How to determine the movement of the chart on a binary option, Using Charts for Binary Options Trading
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Since using these types of more in depth charts may be new to you, here is a brief guide on how to get the most out of our free binary options charts. Basics Binary options derive their value from an underlying asset. You can analyze the underlying asset directly—with more customizability and more trading tools—utilizing the charts on this site.
If you are trading a stock binary option, input the stock symbol to see how the stock is moving now and how it has moved in the past.
Pick Your Asset Input the asset either name or symbol you are trading into the box on the upper left. As you start typing a dropdown list appears making it very easy to find the asset you are looking for.
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Pick Your Time Frame Next to the symbol box is a drop down menu. This will show the daily price history of your asset.
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By selecting a shorter time frame, such as a 1 minute, 5 minute or 15 minute chart, you are zooming to see how the price is performing right now. Compare Tool The Compare tool is great for if you want to see two or more assets side by side. By seeing the price charts of multiple assets side by side you can potentially determine which ones are relatively weak and which ones are relatively strong; this can help you determine which assets you wish to buy puts or calls in.
Source: FreeBinaryOptionsCharts. The percentage scale allows you to see which asset s is stronger or weaker in terms of percentage movements.
How to read charts for binary options - How To Read Charts For Binary Options
To quit comparing, go back into Compare and deselect uncheck or delete the assets from your compare list. Each indicator is customizable and in many cases can be applied to the price history or another indicator.
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All the indicators you have added will show along the bottom of the price chart, or on the price data. Quickly zoom in and out on the time frame you watching by pulling the grey sliders at the very bottom of the chart to the right or left respectively.
The Most Important Technical Indicators For Binary Options
You can even go back in time and zoom in on a specific day in the past using these sliders. Candlestick charts are the preferred type of chart for many traders.
All these types of charts show the price history, but in different visual ways and some contain more information than others. For example, candlestick charts show much more detail price information than a line chart.
If you have questions about how to use the charts, leave a comment below. VN:F [1.