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Binary Options are growing in popularity and the latest trading vehicle. It can become a tool for beginners and more experienced traders. Leading Forex educator Abe Cofnas presented this seminar to Vantage FX clients, giving them valuable insight to find what Binaries are, how traders can use them to complement their current trading, and why everyone is getting on board. You can view the presentation slides free here!
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MODULE 3 WEDNESDAY JULY 24 6PM-9PM
BINARY OPTIONS
PRESENTATION BY ABE COFNAS
An Introduction & Key Strategies
INTRODUCTION
¡ WHAT ARE BINARY OPTIONS?
¡ They are fixed payouts when you are right and zero payout when you are wrong.
¡ Limited risk to what your premium paid is.
¡ Known maximum return
¡ No Margin!
YOU ARE RIGHT OR WRONG
¡ THEY ARE BINARY BECAUSE THERE IS NO RANGE OF BEING RIGHT OR RANGE OF BEING WRONG. IT’S A SIMPLE YES OR NO ON RESULTS
THERE ARE TWO TYPES OF BINARIES IN THE MARKET
BINARIES ARE OF TWO KINDS TYPE 1- BINARIES WITH STRIKE PRICES OR LADDERS
TYPE 2: AT-THE-MONEY
TYPE 2- BINARIES THAT ARE AT THE MONEY
EASY TO ENTER A TRADE
REAL TIME IN THE MONEY AND OUT OF THE MONEY COLOR CODE
TYPES OF BINARY TRADES AT ENFINIUM
¡ HI-LOW ¡ BOUNDARY ¡ ONE TOUCH ¡ 60 SECOND
LET’S EXPLORE EACH TYPE OF BINARY AND ITS KEY FEATURES
HI-LOW BINARIES
¡ Will the price be Higher or Lower at Expiration?
¡ Choosing Direction for a Hi-Low Binary requires two decisions. First , direction, and then expiration.
Confirming Hi-Low Direction
¡ Choosing a Direction for a High or a Low requires a confirmation about the price pattern.
¡ Did the price just break through a Resistance or Support?
¡ Did the price fail to break through?
EURJPY HI-LOW WINNER!
AX-200 BINARY LOW
WINNER!
GOLD HI BINARY
WINNER!
CAN YOU MAKE MONEY WITH HI-LOW? YES!
MARKET CONDITIONS FOR HI-LOW SUCCESS
¡ CURRENT GLOBAL MARKETS CREATE SEVERAL IDEAL CONDITIONS FOR BINARY OPTIONS
¡ EVENT RISK REACTIONS PROVIDE REACTION-DIFFUSION CONDITIONS FOR PROJECTING PRICE DIRECTIONS.
¡ LOOK FOR PRICE BREAKS AS A DIRECTIONAL CONFIRMING INDICATOR
HI-LOW TRADING SIGNALS
¡ LOOK FOR BREAK OF A PATTERN ¡ LOOK FOR FEAR BASED MARKET REACTIONS ¡ LOOK FOR EVENT RISK SUCH AS FOMC, BOJ, ECB,
RBA, AND BOE ANNOUNCEMENT
BENEFITS OF HI-LOW BINARIES
¡ HI-LOW Binary Options Will Improve Your Trading:
¡ Improve Fundamental Thinking
¡ Increase Directional Accuracy
US CRUDE OIL BOUNDARY TRADE
¡ The Challenge on Trading Boundary Binaries is: ¡ Will the price be IN or Out of a Target Resistance or
Support.
BOUNDARY OIL TRADE
TACTICS FOR WINNING BOUNDARIES
¡ Focus on Swing Patterns ¡ Reduce Time left to Minimum
TOUCH – Catch A Tiger By the Tail
¡ CHALLENGE: WILL THE PRICE TOUCH A TARGET BY EXPIRATION?
A Critical factor for success is pattern recognition and detection of Momentum. Touch No Touch is a Momentum trade.
Best Conditions For Touch
¡ Right before News Events ¡ Right after a Break of Key Pattern. ¡ Best Pattern for Touch or No Touch is the Parabolic
Curve
EURUSD NO TOUCH TRADE
SHORT-TERM
¡ These are fast binaries requiring very good momentum analysis.
¡ NOT FOR BEGINNERS
TECHNICAL ANALYSIS FOR BINARY OPTIONS
¡ Renko Chart Provide a Promising Tool for Evaluating Price Action for Binary Trading.
¡ Let’s Explore this unique application.
LIVE TRADING
¡ LETS PUT ON LIVE TRADES AND APPLY WHAT WE HAVE LEARNED.
CREATE YOUR BINARY SCORECARD
¡ What is Your 10 trade Win/Loss Ratio? ¡ What is your Maximum Streak of Wins? ¡ What is your Maximum Streak of Losses? ¡ What is your Binary Option Strategy Mix?
CONDUCT ERROR ANALYSIS
¡ To Improve Trading Binaries, You Should Evaluate Your Losing Trades
Determine Causes of Error:
§ Error in Direction § Error in Timing
FOREX COACHING
¡ PERSONAL CUSTOMIZED SKYPE BASED COURSE.
FOREX ALERTS
¡ UNIQUE SIGNALS IDENTIFYING NEXT EXPIRATION OPPORTUNITIES
