Binarium Traders’ Choice for Buying and Selling: How Is this Strategy Used in Trading?

Binarium Traders’ Choice Strategy

Foreign exchange trading enables traders to use not only technical and fundamental data, but also the psychological market factor. The traders’ choice indicator is useful here, because it graphically presents the most popular options at any given time. For example, if 1,000 traders are currently making transactions: 800 of them are placing call options while the other 200 are going for put options. The bar indicator is expressed as a percentage: 80% in green and 20% in red.

Why Choose Traders’ Choice Strategy?

The trading strategy using the traders’ choice indicator is classified as the simplest since it does not require profound analysis. The indicator reflects one of the main market factors — the choice of trading participants which affects the chart’s behaviour:

• assets’ buying volume is higher — the price is going up;
• asset’s selling volume is higher — the price is going down;

How Is the Traders’ Choice Strategy Used in Trading on Binarium?

Let us use the example to disclose the essence of the strategy when trading with the traders’ choice indicator. You find the indicator on the right hand-side of the platform:


the bar indicates that 98% of the traders are currently buying call options:

when the bar indicator is mostly in red, traders are buying PUT options: 82% in the example:

the bar may also return a situation when the green-to-red ratio is approximately even — in this case it would be better to choose a different trading asset:

 

Trading recommendations for Traders’ Choice Strategy

• Chart time: 5 minutes
• Expiration: 15-30 minutes
• Investment: 2% of your deposit