Top 5 Free Binary Options Charts

Sunday, March 30th, 2014 by Michael Freeman

Let’s start by answering the most important question concerning charts. Why do we need live charts when we trade binary options? After all, the broker platforms include live streaming asset charts and we can trade directly from the binary options website. This is true, however the charts on the broker’s platform don’t include the following: Candlesticks Charts, Indicators, Extended Asset Timeline and the option to upload Technical Analysis Indicators, Trading Scripts and the various tools that are provided on the charting software and websites. The second question is, should we pay for charts and purchase NetDania or should you go with one of the free binary options charts? After comparing NetDania to the charts on or MetaTrader 4 I found that both the paid and free charts practically include the same features, components and functions which makes it a wasteful expense to purchase a charting software where you can get exactly the same..without paying for it!

Checkout my Top 5 Free Binary Options Charts! – The charts offered on the websites are highly recommended and include popular indicators and Candlesticks Charts. On you can view all 4 asset groups traded on binary options platforms. is considered one of the biggest financial portals in the world and you can find daily currencies analysis, professional trading tools and industry news. Just like Investing is a highly recommended online trading portal targeted for Forex and binary options traders. The only issue with is that they don’t offer live commodities charts so if you plan to trade Oil, Gold, Silver, Copper or any of the commodity options offered on binary options platforms, you should probably choose for a free web based charting solution. is the ideal live charting website for stock option traders who are looking for detailed charts for practically any index, sub index and stocks that are traded in the world. The great thing about Free Stock Charts is that they offer a wide range of indicators that you won’t find listed on or on is a free downloadable charting software and the most popular one in the Forex community. This is an open-source charting solution that includes a wide range of indicators, trading scripts and the option to upload your own indicators directly to the software. This is a very popular solution for Forex traders as it allows you to sync your Metatrader with your Free Demo or Live Spot Forex Account. is a hybrid between a ‘collaboration social network’ and a charting solution, allowing traders to exchange trading ideas in real time, using real live charts. This solution allows traders to share live charts and post annotations directly on the charts, making it a powerful collaboration tool both for beginners and expert traders.


Interested to learn more about Binary Options and Forex Indicators? Checkout the details list of technical analysis indicators! If you have any questions on one of the above Free Binary Options Charts, please comment below.

Fence Trading Strategy for Binary Options

Thursday, January 2nd, 2014 by Michael Freeman

The Fence Trading Strategy, also known as ‘Double Profit’, allows traders to increase the ITM payout and minimize the potential OTM loss. The ideal situation for Fence Trading is when the asset’s price bounces up and down within a reasonable price range allowing us to enter into two opposite trades and as close as possible to the highest and lowest prices on the asset’s chart. By creating a wide enough range, we can increase the probability to win both trades and get double the ITM payout, hence the term ‘Double Profit’.

At the highest price level within the ‘Fence’ we enter a PUT prediction while at the lowest price level we enter a CALL prediction and our goal is to ensure that the asset’s closing/expiry price is between the price levels of the upper and lower trades.

Fence Trading Strategy Example

Let’s say that the price of Asset A is currently $25, yielding a %75 ITM return and a %0 OTM return. We decide to invest $100 predicting a price increase upon expiry which is set at 60 minutes. 20 minutes later the price of asset A  reaches $30, based on the neutral trend we assume that the price will close below $30 and we invest another $100, predicting a price decrease. At this point we entered a Call and a Put predictions creating a “Fence” between $25 and $30.  If the final asset’s price(expiry) falls between the the lowest and highest price levels, we will get the highest return on the investment formulated in the first example below.

Asset A expiry =$25-$30 ($100+$75)+($100+$75).

Initial Investment = $200, Ending Balance = $350, Profit = $150.00


Asset A expiry > $30 ($100+$75)+($100-$100).

Initial Investment = $200, Ending Balance = $175, Loss = -$25.00


Asset A expiry < $25 ($100-$100)+($100+$75).

Initial Investment = $200, Ending Balance = $175, Loss = -$25.00

The obvious conclusion is that with the Fence Trading Strategy we can significantly reduce the loss on OTM trades while doubling the potential profit! The profit on winning trades is 6 times higher than the potential loss ($150 vs -$25) which means that even if we lose a few consecutive trades we will still take back more profit over a volume of trades. This is definitely a winning binary options strategy!




Fence Trading and Bollinger Bands®

Now that we understand the great potential behind Fence Trading, it’s important to learn how we can properly identify a neutral trend while spotting the ‘right amount’ of price volatility to indicate a safe entry point so we can safely utilize this binary options strategy. The Bollinger Bands are used as a technical analysis indicator allowing us to measure the current price volatility for any underlying asset. The volatility bands are positioned above/below the moving average line, forming a range that is constantly adjusted depending on the market volatility, making it an ‘ideal indicator’ for Fence Trading. The visual representation of the Bollinger Bands is used to predict the ideal ‘lowest and highest’ entry points and confirm the presence of a neutral trend for the current time period displayed on the asset’s chart.

The Bollinger Bands are available Free on Meta Trader 4 and FreeStockCharts.

Fence Trading combined with Bollinger Bands make up a very solid strategy. It’s also suggested that you set the expiry for one hour, giving yourself enough ‘response time’ to enter the 2nd trade. Remember that binary options involves high-risk, therefore any strategy that attempts to minimize the potential loss will ultimately minimize the risk and allow you generate more profit! Before you ‘jump in the water’ head first with $100 trades.. make sure to put the Fence Trading Strategy to the test with lower trade amounts or on a demo account. For brokers offering low trades amounts and a demo account visit the Recommended Binary Options Brokers reviews.

Price Action Trading and Binary Options

Sunday, December 8th, 2013 by Michael Freeman

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Introduction to Price Action Trading

Price Action Trading, also referred to as PAT, is a method used by many traders to predict the price movement of a financial asset, by analyzing the price history of either a Company, Commodity, Future, Index or a Currency Pair; in reference to Binary Options.

Price Action ONLY takes into account information that is derived from the ‘price’ movements, therefore all that is required in order to trade using Price Action, is a charting solution and technical analysis indicators. Although there is no way predict with 100% accuracy, many analysts believe that price action trading is the easiest and best way to successfully day trade. The ‘Theory of Price Action’ discredits the use of fundamental research. It’s important to note that many day traders prefer a hybrid solution that incorporates both technical and fundamental study. The concept of Price Action is often seen as elusive in a sense that every trader analyses price trends differently, in any case when done properly, price action trading techniques can increase the ‘In The Money’ success rate.

The price chart shows the asset’s price changes for a specific time period and we can set the chart anywhere between 60 seconds and 1 year. The ability to set the chart on multiple time periods can provide us with a better idea or a broader picture of where the trend is ‘going’, as we can easily shift between different time periods. It’s not the case with our binary options trading platforms charts only displaying the asset’s price movements for the last couple of hours and the previous day’s closing price.

The broker’s charts are very limited and should only be used to execute trades! On the broker’s charts you will NEVER find Candlesticks Charts view, Indicators or a Full-Screen view. It’s very important to use free or paid live charts instead of relying on your broker’s charts.

Learn more about Free Online Charts for Binary Options and Forex.

Meta Trader 4 Demo Account with


Price Action and Technical Analysis Indicators

By using technical analysis indicators, we can begin to make sense out of the charts. Indicators can help us, but will not work all the time because the markets can be unpredictable, especially over 60 seconds. If you are trading binary options and using technical analysis, be sure to extend the expiry to at least 30 or 60 minutes. Technical analysis is almost useless when trading on a 60 seconds expiry, due to the inability to forecast a trend over such a short time period.

Popular indicators for binary options include MACD, RVI, RSI and Bollinger Bands®. Setting up an indicator on the charts doesn’t require any technical expertise and in most cases, such as with Free Stock Charts or MT4, the indicators are already available on the charts menu and you can select the one you wish to view on the charts. It’s important to get familiar with popular, proven to work indicators and you can find an article for each of these indicators on the blog section.


Technical Analysis Indicators replace the need for calculators and trend formulas, as indicators automatically computes all the relevant price data and provide us with an approximated trading signal. This signal, unlike an Alert provided by a signals service, does not provide with clear instructions on how to enter the next trade, Call or Put, and instead it requires us to make the decision on when to enter the trade, based on the information provided by the visual representation of the indicator set on the asset’s price chart.

“If the trend is strong, the indicator will respond”


Price Action and Candlesticks Charts

One of the great advantages with Charts is the ‘Candlesticks Charts’ View! The candle is made up of one body and two wicks. One wick is a close and the other is an open. The wick is represents the low and high for the candle at one specific time. The body of the candle represents the price movement from the opening price. The size of each candle’s body will vary, depending on whether the candle is moving up or down from the opening price; That will determine whether the candle is bullish or bearish. As each candle is placed on the chart, the chart begins to take on a visible pattern of price movement that can be used to make successful trading decisions.

To determine a ranging market, take a look at groups of candles that are within a certain price range. There will be highs and lows within that range, but the highs are at about the same price and the lows are all around the same lower price range. It’s best to avoid trading during a ranging market because it’s too unpredictable to guess which way it will go. There is too much price volatility during a ranging market to make a good trade.

Now you want to look for support and resistance zones on the candlestick chart. Support zones are those areas that show that the price has fallen, but once it fell to a certain area called the “support zone,” it rose back up. The support zone is a sort of cushion stop point for that price, and it always rises when it hits that spot. Resistance zones are those places on the candlestick chart that the price goes up, and when it hits that zone as it’s rising, it is pushed back down again. It’s the opposite of the support zone. These areas are pretty easy to identify, and practice will make it all easier. You will be trading online like a pro in no time.


For detailed articles on all the popular technical analysis indicators for binary options as well as additional information on free live charting solutions visit the – Technical Indicators Page

Let’s Talk about Binary Options Charts!

Monday, December 1st, 2013 by Michael Freeman

There is often some confusion regarding which charts are best for binary options and in this article I will review the top solutions that day-traders around the world are using, depending on skill and personal preferences, so let’s compare the different binary options charts!

Online Free Charts for Binary Options – All Free Live Streaming Charting solutions offering real-time charts for Forex, Indices, Commodities and Stocks. Bar/Candlesticks Charts view (No Flash Required. Runs on Microsoft Silver Light Plugin) Available on Mobile App. Time Frames – 1 min, 2 min, 3 min, 5 min, 10 min, 15 min, 30 min, 60 min, 2 hrs, 4 hrs, 24 hurs, 2 days, 3 days, 4 days, 7 days, 8 days, 9 days, 30 days, quarterly, yearly. Free Indicators available on Free Stock Charts!

Watch the Free Stock Charts Youtube Guide below for more information. Downloadable Charting Solution for Forex, Indices, Commodities, Futures and Stocks. Bar/Candlesticks Charts view (No Flash Required. Download the software directly.) Available on Mobile App. Time Frames – 1 min, 5 min, 15 min, 30 min, 60 min, 24 hrs, 7 days, 30 days. Automated Trading available.

Watch the Meta Trader Youtube Guide below for more information. offering real-time charts for Futures, Forex, Indices and Stocks. Bar/Candlesticks Charts view (Flash Plugin required to view the charts on Investing). Time Frames – 1 min, 5 min, 15 min, 60 min, 5 hrs, 24 hrs, 7 days, 30 days. offering real-time charts for Forex, Commodities, Indices, Stocks and Bonds Charts. Bar/Candlesticks Charts view (Flash Plugin Required to view the charts on FXEmpire). Time Frames – 1 min, 5 min, 15 min, 60 min, 4 hrs, 24 hrs.

Why are Independent Binary Options charts Important? 

Live charts gives us a better understanding of the asset’s overall trend as opposed to the broker’s platforms that only reveal the last few hours of the asset’s price levels. The broker’s charts are not always accurate and are usually not available on full screen.

Independent charting solutions like Meta Trader or Free Stock Charts enables traders to setup indicators on the charts for further analysis used in many price actions strategies. These indicators are usually available on the charting software or site while some indicators must be downloaded and uploaded individually. For more information on popular indicators visit the list of binary options technical indicators. 

Meta Trader 4 VS Free Stock Charts 

Meta Trader is widely used and considered the most professional free charting solution for Forex and Binary Options trading, however it’s more complicated than Free Stock Charts! Both charts providers offer the ability to use technical analysis indicators which puts them a head of any other web-based sites. Keep in mind that setting up Meta Trader requires that you register a demo or real account with a Spot Forex Broker, and after registering you must log in to Meta Trader using the log in information from your Spot Forex Account. Free Stock Charts only requires that you download the Microsoft Silver Light Plugin and you are good to go!

In terms of simplicity the Free Stock Charts are more user-friendly, while Meta Trader offers advanced auto-trading and demo trading directly from your Spot Forex Account.

Watch my Meta Trader 4 Youtube Guide

Free Demo Account with (use it to log in to Meta Trader 4)


Watch my FreeStockCharts Youtube Guide 


If you plan to trade binary options on your own and use professional charts, make sure to learn how to use indicators and you will find lot’s of useful information on popular indicators such as Bollinger Bands ® and the MACD Indicator with full instructions and snapshots! Thank you for checking my list of charts for binary options! Good luck and if you have any questions feel free to comment below.  Mike