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The time frames for the binary options market
In this review You will find information about what a timeframe for binary options which quantities occur on the market, some brokerage companies there is an opportunity to change this figure. Timeframe (TF) - the time scale used by traders in financial markets for more convenient analysis of the market situation.
It can be compared to the scale of maps for different purposes when needed or to get a General idea of location, or rather to resort to maximum detail. Switch time frame also gives us the opportunity to analyze the different lengths of the parts of the market.
Why you need to switch the time frames for the binary options market? Imagine that You are planning to trade options with expiry of 5 minutes. In this case it is much easier to analyze the chart and look for the moments for the conclusion of an agreement, if You, for example, quotes for the past couple of hours.
If You decide to buy a binary option before expiration of 5 days, the schedule on which you placed the quotes of the past two hours, it is unlikely to help. Therefore, choosing a trading method, we need a time scale on the chart.
The types timeframe, binary options
Now let's see where and how switches TF when trading binary options. The ability to change the scale of time is completely up to the broker You chose for trading, and not every company is changing the timeframe. Here are a couple of examples of what it looks like "switch scale":
Change the timeframe of the broker 24option
Sites brokers whose platform in the illustrations above:
• Olymp Trade
Now, for example, use the terminal international broker Olymp Trade (from $10). In the platform of the broker has the option to choose TF of the following values:
As you can see, the company provides its customers with a wide range of timeframe for binary options. Broker over time adds a variant of TF, so it is possible the emergence of new values.
If we choose 1 min, the flow chart every minute will form a candle from prices that were on the market. Accordingly, after 10 minutes in front of us on screen will be 10 new candles, so that we can assess the dynamics of changes in market prices in time. If you select 5 minutes then a new candle will be formed in 5 minutes. The higher the TF, the more stories will fit in the chart window.
For the second example use the terminal of one of the market leaders in binary options company 24option. Great opening chart, we will see a toolbar at the top of the screen, among which are options time frames:
This time the situation with variants of TF is quite different, the minimum timeframe for binary options in 24option is 1 min and the maximum value is 60 minutes. This means that the options change TF on the chart the same as in the Olympus trade.
This terminal is better suited to traders who want to use in the process of trading multiple indicators and other technical analysis tools. In Olympus Treyd too have technical indicators and tools, the platform of the company is not inferior in functionality of a terminal market leader.
Similarly you can change the scale graphics and other companies, but there are interesting exceptions, for example, the platform of developer SpotOption, which can be found at different brokers. As uTrader is such a terminal, it will take as an example:
Here is not the size of time for which formed one candle on the chart, and the period that we are going to see. For example, we clicked on 1h and appears on the chart a curve of changes in market prices in the last hour. Chose the 8h and in front of us all the quotes for the last 8 hours. Whether it is or not, You decide there are probably pluses and minuses of this option.
Trading strategies are not seldom created by binary options of a certain length, because the basis of various market principles. Settings timeframe binary options allows the most convenient positioning in front of quotes that facilitates the analysis of the asset. For me personally, the ability to change the TF in the terminal is an important factor, which definitely draw attention when you open a trading account with new company.
|Category: Binary options | Added by: (07.11.2017)