Bollinger Bands are used on trader’s graphs as indicators to demonstrate market volatility. The bands incorporate a moving average line and two standard deviation lines. To analyse the trade movements using the Bollinger Bands, you have to see whether they are converging or diverging. A convergence suggests a reduction in volatility and a divergence suggests that an asset has become volatile, and is therefore likely to move price. They are important factors to assess in gaining an entry. You should include them on your trading graphs to check to see if the time is right for your trade. Useful website: http://bollingerbandgenius.com/
When I first started trading, I was looking at graphs and sort of just guessing trends – are they bullish or bearish, or flat? Guesswork is no good. You have to learn when to enter a market, when to get out and learn what the candlestick graphs are actually showing. In my research today, I found out about Fibonacci and Moving Averages. Both are useful tools to implement on your trading graphs as by understanding how to use them properly you will know when to enter the market. They explain almost perfectly the underlying trends on the graphs. Below are three good vides that are well worth watching. There are more good videos in the Video section of this site which you can access using the above menu.
Well, my finances have recovered slightly and I’m back in the game. As of tomorrow, I’m investing $500 in Banc De Binary – That $500 will be doubled to $1000 with the signup bonus so I shall have a nice balance to play with. I’ve been researching the best brokers and Banc De Binary are consistently reviewed as being the best. I’ve had a good chat with one of the advisors there and he’s filled me full of confidence. To help me with signals and to help learn how to trade properly, I’ve also signed up with Binary Options Free or Intellitraders – They’re going to give me pro signals to advise me on my trades and I look forward to the 75% return rate they promise. I shall keep you informed of how the trading goes. I have decided to tweet all my results so you’ll be able to see for yourselves, how, on a daily basis, my profit / loss goes.
I had been trading blind, really. I’d been following the trends on the brokers’ websites. These graphs aren’t detailed enough to analyse properly. After scouting around a bit I found the IBFX MT4 platform which was free to install. You get much more detailed graphs of the stock, which you can extend back in time and scale to whatever time frame you like. The graphs which are most useful for traders are Japanese Candlestick charts. As illustrated above, these charts comprise of little bars, either green or red, showing up or down and according to scale they show the stocks highs and lows for each scale unit. Whatever platform you use for your charts, make sure you can draw lines etc on it, so that you can visualise the actual trends. As for analysing the graphs, perhaps the experts know far more than a mere novice such as myself. I needed to research what patterns to look for and I found this excellent Visual Training Guide from Fennelly And Co Ltd. It’s in pdf format and can be seen here http://media.wix.com/ugd/56d156_d58ad5d3f2bd4d4e84cbf60acbbd4a22.pdf As you can see, it gets quite complicated. But now I guess, by putting these techniques into practice I can be on the way to generating my own signals. I’ll be on the lookout for flag and pennant formations. And be in the money, for sure!
I woke up feeling refreshed and keen to learn more about Binary Options. I set up accounts with three other brokers. I was trying to get the new robot I’d purchased working but couldn’t link it up to my accounts. The glowing lines on the trading graphs enticed me in and I couldn’t wait to start making money. I got involved. Automatically I was chasing losses. I started betting on silly things like one minute expiries and losing cash quickly. At the touch of the button you can fry your money so easily. I discovered what doubling up did and when s trade started initially going in the wrong direction, I thought it’s OK, it will turn, I’ll just take a better price now and double up. I was going in at $100 a trade. With the new brokers I’d got between 50% and 100% signup bonuses so there was plenty of funds to play with. I looked into these bonuses and apparently you can’t withdraw until you’ve completed 20 times the bonus amount in trade volume, so it is a bit of a con… JUST WATCH OUT! I realised I knew very little and needed help. I’d been hearing a lot about signals and after a bit of surfing, found what seemed a reputable firm, promising 75% success rates. For $14, I got a 14 day trial period of texts to my phone and emails, advising me what options to take. I thought I had it sealed and started backing the signals, but only about 33% of them were proving successful. After a long and frustrating day where I was chasing losses from the start, I finally exhausted literally all my money. In two days of trading I had lost £800 (about $1200), more if you include the bonuses that had disappeared also. I felt depressed and saddened, but I was still keen on this new line of work. I know that money can be made on these markets. I just had to do my research. It was back to the drawing board. I wouldn’t be able to trade for real money for a week or two when my bank funds allowed it. I thought I’d use my time wisely and plan and research. One of the earliest ideas that came to me was to create this website. I had hoards of emails flying in and was surfing the…
Well – what next? In my trawling the web I cam across the idea of automatic trading. Out there on the market there were robots that automatically controlled your trading platform and bet using their signals on your account. They were offering amazing payouts, and you literally had to do nothing. Just sit back and relax and watch your money roll in. It sounded a bit too good to be true but this was a cake I wanted in on. I settled about the Binary Trading Robot from http://jvz8.com/c/134504/44001 It cost $47 with paypal and offered a 60 day money back guarantee if you weren’t satisfied. I had a good look and looking at the videos, it was clear that the site’s owner, Jerry Biener, had a huge profit showing in his trading account… Over a million dollars… I wanted in on the action. I started setting the product up and to do so had to sign up to a new trading platform using the site’s links. I would need to invest more money to set this thing going. I set up with Trader XP and deposited £200 which was matched by a £100 signup bonus. I am still waiting for the accounts to be linked so cannot start trading just yet with the robot. I will let you know how I progress with this. I have read mixed reviews on the net about robots with many claiming it is a scam but also there are stories of people turning good profits. I do hope it works. http://www.youtube.com/watch?v=YbFkTjKEjYs
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