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@  Tripack : (13 December 2017 - 09:56 AM) what about shorting usdjpy ?
@  Tripack : (13 December 2017 - 09:00 AM) woah :)
@  hatırlaa : (13 December 2017 - 08:57 AM) that was lifesaver :D http://prntscr.com/hmymth
@  Tripack : (13 December 2017 - 08:15 AM) np
@  chyldom : (13 December 2017 - 07:47 AM) Yeah thank you Tripack, I realized few seconds later :D
@  Tripack : (13 December 2017 - 07:17 AM) hi
@  benzatte : (13 December 2017 - 07:00 AM) hello !!!!
@  Tripack : (13 December 2017 - 06:01 AM) btw it is spelled lingsbord
@  Tripack : (13 December 2017 - 06:01 AM) :D
@  HAWK : (13 December 2017 - 05:41 AM) holygrail.mq4
@  chyldom : (13 December 2017 - 05:14 AM) Sorry - mistake
@  chyldom : (13 December 2017 - 05:14 AM) Linsboard
@  Abdul777 : (13 December 2017 - 04:02 AM) and to me it feels more safe obviously to do it thru bank institutions rather than worldwide, but the terms are just sooooooooo unlike in there, imho, so was wondering about real safe options worldwide
@  Abdul777 : (13 December 2017 - 04:01 AM) As the only platform here in Latvia which may be traded thru bank, is DNB bank
@  Abdul777 : (13 December 2017 - 03:59 AM) @Tri, I'm curious, where are you from? As much as I understand you're trading mostly spot right? In such case, do you trade thru some local bank platform or worldwide platform?
@  Tripack : (13 December 2017 - 03:59 AM) loool
@  Abdul777 : (13 December 2017 - 03:57 AM) Like what Obama said- think before you tweet :D
@  Tripack : (13 December 2017 - 03:57 AM) yeah, plus he can tweet anytime too :P
@  Abdul777 : (13 December 2017 - 03:51 AM) I think for couple more hours it's fine if it's like in 9/10 hours only
@  Abdul777 : (13 December 2017 - 03:51 AM) Hey chaps! In days like this, when there is D.J.Trump speech, are you trading at all? Just curious

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#1 Singh

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Posted 26 May 2015 - 09:52 PM

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I am creating this thread to help the people who have no idea about what trading is and who just saw some advertisement of become millionaire overnight and jumped into binary trading without any knowledge of financial world.This thread will provide step by step guide for those who have no experience in trading to anyone else who likes to learn more and more.

 

One can skip the steps he/she thinks have competed already and maybe learn what he/she doesnt know.

 

To Traders :  Lets help these newbies to avoid the the mistakes we have made by giving them valuable and detailed advise.When suggesting something please keep in mind that if you mention something then try to provide links or pictures for the content.If you use words like Price Action,Techinical analysis,Fundamental Analysis,Higher Highs lower lows etc etc then do explain what those words mean.Provide links where a newbie can find description and information about that content/words.Do not write a post which leads to question but finish it fully.Please do not post an Indicator here.Do not write I agree with above post or do not write just to thank someone's post but instead like the post.

 

So since I am starting this thread I will write the steps which I think are important to follow for a complete newbie who have no idea about what trading is who dosnt even know what a PIP or tick is.

 

1. Take one of these crash courses for the understanding of how Forex market works and what a currency chart is made of and what       are some standard indicators being used in forex market.Both courses are free and fun to learn.

 

 a ). Forexpeacearmy.com course which I personally read through when I started trading.  http://www.forexpeac...ion-pro-banker/

 

b ).  Babypips.com school   http://www.babypips.com/school

 

  Both courses are equally good and fun to go through so you can just take anyone of those and should be fine.After this you are somewhat ready to jump in the demo world and if you want you can find a strategy at BOE or anywhere and try testing it.

 

2. Once you are done with the course then comes where to learn more about Fundamental and Technical Analysis(If you did complete the course you will know what I am talking about and if you didnt complete the course then you wont have an idea about what I am talking about so go to the course and complete it)  and the indicators or infomration used in it.

 

 

a). Fundamental Analysis 

 
Fundamental analysis is the examination of the underlying forces that affect the well being of the economy, industry groups, and companies. As with most analysis, the goal is to derive a forecast and profit from future price movements- Wikipedia. 
 
So as you can tell from the description provided by wikipedia,fundamental analysis is about using important information and data about markets/assets/companies to predict the future movement.For example Departments of Governments around the globe realeses important data about the performance of certain markets such as House Sales of the month,Employement Rate for the month, Interest rates of central banks of counties etc etc all these will affect the strength of certain currency of whichever country the data is being released from.It dosnt stop here  but a news like WAR, Death of a president or Prime Minister, Selection of a Government,Riots etc etc will also play their part in the movements of a currency.To learn more about it you can go to this link  http://stockcharts.c...mental_analysis.
 
There are two most used websites which we look at to find fundamental news events which will affect any currency.
http://www.forexfact...om/calendar.php
http://www.forexpeac...a/Santo_Domingo I personally like this one better as it have options of historcial movements of currency pairs on any certain news events.
 
b ). Technical Analysis
 
In finance, technical analysis is a securityanalysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume- Wikipedia.
 
Technical Analysis is very vast and there are many aspects to it but in few words technical analysis is to read the past market moves and patterns to predict the future movements of the markets.It can be done with the help of certain pattern methods,movements of the price etc etc. Below are some usefull links which can help you to learn different aspects of  techincal analysis.
 
Price Action- 
Definition  http://2ndskiesforex...ding-explained/(just to know what price action is do not buy anything from that website).
 
Lance Beggs's book on price action.It costs about $200 for the whole package but guess what here it is for free.
https://www.dropbox....calper.rar?dl=0
 
http://stockcharts.c...:chart_analysis  this is a good source for over all information on chart patterns,basic candlestick patterns, trend lines and basic functionality of standard most used indicators.
 
One question I have been asked again and again on this forum is WHICH STRATEGY IS BEST OUT HERE?well there is NONE its the trader who makes a strategy work best not the vice versa.One strategy could be working very well for me and it might not work at all for you because we all look differently at markets and make our own decisions.However there is this one strategy I would like to mention here which works on any timeframe and any type of market whether its forex or binaries http://www.binaryopt...on-to-ichimoku/.
 
Edit: Singh's favorite list of brokers: http://www.binaryopt...f-safe-brokers/
Note that there is no affiliation or whatsoever towards this website or it's members.
 
Thats about it after this its all demo and you and yes learning never stops you will find something new everyday and you will keep learning but stick to something which works for you and keep developing it as you learn more and more.
 
Good Luck 
Singh

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#2 Martini1209

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Posted 27 May 2015 - 02:59 PM

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The Binary Options Dream
As it has already been mentioned, the chances are that a lot of you are here because you saw an advert that promised you can turn $100 into a large(and oddly specific?) number in just a matter of minutes. I can’t blame you if this caught your attention, it certainly caught mine, and I am not ashamed to admit that an ad involving Ferraris/Yachts/Mansions was what led me to look into binary options…

While it is true that one could in theory make a massive amount of money from a relatively small bank roll, that doesn’t mean that it will be quick and it will definitely be far from easy. If you are reading this, then you are at least on the right track.

So assuming a basic knowledge of binary options, betting whether something will go up or down in a fixed time, can it really be that hard?! This is the problem I have with the way that binary options are marketed, it’s more of a casino style approach (okay it is technically gambling..) but without much emphasis on the fact that you are in fact betting on the financial markets. If this doesn’t ring alarm bells, then have a think about it. At least in casino games you can work out your odds…the financial markets are ‘chaos’ – both the realistic and theoretical definition of – you cannot predict accurately what will happen in the next 10 seconds, minutes or hours.

So forget the idea of sitting behind your computer for a few minutes a day to make a huge income, it will not happen, and no black and white system(even if you paid $100 – reduced from $299 for a limited time only..) will ultimately help you!

The Mindset
Now that we’ve got that out of the way, let’s talk about the most important thing in financial trading - your mind. This will be your most important tool, coupled with a solid money management system, you may actually have a shot at retaining some of your initial investment!?

I’ll go through them in reverse order; money management is the second most important thing, however, the easiest to explain. You will have an initial investment, and you want to protect that. This means you should size your bets accordingly, and plan when to stop if you have a bad run(whether it’s due to your mindset or just erratic market behaviour).  A simple money management system that I can recommend is to never bet more than 5% of your bankroll, and stop after 3 OTM’s for that day. (What I want to say is session, because that could mean morning and evening trading, however, when you have lost a few trades you will decide that a 5 minute break is enough and get stuck in again to win your money back).

The first point that I made, but the most important one and ultimate point of my post, is your mind. Let me repeat that, your most important tool is your mind. Not some indicator from a guy who claims to have a supercar, yacht and mansion, yet chooses to spend his days (poorly) designing internet pop ups to get some relatively small amounts of money compared to what he makes in a few minutes…

So why is your mind so important? Because it should be helping you make the decisions that you know are right, keep you from making the wrong ones and make sure you don’t blow your money in a few hours of revenge trading. Most people getting into binary options will have a strategy and money management system, but unfortunately very few actually stick to it. This WILL result in failure, and you’ll become one of the 99% of binary options traders who would have been better off never investing. If you want to get into binary options, then be prepared to sweat and get frustrated. It is more than likely that you will lose your initial deposit, maybe even your second, but if you truly want to succeed then you must keep at it. This forum is great for some strategies and indicators, but at the end of the day in order to be a successful trader you need to have the discipline to follow these strategies and protect your own money, be willing to put the hours in and learn about it all, as opposed to throwing your money at brokers every time a green arrow or purple box appears on your screen because the indicator told you so.

Keep a journal and record stuff, from patterns to ideas to feelings. Often when you click the trade button you will get a sinking feeling of ‘should I really have done that’. This is what you want to eliminate. You should be as certain as you can be based on the information you have. Conversely, when a trade finished OTM and you evaluate it, if despite your anger, you know you would have taken that same set up(and won it more often than not) then you are on the right track. If you know you are making mistakes and writing them down, you will soon start to spot patterns and take steps to fix them. When your pulse barely changes based on your result, because you know your strategy is sound and you are sticking to it, then you will be in the <1%. I am not in this category, and I am sure many experienced trades would say the same, but it is something to aim for.

To summarise I am including a link to a great read from an unknown source, it is not me and it has also been posted on here before so I take no credit for it, but have a read and try to understand. As soon as you begin to do so, know that you are already doing better than most traders(not just binary) ever will!
http://www.forexfact...read.php?t=3156


Finally, best of luck to you all!

 


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#3 rider2025

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Posted 30 May 2015 - 06:27 AM

Thanks a lot Singh & Martini for sharing this  :)



#4 newtrojan

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Posted 04 June 2015 - 12:28 PM

Thanks for all the resources  :)



#5 LoveBinaries

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Posted 16 June 2015 - 02:01 AM

This is really helpful guys thank you.



#6 bostarman

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Posted 16 June 2015 - 07:21 AM

Hey guys, well I am new to edge but old to bodaily, just checkin in. Good to see y'all are keepin up the good work :)

#7 Arrow

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Posted 16 June 2015 - 07:24 AM

New to Binary options too.. Currently testing MarketsWorld.com practice account. Loving it so far! :)


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#8 binoptwol

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Posted 16 June 2015 - 07:41 AM

Good to see someone demoing at first. : >



#9 Arrow

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Posted 16 June 2015 - 07:52 AM

Good to see someone demoing at first. : >

Don't really want to spend anything until I feel confident with my trading skills :>


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#10 Famleman

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Posted 02 July 2015 - 12:05 PM

I'm wanting to invest in 60 second options. Who would be my best choice of broker in the u.s.a.? Thanks guys

#11 AaronVega

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Posted 12 July 2015 - 01:09 PM

I am new in trading so anyone help me out.


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#12 zindelo

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Posted 31 July 2015 - 01:28 AM

hello, needless to say 'newbie here'

 

i have never traded binary options before this is completely new for me. i planed on researching this field before investing any money. so i decided to try and verify or 'backtest' as you say any of the strategies that seamed interesting to me. now for that, i figured i need a reliable chart that shows in details (1 minute) all the market movements up to the last year or the last several years.

so i have read about tools like metatrader4 which also includes a lot of indicators, EA's and other stuff, so i said cool let's try this one. i set up a demo account, only to discover that if i go on the internet and choose a random broker to check their real time charts, they are completely different from mt4 charts. and by that i mean COMPLETELY different, not 1 pip or 3, it's even more than 10 sometimes, and if you look at the candlesticks they might be similar or they might be completely different. the broker's live chart could show for a specific minute a 10 pips up movement, while mt4 shows 5 pips down movement. this is ridiculous. this is nowhere near 'reliable' chart that can do me any good, is worthless is a joke, and si more likely to confuse me than to help me.

 

i made a printscreen to show what i mean.

so i wondered if anyone could help me understand better what is going on here. which chart is more reliable mt4's or broker's chart (in this case i chose 'optionfair' but it could as wel been any other broker).

 

my intention is this: i want acces to FULLY RELIABLE chart that is detailed (it should give me the 1 minute graph) and that has data from a long time a year or for the last several years. how can i get acces to such a chart WITHOUT DEPOSITING any money to any broker or other site. i want to backtest strategies before i deposit any money anywhere.

 

is that possible? are there other softwares or tools like mt4 that i can try it out for free and that gives me the real charts so i can do reliable backtests?

 

*the printscreen i made was for eur/usd, the difference in that moment was of 7 pips, but is can get bigger than that.

 

http://postimg.org/image/dka9lxnph/


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#13 Singh

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Posted 04 August 2015 - 11:33 AM

So been seeing many traders asking about Price action lately.Well Price Action is very important but its not as easy as some people make it sound lol. Price Action can be traded stand alone but I think its better when used as extra confirmation. 

 

Anyways in very first post I posted a link of drop box to get Lance Beggs Price Action Pdfs and it contains a small video of 40 mins as well.I think those books are more than enough to get a good grasp of PA but if someone is nbot satisfied then here you go I give you Al Brooks( Considered a good PA teacher but can be confusing)

 

https://www.dropbox....rading.rar?dl=0    in this link you will find 1 video of 1.5 hours very informative video to watch and 4 books. The book "reading price chart bar by bar" was published in 2009 and is very informative but it will confuse the hell out of you and is quite lenghty so I suggest to skip that or read it at the end in free time. Read the other three books which have same info as the first one but better explained and broken in three different books.

 

 

 

Regards

 

Singh


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"The game taught me the game. And it didn’t spare me rod while teaching."
- Jesse Livermore

 

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#14 HaroldConyers

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Posted 16 August 2015 - 02:23 PM

Hello everyone. I am new in trading so please guide me how to start.


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#15 Singh

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Posted 16 August 2015 - 02:32 PM

Hello everyone. I am new in trading so please guide me how to start.

This thread is not for these kind of questoions but here you go - http://www.binaryopt...es-start-here/

 

click on that link and go there and see where do u stand.

 

Regards

 

Singh


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"The game taught me the game. And it didn’t spare me rod while teaching."
- Jesse Livermore

 

My Youtube channel for trading videos -  https://www.youtube....user/mindpl4y3r


#16 Dante84

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Posted 18 August 2015 - 04:43 AM

Hi guys! Looking forward o get as much info about binary options as possible.



#17 Leon_Garcon

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Posted 19 August 2015 - 08:12 AM

Hi guys! Looking forward o get as much info about binary options as possible.

Hi there!

Welcome to BO edge.
Feel free to ask any questions.



#18 ds.trading70

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Posted 01 September 2015 - 02:35 AM

Anyone here believe in Auto Trading here for Binary Options? Any really good reliable and trusted Auto Traders to recommend here?


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#19 swede

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Posted 02 September 2015 - 09:17 AM

I have had several emails from new traders wanting to break into Forex Trading.     The pdf. attached gives a few tips to help get started....hope it helps :D

 

 

Attached Files


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#20 Priceactionmaster

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Posted 03 September 2015 - 04:27 AM

Hi All

 

Been trading forex for over 2 years now and looking into starting trading Binary too







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