Benefits of Using a Trading Plan
In order to always get the continued benefits of trading Even though it requires extra time in the preparation, trading plans can be a savior of the risk of uncontrolled losses. Here are some benefits that you can get from using the trading plan below, there are several explanations so that your trading is always profitable.
In the description above, the placement of options that are in accordance with risk management arrangements can prevent you from the possibility of overtrading. With the ease of placing options, choosing the type of trading, and minimum expiry time variations that only count minutes, binary options are indeed an attractive trading area for scalpers to add to their trading options out of plan. However, if you have set a trading plan and run it properly, you will avoid the desire to increase unnecessary trading risks. Determining the steps that are arranged in a binary options trading plan also provides stability and prevents you from trading without definite calculations.
2. Increase potential profit consistently and limit trading risk
With the use of instruments and trading strategies that have been arranged in such a way, trading results can be predicted with the possibility of a more stable profit and potential loss. This can help you to maintain a trading account for a long time. This situation can be exemplified from the following calculation:
Within a day, you open 3 options with a capital of $ 5 in each position. The payout ratio of each of these positions is 75%. If the three options end in-the-money, your profit can reach a maximum of $ 11.25, with a total payout reaching $ 26.25 per day. As for the possibility of risk will not exceed the $ 15 limit, because the three options are each placed with a capital of $ 5.
3. Can monitor trading performance
In the trading evaluation phase, you need to make a data recap so that you can draw conclusions from the trading process you just ran. This is useful for identifying which aspects of a trading plan need to be replaced, repaired or maintained. This method can improve your trading quality, because you can always learn to improve the trading plan you have and not repeat the same mistakes.
It requires managing a good trading plan so that your binary options trading can produce a consistent profit rate. Of course, being a serious trader or not all depends on your choice. One thing is certain, making a trading plan is a crucial step that you need to run if you want to get a stable level of profit from trading binary options. In addition, you also need to instill discipline to always obey the rules in the trading plan that you have created yourself.
Conclusion
In order for the traders to be able to get continuous profits, the trading can use the method above which I explained, hopefully the above explanation can be useful for the traders, good luck.
Strategy for Creating a Binary Options Trading Plan
Making a trading plan (trading plan) is often emphasized on forex traders who seriously make their trading activities a means of investment in order to bring profits on a regular basis.
here are 2 opinions circulating about this trading plan. First, the trading plan must be long and complicated. Second, trading plans do not need to be difficult, just need to make a list of targets that need to be achieved. To be able to arrange a good trading plan, you need to take the middle path of the two perceptions above. The trading plan does not have to be too complicated, but it is still made with enough effort to achieve the target. Making a trading plan is not determined by time, because the time or not required depends on the ability of traders to find an effective system and have a high profit probability. To support making a trading plan like this, there are a number of steps that you can follow, including:
1. Preparation
At the preparation stage, you are required to be able to dig up information about trading methods and recognize which method is most compatible with your trading style. In addition, determine your purpose in trading. Will you use this trading advantage as an additional income or even as a source of income. The following are the problems that you must solve so that your trading plan can be structured properly:
In the case of determining a trading instrument, you can choose an instrument that you often trade. Trying to trade with familiar asset price movements will simplify your analysis. For example, if you were a forex trader before, you can choose forex binary options as your main instrument. However, you can also try other trading instruments such as stocks, stock indices, or even commodities, if you feel you are able to analyze better in these markets. In addition, there is still an intermarket analysis that can allow you to trade with various types of instruments.
Every business definitely needs a goal so that it can be planned according to the target. In trading binary options, you might find it easier to get hooked on opening options without a plan. This is due to the ease of option placement and short expiry time options. By setting goals, you will be more motivated to place options according to the trading plan.
2. Rules of Entry
In determining the strategy for entry position, you will be faced with a variety of choices. This condition is generally related to making the right trading strategy. If at the preparation stage you can determine the appropriate trading method, then determining the entry rules for each option position that will be placed will be easier. For example, you choose to become a daily trader, all you need to do is:
Determine the right time frame. For daily traders, the commonly taken time frame is D1 down. In this example, you take the H1 time frame as the main time frame, H4 as the higher time frame to observe the long-term trend, and M15 to find the right entry position.
Manage trading analysis, both technically and fundamentally. At this stage, the use of technical indicators to news analysis can be the main key that determines the success of your option entry. For example, you apply the MA indicator and wait for the crossing signal to start placing the "call" or "put" option. Here, you can also use a price action strategy to confirm the direction of price movements. Meanwhile, at the time of the release of important fundamental data, you can wait until there are several candles formed after the news is released to be able to trade according to the direction of the trend of price movements.
Exit Rules
Unlike the forex market, binary options traders need to estimate the exit time to close the option at a certain level. For that, taking expiry time is a very important step and can be another determining factor for the success of your binary options trading. If you previously have a trading signal to open an option position according to your trading style, you only need to set the following steps to find the right exit position:
- Determine the type of trading you will use. There are various types of trading options ranging from high / low, touch / no touch, to in / out of boundary in binary options. All types of trading can provide many interesting exit options. You can estimate whether the price will rise or fall (high / low), touch or avoid a certain level (touch / no touch), or be within or outside a certain price range (in / out of boundary).
- Consistent with trading strategies. The choice of trading method is usually accompanied by taking the appropriate expiry time. If you are a scalper, you can use a 5 minute, 15 minute, or even 60 second strategy. With a trading strategy set according to expiry time, you can place options with consistent exit rules.
- Use the rollover or early closure feature if necessary. To limit losses, you can use rollover and early closure facilities. However, the use of this service can sometimes add to the loss if you are not really sure of the potential loss of your option. Therefore, the use of these two features needs to be considered carefully so as not to increase the risk of loss.
Risk Management Arrangements
Limiting potential risks can be done by determining the amount of capital in accordance with the loss limits that you can use. Generally, the loss percentage determined from the total trading funds is not more than 10%. If you have a 5% risk limit, then you can place a capital of $ 5 on each option placed if your trading capital is $ 100.
You can also specify the number of options that you can trade in a certain period of time. This is done to limit the risk of overtrade, or opening too many option positions. For example, you set a limit to open options 3 times a day. In a trading scenario in a binary options broker that does not offer a refund, your maximum risk of loss is $ 15 per day. If your broker offers a refund for options that expire out-of-the-money, say 10%, then the risk of loss you need to bear will not exceed $ 13.5 per day. You can set the risk limit to a lower level, because the determination of capital is based on percentage loss on trading capital, indeed it needs to be adjusted to your psychological readiness. Do not let you set a percentage that is too large and you cannot afford the loss.
conclusion
At this stage, you need to evaluate the position of the option that you have run. Whether it works or fails, every evaluation of an option will produce learning material that is very useful for developing your binary options trading system. Some things that can always be improved by the system are the selection of trading instruments, the use of trading strategies, and risk management.
Strategy to Play IQ Option 99% Accurate
We start from trading assets. What is meant by trading assets? Trading assets are a list of financial instrument groups that can be traded in Binary Options. These assets can be stock, currency pairs, stock indices and commodities.
So when you start let's stop for a moment and think, what assets do you want to trade? Are currency pairs EUR / USD? what is GOOGLE shares? or different possibilities?
Suppose you haven't even had time to trade, so try starting with trading on EUR / USD assets. Because this is the most popular asset of many people in the world financial market.
2. Determine the binary options model and at closing
Just now you have determined what assets are going to be traded, then after that it determines the closing time of the asset trading binary options just now.
On IQ Options there are two binary options models. This is distinguished according to "closing time". What is meant by closing? when closing is the period of time when our transaction will be closed. The parable, if it determines the closing time of 23:00, so it means that when your trading asset purchase transaction will be closed exactly at 23:00.
When it's 23:00, so you will see whether the transaction has been profitable or vice versa. To specify when closing, can be seen in the picture below:
Suppose you click at a time (the red arrow signal in the bottom image) will be a choice when closing. Sometimes referred to as EXPIRATION (taken from the word expiry)
I myself often take advantage of the 5 minute closing period. So in this example we specify when closing is 5 minutes from now. (You are free to determine when to close whenever you want)
3. Enter the amount of money that will be invested and witness the amount of profit that will be obtained.
Assets already, at closing too. After that it is entering the amount of money that will be invested in the trading asset just now.
4. The most recent Click Up or Down
The last step is to click on the Up or Down option.
This means that if you think trading assets will go up, so click Rise if you think the trading assets will go down so click down. Here I estimate the assets will go up, so yes I click UP.
In the example that we are running, we have determined the trading assets namely EUR / USD, with the closing time of 5 minutes from now, and entering $ 10 into the amount invested and already clicking up because it predicts the asset price of EUR / USD will rise.
5. Witness whether the results of the transaction have just been Profit or Loss
It's time to see if the transaction we are running is just a profit or loss. To know it, that is by entering the iq option base and clicking on trading history.
In this example we get a successful transaction with a profit of 87% of the amount invested.
Conclusion
playing iq options using a pc and laptop. Suppose you are a beginner, it would be good to immediately open an account trading on iqoption. com
Steps to take advantage of IQ Option
Has it been downloaded and installed just now? Suppose you have already opened it and we will learn to know the features that exist in that application.
How to Use Take Profit in the Binary Options Strategy
This condition can make it difficult for traders to change their close positions. When compared to forex spot equipped with stop loss and take profit facilities, trading in binary options will certainly look less profitable. In fact, binary options brokers that offer trading services related to exit strategies are now starting to multiply. In addition to the rollover and early closure features described in the previous article, there are also take profit facilities, also known as sell back, to simplify closing positions of an option.
Because of the expiry times system, many traders argue that binary options do not have special trading features that function to limit risk or lock in profits. Such opinion is reasonable, considering binary options trading generally has an expiry time setting that is determined when placing an option. This step is also referred to as the close position stage in binary options, because an option position will be closed automatically when expiry time arrives.
Why Take Profit Benefits?
In binary options trading, using take profit will not provide the appropriate return profit. This is caused by the Sell Back system, or the resale of options that you have previously placed. When you place an option with a certain amount of capital, you are automatically considered to buy the option. So when you use this service, the broker considers you reselling that option. Here, the broker will provide rules regarding the purchase price for your option, either through the percentage level or by the price quote directly.
To clarify the conditions for using take profit in binary options, you can listen to an example of its utilization below:
"The Cristoder places an option" call "on the EUR / USD pair with capital of $ 100 and expiry time for 1 hour. 30 minutes later, the EUR / USD is already at a level higher than the previous strike price, so that the position has been in-the -money and cristoder only need to ensure that the price will still be in the area when expiry time arrives, however, the trading cristoder system actually sends a signal indicating that soon the EUR / USD will immediately move down to a position lower than the strike price. Doubtful that the pair will be in the right position when the expiry time is up, Jono finally closes the option by utilizing the take profit facility, before, the profit percentage of the option is 80%, which means the coderoder will get a total payout of $ 180 if the option is successful However, it uses the take profit option, where the option purchase price offered is only about 65% of the total capital, ma the cristoder will only get $ 165. "
From the above example, it should be noted that the Cristoder still gets profits even though it is only limited to the acquisition rate which is lower than the previous profit rate. Maybe the Cristoder will regret when 30 minutes later the EUR / USD is still at a level higher than the strike price, but if the opposite happens, he will be much more sorry not to use take profit because he will lose all of his $ 100 capital .
Binary Options Take Profit VS Spot Forex Take Profit
Take profit is known by traders who transact in the spot forex platform as a useful feature to lock in profits at a certain level, so that the profits that have been achieved are not eroded by price movements that can turn around at any time. Meanwhile, the system of taking profit in binary options actually has the same use, it's just done in a different way. Traders can lock in profits by closing option positions before expiry time expires. Of course this is done when prices are in-the-money, because this service is intended for traders who feel doubt that the price will move to the position expected when the expiry time is up. This situation is common when price volatility increases.
If the forex spot trading take profit facility is still debated because it has the potential to limit the potential profit, the take profit feature in binary options is sometimes still underutilized for the same reason. The difference here is in the number of losses that can be obtained if the trader does not use the take profit feature. The binary options trader will definitely lose all the capital placed on that option, while forex spot traders can bear controlled losses (if using stop loss) or are floating.
In addition, losses in binary options that occur because traders do not use take profit are generally more regrettable, especially if the price is in an in-the-money position before moving again at an unfavorable level when expiry time arrives. While forex spot traders still have the possibility to hold their positions without a certain time limit and wait for prices to move back in the direction that is expected. This situation can occur due to expiry time settings in binary options. Therefore, traders can use take profit to close the option even though expiry time has not been reached to save an option position that is in-the-money.
Take Profit as a Profit Safety Facility
From the explanation of the benefits and advantages of the take profit feature in binary options, it does not mean that you are encouraged to continually use this service every time you experience doubts, or use this feature regularly as a "safe step" to avoid the risk of loss. In fact, getting a maximum number of profits is certainly far better than a limited profit. In addition, this facility sometimes only appears at certain times. For example, there is a broker who has just activated this service a few minutes before expiry time arrives, or only offers it to traders who meet special requirements.
Plus, it would be better if you don't take advantage of this feature too often, considering that using take profit can be intended by bro who highlight it as a means of limiting your profit. In this case, it's good if you take advantage of Take Profit when getting a signal that is contrary to your option position. This is due to the deduction of profits imposed as a fee for using this feature. For this reason, using take profit according to your needs only as a safety profit when uncertain price movements will be more profitable because it does not limit your profit potential for unnecessary reasons.
Prevent Increasing Losses With Binary Options Take Profit
In the previous statement, it has been emphasized that the use of take profit is to secure profits that have been reached before expiry time is nearing the end. Then what if this feature is used to close options that are already out-of-the-money?
Because the system carries the theme "Sell Back", take profit in binary options can also be used to limit losses from options that will definitely fail. In this situation, the purchase price offered by the broker will usually be set at a lower range than your capital.
The example of the trading coder above can be used as a case of using take profit for options that are out-of-the-money. Say the cristoder trades in a binary options broker that is willing to buy a failed option for 25% of capital, the coderoder will only get $ 25 if he sells an option that is in an out-of-the-money position.
Again, ensuring that prices will still be at an unfavorable level when expiry time is the most important element of utilizing this one take profit function.
It would be very unfortunate if the crystallist rushed to close an option that was experiencing a failure with this feature if in the next time the price then moved to a favorable level. Such conditions not only limit profits, but also reduce the amount of capital. However, if the cristoder analysis turns out to be correct and the price is still in an unfavorable area, the cristoder can still save $ 25 of the total capital already placed.
Conclusion
From the above review, it can be concluded that take profit binary options can be profitable if you really believe that the option will end out-of-the-money. Therefore, you need to do in-depth analysis to get an accurate trading signal about potential price movements when the expiry time is up.
Discussing the myths of Binary Options trading
For this reason, this article will discuss some of the most popular myths surrounding the world of trading binary options. As a complement, there will also be an explanation of each general perception that is still a mystery to some traders.
1. Binary Options That Scam
"Get 80% profit in less than 1 hour", or "Get back 15% of your losses", are some ads that you might often find from binary options brokers. At first glance, such promos seem impossible, so some parties easily take into account binary options as a scam. In fact, getting large profits in the short term can also occur in ordinary forex trading. So why is binary options easier to label a scam?
First, binary trading is only done by predicting the direction of price movements, not actually buying and selling an instrument. Second, the binary options trading model is still relatively new compared to forex spots. Third, many actual binary options brokers take advantage of the ignorance of others to commit fraud. Abusive brokers often offer extra promos to attract clients, such as fantastic bonuses of up to thousands of percent. Unrealistic conditions like this clearly make traders who can already recognize a scam broker to avoid binary options. Because believe it or not, such misleading, misleading advertisements are more common in binary brokers than forex.
Even so, reliable binary brokers aren't none at all. In determining the preferred broker, consider its credibility both in terms of regulation, platform, payout, and other components. What is clear, the offer of bonuses with exorbitant cash prizes is an indication of a scam and should be avoided immediately. So in order to avoid the trap of this myth, make sure you have armed yourself with the knowledge of choosing the right broker.
2. Demo account is not important
Those who underestimate demo accounts generally do not understand the need to learn with these features because the profit is not real. Even though for beginners, plunging into a real account without practicing on a demo account is tantamount to suicide. If the forex demo account is important because the trading method is more complicated, then is the binary options trading that is said to be simpler, it also needs a demo account?
The answer is of course yes. Although binary trading is simpler, remember if binary is more speculative and is done on a platform completely different from MT4. Therefore, binary options demo accounts remain important as a risk-free training tool that is useful for testing your strategy, while familiarizing yourself with the trading broker platform.
Unfortunately, free demo accounts are still very rarely offered by binary options brokers. To get a list of binary brokers who provide unpaid demo accounts, please visit this page.
3. Binary Options Can Help Rich Quickly
Not only is it often circulating among forex traders, this myth also inflicts binary options. With a variety of short-term expiry time, it is not surprising if there are many misperceptions about potential profits in binary options. Just imagine, you can open options with expiry for only 1 minute, 30 seconds, or even 10 seconds. If you are able to win big, of course rich myths at a glance can become a reality. But such conditions rarely occur especially for newcomers. Even if you can, things like that tend to be considered mere luck.
Achieving profits in short-term trading is not impossible. There are already examples of successful traders who are more suited to the style of scalping trading. But what makes the difference is; they are experienced, while beginners don't. Professionals already know what the risks of short-term trading are and have tested their success rates. Conversely, novice traders are not aware if the short-term trading model is at high risk. If profit is happy because money is fast returning, but on the other hand, loss can also come as fast.
The rich quick myth in binary options is actually twisted from the advantages of binary options in providing super-fast trading (in seconds), which is equipped with large payout potential. In fact, it is only a broker feature that presents opportunities, not certainty that can make you fast rich. To be able to make good use of it, you certainly need to learn first and find a preferred trading strategy, which certainly takes a while. So, don't be easily fooled by fast rich ads in binary options because that is a possibility that is impossible for beginners to reach.
4. Profit Binary is Unreliable
Some say, the opportunity for consistent profit in binary options is very low, aka the least likely compared to other markets. Such thinking is understandable, especially if it comes from those who see a brief explanation of trading binary options. From the outside, binary is indeed very speculative because it only relies on estimated price direction. In addition, many profit and loss systems use the all or nothing principle. If the estimate is correct, it can be capital plus profit, if wrong, then all capital is lost.
Therefore, it is not surprising that many assume that the profit opportunities in binary are only 50/50 or even less. Really like that? The answer can be yes or no. Yes, if you trade like gambling, just play guess where the price will move. No, if you understand what needs to be considered in analyzing price movements, and applying money management to minimize risk while maximizing profit potential.
Again, the choice is yours. Do you want to treat binary options like gambling, or seriously become a binary trader who applies a trading plan with calculation. Profit is reliable or not is a scenario that you set yourself. If trading is not serious, only about no analysis and money management, it is not surprising that profit trading only comes and goes without clear consistency. But if you can apply the strategy and anticipate the risk well, then getting a consistent profit in binary options is no longer a myth for you.
5. Binary Trading Needs Large Capital
Although it tends to be easier, many binary options brokers stipulate a high minimum deposit requirement. In some binary brokers, opening an account can only be done with capital of hundreds of dollars. 24Option for example, determine the minimum deposit size of not less than 100 USD.
The high number of capital is indeed relative, but for beginners, the amount of deposits up to hundreds of dollars can be considered too large. In fact, now there are binary brokers that offer a lower minimum deposit condition. Some of them, like Binary.com and IQ Option have opened opportunities for newcomers to start trading with only 10 USD.
But again, small capital is not the answer to all problems. You need to take into account the rules of capital per trading so that you still have a big opportunity. It's useless to deposit 10 USD but the minimum capital per option turns out to reach 5 USD? That means, you only have 2 times the chance to trade. For that, choose a broker who really facilitates the condition of newcomers or small capital traders.
Conclusion
The myth above does not describe all assumptions about binary options, but is expected to represent the most common perceptions that are widely circulated. If you want to seriously explore trading binary options for success, it is important not to get dragged into misleading myths.
Strategy to Double Binary Trading Profits with Double Up
Previously, trading binary options were often referred to as an easy and simple trading method because traders only need to determine whether the price will go up or down in a certain period of time. Along with the increasing number of interested binary options, brokers and platform providers strive to provide the best trading services that are not only intended as an alternative way of trading, but also as a tool that makes trading binary options easier. Various types of trading options other than "call" and "put" such as touch / no touch and boundary options have been given to make it easier for traders to determine their options.
What You Need To Look For In Using Double Up
Proper trading analysis is the key to the success of the use of double ups in binary options. If you are not really sure of your option position, it is better not to use it at all. Besides trading analysis that needs to be improved, here are some other things you need to pay attention to in order to maximize the benefits of Double Up :
1. The most suitable market condition for the use of double ups is when prices are trending.
Because the second option is definitely placed with the same option direction, then you need to make sure that the price will still be on the same trend so that your Double Up option can bring multiple profits, rather than increasing losses.
2. Take advantage of trend trading strategies that are equipped with technical analysis and supported by fundamental factors.
The more valid your analysis results, the greater the potential success of using Double Up. Conversely, the more you doubt your analysis, the more vulnerable the option position is to failure.
3. The Double Up feature can only be used when your first option position is in-the-money.
For example, your "call" option is at an unfavorable level because the price drops to a position lower than the strike price. In this situation, you cannot use the Double Up service and have to wait when the price rises to a level higher than the strike price. Of course, the use of Double Up must also be accompanied by the belief that prices will still move up when expiry time arrives.
This requirement can limit your desire to place additional options as a "revenge event" which is intended to cover losses if the option fails. In out-of-the-money conditions, trading emotions tend to be more volatile and easily provoked to place additional options so that losses can be covered. This method is considered high risk because in such situations the focus is more emphasized on the amount of profit and not on the analysis and potential losses. With the use of Double Up which is only active when the option is in an in-the-money position, you will be more careful about the risks that may occur because less convincing analysis can increase the potential loss rate.
4. Be sure to activate the Double Up feature at the time as close as possible to expiry time.
Opportunities for the success of options will certainly be more convincing when prices are still in a favorable position when expiry time will run out. In this case, the most commonly used timeframe is 5-10 minutes before expiry time arrives.
5. Some brokers apply commissions for using this feature.
If your broker has similar conditions, it would be better if you take into account the risk of charging these fees. Not only reduce the payout you get, this kind of rule can also add to your losses if you find that the two options you place end up out of the money.
6. Each broker has different policies, most of them
depending on the type of platform used.
Brokers using SpotOption platforms like TradeRush and Banc De Binary generally charge up to $ 30 for Double Up usage. On the other hand, brokers with other trading platforms or who have their own platform settings can free their clients from the commission rules for this Double Up. Therefore, when studying the trading conditions offered by a binary options broker, it is important for you to pay close attention to every detail of the provisions included in each service.
What Is Double Up?
Basically, Double Up functions to open the second option with the same specifications as the first option. Both in terms of trading type, option direction, expiry time, to total capital, Double Up automatically adds the second option with the same settings as the previous option. It's just that the strike price that applies is not the same as the first option. So if you place a EUR / USD "call" option with a strike price at 1.2800, the second "call" option will certainly have a strike price higher than the previous price level.
For more details, the following example will provide more detailed information about the use and benefits of the Double Up feature for trading binary options:
You put the "put" option for USD / JPY at the 119.20 strike price. When expiry time is 5 minutes, the movement of the pair drops significantly, and has been at the level of 118.95. So far, the results of your analysis are still valid enough to believe that USD / JPY will continue to weaken. You then use the Double Up feature that activates execution for additional options with the option type and expiry time is the same as your first "put" option. The difference is only at the strike price because the second "put" option starts at 118.95. That means the price needs to move down again so that your profits can increase. When 5 minutes later expiry time runs out and finishes both of your options, USD / JPY turns out to be at a level lower than the strike price. If the capital you place is $ 100, and the percentage of profit offered is 80%, then the amount of payout you earn is $ 360.
If you don't use Double Up, your profit will only be limited to $ 180. This is of course very unfortunate especially if the results of your analysis really believe that prices will continue to weaken and bring your options to an end at a promising level.
Double Up is a service that is still relatively new in the binary options trading platform. Even so, many have been interested in using it so that the potential payout obtained can increase. This feature is different from the use of the anti-martingale strategy, because the amount of capital you place in the second option is equal to the amount in the first option. Besides that, the second position will also end at the same time as the first option.
Some of the characteristics above can be both advantages and disadvantages of using Double Up. Placement of the second option with the same capital can indeed double the profit opportunity, but it also has the potential to multiply losses if both options end out-of-the-money. In addition, the determination of expiry time that ends at the same time can automatically ensure that both options end in-the-money, but if prices suddenly move beyond expectations, both automatically placed options will also fail.
Conclusion
It's just that you have to be absolutely sure if the option will end in-the-money. A little mistake can make your loss increase if your option fails. For that, always apply the principle "anything can happen in the world of trading" so that you always consider the risk of loss from each of your actions. Price movements that can turn around suddenly are indeed not impossible because the market cannot be accurately predicted. It would be better if you also use the rules of risk management so that the losses that appear later will not exceed the loss target of the trading plan that you set. This method will be effective for maintaining your trading account in binary options.
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