Weekends or holidays? Everyone is resting and stock traders too, because the currency and stock markets are closed. Well, let them rest, we know but how to make money on binary options on cryptocurrencies.
The main problem of cryptocurrency binary options trading signals is a low percentage of profit from the transaction. For any money management strategy, it should be at least 75-85%, otherwise, it will not be possible to compensate for losses free binary signals in an acceptable time frame. Or is it constantly changing over a wide range!
An alternative may be Crypto IDX – synthetic (derivative) cryptocurrency asset from Binomo:
The principle of calculation is the same as stock indices (Dow Jones, S&P 500). If asset quotes CALL-option on an uptrend index, PUT-option on a downward trend.
The strategy uses one standard indicator and two types of cryptocurrency signals from the vfxAlert service.
The «narrower» the Bollinger Bands price channel, the higher the likelihood of strong movement after flat completion. The opposite situation is necessary for trading on the edge of borders: the corridor must be at least 30-40 points, otherwise, the options will be unprofitable, even if free binary signals show the right direction;
After installing the tools, the terminal's working window looks like this:
Binary options signals:
Once again, we remind you that options are opened when the current trend ends with a confirmed price reversal.
Another condition is patience. You can try to enter the first candle of a different colour, but it is better to wait for the full binary signals. The expiration time of the options should be at least 5-7 minutes, even if a minute is selected as the working timeframe, as in our video.
Binomo has a reputation as a trusted broker and has been offering Crypto IDX for several years now. Binary options are opened with minimal delays, there are no problems with the withdrawal of profits and each trader can receive additional income without the need to change the strategy and style of trading.