Binary options, especially the very short term ones, can feel like they are just a crap shoot. Oftentimes, it will seem like it is impossible to predict where prices will go in such a short amount of time as fifteen minutes, but this is not entirely true. While there is a good deal of variance in these types of trades, by looking at price charts, you can get a good feel of where prices will be headed in the future—even over a very short period of time.

The easiest way to approach binary options is to look for range-bound assets. This means that the price of whatever the asset in question is will keep bouncing back and forth between two prices; a high and a low. Once the asset reaches its support level, you can execute a call option because the price is probably going to increase. If the price is at its resistance level, a put option is your best bet as the price is probably going to fall.

Of course there are exceptions to this range-bound strategy. Assets break out of ranges all the time. But if you can identify an opportunity like this, you will be right often enough to turn a small profit.

Many binary option brokers do not provide charting software, so you will need to go with a real-time charting software package. You can find these very easily on the web for free or very little cost to you. This might seem like a burden, but by allowing you to spot these trends more easily, you will fare much better in the binary option business.