Binary Options Strategy: Following the Trend Strategy
This is the most popular among binary options trading strategies no-matter the expiry time frame. By following the current trend, traders are able to maximize their profit potential.
What means Following-The-Trend?
First of all, there is not just a single trend of a traded asset. At any given time, a financial asset is the subject of many different price trends. Each trend is deriving from the time horizon which a trader is using. Any different chart time frame produces a different trend. For example, the 1-minute chart may produce a very bullish trend while the 15-minutes chart to indicate a highly bearish trend.
Technical Analysis Tools to Identify the Trend
There are tens of popular technical analysis tools to identify and evaluate a market trend. The most common technical analysis tools are:
◘ Moving Averages
◘ The MACD
◘ Relative Strength Index (RSI)
◘ Parabolic SAR, and many more
Read more: Following the Trend Binary Options Trading Strategy