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2. Behind the simple mechanics of binary
option trading lies a strategic depth of
astonishing intricacy. the paths to
trading success are numerous and very
convoluted when it comes to these most
straightforward of financial instruments.
This document has The Secrets through
which you can simplify the equation:
KEY TO TRADING SUCCESS
3. Technical Indicators Are Often Overrated
And Granted Way Too Much Weight
The majority of these wonderfully
appealing and mathematically
attractive indicators have been
developed for stock trading. Using
them for currency pairs and
commodities with binary options is
therefore often a bad idea.
4. Bankroll Management: Don't Underfund Your
Trading Account.
As corny as it may sound: it takes
money to make money, and this is
doubly true in the case of binary
options. It all comes down to being
around for the long run, letting those
edges that you secure through
strategy work their magic.
5. Longer Expiry Periods.
These should be quite obvious: you
can't rely on luck when trading binary
options and if you have a good
system/strategy it always needs time
to work. Really short expiry times
simply do not leave room for strategy,
leading to a sort of crapshoot you
should avoid.
6. Try Not To Jump Into Trading Right After The
Release Of Major Economic News.
This may sound counter-intuitive,
because volatility is the friend of the
binary option trader, right? Not really,
no. The "noise" which follows such
data-release blunts your strategy and it
end up reducing your edge. Give the
volatility some time to settle, then trade
the fundamentals.
7. Go Through Bonus Redemption Carefully And
Consider Dropping The Bonus If Unfavorable.
There are bonuses out there
designed to keep traders trading
while providing very little in the way of
actual value. Such bonuses can be a
hurdle rather than a boost to your
bankroll, even if the broker is an
otherwise very sound/fair one.
8. Don't Go Against The Fundamentals/Massive Trends.
This one ties in well with some of
the points touched on above.
Successful trading is mostly about
trend identification and exploitation.
Any successful trader will tell you
that going against the
fundamentals is tantamount to
financial suicide.
9. Learn about the market's general behavior,
current as well as historical.
This one is quite obvious really:
you need to base your analysis
on something, and this is by far
your best bet. You need to
understand market volatility
both in a current and a historical
context to be able to make
somewhat educated predictions.
10. Finding Common Signals.
Once you fully understand the
factors causing the current market
volatility, look for signals that
have been historically known to
produce certain market reactions in
the past. Once found, exploit them.
11. Find Your Best Trading Signals.
In order to prompt action on the part
of a trader, a signal needs to stand
out. Combine fundamental analysis
with technical analysis and use
several such analytic methods to
confirm and re-confirm the
presence of a strong trading signal
before you commit.
12. CONTACT US
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