In order to work from home with binary options you need to understand how to trade binary options. So, what’s the best way to understand binary options and how to trade them? Well, for starters you need to learn how to read financial charts and how to undertake fundamental analysis of the market you are wanting to participate in. Second, you need to learn how to perform technical analysis on financial charts such as support and resistance levels, how to recognise trends, and the right way to use indicators. Learn these techniques and you can start to work from home with binary options using simple trading strategies that are easy to learn. Its easy to start earning extra income by trading binary options from home, even for a beginner or a person who has not traded before.
Okay, let’s talk about charts. There are many charting solutions available on the Internet, freestockcharts.com is a great one to start with, it is very user friendly and it has a wide range of tools and indicators to assist traders with their analysis of the market. You can find them on the charts and graphs page under the resources section of the main menu. You’ll also find in that section, another great charting solution provided by Netdania. You will need to install Microsoft silverlight plugin for freestockcharts and you will have to have an updated version of java for netdania charts, both are free and should work on all operating systems, Windows and Mac. Netdania also has a mobile charting application that is quite useful if you are on the move.
To get a basic understanding of support and resistant levels, check out option training tips in the resource section of the main menu. Try drawing a few support and resistance lines on your favourite currency pair and spotting a few trends on one of the charting programs I mentioned before. Go on, you may surprise yourself. There are two types of trends, up and down, bull and bear, A BULLISH TREND IS AN UPWARDS TREND WHILE A BEARISH TREND IS A DOWNWARD TREND. Sometimes the market can be non trending and in what we call a sideways situation. There is a way to profit in every market situation using different techniques and strategies. You can check out the double for tutorial in the resource section for an example of how to profit when the market is in a sideways situation.
To start Trading you will have to sign up with a brokerage firm. Brokers that have been tested and approved by Binary Option Alliance are as follows:
By the way, It is free to sign up with all the recommended brokerages and it’s a great way to view the different platforms, The different brokerages have different features and trading tools and resources and its easy to sign up for a free account and test out and explore the different features the platforms have to offer traders. There is often live support to assist you with any questions.
There are many resources available to traders to assist them in their analysis of the market and a great option is binary option trading signals, There are many different types of binary signals services and Binary Option Trading Signals is one of the best way for traders to learn while they earn while they watch live screen feeds of professional traders every trade session, so new traders get to see exactly how the professionals are doing it, LIVE. Great for beginners and even if you already are a binary option trader and you are looking for that edge to boost your profits, binary option trading signals are a great choice. Check out their website here to find out more.
Binary Option Alliance has a load of new pages and features, explore though the main menu to find some great trading tools, reviews and articles. The recent trades page has been updated as well as the trusted signals provides page has some new additions, some of the other new feature include :
OK so, We’ve discussed whats it takes to start working from home with binary options and earn and extra income trading online. If you have any questions about setting up your charts or signing with a brokerage, don’t hesitate to contact live chat support available in the bottom right corner of this web page. Also feel free to ask any questions about binary option trading signals and other quieries you might have related to trading or leave a comment in the comments section. Thanks for tuning in and reading about the basics of how to start trading and earning extra income from home using binary options.
All the best for 2015, make an effort to make this a prosperous year and develop a strategy for success! #successin2015.
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