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For a successful trade binary options chart analysis is a most essential tool for investors. Without chart analysis of trade is a gamble with binary options. Only the interpretation of the price performance makes it possible to make a forecast price, which has the ambition to be promising.Part of the trading platforms are also the appropriate tools to analyze price trends. It can also be useful to the management of historical data. Economic cycles or occurrences in the economy are repeated. The balance of past price trends due precisely these events can quite a conclusion on it to how a certain underlying instrument behavior in the current market environment.
1) Different charts facilitate interpretation
Binary Options Charts exist in various forms. Most commonly used in the analysis line graphs. The advantage is that support and resistance are the easiest to read. OptionFair currently offers the following candlestick charts to. About the additional function «Professional chart pop-up» to other tools are used, that enhance the standard tool significantly.
Trendlines offer it the best way to determine the correct time of trading on the binary options chart analysis. It is of course crucial for which of trading decide the trader. The binary options chart analysis of OptionFair is anyone, even a professional claim, justice. The OptionFair platform the way you can on the demo account without registration and payment extensively.Comparing the broad masses of trading platforms in relation to their live charts with the tools of FX and CFD provider, one must admit that these are much more precise and differentiated set and much more offer more analysis options. It has therefore in the past proved that binary options Live charts supplemented by a demo account with a Forex and CFD broker. This combination allows the best preparation for trading. Alternatively, investors and the software MetaTrader Download 4 or 5 on your own PC and use the resources available there.
Conclusion: The various brokers offer the charts in different packaging. These range from line charts to candlestick charts. Important here is that the trader knows how to deal with it. Basically, Forex and CFD providers are still better positioned in this area, which is why opening a demo account should be taken into consideration.
2.) The standardized trading platforms
Three trading platforms offered by most brokers, own developments are more in the background. In these platforms is TradoLogic, Spot Option and TechFinancials which indicates major Binary options have charts. The platforms are, however, tailored to the broker and offer depending on the provider a larger or smaller range of necessary tools. In the chart analysis, the consideration of the high and low for longer term trades recommended.
Conclusion: In addition to the MetaTrader, there are three major standardized trading platforms, the TradoLogic, the Spot Option and the TechFinancials. This offer depending on the broker a different number of additional chart tools intended to facilitate an interpretation, analysis and forecasts.
3.) These three facts, it should be noted
Real Time Charts
Most brokers in the market offer 60-second options, some even 30 second options. The shorter the interval, the fact that the charts reflect the actual courses without delay is all the more important. The same applies if there is a possibility to cancel a trade prematurely as soon as the predicted trend developed in opposite directions. Often decide seconds, if the option is still in the money or not. A similar situation exists in the One Touch or Boundary options that must remain within the set limits, so that the trader can benefit. Here are delayed Charts particularly annoying. Unfortunately delays are visible only with the completion of trades. Remedy can create charts from other providers that run along parallel to the screen. In addition, it can sometimes be worth switching suppliers in the field of telecommunications services or to choose a different Internet access. This can have a significant impact on the reproduction of chart analysis and transfers of options.
Demo accounts for comparison
Many brokers offer demo accounts to both new customers to provide insight on their trading platforms and existing customers to open the possibility new strategies to try without risk. In addition, can be compared using the demo accounts the charts from multiple vendors. Even minimal delays can be identified in this way. It only has to be given the opportunity to be able to open multiple windows side by side in order to have a direct comparison.
Using the training offers the Broker
Of course it is not done with a look at a chart. The interpretation of the charts requires experience and additional skills. Here the training offers the broker can help. Various brokers offer video introductions to their platforms. Here numerous tools are presented which can be used in the chart analysis. Among other things, the ever-popular tool of the Bollinger Bands.They help forthcoming price swings early on. If the MetaTrader offered by the broker, numerous training videos can be found on YouTube — also in German. For example, the broker Furthermore offers Binary.com weekly trading seminars on its website for free. Here can be practiced in addition to an analysis of the charts and the proper handling of the economic news.
Conclusion: For a successful trading, it is important charts in real time to have to make to provide accurate analysis and be able to react within seconds. If the chosen broker does not have a corresponding chart tool, demo accounts can help other brokers. Moreover, some brokers offer training programs, which introduces the features and other tools of the charts the inexperienced trader.