Binary Options Charts | Charts For Binary Options Trading

binary options charts from the freestockcharts websiteNo matter what type of investment or speculation you are engaging in the importance of good charting software cannot be overstated. Unfortunately, no such charting capability exists at the binary options brokers themselves. No matter which broker you use. It is not really the fault of the brokers either it is just a function of the relatively small size of the binary options market compared to the more mainstream forex and regular stock markets. The resources available in these other sectors are much greater and as a result they can afford to offer much more technologically advanced (and expensive to develop) charting software and analysis tools. you should definitely be using one or more of these for your binary options charts. Not your broker’s charts. Given the importance of good charting we thought it would be helpful to put together a short list of the best choices for charting when trading binary options.

finpari binary options charting ideas using the finpari trading platform

Binary Options Charts

ThinkOrSwim (TOS) – Charts by TD Ameritrade
This is the binary options chart which we use most often and most profitably so it takes pride of place in our first position. What makes it even better is that it is available for free! All you need to do is register for a free account with ThinkOrSwim and you will have unlimited access to their outstanding charting software. The technical analysis tools and indicators available on the TOS charts are both numerous and customizable. That’s right, you can edit the indicators or even start from scratch building your own! It is a great feature. We highly recommend you give this charting a try for your binary options trading.

MetaTrader4 (MT4) – Charting Software For Currency Pairs
When it comes to trading in currency pairs, MT4 charting is pretty much the undisputed king of charting software. There are so many features and customizable functions in this software that you can use it for years and never know the half of it. But don’t let that potential for complexity scare you away! While the ability to get fancy is definitely there with this software you don’t need to use it and even as a beginner you should get the hang of the basics fairly quickly. MT4 is another must have in your lineup of binary options charts. We recommend pairing this software with the TOS charting. Using MT4 for your forex binary options trading and the TOS charts for trading in all your other asset classes. This is a killer combo.

Other Charting Resources For Binary Options Trading

In addition to the downloadable software provided above (which we highly recommend you use) there are also several decent free online charting tools which can be beneficially used in your binary trading. The best of which of which you can access without ever leaving this site, thanks to the folks over at Free Stock Charts.

Those are the best free online resources that we are aware of and we have researched this topic fairly thoroughly. Now if you want to pay for charting software and premium data packages then there are many more options than the ones provided here. But because of the expense of those resources we are not able to try out each and every one of them to review them here, unfortunately. However any of the premium paid services should be more than adequate for most of your binary trading (with the one exception being 60-second options – which should probably be traded directly from your broker’s platform).

6 Responses

  1. Brad J 03/17/2017 / 8:31 AM

    would you recommend taking a course on basic technical analysis , i mean is learning independently online can be enough?
    also, I am having trouble of deciding on a broker
    recently i have heard a lot about trader vc,
    have you heard of it?

    • BinaryBoss 03/17/2017 / 1:52 PM

      Yes, if you are a motivated “self-learner” it is entirely possible, and plausible to teach yourself for free accessing online, free public information on the subject. There is a TON of it out there. You can easily spend years learning the subject and still only know a small fraction. However, learning even some basic tech analysis concepts can make for a significant improvement in your trading performance. Technical analysis is like one of those things where you can “learn in a day but take a lifetime to master”. And yes, if you are trading binries you should definitely learn at least some technical analysis. Aside from “event based” trades (i.e. trading on an earnings report, a FED Reserve announcement, etc) technical analysis is really the only way to trade such short term contract with any success. Fundamental analysis won’t get you far with any contracts with expiry dates less than 6-months in the future. And while such contracts are offered by many or most binary options brokers these days, they are definitely not the most widely traded contracts. Most binary traders go in for contracts of one day or less. I personally prefer 1 hour contracts for instance. You don’t have to pay for any courses on tech analysis, but you should go ahead and at least try to teach yourself the basics. If you think that hiring a tutor/mentor/teacher to show you the tech analysis ropes is what you need though then there is nothing wrong with taking that route and if you do your homework and work with the right firm/people then there is no doubt you will learn much. It’s not necessary, but it could certainly be helpful. What IS necessary though is having at least that basic understanding of the fundamentals of technical analysis trading. It’s absolutely critical to successful binary trading.
      Good luck my friend!
      Regards,
      BinaryBoss

  2. Brad J 03/01/2017 / 7:56 AM

    this was a great article!
    recently i have started to read more about investing in binary options and found myself very interested to begin
    can you give me any tips? reliable brokers?

    • BinaryBoss 03/01/2017 / 5:20 PM

      Tips?
      Start slow, and while your doing your hands on learning also be studying at least basic technical analysis. Technical analysis is the only way to trade such short term contracts. Try to limit individual trades to no more than 5% of your account balance if possible. And if you trade “turbo” options then use some type of “smoothing” strategy to help filter out the “noise” inherent in such contracts. This is usually done through buying multiples of the exact same contract, buying them equally spaced apart over the given period (i.e. if your trading 60 second options, you may buy 3 contracts, 1 every 20 seconds over that 60 second period).
      You can read about one of the methods I use here:
      Simple 60 Second Binary Options Strategy

  3. Joanne 10/28/2016 / 10:47 AM

    How do I synchronize my mt4 charts with 24 option broker?

    • BinaryBoss 10/29/2016 / 1:30 PM

      Can anyone answer this for this person? If not I’ll get the answer from 24Option directly but I figured someone in the community might know. Cheers!
      JM

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