What is the “Swing Trading”?

Swing Trading: The useful strategy for beginners and experts

You will know that brokers offer trading strategies from time to time through their newsletters.

Of course brokers are always biased, but often their information can be used to our advantage by stripping it of superfluous bits.


This time we talk about ” Swing Trading “, a technique useful for beginners but also for experienced traders.

What is Swing Trading?
With this technique the trader tries to capture the market swings as the price of the asset fluctuates over short, intermediate or long-term time intervals. Compared to “Day Trading”, in swing trading operations can be opened and closed within a limited period of time.

High and low swings


To anticipate swings, the trader often uses technical analysis. Analyzing price charts and patterns can help you identify early signs of potential swings and catch the optimal time to enter a trade.

You can use a variety of different tools for technical analysis.


Here are some basic technical analysis tools you can consider for your swing trading approach.

  • The Moving Average (MA): A popular tool for identifying trend direction.
  • The patterns of the candles : the combinations of the candles form an upward or downward pattern.
  • The convergence divergence of oscillatory indicators, such as Stochastics, MACD, RSI. A powerful indicator for spotting emerging trends.
  • Fibonacci retracements : horizontal lines used to determine support and resistance levels.
A candlestick chart with the application of the Fibonacci indicator

Below you can see the brokers most used by our traders. It does not mean that they are absolutely the best, but they have been selected based on the number of registrations and trading operations. In addition to these, you can view the complete list of brokers with relative comparison.

By registering through these links you get preferential assistance, various free resources and the possibility of free access to the VIP signal room. Clear cookies before visiting a broker. Send your ID, teh identification number that the broker assigns you, to info@freebinaryoptions.one.

Best Binary Options Brokers

Risk warning: "Binary options are not promoted or sold to retail EEA traders" If  the broker is not authorized in your area, e.g. IQ Option  (Eurozone / Usa), you can choose from our Broker Comparison (reliable brokers who accept traders from all over the world, following image):

Don't miss out on the Precious Free Resources!



Bollinger Bands + RSI

Bollinger Bands + RSI Strategy

RISK WARNING: Your capital may be at risk

The Bollinger Bands RSI trading pattern is perhaps the most respected trading system .
In this system , ForzaForex.it illustrates complete trading rules which are added to those commonly found in normal tutorials and which give a greater guarantee of success.

 Bollinger Bands RSI involves the combined use of two well-known indicators:

  • BOLLINGER BANDS
  • RSI INDICATOR (Relative Strength Index)

This is one of the most effective classic techniques , and experienced traders agree. So, is the problem of winning with binary trading now solved?
No. It would be too nice and simple if that were the case.

We also need a cold behavior typical of the seasoned trader who patiently waits for the right signal for entry, without haste.
Furthermore, a possible loss does not distract him from his goal: to follow the rules.

This classic technique is suitable for use with any binary options broker, perhaps coupled with Metatrader. 

Read also:

https://www.theguitarband.com/what-are-bollinger-bands/

Taking advantage of the reversal (or rebound)

Before talking about the real rules of the strategy with Bollinger bands and RSI, it is useful to refresh the functioning of the two indicators involved, in order to master the mechanism of the system that we are going to use.

We also recall that the Bollinger bands pair well with an “oscillator” indicator, such as the stochastic . In any case, coupling with the RSI oscillator remains one of the most classic.

The Bollinger Bands RSI strategy, as the name implies, uses both the  Bollinger Bands and the RSI indicator to take advantage of the momentary changes in direction  (“bounce” or “bounce”) that occur during the main trend, as illustrated in figure:

Strategy Bollinger Bands - RSI: Current trend change

Strategy Bollinger Bands RSI: Current trend change

Entry will take place in “Call” at the second reversal, in the direction of the main trend, as we will see later.

The Bollinger Bands RSI pattern indicators

Used indicators:

  1. Bollinger Bands indicator (20, 2)
  2.  RSI indicator (Relative Strength Index) (14)

At a first observation it would seem valid to buy when the price touches the lower band and to sell when it touches the upper band . Technically this works, but it is a risky way to trade Bollinger Bands.

Prices touch the Bollinger Bands

Sometimes strong trends cross these bands and lead the unfortunate trader to losses.
That’s why we will go alongside the RSI indicator as confirmation for the price reversal at the upper or lower band.

These two indicators, Bollinger and RSI, being widely used by traders, are usually part of the standard equipment of most graphic platforms, such as the Metatrader for example, and in this strategy it is not necessary to change the default settings.

As an alternative to observing the chart on Metatrader, it is convenient to use these indicators directly in the trading platform. They have, in addition to other indicators available as standard , both the Bollinger Bands and the RSI .

Rules of the Bollinger Bands RSI

Rule #1: Identify the current trend.

A lateral market situation is not valid , i.e. without an apparent trend, generally with horizontal price distribution. Otherwise this strategy will not work as well.

How to spot the trend

There are many methods to identify a trend, such as the use of trendlines, lines that combine maximums with maximums of price fluctuations between them and minimums with minimums.
If you want to know the trend directly, without the need for our analysis, you can use the   “Technical Investing Summary” , which for example for EUR/USD gives us information like:

Investing : Current trend table

The following description concerns a case of a positive trend. The opposite case is analogous.

As an example, suppose we have therefore identified a positive trend, rising prices (uptrend):

Rule No. 2: The asset, which was in an “uptrend” phase, changes direction and heads down towards the lower band until it touches it.

Prices head towards the lower band, until they touch it, or almost.

To clarify better, let’s see that prices have a general positive trend, but in the short term the momentary trend changes after generally touching the upper band, bringing the candles down to the lower band.

The price is rejected and touches the lower band

Rule n°3: Once the candlestick touches the lower band we look at the RSI.

It should be between 30% and 50%  and  UPLOAD , i.e. same direction as the general trend.

The trend of the RSI is up and is between 30% and 50%. Its direction is the same as the general trend

RSI regulation note

– If the RSI indicator does not have the 50% level, simply add it using the settings.– By default it does not have the central line 50% but this can be solved as follows:

Metatrader case– In Metatrader you can add the 50% level in the indicator settings.

IQ Option Case– IQ Option’s RSI has only two levels. To remedy this, two identical indicators can be activated by changing the settings, one with 30 and 50, the other with 50 and 70:

RSI indicator on IQ Option


RSI ranges

In the case we were observing before of a general positive trend, if the RSI is not in this range 30 – 50, and for example it is over 50, we will not enter the trade.

RSI on the rise

Otherwise, buy in “put”, RSI should be between 50 and 70 and have a decreasing direction.

Let’s zoom in to see the RSI line in the figure opposite.

Rule n°4: ENTRY MOMENT  at the appearance of a decisive bullish candle.

Once you notice this movement prepare yourself for entry.

The price has touched the lower band and the RSI is rising, you can enter after seeing a strong bullish green candlestick:

Entry after a strong bullish green candlestick

Second Entrance. When the price touches the central band you can decide to make a second entry with a good chance of success.

An even more comprehensive strategy makes use of divergences:

Conclusion

The Bollinger Bands – RSI strategy is a classic trading system used by many traders. It is simple and gives good results by combining two of the most popular binary options indicators.

Below you can see the brokers most used by our traders. It does not mean that they are absolutely the best, but they have been selected based on the number of registrations and trading operations. In addition to these, you can view the complete list of brokers with relative comparison.

By registering through these links you get preferential assistance, various free resources and the possibility of free access to the VIP signal room. Clear cookies before visiting a broker. Send your ID, teh identification number that the broker assigns you, to info@freebinaryoptions.one.

Best Binary Options Brokers

Risk warning: "Binary options are not promoted or sold to retail EEA traders" If  the broker is not authorized in your area, e.g. IQ Option  (Eurozone / Usa), you can choose from our Broker Comparison (reliable brokers who accept traders from all over the world, following image):

Don't miss out on the Precious Free Resources!



What are Bollinger Bands

The Bollinger Bands. One of the most used binary options trading indicators.

But are Bollinger Bands still useful? How do they adjust? Alone or with other indicators?

We have already recently talked about trading based on a moving average and then on two moving averages.
If we wanted to use 3 moving averages, we could install the  Bollinger Bands indicator , which is based on 3 of these averages.

The purpose of the bands is to give a  relative view of above and below . Thus, in theory, prices are  high in the upper band and low in the lower band.

In this article we see  how to set the parameters  according to our trading needs, and for those who want to go further, a more complete application with matching RSI indicator.

What are Bollinger Bands? If you have never used this indicator in the past, take a look at the graph in the figure to see what the Bollinger Bands look like :

Image of the Bollinger Bands in the IQ Option trading platform . The indicator is present by default on most platforms.

What are Bollinger Bands

Bollinger Bands, also known as “Bollinger Bands” are well known in the trading community.

They are named after their creator, John Bollinger, who made them known in the early eighties. The purpose of these bands was to give a relative definition of upper and lower. Thus, in theory, prices are high in the upper band and low in the lower band.

Bollinger Bands include three different lines , upper, middle, lower . The midline typically serves as the basis for both the upper and lower lines. They are mainly used to determine when prices are overbought and oversold. From this it can be deduced that it is convenient to sell when prices touch the upper band and buy when prices touch the lower one.

Volatility

The space between the bands is determined by “volatility” , i.e. how much the price action varies over time. A high volatility, for example, indicates a high trading volume. Many trading strategies are often more used in the presence of high volatility, as more reliable signals are obtained.

The central or median band consists of a 20-period moving average , while the upper and lower bands have a standard deviation from this, which in practice means that the width of the bands yields a statistical measure of the volatility of the market.

When you see the broad bands it means that we are in the presence of high volatility , narrow bands low volatility .

Video Tutorial Bollinger Bands

In the video a brief but understandable description of the Bollinger Bands:
https://www.youtube.com/embed/CnJYMmU6c7k

Bollinger Bands is an indicator that provides a range of movement in the price of an asset .

It is created, as already mentioned, on the basis of three moving averages , one of them in the center, the other two at an equal distance from it.

Bandwidth

the price touches one of the bollinger bands

The price touches one of the Bollinger Bands

Bandwidth is calculated according to a mathematical standard deviation formula. It is possible to set the coefficient in the indicator settings. The higher this is, the wider the band will be and the price chart will touch the margins more rarely.

the higher the market volatility, the wider the corridor

Wide corridor = higher volatility

Period

Another adjustment concerns the value of the period , i.e. the number of candles used in calculating the value of the indicator. The increase in the period “smooths” the corridor but does not guarantee an increase in the accuracy of the indicator readings.

When the price reaches or touches one of the lines, the probability of its movement shifts in the opposite direction. 

Breaking any of the lines signals a probable trend move through the perforation . The higher the market volatility , the wider the corridor. Prolonged presence of the indicator in a narrow corridor usually precedes the start of a strong movement in the market.

The use of Bollinger Bands in association with other indicators (indicators/oscillators such as Stochastic or RSI) is recommended as it is ineffective during a strong trend.

Trading strategy with Bollinger Bands + RSI

The most classic of binary options strategies which involves the combined use of two well-known indicators:

  • BOLLINGER BANDS
  • RSI INDICATOR (Relative Strength Index)

The Bollinger Bands Strategy with RSI is perhaps the most popular band trading system.

Below you can see the brokers most used by our traders. It does not mean that they are absolutely the best, but they have been selected based on the number of registrations and trading operations. In addition to these, you can view the complete list of brokers with relative comparison.

By registering through these links you get preferential assistance, various free resources and the possibility of free access to the VIP signal room. Clear cookies before visiting a broker. Send your ID, teh identification number that the broker assigns you, to info@freebinaryoptions.one.

Best Binary Options Brokers

Risk warning: "Binary options are not promoted or sold to retail EEA traders" If  the broker is not authorized in your area, e.g. IQ Option  (Eurozone / Usa), you can choose from our Broker Comparison (reliable brokers who accept traders from all over the world, following image):

Don't miss out on the Precious Free Resources!



DOUBLE MOVING AVERAGES

CROSSING OF TWO MOVING AVERAGES

After the article dedicated to how to implement a strategy based on a moving average , this time we evaluate whether two moving averages further improve our method.

Let’s see how to use the crossing of two EMA averages, setting the correct parameters and identifying the moment of opening the position.

In the past, we had already produced a large service on the subject of the two averages and their intersection, to which we refer you for further information.
IQ Option is sharing a tutorial on this topic. We have resumed it in our own words, without invitations to trade or advertising. We will also review some technical concepts.

The previous moving average tutorial demonstrates how easy and practical it is to use. Let’s see what happens by applying two moving averages, how to set them and when to receive a signal to open a position.
According to what we read in various technical articles, two averages should give more precise results. Let’s see in this article.
The average indicator is based on the calculation of the average price on the chart, obtained by setting a suitable time period. With two indicators (two MAs), therefore two averages adjusted over different periods, it may be possible to evaluate more precisely when to make trading decisions.


Let’s go back to the concept of Mobile Media.
The Moving Average indicator indicates the direction of an asset’s price.

The average is measured according to the number of candles considered, calculating the average of their closing values.
Example, an average calculated over 5 candles divides the closing values ​​by 5.

If the graph goes ahead by a new candle, the indicator will redo the calculation on the most recent 5 candles, and so on, drawing a line in the graph based on the values ​​obtained, which therefore indicates the current trend.

If we increase the number of candles taken into consideration, the sensitivity decreases, but the delay of the graph increases.

The intersection of two averages each based on different candle intervals (periods) helps to evaluate any trend reversals.

Instead of the simple moving averages seen here we will use exponential moving averages , which operate mainly considering the most recent values. If you want to know more, look for the complete definition and meaning.

The double moving average
The method involves two exponential moving averages (EMA) set with two different periods: 100 and 14 . Thus the trader trades with a highly adaptive 100 EMA, which reflects the market movement on a larger scale, and a faster 14 EMA, which reacts to the short-term trend.

SETTINGS
First look for the indicator in your broker’s charting platform list. The averages are present in practically all the trading room.

For example on Pocket Option :

CHANGE THE PERIOD ACCORDING TO THE INDICATIONS OF THE STRATEGY

About IQ Option:

In our technique we will have to enter two averages . Select the type of average, EMA, with a period of 14 and another with a period of 100 . Change the color of the line, for better viewing.
Same settings regardless of the selected time frame.

RULES FOR POSITION OPEN SIGNALS

Sell ​​signal (PUT) (example on Pocket Option chart above). The 14 EMA is above the 100 EMA and they cross each other. After the crossing the EMA 14 is below the EMA 100. Wait for a retest of the chart and open the position at the close of the first red candle:

Purchase signal (CALL) , in case of opposite situation (example in IQ Option chart).

After the crossing, the EMA 14 is above 100. Before entering, wait for the price to retest the EMA 14.
Entry at the close of the first green candle:

THE PRICE RETESTS, CLOSING FIRST GREEN CANDLE

In conclusion, the double moving average crossing strategy requires minimal setup, but is able to offer the trader a lot of information on the direction of the trend. Always make your own experiences in demo first. Happy trading.

We remind you to read/participate in the discussions on Telegram channels:

Broker No-Esma: https://t.me/BrokerNoEsma

Pocket Option Italia: https://t.me/PocketOptionItalia

Below you can see the brokers most used by our traders. It does not mean that they are absolutely the best, but they have been selected based on the number of registrations and trading operations. In addition to these, you can view the complete list of brokers with relative comparison.

By registering through these links you get preferential assistance, various free resources and the possibility of free access to the VIP signal room. Clear cookies before visiting a broker. Send your ID, teh identification number that the broker assigns you, to info@freebinaryoptions.one.

Best Binary Options Brokers

Risk warning: "Binary options are not promoted or sold to retail EEA traders" If  the broker is not authorized in your area, e.g. IQ Option  (Eurozone / Usa), you can choose from our Broker Comparison (reliable brokers who accept traders from all over the world, following image):

Don't miss out on the Precious Free Resources!



MOVING AVERAGE STRATEGY

MOVING AVERAGE STRATEGY

Does it still make sense to use it?

Does it give hints about the future?

Are prices bouncing?

Why is it called moving?

How are the parameters adjusted?


Answers to these and other questions in this article.

Memorandum. What is a Moving Average?


The moving average (also called “MA” from the English Moving Average) is an average of the prices over a specific period of time. It is often used by traders to view the price movements of an asset as it “filters” sudden swings.


How is it calculated.
A moving average is calculated on candlestick data over a number of days. A 30-day moving average will require data over those 30 days, such as 30 one-day candles. Add the values ​​of the 30 days and divide the result by 30.
It is called “floating” because the appearance of new candlesticks modifies the overall data and changes the graph line.


The moving average is one of the most commonly used tools by traders, alone or in addition to other indicators.
If you decide to use it alone you can think about exploiting the bounce on the line with a strategy on the bounces that we offer you to discover trading opportunities.


To understand how the rebound on the moving average line works, think of asset prices that fluctuate continuously within a certain range, with an upward or downward trend.
The strategy consists in identifying the phases in which prices enter a strong trend , and then move back towards the moving average. In this case they tend to bounce off the line and then resume their previous direction.


Settings.
We use an exponential average (EMA) to smooth out recent swings, showing the general direction of the trend. We set at 34 periods and use candlestick charts with intervals of 1 to 5 minutes. We can receive with this system several daily signals.
Naturally it is possible to modify the parameters according to your needs, remembering that the greater the period of the indicator, the more fluid the line will be , and vice versa.

Moving Average Settings


How and when to open a position.
Call entry (purchase).

  1. The price chart is trending up, moving further away from the exponential moving average.
  2. The price then reverses, falling towards the indicator line and touching it, or falling slightly below it.
  3. If the following candle fails to close below the line and the price breaks above the indicator, this can be considered an entry signal.


In the example above, the graph moves up, then reverses and touches the indicator , bouncing in the same direction. The timing of the bounce could indicate a possible entry for a Call trade.

An example also for the condition Put (sale).

Let’s go over some practical theory.


What is a Moving Average?
The moving average (also called “MA” from English Moving Average) is an average of the prices over a specific period of time. It is often used by traders to view the price movements of an asset as it “filters” sudden swings.
How is it calculated.
A moving average is calculated on candlestick data over a number of days. A 30-day moving average will require data over those 30 days, such as 30 one-day candles each. Add the values ​​of the 30 days and divide the result by 30.
It is called “floating” because the appearance of new candlesticks modifies the overall data and changes the graph line.

We also did an article on crossing two moving averages

We remind you to read/participate in the discussions on Telegram channels:

Broker No-Esma:  https://t.me/BrokerNoEsma

Pocket Option Italia:  https://t.me/PocketOptionItalia

Below you can see the brokers most used by our traders. It does not mean that they are absolutely the best, but they have been selected based on the number of registrations and trading operations. In addition to these, you can view the complete list of brokers with relative comparison.

By registering through these links you get preferential assistance, various free resources and the possibility of free access to the VIP signal room. Clear cookies before visiting a broker. Send your ID, teh identification number that the broker assigns you, to info@freebinaryoptions.one.

Best Binary Options Brokers

Risk warning: "Binary options are not promoted or sold to retail EEA traders" If  the broker is not authorized in your area, e.g. IQ Option  (Eurozone / Usa), you can choose from our Broker Comparison (reliable brokers who accept traders from all over the world, following image):

Don't miss out on the Precious Free Resources!



DO BINARY OPTION BROKERS PAY?

The risks of trading with binary options brokers

DO BINARY OPTION BROKERS PAY? ARE THERE RISKS?

Trading with binary options is exciting and often profitable, but will there be any surprises at the time of the withdrawal request ? Does the broker pay?

Let’s see what is the reality of the facts without half measures, to understand how to operate, how much to deposit and withdraw , and other tips to avoid the risks associated with trading.

Let’s take a cue from the Pocket Option chat to answer some questions, like this one by Paolo M .:

– How much should you keep on the account and how much to withdraw each time to be safe (I use Pocket Option )?

Answer : There is no precise rule, but there is a behavior to follow, and it applies to all brokers .

The broker makes money from your losses , so they don’t want traders who make thousands of dollars a week and hardly ever lose.

In practice, if you withdraw a few hundred euros a week you have no problems, I speak from experience of our traders to whom we recommend this behavior. If you are someone who operates with hundreds, if not thousands of euros per operation, I advise you to leave it alone, unless you know the risks, and that at the first refusal to pay (with perhaps vague contract motivation) you agree to lose the only one sum , without ever leaving much on the bill!

If you are a “normal” trader (the majority) who deposits for example 2/300 euros, withdraws max 100/200 at a time and perhaps often also loses, even if in the end with a positive balance, brokers well known and used by most, such as Pocket Option  or Quotex will not give you any problems. They have such a movement of capital that $ 1000 shouldn’t be a concern.

Less used brokers, even if attractive for some characteristics, carry a considerable risk.

The withdrawal of the “small” trader “is generally not examined, it is performed routinely among many others, instead the large amount passes to the examination of the managers who, while paying it, will begin to keep you under observation, hoping that by continuing to operate you can lose and then let the broker recover the loss. However if you were to request a large new withdrawal they will probably find the quibble not to pay you, or even close your account, as it is unwanted.

An alarm bell? Sometimes the broker raises the spread to unwelcome clients. In this case, run away immediately!

Finally, a suggestion for those with original or aggressive strategies. In this case, it is important to read the contract with the customer (which you can find on this site in the menu or with the search button).

Conclusion.

The trader who operates in a traditional way, for example examining charts with technical analysis without using martingale, multi-inputs or other tricks, will find a pleasant experience in trading with binary options.

Be wary of those who repeatedly criticize in chats, perhaps in good faith. Often it is always the same few people who may have run into problems. Most of the traders we know have been operating for years without hassle, perhaps with the awareness that from binaries you do not get rich but still work with passion.

Pocket Option's Italian chat

https://t.me/PocketOptionItalia

Again, from the chat:

Franco P .: -I am obviously retail but I don’t invest a few euros. I will have reloaded 1000-2000 and for now I have made only one withdrawal of 3000 last week, but I would need to withdraw another 3000 so I am already “afraid” to do so-

A. Yes, it’s risky, maybe take 500 in various phases, deposit something, etc. never show that you want to escape!

Alberto G .: -But then on IqOption they still do binaries ?? I checked my old account, but I don’t see them …

A. Some rules must be followed. Here are their requirements:

It is necessary that you can satisfy at least two of the following three elements:

  • Volume of trade . You have made at least 10 trades (each worth € 150 or more) per quarter in the past 4 quarters.
  • Considerable portfolio . Your financial portfolio, including financial instruments and cash, exceeds € 500,000.
  • Relevant experience . You have at least one year of relevant experience in the financial sector, as you may have worked in some company in this sector.

On the Forzaforex.it home page you will find a comparison between brokers , to choose with confidence, but always keeping in mind the above!

ATTENTION. Due to EU regulations, Consob has blocked the most used brokers who do not fall within the list of their authorizations.

Pocket Option and Quotex have updated their links, accessible from anywhere in the world:

New Alternative Links for Quotex.
1. Quotex-broker.com/?lid=13735
2. Qxbroker.com/?lid=13735
3. Quotex.com/?lid=13735 (in some cases not working)
4. Quotex.io/?lid=13735 ( in some cases not working)

New Alternative Link for Pocket Option
https://po.cash/smart/NBsHaX7rcA7Oqj

Do you want to know the opinion of other traders? Find out about the Telegram chat of non-Esma brokers!

Below you can see the brokers most used by our traders. It does not mean that they are absolutely the best, but they have been selected based on the number of registrations and trading operations. In addition to these, you can view the complete list of brokers with relative comparison.

By registering through these links you get preferential assistance, various free resources and the possibility of free access to the VIP signal room. Clear cookies before visiting a broker. Send your ID, teh identification number that the broker assigns you, to info@freebinaryoptions.one.

Best Binary Options Brokers

Risk warning: "Binary options are not promoted or sold to retail EEA traders" If  the broker is not authorized in your area, e.g. IQ Option  (Eurozone / Usa), you can choose from our Broker Comparison (reliable brokers who accept traders from all over the world, following image):

Don't miss out on the Precious Free Resources!



Bitcoin on Spectre with higher payouts

Now also Bitcoin on Spectre with higher payouts

A great news for the Spectre binary options platform , perhaps the best broker ever among those available in Italy

New crypto on Specter and more payouts

But why is it important? You can now convert your BTC to BCH and transfer them with very low fees, unlike Bitcoin costs. When the BCHs return to your wallet, you exchange them for BTC (if you want). However, not everyone wants to deal with crypto, which is why Pocket and Quotex remain first.

Spectre is certainly an excellent broker, with assistance always ready to help. Thanks to its decentralized position it remains today perhaps the safest broker, thanks to the funds on blockchain and the guarantee of external liquidity.

In our ranking of the brokers most used by our traders it is in third place after Pocket Option and Quotex , but it could have risen to the first if it had not had the limit of the single currency ETH and not low but average payouts.

Now, however, news reaches us that Specter has added Bitcoin and other crypto coins to the already present Ethereum (ETH) , thus allowing to choose the cheapest currency for transfers. In fact, it is known that transferring ETH is quite expensive, moreover many already have Bitcoin.

Today the news that comes to us by email:

 

Dear traders,

We are pleased to announce that, owing to popular demand, we have added Bitcoin and other popular digital assets to Spectre.

With immediate effect, you can now speculate on digital asset price movements without taking ownership of the underlying coins and without the need for an exchange account or special wallet.

The digital asset markets never sleep and are open 24/7. This means they are available on Spectre for 24-hour trading, 7 days a week, 365 days a year – it never closes!

To start with, you can trade the following digital assets:

    • Bitcoin
    • Ethereum
    • Litecoin
    • Bitcoin Cash
    • Monero
    • Dash

Digital assets are prone to huge price movements in value and you can take advantage of this volatility by trading it on our Digital Contracts or CFDs with the highest industry returns, by a considerable margin, of 80% on a wide variety of expiries.

More will be added soon including top DeFi coins and NFTs with decent volumes.

Thank you for your continued support, and if you have questions please do not hesitate to contact us. You can login here.

Regards,
The Spectre Team

 

The high fees of Ethereum

Already in November of last year we had pointed out to Specter the difficulties of depositing and withdrawing with Ethereum, due to the high cost of transactions and we suggested using different coins to ETH:

Here’s an excerpt from our old conversation:

We were asking Specter to solve the problem of high transfer fees

Above: We have been asking Specter for a long time to solve the problem of high transfer fees

With the new coins the problem no longer arises.

Beware of commissions

Those who already transfer Bitcoins will know that even BTC is not exactly cheap, as today, on average, moving these coins costs on average at least $ 25.

Thanks to this new possibility of choice, it is possible to transfer a currency that has lower costs, such as Bitcoin Cash (BCH) for example, which has very low fees.

It is known that the fees vary over time, but this comparison (BTC, BCH and Dash) still gives an idea:

Fee comparison between BTC, BCH and DASH

Fee comparison between BTC, BCH and DASH

We see that Bitcoin Cash (green line) is by far the cheapest, with practically negligible fees.

We have communicated to Specter that we will inform traders:

“… Yes, we are very happy to add cryptocurrencies with such high payouts – no one else does! And we will add more cryptocurrencies over time and also DeFi coins “

SPECTRE DEPOSITS AND WITHDRAWALS

There are many different deposit methods including credit / debit card and digital wallets like AdvCash, Perfect Money etc. , as confirmed directly by Specter:

SPECTER DEPOSITS AND WITHDRAWALS

 

Visit the Spectre broker

Visit the Spectre broker

Below you can see the brokers most used by our traders. It does not mean that they are absolutely the best, but they have been selected based on the number of registrations and trading operations. In addition to these, you can view the complete list of brokers with relative comparison.

By registering through these links you get preferential assistance, various free resources and the possibility of free access to the VIP signal room. Clear cookies before visiting a broker. Send your ID, teh identification number that the broker assigns you, to info@freebinaryoptions.one.

Best Binary Options Brokers

Risk warning: "Binary options are not promoted or sold to retail EEA traders" If  the broker is not authorized in your area, e.g. IQ Option  (Eurozone / Usa), you can choose from our Broker Comparison (reliable brokers who accept traders from all over the world, following image):

Don't miss out on the Precious Free Resources!



How Grid Trading Works

How Grid Trading Works

Pionex grid trading

Note: more information on our Telegram Chat https://t.me/RobotOpzioniBinarie (English/Italian)

Let’s find out how the bot actually work.

In this example, we use BTC/USDT pair the following parameters (In this example Bitcoin mainly oscillates between $3000 and $4000).

  • Highest price: $4000
  • Lowest price: $3000 
  • Number of grid: 6
  • Amount per grid: 1 BTC

1. The bot will distributed the grid according to these settings.

2. The bot detect the current price ($3450) and remove the nearest order ($3400)  from it.

3. Turn all the orders into sell orders and buy orders. Also calculate the BTC and USDT amount needed for creating the bot (the bot will re-allocated your fund if needed).

4. When the price rise and hit the sell order ($3600), it’ll place a buy order one grid down from that grid, which is $3400 in this case.

The current price is now $3650.

5. When the price drop and hit the nearest buy order ($3400), it’ll place at the same time a sell order one grid up from that grid, which is $3600 in this case.

Current price is now $3350.

6. With continuously buy and sell, we can make profit from each trade and that’s how we define the profit per grid.

Note: Among the parameters required by the bot there is also the profit per grid, which is recommended to be preferably between 0.5% and 2%.

More information on our Telegram Chat https://t.me/RobotOpzioniBinarie (English/Italian)

Pionex. Exchange con Bot gratuito compreso

Pionex. Exchange with in-built trading bots

Below you can see the brokers most used by our traders. It does not mean that they are absolutely the best, but they have been selected based on the number of registrations and trading operations. In addition to these, you can view the complete list of brokers with relative comparison.

By registering through these links you get preferential assistance, various free resources and the possibility of free access to the VIP signal room. Clear cookies before visiting a broker. Send your ID, teh identification number that the broker assigns you, to info@freebinaryoptions.one.

Best Binary Options Brokers

Risk warning: "Binary options are not promoted or sold to retail EEA traders" If  the broker is not authorized in your area, e.g. IQ Option  (Eurozone / Usa), you can choose from our Broker Comparison (reliable brokers who accept traders from all over the world, following image):

Don't miss out on the Precious Free Resources!



What is the best method to deposit or withdraw on Pocket Option , Quotex , etc.

 What is the best method to deposit or withdraw on Pocket Option , Quotex , etc.

What is the best method to deposit or withdraw on Pocket Option , Quotex , etc.

Update sept 21

MESSAGE RECEIVED WITH NEW LINK.
Dear Partner,
We are expanding our platform for a closer presence in global markets. Now, users around the world can access the Pocket Option trading platform using a unified domain on pocash: https://po.cash/smart/NBsHaX7rcA7Oqj
Using the new domain https://po.cash/smart/NBsHaX7rcA7Oqj, traders will automatically be redirected to the correct websites corresponding to their regions.

Q. What is the best deposit or withdrawal method on Pocket Option, Quotex, etc.?  

R. Bitcoin.

D. Do they accept credit cards?

Generally no.

How to buy and deposit Bitcoin? How to solve the Bitcoin volatility problem?

Read this post.

The answer is very simple, but we often prefer to complicate our lives. If you are decided to work with brokers you must be able to withdraw or deposit with maximum simplicity, speed and security.

Those who are not used to using a real account are used to thinking about credit cards, however this system is not the most practical for online transactions. Much better to use a cryptocurrency.

For those who turn up their noses due to lack of knowledge of digital money, or due to the well-known volatility of its value, such as Bitcoin, let’s try to clarify any concerns and show the solution.

Volatility.

You will know that there is not only Bitcoin, but also the so-called “stablecoins” so called because they “bind” to the value of the USD, US dollar.

If you don’t want to risk the value of your money changing over time, you can deposit and withdraw in stablecoin currency.

If your broker does not have this type of currencies as a method, no problem, convert them into bitcoin and therefore deposit bitcoin. Conversely, withdraw bitcoins and then convert back into your digital wallet into stable coins.

The best stablecoins right now:

  • Tether (USDT), Tether is the best known stablecoin in the world of cryptocurrencies. 
  • Paxos Standard (PAX) 
  • Coinbase Dollar (USDC)
  • Binance USD (BUSD)

Use stablecoins to avoid volatility

Use stablecoins to avoid volatility.

Once the problem of volatility has been overcome, let’s see in practice how to operate. Obviously you have to get digital currency, the most common is Bitcoin.

Buy Bitcoin

You can buy them in various ways, the most common being through your bank’s credit card.

You need an “exchange” really a site that allows you to buy Bitcoins, transfer them to the broker, possibly convert them into stablecoins etc.

One of the most used are Coinbase or Binance . Sign in.

With Coinbase you can buy Bitcoins with your credit card in minutes.

  1. Create an account  on Coinbase .
  2. Explore your account settings.
  3. Click  on  ” Credit / Debit Card “
  4. Enter your  credit / debit card information .
  5. Confirmation.
  6. Buy  Bitcoin !

Deposit on the broker

When you access the broker’s deposit page, select the method, Bitcoin, and you will be given an address consisting of many letters and numbers. That is the destination BTC address of your Bitcoins, that is, your Bitcoins will go to that address, which is none other than that of the broker.

Copy it, you will have to insert it on Coinbase by carrying out these intuitive operations:

  1. Access to  Coinbase (login, with your name and password)
  2. Access to the BTC wallet  .
  3. BTC sending  screen .
  4. Indicate the amount to be sent.
  5. Specify the destination BTC address  , the one provided by the broker.
  6. Send the  bitcoins .

Withdrawal from the Broker

To withdraw Bitcoin, just log into your broker account and in the withdrawal section indicate your bitcoin address (you can still find it on Coinbase) and the relative amount.

The transfer is fast, a few minutes, and the cost is much lower than the classic transactions.

When you want, you can withdraw your bitcoins from Coinbase, and transfer them to your current account in euros.

Below you can see the brokers most used by our traders. It does not mean that they are absolutely the best, but they have been selected based on the number of registrations and trading operations. In addition to these, you can view the complete list of brokers with relative comparison.

By registering through these links you get preferential assistance, various free resources and the possibility of free access to the VIP signal room. Clear cookies before visiting a broker. Send your ID, teh identification number that the broker assigns you, to info@freebinaryoptions.one.

Best Binary Options Brokers

Risk warning: "Binary options are not promoted or sold to retail EEA traders" If  the broker is not authorized in your area, e.g. IQ Option  (Eurozone / Usa), you can choose from our Broker Comparison (reliable brokers who accept traders from all over the world, following image):

Don't miss out on the Precious Free Resources!



BEST RSI DIVERGENCE STRATEGY

RSI DIVERGENCE PRICE ACTION STRATEGY

The best trading system for binary options with Divergences, SR, Trendline, Time Frame, Correlations.

 

INTRODUCTION

The RSI is one of the best known and most used indicators, but we all know that there is no such thing as a “magic” tool. RSI is also no exception.

Using the RSI indicator in the classic way, ie with inputs at the entrance (or exit) of the “hyperzone”, often leads to negative results.

The “Advanced RSI Strategy” is a complete trading system that, starting from RSI, uses price action to verify the correct analysis: divergences, static or dynamic trendlines, correlation between currencies and time frame checks.

We remind you that any indicators are used only to support what we have already established with our price observation and the RSI is no exception.

This strategy applies to different assets, currency pairs, crypto, stocks, etc.

Finally, attached at the end of the tutorial you will find a section dedicated to the theory of divergences and a list of assets that can be used for “correlation”.

WHAT IS THE RSI INDICATOR

The Relative Strength Index, or relative strength index, is one of the most popular oscillators in technical analysis, commonly used by traders to identify a market price that is too high or too low.

The RSI value varies from 0 to 100 and two levels are shown which correspond (default) to the value 70 and the value 30. The area above the value 70 is the overbought one and the one below the 30 value is the oversold one ( oversold).

When the RSI line (white in this MT4 chart) exceeds 30 the asset is considered an underestimated price, when it exceeds 70 it is considered an expensive asset.

The system is divided into three parts. The first part is the basic one and deals with the RSI system with divergences, the second part explores the subject with confirmations and the third part contains further price action analyzes.

PART ONE

 

HOW THE RSI INDICATOR IS USED NORMALLY

Most traders enter the “long” trade when RSI is in the oversold zone, vice versa in “short” when RSI is in the overbought zone.

“Short” entrance (also called Down, Sale or Put)

 

Using RSI in this way often presents a problem. After crossing the line, prices often do not reverse direction, but continue to remain in the “hyperzone” or even to continue in the same direction, leading to a loss of the operation.

This often happens in the case of a strong market trend.

By trading this way you could get a significant number of lost trades. We will therefore use the indicator in only one way: by combining the RSI signal with the “ Divergence ”.

 

PART ONE. RSI + DIVERGENCE

Divergence occurs when the prices on the chart move in the opposite direction to the RSI indicator, thus anticipating a possible trend change.

At the end of the tutorial you will find a section dedicated to differences: how to identify them, how to trace them, what type, etc.

We plotted the trendlines (white lines) connecting the maxima of the charts to each other. We note that their mutual inclination is divergent. This leads to the next change of direction.

The trendline is plotted starting from the relative maximum (M) at the crossing point of the RSI hyperzone , towards the second maximum (red circle), followed by a corresponding trendline on the main chart.

 

DIVERGENCE TRACKING

Depending on whether maximums or minimums are connected in the graph, we have two possible types of tracking in our strategy, which tends to identify a price inversion (there are two other tracking ways that give rise to the so-called “hiden convergence”, hidden convergences, which give instead an indication of continuation of the trend (the complete description in Appendix 2).

Left: link of lows, bullish exchange rate. Right: link of highs, bearish exchange rate.

 

Therefore, minimums in the graph and minimums on RSI are connected, or maximums in the graph and maximums on RSI, but never minimums on the graph and maximums on RSI, or vice versa:

Incorrect tracking

In the graph seen above (black background) we have an increasing maximum (higher high) and in the RSI we have a decreasing maximum (lower high) which leads to a divergence between the trendlines and therefore to a possible price reversal .

On the left side of this graph we can identify another divergence, and draw two other lines, which also in this case are divergent:

Let’s look at another example, divergence in the lower hyperzone.

We trace the trendline towards the decreasing minimum of the main chart (lower low) and the increasing minimum of the RSI (higher low):

The result is a change in the direction of the trend.

 

RSI COMPARED TO MACD

Divergence can also be used with other indicators, such as the popular MACD, but RSI gives a more precise and clear divergence, which leads to higher quality trading.

Two identical graphs but with different indicators. In the case of the MACD there are no differences.

 

Let’s summarize some key concepts:

Indicators are not “magic”: 

  • Never use them alone for trading inputs
  • Use them only to support the analysis you’ve already done with the price action.

If used correctly Divergence is one of the most powerful tools for detecting changes in quality direction.

There are various types of divergence, but we will analyze two of the most important, the “large” divergence and the “tight” divergence.

 

TYPES OF DIVERGENCE RSI

The “wide” divergence, as the name suggests, occurs when the oscillations on which the trendline is drawn are distant from each other, with maximums (or minimums if not) that is, quite distant from each other, as in the figure:

Another example:

Reason: 

The divergence based on wide swings (wide wings) gives good forecasts of reversal, as the trend in question is not under full control of the investors.

 

Depending on the position of the RSI chart with respect to levels 30 and 70 we can divide each “large” and “narrow” divergence into 2 subtypes:

Wide divergence

  • When it happens inside the hyperzone
  • When it happens near the hyperzone (without touching it)

Tight divergence

  • When it happens inside the hyperzone
  • When it happens near the hyperzone (without touching it)

 

  1. Wide Divergence

Let’s see the two types of broad divergence.

Here is an example of a large divergence within the oversold zone:

And now an example of a large divergence near the oversold zone (i.e. RSI did not cross the line):

  1. Tight divergence

Now we see the second type of divergence instead, the narrow divergence.

The “narrow” divergence, as the name suggests, occurs when the oscillations on which the trendline is drawn are close to each other, with peaks that are close to each other, as in the figure:

Sometimes these oscillations are so close to each other that it is difficult to notice them:

The line chart comes in handy. We also draw the trendlines in the chart and highlight the divergence:

The lows are close so it is a tight divergence.

To identify it more easily, we therefore use the linear graph and highlight the lowest low (lower low) on the graph and the highest low (higher low) on RSI:

Here is another example comparing the charts:

As you can see, it is much easier to identify tight divergences on a linear graph.

Such divergences, when used correctly, are just as important as large divergences.

Another example and graphical comparison:

 

Now let’s see in the following graph divergences in hyperzone (overbought, oversold), both wide and tight:

 

We have so far looked at the case of divergences occurring within the hyperzone, i.e. RSI has exceeded the 30 or 70 levels.

Now we show the case of divergence inside the central RSI zone (close to the red line 30, but not touching it), as in the figure:

In conclusion, here is a list based on the quality of the signal obtained from the divergences:

  • Best. Wide swings + RSI in hyperzone (unless it hits the line)
  • Excellent. Wide price swings + RSI near the hyperzone
  • Great. Tight price swings + hyperzone RSI (at least it hits the line)
  • Good. Tight swings + RSI near the hyperzone 

 

SECOND PART. CONFIRMATIONS

 

Remember that with the RSI strategy you are trading against the trend , so divergence alone may not be enough to get a reliable signal. Further confirmation is required to validate that the trend change is real.

For this purpose we use price action , but only after the divergence has already given us a signal of a change in trend.

DIVERGENCE + CONFIRM

There are many patterns / figures that can help us, but to keep things simple we will use dynamic trendlines. Let’s see the figure:

The divergence is confirmed only after the break of the trendline that we have drawn by joining together the lows of the swings. If it is not possible to draw a trendline of sufficient quality, we will consider the divergence alone as not reliable enough.

If we did not wait for the trendline to break, prices could instead continue following the previous trend.

Here is another example where the trendline break is expected:

Let’s see another example where the input signal is missing.

This is a divergence that should indicate a change in trend, from bullish to bearish, however this change does not happen:

Prices continue, there is no breaking of the trendline, no trade.

This is a clear example that shows that the RSI Divergence alone is not sufficient to obtain a valid signal.

 

PART THREE. DIVERGENCES AND SR LEVELS

We deepen our strategy by completing the divergence with further elements, such as key level (SR) and trendline. Let’s analyze it by dividing it into separate parts for greater clarity.

 

DIVERGENCE + SR LEVELS + TRENDLINE

By SR level we mean a key area of ​​possible reversal, consisting of a resistance or support.

The concept is to find a divergence at a “key level” or SR level.

In the following figure, in addition to the presence of a trendline, we have a large divergence in correspondence with a key level, in this case a resistance.

This resistance reinforces the divergence signal (in this case also based on wide swings). A confirmation of the change in trend.

Entry to the break of the trendline.

Let’s see another example, in this case the divergence is at a support, and there is also a trendline that we need as a reference for the possible breakout.

The divergence is wide, wide. Remember again that wide does not refer to the slope of the divergence lines, but to the distance between the swings.

So another case of excellent signal.

Even the case of divergence based on tight swings at an SR level, although of a slightly lower quality than the wide one, still gives a very valid signal.

Let’s analyze the graph below, drawing a support and divergence lines:

As this is a tight divergence, the fluctuations are not very visible. Better to switch to the line graph:

The line chart can be used to better visualize swings and plot divergences. To check the correct breakout it is convenient to go back to the classic candles:

 

At the breakout, I enter Call.

 

DIVERGENCE + SR LEVEL + TRENDLINE + TIME FRAME

In the following figure we have drawn a valid resistance that passes through the various maximums and we are in the presence of a tight divergence, identified on nearby oscillations.

 

We do not know at the moment if there will be a breakout or if prices will continue following the trend.

No trade without breakout. For more information on what will happen we can move on to observe the candles at a lower time frame .

This new consideration concerns the time frame currently in use. Typically using a single time frame does not give us accurate information.

To confirm the trend change, we can observe the candles at a lower time frame to verify their divergence with RSI.

 

EXAMPLE 1

We have drawn our resistance zone and expect further reaction at that level. Entering Call we could risk losing the trade as prices could break the resistance.

So let’s look at the candles in the area of ​​the white circle in the time frame lower than the current one (whatever it is, the choice depends on your strategy, this analysis is valid for any time frame). Our aim is to find a trend change signal.

Without this you cannot know what happens inside those candles.

Your decisions must be made based on what you actually see in the chart without evaluating the next direction based on your personal impressions.

Suppose we are in a 1 hour time frame (H1). Let’s move on to the 15 minute time frame (M15).

Let’s compare the charts:

The left support in our original time frame is the same as the lower right time frame.

It is not enough for the prices in the left chart to break out of support. We need to see what happens inside the candles in correspondence with the key area, through the tracing of trend lines and divergence lines:

We can now see the swings on M15 and thus plot our divergence. Furthermore, it is also easier now to plot trendlines as the fluctuations are evident, whereas before they were not noticed in the original time frame.

We just have to wait for the confirmation of the breakout to open our position in Call.

The change in trend was confirmed and it really happened.

 

EXAMPLE 2

We have an SR level and we want to see what happens inside the candle whose shadow shows that the prices have reacted to the resistance.

Let’s move to the lower time frame and compare the graphs, also plotting divergence and trendline:

We have a clear divergence with relative breakout. We can open our position (PUT).

 

EXAMPLE 3

Prices react to support. Let’s see what happens inside the candle in the figure (H4):

Let’s examine the lower time frame. Same support and same downtrend. Let’s draw the divergence:

To see better we switch the H1 graph to line, where it is easier to notice the divergence (tight):

All that remains is to wait for the trendline breakout to open the operation:

 

EXAMPLE 4

We have a resistance and a candle whose upper shadow indicates an attempt to react at that level.

Let’s see what’s actually inside the candle, zooming in by observing a lower time frame.

The resistance is the same in the two graphs. The entry signal at the break of the trendline.

 

EXAMPLE 5

Let’s analyze the candles by moving to the lower time frame M15:

To be sure of the divergence it is best to switch to the line chart which confirms our analysis:

The entry signal on breaking the trendline:

EXAMPLE 6

The candles of the highlighted area react at the SR level, as evidenced by the long lower shadows.

Let’s zoom in on the area with the time frame method, to see if the price action gives us useful information:

RSI divergence, SR level reaction, trendline breakout. The elements to evaluate an entry in Call are all there. CALL.

 

EXAMPLE 7

We have a strong SR level, as prices have reversed direction several times there.

In the area under consideration we see a candle with a long shadow, due to the reaction to the level.

We zoom in through the examination of time frames. The SR level is the same in the two graphs.

.

Entry (Put) ONLY in case of trendline breakout.

 

EXAMPLE 8

In this case we find it difficult to trace the trendline.

If too far we risk losing the trade, If too close it is not very effective, so no trendline no trade.

To solve the problem, we increase the second maximum of the divergence by moving to the lower time frame M15.

Entrance to the breakout.

Conclusion

The trading system described so far is already to be considered complete.

Those who want further examples and insights for even safer entrances can complete the course by studying the second part, essential for those who want to seriously engage, becoming part of that minority of traders who earn with trading.

 

… The RSI PRICE ACTION STRATEGY continues in Part Two (advanced system)

The second part expands the strategy with further trading techniques, for even safer entries. Detailed images, indicator, examples and attachments complete the system.

The complete strategy (also including this first part in PDF with high quality images) can be downloaded immediately by purchasing it at the price of only 89 euros.

 




 

If you already operate with a broker in real with Forza Forex registration, you can request it immediately at info@forzaforex.it*

* (note: you will be required to communicate your broker ID, and make a deposit of at least 89 euros after the date of 13.1.21 with at least 3 new trades in the real account)




 

Below you can see the brokers most used by our traders. It does not mean that they are absolutely the best, but they have been selected based on the number of registrations and trading operations. In addition to these, you can view the complete list of brokers with relative comparison.

By registering through these links you get preferential assistance, various free resources and the possibility of free access to the VIP signal room. Clear cookies before visiting a broker. Send your ID, teh identification number that the broker assigns you, to info@freebinaryoptions.one.

Best Binary Options Brokers

Risk warning: "Binary options are not promoted or sold to retail EEA traders" If  the broker is not authorized in your area, e.g. IQ Option  (Eurozone / Usa), you can choose from our Broker Comparison (reliable brokers who accept traders from all over the world, following image):

Don't miss out on the Precious Free Resources!