YOU NEED TO FOLLOW THESE 5 STEPS ONLY
STEP 1 : You need to select a trusted and regulated Binary option broker ,
Recommended brokers are IQ Option and Olymptrade
If you are live in US or Europe then you can select Pocketoption broker
You can register one of these brokers with email & password to start binary options trading
STEP 2 : Understanding CALL and PUT , UP and DOWN , HIGHER and LOWER Options ,
Before Go to these options you can select expiry time / Time period on platform . After ,
UP / HIGHER Option – You select CALL option when you expect the price to increase. ( If you think chart will be going up within your selected time period , You can select Higher / Up – Green Button )
PUT / LOWER Option – You select put option when you expect the price to drop. ( If you think chart will be going down within your selected time period , You can select Lower / Put – Red button )
STEP 3 : Next you need to fund your trading account ,
You can use Skrill to fund your account . Also You can fund using your visa/debit cards and Your bank accounts . If you use olymptrade broker you can deposit using Bitcoin .
STEP 4 : Practice a perfect strategy ,
There are Lot of strategies for binary options trading . You need to select the best strategy from them . You can get more strategies and guides in this site. After create a trading account on iqoption or olymptrade They will offer you Free practice account with $10000 . You can use it for understand how to trade using these platforms.
STEP 5 : Money management strategy ,
Don’t forget to factor in luck. If you deposit $50 in your account and you invest $10 in each trade, you’ll likely fail . That means if your all 5 predictions are wrong you will lose your full invested amount
So you need to practice a perfect money management strategy .
» MONEY MANAGEMENT STRATEGY ,
Use 5% of your total investment per trade and risk same value for all trades
If your balance $100 : $5 per trade
If your balance $200 : $10 per trade
If your balance $250 : $12.5 per trade
If your balance $400 : $20 per trade
If your balance $500 : $25 per trade
Always target 3 win trades continuously ,
Eg :- Initial Deposit $200
Investment per trade – $10
Profit for 3 win trades with 80% payout – $24
Q : You Need To Stop When You get 3 Win Trades ?
No you can trade, But Decrease the trade amount for 2 – 2.5 % , that means for $200 deposit – investment will be : $4- 5 and continue trade
» Some Important Tip ,
Trading is a high yield investment but trading financial products carry a high level of risk too and can result in the loss of all your funds. Always invest money that you can afford .
if you loose 2 trades continuously , stop trading for that time and take a break . After 3-4 hours start trading again
Do not enter multiple trades at one time . Always go with single trade at one time , after expired that trade – you can enter next.
Don’t do any other work when you trade . You need to focus 100% to be successful trader