How to Trade Binary Options with Binarium?

What is a Binarium?

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Binarium, an online broker established in 2012, provides access to trade binary options in currencies, commodities, indices and cryptocurrencies.

Client funds are safely held in segregated accounts, which means that the money of traders is held in European banks, separately from the broker accounts. Binarium is a perfect option for novice traders, who want to start their professional career with binary options that are simpler compared to Forex.

Top Binarium Strategies

Here are some of the best Binarium strategy 2023:

Gap Trading Strategy

Gap Trading Strategy is one of the simplest binary trading Binarium strategies that can be used to make significant profits on currency exchange and stock exchange binary trading. Exchange trading is open only during business days, i.e., Monday to Friday.

Closing and the opening price can significantly change over the weekend, opening with a rate break on Monday, which are termed price gaps. While preparing for the week opening, these gaps offer profitable opportunities at the beginning of the trading week and expire within 15-20 minutes.

The Pinocchio Strategy

The Pinocchio strategy, another simple binary trading strategy for newcomers and professionals, is applied when the trader assumes that the price of a particular stock will increase or decrease but is unsure about the direction. The traders place the trade as a call or put option, depending on the assumptions, and if the price moves in the desired direction, then the trader makes a profit.

This strategy aims to look for pin-bar candles, and traders need a candlestick chart to use the Pinocchio strategy.

The Strategy of Using Candlesticks

Candlesticks pattern is an advanced Binarium binary options strategy where different candlestick patterns predict price movements. Some most opted candlesticks pattern in binary trading suggested by Binarium includes-

Absorption Strategy

Photo: Absorption Strategy

The easiest binary trading strategy for beginners is the Absorption strategy, which works on a particular combination of candles where each candle is bigger, from the lower to the higher point than the previous one.

However, following the candlestick chart and opening the correct type of transactions at the right moment is essential in the absorption strategy.

Three-Candles Strategy

Photo: Three-Candles Strategy

Another simple binary trading Binarium strategy for beginners, the Three-Candles strategy, is based on patterns which consist of three-consecutive long candlesticks that opens with the previous candle’s real body and a close that exceeds the previous candle’s high.

The Trend Following Strategy

As the name suggests, trades in the trend-following strategy follow the trend and are one of the most popular and easy binary strategies for beginners to implement. Trades with this strategy are inclined towards the market direction: to buy when the price increases and sell when the price begins to fall.

If the trader identifies the trend and implements traders according to it, they can draw profits from trading. When opting for the trend-following strategy, it is essential to note that this set of rules cannot be used to aim to forecast or predict and are usually effective on daily charts, 4-hour charts or other extended time frames.

Apart from these options for simple binary trading strategy for beginners, the Stochastic Indicator and Fibonacci Retracement Strategy are a few advanced binary trading strategies on Binarium; expert traders can use that for profitable binary trades.

Fundamental Analysis

In the fundamental analysis strategy, traders assess the assets’ price by considering related financial and economic factors. Traders study the micro and macroeconomic factors, the company's overall state, the industry's strength, the financial performance of the company issuing the stock and other related data recorded from the company’s financial statements (in their quarterly and annual reports).

A fundamental analysis strategy helps traders find the real market value of the company. If the fair market value is lower, the stock is overvalued, and if the fair market value price is higher than the market price, then it is deemed undervalued, and a recommendation to purchase is given.

The Hedging Strategy

The hedging strategy is an advanced risk management strategy that involves selling and buying the asset, both against and with the trend (when the market is rising and when it is falling), which helps reduce the risk of loss in a current position.

A hedging strategy helps mitigate potential losses for an existing trade when it moves in the opposite direction than assumed. This strategy is more challenging than others and needs to be implemented with proper research.

The Straddle Strategy

The Straddle strategy is a neutral options strategy that involves purchasing both the call and put options of the particular asset with the same expiration date and strike price.

Traders opting for the straddle strategy will profit from long straddles when the security price falls or rises from the strike price by the total amount of the premium paid. And the profit limit is unlimited as long as the security’s price moves.

Which is the Best Binary Strategy For Beginners?

Some of the best binary strategies 2023 for beginners, according to Binarium, are the gap trading strategy, the Pinocchio strategy, the strategy of using candlesticks, and the trend-following strategy.

However, a beginner trader is usually unaware of the financial markets and related details. Therefore, it is essential to search and opt for a strategy that is easy to understand and follow.

Furthermore, to find the best working strategy for Binarium for binary trading, traders can test mentioned binary trading strategy options on the Binarum demo account to draw consistent profits from the trades.

Expert Tips To Improve Your Binary Trading

Is Binary Trading risky?

Risk is always involved in binary trading despite using the best strategies. These are the riskiest contracts in financial markets, and many countries have regulated binary trading as gambling.

Therefore, it is advised only to invest the amount an individual can afford to lose and always consult a financial advisor before implementing any investment decisions.