Today, the process of investing money has become very important for any monetary growth. Simply investing a certain sum will never work out. You need to be acquainted with certain strategies which no investor will want you to know. In this way, you will have an upper hand. It is the only way you can make an end profit. Some people have a particular natural aptitude for this sort of strategy planning in investment. However, once you get to know the techniques properly, even without natural aptitude you will be able to use it to your benefit. Practice will help you to hone your skills as well.
Reading OHLC chart
The full name is open high low close chart, where the close indicates the assets ultimately reach. It is indicated by a bar going to the right. The open indicates where the assets initially started from and is given by a bar going to the left. The high point is at the top of the bar where the assets will reach over the period. The lowest point at the bottom of the bar, which shows the maximum fall in the price of assets over the same period. Reading an OHLC chart will help you to utilize the best binary options strategy properly.
Three Consecutive Bar Trend
The very first binary option strategy that you will deal with is the three consecutive bar trend. Here you need to locate three bars which follow the same trend. If three bars are going up, you use call for it. If three bars are going down, you use the word put it. As it is very important in life to know what will work for you and what won’t, similarly in investment of money you should also know which pattern or trend is the best for you. It will give you the maximum results.
The ABC trading
The next possible way to succeed with a binary options strategy is the ABC trading. The basic aim of this strategy is to monitor market tendencies and profit. For example, you wish to locate an ABC call. You need to look for a line which moves upwards and then downwards for a very short amount of time. It is important because, the next time this line will move upwards, it will keep going in the same direction for a significant amount of time, thereby helping you to locate where you should call for the asset.
Failures in trends
While you know how to locate a call or a put, which you should do in the opposite mechanism, you also have to know how to locate failures in order to avoid being misguided. The best way to know this is by trying to look for specific patterns in the C point. If the C point is seen to go lower or higher for a call or put than the previous C pattern, it is a clear sign of failure for that particular bar or line. You need to move on to locate the next one with your next binary options strategy.