Binary Options 30 Minute Strategy
As you begin to grow in your binary options trading skills, you may start to seek out various strategies to complement your trading style. One of the more interesting techniques out there on the binary options market is known as the binary options 30 minute strategy. This is a fairly simple strategy both for traders who are new to the market or experienced traders who want to grow in their skill.
When you want to use this strategy, you’ll need to find a tool that you can use to identify the directions of a given trend. Monitoring the moving average of an asset can be appropriate for this. For example, in viewing a 15-minute trend chart, you can see if the candlesticks shown are higher or lower than 50- EMA and a value of 200 EMA. You’ll want to watch out for previous market movements in the marl areas where you can see where an asset has been overbought or oversold.
Depending on your comfort levels, you’ll want to take one of two different approaches to the entry point after you have identified a new direction of trending:
Option 1: This may be a better approach for traders who have less knowledge and experience in the market, preferring to follow rules until they understand the reasons behind the approach being taken. In this approach. If you see candles with a smaller high and the other levels are approaching limits of being overbought, you’d allow the current 15-minute candles to finish up and watch for a five-minute opposite trend candle to form.
Option 2: With more experienced investors, you can use a one-minute view instead of a 5-minute view to look for your entry place into the market.
It should be noted that the binary options 30 minute strategy isn’t appropriate for every asset or for every set-up within the market, but the same is true of any strategy that you may use. This strategy may not even be able to be applied in every trade period, but instead, can be used to take advantage of very specific market conditions.
However, one of the helpful aspects of this trading strategy is that it can help newer traders to the market to both identify trends and to double-check the trends that they believe are occurring naturally. With fairly easy guidelines to consider and the ability to see how and why trends are occurring within an asset, this strategy can be a valuable asset within your arsenal of trading techniques.