This is the first in a two-part series. Be sure to read part 2 – Practical Statistics for Algo Traders: The Law of Large Numbers How do you feel when you see the word “statistics”? Maybe you feel that it’s something you should be really good at but aren’t. Binomo is a trading and investment platform in the form of financial investing via “Options”. That is, traders will predict whether the value will increase or decrease to gain profit in a certain period of time. If you make the right choice, you will receive immediate interest. And if it is wrong, you will lose your bets. Binary Option is simpler and far less complex compared to other forms of trading. It is easy to understand as well as beginner-friendly. But, does that mean it is easy to score profits when trading binary options?. Let’s take a look at statistics and probability. The Relative Strength Index indicator, also known as the RSI indicator, is a technical indicator that is commonly used to analyze the market. Because of how easy it is to use, it’s also one of the most popular indicators on the Binomo platform.. In this short article, I’ll explain all there is to know about the RSI indicator. The Ultimate Guide to High Probability Forex Reversal Patterns. Cody Walls. Last Updated on September 21, 2020. Share 0. Tweet 0. Pin 0. Veteran traders who have been active in the forex market for a significant amount of time must be aware of the fact that the forex market tends to repeat certain patterns every once in a while. These patterns can be taken advantage of by the forex traders ... This is also one of the best forex trading strategies for beginners, the Trend Trading strategy requires the user to follow the market trends so they can make better trading decisions. The trader looks for the movement of the currency price to see which trend it is following. The entry point is determined after confirming the direction of the trend. Various tools are used to determine the ... Chart patterns form a key part of day trading. Candlestick and other charts produce frequent signals that cut through price action “noise”. The best patterns will be those that can form the backbone of a profitable day trading strategy, whether trading stocks, cryptocurrency of forex pairs. Again, the probability becomes lower the more same-colored candles appear consecutively. That said, you should always have a limit on losing, such as if you lose 3 times, you should stop trading for the day. Tips for trading using the rule of 3 candles on Binomo Binomo is a Forex Broker offering Forex Trading services via Mobile and Web trading platforms. Regarding orders execution model, Binomo is a b-book broker (market maker). Binomo offers trading of currencies, indices, shares and commodities - binary options only. The tutorial on how to trade in Binomo that I introduce today is based on the most powerful indicator in trading. It is the Support/Resistance indicator. This is considered an indicator that brings the highest probability of accuracy in transactions. Support and resistance levels are used by many veteran traders to make a profit. Let’s find out more carefully about this indicator.
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