Binary Options the Trend
- Adam titcher
- On 11/12/2015
Go with the trend! You may hear this or your account manager may reference it often but what does it mean? It is a method of trading binary options that is easy to follow. When determining the movement of the market, it is usually referenced as the trend or the way the direction of the market is moving, and you always want to go with that trend, even if it is downward.
Many times you will also hear others remind you that the Trend is your friend. To identify the movement of the market, or the “Trend” is to simply apply lines on the chart to be able to see the direction of the market. This method of study is simpler than you think. You do not need to be a master of mathematics or even statistics. It is just about watching for the changes.
The way to do this is to apply SUPPORT When investors and traders use the term support When investors and traders use the term support When investors and traders use the term support, or support level, they are often speaking about a p... More , or support level, they are often speaking about a p... More , or support level, they are often speaking about a p... More and RESISTANT lines.
If you see that the chart is at a certain price but it does not “break” through that rate, and it has repeatedly reached that point and did not pass that mark, then that price will be considered as a Resistant or Support point.
If the market is trying to push up and not breaking through that point, it is called a “Resistant line.” Here is an example:
On the other side, we have the support lines, that are doing the exact same thing as the resistant line but not allowing the market to break through downward.