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Friday, November 28, 2014

Learn how to read a price chart

Analysis Tips:
How to trade Binary Options
1) When viewing the price charts start with the higher time frame and work your way down to the time frame you are trading. Always look at the big picture even when trading one minute charts.
2) Draw SUPPORT and RESISTANCE lines on the chart that are near to the price point you are trading. These lines are drawn where the price has reversed direction in the past.

3) Draw TREND lines to show trends in all time frames or at least a few time frames.

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