Live Binary Options Chart

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Binary Options Charts – Free Charting

Binary options charts have not always been of high quality when delivered direct from brokers – as discussed in more detail below. That is changing however, particularly with established CFD and spread betting brokers entering the binary options market.

Live Binary Options Chart

Brokers with Charts

Some brokers now offer high quality binary options charts for traders, and ETX Capital and IQ Option also deliver MetaTrader 4 integration.

IQ Option $10 91%* » Visit

Where to get more charting

If you have used any of the binary options broker platforms, or you are just a beginner who has looked around one or two of the platforms, one thing will stand out in a glaring fashion: the absence of interactive charts. Charts are the mainstay of technical analysis in the binary options market. Without charts, there would be no analysis of assets for trading opportunities, and without analysis, the trader would essentially be gambling.

It is important for the trader to know where to access charting tools for trade analysis, as these will provide the trader with information for an informed trade decision when trading binary options assets. In this piece, we will identify some places where traders can get charting tools in order to analyze the markets and trade profitably.

Charts Explained:

Chart Sources

Chart sources are of two types:

a) Online charts are web-based charts available from the websites of certain brokers and software vendors. These charts generally do not provide a lot of flexibility in terms of interactivity and the tools that can be used with them. For the purposes of binary options trading, it is not recommended to use online charts.

b) Downloadable charts as the name implies, can be downloaded either as part of forex trading platforms or as software standalone plug-ins. They are the best for the purposes of analysis of assets for binary options trading since they come along with many tools that augment the results of analysis. They are the recommended chart software for binary options analysis.

Some of the charting sources will provide free access to the charting tools. There are some which are free but will require some paid plug-ins to work, and there will be those that come in a complete package that has to be paid for 100%. Some of these charting sources for downloadable forex charts that are used for binary options analysis are as follows:

aa) FreeBinaryOptionsCharts.com

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
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  • Binomo
    Binomo

    2nd in our ranking!

FreeBinaryOptionsCharts.com has an easy to use (and free) binary options chart. They also have a great guide for beginners about how to use binary options charts. This is Mifune’s site and so the quality of the strategy articles is very high.

a) Forex Charts Widget v1.7

Developed by Chris Craig and available for a free download from Softpedia, the Forex Charts Widget v1.7 is a downloadable chart software that allows the user to view the currency charts for several pairs. The user will have the ability to choose the time frame and apply a set of indicators that come with the plug-in.

b) MT4 Charts

Probably the best source for free charting information and interactive charts is the MetaTrader4 platform.

This platform is available from almost every market maker broker in the forex market that there is. However, there are a few worth mentioning due to the fact that they have a more comprehensive asset base that matches the binary options asset index.

Ideally, you should download the MT4 platform of a broker that has more than 40 currency pairs, all the major stock indices (or at least 8 of them), stocks and the spot metals (gold and silver, sometimes listed as XAUUSD and XAGUSD respectively).

Examples of the MT platforms that you should use for your charts are those from FXCM, FxPro, Finotec and Forex.com. Virtually everything that you need for charting is found on these platforms. The best part is that it is all free and can be obtained when you download the MT4 platform and create a demo account. Another beautiful factor that works in the MT4’s favour is that the MQL programming language on which the platform was built supports the building of EAs, indicators and software plug-ins that aid in signal generation. These signals can then be exported to the MT4 platforms. Check out our MT4 guide in the forum for more info here or watch this video which explains some tips and tricks for MT4:

c) Interactive Brokers Information Systems (IBIS)

The word “interactive” in this broker’s name says it all. Interactive Brokers has one of the most comprehensive charting platforms for technical analysis. The Interactive Brokers Information System (IBIS) platform provides institutional level charting facilities. The charting facilities on IBIS boast of 22 configurable technical indicators, an alert wand that supports alert creation, and allows traders to use any of the three chart types (bar chart, line chart or candlesticks). The package comes at a cost though. Users have to subscribe to its use at a cost of $69 a month.

d) My FX Dashboard (from OFX)

This forex charting service from OFX allows traders to conduct lines studies, use indicators,etc. This software is not downloadable, but is a Java-enabled web-based application that allows users to switch between basic charts and advanced charts. This charting software is coded with EasyLanguage, which is the programming language that powers FXCM’s TradeStation, so you can also use it as a software plug-in on FXCM’s flagship trading platform.

e) MultiCharts

Multicharts is a downloadable chart software that provides high-definition forex charts on 30 different currency pairs in partnership with TradingView. The charts also have a web-based version. Traders can utilize several time frames that span from one minute up to one month. Developed by MCFX, the MultiChart charting and trading platform is a robust package that even has a unique ODM chart trading feature that zeroes down on the exact price that a trader wants to execute his trade on, tags it and uses this information to remind the trader about the trade if there is a lag in time between signal generation and trade execution.

f) Free Stock Charts

Nuff said. Click here for free stock charts. (Go To “Help” in FreeStockCharts.com and view the video tutorial, it is very helpful for beginners.) Looking for Candlestick view on fsc.com, go to top left of chart and click on Price History in green then click Edit, then change the “Plot Style” from HLC Bars to Candlestick and click “OK.”

There are many other sources of charting information for use in generating binary options signals. It is up to the trader to decide on which one to use based on cost, ease of use and other parameters tailored to taste.

Live Binary Options Chart

Why using the binary options chart is so important for trading

Before you start trading binary options, digital options, CFD, ETF or forex, you need to use the technical analysis tool. In this case, our tool will be a live chart, which we will use for forecasting. Analysis in trading of any financial instrument is the most important aspect. Sometimes the possibility of technical analysis in different brokers is too limited. Many strategies for trading binary options that need more functionality can not always be applied using technical analysis of the broker. To do this, on our website, you will find quality tools for improved technical analysis, as well as an online chart for trading binary and digital options.

How to use a live schedule for trading options

Learn how to use the chart in full you may take some time. Be prepared for this. In order to use this graph you will need to know what it is to use. Typically, novice traders use one asset or a currency pair in one trading session. To do this, you will need to study the elements of the graph, their meaning and for what they answer. These basic elements include:

– Select an asset or currency pair that we will track.

– The type of the chart on which our analytical data will be displayed

– Indicators that will help you and do part of the work for you.

– Auxiliary tools for working with trend lines, various patterns, tools for taking notes and planning the opening of a long-term trading position.

Selecting an asset or currency pair for trading

To do this, you will need to use the box to select an asset or currency pair. Then, in the menu that appears, select the asset or currency pair you want. As a rule, the names of assets have reductions, which you can easily learn to decipher with time. On the schedule you will be available most of the necessary information in order to carry out a technical analysis of the asset you need. Also for more experienced traders will be available simultaneously to track the selection of more than one asset. In this case, you can build your own risk management more effectively.

Select timeframe

The next field with which you should learn to work is the field of time frame selection. As a rule, you will be able to track the timeframe of the asset you need from one minute to one month. The choice of the timeframe depends directly on the knowledge and manner of trade of the trader. Also, no matter what type of trading system you use. For trading on short positions, do not focus on one timeframe, choose several to check and get the right technical analysis data. For trading on long positions, use the appropriate timeframe.

Choose the type of graphic

The type of the chart is one of the important moments when applying certain trading tactics of trading options, forex and CFD. In the charting tools, we will have bars, line charts, candles, dots and shapes available. This list is not complete, since it directly depends on the vendor, which provides technical analysis tools. For each type of chart, you can use different types of signals that are available when you select a certain type of chart.

Select the Indicator

Indicators – this is one of the most important parts of the whole process of working with live options charts. Indicators help to decide when you should open or close your trading position. Also, the use of indicators should be reasonable. Do not use many indicators on the same chart. This can misinform you, because there will be too many elements on the chart and it will be much harder to distinguish between them. In order to avoid this, learn how to use the indicators you need individually. Only then use them in a bundle, or according to the requirement of your trading scheme. If something does not work as you want, you should just refresh the page and wait for the graph to load. After that, make the necessary settings in the schedule.

Auxiliary tools

In the left part of the graph you can see many different icons. In most cases, these are notation of additional tools. They use a lot of experienced traders. You can use these tools in conjunction with your main ones that you use. Use of these tools is possible for trading binary options, digital options, forex, CFD and ETF. We will not list these additional tools, since each graph has differences in functionality from the other.

Reliability of data

The validity of the online binary options trading data is very important. You need to use online graphics from trusted providers that have already been tested and have good reviews among users. If there is no such information, then check the online graphics data in real time with the schedule provided by your trading platform. They must coincide. But there is another side. Unscrupulous brokers independently distort the given schedule of quotations to earn on trustful traders. Better check than write another negative feedback about binary options and forex.

Where can I find live graphics?

There are charts online and offline. They can be found on many sites dedicated to trading binary options and forex. For trading binary options, analytical charts that have already been used for trading in the forex market are suitable. The most popular places where you can find live graphics:

Free Binary Options Charts

Now let’s get on to the actual charts and how to use them. Good luck on the “trading floor” when you use these charts in your next trade!

Tick Chart

The tick chart is a line that shows every movement the price has made. Typically these charts only show a few minutes of data since the price is constantly moving. The price point at the far right is where the price is at now, while the data to left is where the price was at times prior.

The advantage of this type of chart is that it shows all the price movements over the last several minutes. The downside is that you can’t see any price data further back than that. Being able to see more data allows you to see if there is a trend (a sustained price move in an overall up or down direction), or any chart patterns developing.

On a binary options broker site you will see this type of chart if you click an asset and choose an expiry time that is fairly close, such as 5, 10 or 15 minutes away for example.

Figure 1 shows an example of a tick chart.

Figure 1. GBP/USD Tick Chart

The chart shows roughly 30 minutes of data, and the black horizontal line represents the current price. The red vertical line indicates when the option expires.

Over this timeframe we can see that the overall price trajectory is down, as each move higher is lower than the last, and each move lower reaches a lower price.

Line Chart

A line chart looks very similar to the one shown above; you’ll see a continuous line moving from left to right across the chart.

The tick chart is also a line chart, except that the tick chart shows you all the price movements since it only shows a short of amount of time. A line chart does not; this will be explained in a moment.

If you want to see more data –such as the price movement over hours or days–then you can use a line chart. Lines charts “summarize” the data, so you can see longer periods of time.

Typically you will see this type of chart when you click on an asset and choose an expiry time or date that is further out, like several hours or the end of the week.

By selecting an expiry that is further out, you’ll notice that the values along the x-axis shift from times to dates. Figure 2 shows an example of this. The expiry is not shown since it is a couple weeks into the future.

This chart looks very similar to figure 1 (the tick chart), but the x-axis has changed so that you can how the price has moved over a longer period.

Something else is very important though. Unlike the tick chart, with a line chart you don’t see every movement. The line chart only reflects the closing price for each interval the chart uses (unknown in this case since the brokers typically do not allow you to configure your own charts). The closing price is the last price at the end of defined period, such as 5 or 15 minutes for example. For every 15 minutes (or other internal) only the close is recorded on the chart, and then each close is linked to each other creating a continuous line.

This “summary” data makes it easier to see trends and doesn’t bombard you with too much information. The drawback is that you may not be trading with all the information you need. To explain, we’ll look at one more type of chart…

Candlestick Chart

Figure 3 shows a different style of chart, which shows more data, called a Candlestick chart. The candlestick chart below only shows the data from 15/08, the last couple days shown on the line chart (figure 2).

Figure 3. EUR/USD 15 Minute Chart

Each bar on this chart represents 15 minutes. If the bar is green it means the last price in that 15 minute period was higher than the price at the start of the 15 minutes. If the bar is red, it means the last price is lower than the first. The “fat” part of the candle represents the open and close. If the bar is red, then as indicated before the close is lower than the open. If the bar is green then the close is higher than the open. The small “wicks” coming out of the tops and bottoms of some of these candles represent the high and low points reached during that 15 minute time period.

As you can see, this chart shows more information, and in a more visual way. I have noted one important distinction on the chart. After the price surged near the middle of the chart, a decline followed it (sizeable red bar), which was then followed by another green bar. On the line chart in Figure 2 you can’t see this. The line chart makes everything look clean, while in reality this chart shows that the market is typically more jerky. And each of those jerky movements could be the difference between losing and winning.

Final Word on Using Charts

For short-term trading, such as expiries of about 5 minutes or less, use a tick chart. Ideally though also check out a longer-term expiry so that you can see what the asset has been doing over the last several hours or days as well. The best trades are typically when you can get multiple chart time-frames to line up. For example, you see that the trend over the last several days is up, and the price is also moving up on your tick chart. Sometimes simple is best, but if you want to get more advanced with your analysis you may want to check out candlestick charts. Since most brokers don’t offer these you’ll need to source them from somewhere else on the web.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

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How To Start Binary Options Trading 2020
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