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Trading Binary Options: Strategies and Tactics by Abe Cofnas

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CHAPTER 5

Basic Technical Analysis

This chapter reviews basic technical analysis that will help shape binary option trading. If you are a beginning trader, going through the key technical analysis steps will help you develop core skills that can be applied in any market. Binary option trading is an ideal place for a new trader and this chapter provides a review of basic technical analysis concepts and techniques that will help improve the skill level of the binary option trader. The more experienced trader can use it as a quick review or skip these sections.

Confirming fundamental conditions through technical indicators is a key phase for preparing to trade binary options. Beginning traders have a tendency to anchor their trades on one indicator ...

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