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What are good strategies for trading binary options?
The best strategy, in fact the only way you have a chance with binaries, is to do the OPPOSITE of what they tell you to do, the opposite of what nearly everyone does. Makes sense since binary option traders suck worse as a group than any other traders. They could lose money as an olympic sport. The binary options business is so lucrative that brokers will pay you a 35% commission on deposits for introducing a customer, and still make a lot of profit. In other words, its a scam. Unlike other forms of trading where the broker doesn’t make money if you lose, with binaries your broker makes, instead of a nominal commission, in most cases keeps your whole account. Now assuming you have a broker that actually pays out if you win (there aren’t many, honestly, > 80% of brokers are just ripping you off and never paying out). Here’s how to do it.
Everyone wants to have the 10 bagger win, buy the out of the money option for $15 and have it close at $100. DO THE OPPOSITE. Buy the option which is IN THE MONEY, about to close true. Experiment with the time to close, for 2 hour binary options about 30 mins is good.
Do a check of the upcoming announcements at Economic Calendar | FXStreet Don’t trade anything with an announcement before your binary closes.
Try and buy options you think will close true 90% of the time, for $75-$80. No more than $80 - this is your edge.
If your option becomes OUT OF THE MONEY, trades below the strike price, it becomes a coin flip and exit immediately. (note that binary options brokers don’t let you use stop losses since they want you to lose a lot not a little)
Keep accurate records and stop trading and start paper trading if your win rate drops below 80% for 5 consecutive trading days.
This is a strategy with a very small edge. If you take 10 trades a day you should make money most days, with big drawdowns. It is not suitable for big accounts, and not suitable for compounding into a big account. The only possible use is small and consistent income. On the whole I do NOT recommend the binary options business. It is riddled with scammers, and has terrible hurdles to overcome. If you must play, however, this is the way. To win at binary options try using professional trading signals. This might give you the necessary edge to win. More info herehttps://winatbinaryoptions.com/signals/
10-30 08:43 - 'Hi I've been trading Binary Options for about 6 years now I have come across alot of negative press, but the simple thing is that people think that strategy works and using robot systems, Let me tell you it DOES NOT WO...' by /u/Krisnguyen3179 removed from /r/Bitcoin within 481-491min
''' Hi I've been trading Binary Options for about 6 years now I have come across alot of negative press, but the simple thing is that people think that strategy works and using robot systems, Let me tell you it DOES NOT WORK, you trade binary purely on fundamentals the news that comes out and having a proper risk management system in place, as the entry point is key, you also have to be careful of what brokers you use as there are 2 types market makers and STP. I am making around £50,000+ per month consistently using simple and easy steps, if you would like to know how,and proofs of how it works Kindly contact me and get my strategy for free.. Whatsapp or Text me at +1 (323) 618-1912 ''' Context Link Go1dfish undelete link unreddit undelete link Author: Krisnguyen3179
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