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5 simple tips & tricks for Binary Options trading (2022)

Started by PocketOption, Jan 29, 2023, 03:05 pm

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PocketOption

5 simple tips & tricks for Binary Options trading (2022)

5 simple Binary Options tips and tricks that work.

What is the key to success with Binary Options? - On this page, I will show you the best and simplest Tips & Tricks for trading Binary Options. That is a piece of advice for beginners or advanced traders. With more than 10 years of experience in trading, I know what I am talking about. It is always the same mistake why traders lose their money in the markets.

It is important to go through all the steps and techniques on this website because only one mistake can cost you a lot of money. See my full video first:

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What you will read in this Post.

1. Know the risk of trading (Risk management)

Sensible money management means long-term success.

If you start trading you have to risk money on the stock exchange in order to make a profit. Most of the time this fact is misunderstood and traders care less about the risk. binary option Options are very risky to trade because you can lose the invested amount of money. That means you have to have a higher hit rate than 50% to make a profit over a long time horizon.

Sometimes there are loss stikes for beginners or advanced traders. It always can happen to you because the market is different and flexible in its price movements. Sometimes you lose more than 10 trades in a row. That's why you need sensible money management.

Money Management:

It is important to use your funds wisely. That means that you should protect your account against loss strikes. Most traders risk too much money of their account balance and then they wonder why they start trading irrationally and with emotions. It is harder to lose 100% of the account balance than 10%. Sensible money management means that you only risk 1% of the account balance per trade.

Example: You got an account with a balance of 10.000$. The risk of 1% is 100$ investment in each trade. That allows you to lose more than 10 trades in a row and so it is easier to accept the loss.

Also, you should always use the same amount of money for your investment (percent of account balance). Professional traders know this fact and they are growing their accounts continuously and not in huge steps.

2. Start investing with a small amount of money.

Nowadays you can start trading with a small amount of money like 10$. In my opinion, you should start with a small deposit like 50$ or less. After you feel comfortable and do a profit with the small account balance you can invest more money. It is important to stack up risk if you trade well and are profitable. You never should do it the way around. That can be very bad for your hard-earned money.

How much money do you want to fund into your account?

That is another question for traders. As mentioned before I always start with a very small amount in a new trading account. After I gained some profit I feel comfortable and able to invest more funds into my account.

3. Choose a regulated Binary Options Broker.

Another tip to improve your results is to choose a regulated Binary Options Broker. It is much safer for your funds. This is the shocking truth! Unregulated brokers sometimes scam their clients. That is what should be avoided by this tip. I personally cannot trust an unregulated company that´s why I created the comparison below. In the table, you will find regulated brokers for trading Binary Options. The funds are safe with them and you will get your payout directly.

Best binary broker:

(Risk warning: Trading is risky)

Quotex - Trade with high profits.

1 2 3 4 5 5.0 / 5.

Quotex - Trade with high profits.

Accepts international clients Min. deposit $10 $10,000 demo Professional platform High profit up to 95% (in case of a correct prediction) Fast withdrawals.

(Risk warning: Trading is risky)

4. Develop a strategy and trading rules.

Trading without a plan is not a good idea. Every professional trader got his own strategy. From my experience, it is not a good idea to copy a strategy for 100% too. First of all, you should practice trading in the demo account for getting new experience in the markets. In addition, you can learn strategies and get higher knowledge through the education center of the broker or the internet.

On my site "Binary Options Strategy" you can learn about my best method to trade the markets. It is important to get a trading routine by strict rules. It should be lite a system which is working correctly. In conclusion, there are a lot of good working strategies on the internet but most traders do not follow the rules exactly. It is very hard to trade the exact rules for a human.

Create a checklist for your trading routine, I will give you an example:

Check out the market news Which time is it? Which markets are open? Where was the open of the markets? Are there any support and resistance prices in the market today?

Development of a trading strategy.

Personally, I got strict rules for entering the market. My "false breakout strategy" allows me to trade only on certain levels in the market. I am searching for highs and lows and wait for the break. That's all that I am doing. Very simple and clean. But it is hard to follow the rules every time because the market always moves and maybe gives you other opportunities to trade. I try to ignore the other opportunities for better results of my strategy.

(Risk warning: Your capital can be at risk)

5. Do not do overtrade.

This is the last tip for trading successful Binary Options. Overtrading is one of the most common mistakes of binary beginners. Especially for a short-term day trader, it is difficult to do not to overtrade. That means to trade a high volume in a lot of different trades. In my opinion, you should make a rule that you do not trade more than a certain amount in one hour. The problem is the concentration of human consciousness.

In addition, it is important to take breaks from trading to get a recap and relax for some time. Short-term trading is one of the hardest methods to trade the markets. The price always moves very fast from one end of the chart to the other end. I recommend trading a maximum of 1 hour and then do a break for 10 minutes. Do not become addicted to the markets. Often it will blow up your account if you do not trade rationally.

Just spend one hour by trading the markets Do a break after it Start again for one hour There should be a daily time limit and trade limit.

Read my full article about how often should you trade.

How to win Binary Options everytime? - Is that possible?

Did you ever ask this question to yourself? From my experience, it is impossible to win every trade. The best traders got a hit rate of more than 70%. They also got lose trades or strikes. It is all about the probability to win in the markets. The probability cannot be 100% because there are other humans who react to the markets. You can not make a forecast for 100% about a human reaction.

Another possibility to get knowledge about the hit rate of your strategy is to do research and analyze bar by bar the last price movements. Do it by yourself and you will find out that there is not the same price movement occurring every time. In addition, you should never trust somebody who says that he always wins Binary Options.

In conclusion, the key to success is practicing trading and getting more knowledge about the markets. The best way to practice is a free demo account with virtual money. It is simulating real money trading and you trade without any risk. After you learned a proven strategy the way is open to earning a lot of money.

What are the best trades for beginners?

Binary Options is a flexible financial product. You can customize the trade like you want before you click the call or put button. But what are the best options for beginners?

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