Recent content by traderbinary

Well said!

lol, yes all very true! Experience (successful!!) helps a lot as the biggest problem results from following all principles and trading well then having an unexpected terrible loss that throws you off the rails!!! Especially with short term binaries. Very Painful!!

Sounds good! Heart pounding never a good idea Remember that stops aren't always guaranteed

I need to add to that the comment of "train/read blah blah" makes it all seem rather a mundane methodical progression to trading success. As a tiny fraction of people actually make money Im not sure if that stands up to scrutiny lol

Its more dependent on trading expirations for example 5 minute vs daily binaries. You have much more time to offset/hedge and extract yourself from a daily position while within a 5 minute you are much more tied. So for example if you staked 200 on each I would say that the 5 minute exposes...

Do you mind if I ask - are you trading live (real money)? If so stop immediately. If you aren't sure where you should be on cash management issues you will without doubt blow out your account very quickly. Work your system (including cash management) thoroughly through a demo profitably...

Hi Yes I completely agree (in fact see my other posts), what I was trying to get across was to NOT go live with money until he had developed a full proven system which of course would include as priority cash management. People going live to early is a huge reason why traders "fail". They...

That's a huge question dependent on a million factors. The 2% figure is thrown about like gospel but don't rely on that. My absolute best suggestion to you is don't risk a NICKEL until you have consistently made money on a demo for months. Once you have achieved that use real cash very slowly...

There is a ton of money to be made on 5 minute binaries but be prepared to be fulltime and beyond, understand the movements by doing years of research then spending 10 hours a day trading to acclimatize to the speed of whats going on. A million times different to hourly expirations let alone...

Make the market?? With the volumes of IG how would use see an individual trader having an impact on any asset class unless trading at extremely large levels which is not possible with binaries??

That's a problem if you're betting online where they can clearly monitor your individual success, solution?? go into the bookie. I sports bet in Las Vegas directly, though at non exciting levels (1000 and less) since I do it for leisure/interest, you walk up quote the ticket number give them...

Though I don't use IG (yet!) I have seen this with 5 minute forex binaries ESPECIALLY if you are scalping. They should adjust their platforms to prevent that type of trading however clearly many people lose by doing it so its easier to place "restrictions" on the traders who manage it well...

5 minute markets remain unchanged 20% of the time. This is easily combated by playing non at the money trades. In addition you can not refer to win rates in isolation of stake amounts as you know depending on your cash reserve you can make plenty of money being correct a very low % of the time

That's correct but since you are aware of that you should realize that the way to combat that is to have a large range of accounts open which will allow you to trade profitably. You should also "stagger" your accounts which gives them the appearance of a losing period when in fact you have...

That's exactly right. If your system cant cope with spreads its far to tight anyway