool. The chart pattern is a symmetrical pattern with a downside breakout. At the moment the asset has broken to the downside, the trader should wait for a throwback to the broken lower trend line of the triangle pattern, and then place a PUT trade as shown.

With these nuggets of information, no binary options trader should find it hard to trade gold with binary options.

More About Adam

Adam is an experienced financial trader who writes about Forex trading, binary options, technical analysis and more.

Trading Binary Options on Gold

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Best Binary Options Brokers 2020:
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    Best Binary Options Broker!
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  • Binomo
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    Good Choice For Experienced Traders!

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Best Binary Options Trading Guide For Beginners
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