<br>With simple fibonacci levels you can find trading opportunities.The most important fibonacci levels for me is 161.8 , 127 , 61.8 and 78.6. Many times in these levels we have bounces of the price. Also, many harmonic patterns are created by these levels.<br><br>In this article I am going to say and explain some useful and simple strategies for newbies.If you do your research out there you will find so many strategies which promise fast and sure profit. Their creators describe them as the “holy grail” and many times it needs to subscribe to take a strategy with its indicators without knowing if this strategy really works.Many of them don’t work or they work for short term periods and they don’t have added value in the long term run.From my experience,you can find all these paid strategies for free and finally there isn’t something special about them.Now, I am going to explain you some solid and simple strategies which are based in logic and in reality.<br><br>Forex options or Binary Options 24 7 options are not regulated in South Africa, None of regulated South Africa brokers offers it. However, binary options itself are not banned in South Africa and there are firms in SA or offshore brokers offering binary options to South Africa traders. Yet, we do not recommend signing with any offshore brokers for the reason of low trust.<br><br>The most popular strategy especially for the new traders is “Support and resistance”. You should identify the right spot and you can take call trades in a support area and put trades in a resistance area. How can you identify these areas? There are several ways.One of them is to notice how the price acts in older areas and trying to predict the price movement when the price comes back to these areas.This is the whole value of technical analysis.Predict the future by studying the price behaviour in the past.<br><br>Many among us would also ask the same question. While i get deeper into this topic, I become more familiar for it. A currency trading course is a course taken by potential traders buy to the art of trading. In here may learn the basics and the particular advanced lessons you need to master. Students or traders that undergo these courses come in variety. There are beginners, intermediate and sometimes experts.<br><br>It is important to choose the most suitable broker to enter the binary options market. When choosing a trading platform, choose an online broker that has a proven track record and is licensed. You should also choose one that offers the best customer support. There are brokers who only offer email support, as well as those who offer phone support.<br><br>In the chart above you can see trading opportunities, puts in the previous resistance and calls in the previous support when the price comes back to test again this area. The best market for this strategy is a ranging market in which S&R keep the price into a channel.In a trending market we have many S&R breaks and this means that here these levels can’t keep the price down or up.<br><br>Look at this chart. We have leg 1-2 , a down movement of the market.After that we have leg 2-3 an up movement of the market.Many times like this chart, the price makes bounces in levels 161.8 and 127. These are good physical levels for S&R.You can combine them with an Overbought area for puts and an oversold area for calls (with RSI or a value chart) or with previous S&R in these fibonacci levels and you a high probability setup.<br>This is just one example, covering one market and option duration. Binary option contracts are available with five-minute, twenty-minute, two-hour, daily, and weekly durations. This gives you an additional choice to make when picking your market; it will depend on your trading style, the markets you favor, and the economic events coming up. Durations can clearly be seen next to each underlying market in the Nadex platform.<br>To get started with binary options we recommend to learn more about binary options and risks involved, also navigate categories and select broker that offer your trading need and available at your region, also compare Forex Broker Reviews.<br><br>A separate type, which does not require a deposit to the account, are no deposit bonuses. These can be 50 or 100 no deposit bonuses in binary options. They are given to all new clients, without making a deposit, just for registering. You will not be able to get your hands on these funds straight away, you will first have to wager them. They are given to the trader to get acquainted with the broker, the platform and the options in general.<br><br>Standard Put/Call. This is the simplest type of option, which fully repeats the principle of exchange contracts. The player has to make a prediction about the direction of the market by making a simple choice: up or down. If at the moment of contract execution, price data changes at least by 1 point in the right direction, the trader will get a fixed reward. In the opposite case, he will lose 100% of his bet. One Touch. The One Touch Option is designed in such a way that to win, the quote must only touch a strike level, and how the quote will behave in the future is not important. As soon as the price of the underlying touches a certain level, the option is regarded as won, regardless of how long there is left to expire. Range options are used for low volatility assets. Range offers the player to choose a price range in which he or she believes the quotes of the asset will move or will move out of it. Range is essentially a modified One Touch, as the quotes must not only touch a certain level, but also stay there until the expiry date. Pairs. Such binary options are traded according to the classic rules. Their peculiarity is the unusual asset, which is offered by the brokerage company to its clients. Currency pairs can be found at all major brokers. However, in this case, we are dealing with other combinations of investment assets. For instance, the price relations of precious metals can be discussed. In this case a new asset Gold/Silver appears.<br>