So prepare yourself thoroughly if you want to have success with this type of analysis. Spend some time on education and it will surely pay off since you will always have many powerful analytical tools at your disposal. Indeed, when it comes to analytical tools, there really is a lot to examine if you want to be an expert binary options trader and create an excellent trading strategy.

One such tool is just below. X waves belong to the category of corrective waves and they always act as intervening or connective waves. This means that you will always see them between two corrections, i. they will always be a part of complex corrective waves, not simple ones.

Naturally, since they are a type of corrective waves, you can always count on them to go against the main trend. Because of their nature which is further explained by the Elliot Wave Principle , X waves are, as we have already said, intervening waves. That also means that certain parameters have to be adjusted for them. Expiration dates are a good example of that because you are not likely to have much success if you pick short-term trades.

It takes time for complex waves to develop. Striking price can also be affected by the nature of these waves. Also, generally speaking, X waves are usually less complex than the corrections preceding them, too.

However, they do come in two different forms, though — small and strong waves. Fibonacci retracement plays a key role in distinguishing them, as the strong waves end above the This allows much easier predictions when it comes to the situation on the right side of your screen, as you know approximately what to expect. Contracting triangles are also fairly common in these situations, so you will know that you have to react once a side of that triangle is broken.

However, you will have to determine their type before you can make a prediction. To summarize, X waves can be tricky to pinpoint on your chart, but once you do that, you will be on the right track. Being familiar with the Elliot Wave Principle is a must, and Fibonacci retracement is another key element, which is why these tools are better suited for more experienced traders.

Yes, there is a lot to learn here, but if you want to make it in the trading business, you have to work for it. Among the most common tools one can use when analyzing data to make a sound trading prediction are oscillators, tools that can be extremely powerful because they take a long period of time into account, meaning they can provide you with very useful information.

The ultimate oscillator is a technical indicator invented by Larry Williams. It uses the weighted average of three different time periods to reduce volatility and false transaction signals associated with many other indicators that rely on a single time period. This is a range-bound indicator, meaning the value fluctuates between 0 and Levels below 30 are deemed to be oversold, and levels above 70 are considered overbought which is very similar to the RSI.

The first thing you should consider when using your ultimate oscillator is the value your oscillator has. As already mentioned, this value can be between the 0 and level, but most of the time it stays between 30 and One of the two the price or the oscillator will always lie. In this case, the price is making two consecutive lows, but at the same time, the oscillator will be having the second move above the 20 level — that means this divergence is bullish, as it takes a trend line and connects the two lows.

The rising trend will be eventually shown, due to the connection of the two lows. So, the ultimate oscillator uses three different time frames, which makes it more reliable, especially in long-term trading. But oscillators come in a variety of shapes and sizes and can help you track just about anything.

The following oscillator is a particularly versatile one and should always be considered by an expert trader. You may have already read on our website that Bill Williams was a very successful trader because he was one of the first people to apply the market psychology principles.

This allowed him to come up with several very interesting and helpful trading tools that are used even today. One of those tools is the so-called Awesome Oscillator.

Just like all other oscillators, this one is also plotted under your chart and is composed of bars going above or below the zero line. These bars come in two different colors — red and green — which shows you whether the value of the bar is climbing green or falling red. Obviously, if the price is going up you will want to buy Call options, otherwise Put options should be what you invest in.

However, this is just the most basic principle of using the AO — you can get several important signals from it, too. The Awesome Oscillator can provide you with three main signals you can use when entering the market. The first is related to the zero line and in this case you want a green bar above the line after a red one has appeared below it. This is when you want to target Call options. The next type of signal is called the Saucer and is composed of three bars, all of which are above zero.

The first one should be green and followed by a red one, with the third bar being green again. If the pikes formed by the bars are separated by a hollow and the second pike is dropping down closer to zero, you want to focus on Put options.

This can also happen below zero, but if the second pike is closer to zero in this case, Call options should be favoured. As you can see, Awesome Oscillator can be used in multiple ways and represents a great solution when you want to see how much momentum the market has. Of course, keep in mind that it never hurts to back the information you get here up with another trading tool.

Keep reading, there are several good candidates for that below. The so-called morning star is a bullish candlestick pattern that consists of three candles: large red candlestick, small-bodied candle and a large white candle. Generally speaking, candlestick patterns are one of the most useful patterns you can apply to your analysis of the market because once you have a few of them memorized, you can begin to work with them as a part of your active trading strategy.

Not too complicated, right? Price should attempt to dip and create a slightly lower low relative to the first candle. You will probably often see a doji in this position, which usually suggests that bearish price momentum is about to expire. The last candle should show the beginning of a new bearish momentum. Among bullish and bearish engulfings, here you should be looking for a bullish one. That way you can get more accurate prediction of trend reversals and use charts properly, which has proven to be extremely useful when trading currency pairs.

Always have in mind, though, that although the morning star is one of reversal patterns, it may not indicate a complete trend reversal, but just a simple change of direction. Once you have familiarized yourself with the rules of identifying the morning star pattern, you can apply it immediately to your current trading strategy, in combination with other indicators, of course.

A type of techniques every veteran trader should know something about is the one focused on Japanese candlesticks. And there is a very interesting pattern that can be found there, a reversal pattern that can help you out a lot on the market.

So stay tuned and learn all about it. Engulfing patterns are a type of Japanese candlestick techniques and another important element of binary options for experts. If you choose to use a paid service be sure to pick a trusted source. There are a lot of chances to get scammed on the internet, especially with binary options. Getting scammed sucks. You need to know what the motives are that drive the website. And you need to be aware of another thing too: some paid signal services offer you a free trial.

Being free, it costs 0. So the advice is: if you subscribe to a free trial for signal service, make sure you cancel the subscription once the trial period is over. Auto trading is an attractive feature of some Signal Providers and robots Auto trading is an attractive feature of some Signal Providers and robots are an extension of this.

The scary thing is that you have to download software onto your computer. The software will take control of your trading account and enter trades based on signals provided by the parent company.

This is completely nuts to me. Robots and auto-traders only increase your risk in my opinion. You have all the risk of trading plus you are letting someone else make your trading decisions.

At least not one that I know of. Learn to trade for yourself. Binary options are a speculative instrument, if you want to get involved you need to do it yourself.

Take the time to learn about trading, the markets, and the economy and you will also learn something about yourself. Ultimately you are your best signal provider but to become that, you need to learn first. Overall, Binary Options Signal service providers are not all bad.

Some are truly in the business of helping traders. Nevertheless, ThatSucks. com do not put much faith in this kind of trading. It is imperative that you learn to trade for yourself. You have to take responsibility for your own trading or you will never reach the profits that are available. No use in a signal without a broker, right? Look it up right here. Learn about Various Signal Provider Do you even know what a binary options signal provider is?

If the answer is NO, go back to school and learn more about it. If YES is your answer, get ready for the fun. Signal providers, Autotraders and Robots could help new and experienced traders, but you should never rely solely on the signals providers. Be smart and choose the right SSP for your trading needs and skills. Generally speaking, ThatSucks. Learn to trade, take advice and trust your own analysis.

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Please be noted that all information provided by ThatSucks. com are based on our experience and do not mean to offend or accuse any broker with illegal matters. The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality. All information should be revised closely by readers and to be judged privately by each person.

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A Review of Binary Options Expert Signals BOES. Binary Options Expert Signals BOES is a new signal service that provides trade signals to its subscribers to enable them profit from trading currency, index and commodity binary options. This product comes from the same company that offers Binary Options Stock Signals. Commodities, currencies and stock indices complete the basket of asset derivatives traded in the binary options market. Currency binary options are traded 24 hours of the day to reflect the round the clock nature of the forex market, while commodities and stock indices are only traded when the respective exchanges on which they are listed are open for business.

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Binary Options Expert Signals subscribers will benefit from options of sending trade signals such as the use of SMS to avoid delays in signal delivery. From all accounts, the only criticism of Binary Options Expert Signals is that the training videos on its website are quite heavy and take some time to load and play. The company therefore needs to improve on this so that subscribers will not be left hanging about how to utilize the trade signals once they are sent.

A Review of Binary Options Expert Signals BOES Binary Options Expert Signals BOES is a new signal service that provides trade signals to its subscribers to enable them profit from trading currency, index and commodity binary options.

Binary Options Expert Signals promises its subscribers the following: 1 B. Review of BOES Services 1 There have been many independent testimonials provided as to the accuracy of the trade signals.

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