What are the most important things you should consider before taking CALL or PUT in Binary options?
7 most important things you should consider before taking CALL or PUT in Binary options. 1.Trend Understand what is the overall trend by analyzing major and minor trends. Example: If the price of an asset or currency is going up in the past 30 mins or 1 Hour with retracements, then the major trend is to be considered as a UP trend. The most recent direction such as the last 5 mins or 10 mins is eventually your minor trend. You need not see for 4 hours or 5 hours to consider this if you are going to take the trade with a few mins expiry such as 1,2,3,4,5 mins. In case you are going to take trade for the whole day, then maybe you require to take analyze at least a week's chart before placing your trade. Detailed video for you on how to observe trends in Binary options trading. 2. Support and Resistance💪 Support and resistance are misunderstood mostly as horizontal lines but it is not exactly horizontal lines. It is horizontal plus the trend lines that you draw on the chart. support