How to find best currency pairs charts to trade on Quotex ? “Binary Trading”
Key Tips for Selecting a Good Trading Chart :- Choosing the right chart for binary options trading is crucial. Before selecting a chart, focus on these key factors:
- 📌 Trend 📈📉
- 📌 Volatility ⚠️
1.Understanding Volatility in Binary Trading
Volatility is important in binary options trading because it helps traders understand how much the price might move in a given time. Here’s a simple explanation of volatility and how to choose the best chart for 1-minute trading on Quotex.
Note: We’re not going into detail about volatility, just focusing on how it helps find the best chart to trade on Quotex.
Types Of Volatility in Binary trading
Best Volatility
XC
High Volatility
Why Avoid High Volatility Markets for 1-Minute Trades:
Price Moves Too Quickly:
- High volatility means the price moves up and down quickly, making it hard to predict where it will go next in just one minute.
- Long wicks and changing red and green candles show that the price is moving a lot in both directions, Which is risky.
More Risk:
- In 1-minute trades, you need clear price movement. With high volatility, the price can move against you quickly, leading to more losses.
False Signals:
- High volatility can make indicators give wrong signals, leading you to think the price will go in one direction, but it suddenly changes.
Conclusion:
- It’s best to avoid high volatility for 1-minute trades because the price can move too fast and make it harder to predict. Look for a more stable market for safer and more reliable trades.
Low Volatility
Why Avoid Low Volatility Markets for 1-Minute Trades:
Price Moves Slowly:
- In low volatility, the price doesn’t change much. It stays mostly stable, making it hard to predict a clear direction in a short 1-minute trade.
Fewer Opportunities:
Since the price isn’t moving much, there are fewer chances to win a trade. The market is too quiet, Which often makes small candles, doji candles, or candles with no body.
Risk of Losing:
With low volatility, you may enter a trade thinking the price will move, but because it’s too stable, it can lead to a loss instead of a win.
Conclusion:
- Low volatility is not good for 1-minute binary trades because the price doesn’t move enough to give a clear direction. It’s better to trade in markets with normal or higher volatility for better chances of winning.
We Use Candlestick Charts ( Recommended ) :- Candlestick charts are more visually intuitive due to the color coding of the price bars and thicker real bodies.
