Concepts of trading Binary Options
Dr. Buckminster Fuller said "words are the most powerful tool ever invented human beings," it is why if we want to achieve gains in binary operations we must first be a good trader and we must talk and talk a successful trader, so let's take a look at the fundamentals of Trading Binary Options and here instead of putting a complete list will touch only the most recurrent terms in binary options:
Technical Analysis - Technical traders use trading information (such as previous prices and trading volume) along with mathematical indicators to make their decisions when trading. This information is usually displayed on a graph that is updated in real time and is interpreted as to determine when to buy or sell a specific instrument. Here I explain how to install software that is necessary for our technical analysis.
Fundamental Analysis - Fundamental traders analyzed for the case of binary options if you are opening operations in certain currencies, the macroeconomic news that the country responsible for the diviza that this tradeando; if we are opening operations in the EUR / USD all related to the European Community or the United States news fluctuations affecting this currency pair. In the community I mentioned provide a key to check daily economic calendar and know that pairs (Forex) tools are being affected.
Broker - Entity acting as a financial intermediary charging a commission on transactions. In this binary options broker gives you a platform to perform the operations "Call or Put" that lines back briefly explained.
Bull - rising market. This name comes from the position of the bull (bull) to attack from the bottom up.
Bear - Bear market; This designation comes from the specific position bear (bear) during the attack, from top to bottom.
Day Trading - investment strategy that involves making repeated transactions on the same day, often on the same instrument, it is highly recurrent in binary and / or forex options, stock market investments, less often used.
Base currency - First in a given currency pair, for example EUR / USD, the Euro is the base currency, USD / EUR the dollar is the base currency here.
Exotic Currency - unusual currency, for example MXN / USD, the Mexican peso is a currency underutilized.
Foreign Exchange - Foreign Exchange, also known as Forex.
Forex - A term commonly used to refer to Foreign Exchange.
Pip (Point) - Minimum Fluctuation may suffer the price of a currency. For most currencies it means a fourth after the comma, eg EUR / USD 1.3632, if it moves to 1.3634 tell which rose 2 "pips".
There are still many fundamental concepts of trading to mention, however for our application these are the elemental; it is also better to go slowly learning them; all in a single stroke.