500 Option Review

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Plus500 Forex Broker Review

Last Updated: October, 2020.

Plus500 is an CFD Service. Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14). Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727, issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. Derivatives issuer licence in New Zealand, FSP #. 486026 authorises us to issue these products to New Zealand residents. Plus500AU Pty Ltd, is also an authorized Financial Services Provider in South Africa, FSP 47546. You do not own or have any rights to the underlying assets. Please consider the Disclosure documents available on Plus500’s websites.

Please note that Plus500 does not accept U.S. clients. Therefore, if you are located in the United States, we suggest choosing another top rated broker.

* 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
* Plus500 is a CFDs service.
* This service is not available in all regions.

Account Types

Plus500 offers two account options, consisting of a demo account, which has no time limit and can be opened free of charge, and a live account that requires a minimum deposit of £100. Leverage for forex accounts is a maximum of 1:30.

Trading foreign exchange on margin poses a high risk level and it may not be fitting for all types of investors. The elevated degree of leverage can cause positive and negative outcomes.

Trading Software

Plus500 offers a comprehensive and easy to use proprietary trading platform and technical analysis software for their clients. The trading platform allows the trader to trade in multiple markets from the same screen and provides real time quotes for all of its products.

You can trade CFDs on Forex, commodities, cryptocurrencies, stocks, indexes, ETFs.

Besides its ease of use, the main advantage of the Plus500 trading platform consists in an all inclusive trading screen with clearly labeled tabs on top for details on past trades and current positions, as well as multiple market trading capabilities. Charting software is included with the trading platform, but charts appear individually, since the charting software does not allow for multiple graphs on the same screen.

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The Plus500 trading platform comes in four different versions: a downloadable version, which can be copied to your laptop or desktop, a web-based version, which allows the trader to access the platform from any other computer, App versions for iOs, Windows and Android smartphones and also Apple Watch platform.

Scalping is not allowed according to their terms and conditions.

Deposits and Withdrawals

Funding an account at Plus500 can be accomplished through a Visa or MasterCard credit card, MoneyBookers or through a wire transfer. The fastest way to begin trading is by depositing through a Visa or MasterCard. To complete a deposit, the customer need to click on “Funds Management” -> Deposits” and follow the instruction accordingly.

Funding an account through Moneybookers is just as easy. The customer must navigate to the “Funds Management” window in the trading platform, select the Moneybookers option, and enter the Moneybookers e-mail address. A new pop up window will open where the Moneybookers transfer can be confirmed.

Deposits made to Plus500 through a wire transfer are generally straightforward but take up to ***five days** to show up in the account. For a wire transfer deposit, go to the “Funds Management” window, click on “Deposit” and choose “Wire”, then click on the “Send me Wire Details” option. Plus500 will then email the customer with the wiring details.

The Plus500 email will give the customer the details for wiring funds to their bank and also state the minimum and maximum deposit amounts allowed through a wire transfer. The minimum deposit is £100.

Due to regulation requirements, each customer is required to provide a photo ID (passport, driver’s license or other official document), before being allowed to make a withdrawal.

This information can be sent via *the Plus500 Contact Us form or by uploading a pdf, tif, jpeg or doc type file with the upload function provided on the Plus500 trading platform. Clients should allow up to 24 hours for the files to be reviewed. If the identification document cannot be scanned, the client can photograph the ID with a digital camera or a mobile phone.

Risk disclaimer: CFDs are leveraged products and can result in the loss of your capital.

Warning: 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Customer Support

Plus500 offers email in multiple languages 24/7 as well as online chat in English and additional supported languages. If the chat isn’t active at a specific moment, then they can still be contacted via the Contact Us from. Nevertheless, they do not offer telephone support, which can be a disadvantage if the customer loses internet service or their computer crashes while trading. Please have a look at the comments below and you’ll see that they have an active customer support holding their promise to help their clients with every issue.

Safety

Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14). Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727, issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. Derivatives issuer licence in New Zealand, FSP #. 486026 authorises us to issue these products to New Zealand residents. Plus500AU Pty Ltd, is also an authorized Financial Services Provider in South Africa, FSP 47546. You do not own or have any rights to the underlying assets. Please consider the Disclosure documents available on Plus500’s websites.

Plus500 Conclusion

Plus500 makes a good choice for non-U.S. traders with an easy to use trading platform which offers multi asset trading capability. New traders can take advantage of the unlimited time to use the demo account, while seasoned traders can take advantage of tight dealing spreads. Also, the Plus500 trading platform offers traders the possibility of integrating their trades in other financial markets, all on one screen.

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

Plus500 Review

Plus500 is not actually a binary options broker site, but trading is conducted by using CFD’s (Contract For Difference). However, this is basically very similar to the binary options trading. In both, the most popular assets are currencies and in both the traders have the opportunity to get huge profits in a very short period of time. Plus500 is definitely one of the world’s top names in CFD- trading. It has hundreds of thousands of customers all over the world.In this review, I will reveal secrets it behind it success and tell you why binary options investors should also trade with Plus500.

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How to Make Money with Binary Option Robot

Top Binary Option Robots in Russia

Claim your free binary option robot, get started with three easy steps:

  • Name of Robot
  • Min. Investment
  • Min. Deposit
  • Rating
  • 1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.

    2. The Binary Option Robot Will Predict the Price Movement

    Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.

    3. Decide on how much you want to Invest

    Then you need to decide how much you want to invest in the commodity and when that investment will expire.

    4. Collect your Earnings

    Finally, you collect your earnings (the good part!)

    TABLE OF CONTENT

    Warning!! : Plus500 is not a trustworthy broker anymore, instead we recommend that you look through the most trustworthy binary options brokers here

    In this article, I go through the following facts:

    • Plus 500 Bonus (Deposit bonus, 25€ no deposit welcome bonus and other benefits for new traders)
    • Plus 500 Review 2020
    • Plu500 Trading (Best trading tips, platform features)
    • Plus500 Youtube Introduction Video
    • Plus500 App ( How to get most out of this great mobile app)
    • Plus500 Demo Account (How to use get most out of demo account before starting real trading
    • Plus500 Scam or Legit? (My full scam investigation report)
    • Plus500 Stock, Investor Relations And Other News About The Company
    • Conclusion And Overall Rating

    Plus500 has over 2000 different trading assets on their selection.

    Plus500 Bonus

    Our exclusive offer, open a free account by clicking the button below and you get all the following benefits:

    • 25€ Welcome Bonus ( Does no require a deposit. You get this bonus straight to your trading account and you can start trading with real money immediately without depositing any funds)
    • 30€ – 7000€ First Deposit Bonus ( If you choose to deposit additional funds, you also get excellent first deposit bonus)
    • Free Demo Account ( Practice for free and hone your skills before you start real trading or try new strategies with demo account before you try with real money)

    Redeem your welcome bonus and other benefits by clicking the button below

    Plus500 Review 2020

    Important Facts In a Nutshell

    • Products: Contract For Difference (CFD) Online Trading
    • Founded: 2008
    • Platform: Own
    • Trades as: London Stock Exchange: PLUS500
    • Number of Tradable Instruments: Up To 2000 CFD Instruments (Stocks, Commodities, Forex Pairs etc..)
    • Regulated by: CySEC, FCA, ASIC.
    • Bonuses: 25€/20£ Welcome Bonus, 30€-7000€ Deposit Bonus
    • Customer Support: [email protected]
    • Minimum Deposit: $ 100
    • Languages: English , German, French, Chinese , German , Spanish And Over 20 Other
    • Leverage: up to 1:294
    • Spread: 2 pips
    • Deposit & Withdrawal Methods:Paypal, Credit Cards, Skrill, Wire Tranfers…
    • Free Demo Account: Yes
    • Restricted Nationalities: USA
    • Parent Company: Playtech
    • Headquarters: London, United Kingdom
    • Founders: Alon Gonen, Gal Haber, Elad Ben-Izhak, Omer Elazari, Shlomi Waizman, Shimon Sofer.
    • Other Facts: An official sponsor of the Club Atlético de Madrid soccer team, Plus500CY Ltd will hold customer funds on a segregated accounts.

    We have received many requests to make a review about this broker site. I have not done it in the past because Plus500 uses contracts for difference principle on their trades ( and we are focused on binary options), which means that trading is a lot more complicated and therefore does not fit so well for beginners.

    If you are a beginning investor I recommend you to start investing with broker site with an extensive selection of teaching material, such sites are, for example: IQ Option, Banc de Binary or Porter Finance.

    I go through also a bit more complex features in this review. I will try to explain all the things with the assumption that the reader has no prior knowledge of investing. However, in order to get the best out of this review, I recommend you to read first our following articles:

    • Binary Option Robot Review ( The best free auto trading software, great for beginners. Read this scam investigation and find out how to stay away from trading scam. I will also reveal which trading software is my personal favorite)
    • Copyop (New way to earn money, copy the best traders. Best free tips, published for the first time)
    • IQ Option ( The best binary options broker, a lot of free material for beginners. In this article, pro traders tell you their best trading tips)
    • Banc de Binary (Another great broker site, excellent bonuses)
    • Binary Hedge Fund ( Free and profitable investing with this automated trading software)
    • Best Binary Option Robot (Comprehensive in-depth look at option robot and hedge fund)
    • Porter Finance ( Read this article and get up to ten risk-free trades for free!)
    • CTOption (Excellent US friendly broker site)
    • Best Binary Options Signals ( Make more money by using free signal services)

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    Plus500 Trading

    If you are an experienced investor, Plus500 offers you many opportunities what you will not find from anywhere else. Selection of more than 2,000 tradable assets means that you will find easily the desired investment instruments. You have the opportunity to build a real international portfolio using the following assets:

    • Stocks. They have share CFD’s from over 20 countries including USA, Germany, UK, France and many more.You will also receive dividends as if you held the stock share itself. Stocks are conveniently categorized by country, so if you want focus on some specific region, it is very easy to do so. You can use the leverage (up to 1:294) which enables you to use small capital to get enormous profits. The selection includes shares of large companies such as Volkswagen and Micron, as well as rarer companies from small markets such as Cargotec, and Fortum.
    • Forex. You can trade currencies with low spread and no commission. Totally more than 50 currency pairs to trade with. Trader also have many advanced trading tools at their use, which can be used to trade in the same way as experienced professionals. Up to 1:200 leverage can be used in currency trading. This allows you to trade with as little as 300€ to get the effect of 60 000€ trading capital.

    There is more than 50 currency pairs to trade with

    • Commodities. Trade with as little as 100€ starting capital. All the most exciting commodities to trade with are included in the selection, such as natural gas, platinum, palladium, gold and oil. Trader can use up to 1:150 leverage, and it is very easy to set pre-defined profit and loss limits to help you to control risk.
    • ETF’s. There is all the most common Exchange-Traded Funds in the selections, such as FXE, GDX and RSX. It is possible to use up to 1:100 leverage.
    • Indices. Trade the biggest and most popular indices such as NASDAQ 100, CAC 40, NIKKEI 225, FTSE 100,S&P 500 and DAX 30 with real-time index rates. You can use up to 1:294 leverage to get maximum profits with small starting capital.
    • Options. Although these are trades with contract of difference principle, they are very similar to binary options trading. You have possibility to use call/push options depending on your own view. There is no commissions and the spread is quite decent.

    Trading Platforms

    The trading platform have been translated into over 20 different languages. All the versions can be used with the most common operating systems (Windows, Linux, Mac). Trading platform also works flawlessly with older computers.

    Risk Management Tools

    Plus500 offers several free tools for risk management. Every investor should become familiar with these and use them for at least with all the high risk investments. These technical tools will help you greatly to limit your losses in cases of bad luck.

    • Account leverage. You can control your account leverage by depositing or withdrawing your funds. Leverage allows you to have significantly lower amount of funds on your investment account. Beginner should use it for this purpose only (not to invests in higher amounts that he normally would without leverage).

    Leverage allows you to keep smaller amount of funds on your investment account

    • Stop-loss. Investor can add stop-loss before making investment or add it to an open position. However, the stop-loss is no guarantee that this investment will not go under exact price level. If there is sudden market movement, it is possible that investment will be closed at worse level than you pre-defined stop-loss limit. This is called “slippage”

    Stop-loss is a free feature which allows you to set pre-defined loss-limits

    • Guaranteed stop is a special feature which allows you to set absolute limit on possible loss. There is no possibility of “slippage”. This feature is available only on specific instruments. Guaranteed stop can not be added on open position and you can not remove it once it is active, but you can still change the stop price if you want.

    Put absolute limit on your possible losses with guaranteed stop

    • Price alerts. This feature is different from the stop-loss in such a way that when the limit is met your position is not closed, but you can only get a notification when pre-defined price level is reached. For example, you can decide to make specific investments if the price falls low enough, when this happens you will receive e-mail or SMS notification.

    Set your own free price alerts

    • Trailing stop. Limit the downside risk and protect your profits with trailing stop. Investor can set trailing stop when a trade is on profit, if the market turns suddenly the position is closed. In this way, you don’t have to monitor your investments manually as much.

    The Trailing stop is a great way to “lock” your winnings.

    IQ Option Review | Is IQ Option a Scam?

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    IQ Option – trading platform

    Binary options are prohibited in EEA

    The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

    In this review, I go through the following facts:

    IQ Option

    YouTube Video: An introduction video for new traders.

    IQ Option

    IQ Option

    Testimonials and Success Stories: Real users share their experiences.

    IQ Option

    Trading: How and what to trade with IQ Option.

    IQ Option

    App: How to use and get the most out of the app.

  • IQ Option Is It a Scam?: My full fraud investigation report and results.
  • IQ Option Auto Trader: Can you use the binary option robot auto trader with this broker site.
  • IQ Option US traders: This broker site does not currently accept US traders. I will tell you why and what your options are if you reside in the United States.
  • Conclusion: Including the overall rating

How to trade on IQ Option

Highlights

  • $10 Minimum deposit: This is the minimum deposit to start binary options trading. You do not have to make a big investment.
  • $1 Minimum trades: Again, you do not have to be a millionaire to be able to gain money by trading stocks or currencies; you can start with small amounts and climb up the ladder at your own pace.
  • Web-based interactive education system
  • Over 500 assets to trade
  • Totally FREE demo account: If you want to start even more carefully, you can first trade with a demo account.

Binary options are prohibited in EEA

Claim these outstanding offers and start trading with IQ Option by filling in the form below.

Review

Important Information in a Nutshell

  • Regulation: CySEC
  • Legal Entities:IQ Option consists of two legal entities: IQ Option Europe Ltd. is registered at Cyprus and is regulated by CySEC, and IQ Option Ltd. which is registered at Seychelles, this entity is not regulated.
  • Minimum deposit: $10
  • Minimum exercise price: $1
  • Maximum option price: $5,000
  • Yield: Upto 92% in case of correct prediction
  • Deposit/withdrawal methods: Credit Card, Wire Transfer, Skrill, Neteller, Boleto, Qiwi, WebMoney, iDeal, Fasapay, Sofort
  • Assets: Currency pairs, stocks, indices and commodities
  • Number of assets: 500+
  • Countries: We accept all countries except USA, Canada, Australia, Belgium, Israel, Palestine, Japan, Russia, Turkey, Syria, Sudan, North Korea and Iran. Users from following countries can not trade from the iOS mobile application: Malta; Android application unavailable for: Malta, Myanmar, Liechtenstein, Cuba.
  • Demo account: Yes, free of charge, no time limit
  • Mobile application: Android, iOS
  • Trading platform: Web-browser and standalone app
  • Support: 24/7
  • Support languages: English, Russian, Turkish, German, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic, Hindi
  • Founded: 2020
  • Withdrawal: 1 working day

IQ Option – how to use

There are currently hundreds of binary options brokers, with new ones appearing on the market almost daily. This is great for customers. As companies try to compete against each other, there is an almost endless number of choices with special features.

One thing that many brokers have been overlooking is existing customers; the goal has only been to get new customers, which has led many customers, after making their first deposit, to go to other broker sites or to stop investing in binary options completely.

But this is where IQ Option is completely different to its competitors. A perfect example of this is a $10 minimum deposit and a $1 minimum investment, which shows that they are openly welcoming those investors who want to start cautiously or who cannot afford to invest larger amounts of money.

Trading

IQ Option currently has 77 different trading assets available. These include:

  • Stocks. Shares of over 50 major companies . such as Gazprom , Daimler , Barclays , Apple and Rosneft .
  • Indices. Most traded indices including FTSE 100 , DAX , Nikkei-225 , CAC 40 , Dow Jones and S&P 500 .
  • Commodities . Gold and silver .
  • Currency pairs .
  • All the most commonly traded currency pairs including EUR/USD, GBP/USD, AUD/CAD, EUR/JPY, USD/CHF and many others.
  • Bitcoin: This option is only available on a few binary options broker sites.

New IQ Option platform v4.0

Account Types

There are three different types of accounts available to you, including two account types that are for real money trading:

Demo account:

  • Practice trading for free
  • Does not use real money

Real account:

  • All 500+ trading assets available
  • Start with as little as a $10 minimum deposit
  • You can participate in trading competitions
  • Full access to trading opportunities
  • Fast withdrawals (within 3 days)

VIP account:

(You will get access to VIP if you deposit more than $3,000)

  • All 500+ trading assets available
  • Full access to trading opportunities
  • You can participate in trading competitions
  • Personal manager

I personally recommend starting with a VIP account from the beginning.

Banking

What Does This Mean To You?

You can choose from a wide variety of deposit options. The current deposit methods are Credit Card, Skrill, Neteller, Boleto, Qiwi, WebMoney, iDeal, Fasapay, Sofort: “or you can use the following methods: Skrill, bank wire transfer, WebMoney, QIWI, Yandex Money, PayPal, LiqPay, and Moneta”

Trading Amounts

The minimum investment of $1 per trade is the lowest in the industry. This makes it possible to start investing, with real money. As the minimum investment is so low, I recommend opening a real money account from the beginning.

The maximum investment of $5,000 per trade is sufficient even for “high-roller” investors who are willing to take big risks in order to obtain high yields. For example, by setting a number of $5,000 trades in a row, you can raise the stakes as high as you want.

Trading Platform

IQ Option uses its own trading platform, a fresh change from the SpotOption platform which is used by almost all the major broker sites, including Banc de Binary, and GOptions. Unlike some competitor sites, the possibility of inadvertently setting the wrong investment is not possible. The platform has many unique features, which are specially designed to make it simple and easy to use.

In order to test the platform with a beginner, we asked our secretary if she could master the platform. Our secretary does not have any previous experience with binary options. We gave her 15 minutes to learn, after which we came back to check the situation.

When we came back, she told us that 15 minutes was more than sufficient. She was very familiar with all the main features after a couple of minutes. She also told us that she had never been interested in investing; though, after the experiment, she decided to start actively learning about investing with IQ option. In conclusion, there is no better way to start.

The trading platform includes the following unique features:

  • Real-time asset price movements: You can follow price changes of desired trading assets through real-time charts.
  • Technical analysis panel: You will find various analysis tools on the technical analysis panel. I will tell you more about these in the trading pattern section of this article.
  • Possibility to use a variety of charts: In addition to the more commonly used tick charts, you can also use candlestick charts.
  • Trader’s choice indicator: Here you can directly see which investment alternative (“put” or “call”) is more popular, as well as the percentage of investors that have chosen each alternative.
  • Top trader’s stats and best deals: You can quickly and easily see how much the best investors made profit and how;
  • Relevant financial news: You no longer need to look through all the news from various sites, you can see it directly through the trading platform.

Option Types

The investor can have the option expire in 60 seconds, or more cautiously select an expiration time, such as 30 minutes or even 24 hours. However, they are also much risky than longer maturity options. Profits can be huge, but losses are also frequent.

IQ Option – The fastest trading tool

Binary Options Tournaments

IQ option offers binary options tournaments*. I have never seen these on any other broker site, so I tried them with great interest. At the beginning, all traders get a tournament balance of $10,000 for their use during the tournament. Winners are determined by their tournament balances at the end, participants with the highest balance win the first place prize etc.

Some tournaments have a guaranteed prize fund, which means that, if participation fees do not cover the whole prize pool, the broker will pay the rest. Some tournaments also have rebuy possibilities, meaning that, if you lose your whole tournament balance, you can rebuy yourself back into the tournament, for the same entry fee and you get a tournament balance of $10,000 again. Tournaments usually last for 30 minutes. By participating in a tournament, you can profit 100 times (sometimes even more) the entry fee.

*Tournaments are subject to Terms and Conditions

Tournament trading pattern:

The average level of the participants in these tournaments is astoundingly bad. With a good trading pattern, these truly are an good way to gain money. Instructions to follow:

  • Always aim to win: The first-place finisher always gets by far the biggest prize. It is therefore not worth aiming for eighth or ninth place, even if these allow you to collect a cash prize. Even if you just have a small chance, try to get into first-place, it is usually worth the risk.
  • It is fine to spend the first few minutes observing the strategies the other participants are using: Watch whether other participants are trying to grow their tournament funds aggressively right from the start or taking a more cautious approach. You can then tailor your own trading pattern accordingly. However, make sure that the leaders do not get too far ahead of you, or it may become hard for you to catch them later on.
  • In the middle of the tournament, you should have a clear picture of what the other participants are doing and what kind of trading pattern you should use: Now, it is time to optimize your trading pattern according to your objectives. If you are the clear leader, do not let others get too close. If you are close to the leader, try to keep them close, so that you can strike before the tournament ends. Also, observe what kind of strategies the tournament leaders are using. If they are too cautious, this will be your chance to take the whole pot, strike more aggressively and try to get into the lead.
  • If the end of the tournament is getting closer, and you are not close to the top, it is time to take some big risks: You have nothing to lose, so it will be a good moment to reach the money by taking big risks. Victory may not be close, but don’t be discouraged. As long as you have money, you have a chance.
  • Analyze your trading pattern afterwards and think of ways you can win more in the future: There is always room for improvement, even if you won. Spend a few minutes analyzing your trading pattern after the tournament is over, it might be extremely beneficial next time.

Trading pattern

Investors have free access to a large number of different technical analysis tools and resources. You can even use these directly through the trading platform. You can easily see the moving trends of trading, and through the technical analysis panel it is almost effortless to make investment decisions based on completed analysis. You do not need any previous expertise to do this.

There is an almost endless quantity of free educational materials for you to use, such as free webinars, ebooks, instructional videos and tutorials. With the help of these extensive materials, you can easily develop your skills and become a much better investor. Below are three examples of tutorial videos that are available for investors.

Trading Patterns for IQ Option Broker

Before we get to the actual strategies, you need to understand the system that they work with.

Japanese Candlesticks:

These are bars in charts depicting the price movements of an asset. They represent the opening and closing of a price range. If the price moves up it will be represented by a green candle. If the price moves down, it will be represented by a red candle.

Trend Lines:

These are lines in the chart which represent price movements and show the corridor within which the price range of the asset is likely to fluctuate. The support lines on the lower side of the chart represent the level from which prices tend to bounce upwards. The resistance level refers to the trend line at the upper side of the chart and it represents the level from which prices tend to bounce downwards. The area between the two trend lines is the trending corridor.

Candlesticks, trend lines and the trending corridor are some of the most popular and effective tools in binary options signal generation.

The Main Patterns

1. The Rebound Line Trading Pattern

The aim of this trading pattern is to catch the movement of an asset at the very moment when the price cannot break through the support of the resistance levels. In this trading pattern, when the price reaches the resistance level and the candle closes before this level, the possibility of a rebound is greater than the possibility of a growth. Here, you are better off buying a “put” option.

With the same trading pattern, if the price reaches the support line and the candle closes just above this level, you are better buying a “call” option. This trading pattern is relevant whether the trend is neutral, upward or downward.

2. The Three Black Crows Trading Pattern

This trading pattern defines the downward reversal on the uptrend. Look out for an uptrend with several ascending candles in a row. Wait for the reversal of three descending candles in a row. Closing at the third candle is a signal of an uptrend turning into a downtrend.

At the same time, when there are three descending candles in a row, and the price closes at the end of the third, this will be a signal of a downtrend turning to an uptrend. These signals are what you will use to make your trades.

3. Piercing Line Candlestick Pattern

Here you study the candlesticks carefully and look out for a trend in the price movements. What you will be on the lookout for is the precise moment where you will notice a reversal of a downtrend. Find two candles on the chart one of which closes the price in the middle of the previous one. Wait for the second ascending candle. When a third ascending candle appears it will be a signal of a trend reversal.

This will happen both ways. Look out for another set of two candles and see if one closes in the middle of the one before it. You will look at the second candle while waiting for the third descending candle. .This will be the signal of another trend reversal this time on the opposite side of the chart. You can then execute the trade in line with the signal and you can expect a winning conclusion.

4. The Rainbow Trading Pattern

This trading pattern is a little more technical than the strategies above. Here, three exponential averages with different periods are used simultaneously. On the chart, you will mark the first line with a period of 6 in blue. The second line with a period of 14 will be marked in yellow while the third line with a period of 26 will be marked with red.

For strong signals of an imminent drop in an asset’s price, the following points with the moving average will be noted.

  • The blue line will be at the top
  • The yellow line will be in the middle
  • The red line will be at the bottom

The intersection of the blue line with the yellow line will be the signal to enter the market and buy a “put” option.

For strong signals of an imminent rise in an asset’s price, the following points will be noted.

  • The red line will be at the top
  • The yellow line will be in the middle
  • The blue line will be at the bottom.

The intersection of the yellow line with the blue line is a strong signal to enter the market and buy a “call” option.

5. Moving Averages Trading Pattern

This is one of the most popular strategies and it is used extensively in binary options trading where IQ Option is in play. It is used to full effect, profit wise by both experienced and rookie traders. You will use the available technical analysis tools to construct the moving averages indicator.

The period indicates the number of candlesticks selected for the calculation of the moving averages. With this trading pattern employed by IQ Option’s clients, there are four types of moving averages. The difference comes with the method of calculation. The different moving averages are: simple, exponential, weightage and smooth.

Most of IQ Option’s clients are in agreement that the simple and exponential moving averages are the simplest to calculate and use to help generate signals. They are also the most accurate of the four. In most cases, the last two are used by professionals in highly specialized strategies.

The simple and the exponential moving averages are relevant with many trading strategies including following the corridor using the rebound line and the breaking line. They are also used in advanced strategies where construction of several moving averages is simultaneously carried out.

6. The Pin Bar Trading Pattern

This is another of the more technical strategies that you can use with IQ Option. It will be used to predict a downward or upward trend with the price of an asset. What are studied here are pin bar candles with tails or spots.

If a pin bar candle has a small body and a long tail, directed upward or downward, there is an imminent shift in the price of the asset depending on the prevailing market conditions. If the tail of the pin bar points upwards, the price of the asset is predicted to move downwards. You will need to predict accordingly in that instant.

When the tail of the pin bar points downwards the price of the asset is predicted to go up. This is another signal and you will trade accordingly. A good pin bar with a tail is an indication that you should enter the market. What you need to be careful about is the direction that the tail is facing as this will be indicative of the prevailing market conditions.

Not all pin bars with tails are good. A good pin bar has to satisfy the following conditions:

  • The open and close levels are placed next to the end of one of the previous bars.
  • This must be near the top or bottom.
  • The pin bars open and close levels are placed within the left bars also known as the left eye. If all the parameters are to the right, it means that the signal is strong enough to enter the market.
7. The Breaking Line Trading Pattern

This IQ Option trading pattern aims to catch the exact moment that a candlestick breaches either the support line or the resistance line. When the candle closes above the resistance line, it is better to buy a “call” option. This is because the chances of the price of the asset rising increases dramatically.

When the candle closes below the support line, the chances of the price falling increases at a very high rate. At this point in the chart, you will buy a “put” option as it is the most favorable. This trading trading pattern is suitable for neutral, upward and downward trends.

8. Alligator Trading Pattern

This trading pattern is rather simple in its application mechanisms. Here, three smooth moving averages are monitored as they move along the chart. They will be displaying different moves and their respective time periods. What is important to note is that with this trading pattern, the moving averages must be of the smooth kind.

This implies that the simple and the exponential moving averages will not work with this trading pattern, at least not with the IQ Option system. This is because the smooth moving averages have very little impact on ripples in the market or fluctuations with very little significance.These moving average lines show the most likely price that the asset will have in the near future if the market is not under any undue influence from unexpected factors either within the asset’s market itself or in the wider global financial markets.

The smooth average lines of the candlesticks are looked at like they are alligator teeth. When the candles open upwards, it is the appropriate time for you to make a trade. This is a signal to execute a “call” option immediately.

When the candlesticks open downwards, it is a signal that the appropriate trade to execute is a “put” option.

When the indicators are twisted like a helix or intertwined in any way, it means the alligator is asleep; this is not the appropriate time to make any trades. Trading at this point may be tempting but the chances of losing your stake here is very high because the next possible move in very unpredictable.

In between the “call” and “put” trades, the indicators will twist again and you should rest your trading for a while.

9. The Bollinger Bands Trading Pattern

Here, the trading pattern is applied with the price chart carrying three lines. These lines are not equal in thickness. Rather, their width will change according to the movements in the market. When an asset’s marketplace is calm, the bands will narrow. When activity resumes, the bands will widen. The rate at which they widen will depend on the intensity of the trading.Should you notice a rapid widening of the bands, you can be sure that there has been a sudden increase in the intensity of trading for that particular asset.

The band at the center represents a smooth moving average which will be carrying something like 20 bars/candles.

Trading binary options is a profitable venture. What you need is the right broker to handle your investment and to guide you to profitability. IQ Option is one of the leading brokers in the binary options marketplace. This can be seen from the deep understanding that they have of the binary options marketplace and the movements of asset prices. As evidenced by the sophistication of the trading strategies, it is how you interpret the price movements that determines the nature of the signals that you get.

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