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.

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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.

Choose the right broker or trading system

Your success or failure in the binary options business is considerably dependent on your broker, your trading system or both. Making the right choices here is paramount. Go through as much literature on your shortlisted brokers as you can to aid you in making an informed decision. A good thing is to stay away from brokers and systems promising over the top rewards and those with scanty information on how and what they trade. Give your selected broker’s system a test run with the demo account provided. For a beginner, you are well advised to try your strategies with a demo account other than a real money account. One thing about demo accounts is that you get a true feel of what you should expect. Try a few set strategies with the system and some of your own as well. By the time you come to deposit real money, you will have an idea of what to expect, what to do and what to refrain from doing.

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Go for the automated systems

If you are the kind of person, who does not like keeping your eyes on the financial markets and currency values, or you simply do not have the time, and you wish to try your hand at binary options, the binary robots could be your preferred instrument. Unlike the manual trades where the most you get are signals, with automated systems, even the trading is done for you, even when you are off the computer. What happens is that you make the settings yourself, your daily limits, your maximum amounts per trade and things like that. The best thing about this is that you do not have to worry about the effect a Federal Reserve announcement will have on your next trade. The robots analysts and advanced algorithms will handle this for you. They will remove the headaches from binary options trading which is a good thing if you are not a professional trader.

Develop your own strategy and review it from time to time

The people who make a good income from binary options trading do so because of many factors. Among the most important is the strategy you use to make your trades. For experienced and professional traders, they can make use of the information they have to make winning trades. For novices AND experienced traders, one important strategy is to use the free trade signals provided by trading systems. While they may not be 100% accurate every time, they are way above uninformed decisions that many traders are likely to make. It will make your work easier to develop a strategy that comfortably gives you a consistent profitability. The strategy should not be written on stone all the same: you should give it an intensive review from time to time to see if you are trading at your best. Such a review of your strategy might result in a complete or partial overhaul, a few small changes or it can just remain the way it is. The trick is to keep reviewing it after some reasonable time.

Make your expiry time selection wisely

The systems may be giving you a signal that your research confirms as one that will make a winning trade, but you lose your money anyway. Chances are that you made the right trade but you chose the wrong expiry time. This is where your own input is called for. If the signal is dependent more on an issue that is about to happen rather than from a trend, your expiry time will be crucial due to the timeline of the said event or issue. Make good use of the analysis charts available from your trading system to choose the right expiry time. This will ensure that the likelihood of losing your investment due to wrong timing is eliminated or minimized.

Stick to trades with high probability

When trading binary options, remember it is either you win a trade and make a profit or lose the trade and lose your investment in that trade as well. This means that you should stick to trades that offer the highest probability of coming out as a winner. If the movement of the value of an asset is dependent on a news item, make your trade before the rest of the market catches up by trading with options in the seconds, 1 minute options or even the 5 minute options. It will be your experience and knowledge that will enable you to make the right trade within the right expiry period. The lesson learned here is that you should be on top of things when it comes to live financial news and live reports. You can do this by subscribing to paid news sites that will keep you updated at all times. An alternative is to follow such accounts on social media to help you find out what is happening globally in the financial markets.

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Trade only when the market is active

In a 24 hour period, the time when there is significant change in trends can be concentrated to less than an hour. This implies that for most of the day, nothing much is actually happening. What you should do is to learn when to anticipate changes in trends and this is where you are likely to make the most gains which will be much better than when the markets are in a lull.

Accept that sometimes you will lose some trades

Anybody promising a 100% success rate in trading signals is not telling you the truth and you can take that to the bank. Traders who have been in the market for some time and they are making good profits day in and day out understand one thing; you will definitely make some loses here and there. To survive in this business the only thing all your strategies will be geared to is maximizing your winning trades and minimizing your losing ones. There is nothing like total elimination of loses, even by professional traders; they make wrong calls many times too.

Make frequent withdrawals

You are in binary options trading to make money for yourself and not to trade for the sake of it. What you should do is to minimize the risk of making some rash trades which can put you out of business in a flash. Make frequent withdrawals to pay yourself for your efforts. One good way to do this is to make withdrawals for all money that comes above your deposit and save it. This way, you will find out if binary options trading works for you or not.

These tips are not the definite bible on making winning trades at the binary options, but it will go a long way in getting you into the right picture of what you should and should not do. There are thousands of satisfied traders in binary options; there is no reason why you too cannot join them.

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Michael Allen

Michael Allen is the main author at www.binaryoptionrobotinfo.com. He holds a PhD in Economics and has worked in investment banking for 24 years.

1 Comment

  1. BrutalBrit   •  

    I consistently have made profit with option robot, about 200 bucks every day, so cheers!

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