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Expert:
24option
Hosted by:
24option
Registered Users: 74
- Forex
- Options
- Technical Analysis
- Trading Systems
- Algo Trading
- Beginners
One of the cornerstones of a good long-term strategy for binary options trading is to learn to invest conservatively and stay with sufficient capital to be able to repay losses that may occur.
Good Technical and Fundamental analysis strategy always takes into account the technical support and resistance for particular asset.
Support and resistance represent key junctures where the forces of supply and demand meet.
In the financial markets, prices are driven by excessive supply (down) and demand (up).
Supply is synonymous with bearish, bears and selling.
Demand is synonymous with bullish, bulls and buying.
As demand increases, prices advance and as supply increases Prices decline.
when supply and demand are equal Prices move sideways as bulls and bears slug it out for control. Traders must be aware of fundamental events, Reading the daily news, and summary reports as they are essential parts of fundamental analysis.
Using these two techniques make all the difference between investment and gambling!
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