Trading Binary Options on Bigger Time Frames
Before you start your trading, it can be helpful to check the big picture. Smaller time frames are just a snapshot within the bias of a larger time frame. For example, if you trade 30-minute charts, do you know what your favorite market is doing on the 2Hour, 4Hour, and Daily charts? These charts can give you a better picture of the trend of your market. When you decide to enter a long term trade on binary options , you should analyze the 4Hour-Daily charts in order to find the best prices for enter a trade, by that way you can make sure you are not trading against the trend and the chances for making a profit will be higher.
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