Binary options trading strategy «Follow the Money»
Beginner traders often clutter their charts with numerous indicators, arrows, and alerts in the hope of improving their decision-making process. However, contrary to popular belief, inundating oneself with excessive information doesn't necessarily result in better trading outcomes. In fact, simplicity often proves to be the key to achieving consistent profits in the trading arena. Instead of drowning in complex indicators and signals, it's better to focus on a select few simple yet effective tools to guide trading decisions. For instance: Parabolic SAR: This tool helps determine short and medium-term trends. Points below the price and pointing upwards indicate an uptrend, while points above the price and pointing downwards signify a downtrend. Donchian Channel (DC): Horizontal DC lines indicate a ranging market, while a breakout of central lines signals the end of the range. Wide ranges may present trading opportunities for retracements from channel boundaries, but this appro
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