Need more profit and Forex is closed? Trade 24 hours/7 days on cryptocurrencies
- VFX Blog
Hello traders! By opening a binary option, you can make a profit in a few minutes. But how to make money on binary options on holidays and weekends, when the currency and stock markets are closed? This is easy to do with cryptocurrencies that are available 24 hours / 7 days a week.
- Three exponential (EMA) averages with periods of 10, 25 and 50. Determine the direction of the short and medium-term trend. On a flute with high volatility, you can use the price channel, inside which you can trade (at least 10-15 points wide). A breakdown will become a trade binary signal of new trend. This method is recommended only for experienced traders!
- MACD. This indicator works both as a trend and as an oscillator instrument, so it will be the final signal to open an option.
- CALL-option. Price is above all Moving Average or breaks through "fast" EMA (10) from the bottom up. The MACD is green and above zero.
- PUT-option. Reverse conditions: price is lower than all Moving Average or breaks through the EMA (10) from top to bottom. The MACD is red and below zero.
- Doncian Channel (DC) − the horizontal direction of the DC lines confirms the presence of a flat, the breakdown of center lines will be the binary signal of its end. If the range is wide enough, you can open options to roll back from the borders. This method is recommended only for experienced traders!
- Stochastic − the oscillator will assess the current balance between buyers and sellers: the predictor above level 80 − the end of the uptrend (overbought), below 20 − the end of the downward (oversold).
- CALL-option. The price rollback from the lower limit of Doncian Channel or cross its middle line from bottom to top. Stochastic is up or out of oversold (level 20);
- PUT-option. Price crosses the DC average from top to bottom or unfolds from its upper limit. Stochastic is down or out of overbought (level 80);
- We earn money on cryptocurrencies 24 hours/ 7 days a week, when other markets are closed;
- Despite the small capitalization compared to currency pairs and stock assets, cryptocurrencies are a real trading tool that gives a good and stable profit.
- On binary option, you only need a minimum deposit. No matter how much cryptocurrencies are worth on the exchange, it is enough to make a correct UP/DOWN forecast and make a profit.