[Sticky] Most Important Tools for Binary Options Traders
The difference between a binary options trader and a gambler is simple. The educated binary options trader does his analysis before he goes into the market. The gambler simply makes his move based on a hunch or bases his bet on luck. In trading, there is no room for luck and a trader must acquire the necessary tools in order to succeed in trading.
Many traders neglect the importance of all possibilities the modern trading platforms provide. Platforms are nowadays equipped with trading instruments, tools and features that can help traders increase their profit, but only if they know how to use them. Following the chart available in platform doesn’t provide enough information for successful trading, as traders must know how to analyze it. That’s when tools come into scene.
Some tools should be used directly on the chart, before even making a trade, during the process of analysis, while others are meant to be used during trading, in case something goes wrong, or trader simply recognizes there is the possibility to make most out of the good opportunity.
Knowing how to combine charts and technical indicators to predict price action is known as technical analysis. It is not enough to have these tools. You need to know how to use them.
Hello there, I'vused some free tools for binary options trading analysis. They are quite good. I'm using them for a long time. All tools are suitable with a big part of indicator and trend strategies.