Price Action Trading For Binary Options in IQ Option or Olymp Trade or Binomo - #binarypriceaction

  As Covid-19 Pandemic continues in our lives, the time has come to reconsider if a passive income is required. Many accepted that passive income is no more an optional part of life, it becomes mandatory to make extra money. Doing what you are an expert at: Under these circumstances, most of us might be looking to make extra money for a living from things that we are experts at. But eventually, any passive income strategy which requires huge investment may not work for many. Also, if you are already working from 9-5 or 8-6 then you are done for the day. After your work, there is not much time for you to spend productive time working to grow your passive income. That's why an idea which requires more time to make money or energy, it is surely not possible for a working person to do after daily's working hours. So, this leads to the question of how much time daily you have to make your passive income? Ecommerce Website, selling things " earn while you sleep?"- True, but

  Understanding Support and Resistance is one of the most important concepts of price action. Support and Resistance are the areas that actually turn or hold the market in any of the directions such as UP or DOWN. In short, Support is the area where buyers buy the asset, forex, stock, or commodity, and Resistance in the area, where sellers sell the same assets. A common mistake that most of the new traders do is they think and see support and resistance as points or lines. That's not at all true. Forget that concept. SNR is NOT a point or line but an  AREAS. Having said that, we should understand that buyers and sellers are present in all parts of the chart, that's the reason why the price keeps moving down or up every moment. Generally speaking, these are all support and resistance points. However, these are not areas that have the volume of strong buyers or strong sellers. We can find the clear Buyers and Sellers are in the chart where price exactly reverses in up direction

 Answer:  As far as my research on this topic, any outcome that you predict on pure chance, gut feel, and luck without any previous knowledge or understanding of the process is considered gambling. This also includes ignoring the risk and danger involved in the prediction. For now, let's leave online trading, let's just see an example of practical life. If a person invests in a business without knowing the risk to reward ratio, market needs, previous experience, then the person is gambling is what you should know. All that glitters is not gold similarly if a business works for many does not mean it will also work for a person who doesn't know A or B about that business. Let's come back to online forex trading. You need to understand the risk involved in it. like any business has profit, loss, risk, and reward involved in it, Forex, stock, or any online trading also involves profit, loss, risk, and reward it. This way if you see there are 4 types of traders in the field