Q: what is the forex market?
The 'Forex Market' is traded on a global scale as a decentralized market and it has a daily trading volume of $5.3 trillion. Currencies are important to most people around the world because currencies are to be exchanged in order to conduct foreign trade and business. For example when it comes to trading in the 'Forex Market', when you buy BRITISH POUNDS (GBP), you are buying a 'share' in the UK economy (although you are not buying anything physical). Therefore you are speculating that the UK economy is going to do well over time and if it does, you sell the 'share' back to the market ending with a profit. The exchange rate of a currency vs. other currencies is a reflection of the condition of that country's economy, compared to the other countries' economies.
Q: what is technical analysis?
Technical analysis is a methodology based on studying charts of past market action, using market statistics, predicting price movements for future market trends in order to decide a buy or sell on a particular instrument.
Q: what is fundamental analysis?
Fundamental analysis is the study of economic indicators in an attempt to predict future market conditions.
These economic indicators are:
These economic indicators are:
- Interest rate decisions and central banks' policy.
- Data from labour market in influential markets, such as the NFP (non-farm payrolls) in the US.
- Inflation data.
- ISM (Institute of Supply Management), IFO (Information and Forschung), retail sales, industrial production.
- Company earnings reports.
Q: what is binary options?
A type of option in which the payoff is structured to be either a fixed amount of compensation if the option expires in the money (PAYOUT: Positive $ return) or a zero return if the option expires out of the money (PAYOUT: $0 return). The purchase price of an option is the most you will risk or can possibly lose at one time per trade and the trading contract time frames range from 60 seconds to 23 hours (dependent on the broker). Basically, you receive a predetermined fixed profit, regardless of how far the market moves beyond the strike price (the price you entered into the trade initially).
What is a CALL/HIGH Option?
An option that provides the holder with a profit when the underlying asset rises in price compared with the level it was purchased at. In the event that the option expires exactly at the same price, the full original investment amount will be returned to the trader.
What is a PUT/LOW Option?
An option that provides the holder with a profit when the underlying asset falls in value relative to the purchase level. In the event that the option expires at exactly the same price, the full original investment amount will be returned to the trader.
- Select the asset you wish to trade & the time frame you wish the trade to last. Example: AUD/USD 5 MIN TRADE
- Click “HIGH” if you think the price will rise above the current level or click “LOW” if you expect the price to fall below the current level.
- Choose the investment amount you wish to trade with and click “TRADE.” Here you will see the percentage payout if you do win the trade, for example: AUDUSD 75% payout ($100 x 75% = $75 + $100 from your original investment entering into the trade).
- Wait for expiry to see if you win or lose the trade.
What is a CALL/HIGH Option?
An option that provides the holder with a profit when the underlying asset rises in price compared with the level it was purchased at. In the event that the option expires exactly at the same price, the full original investment amount will be returned to the trader.
What is a PUT/LOW Option?
An option that provides the holder with a profit when the underlying asset falls in value relative to the purchase level. In the event that the option expires at exactly the same price, the full original investment amount will be returned to the trader.
risk management
Limit your trades because when someone is trying hard to recoup losses or becomes greedy with the investment stakes, making successive bad trades can exhaust funds. Therefore it is wise for a trader to apply limits to the amounts on single trades to around 5%.
Protect your capital when you find yourself on a losing streak is to simply cease trading until market conditions turn around and begin to move in a direction more agreeable to the strategies put in place. However it’s far wiser to carry on trading with reduced investment amounts so that you are still in the hunt. In effect, a number of smaller trades may be more profitable over one larger one as it is not an all or nothing scenario. It is not necessary for all your trades to win to end in the money, whilst a single larger trade offers only one chance.
Stay focused, how you react can be the key difference between success and failure in binary options trading, which is why it is essential to stay focused with the setups put in place and avoid irrational trading veering off the plan as well getting greedy when you get on a winning streak.
Protect your capital when you find yourself on a losing streak is to simply cease trading until market conditions turn around and begin to move in a direction more agreeable to the strategies put in place. However it’s far wiser to carry on trading with reduced investment amounts so that you are still in the hunt. In effect, a number of smaller trades may be more profitable over one larger one as it is not an all or nothing scenario. It is not necessary for all your trades to win to end in the money, whilst a single larger trade offers only one chance.
Stay focused, how you react can be the key difference between success and failure in binary options trading, which is why it is essential to stay focused with the setups put in place and avoid irrational trading veering off the plan as well getting greedy when you get on a winning streak.
Q: what strategy do you use?
I'm purely a technical trader when it comes to 'Binary Options Trading,' I plot resistance & support levels on specific currency pairs when the market has ticked all the boxes for my setup to be triggered, I scalp those levels with trade contracts that has an expiry of 10-15mins with a potential return of 75-82% plus the initial amount invested into the trade.
If you're interested in trading with Charlie, scroll below and fill out the quick form. You will be contacted with all the information for Charlie's recommended binary options broker and be provided the necessary steps to receiving his trading signals.
If you're interested in trading with Charlie, scroll below and fill out the quick form. You will be contacted with all the information for Charlie's recommended binary options broker and be provided the necessary steps to receiving his trading signals.
RISK DISCLAIMER
Charlie will not be held liable for any loss or damage resulting from reliance on the information cotained within this website or any social media platform related with Charlie, information provided through trading signals with Charlie.
Binary option trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade binary options or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.
Binary option trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade binary options or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.
