Binary options strategies – which are the best?

Investing in binary options is nothing but choosing suitable strategies, forecasting growth or drop of price of an asset and specifying the time period. Time shows that there are more and more people who try to earn extra cash in this way. Sadly most of them do not have enough time to prepare their plan of actions on their own. With this in mind, financial analysts have created a few reliable strategies which can be used by anyone and which assure considerable profits.

There are various groups of binary options strategies. Here are the most important ones:

1. “Price Action” strategy – “Naked Trading” – naked trade

It is one of the most effective and at the same time easiest binary options strategies. All you have to do is observe a single index – value of a specific asset. You just need to apply a candlestick chart to acquire knowledge of the history of basic tool price. In order to use this method, you need to follow your intuition.

2. Follow move strategy – game with a trend

A game with trend strategy, that is a strategy of following a move assumes that keeping the previous move pays off more than the change or going backwards. This method is concerned with making any transactions in accordance with  long-term tendencies. The use of the trend facilitates specification of a direction a current market is going into (growing or declining).

3. Game against trend strategy

An option against trend strategy is the opposite of the aforementioned strategy and states that reversal of the trend will bring higher profits than continuation. Sadly this method requires much commitment because it is essential that you spot specific moments in the chart (they may suggest a change of direction of the price or bouncing back).

4. „Hedging” strategy

„Hedging” strategy, also referred to as security strategy, focuses on significant reduction of the risk of fluctuating asset exchange rate. A trader purchases two options: CALL and PUT during one order, thanks to which it is secured against considerable loss. If it has an opposite option “as a reserve”, an ineffective investment risk is balanced.

Particular binary options strategies – how to use them?

Please see two most popular and effective strategies used by both beginners and our specialists in the field of binary option trading.

“RSI HIGH-LOW” STRATEGY:

It is one of the easiest yet highly effective methods. As the name suggests, a popular RSI index (Relative Strength Index) is used during this strategy. Its task is to warn about how high intervals are and what relative strength is. The most frequent choice is the value of 14 index periods.

If the value of RSI index is higher than a threshold and then returns in no time, you should buy CALL option immediately. If the value of RSI index drops and is below the specific level, and then returns in no time, you should buy PUT option.

“60 seconds” STRATEGY that is a strategy of 60 seconds:

60 seconds strategy is one of the most advanced methods of earning on binary options because it requires a comprehensive knowledge of the current market and fast reactions. Professionals who use this strategy are able to achieve high profits in a minute. If you decide on this method, you just need to use one index but it is essential that you have a wide knowledge of the economy and finances.

Binary options – how to check a strategy?

At present, on the Internet there are more and more binary options platforms (brokers). As a beginner, you may have difficulties in choosing your broker. This is why you should have a closer look at our binary option broker ranking, the biggest and most reliable broker platforms online, which provide beginners with free DEMO account. On a test profile you receive virtual cash which you can use to learn to invest and test strategies. The purpose of such accounts is to help you learn the trade and invest in binary options. If you use our broker ranking, you can find crucial information on platforms and use a free account which can help you choose a suitable strategy adapted to your preferences. Open a DEMO account to test the most popular methods and strategies and then use them on your real account with real cash.

 

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