How to understand the human behaviour behind support and resistance levels

Opening and closing trading positions is the main task in trading. Before you decide to sell or to buy you have to conduct a profound market analysis. Various tools available on the Binomo platform will help you in this. But this is not all. Psychology, our emotions connected to our behaviour have also a great … Read more

How To Set Up and Trade Using Support and Resistance on Binomo

One of the most important indicators that all traders shouldn’t overlook is support and resistance levels. The concept is rather simple, but it can help out tons. In fact, if you rely mainly on technical analysis to trade profitably, there’s a large chance that you already trade using support and resistance right now. Simply put, … Read more

How To Trade Using RSI and Support/Resistance Indicators on Binomo

If you simply want to identify which price points a trend is likely to reverse, it’s recommended that you use Support and Resistance. However, if you want to determine which direction the price will take next, you have to use another indicator. Just using Support and Resistance, in this case, isn’t very effective. Using it … Read more

Guide to 30-minutes Derivatives Trading With SMA and Support/Resistance levels on Binomo

Trading is about making decisions. Decisions related to choosing an asset, technical tools or the length of the position. A trade’s duration very much depends on individual preferences and experience. But what are the advantages and disadvantages of holding a position open for a short or a long time? Firstly, short-lasting positions are risky because … Read more

How To Set Up and Trade Using Support and Resistance on Binomo

One of the most important indicators that all traders shouldn’t overlook is support and resistance levels. The concept is rather simple, but it can help out tons. In fact, if you rely mainly on technical analysis to trade profitably, there’s a large chance that you already trade using support and resistance right now. Simply put, … Read more

Support and resistance levels – how to use them

Support and resistance - how to trade them

The levels called support and resistance are very useful lines on the price chart. They are of great help when determining the probability of the price breakouts and trend reversals. A lot of traders are relying on this tool. You should know what they are and how to use them properly. The basics of the … Read more