How to use trendlines in binary options?

 Trendlines are the best tool to understand trends that many of the traders know but there is a lot more than that.

Trendlines not only shows the current direction of trends but also,


  1. Helps beginners to predict the future direction.
  2. Helps traders to identify buyers and sellers areas
  3. Assists traders in judging the candlestick pattern when its forms at the buyer's or seller's area.

In binary options trading, considering using trendlines is very important for beginners to understand the trend and predict the next candlestick.

Binary options are the riskiest form of trading, but if you see it the other way, Binary options in platforms like IQ option and Olymp trade have their rewards with profits going up to 100% of your investment. 

That's why it is very important for beginners and less experienced traders to use trendlines.

You might encounter a problem where most of the time candlestick patterns don't work, and you doubt whether the patterns are manipulated? The answer to your question will be addressed once you use trendlines properly.


trading with trendlines in iq option


Common mistakes that most traders do while using trendlines.


  1. While trading with trendlines, traders completely ignore the horizontal lines which is not a wise idea. You should consider the horizontal lines if they intersect your trendlines. 
  2. Trading at the levels of the trendlines (topmost or lowest). This is another mistake. The whole purpose of drawing trendlines is to understand the direction of trends, and the best way to use them in your trade is to stick to the trend when the price is in between the trendlines. If you trade at the levels, anything could happen, i.e. the levels could break or the levels could hold depending upon the buyer's and seller's entry.
  3. Ignoring the candlestick patterns that form at the trendlines levels and relying only on one candlestick or its rejection.

Explaining the trendlines concepts and how to trade binary options with trendlines, here's a video with a live trading explanation for you. Click here.

Do not hesitate to like, share and, subscribe to my channel if you find it to be useful.

You can also see the free Binary Options price action course videos here.


More related topics: Here


Check out my official website for more details on binary trading.

😀If you are planning to open an IQ Option trading account, use this link for registration.

⛔ This is not investment advice, your capital is at risk. You should never invest the money that you cannot afford to lose ⛔

Comments

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