Binary Options & Forex
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Australia released its monthly unemployment report earlier today. Data showed that the economy added 34.7k jobs on the month beating estimates of 13.2k. Previous month's data was also revised higher to show 62.6k net job gains on the month. Australia's unemployment rate however disappointed, falling to 5.5%.
The Bank of Canada will be meeting today at 15:00 GMT for the monthly monetary policy meeting. According to the economists polled, the BoC is expected to hike interest rates at today's meeting. Today's binary forex signal is USDCAD. From a technical stand point, there is a possibility that USDCAD could be bullish in the short term.
The inflation data will be an important data point for the UK data as it comes a full month after the Bank of England hiked interest rates in November. Inflation in the UK has remained stubbornly above the BoE's 3.0% target rate which is expected to see the BoE Governor Carney likely to write an explanation to the Chancellor of the Exchequer.
Before you start trading 5 minute binary strategy, you have to accept it will not give you 100% ITM signals. You have to approach trading with lower expectations and follow real action on the charts to build knowledge.
The ADX-based trading strategy is a simple intraday system, it is ideally used by day traders. Because we combine the concept of the previous day’s high and low and then take the position of the breakout from these levels using the ADX indicator, traders can rest assured they are entering into a position when the trend is starting to become strong.
The Bollinger bands and RSI strategy can be used as a simple way to enter a trade right before volatility expands. The simplicity of this trading strategy is that it can be used on time frames of H1 and H4. This makes the strategy easy to follow up, especially for day traders.
The Stochastic oscillator is a very versatile technical indicator that is easy to understand. However, traders should note that there are high risks when trading the ranging markets and simply using signals from the Stochastic oscillator is not good enough. To decide on your entry, you always need to consider the price action and upcoming events.
The ADX could be very helpful in avoiding ranging markets. It is a reliable tool when determining trend strengths. Traders can look at the values to trade binary options and forex just when the trend is starting to show signs of strength.
Many technical indicators have been developed to measure volatility. Among these, the Bollinger bands indicator stands out, as it simultaneously measures volatility and trend. When traders combine volatility and trend, the market context should be clear.
Finmax is currently offering only binary options products, but the company aims to also add forex trading and CFDs in the near future. Thus far, it offers some interesting features, such as Social trading, which allows users to copy trades from the top traders on the platform.
The IQ Option platform is easy to navigate. Traders can switch between products in just one click. It offers high payouts on binary options (up to 93%), and forex leverage is up to 500. The crypto trading list is constantly growing, so you can expect more digital currencies to be added to the platform.
The top binary options brokers are not always the ones with the best ads on YouTube. Watching nice girls on a yacht who trade binary and make profits every 60 seconds could tempt you to jump into trading right away. However, if you are a smart trader, you won’t follow your emotions but will do the right research before deposit.
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First things first, the binary options industry is not an “ideal world”. Sorry to burst your bubble, but this industry is not free of scammers and people who are just hunting your money under the guise of being your friends.
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Warnings have been issued in Cypress, United States and the UK.
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Just want to share my experience with scam binary option broker Expert Option.