The Binary Option industry has exploded over the past couple of years. If you conduct a search on Google, you’ll come across hundreds of websites, blogs, videos on the topic. Plenty of automated softwares, signal services that let you know by emails & sms whenever a trade setup forms, softwares that let you copy the exact trades of the professional live etc etc…There are plenty of junk products also or maybe the majority, liers out there to steal money away by selling their ‘million dollar’ software or those used by the ‘WallStreet’ traders for a mere $37 or $49 because they want to ‘HELP’ you or they want you to donate some percentage to charities. I’ve come across plenty of softwares/robots which are sold by mere marketers who does have NO clue on what online or binary trading is all about…just there to take your money away by selling some crap to you..There are those signal systems which will send you plenty of signals per day either with no wins or a few wins out of some luck.
ForexMarketSentiment The Forex Sentiment Indicator will show you the amount of traders who are long or short and the amount of trading volume in these positions. I'm using this product and is very helpful while taking the decision to enter a trade. It comes with a 60 day money-back guarantee. But, I’m sure you won’t be needing that.
Another resource is the Investing.com website where you can read all the latest news, forecasts, analysis etc on the world of investing. They recently have developed the app for the phone too which is a great application & I’m using it. Although, our binary option strategy doesn’t care much on the news & the fundamentals, it’s still a good practice to be aware of the major events that could have an impact on the investment world.
The charting we use is the Metatrader4. I’m a fan of it because of it’s simplicity & our binary option strategy is a very simple system, without any complicated indicator analysis. I’ve described everything on how to download metatrader4 & setup the chart for our trading strategy, in the Chart Setup section of this blog.
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