WklyOptions
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T2W traders,
I have summarized some of my comments and observations on trading the Eurostyle binary options from the Home Trader/ Home-Based Trading Career Pathway & Journey thread (combined posts #70, #71).
I thought if any T2W trader is interested in Eurostyle At-The-Money (ATM) binary trading, it is much easier to organize and post it here. So - again - here is a summary of my journey w Eurostyle binary trading thus far:
The Eurostyle binaries are much easier to trade and apply compared to the Nadex binary options on a relative basis. These options are all At-The-Money (ATM) at the time of entry. There is no need to calculate expected volatility movement in the expiry period to see if and OTM strike price is going to become ITM.
There are Turbo expiries as low as 30-secs, 60-secs, 2 mins, and 5 mins. These Turbo binaries have the big disadvantage of payouts of about 70%. Win $0.70 per Risk of $1.00. Because of this low payout, it is essential to have a winning accuracy of > 60%. :whistling
Euro binaries also have expiries at 15mins, 30mins, (60 mins also). These have better payouts - up to 80% to 85% to 95% for the most liquid assets like EURUSD in the most liquid trading period (like during overlap of London & NY sessions).
Still - with Euro binaries - due to its lower than 100% payout and short-term expiry - there is effectively little chance to hedge or lock up profits. Hence trading Euro binaries require a trading system that is highly focused on explosive directional momentum trades that carry thru the expiry time period. :idea:
The primary advantage of Eurostyle binaries is the ease to enter into short-term opportunities in the 5min to 30min time frames. If there is a strong primary 5-min price trend/momentum bullish run, for example, then it is easy to just execute Eurostyle binary call options every 5 minutes (and matched with 5-min expiry) all the way up the price trend/momentum. Intermittent losing trades can easily be made back on the next 5-min expiry as long as the 5-min price trend/momentum remains powerfully in motion.
More to follow soon...
WklyOptions
I have summarized some of my comments and observations on trading the Eurostyle binary options from the Home Trader/ Home-Based Trading Career Pathway & Journey thread (combined posts #70, #71).
I thought if any T2W trader is interested in Eurostyle At-The-Money (ATM) binary trading, it is much easier to organize and post it here. So - again - here is a summary of my journey w Eurostyle binary trading thus far:
The Eurostyle binaries are much easier to trade and apply compared to the Nadex binary options on a relative basis. These options are all At-The-Money (ATM) at the time of entry. There is no need to calculate expected volatility movement in the expiry period to see if and OTM strike price is going to become ITM.
There are Turbo expiries as low as 30-secs, 60-secs, 2 mins, and 5 mins. These Turbo binaries have the big disadvantage of payouts of about 70%. Win $0.70 per Risk of $1.00. Because of this low payout, it is essential to have a winning accuracy of > 60%. :whistling
Euro binaries also have expiries at 15mins, 30mins, (60 mins also). These have better payouts - up to 80% to 85% to 95% for the most liquid assets like EURUSD in the most liquid trading period (like during overlap of London & NY sessions).
Still - with Euro binaries - due to its lower than 100% payout and short-term expiry - there is effectively little chance to hedge or lock up profits. Hence trading Euro binaries require a trading system that is highly focused on explosive directional momentum trades that carry thru the expiry time period. :idea:
The primary advantage of Eurostyle binaries is the ease to enter into short-term opportunities in the 5min to 30min time frames. If there is a strong primary 5-min price trend/momentum bullish run, for example, then it is easy to just execute Eurostyle binary call options every 5 minutes (and matched with 5-min expiry) all the way up the price trend/momentum. Intermittent losing trades can easily be made back on the next 5-min expiry as long as the 5-min price trend/momentum remains powerfully in motion.
More to follow soon...
WklyOptions