Trading Binary Options with RSI and Bollinger Bands - HowTo In the first part of this project we laid down the two indicators and why we decided to combine them in the search for a reliable system.
It is time now to set up the rules and to explain when and how to trade binary options with this method. A Guide for Trading Rising and Falling Wedges Technical analysis is the art of forecasting future prices based on previous patterns. As such, traders use various tools to get as much information when it comes to projecting prices.
Some use indicators, like trend ones or oscillators. The idea is to find out discrepancies between the price and the indicator and, based on interpreting them, to find the perfect striking price for a call or put option.
No matter what you trade, the three lines that make the Pitchfork will always help in finding the right market direction. That is correct: the whole concept is based on three parallel lines. Developed by Alan Andrews, the Pitchfork starts with a great debate: where to position the initial three points?
Especially trading leveraged products such as Forex and CFDs carry a high degree of risk to your capital and can result in the loss of your entire capital. Only invest with money you can afford to lose.
Forex Trading in South Africa.