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Binary Trading Strategies 2020 – Best Binary Options Strategy
Developing binary options strategies can be a very difficult task if you don’t know what you are doing. This is why you should be practicing your method for quite some time before the live account gets going. There are several things you can do when it comes to a strategy. Learning everything you can about the markets you want to trade is the first and foremost part of the process. Without common knowledge of the asset you want to trade the likelihood of it working diminishes greatly.
What does it take to create a winning strategy? First of all, it takes a lot of dedication. Developing simple binary options trading strategies is a key to success. You may put in hours upon hours of time into making a working method. The key is not to get discourage if you aren’t successful at first. During the development you will learn the markets so well, that a hidden gem may pop up and save you. Keep pushing to find one that works. Also, don’t try and find or build the holy grail of binaries. The odds of this are zero. There are no sure bets in trading or safe harbours. All you need is a better winning percentage than losing. We’ll break down some of the things to help you get started on you strategy development process in our binary options trading school.
Binary Options Trading Strategy
If you are a better than average trader and can understand the markets this is where you want to start. You feel like you’ve watched the markets for some time, and you are ready. You must think about what might work and might not work. Rule out all the garbage so you don’t waste your time. Take a look at what you’ve done so far.
Are you a short-term or long-term trader? Are you looking to take 60 second binary trades or daily? Bring all the information to the table and then go from there. Once you have this you can start picking the assets you want to trade. Look for patterns on the charts (trading with candlesticks) or use indicators to help you decide. Price action is your friend so make sure you include that as well. You have a lot to consider. After a while things should come together for you to start testing. If you find something that has potential, you must backward and forward test. You’ll be happy you did before real money is at stake.
You need to pick a broker where you will apply your strategies from our binary options brokers list. Be sure you do not find a random broker or an offer you mysteriously received in your inbox. You can check out the IQ option platform, which is the best trading software in our opinion. If you reside in USA you should read our Nadex review.
Copy Someone Else’s Strategy with a Binary Options Robot
Don’t feel bad copying another traders work with binary options robot. Take a strategy you found in Binary Options University or in a book and do your own testing. Be sure it works the way the developed says it does. Again, test and test some more. This will help you over the long run. If you find some success after a while you can then bring it to the IQ Option trading platform. Over time you will see if it is successful or not. Again, don’t get down if it doesn’t work. This is a long process.
Free Binary Options Trading Strategies
If you are feeling really good about your fundamentals of binary trading skills, you can take someone else’s strategy and make it your own. The strategies we suggest to apply are all free binary options trading strategies. We do not charge you to use our website and large portfolio of websites. You can apply a moving average or some kind of trading indicator to help rule out the noise. There is so much you can do to an existing strategy to make it that much better. Don’t try and reinvent the wheel if it is working. A lot of times people tweak methods and make them worse. This leads you to believe the original strategy isn’t good. You can always change what you have, but remember you won’t know for some time if it is good or not.
Test the Binary Options Trading Strategy
As mentioned above, this is probably the most important part of developing a strategy. Testing it can save you tons of money. We would say time, but the fact is it takes time to practice and make it right. Some have tried to trade with binary options robot where others have been chasing higher binary options payouts via touch no touch binary options.
How do you test a strategy? Easily, all you have to do is open a 24option free demo account or alternatively use the binary.com app and you are well on your way. You of course need the charting software to manage the price action. Bring the two together and you are well on your way. No matter if you are using indicators or just plain price, you have to put it to work and see if you get a decent winning percentage.
4 Simple Binary Options Trading Strategies
One of the biggest differences between binary options trading and simple gambling comes from the fact that gambling requires little or no strategy and is based more on probability and “luck.” Options traders rely on more complicated approaches, however, but formulating a strategy can seem incredibly difficult in the early stages. Here, we will look at some of the factors to consider when you are developing your strategies in order to ensure that they meet your investment needs and allow you to use your strengths to maximize gains.
1: Selecting Your Time Frames
One of the first factors to consider is the trading time frame, and it can be argued that this is even more important for binary options than it is for other types of trading. This comes from the fact that your trading time period must be outlined before the actual trade is even open.
Selecting your time frame will depend on a variety of factors. What type of trader are you? How much time (on a daily basis) do you have to devote to managing your trades (and in looking for opportunities)? Do you prefer a fast-paced approach (such as those seen in 60 Seconds options)? Or a more conservative, long term approach (using weekly or monthly options expiries)? Are there any economic events (such as an interest rate decision or corporate earnings release) which will affect the performance of the trade?
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All of these factors must be addressed when defining the parameters of your trade, and the results here will vary from person to person.
2: Selecting Your Binary Trading Assets
The next element in formulating your strategy is to decide on your trading assets. Do you have a strong knowledge base for a particular asset type? If, for example, you have a firm understanding of the stock market (and are able to interpret earnings statements) it will make sense to focus your attention on those markets. Alternatively, if you have a strong understanding of macroeconomics (constructing trades with economic data), you might prefer to focus on commodities or currencies.
There are factors that have a special influence on each these asset types, so it will be important for you to be able to actively trade during those events. For commodities, this might include events like the weekly inventories report in oil, whereas in currency markets it will be important to monitor the markets when major central banks are conducting their meetings.
3: Technical Analysis or Fundamental Analysis?
After you have decided on your trading assets and time frames, you will need to determine your forecasts for price direction. To do this, traders will either work from technical (chart) analysis, fundamental analysis (a study of economic reports), or some combination of the two. If you tend to be more skilled in areas of math and probability, you will likely be better suited for chart analysis. For the more “right brained” trader, this time might be better spent assessing recent economic data that is likely to influence the prices of your asset.
Most traders will use a combination of these two strategies, waiting for a major economic event to generate an overall bias (for prices to move either up or down), and then use technical chart analysis (using price charts) in order to decide on exact price levels to establish the trade. This can be helpful in increasing the probability for a successful trade, as it ensures your trade is supported by economic data and asset valuation.
4: Use Strengths When Formulating a Binary Options Trading Strategy
Formulating your binary options trading strategy can seem like a daunting task. To be sure, forecasting the future prices of an asset is complicated. But when we break down the process into its component parts, the process does start to look attainable. Most of these elements will be based on your investment needs.
Do you want to be an aggressive trader (higher risks and rewards), or do you want to take a more conservative approach (extending your trading time frames)? Fortunately, the markets have evolved in ways that cater to traders of all styles and investment goals. So, no matter which avenue you choose, there is an accompanying binary trading strategy that can be matched to your trading character.
10 Tips for Winning Trading Binary Options Strategies
Strategies are an extremely important part of trading. Some binary options trading strategies are proven to work extremely well, while others may be shared with others prior to being fully tested. The following 10 tips can be used regardless of strategy and trade type. Each of these can help prevent substantial losses and should also help in the accumulation of higher levels of profits.
1:Never test a strategy by investing any amount that will make it difficult to absorb a loss.
Trading does involve risk and no strategy can place the trader in the money 100% of the time. Only invest amounts that equal a small percentage of your total account funds. Your binary options trading education is important to remember while trading.
2:Money management skills should not be ignored when using strategies.
The same principles of fund management should still apply regardless of whether the trade is extremely basic or strategy-based.
3. Be patient
When investing smaller amounts in order to test strategies, don’t expect to generate substantial profits. Patience is a virtue, and having this trait will allow for reasonable trades to be made while important skills are gained.
4: Never force any trade, regardless of how desperate you are to test a strategy.
Market conditions must be considered, and analysis should be completed. Profits most often come from waiting for the right trade and then purchasing a contract. Forcing a trade is never a good thing.
5: Remain aware of financial economic data releases each day.
These can greatly impact the price of an asset and could easily render a binary options strategy useless at times. Monitor financial news at all times in order to avoid a high number of losses. Be sure you can get your money out if you win. Avoid trading with brokers on our binary options scams blacklist and instead be sure using the cashier like olymp trade withdrawal or other respected trading platforms.
6: Watch for stagnation in price movement.
It is not uncommon for asset prices to remain very stable just prior to announcements being made in regard to them. Once the latest information has been processed by investors, the asset price should quickly begin moving again. These period could either be problematic or advantageous when using certain strategies.
7: When using strategies to trade currency pairs, capitalise on time frames when liquidity is at its highest.
This is often the time period when the London and New York markets overlap and are both open for business at the same time. Other market overlaps also occur and could prove to be excellent trading times for currency pairs.
8: Always note the outcomes of trades made using strategies.
Doing so will allow you to quickly determine which strategies are most effective. It will also allow ineffective strategies to be eliminated.
9: Regardless of strategy type, when several losses occur in succession, stop trading temporarily.
This time away can be used to re-evaluate the ever-changing market and adapt to current conditions.
10: Be willing to accept that some trades will end out of the money.
Emotions will play a role in trading. By being willing to accept loss as a part of the process, it will be much easier to press on and make the changes needed in order to profit more often than not. You need to learn itm and otm meaning in finance.
Strategies are too important to be ignored. New traders will want to make use of the most basic methods before moving on to more advanced methods. With time will come an understanding of how strategies are developed and how to alter existing binary options strategies so as to render them even more effective.
CONCLUSION OF BINARY TRADING STRATEGIES
The truth is, there is no holy grail trading system. If you can create one, please let us know. However, there are strategies that work that are available now or just waiting to be created. Figure out what type of trader you are during this phase and try to develop the best method possible. Use your binary options demo account wisely and don’t force any real money into the creation process. Once you have a good sign, run with it and see what it can do for you. If you have something that works over time, then you are in great shape.
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A Guide to Trading Binary Options in the U.S.
Binary options are financial options that come with one of two payoff options: a fixed amount or nothing at all. That’s why they’re called binary options—because there is no other settlement possible. The premise behind a binary option is a simple yes or no proposition: Will an underlying asset be above a certain price at a certain time?
Traders place trades based on whether they believe the answer is yes or no, making it one of the simplest financial assets to trade. This simplicity has resulted in broad appeal among traders and newcomers to the financial markets. As simple as it may seem, traders should fully understand how binary options work, what markets and time frames they can trade with binary options, advantages, and disadvantages of these products, and which companies are legally authorized to provide binary options to U.S. residents.
Binary options traded outside the U.S. are typically structured differently than binaries available on U.S. exchanges. When considering speculating or hedging, binary options are an alternative—but only if the trader fully understands the two potential outcomes of these exotic options.
Now that you know some of the basics, read on to find out more about binary options, how they operate, and how you can trade them in the United States.
U.S. Binary Options Explained
Binary options provide a way to trade markets with capped risk and capped profit potential, based on a yes or no proposition.
Let’s take the following question as an example: Will the price of gold be above $1,250 at 1:30 p.m. today?
If you believe it will be, you buy the binary option. If you think gold will be below $1,250 at 1:30 p.m., then you sell this binary option. The price of a binary option is always between $0 and $100, and just like other financial markets, there is a bid and ask price.
The above binary may be trading at $42.50 (bid) and $44.50 (offer) at 1 p.m. If you buy the binary option right then, you will pay $44.50. If you decide to sell right then, you’ll sell at $42.50.
Let’s assume you decide to buy at $44.50. If at 1:30 p.m. the price of gold is above $1,250, your option expires and it becomes worth $100. You make a profit of $100—$44.50 = $55.50 (minus fees). This is called being in the money. But if the price of gold is below $1,250 at 1:30 p.m., the option expires at $0. Therefore you lose the $44.50 invested. This called out of the money.
The bid and offer fluctuate until the option expires. You can close your position at any time before expiry to lock in a profit or a reduce a loss, compared to letting it expire out of the money.
A Zero-Sum Game
Eventually, every option settles at $100 or $0—$100 if the binary option proposition is true and $0 if it turns out to be false. Thus, each binary option has a total value potential of $100, and it is a zero-sum game—what you make, someone else loses, and what you lose, someone else makes.
Each trader must put up the capital for their side of the trade. In the examples above, you purchased an option at $44.50, and someone sold you that option. Your maximum risk is $44.50 if the option settles at $0, and so the trade costs you $44.50. The person who sold to you has a maximum risk of $55.50 if the option settles at $100—$100 – $44.50 = $55.50.
A trader may purchase multiple contracts if desired. Here’s another example:
- NASDAQ US Tech 100 index > $3,784 (11 a.m.).
The current bid and offer are $74.00 and $80.00, respectively. If you think the index will be above $3,784 at 11 a.m., you buy the binary option at $80, or place a bid at a lower price and hope someone sells to you at that price. If you think the index will be below $3,784 at that time, you sell at $74.00, or place an offer above that price and hope someone buys it from you.
You decide to sell at $74.00, believing the index is going to fall below $3,784 (called the strike price) by 11 a.m. And if you really like the trade, you can sell (or buy) multiple contracts.
Figure 1 shows a trade to sell five contracts (size) at $74.00. The Nadex platform automatically calculates your maximum loss and gain when you create an order, called a ticket.
Nadex Trade Ticket with Max Profit and Max Loss (Figure 1)
Forex Binary Options Risk Hedging Strategy
When does a trader become more professional? In many ways, when his main task is not to earn more, but earn with minimal risk. It is at this moment that he begins to interest position hedging strategies.
If you start to understand this issue in more detail, you can find many trading hedging strategies that are considered successful and worthy of attention. Among them you will find locking, i.e. opening the opposite direction of the transaction for the same asset (example: initially unsuccessfully open transaction buy by EURUSD hedged by a deal sell by EURUSD, while the size of the loss is in the “lock” until the moment when it is not possible to close both positions in plus or with minimal loss), hedging asset with a high positive or negative correlation (example: transaction buy by EURUSD insured by a transaction buy by USDCHF; assets traditionally have a high negative correlation), and others, on a principle similar to these core ones.
Other binary options articles
Binary Options Hedging
In this article, ForTrader.org magazine suggests you try another version of a hedging strategy that uses an asset from another market, but similar in nature to the main one. We are talking about binary options on currency pairs. ABOUT the concept of binary options, & lt; / RTI & gt; types of and application, we talked a lot in previous releases, so we only recall that binaries are a simplified derivative financial instrument, similar in logic to “betting” transactions. At the same time, having a high percentage of profit with a positive execution: 80-100% and higher, with a loss the size of the contract is completely lost. In addition, the basis of a binary option can be any other traditional asset: stocks, indices, bonds, futures, metals, including Forex market instruments.
So what does this give us? The basis of a binary options trading hedging strategy is solely the fact of a high percentage of profit, which can cover the losses of traditional trading with the correct calculation of risks. Consider an example.
Using the One Touch Binary Option to Hedge Risks
So, we have an open position to buy at EURUSD 1 lot at a price of 1,35914 with stop loss at the level of 1,35503 (41 points) and takeprofit at 1,36822 (91 points). We opened the deal on the basis of technical analysis (see Fig. 1).
At the moment, the deal is in positive territory and we are confident that the price will move up, however, we do not want to lose the profit we have already made. In this case, there are several options for further action:
- Continue to hold the position unchanged.
- Close position with current profit.
- Set a stop order in the breakeven zone.
- Hedge a position.
How to work on the first three points, everyone knows, and the choice among them depends entirely on the strategy of the trader. But what does it mean “hedge a position“, Let’s figure it out.
So, we assume that EURUSD will grow at least one more day, and in general with a high degree of probability it will close on takeprofit. But there are still fears of a strong pullback, for example, in case of news release from the Fed in a negative way, so we have a desire save your money.
Fig. 1. An example of an open transaction.
To do this, look first of all at our stoploss. He makes up 41 item, taking into account the deposit, leverage and transaction volume, 1 point at us costs $ 10. As a result, under adverse circumstances, our position will close at a loss 41 * 10 $ = 410 $. With a good combination of circumstances, the profit will be 91 * 10 $ = 910 $. Therefore, when buying an option, we need to win back at least $ 410. Given 90% profitability, we need to buy one-touch contract for 1 day for sale at a price of $ 460 with profitability in case of execution of $ 414.
What do we do as a result? The “one touch” option works in such a way that for any touch of the price of the mark indicated by us, we get a designated profit. At the same time, a stoploss transaction is being closed, therefore, having a loss on a currency pair of $ 410, we get a profit of $ 414 on the option. The difference of $ 4 is taken away. In the case of continued movement and triggering of takeprofit, our profit decreases by the size of the contract: $ 910 – $ 414 = $ 496. In both cases, we remain in the black.
Nuances of using binary options hedging
It is important to understand that using a binary hedge option is only profitable when profit on the main trade is significantly higher than the stop.
Also, existing profits should be considered: if it is higher than your earnings if takeprofit is triggered, minus a hedging position, then, of course, it is more reasonable to simply close the deal. Those. in our case, if the current profit is already 50 points or $ 500, or close to that, then it is more profitable to take profits than to hedge with a maximum increase in output of $ 496.
Also, when working with options, you should include the time parameter in your strategybecause it is mandatory when concluding a deal with binaries. If you are not sure that during the day, as in our example, there will be flat movement, it is better to use the break-even transition, so as not to get two minuses instead of one small plus.
One way or another, as in any other form of insurance, you bear certain risks. It is required to think over options in advance and calculate profitability, especially in transactions with binary options. However in many cases this method is very profitable, especially if you are trying to withdraw the account from the minus with already locked positions.
FORTRADER magazine experts
FORTRADER Magazine is a large team of experts in trading in financial markets. Traders, managers, investors, programmers, testers, technical administrators – we all work for you every day for many years. Sometimes we write articles together, then the whole journal becomes the author.
Binary Options Minimum Risk High Profit Strategies
This is invincible… Its hard to lose with this strategy…
I am going to show you how to double your money every 10 days with MINIMUM RISK
Sounds too good to be true….
But if I rephrase the above sentence like “I am going to show you how to make 10% profit everyday”.
If you know about binary options and its potential, you’ll probably say “What the crap? I can make 70% profit in a single half hour trade in binary options”
If you can really make that kind of profit consistently, this is not for you.
But if you have been excited about making big money from binary options but have only faced the losses till now, your destiny is about to change.
The keyword here is “MINIMUM RISK”.
Every binary option product in the market will say “$500 in 60 seconds”, “$1500 in one day”, “$1000 in an hour”, but no one talks about the long term consistent money.
This is because no one can guarantee you a consistent profit. The reason is the risk associated with the binary options. This is where my strategy differs from the rest as it is designed for long term and consistent profits.
These days, everyone says that binary options is an easy form of trading… anyone can trade in binary options… you dont need to know the market basics to profit in binary options… I beg to differ.
Without the proper know how of the market and trading, you may win occasionally, but overall you will only face losses. Binary Options is not simply guessing, whether the market will be up or down after certain time. There are important questions which need to be asked and analyzed…
- Up or down.
- What’s the trend.
- Are there chances of trend reversal.
- What should be the expiry time.
You cannot just guess all these answers and expect to get all of them right at least 60% of the time. So this requires you to understand the market if you really have to profit consistently from binary options. And thus comes a huge risk for the trading virgins out there.
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So what should you expect from my strategy…
I am not going to teach you about the market basics and all that technical crap… although my strategy requires you to understand some of the basics.. some very minor ones, which you may already know.
I am going to show you a strategy which keeps the simplicity of binary options for newbies and simply reduces the chances of losses and hence reduces the risk. With my strategy, the probability of getting all the above questions answered correctly increases and you profit from most of your trades.
Let me get you a little more excited by showing you the money at stake. If you start from the initial investment of $100, here are the profit levels that you will reach:
- After 10 days – $200
- After 20 days – $400
- After 30 days – $800
- After 40 days – $1600
- After 50 days – $3200
- After 60 days – $6400
If you consider 20 trading days in a month, you will have $6400 after 3 months. And once you reach 5000 mark, you just have to double it every 10 days to make a handsome $10000 easily with very little work and with MINIMUM RISK.
All you will ever invest is $100. In fact, you can invest as little as $5 and keep doubling it every 10 days with my strategy.
So allow me to present to you my goldmine, my secret system, my strategy that will double your money every 10 days guaranteed.
Firstly, in order to use my system, you will have to open an account with binary.com. Binary.com, a company of Regent Markets, is a very old and highly respectable broker. It is important to open an account with Binary.com as they have a unique feature which allows you to select your own barrier and expiry time when trading Touch options and High/Low Options. The returns are adjusted based on the current market value, the selected barrier and the expiry time. This feature is not offered by any other broker and this is exactly the feature that we require for my strategy.
Another great feature offered by Binary.com is that they offer you to create a demo account without having to invest even a single penny. Once you are good to go, you can create a real account and deposit the real money. The minimum deposit amount is just 5$ and the minimum trade investment is just 1$.
Binary.com offer 4 types of trades:
- Rise/Fall: The usual binary option trades where you have to predict whether the market will be up or down from the current level at the expiry time.
- High/Low: This is similar to Rise/Fall Trades except you yourself get to select the barrier instead of the default current level. The return profit percentage is adjusted according to the selected barrier and expiry time.
- Touch/No Touch: Here, you have to predict whether the market will touch or not touch the selected barrier before the expiry time. Again, you yourself get to select the barrier. The return profit percentage is adjusted according to the selected barrier and expiry time.
- In/Out: This has 2 variations:
- Stays Between/Goes Outside: Predict whether the market will remain between or go outside the selected Low and High Barriers before the expiry time.
- End Between/Outside: Predict whether the market will be between or outside the selected Low and High Barriers at the expiry time.
For my strategy, I will be concentrating on Touch Options.
Binary.com has six type of assets – Forex, Stocks, Sectors, Commodities, Indices and Random Indices. Random Indices are their own version of indices based on randomly generated numbers. Although, they can be profitable and they are available 24 X 7, they are highly unpredictable and I don’t really prefer to use them for my strategy.
Touch Options are not available for Stocks and Sectors. For Indices, the minimum expiry time is 7 days, so not useful for my strategy.
For Commodities, the minimum expiry time for Touch options is 15 minutes. For Forex, the minimum expiry time varies from 15 minutes for some Forex pairs to 1 day for others. Expiry time of 1 day means that if I place a trade today, it will expire tomorrow at 23:59:59 GMT.
This is the reason why I prefer to trade with Forex because my strategy concentrates on daily targets.
Another important feature of Binary.com is the ability to Sell the trade prematurely. So if I have made a trade on EUR/USD with expiry time of 1 day, I will be able to Sell it before today end i.e. 23:59:59 GMT. The rate at which the trade is sold is displayed and keeps on changing according to the current state of the trade.
Learn the concept of matching trades… Click here to earn big from binary options without risk
With all that information, let me reveal my strategy.
As I said before my strategy works on daily target of 10%. If you have more time, you can go for 20% and if you want to be more cautious, you can go for 5%. (Read my last sentence very carefully, I’ll come back to it later)
So here’s my strategy for Touch options.
Go to Trade -> Touch/No Touch tab
You can select the market and it will show you the Current spot of that market. Then you can input a barrier and duration for which you want to place a trade. The payout refers to the total amount that you will receive along with the profit if you win the trade.
You can also see 2 trade options on the right. In the above example, in order to get a payout of 100$, you will have to buy the Touch trade at 61$ i.e. your trade investment. That means if EUR/USD touches 1.23746 before 1 day, you will make a net profit of 39$ i.e. 63.9% profit of your invested trade amount of 61$.
As you make the barrier closer to the current spot, the Return percentage for Touch option decreases. For No Touch options it goes over 500%, but that is not important to us.
You can also see the trend graph at the bottom of the page. You can select ticks, minutes, hours or days trend for the selected market. The below graph shows the hourly trend. You also have the option to see different chart types like line chart, dotted or as shown below candlestick chart.
Looking at the graph, it is easy to predict that it will touch the barrier of 1.2313 in not more than an hour or two from now. So if you invest 100$ in the Touch option right now, you will make around 5$ profit, absolutely risk free.
How to place and monitor your trade
Placing the trade in Binary.com is easy.
Once you have selected the market to trade on and the target barrier, just go to Trade –> Forex –> Touch/No Touch tab, select the market, input the barrier and duration (in our case, 1 day), select the Payout that you want from the trade (Investment + Profit). You will get two options on the right – one for buying touch option and other for No Touch option. Click on “PURCHASE” button of Touch option and that’s it.
Once you have made the trade, you can see it in your Portfolio.
You will see the Trade Details, your Purchase Price and the Indicative Price of your trade. Indicative Price is decided by the current state of your trade i.e. the time left and the closeness to the barrier among other factors.
If you click on View, you can see more details about your trade and can also get the “Sell At Market” option.
If you have made the trade of 1 day, the Sell button will remain active till the end of current day i.e. in above example, I made the trade on 13th February, so the Sell button will remain active till February 13, 23:59:59 GMT. Note that the trade of 1 day made on February 13 will expire on February 14 at 23:59:59 GMT.
For our strategy, we will never have to use the Sell button, but it is just nice to know that we have the option of selling our trade prematurely.
Once your Touch trade is successful, you can see the profit details in your Profit Table.
Also notice that the Sale Price is the Payout that we had selected. So that will make you a profit of $3.73, absolutely risk free.
The above trade took about 50 minutes to reach the target barrier. Normally, these trades may take about 2-3 hours to complete.
This is why I had said earlier that if you have more time, you can aim for a daily target of 20% as it will take 3-4 trades to earn 20% profit from such trades. Also, I had said that if you are more cautious, you can select just one perfect trade a day and earn 5-10% daily.
Making it INVINCIBLE
Let me take an example of EUR/USD. Go to investing.com. Investing.com is a definitive source for tools and information relating to the financial markets such as real-time quotes and streaming charts, up-to-date financial news, technical analysis, brokers directory & listings, an economic calendar, and tools & calculators. The site provides in-depth information on Currencies, Indices & Stocks, Futures and Options, Commodities, and Rates & Bonds.
Go to investing.com. You can see the complete technical analysis of all the major forex currency pairs on investing.com. Just select the currency pair in which you are looking to trade in.
Under the Technical tab, you can see the various Support and Resistance points for the currency for different time scales from 5 minutes to 1 day. Also, the overall Summary is given from “Strong Sell” to “Strong Buy”. You dont need to understand the technical details of Support and Resistance points for my strategy. Just need to know that all these figures together provide you the guarantee of a successful trade, but this is not important for us right now.
In the General tab, select Historical Data. Here, you can see the Open point, Closing point and High and Low values of EUR/USD currency pair for each day of the selected duration.
Select the data for duration of over 6 months and copy it in a spreadsheet. Now compare the Open time for each day with the highest point of the day. Do the same with the Lowest point of the day. The data that you get also include the Saturdays, so remove the Saturdays from the list as there is not much movement on Saturdays.
Now if you’ll see the two calculated values i.e. (Highest – Open Point) and (Open Point – Lowest Point) for each day, you’ll see that for about 75% of the days both the values are above 0.001 i.e. the market moved 10 pips from the Open point in both directions.
What it means is if you make a trade right at the start of the day i.e. with Open point as the current point, there is 75% chance that you will win the trade even if you have made the trade with your eyes closed.
Now, if you look for the days when the market has not moved more than 10 pips in either direction, you won’t find any such day.
So we are left with the days when the market has moved very less i.e. less than 10 pips in one direction. For these days, just looking at the trend line will tell you about the trading direction. So this makes your trade 100% secure if you make a trade close to the Opening time of the day i.e. 00:00 GMT.
I haven’t touched any technical aspects of Binary Options till now. I haven’t asked you to do any sort of data analysis before placing a trade, apart from just looking at the trend. I have just introduced you to investing.com and given you the hint that I am going to use the data from investing.com for my strategy.
But still, using only the knowledge that you have till now, you can start trading. Just open an account with binary.com and make a trade on EUR/USD using the above mentioned guidelines and timelines. Just give it a try for 5 days. You can use a virtual money account for now.
Please do let me know whether you succeeded or failed.
Covering up all bases
In order to reduce the maximum possible risk, some level of analysis is required before placing a trade. And there comes my MAGIC STEP.
THE MAGIC STEP
There are 2 things which you should consider when choosing your trade:
- A growing trend
- A strong indicator
If you kept waiting for some hard hitting trend to make a trade you’ll not be able to make any profit. You don’t even need a strong trend for this strategy. You just need a subtle trend.
More than a strong trend, you need a strong indicator. Indicators are available on investing.com. As I mentioned before, the Support and Resistance points, the Strong Sell to Strong Buy indicators, all these figures together provide you the guarantee of a successful trade.
So all the data, facts and figures are right in front of you. You just need to put it together to achieve profits every time you trade. For the people, who are scared of so many numbers, my MAGIC STEP is just for you. It does not involve any in-depth analysis of all the numbers and facts and figures. It just involves certain rules which can be understood with just one look at the screenshot I had given before.
My MAGIC STEP makes it all so easy for you. There is no technical expertise required in order to understand my MAGIC STEP, even a complete novice can understand it. Its just a set of rules that you should follow before placing a trade.
…and it comes to you for just $10.
This magic step really makes each and every trade of yours invincible. I guarantee, that you will be able to recover your $10 in 1 day.
Although my strategy itself is very low risk, but this step removes even further elements of risk. This Complete Money Making Guide educates you about:
- The MAGIC STEP – a set of rules that you should follow before placing any trade
- How to find the target point of your Touch Option trade
- How to monitor your trade in detail
- A strategy that makes your trade end successfully and quickly
- Making it invincible strategy in detail
However, you can easily and safely use my above described strategy even if you decide not to buy my Binary Options Strategy – The Complete Money Making Guide.
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