Recommended binary options broker for range trading
You can open your account using Euros as your base currency and will also find a range of mobile trading opportunities available on their mobile trading platform too. Opteck — As a Binary options trader you will be demanding from any Broker you do decide to sign up to a range of features and will also wants lots of additional extras when placing real money trades at such a Broker online.
With that in mind please do take a look at what Opteck are going to offer you for they are one of the more generous Brokers when it comes to giving their clients lots of little extras which include a range of bonuses and special promotional offers.
This is a Broker who knows what their traders look for and demand and are always eager to offer those traders the best of everything. If you are a first time trader then a demo account is on offer to you and that would be the best way to take a look over and experience just how advanced yet how easy to use their trading platform is in a no risk type of trading environment. AnyOption — We have just enough space to tell you about AnyOption, one of the longer established Binary Options Broker they have lots of available trading opportunities and a range of different trading accounts one of which will be suited to your personally.
So please do spend a little time taking a look over our review of AnyOption for they are another Broker we just know will be able to cater for any level of Europe based Binary Options trade and they come highly recommended too. A part of our ongoing series of articles and guides below you will find an overview of some of the stronger and more financially sound European Member States last reported GDP figures. When you are thinking of placing any type of Binary Options trades or even Forex trades on any country in Europe then the following information may be of great use to you.
Top 10 European Binary Options Brokers by TradersBible Our aim here at the Traders Bible website is to provide you wish as much information as is possible to enable you to pick and choose the best Binary Options trades to place.
The upper and lower bands show the confines of price movement in a consolidating market. Take a look at the chart below to see the illustration:.
The Bollinger bands reveal the range of prices between the price floor and price ceiling. Once you have something like this showing on your charts, use your horizontal line tool to trace two lines as shown. You now effectively have the 2 strike prices you need for your boundary trade.
You can now decide on which of the four boundary trade option contract types to purchase, and set relevant expiry dates. Most brokers will allow a minimum of 7 days for expiry, so make sure that the period of consolidation will at least, exceed that time frame.
If you use a daily chart like we did above in this example, you will be able to get enough time to set an expiry. The boundary trade is not the only binary option contract that you can trade with this strategy.
The bias here should be for a No Touch option contract , taking time to set the price barrier either to the upside or downside, well outside the range of prices as demarcated by your price floor and price ceiling. This way, you are sure that the price action of the underlying asset has no chance whatsoever of coming close to your price barriers. If you need the price action to breach the boundaries, you can adjust your price barriers accordingly to make this happen.
Trade Setup The first step in using this trading strategy is to decide on the range to use.