Publication Date: 2023/05/11
Abstract: Binary options trading is a type of financial trading where the trader speculates on the direction of the price of an underlying asset within on specified period. Unlike traditional financial trading, binary options trading provides a fixed payout if the trader's prediction is correct, regardless of how much the price moves in the predicted direction. This makes binary options trading a popular choice among traders who want to know their potential payout in advance and limit their risk. However, binary options trading is complex and unpredictable, making it challenging for individual traders to make yield investment decisions. In particular, the lack of reliable and accurate trading signals, the need for more user-friendly trading platforms, and the lack of access to expert-generated signals for individual traders are common problems faced by traders in the binary options market. This paper presents a centralized platform named Forex Flux that delivers expertgenerated trading signals to subscribers in real time. The signals are generated using a combination of technical analysis algorithms, price action and market data, which is delivered through a user-friendly interface by this platform. The platform also offers subscribers to manage their subscriptions and access market news and analysis, with an option of premium service. To develop ForexFlux, languages like HTML, CSS, and JavaScript are used, and also integrated some third-party APIs to provide real-time market data. The approach leverages the latest technologies and expertise, including technical analysis tools such as moving averages, relative strength index (RSI), stochastic oscillator, and most importantly price action to provide a solution that solves the problems faced by traders in binary options trading. The ForexFlux has the potential to greatly benefit traders and improve their investment outcomes, as well as provide a valuable service to the broader binary options trading community. The system aims to bridge the gap in the binary options trading landscape and provide a valuable solution for traders of all levels.
Keywords: Forex-Flux, Trading Signals, Price Action, RealTime Market Data, Binary Options Signals.
DOI: https://doi.org/10.5281/zenodo.7922750
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT23MAY367.pdf
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