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Monthly Archives: February 2017

Binary Option Strategies

The MACD-based 60-second strategy is a great way to take advantage of the quick, instant-gratification focused option-types that most binary option brokers feature these days. This strategy is based on the Moving Average convergence and divergence indicator, which is the only technical indicator used for this approach. The MACD has to be used with certain settings for this strategy to work, and it will show up as a blue line following the white line of the price signal. Whenever the MACD line crosses the price signal line, we have a trading signal. The MACD is essentially showcasing the momentum of the price-change, so its fluctuations represent a sort of prediction in this regard. If the MACD line crosses the price signal from below, we have an impending reversal of a downtrend into an uptrend. If the MACD line crosses the price signal from above, we’re looking at the impending reversal of an uptrend into a downtrend.

This strategy can be combined with various candlestick patterns that offer further confirmation of the upcoming reversal, and with other indicators too. For short-term options like 60-second options though, keeping the setup simple should always be a priority.

Using various candlestick patterns, like the pin-bar (also known as Pinocchio) is also a viable strategy for identifying various upcoming trend-reversals. The pin-bar is a very peculiar candlestick, featuring a small body and a long wick. Depending on which side of the candlestick body the long wick forms, we have a bearish or a bullish pin-bar pattern. In theory, when there’s an uptrend underway and a bearish pin-bar suddenly forms, we’re looking at an impending price-drop, which should obviously be traded through a PUT option. By analogy, bullish pin bars call for CALL trades.

With this strategy, timing is of the essence. Missing a beat here and there will definitely defeat the Pinocchio.

The straddle strategy is a damage-control oriented approach, the primary purpose of which is to tide the trader through some highly volatile market conditions which may strike out of the blue. Straddling is a bit like hedging, but there are considerable differences between the two. In light of the fact that hedging doesn’t work with binary options, that is indeed quite a blessing. The Straddle approach is about the placing of two trades, some time apart, to counteract the effects of unexpected volatility. Additional indicators are used too, in order to foresee the up and down movements induced by volatility. In certain cases, the Straddle strategy may in fact lead to the doubling up of one’s profits, but again, its primary mission is to limit one’s losses.

Support and resistance levels have been used for the trading of binary options since essentially the very beginning. The concept of support and resistance draws its legitimacy directly from the actual trading moves made by the institutional and retail traders involved in the trading of a given asset. Support levels are essentially price-levels from which the price repeatedly bounces off when headed downward. Resistance levels are similar ceilings, from which the price bounces off when headed upwards. This strategy is looking to cash in on these bounce-offs resulting from these support and resistance levels.

Become A Millionaire

Have a predefined objective

Do not set goals which are unattainable. Have some goals with clear vision. For instance, you can fix a particular date, that on that day, you will clear off all your debts and become financially independent. Likewise, make yourself a promise that each month you will be saving a particular amount of money.

Expand your budget

A budget or a financial plan is normally a collection of aspirations & dreams. It is a chart of your destination as how you wish to utilize the money for the benefit of your family. Hence devise a budget with clear goals. Evolve your budget with more financial goals which will ultimately lead to prosperity.

Curtail your expenditure

Reducing your expenditure is a vital strategy which you must follow so as to become financially independent. A majority of the successful millionaires lead their lives less than their means, which you must also pursue.

Start investing and augment your assets

You must begin investing and increase your assets in the form of stocks & buildings. These assets will increase the value your wealth into manifolds over a period of time.

Financial Virtue

Persuasive advertisers often encourage you to buy their products with a sense of urgency, as they insist that you can’t afford to miss out on the latest fashions or their amazing sales. When you’re spending your money, sometimes you may feel under pressure to act quickly to get the best deal.

Most times, applying a little patience when spending will not let you miss out on must-have items or a once-in-a-lifetime shopping event. In fact, taking your time and thinking twice before you hand over your money can help you to avoid making impulsive purchases that you may regret in the future.

Before you commit to any purchase, ask yourself if it is the best use for your hard-earned dollars. Are there more important purposes to which your funds could be allocated? If you postpone your purchase until the following day, you may actually be relieved that you didn’t give into the desire to spend.

Defer getting into debt

Lending companies also promote the idea that you don’t need to wait for what you want, as you can attain all the items on your financial wish-list if your credit rating permits you to borrow. The concept of saving to obtain the finer things of life is almost obsolete, as your dream is just one loan away.

Experience has taught me that consumer debt is easy to get into and extremely hard to come out of. If you used your credit card to buy the latest high-end smart phone and your bank account is empty, you should be questioning your priorities. Is it worth paying loan interest just to keep up with the Joneses?

Instead of borrowing to buy luxuries, save for them or try to increase your earnings to match your desired lifestyle. Once you have fallen into the debt trap, it will definitely require a lot of time and patience for you to extricate yourself and get back on the road to financial stability.

Slow but steady savings

Another area in which you have to exercise extreme patience is with your savings growth. With the low interest rates currently available on savings accounts, some people choose to forgo saving to spend, or look for more lucrative ways to turn over their money for profit.

Apart from the fact that saving teaches you about making sacrifices and builds discipline, the act of saving is essential to create a store of money for emergency purposes. You also need to save to amass lump sums that can be used for goals such as the down payment on a home.

To get the most from your savings, opt for term deposit accounts that may offer higher interest rates, and ensure that the interest you earn is added to your principal every month. With lots of time and a little patience, the magic of compound interest will allow your savings to grow exponentially.

All about Money Changes Hands

There several different ways how money can be and can become an object. One scenario is if you needed funds back had a lack thereof, then that creates financial challenges. The second scenario is, if you have the funds available and you have access to it; to do want you want to do without hesitation of wondering where the funds would come from. Another scenario is if you have hired someone for certain services and have not compensated them according to the agreed amount for their labors, but you have withheld their wages, then this is fraud. James gives and ample warning to the rich who use these negative business transactions. James 5:1-6. We are to become wise stewards of all God has entrusted to us.

There is nothing wrong with having more than enough in material wealth. However, if the use of your financial status are not benefiting the need others, then as someone who has more than enough, you have missed the mark, because it is more blessed to give than to receive. Acts 20:35. Back in the early 70’s the American pop group the O’Jays had a smash hit record titled “For the Love of Money.” “It will keep on changing up your mind,” were some of the lyrics to this particular song. Don’t let money change or fool you; it do what it does, come and go.

Money itself is not the problem; it is a great tool to have access to, we cannot do without it. “For the love of money is a root of all kinds of evil, for which some have strayed from the faith in their greediness, and pierced themselves through with many sorrows.” I Timothy 6:10. Who do you love the most; God or the money He has allowed you to have access to? “Lay up your treasures in heaven where neither moth nor rust destroys and where thieves do not break in and steal. “For where your treasure is, there your heart will be also… You cannot love God and mammon