Top 5 Binary Options Beginner Tips

Many beginners in binary options trading often do not have all the necessary information about this kind of earnings trading. That, of course, leads to a loss of capital. In order to begin to make a profit immediately, we advise you to read the tips below. They will help you to quickly learn and start making money on binary options.

 

Desire and perseverance

 

Not one goal in life is given in vain. From personal experience, we know that sometimes we have to fight for our dreams. If you really want to become financially independent and free, if you want to become a real trader, then you need to act immediately. Remember, every minute, every second that you devote to learning is bringing you closer to your goal. This is the law of life, we do not do anything for nothing.

The first tip: Take, write on your paper all its goals and the date when you want to achieve them. Take the second sheet of paper and write your plan to achieve these goals. Every day, looking at these two sheets of paper, you’ll be charged with energy and force. You do not even notice how time flies, and all of your goals will be achieved.

 

Learning constantly

The first thing you need – is to start learning. If you already have experience in the financial markets trading, this step is not for you. If you are only just starting to explore the world of quotes, currencies, numbers and trends, the first thing you need is an information. You must clearly understand what you want to achieve in the trading. And if your goal – is to become financially independent, then be prepared to become a professional.

In fact, it is not necessarily to spend half a lifetime to learn in order to start making money, rather it needs only 1-3 months of hard work, and the goal is reached. But of course if you want to make trading a sense of your life, then you can safely continue to study the necessary literature to look for new ways of trading, etc.

 

Training

Do not rush to open a real account, try your hand at the demo. Although we do not recommend to lean on a demo account because it is also harmful, as you begin to treat trading as a game, thus losing self-control and sense of risk.

It is logical to open a demo account for binary options trading in the first days of learning the topic. Some theory, some practice and you’ll already have the first results. It is very important to trade on the demo account during learning in order to absorb the material better.

 

Binary options are not gambling

We do not tire of repeating that the most important mistake of all traders without exception, is perception to the binary options trading as a game. Even trading Martingale approach, you should comply with the restrictions.

If you play, then you will always have a desire to go for broke to win back the lost. We recommend you to define always for yourself the amount or percentage of the deposit, that you can afford to lose today, in the case of unsuccessful trading. Instead of winning back lost, it is better to focus on the analysis of the situation that led to the losses. The next day, starting your trading, do not put yourself  goal to recapture the money lost yesterday. Forget about the lost at all! You now need to reach today’s goal.

 

Learning from the mistakes of others and not looking for the big money fast

Your losses are your experience. In binary options trading, those who learn from others’ mistakes, and does not allow their own, benefits usually. Reviews of binary options, advice of experienced traders the articles devoted to binary options trading will help you to gain the experience. They are a storehouse of knowledge and tips that should be taken into account.

Most popular rookies mistake is they want to get everything at once. They make big bets and lose. In binary options trading you don’t need to rush. To get started, please open a demo account, learn the specifics of binary options trading, listen to the opinions of experienced traders. Only then calculate your risks and the chances of success, open positions and win.

5 Binary Options trading Strategies for Beginners

You decide to try your hand at binary options trading. In binary options, you will not be the player, but mostly, an investor who invested the money in a solid project to earn. That is why binary options trading strategies are your main weapon. There is a big set of such strategies, if you want to succeed, you must actively learn and apply the ones that you like and seem promising. Begin training with simple binary options strategies for newbies. It should be recalled that binary options are a bit of a part of the vast and complicated mechanism – the financial market, which is not chaotic and random, but this market operates according to certain laws and regulations.

 

Diversification Strategy

 

The result of the option is directly dependent on the general situation in the market and the specific current price for a particular asset. Only by applying certain binary options trading strategy, trader can trade successfully and as a result, earn on his investments. Remember that any strategy, even seemingly win-win, does not work ideally all the time. The loss is possible and you can lose money, but, more importantly, do not lose all at once. Allowing the possibility of episodic subsidence of capital, you should not put all the money into one option. It is very risky and reckless. Ideally, you should have the funds, at least for ten investment. Such a reasonable and prudent attitude towards deposit called funds diversification. Let the idea of diversification has never leaves your mind. 

 

Five Minutes Strategy

 

This strategy is uncomplicated, would say even an elementary simple, and it is ideal for beginners who have no experience, no serious capital on deposit. It does not guarantee one hundred percent of success, but its probability, according to conservative estimates, is close to eighty percent. During the day, you can use it repeatedly, increasing thus your small capital unless, of course, you are quite reasonable, and good luck will not turn away from you. Five Minutes strategy is based on the fact that many brokers allow you to buy options on their extreme extent – in five minutes before the expiration. All you need is to rummage around the assets in the market and find one that is stable and growing for a long time or, conversely, decreases. Do not forget to trace its maximum value, which, for sure, this time may be a turning point for the trend, and reached a historic high, trend likely will change the motion vector to the opposite.

                                Appropriate Trend for 5 Minutes Strategy 

 

Martingale

 

The principle of the Martingale is considered to be less risky and safe when trading binary options. Martingale principle is based on doubling the following amounts, if the previous trade failed. That is, if you lose $100, you have to trade again with an amount of $200. If you lose $200, it is the time just to put $400. You should double your trading amount as long as you win, otherwise all the previous trades to turn very significant loss.

Therefore, to apply the principle of Martingale in its purest form, relying solely on luck, is very risky. You should find the currency pair, with a clear up or down trend of price movement. It is logical to assume that this trend will not change in the near future. You should use this temporary stability. It is more reliable to trade binary options by Martingale principle using binary option indicators. Binary options signals already give you a chance to win, and using the principle of Martingale you will greatly increase it. 

 

15 Minutes Strategy

 

You should track an asset on 15 minutes timeframe, if we see three or more consecutive candles of the same color, let’s wait for a rollback. We should buy binary option after 2 minutes hoping for rolling back. For example, we see that three white candles closed, new candle opens and it goes in the opposite direction – the price decreases. We wait two minutes to make and fix it rolled back and buy Put binary options with a term of expiration at the close of the current candle i.e. after 13 minutes. Buying an option is still recommended in the case when the bodies of three candles together make up more than 15 points.

                                                 Example of Pattern Needed

 

 Triangle

 

Triangles are different, but they all show the imminent breakthrough price. Some of them – are rising, portend the imminent increase in prices and a break up, but falling triangles, on the contrary, are harbingers of its likely fall. Accordingly, traders have to trade on an increase or decrease of the price when you see that the chart has formed the corresponding figure.

                                                           Triangle

In an uptrend, price movement forms the ascending triangle. To see it, trade should visually draw two lines through the points of resistance and support. Resistance line (higher) must be horizontal and support line is located at an angle thereto. It is obvious that in a downtrend, traders have to look for a downward triangle. In descending triangle, support line is horizontal, resistance line disposed at an acute angle to it – on sinking maximum points.

Binary Option Golden Rules

 

 

Binary Option Golden Rules:

we have created a set of ‘Golden Rules’. We suggest that you refer back to these often and let them form the basis of your trading.
 

1. Define Your Trading Plan:  

What  are  your  goals,  objectives,  desires? How  will  you  achieve  these? Are  you  a  high  risk, get  rich  quick  type  of  trader  (gambler)  or  more  conservative  (and  realistic)? Your  trading plan will help to set out a template for your trades, the levels and returns that you will set and  why  you  are  trading. Refer  to  your  plan  often. Your  plan  should  not  be  so  rigid  that  it restricts  any  form  of  flexibility,  but  it  should  serve  as  a  reminder  of  what  you  set  out  to achieve. There  is  simply  no  point  in  successfully  following  a  No  Touch  trade  strategy  for  a month to blow your profits on an impulsive Intraday gamble on the last day of the month!

2. Understand You Objectives and Yourself:

Understand  your  character  and  what  will  motivate  your  trading. Does  your
temperament suit  short  term  trading or  long  term positioning? Are  you  good  at  making  rapid  judgement calls? Do you like to take time to assess situations before jumping in? As we do in life, we all display different characteristics and we demonstrate these traits when we sit in front of the trading screen. Can you adhere to your trading plan and wait for an opportunity to present itself? The answer should be ‘yes’.

Be  honest  with  yourself  and  try  to  form  a  style  of  trading  that  suits  your  character  and purpose. Use  your  trading  plan  to  help  identify  areas  where  you  are  potentially  weak. Structure it to help support these areas when you are trading.
If, for example, you struggle to  cut  your  losses  when  a  trade  is  going  against  you,  then  maybe  defining  a  specific  exit point on your trading plan would be beneficial.

 

3.Risk Management:

Assess  your  risk  management. Never  chase  returns  or  place  too  much  emphasis  on  a particular trade outcome. A losing trade should be a disappointment but not the end of your trading  career. Everyone wants a “get rich quick” scheme but the reality is that, wealth takes   time   to   accumulate.  Remember: slow   incremental   gains   with   good   money management  are  the  keys  to  success. Always  think  in  terms  of  what  you  could  lose,  as opposed to how much you could gain.

 

4.Review Your Trading Strategy:  

Has it come through this type of market before? Is it still generating signals? Is your system mechanical or do you make subjective calls? One key thing to remember is that all 'systems' will generate periods of under-performance. This is true of even the best systems used by top traders. At the end of the day any form of  trading is a numbers game. The objective is to win more frequently than you lose. For  some  systems there  may  even  be  periods  of  not  trading  at  all  until  the  market  criteria that made the system  successful  returns. For  example,  systems  based  solely  on  technical indicators, tend to fair less well during spells of heightened market volatility.

 

5.Money Management:

 As with all trading you should only risk money that you can afford to lose. If placing a trade for  £500  causes  you  to  lose  sleep  at  night,  then  the  chances  are,  you  should  probably  be trading smaller amounts. Similarly, if a particularly high return trade is keeping you glued to your screen 24 hours a day, then maybe you should place it for a lower return in the future.

A  losing  trade  should  give  rise  to  disappointment,  not  devastation. Find  a  level  of  risk  that you are comfortable with and develop a staking plan that will protect your capital following the inevitable losers.

 

6.Remain Mindful Of the Markets:  

Markets  often  work  in  correlation  with  one  another. Forex  pairs  often  work  in  inverse relation  to  each  other. For  instance,  the  EUR/USD  and  the  USD/CHF tend  to  be  inversely correlated,  so  when the  EUR/USD  goes  up,  the  USD/CHF goes  down. A  further  example would be the AUD/USD pair, often referred to as the 'commodity currency,' because of the way in which the pair tracks the Gold price.
By  accounting  for  this  in  your  trading,  you  can  avoid  being overexposed  to  specific  market outcomes. Markets  can and  will often  correlate closely  for  long  periods of time. Beware of placing too much risk across pairs which display similar reactions to market fundamentals.

 

7.Focus:

The trading  world  is  a big  place! With  all the  markets  and opportunities available  it  can  be overwhelming. Find a market (or markets) that you feel comfortable with and keep up with the news flow and what makes it move. You don't have to be rigid on this, but there will be times  when  particular  markets  are  more  attractive  to  trade,  especially  during  periods  of strong  trends. Stick  to  the  major  indices  and  the  big  four  currency  pairs  where  news  flow and  analysis  are  readily available.
Only  look  across  other  markets  as  your  experience, confidence and knowledge grow.

 

8. Adjust Your Trading:

If  your trading  system  is  working  and  your  risk  strategy  is  in place,  start to look  at  yourself for  further  improvements. Psychology  plays a  huge  role  in  trading. By  understanding yourself,  you  will  be  able  to  further  improve  your  trading. Common  mistakes  that  can  be made are trading too much after a loss or too little due to a lack of confidence. 

Try  to  remove  some  of  the  emotion  out  of  your  trading,  especially  when  you  are  trading larger sums. However, don’t jump in too quickly. Earn the right to trade larger amounts and learn to be self critical. Analyse the way you react when a trade is going against you. Do you hold  until the  bitter  end or  jump  ship  too  early?
Note  your  responses  on  your trading plan and be aware of them when, in future, you find yourself in similar situations. If  you have  adjusted  badly  to  the  situation,  try selecting only  your premium  ideas  or  lower your  stake  sizes  to see  if  this  affects  your  mental  well-being. Rebuild  your  confidence. Confidence is good for your trading, over exuberance is not!

 

9. Enjoy Your Profits!

It  is  our  view  that  any  activity  that  you  undertake  in  life  should  be  rewarding.
Fixed  odds trading  is  no  different. Take  some  time  out  to  enjoy  the  profits  you  make. Every  now  and then  take  out  some  of  your  profits. Even  if  you  are  trading  smaller  lots  you  can  still  treat yourself  to  the  latest  DVDs,  some  new  clothes  or  maybe  save  the  money  elsewhere  for something you have always wanted. If you are going to invest your time then you should be rewarded!

Binary Option Trading Type

Strategic Binary Trade Types: 

These  types  of trade  form the ‘core’ of all our  fixed odds  trading  strategies  including  the ones detailed in this guide. The strategic trade types are as follows:

 

 

 

1. Rise/Fall  

2. Higher/Lower

3. Touch/No Touch

4. In/Out

NOTE:   Rise/Fall  trades  are  no  different  to  Higher/Lower  trades  (if  you specify “than the current spot” as 0 (zero) when placing a Higher/Lower trade). Additionally,  for  Rise/Fall trades you can specify a timeframe less than 5 minutes, but we see no reason why anyone
would  want  to  do  this,  as  part  of  a  well  thought  out  trading  strategy. So  for  Rise/Fall functionality see the Higher/Lower trade type definition

 Higher/Lower

Concept:  This is a bet that an instrument will close above/below a specified price at the end of a specified period of time. “Higher” or “Lower” is specified when placing the trade. If the market price is above the specified price (for a “Higher” bet type) at the end of the specified period, the bet will be won. If it is below the specified price, then the bet will be lost. “Higher” bet type shown in example above. For a “Lower” bet type, the bet will be won if the market price is below the specified price at the end of the specified period. If it is above the specified price, then the bet will be lost. In  both  instances,  it  does  not  matter  what  the  price does  during  the  specified period. All that is important, is where the price is at the end of the specified period.

Example:  The USD/CAD has rallied strongly but you expect the price action to top out in the next few days. You use the “Lower” bet type with a price, of say 100 pips, below the current market  price  and  a  duration  of  7  days. The  market  moves  down. Provided  it  is  lower  than the specified level at the end of the specified period, you win.

Our View:  The Higher/Lower bet type can be used when you feel strongly that the market is heading in a particular direction.

 

Touch/No Touch

Concept:  This  is  a  bet  that  an  instrument  will  touch/not  touch  a  specified  price  during  a specified period of time. “Touch” or “No Touch” is specified when placing the trade. If the market price touches the specified price (for a “Touch” bet typ
e) during the specified period, the  bet  will  be  won. If  it  is  does  not  touch  the  specified  price  then  the  bet  will  be lost. For a “No Touch” bet type, the bet will be won if the market  price  does  not  touch  the specified price during the specified period. If it does touch the specified price, then the bet will be lost. “No Touch” bet type shown in example above.

Example:  EUR/USD  has  reached  record  highs  at  1.5000  and  you  expect  its
gains  to consolidate  in  the  near  term. At its all time high, you place a “No Touch” trade at 1.5200 within  the  next  5  days. Provided  the  EUR/USD  consolidates, does  not  move  higher  and  it does not touch this level before expiry, you win.

Our View:  We particularly like the Touch and No Touch bet types as they allow us to predict general  levels  that  the  market  may  or  may  not  touch. Depending  on  our  trade  setup  and fundamental  view,  we  can  adjust  the  levels  to  our  liking  for  the  optimum  return  or  move those levels to reduce our return for a greater safety barrier.

 

                                                  In/Out

 Concept:  This is a “boundary” bet, where two price levels (a high and a low) are specified. It is  a  bet  that  an  instrument  will  either  stay  within  a  specific  boundary  or  will  breach  the boundary. If during the specified period, the market price does not touch either of the specified prices (for an “In” bet type), the bet will be won. If  it  touches  either  of the  specified  prices,  then the bet will be lost. For an “Out” bet type, the bet will be won if the market price touches both of the specified
prices  during  the  specified  period. If  neither  of  the  prices  or  just  one  of  the  prices  is touched, then the bet will be lost.

Example:  The  EUR/GBP  pair  is  at  0.8950  and  has  been  trading  in  a  range  for  the  last  two weeks. You expect this to continue in the near future and place an “In” trade, that it will not hit either 0.9150 or 0.8720 over the next 7 days.

Our View:  The “In” bet type is ideal for trading during periods when the markets are quiet and/or in consolidation. The “Out” bet type could be used for periods of high volatility, but to date we have not found much practical use for it, preferring to choose a direction and use the “Touch” bet type instead.

 

Benefits of Binary Option Trading

1. Simple to Understand :

Fixed Odds trades are easy to place and understand. With low minimum account opening values and the ability to start placing trades from just £10, Fixed Odds brings the potential to profit from financial markets to a much wider audience.

 

 

2. Limited Risks:  Your  risk  (potential  loss)  is  limited  to  your  stake.  You  know  both  your  potential  profit  and your liability prior to placing your trade! There is no chance of a ‘margin call’ and you cannot trade with money that you do not have in your account.

3. Sell Your Bet Back Early:  You  can  sell  your  bet  back  before  expiry.  This  is  useful  either  if  you  want  to  bank  profits early or if you want to sell out of a trade that is going against you. You sell back the bet to BetOnMarkets for  its  current  market value  and  you  can  then  use  this  for  your  next opportunity!

4. Trade a Range Of Markets from One Account:  Fixed Odds offer convenience with the ability to trade an ever increasing number of markets from  just  one  account.  At  present  you  can  trade  Stock  Indices, Currencies  Oil,  Gold  and increasingly individual shares and commodities.

5. Multiple Trade Types to Take Advantage of Different Market Conditions:   With Fixed Odds you are not limited to simply ‘Up’ or ‘Down’ bets. This is because you select not only the market you wish to trade but also the way in which you believe the market will behave. You can profit not only from traditional long/short strategies but also from specific types  of  bet  to  take  advantage  of  range  bound  and  volatile  markets.  In  fact,  there  is  a bet type for almost every market condition! 

6.  Tax Free Profits:  As  fixed  odds  trading  is  technically  classed  as  betting,  all  returns  made  are  tax  free!  (UK) Apart  from  the  spread  there  are  no  other hidden  or  additional  charges.  The  price  you  are quoted  for your  bet  is  the  price  you  pay.  And  of  course  your  winnings  are  just  that,  your winnings!

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