How To Win In Binary Options

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How To Win In Binary Options

Before we can discuss winning in binary options and applying the recommended steps outlined below, we need to establish the type of binary options traders out there.

Before you start conjuring up images of speedboats, palm trees and Miami, let me inform you that winning consistently in binary options is not easy. It requires careful optimization of your odds.

To understand this better, let’s look at a case study of Don Johnson, a professional Blackjack player who beat the casinos for millions on numerous occasions. He now works as a consultant to casinos all over the world.

Basically, he was able to beat the biggest casinos in Las Vegas because he found a way to increase his odds by meticulous planning and almost scientific attention to details of each deal.

How is this relevant to binary options and trading, you may ask. Trading is also a numbers game. One really needs to understand the numbers of potential risk and profit in order to build a winning trading strategy that can produce consistent profits.

For example, there is a big difference in numbers and profits when you win 75% of the time and when you win 80% of the time.

It’s all about understanding your risk exposure and profit potential and optimizing the conditions of your trades to achieve better results and stay on the winning side.

Just like Don would carefully study the casinos and the options offered by them, a binary options trader should study the brokers to see which broker will offer the best odds.

In addition, a binary options trader must look at trading strategies that minimize losses and gradually increase trading profits.

Depending on your broker set up, on average you need to have a trading strategy that gives you at least 60% of wins in order to make money in binary options.

What works for some users may not necessarily work for others. Moreover, not everyone will be committed to do what it takes to win because motivation and character play a big role in that.

So let’s first meet the people who play binary options, as they can be clearly divided into specific groups based on their desires, motivation, available free time, and patience.

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Types of the most common binary options traders

What works for some users may not necessarily work for others. Moreover, not everyone will be committed to do what it takes to win because motivation and character play a big role in that.

So let’s first meet the people who trade binary options who are not professional traders or trade for a living. We can assume that professional traders know how to use binary options effectively to enhance and diversify their investment portfolios. However, with the exception of few countries, binary options is generally open to all members of the public who are of legal age and have some money to invest or play with.

The most common types of non-professional traders can be clearly divided into specific groups based on their desires, motivation, available free time, and patience.

Jack – The Gambler who just wants to gamble

Meet Jack with a gambling personality. He loves the odds of binary options and the rush from 60-second trades online. Jack trades by looking at the tick chart provided by his broker and his gut feeling. He doesn’t do technical or fundamental analysis but he just believes in his luck and intuition. Sure, it landed him in trouble before, but when he is on a winning streak he can make it all back and then some. He approaches binary options like a roulette table in a casino. ‘One must dream big’, he often says.

ADVICE TO JACK – Take all your winnings and run. The longer you play the more you will lose because the odds in binary options are in favor of your broker. If you are in profit than you’ve already won. Now it’s the perfect time to stop.

Lucy – The Bonus Taker who gave it a shot

Meet Lucy who was initially very interested in binary options and has invested some of her money on trades as advised by her broker on the phone. Unfortunately she lost half of her investment already and is now desperate to win in back. Lucy also accepted the bonus offer from her broker and her account is now locked until she makes more trades. She is much smarter with her money than the reckless gambler and she understands that there is more to binary options trading than meets the eye. However, she is still at a university completing her degree and has no time to learn trading now. She is worried that she will lose her money completely if she continues to trade herself.

ADVICE TO LUCY – At this stage your best option is to use a professional signal service and copy the trades of professional traders. Yes, it is a paid service but it will at least allow you to compete at a level where you can actually start winning. Compare binary options signals here. If you don’t have time to learn and to practice trading now, using professional signals is your best option.

Dennis – The Trader with a goal to win

Meet Dennis who found out about binary options and got really excited about this new investment opportunity. Unlike Jack or Lucy he does not jump in to start trading immediately. He first opens a free demo account and places some trades. However he quickly understands that trading binary options is not a game and needs a serious approach. Dennis knows that he needs to learn to trade if he wants to keep winning and that he can not rely on everything his broker tells him. He read a lot of sad stories of people who quickly drained their trading accounts by paying heed to their broker’s suggestions and he is smart enough not to make the same mistakes they did. Dennis understands that he needs to have an edge over his broker in order to win in binary options and be profitable.

ADVICE TO DENNIS – Although Dennis is new to trading he quickly grasped that it is much more difficult and challenging that he initially thought. The advice to Dennis is to try to learn directly from a professional trader or other reputable sources and to practice as much as possible before trading on a live account.

Ilona – The News Trader

Meet Ilona who is a very clever binary options trader. She works as a secretary for a mining company and follows world affairs very closely. Ilona knows the mining industry quite well and trades binary options on news and recommendations she hears in the office or the press. She understands the connections between certain current affairs and the prices of commodities. She finds binary options platforms very easy to use and convenient. Ilona trades commodities like Gold, Silver, and Copper but only when she is quite certain of the outcome. Most of her trades are entered via a mobile application and last a few days. She usually wins but suffers an occasional loss too.

ADVICE TO ILONA – As a professional directly involved in the commodity market she has very good access to information and she uses that to her advantage. This edge helps her to beat the broker and make a profit in binary options. Although Ilona’s system has value she could benefit from confirming her trades with technical analysis. However this requires more time and additional set of skills to learn.

There may be other types of binary options traders yet these four types of people generally sum it up. Although some of them may win a few times, all of them will benefit from the following advice.

How to Trade to Win

About 90% of traders lose. Trading is not easy and there is much more to it than placing trades. A lot of trading is psychological but it is also about optimising your odds and controlling your risk exposure.

Below are the steps that should be followed before committing to trade binary options online. More importantly they should be followed by anyone who is serious about winning.

Understand how binary options work

This may sound very obvious but many people trade binary options without actually fully understanding how they work.

In a common scenario of 80% payout to a 100% loss you need to win 55.55% of the time to break even .

If you lose your trade than you lose 100% of your traded amount.

The good thing about binary options is that the rules are clearly defined right from the outset and it is impossible to lose more than your traded amount.

This is different from Forex or stock trading where due to slippage or huge sudden price changes, the trader, if not protected by the broker, can actually lose a lot more than the traded amount.

In binary options however, the brokers are the market makers and they set the odds to their advantage, similarly to a casino.

Open a demo account with a regulated broker

Trading with a regulated broker is much safer and more secure, but the broker needs to be regulated in the country of your legal residence. If you’re in the USA your only option is Nadex exchange. Instead of using an unregulated and dodgy binary options broker that might steal your money, use a long-established and fully regulated CFD broker, such as EasyMarkets. For more information about brokers please read our guide on how to choose a broker.

Always, always practice your trading on a demo account. Not only will this improve your strategy, timing, and platform experience, it will also prepare you psychologically for the real thing.

Practice your best trading strategy on a demo as long as it takes until you become profitable (in theory at least) Our advice is not to trade on a live account until you’ve grown your demo account by at least 100% making at least 100 trades using your tested strategy.

If you can accomplish this with your strategy you might be ready for the real thing, but make sure that your broker is regulated.

Trading with a regulated broker is much safer and more secure, but the broker needs to be regulated in the country of your legal residence. If you’re in the USA your only option is Nadex exchange.

Instead of using an unregulated and dodgy binary options broker that might steal your money, use a long-established and fully regulated binary options of CFD broker, such as Binary.com or EasyMarkets.

Familiarize yourself with your broker’s trading platform

Once you open a demo account familiarize yourself with the trading platform and all of its functionalities. Make various trades on a demo to see how the platform behaves and how it performs. Also read your broker’s rules and conditions for withdrawal before you make any deposits and begin to trade.

BONUS OFFERS – If you decide to accept a bonus offer for your initial deposit understand that there will be certain limitations imposed on your account, such as minimum amount of trades before your first withdrawal.

Choose an appropriate trading strategy

In order to win at binary options you must follow a trading strategy. You will not win by guessing. Your strategy could be based on technical analysis (charts) or/and fundamental analysis (news).

There are many trading strategies available but unfortunately what works for some may not work for others. You can view examples of some strategies by looking at our Free trading strategies section. The strategy you choose should take into account your time availability, experience and your skill level.

Use professional charts for technical analysis

Your broker will most likely offer online charts but many traders prefer to use third-party superior charting software for technical analysis. These include free platforms such as MetaTrader or ThinkorSwim .

Using better charting software will allow you to be a better trader. One of the greatest advantages is that you can add indicators and draw your analysis to your charts and it will stay there until your remove it from your charts. Your broker’s charts do not offer this type of flexibility.

All professional traders use dedicated charting software because it is more reliable and it gives them more information and better tools for analysis.

You may find that in order to run those professional charting programs you will require to update your computer, or get a dedicated computer for trading.

Practice your strategy and signals on a demo account first

In order to become confident and test your trading strategy use a binary options demo account. Only proceed to trading on a real live account if you’re winning on a demo account! Otherwise do not proceed to trade with real money.

In addition to trading on a demo account every serious trader should keep a trading journal in which all taken trades are clearly registered, including the reasons for taking the trades and their results. This should be done with utmost care so that it can form a basis for your trading on a live account. If you choose to subscribe to professional binary options signals you should first test them on a demo account to see how and if they work.

Understand risk management/exposure

All professional traders will agree that risk management is the most important aspect of trading. It is also the main reason why even good traders can actually lose money and ultimately fail.

Risk management should be studied on its own but for the purpose of this brief guide, it must be said that you should never trade more on each position than 5% of your investment capital. Many professional traders use 1% or 2% for each position.

If you deposit $1000 into your broker’s account, the maximum amount you should place on a trade is $50, which is 5% of 1000. We use percentage to indicate the trade amount as it is a relative number and should be adjusted with your capital.

If your investment capital increases to $10,000 the maximum amount for each trade could be adjusted to $500. Subversively, if you account decreases to $500 the maximum amount put on each trade should not exceed $25. To learn more about the subject read Risk Management 101.

Create and follow your trading plan

In order to win consistently one should create and follow a trading plan. The plan is basically your trading manual which is custom prepared for you, and only you. Your trading plan should include your strategy, your goals and expectations, and clearly defined rules of behavior. The good trading plan will help you to become a disciplined and a profitable trader.

Before you venture into the world of binary options trading please remember that it can be risky to your capital. Simply put, do not trade what you can’t afford to lose.

Compare binary options signals

Trading and/or betting on financial markets is mostly a numbers game, but it also requires a lot of discipline, patience, and self control.

If you are not a trader or simply don’t have the time to do your own technical analysis, your best alternative is to use professional trading signals that will help you win in binary options.

To find the right binary options trading signal or strategy, please refer to our free online guide about binary options signals. This guide also contains reviews and a comparison of winning binary option traders and professional signal providers.

How to Win Binary Options Every Time

How to win binary options every time? – The last five years have been the golden years for binary options. The market has grown phenomenally and traders are joining in the trade in multiples. The binary options have expanded and the systems have become more sophisticated and accurate, especially with the advent of automated systems. Profits have risen and a good number of traders have made impressive profits over this time. Within the same period, there have been traders who did not do very well in the binary options trading. This will happen if you do not develop a plan to profit from binary options consistently. Also selecting a proper broker like IQ Option or Option Robot will help you along the way!

Binary options trades, like any other trading transactions in the assets and commodities markets can go either way; make a profit or lose your investment. The trick is to keep the winnings considerably higher than losses over an extended period of time. Here you will learn what to do and what not to do to create a framework within which you can make winning trades consistently. What you need to do is:

Control your expectations

Probably the right word to use here is ‘greed’. In binary options, it is very easy to be overwhelmed by your emotions. Such things tend to happen when you are winning, or losing money. The definite thing you need to do is to keep a clear head; keep all your emotions at bay. You must have come across trading platforms in this business claiming of extraordinary successes of making millionaires in a few months after making a small deposit. You probably want to be that person. While there is nothing wrong with that, the bad news is that you probably won’t be that person. With that out of the way, focus on making small consistent wins as a start, and then expand from there. The chances of becoming a millionaire within three months of trading with a deposit of $500 is a million to one; do not make rash decisions to invest all or most of your investment on a single trade just because you just made are on an 85% roll. Keep a clear head.

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How To Win Binary Options Every Time

How To Win Binary Options every time

Today I think it’s a great opportunity to go over some the basics facts and tips for anyone who’s just starting out so you guys can have all the information you need to start trading without falling into any traps or any bad decisions.

One thing I always never recommend is taking the bonus offer because the bonus will lock your money with the platform, and you will be required to generated very volume of trades was traced before you request the withdrawal. So I recommend doing it you will have access to your hard-earned money all times

So second tip is make sure the broker company you’re going with is not blacklisted anywhere on the web. you find up many different blacklist I made one myself, based on feedback data I received from people and have a clear idea, you know which brokers you should avoid. Now don’t just go and trade like crazy!

How much Money to invest?

I recommended straight small amounts. Trade minimum so if the minimum is ten dollars to twenty, until you develop a high rate of success and a full confidence in trade. A lot of people ask me about the 60 second features, I don’t recommend using it for beginners, because it’s very difficult to predict the price trend over for short time.

Binary Options Expiry Trading Time Frame.

Remember that you can always set the expiry for an hour for a day and even for a month. You can set it for as long as you want. And I believe that if you trade on longer time frame still have a much higher success rate and remember that no matter how long you hold the assets for, you can still receive seventy eighty percent on your initial investment, which is a very high return. So I recommend holding the option for longer time frames, and you will see a much better success rate.

Do you really Need VIP account?

Next don’t sign up with a VIP accounts, know that a lot of companies try to get you to deposit money in it with a thousand dollars to five thousand dollars, and I think that it’s look extreme if you’re just starting out, that you don’t have a lot of experience.t you shouldn’t deposit more that between 100 to 500 dollars depending on your budget. If the broker force you to deposit a little more. Of course if you deposit more money then you’ll be able to diversify and to manage the risk better and the broker will give you reward.

Like that you’ll have more fun stuff worked with and test out different strategies but there’s no use to open a VIP account for five thousand dollars because what you’ll find that even if you sign up with the accountant brokers will not to provide you with advice. they teach you how to trade deal.

Probably they will walk you through the platform they might give you signals, but I would highly doubt the signals provided by the broker are accurate. So don’t go with a VIP account I don’t think that it’s worth it. Five hundred dollars is more than enough and if you don’t have the budget just over two hundred dollars.

You don’t need to invest that much, because fist it is high-risk, and even with all the profit potential you can lose money that way. Some brokers have a lower minimum and a lot of ideals and other brokers with a hundred dollars minimum. so you can’t practice it inside out and get familiar with. A lot of people forget to use financial portals. I think that is very important use Google finances sometimes it is you’ll finance. Both portals a really good. Google finance platform give you many information about the company snapshot, the stock price for up to five to 10 years, you can’t backtrack the prices, you use the rss feeds. And also the benefit with financial portal like Google, is that it will list publications associated with the company. I also recommend getting familiar with the charts. Because you’ll find that charts help you identify trends. It’s a technical analysis a solution that still, if you combine it with research altogether, you will do a lot better.

Charts why use them?

learn how to use the candlestick charts. it’s very valuable even if it takes an hour two hours to understand how the charts where I’m that it’s very important that you love be able to use them. know once you get familiar with the charts and you know how to apply it with binary options.

You should use either web a three charts you can oversee the Metatrader 4 which is a software that you get downloads free see either way I recommend using the charts, so you can compare the different solutions, see which one works best for you.

Signals Providers

So like i said I do not a recommended VIP account? and also not recommend paying for signals, without testing it out. Because there’s a lot a signal providers out there. There’s so many companies from like over 100 a it lot of them offer free trials. So I think that if you sign up with a free trial least you can test them out and you can compare because I know that some service a very good to refute some channel seats that thing for a monthly subscription without seeing results you get tested out with a free trial so I recommend checking it out that made a list of all the different signal providers.

How many assets to trade

know when you’re treating if you’re developing a strategy in the matter if you set technical or fundamental houses you want to focus on the one or two assets at the most don’t get scattered around.

It’s very important that you focus on the one asset so really analyze all different factors that affect the price movement because if you try focusing on 10 different assets you gonna get lost.

It’s also important to use the portal you can’t focus on the one to two assets in one market, and developed this strategy about that asset.If you go for different asset you’ll find that there are different strategies so if you if you’re not sure with strategy to use with yeah said Then email me and let me know and I’ll direct you to the right strategies.

The One-touch features

But you should know that the one that features high-risk you can lose all your money that you put on the trade. of course you not to lose your funds so it’s limited to the amount that you trade and also your prediction must take into account that the assets will touch certain level few time I think that ever since I started channel maybe two traders emailed me reporting that they actually very funny with one-touch so I’ve never made money with it I think that it iris it’s not recommend this is don’t use it.

Trade Binary Options with Middle Eastern platform.

Some platforms of the Middle Eastern stocks are open over the weekend so on Sunday you can still trade Tel Aviv 25 E and you can trade Dubai by so you can still trade on Sunday but you have to know the hours.

Not every platform offers Middle Eastern assets, see if you go with alloptions.com are anyoption.com you’ll have access to Tel Aviv and Dubai.

I told you that if I so if you’re anxious to trade over the weekend or if you’re too busy during the week that it’s something that’s what I consider before he signed up for the company and the last thing is regarding your deposit amount because as I said before.

I don’t think that itself very clever to deposit five thousand dollars for the start in exchange for VIP counts or in exchange for anything bonuses I don’t think that it’s worth it.

Trading Binary on low budget

But if you are on low-budget and you just start testing it out and you are not sure. You should start with a company that let you deposit starting with around two hundred five hundred dollars this week and they first fight the rest get out test out different strategies but if you’re on a low-budget or you’re just trying to test it out there not sure, then you should start with the company that lets you deposit $100 dollars.

Most companies let you deposit it went two hundred dollars to 250 but some companies like Empire option and go option let you deposit $100 dollars and I refuse to both of my channel so you can check. you can check everything out okay I think that this pretty much covers everything so then of course as always if you have any questions you welcome to contact me.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo
    Binomo

    2 place in the ranking!

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