Binary options strategy – Profit with Support and Resistance
Support and resistance is a popular concept familiar with forex traders. Using support and resistance lines in binary options can be quite rewarding, yet brings with a certain complexity, especially for novice binary options traders. However, support and resistance is quite easy to understand and traders can start making use of support and resistance in binary options to make profits. In this article, support and resistance in binary options, we focus on the basics so it is easy to understand. To get a further understand on read what support and resistance in forex is.
The first thing you will notice when you look at any trading chart for any asset is the patterns that emerge. These spikes and surges are what is known as support and resistance lines and indicate an asset's high and low ...