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Thursday, 18 April 2019

7 CONSISTENT TRADING SUCCESS TIPS FOR BINARY OPTION PROFIT

On this occasion I will share tips on binary iq option trading strategies in order to be successful in achieving consistent profits.



1. Always concentrate on getting profits (in-the-money) rather than just focusing on the amount of profit that will be obtained

In binary trading, think that price volatility should not be the main factor as a determinant of the amount of your profit. Because the amount of profit has been predetermined through the payout ratio.

In binary option trading which determines success in trading, is the price movement moving according to estimates? And the results will end in the money (profit) or out of the money (loss).

As much as any price movement is happening, if it turns out that the price does not finally reach the level we predicted, in time (in the money), then we will lose all the money we use to open the trading position.

Vice versa, even though the price volatility is not too far away, the price movement is right at the prediction when it closes / expires, then we will get a profit.

2. Focus on one instrument of assets traded

A binary option broker usually offers many choices of instruments including forex, digital, stocks, commodities and binary options. Usually binary options traders will trade on option options with a variety of currency pair options.

Try to focus and concentrate on one choice of the currency pair being traded. But that does not mean just trading on one currency pair, because when the market closes it means not trading anymore, that's not it.

It's just that you don't move at random, when trading on the EUR / USD pair, focus only on the currency pair. Then after the market closes then switch to another pair.

3. Choose trading instruments that suit your trading style

As we know, binary options have many currency pair instruments such as EUR / USD, GBP / USD, JPY / USD etc.

Why do we have to be smart in choosing the market that we will use for trading? Because each market has a different level of volatility.

For example, the EUR / USD pair has high market volatility, so if you like price movements with high volatility, that means you are trading in the EUR / USD currency pair.

Get to know yourself so that you will easily choose which market to trade.

4. Do not easily fall asleep while experiencing a victory

This is closely related to the ability to control emotions. When we trade binary options which only take a short time to expire and the result is profit.

So there is a feeling of pleasure and pride and feel it is so easy. Not a few traders are even more eager to trade again without adequate analysis.

Another mistake is to increase the amount of trading investment from the previous amount without control because the desire to get a big profit.

The conclusion is keep emotional control when experiencing victory or experiencing a loss.

5. Learn to follow the trend

Not only a forex trading strategy, binary option trading is also a suitable trading place to follow market trends.

With a short trading period on binary options it is not recommended to trade with positions that are against the market trend. And you should follow the current trend if you want to easily gain profit.

6. Choose a broker trading binary option that has been well regulated

Indeed, for now the new binary options are officially only in a few countries, but this does not mean that binary options trading is illegal.

Currently binary options have been regulated / authorized in several countries, especially in the European region.

There are some countries that have provided binary option broker regulations that have issued licenses for broker broker binary options, namely:
CySEC from Cyprus
AMF from France
CONSOB from Italy
Bafin from Germany
FSA / FCA from England
and others
For that, be sure to choose a binary broker that has received authorization / regulation from the country above. The more regulating a broker means the broker is more trusted.

7. Increase trading practice on a demo account before real trading

It is not difficult to get a demo account because almost all binary options brokers have provided demo account facilities for learning.

Take advantage of the demo account well to deepen the experience. It is very understandable to treat and consider a demo account like a real account in determining the size of a trading account.

So that the psychological and mental analysis will be better managed when jumping on trading with real accounts.

Read to Strategies to Get Profit in Binary Options Trading
Raed to Strong and Effective, Commodity Breakdown Strategy, to get profit

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