This is often the most overlooked feature in binary Option Trading. One can loose a lifetime of profits very quickly if one doesn’t manage his money correctly.
Here are some simple strategies to try increase your trades:
- Binary Options and Gambling – One must not mistake Binary options for gambling.
- Never risk to much on a trade Never Risk More Than 8.5% on One Trade – One should never risk more than 8.5% on a trade. If you stick to this you can be wrong up to 11 times and still have money to trade. An example of $10000 you wouldn’t want to risk more than $850..
- Be confident – make sure you have researched and analyzed properly before trading. Wait out as long as you like until you feel comfortable.
- Try to diversify – Never put all your trades on the same thing. Try different Markets, assets etc.
- Keep your ear on the pulse – Wait for big announcements and then pick a trading route. If you are brave try to anticipate an announcement and use Binary to take advantage.
- Look for trend – Be sure to notice any trends in the market. They are everywhere!
- Take the punches – You have to loose a certain amount to be an eventual winner!