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Forex Trading Strategy

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Forex Trading Strategy

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Optionbit vs. OptionXP

Whilst Optionbit and OptionXP are both top-pick premiere binary options trading platforms, there are some major differences that set them apart, with each platform particularly designed with a different type of trader in mind. Here we will look at the main differences between the revolutionary pair and the key benefits they each offer in providing traders the 1st class service they are famed for.

In essence, Optionbit has been developed for all traders; from first-time beginners, to everyday traders, to generally experienced traders. OptionXP is directed more towards the professional and experienced trader. Both powered by the esteemed and extremely technically advanced Tradologic, the standard of technology and features of both platforms are second to none, with tools and navigational apparatus’ that maintain an unmistakable ease of use and smart simplicity that is not found elsewhere.

Established in 2009, Optionbit is a pioneer in its field. With over 40 assets to trade with and an enormous payout of 81% for in-the-money results, it is a perfect all-rounder platform for traders old and new to profit in an easy and clear way. 100% web-based, there is no need for installation of any new software to the computer and the site itself is extremely clear to navigate ones way around. Currently offered in 12 languages to reach to a wide audience, the website is in English, German, Spanish, French, Russian, Turkish, Arabic, Korean, Portuguese, Italian, Japanese and Romanian.

Traders at Optionbit receive regular promotions, offers, and updates regarding the movements of assets to give traders a helping hand every step of the way. This kind of service is fantastic for beginners and for those who prefer to be kept in the loop. OptionXP, on the other hand, allow their more experienced traders a more independent way of trading.

Established in 2010, OptionXP provides traders with everything they could possibly need to get the absolute most out of the binary options investments, and then some more. Realizing that their experienced traders do not need to be constantly hounded with tips and updates, OptionXP provides a level of service that is so advanced that traders really can be left to their own devices on this unique platform.

Also providing traders with the amazingly generous 81% return for successful trades, OptionXP offers all the same perks and features that Optionbit does, including an extremely professional and experienced 24/6 Customer Support Team, available by phone, Live Chat or email. Neither platform, in fact, stands better or worse than the other and their essential differences simply lie in which type of trader each is more suited to. OptionXP, for example, offers their traders the option to view 4 trading screens simultaneously on one screen, a specification required for the more experienced trader in order to step up their trades. Optionbit only offers the option of one screen at a time, something suited to general or beginner traders.

Similarly, the minimum deposit requirement for traders at Optionbit is just $100, something that less experienced traders would be more comfortable with, whereas OptionXP’s minimum deposit is a bigger $500, more suited to experienced traders who are more confident with their trading approach.

Both platforms are advanced in that they both host unique money-making features and tools such as “Touch” and “Range”, giving the trader a much wider scope when they’re predicting the movement of an asset. For example, “Touch” allows traders to predict whether a stock will simply touch a pre-determined price before the option expires and “Range” allows the trader to choose whether an asset will expire within a predetermined range. Both platforms also offer the tools “Close Now” and “Extend” allowing traders to close an option early or in fact extend an option past its original expiry time. These kinds of features are invaluable tools to traders, and Optionbit and OptionXP are both unique in providing these kinds of revolutionary features.

In conclusion, here we have 2 very strong trading platforms, both with extraordinary features and advantages that you cannot beat. So whether you’re an inexperienced trader who would benefit from the unbeatable service and attention that Optionbit has to offer or if you’re an experienced or professional trader who would rather be left to the devices of an exceptionally smart and comprehensive platform that is OptionXP, you’re definitely onto a sure thing with this binary options trading duo. Happy Trading!

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Short Term Momentum Trading Forex Strategy

Many traders lack the patience to watch their trade turn into a profit after a few hours or more. What they want is a forex strategy that turns into a profit within minutes of entering into the trade. These type of traders can’t see their trade going against them. They immediately abandon such a trade without waiting for a few hours for it to turn profitable.

For these type of traders short term momentum trading is the best forex trading strategy. The aim of this short term momentum trading strategy is to hit the profit target as early as possible. This is achieved by entering the market long or short when the momentum is on your side.

In this short term momentum forex trading strategy, we will be using the 20 day Exponential Moving Averages (EMA), the 100 day Simple Moving Average (SMA) and the Moving Average Convergence Divergence (MACD). The exponential moving average places more weight on the recent price action as compared to the simple moving average which is what we will need in this short term momentum trading strategy.

You will be using the default setting for the MACD. These setting are First EMA=12, Second EMA=26 and the Signal EMA=9. You will be trading on the 5 minutes chart.

Open the 5 minutes chart. Look for a currency pair that is trading below the two moving averages. Wait for it to start trading above both the 20 Day EMA as well as the 100 Day SMA.

Look at the MACD histogram. Enter into a long trade within 5 candles of the MACD turning positive. Place the stop loss at the low of the candle that broke above both the 20 day EMA and the 100 day SMA.

Exit half of the position when the trade turns in your favor by the amount risked. For the remaining position use a trailing stop with 20 day EMA minus 15 pips.

In case, the currency pair is trading above both the 20 day EMA and the 100 day SMA, wait for it to trade below both the moving averages by at least 15 pips. Enter into a short trade within five candles of the MACD turning negative. Place a stop loss at the high of the first candle that broke above both the 20 day EMA and the 100 day SMA. Wait for the trade to turn profitable by the amount risked. Exit half of the position and trail the remaining position with a trailing stop with 20 day EMA plus 15 pips!

——

Mr. Ahmad Hassam has done Masters from Harvard University. Get these
Forex Bully
Power Indicators FREE! Learn this powerful
Fibonacci Retracement
method FREE that pulls 500+ pips per trade!

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Binary Options Is Profitable

Online binary options trading are quite simple and thrilling. However, the most exciting and novel type of investment in binary options trading is availed by the spectacular website of AnyOption. It integrates very easy process for anyone to trade. Trading binary options in this website is simply about speculating an optimal direction in which asset is likely to move. There is neither any share to be purchased nor any currencies to be traded by elite customers.

This process is an efficient option for interested customers to invest in financial markets with a small budget and trading skills that are limited. This process is undoubtedly bound to benefit a more experienced trader. Trading on this novel platform is a matter of speculating higher or lower price on in other words user has to speculate whether the underlying asset at set time in future will either be higher or lower than its current price which is effectively known as strike price.

To trade binary fission with this innovative website, an investor should initially select underlying asset, expiry time as well as direction in which he or she speculates that an asset will move. Underlying asset will truly be responsible for the option to derive its value and it could even be an index like NASDAQ, commodity like oil, currency pair which is optimally known as Forex either a EUR or USD, or stock like an Apple.

Expiry time of binary options trading will clearly dictate when the contract will terminate. It could be termination of either nearest hour or end of day, week or even month. Investor then has to consider the direction in which he or she believes that an asset will move. If he truly feels that it is UP then he or she will accordingly purchase a CALL option. And in case he or he believes that it will be DOWN then he or she will respectively purchase a PUT option.

An option will be grandly considered as in-the-money if it expires above strike price invariably in Call option or below it in a Put option. Moreover, an option will be considered as out- of –the-money if it expires below strike price in call option or above it in Put option. When an elite customer will trade binary options with this unique website then he or she will receive payouts ranging from 65 to 71% for option expiring in-the- money and a 15% refund for those expiring out-of- the-money.

It is inevitable that when an elite customer carries out online binary options trading with this magnificent website then he or she is guaranteed to always achieve a payout. These binary option trades in this website are available every hour for their elite customers. And there are multitudes of opportunities for investors to make large profits since payout is incredibly as much as 70%. Online binary trading options in this unique website are thus a novel as well as interesting method to invest in financial markets because of its high flexibility and simplicity.

Shay Kachlo is the author of this article on Binary Options.
Find more information about Binary Options Trading here.

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Forex Trade Training Systems

Following in the wake of foreign forex trading’s explosion within the last decade has been an avalanche of on-line coaching assets, tailor-made to assist the smaller merchants who increasingly populate the market.

This leads many new entrants to ask whether or not there is nonetheless a spot for forex trading books as they seek to coach themselves in the ways of foreign exchange trading.

Nevertheless, while the variety of training courses and products available on-line, for both new and experienced traders, is dizzying, forex trading books nonetheless retain an important role in your path to turning into a foreign forex trading professional.

Such programs are good at getting the foundations laid, or providing you with much wanted sensible exposure to foreign forex trading actions; however for deepening your maintain on key ideas, or advancing into more complicated areas, forex trading books are still vital.

A distinct rhythm of studying is feasible with forex trading books, that complements the quicker and more interactive approach of on-line courses.

You are ready to take time to study the harder areas and ideas, with out being distracted by all the buzz and hustle inevitable when being online. In forex trading books, writers are better capable of try completely different approaches to the topics in hand, and also you’re more likely to find one that works for you.

And there’s a big selection of forex trading books accessible to fill your foreign exchange library. First off you will have one or two books that introduce you the fundamentals of buying and selling: both in principle and practice. It is advisable to perceive the obtuse jargon and strange terminology of the foreign exchange world before you can move on.

Then you may look into books that supply a complete exploration of the more advanced areas of trading: this is the place forex trading books can be really useful, as they’ll go into great depth and you’ll have time to soak up all that they need to offer.

Concepts we all have issues with, or areas you want to add to your repertoire, resembling Japanese Candlesticks, Elliot Wave Principle or Fibonacci ratios, can all be readily dealt with by a professionally organised book.

The basic dealer can have their methods improved by superior financial indicator analysis, or foreign money atlases that map out foreign money flows across the worldwide market space.

Ebooks are a brand new twist on the traditional format that make sense for people who have invested in the newest eBook reading technology. But whether you’re using Amazon’s Kindle, or favor the solidity of a hardbound tome, make certain that you carry the heavyweight data of forex trading books to bear on your foreign currency trading development.

Click here for your free Forex eBook

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