Binary options are much more simplified than Forex and therefore many newbie traders start their trading carrier with Binary Options. But as with any other financial market, in order to make money with binary options you need a good trading strategy that will help you make your trading organized and trade according to the rules.
Many users prefer binary options to Forex simply because they think that binary is a gambling version of Forex. But that is not true. Binary options is a simplified version of online trading and if you want to gamble, you can do it of course, but the most chances are that you will loose all your money very quickly.
In this thread I want to share with you a simple binary options trading strategy that will help you make money with binary options even if you don't have any trading experience. If you have a trading experience you will get this strategy immediately, beginners may require a day of two to grasp it totally. But the advantage of this binary strategy is that it works and suits for traders with any knowledge and budget.
The strategy that I use to make money with binary options is based on trend following. Yes, we all are familiar with trend trading and if so, you might know that trend trading is the safest way to trade financial markets, because once trend has started it usually lasts for some time and this is the opportunity that many traders wait to make money, lots of money.
So, let's get to the business, I mean the binary options strategy itself.
As I mentioned the best way to make money on binary options is trading with a trend. Every binary options broker offers a platform with built in charts. All you have to do is to go over each asset and find a good and clear trend. It doesn't matter what assets you are choosing. It can be EUR/USD, Gold, Oil, Apple Stock or indices. The asset itself doesn't matter, because Binary Options don't have spreads like in Forex. You just need to find an asset with a clear upward trend (bullish trend) or downward trend (bearish trend). Please make sure you avoid flat trends (neutral trends), where the market is not having any specific direction. See the image of trends attached.
Once you find an asset with a trend, you need to open a trading position in the direction of the market. According to this binary options strategy, you need to open a short term trade with 1-15 minutes expiry time. Means that your position will last only a few minutes. if after its expiration the trend still continues its direction, open another trade in the same direction. Continue open trades one by one until the trend is over. After you took the most of this trend, look for another one.
Despite of its simplicity, this strategy gives the most chances to make money with binary options with an average win ration of 7 to 10. Means that out of 10 trades you open, 7 of them will be with a profit.
Here is a step by step guide to get started:
1. Create a binary options account.
In order to trade binary options, you need to create a trading account. I trade with SigmaOption. There are a lot of brokers over there with different reputation. I recommend SigmaOption because it has a super simple platform, reliable support team and they withdraw your money within a couple of days.
2. Fund your account.
As you know, online trading requires some funds. You can fund your account with a minimum of $250, although I recommend you to put more in order to have an ability to open more trades according to this binary trading strategy and therefore make more money. SigmaOption accepts all major credit cards, skrill, wire transfer and other payment methods. After you make a deposit, your money will be credited immediately.
3. Start trading.
As I explained above, you need to look for assets with trends in order to apply this binary options strategy. Once you find a trend you click on the CALL button if the trend is rising or PUT button if it is a downward trend. Choose the amount you want to invest per trade(i.e. $20 or $100) and set up the expiry time. If upon expiration time your trade is in the positive area at least for 1 pip, you won and your profit will be credited to your balance in a second. You can make on average 80% profit per trade when trading binary options with SigmaOption.
This is how you should trade binary options to make money with it. This binary options strategy is used by me for years and it never fails. I wish you successful trading.
Many users prefer binary options to Forex simply because they think that binary is a gambling version of Forex. But that is not true. Binary options is a simplified version of online trading and if you want to gamble, you can do it of course, but the most chances are that you will loose all your money very quickly.
In this thread I want to share with you a simple binary options trading strategy that will help you make money with binary options even if you don't have any trading experience. If you have a trading experience you will get this strategy immediately, beginners may require a day of two to grasp it totally. But the advantage of this binary strategy is that it works and suits for traders with any knowledge and budget.
The strategy that I use to make money with binary options is based on trend following. Yes, we all are familiar with trend trading and if so, you might know that trend trading is the safest way to trade financial markets, because once trend has started it usually lasts for some time and this is the opportunity that many traders wait to make money, lots of money.
So, let's get to the business, I mean the binary options strategy itself.
As I mentioned the best way to make money on binary options is trading with a trend. Every binary options broker offers a platform with built in charts. All you have to do is to go over each asset and find a good and clear trend. It doesn't matter what assets you are choosing. It can be EUR/USD, Gold, Oil, Apple Stock or indices. The asset itself doesn't matter, because Binary Options don't have spreads like in Forex. You just need to find an asset with a clear upward trend (bullish trend) or downward trend (bearish trend). Please make sure you avoid flat trends (neutral trends), where the market is not having any specific direction. See the image of trends attached.
Once you find an asset with a trend, you need to open a trading position in the direction of the market. According to this binary options strategy, you need to open a short term trade with 1-15 minutes expiry time. Means that your position will last only a few minutes. if after its expiration the trend still continues its direction, open another trade in the same direction. Continue open trades one by one until the trend is over. After you took the most of this trend, look for another one.
Despite of its simplicity, this strategy gives the most chances to make money with binary options with an average win ration of 7 to 10. Means that out of 10 trades you open, 7 of them will be with a profit.
Here is a step by step guide to get started:
1. Create a binary options account.
In order to trade binary options, you need to create a trading account. I trade with SigmaOption. There are a lot of brokers over there with different reputation. I recommend SigmaOption because it has a super simple platform, reliable support team and they withdraw your money within a couple of days.
2. Fund your account.
As you know, online trading requires some funds. You can fund your account with a minimum of $250, although I recommend you to put more in order to have an ability to open more trades according to this binary trading strategy and therefore make more money. SigmaOption accepts all major credit cards, skrill, wire transfer and other payment methods. After you make a deposit, your money will be credited immediately.
3. Start trading.
As I explained above, you need to look for assets with trends in order to apply this binary options strategy. Once you find a trend you click on the CALL button if the trend is rising or PUT button if it is a downward trend. Choose the amount you want to invest per trade(i.e. $20 or $100) and set up the expiry time. If upon expiration time your trade is in the positive area at least for 1 pip, you won and your profit will be credited to your balance in a second. You can make on average 80% profit per trade when trading binary options with SigmaOption.
This is how you should trade binary options to make money with it. This binary options strategy is used by me for years and it never fails. I wish you successful trading.
Trade With Pleasure