Pivot Points Classic: Classic Pivot Points or the Easiest Binary Options Trading Strategy!
A strategy based on price reversal points is perfect for binary options trading for beginners, as it does not contain large rules for entering a position.
What are Pivot Points?
- Pivot is the point where the price, reaching it, changes the DOWN movement to the UP.
All that is needed is to have time to buy an option at the right time! Yes, you need to be on time, as the pivot is constantly updated, so this strategy should be treated with caution.
Let's go to this site, we need to know the price value of the pivot points in order to buy the option on time.
For example, if we look at the EUR/USD pair, the pivot is 1.3420 (we set the timeframe to 5 minutes).
Let's go to broker website (if you are not registered yet, it will take 1 minute) and see if the rate for the EUR/USD pair is LOWER OR EQUAL TO 1.3420, then you need to buy an option UP ↑ with a period of 5 minutes.
If the rate is already above this mark, then we skip buying an option for this pair.
As you can see, making money on binary options is easy and simple!
If there are pivot points by which you can quickly determine when the price will change direction in the opposite direction, then why not use this great opportunity to make easy money on binary options?
Trading pairs: any;
Working timeframe: any;
Expiration: by TM (if TM is 5 minutes, then the expiration will be 5 minutes);
Time to trade: very strong news should be avoided;
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