New strategy for binary options: scalping on M1 with 3 indicators

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 ðŸ”¥ New strategy for binary options: scalping on M1 with 3 indicators If you trade with a small deposit and are looking for a simple but working strategy, this article is for you. What's inside: Only three indicators are used: Bollinger Bands, EMA and Awesome Oscillator Timeframes: M1–M15 (best of all — M1) Trades: for 3–5 minutes Works on all sessions (Asia, Europe, America) Suitable for both beginners and experienced traders 💡 The article also describes buy and sell signals, practical advice, as well as the nuances of using the strategy in manual and semi-automatic mode. 📌 Read the full article here : https://blog.vfxalert.com/en/t/a-simple-scalping-strategy-for-binary-options-trading
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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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