Simple strategy for binary options: Bollinger Bands, CCI and vfxAlert signals

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 Simple strategy for binary options: Bollinger Bands, CCI and vfxAlert signals Binary options require discipline and a clear system. In the new article, we analyzed a strategy that combines classic indicators and modern signals, which allows you to reduce the number of false entries. 🔹 Strategy indicators: Bollinger Bands (15,2) - help determine the trend and support/resistance levels. CCI (20) - a momentum indicator, confirms BB signals. 🔹 Entry signals: SELL: price at the upper BB border, breaks the middle line downwards, CCI < 0. BUY: price at the lower BB border, breaks the middle line upwards, CCI > 0. 🔹 Trading recommendations: Avoid trades 30 minutes before and after the news. Open several options with different expirations during the trend. Use early closing on opposite signals. 🎁 Readers can use the binarystrategy promo code for a 60% discount on the vfxAlert service. 👉 Read more in the full article: https://blog.vfxalert.com/en/t/simple-binary-trading-strategy-...
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Cross pairs

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Unlike major currency pairs, which include the USD as one of the currencies (such as EUR/USD or USD/JPY), cross pairs involve two other major currencies traded against each other. For instance, EUR/GBP or AUD/JPY are examples of cross pairs.


Cross pairs offer traders the opportunity to diversify their portfolios and capitalize on currency movements without involving the US dollar. 


Watch video on how to trade cross pairs 




Factors influencing currency movements such as economic data, central bank policies, geopolitical events, and market sentiment all play a role in determining the exchange rates of cross pairs.


One advantage of trading cross pairs is the potential for diversification. By incorporating currencies from different regions, traders can spread their risk and reduce their exposure to specific economic or political events affecting one country or currency. For example, if a trader believes that the Euro will strengthen against the British Pound, they can go long on EUR/GBP without needing to consider the US dollar's performance.


However, it's essential to note that cross pairs may exhibit lower liquidity, particularly during off-peak trading hours. This can result in higher trading costs and increased volatility, which may not be suitable for all traders, especially those with smaller trading accounts.




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