“Heat map”
Binary options strategies are based on the price readings of the asset, which are displayed on the chart. Traders, trading on strategies, rely on indicator signals or price action (price action). In this article, we will look at how you can receive signals for trading binary options using a third-party resource – a heat map.
This binary options strategy is called “Heat Map” because when making a decision, we use a map of the behavior of an asset in relation to other assets. The strategy is very easy to use and suitable for both beginners and professionals.
To get started, you need to follow the
Heatmap
link.
The principle of the strategy
This simple but profitable strategy is based on the readings of the card. To make a decision, we use only bright red or bright green colors:
- The red color indicates to us that the price of the currency pair has fallen very much, there should be a rise soon ( ↑ ).
- The green color indicates the opposite direction: the price is very high, and it is unlikely that anyone will buy at such a high price, most likely it will fall ( ↓ ).
Example 1: Currency pairs CHF/USD, GBP/EUR, CAD/EUR, JPY/AUD, CHF/AUD, CAD/AUD – green means buying options DOWN ( ↓ ) for 30 minutes.
Example 2: Currency pairs USD/GBP, CHF/GBP, CAD/GBP, AUD/GBP, JPY/RUB – red means buying options UP ( ↑ ) for 30 minutes.
The heatmap shows the general attitude of traders towards the asset. If interest in the asset grows, the price will rise, if not, the price will fall.
Legend:
The dark green color of the column is the pair above the previous high bar.
The bright green color of the column is the pair above the close of the previous bar, but below the maximum.
Gray color – the pair showed a flat.
Pink color – the pair is below the close of the previous bar, but above the low.
Bright red color – the pair is below the low of the previous bar.
Binary options strategy “Heat map” at the broker FiNMAX
For productive trading on the strategy, we recommend choosing a reliable broker FiNMAX. For its users, the broker offers advanced features for working with binary options.
Trading in a modern terminal, you can take advantage of expiration (from 30 seconds to six months), available indicators, types of charts, detailed analytics and transaction history, training materials. You can see what the terminal workspace looks like in the image below. Explore the broker’s capabilities by going to the finmaxbo.com website.
A detailed review of the FiNMAX broker is here.
Go to the official website of the FiNMAX broker here.
In order to buy a
CALL
option in the Finmax trading terminal, follow these steps by going to the finmaxbo.com website and preparing the option, indicating:
- Type of asset
- Expiration
- The size of the bet
- Forecast of quote movement: UP
- Click the “buy” button and follow the results.
In order to buy a
PCI
option in the Finmax trading terminal, follow these steps by going to the finmaxbo.com website and preparing the option, indicating:
- Type of asset
- Expiration
- The size of the bet
- Forecast of quote movement: DOWN
- Click the “buy” button and follow the results.
FiNMAX broker bonuses up to 100%
The official FiNMAX website offers many lucrative promotions and special offers to its users, which you can get acquainted with here. Promotions and bonuses save the trader’s personal funds, making binary options trading with a broker much more effective.
Tournament on demo accounts from FiNMAX
Free tournaments of the official FiNMAX website are held for those market players who have a demo account on the broker’s platform. The tournament is organized with the aim of supporting talented market players, giving them the opportunity to receive prize money for further trading without replenishing the deposit. So, the broker makes trading possible without personal investment. The main condition for participation in the tournament is the availability of a demo account. Both options beginners and professionals can participate in the event.
Participate in the FiNMAX tournament
Tagged with: Binary Options Strategy
