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

  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