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Fair Binary Options (FBO) is trying to be one of the best places traders can turn to for beginner level and advanced trading strategies and general education. The goal of our website is not only to protect traders, but also to educate them to become better in Forex trading, be it with CFDs or Binary options. This is why, in addition to the strategy section where traders can get to know some basic strategies in binary options trading, we created the Binary Options Academy where more than 100 articles are offered for free.
So, you are a beginner in Forex. This means you have a long way to go before you become an expert trader. There are many options that may help you increase your win chances right at the beginning, however, you will discover that it is up to you to press forward and make progress. Some brokers offer 1-on-1 trading sessions, however, those are scarce unless you opt for the advanced loyalty programs, which are usually tailored for professionals. Auto trading is not such a bad idea, however, a lot of excitement is lost and personal growth is non-existent as the robot does all the work. In order to start your career in CFDs trading or binary options the right way, take a look at resources below.
In order to become a successful trader, especially in the long term, it is crucial to know how to read the economic data coming in. If you are the type of trader who wants o utilize swings in the markets as big events happen, even with the help of the Economic calendar,you need to understand why these market moves are happening. What is the effect of monetary policy, what is GDP, how do interest rate movements affect future income? These are some basic economic issues every trader needs to master.
Along with economic theory, some basic trading questions must be answered. How to decide on the appropriate underlying asset to trade, how to trade currencies such as the EURUSD, how to decide on expiry time and how can fundamental analysis be used to score profit long term. The forex trading basics are also covered in the set of articles below.
Trading is an art, as it is science. With CFDs and binary options, trading is technically very easy since traders can avoid many unnecessary nuisances. All that the trader needs is accomplishable in several short and easy steps. However, that is not the whole story. Even with user-friendly solutions that enable an easy process of placing a trade, the trader is at the mercy of same market forces as is any big investment bank professional. In order to become successful, one needs to use professional tools and deep insights to conquer the market.
Traders need strategies to become successful. Fair Binary Options is cooperating with some of the most experienced traders in forex and binary to offer the articles that improve traders’ success chances.
While recognizing patterns will be the first step, forex strategies require multidimensional thinking that connects all the knowledge and experience on the market. However, our experts have made our strategy lessons very simple and we are sure many traders will find no problem implementing them daily.
Easier way to do market analysis can be to use market indicators and various trading tools that produce them. Indicators are usually indexes that take in account some important aspects of trading data and based on them try to predict the current level demand for an asset.
Trend indicators and RSI (relative strength index) are just some to name. RSI is probably the most popular index signaling if the market is overbought or oversold depending on its value relative to a reference value. These indicators in usually function as a rule of thumb and can be very helpful, however, do not always provide the full picture necessary to make an informed decision, so be careful and combine them with other techniques.
There is no way to become successful forex trader without mastering technical analysis. This important methodology is not to be avoided in trading. It uses past prices data and chart patterns to detect possible paths of the price in the future. Its a forecasting technique not only used in binary options and forex, but all over the finance industry. Its a way to actively manage one’s portfolio.
It was used since 17 century in the crudest form. In 18th century candlesticks were invented. In the beginning of the 20th century first books appeared, and in 1948 “Technical Analysis of Stock Trends” was published. The work of Robert D. Edwards and John Magee is considered seminal in the field. Today, technical analysis is applied in modern techniques like auto trading and neural networks predictions. To become a master “technician” see articles below!
After the excellent start we had with our strategy section, we embarked on creating the academy that fits in into several sections that aim to help traders, including the news section, guides, and aforementioned strategy section. We are proud to present a new Forex Academy series that will teach you to become a successful trader. This Binary Options 101 series will help you trading with success and become successful.
The articles are written by experienced forex trading professionals who have more than ten years of trading experience. The Forex Trading Academy series will not only consist of CFDs and binary options strategy articles but also include binary trading videos to assure you each topic is being explained carefully to your satisfaction.
The series started in January 2014 and new content is added regularly. The FBO Academy currently includes many topics. These include general articles that explain basics for beginners, trading indicators, economy basics and a long list of various patterns in technical analysis. Obviously, it may take some time to master all of these, however, with this great resource, it will take significantly less. With the Academy, we are sharing advanced level tips and tricks that can be utilized to achieve amazing win rates only the best binary options and forex traders can get. So make sure to utilize this free resource and improve your own results.
Most of the current articles also include a video from our YouTube library. We think videos are a great way to see technical analysis in action. Traders will certainly have much better times spotting the pattern dynamics when they see them in this format with the calming voice guarding them trough the trading process.
We have divided all the articles into four groups so the FBO Forex Trading Academy is easier to navigate for our visitors, depending on what exactly are they searching for. The four groups are Basics for beginners, Basic economics and trading, Trading Indicators and tools and Forex Trading Academy – Technical analysis. we hope this will help traders improve their track-record and gain more from online trading with any kind of instrument.