The concepts are all basically the same, but the rules and the trading are slightly different. It has been tested on several others and it works just as well but on some it failed miserably, not because the strategy was wrong but because their platform functioned differently. Our advice is to try this strategy on the iOption platform, where it was developed, and then see if you can apply it to the binary option platform you use or just stick with iOption.
Or you can try it with your broker platform, and if you are able to complete the trades then you are cool…. If you do please drop us a note so we know how it functions elsewhere. We always want to hear from traders using our strategies so we can improve them or advance them.
Remember, trading has risks, and no system is risk free. Always make sure you can afford to risk the money that you are investing and always start out cautiously. Do not think that you did well with one or two quick investments that you should jump up and start investing thousands of dollars.
Start slow, continue slowly and build. Remember, your mind is in control not your emotions. It is all about how you enter your trades and compound them as your chosen asset is moving. Binary Option offer numerous asset choices, www.
You can easily locate this information on most news or media sites. Just print them out so you are ready when you locate your trade. We are not concerned with long term trends we are not concerned with the fact that the Euro is high but should drop, we are not concerned with price of oil, we are only concerned with the short term movement in the past few minutes, is the price dropping or climbing quickly.
Or is the price at a point of resistance or support. Once you have isolated a currency pair that fits our needs, you need to observe it for a few minutes, you need to decide, and how it is reacting to the lines of support and resistance and also to where the normal price is or was. For instance, if the euro had been trading all day at 1. We are going to look for the euro to begin to fall, we only need it to drop a few pips.
If we were earlier, we could have picked it up as it moved from the 1. Once we have watched the euro for a few minutes, if we see it approach the 1. If this happens we will sit tight and wait for it to dip after breaking through. Now that we have completed our reconnaissance and have our target in line, we have to wait for the attack signal. Once the pair, exhibits a second of weakness, we need to be ready to attack. We sit and watch waiting for the pair to start easing, as your observe you will see it move up a few pips and down a few pips and up a few pips and down a few pips.
As soon as the moves down become more often or deeper, you will be ready to fire. Continue entering the trades will the euro moves down, when it ticks up, stop… FREEZE, if it does not tick right back down, farther than it was before the ticks up, you are finished. At this point you are finished. You should have been able to successfully enter a minimum of 4 trades but should have been able to enter Not all will be profitable, but the first trades by this point should be closing in the money.
The second group should also be closing in the money while the last few might close out of the money depending if there is a peak at this point or if the euro continued to cascade down. If you entered 10 trades and 7 were successful, if each trade was You would have lost 3 trades as The concept of 60 second trading is fairly easy, you select an asset, decide if it is going to move up or down within the next minute. There are only 3 outcomes with binary option investing it is the same.
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