Benefits of Silver Trading
Silver is a highly sought-after exchange-traded asset, trading binary options on silver brings traders a good income on a daily basis. It is perfectly traded on many exchanges, its quotes change around the clock, which allows you to earn at any time of the day.
Trading results directly depend on the ability to predict the price, for this traders use technical analysis tools, especially productive Bollinger Bands, Accumulation / Distribution, RSI, MA. Let’s take a look at the MA strategy available to all traders.
Silver Trading Strategy
One of the simple binary options strategies for trading silver. Trading takes place on 15-minute timeframes (time intervals), although it is not intended for turbo trading. The silver options strategy is suitable for traders of any experience and training, even novice market players will be able to start making decent money.
Features of the strategy
- In order for the signals to be reliable, the Exponential Moving Average EMA indicator is used (period – 10; closing prices).
- The signal for trading is a breakout.
- Expiration – up to 30 minutes (open a deal for the next expiration).
Buying a CALL option
The price should cross the moving average from bottom to top:
Buying a PCI option
Price should cross the moving average from top to bottom (example in the image above).
Silver trading with Olympus Trade broker
For reliable silver trading, we recommend working with the Olympus Trade broker. The company offers its user a functional terminal with a convenient personal account, detailed analytics, an expanded set of indicators, the ability to choose options and expiration (from a minute to an hour), as well as up-to-date market reviews and an economic calendar.
You can get acquainted with real reviews about Olympus Trade here. You can see what the terminal workspace looks like in the image below.
A detailed review of the Olymp Trade broker is here.
Go to the official website of the broker Olymp Trade here.
In order to buy a
CALL
option in the Olymp Trade trading terminal, follow these steps by going to the olymptrade.com website and preparing an option by specifying:
- 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 Olymp Trade trading terminal, follow these steps by going to the olymptrade.com website and preparing an option, indicating:
- Type of asset
- Expiration
- The size of the bet
- Forecast of quote movement: DOWN
- Click the “buy” button and follow the results.
Start trading with Olympus Trade
Bonuses of the broker Olymp Trade
Working with Olymp Trade is profitable, the broker constantly holds promotions and bonuses for its clients. Thanks to such additional opportunities, the chances of earning decent money increase without risking your personal funds.
Now the broker offers to take advantage of a profitable starting bonus for newcomers to the platform, which will double the deposit. The amount of the bonus depends on the amount deposited (according to the terms of the promotion).
Tagged with: Binary Options Strategy
