Bollinger Bands Strategy
The Bollinger Bands Strategy is one of the most easy methods to learn and one if the most secure. It is a real method to make money in binary options and to become a succesful, professional traders, a strategy analysts use - and exactly this makes it more halal, because your are following a science and you are not betting. I will explain you how it works now:
Step 1 The Preparation:
First at all we need an islamic trading account on of of this online brokers:
24Option
Banc de Binary
24Bulls
Cedar Finance
Then we have to prepare our main tool: Netdania (free for our purposes) and make sure you have the latest update for the Java plugin. If the chart does not load then you probably have to install/update Java. Please make sure in your settings, that you use the correct time zone. Click on the “pin” icon so you can make it full screen for a more detailed view. We need this full screen view to make every detail visible:
1. Choose the currency pair to view under the instruments tab. You can find “…more instruments” at the bottom
2. Choose the time frame. Each Candlestick (increasing are green, decreasing are red) represent this time frame you have chosen
3. Click on Studies to choose the technical indicators, we need that to trade with the bollinger bands. Choose it and click ok.
The given brokers above know this strategy and allow it without a problem. You can register, deposit, write an or call them to activate your account as Islamic Account Type from a halal online broker and ask them to help you to bring the bollinger bands strategy to the practice. If you dont know which one you should take, simply go with 24Option they are the oldest in this industry and have good visible charts. They will help you until you succeed!
See there is only one big question with binary options you have to answer:
And this question gets predictable with the Bollinger Bands Strategy!