Training and tactics of binary options trading.
Recently, I have often been asked about playing binary options. Admittedly, such questions put me at a dead end. For me personally, binary options are not a game. After all, these are not slot machines or roulette. And if probability theory rules the ball in gambling, then only serious analysis plays a role in binary options. If you ask successful traders about the "game", the answer will be only complete bewilderment. Well, how can you call an activity a game that requires traders to have certain knowledge, a kind of preparation, and a certain attitude…
Still, self-programming is a great thing, dear friends. And if you knowingly treat binary options as a game, then you should expect the corresponding result. This attitude to trade is very, very destructive. You ask "why"? It's very simple, but binary options are not a casino and there is no place for excitement. I noticed that traders who play binary options very often have problems with excitement, people simply do not know how and cannot stop.
No, if you are only interested in an interesting pastime and you are aware of this, then please. Play as much as you want. But there is simply no question of any positive financial result. However, very often "play" just those who want to make money on options. Of course, nothing works out for them, and then reviews appear on different sites that the game on binary options is a divorce, a scam, and so on along the list. If you do a little statistical research and look at the reviews of real people, all the reviews are positive and negative. Then we will see that most of the negative reviews from newcomers just contain the fatal phrase playing binary options. People who have achieved something in this area will never even associate binary options with the game.
If we talk about trading, and not the game, this is a completely different question. Not so long ago I wrote a kind of manual, a whole article on training and some tips. If you are ready to try to learn, I recommend reading it. Now I would like to give some tips on playing binary options (which is actually trading).
Training and tactics of binary options trading.
Risk management is the head of everything.
What is risk management? This is a system, so to speak, of risk control. The general meaning boils down to the fact that each bet should be 1-5% of the deposit. It's not difficult, right? However, competent money management is able to "pull out" any game on binary options. And, of course, you should forget about martingale, it's just not worth it.
These are all indicators…
Now let's talk about indicators. What I have to tell you, use only those indicators whose principle of operation you understand. There is no need to buy a super-mega author's indicator that beautifully draws arrows on the history. Since in practice it may turn out to be the most ordinary Stochastic, just with non-standard parameters (and not too well chosen). It is better to study the basic standard indicators (MA, MACD, Bollinger, RSI), they are in principle quite enough for profitable trading. And all these author's bells and whistles, such garlands with light bulbs, in experienced hands, of course, can improve the results of your system. But without understanding the principles of construction, they will be nothing more than an ornament to your schedule.
Indicator-free trading.
Well, indicator-free trading is an important part of technical analysis. For example, I have little idea of trading without using patterns and levels. Novice traders often avoid indicator-free trading. And very wrongly. For example, are you familiar with Elliott wave theory? Yes, it's difficult, but it's definitely worth it.
My first strategy.
Well, since we are talking about
trading tools, it is worth mentioning strategies. The situation here is very similar to indicators – never buy someone else's strategies:
Firstly, under the guise of a super-profitable strategy, you can sell a betting system from the intersection of an ordinary Parabolic (and we understand what signals such a vehicle will give for binary options); Secondly, the same strategies may work differently for different people. After all, everyone filters them differently, sees market traps differently, and so on; Thirdly, one strategy is simply not enough to work with. This is not the Holy Grail or the sacred horn of the unicorn. You need to work with different tools to really start earning some money on a regular basis.
Scam-scam-scam!
Do you know what a scam is? Fraud. How to protect yourself from binary options fraud? To begin with, do not use those tools that you simply do not understand. I will not explain in detail what and why does not work (if anyone is interested, he will follow the link and read it), I will just give a list of what will "help" you to part with your deposit as soon as possible :
Trust management Paid trade training Robots Trading on the news The "Pivot Points" that have almost sunk into oblivion.
Actually, these are almost all the typical mistakes of novice binary options traders. By the way, one binary options broker is now actively luring clients with a super robot that will help traders become millionaires. Be vigilant. The opportunity, of course, is tempting, I do not argue, but it is absolutely implausible.
Binary Broker.
A very important point. Serious trading can actually turn into a simple binary options game if you choose an unreliable broker. Because if, say, your binary options broker twists quotes, then there is no sense in analyzing it. In one of the previous articles, I told the story of how in December I tried to trade in one 10-dollar broker, the amount of advertising of which simply has no equal. So the results of my trading were very, very disappointing. More than 40% of plus bets closed in the negative. So think after that. So I advise you to read the memo on what criteria to choose the "right" binary options broker.
The good old volumes.
In general, I repeat it all the time, but "repetition is the mother of learning," so let's do it again. Keep an eye on the volumes, at least just look through them, so as not to go against the crowd. It certainly won't ruin your strategy. Let me remind you that it is most convenient to monitor volumes through the terminal. There is also a special Better Volume indicator for mt4 for these purposes.
Useful advice for trading binary options.
That's all the secrets I wanted to share with you. In conclusion, I would like to repeat once again, do not treat binary options as a game. After all, excitement has never done anyone a good turn. According to statistics, it is gambling traders who play binary options that most often lose their deposits. There is no need to rush anywhere. In this area, the rule works very well: if you drive more quietly, you will continue.
IndexaCo Published on: Jan 15, 2022.
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