It would be impossible to imagine doing any sort of meaningful binary options analysis without looking at numerous binary options charts. The indicators that signal when to make trades are often found within binary options trading charts, and to ignore them would be tantamount to saying that you simply don’t want to make money trading options. While traditional, long-term stockbrokers and traders maybe can get away without having charts and relying purely on fundamental analysis, it is absolutely essential that short-term binary traders have access to high-quality, accurate options trading charts in order to do technical analysis.
Nearly every single binary options broker and trading platform offer free binary trading charts to its customers. These charts tend to be simple and carry a minimum amount of indicators on them, although they are generally accurate and available in real-time. The minimal nature of these options trading charts will probably be enough for the casual trader who only wants a little extra cash a month and only makes one or two trades a week. But for those traders serious about making real money with binary options, you will want a more powerful binary options chart program.
There are various options trading chart software programs available that provide a huge amount of binary trading charts and indicators in real-time. Traders can use this wealth of information to make split-second decisions on short-term trades and, if they use the binary options charts successfully, they can be extremely profitable.
When looking at different charting programs, you want to get a program that offers charts for the options that you want to trade. It does you no good to see detailed charts on currencies when you want to trade oil assets, for example. Secondly, the binary options charts available in the program should be able to be customized for your needs. This means that you should be able to see charts relevant for the time period of options that you trade, and that the program should allow you to see the various indicators that you are looking for, directly on the options trading chart. Remember that every single trader trades differently, and that you need a charting program that is able to be personalized for you.
There is no point in throwing money away on a state of the art binary options chart software program if you only trade week-long options, or one or two trades a day. For you, the free binary options charts provided by your broker should suffice. But for those people that trade frequently, especially short-term options 15 minutes or less, accurate, detailed charting software is an absolutely must. The money you spend on a good options trading chart program will pay itself back a thousand times over the long run, and should be considered an essential investment.