Tag Archive | "how to trade binary option"

Peek Into My Live Binary Option Account

In this post, I am going to show you a video of my live binary option account so that you can see the various features of the broker I am using and please watch this video to the end as I was lucky enough to see a trading opportunity for my KB5 strategy during the recording of this video. Continue Reading

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My Binary Option Experience

Actually I was introduced to binary option by one of my friends after a few years of trading forex full time. After listening to his explanation about how binary option can work hand in hand with my current trading, I decided to find out more about it. In the end, I got into it and now I am making a consistent income with it. However things did not start off smoothly for me when I get in touch with binary option trading as I am pretty new to it.

Using my experience in forex trading, it took me close to 6 months to slowly fine tuned 3 binary option strategies that allows me to make a consistent income till today. But first of all, let me tell you more about binary option just in case you are new to it.

So What is Binary Option

If you have trade options before, you will have some understanding on how it works. However if you do not have any experience with options like me, this is not rocket science.

What you do in a binary option is to either decide whether the currency pair you are interested in is going to rise or fall within the next 60 sec, 2 minutes or even 5 minutes depending on your own preference. If you think that it is going to rise, you will choose a CALL (HIGH) option. If you think that it is going to fall, you will choose a PUT (LOW) option.

Let says that you have enter a CALL option and the currency that you trade on ends up with one pip higher than your entry, you will make a profit based on the percentage given. Do note that different currency pair has different payout.

For example:

You can see the picture below; the EURUSD pair is having a payout of 75%. If you enter $200 to purchase a CALL (HIGH) option as you believe that the price will rise above the current level for the next hour and indeed it ends up higher. You will make a profit of

75% of $200 = $150 and your total payout will be $350

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Is Binary Option Suitable For Beginner

In fact, the binary option suits both the new traders who has no experience as well as those experienced trader. As a experienced currency trader myself, I will do an analysis on my chart and I will use the binary option together with my trading.

For example, I saw a valid trend line break on the hourly chart and I decided to enter a LONG trade. After I have placed my stop loss and target profit, I will go to my binary option account to choose a CALL (HIGH) option.

If it is a valid trend line break on the hourly chart, it will always move above the trend line for the next hour before it may comes back to retest the level.

At the end of an hour, even if the price has not hit my target profit on my forex platform. I will still make money from the CALL (HIGH) option that I have purchased as there is no target profit with the CALL (HIGH) option, as long as the price is higher than my entry level, it will make a payout.

With the profit made, I am now able to cover the trade even if the price came back to stop me out.

Advantages of Binary Option

No Stop Loss – I understand that new traders tend to have problem with the placement of stop loss. With binary option, you do not have to worry about placing stop loss as your loss is being fixed to a certain amount. From the picture below, you can see that there is a “Out of the money” statement and that is the amount you will get back if you are wrong in predicting the direction of the market.

No Target Profit – Unlike normal trading where you have to worry about your target profit. With binary option, there is no target profit. As long as the price close one pip higher than your entry, you will make money if you enter a CALL (HIGH) option.

Good Payout – Although the payout is not as high as what you will get from your normal trading which can sometime vary from 1:2 or 1:3. It is considered a good payout as you will make 73% profit even when the market closes one to two pips in your favor.

Higher Probability of Winning – In the case of normal trading, we will only make money when the price moves and reaches our target profit. Let says that I enter a trade and place a target profit at 100 pips, even if the price moves to 90 pips, we will not make any money.

However if we enter a CALL option and the price ended with 5 pips higher than our entry, we will still be making money.

Personally I will recommend anyone who are interested in trading to learn how to trade binary option as it is very easy to learn. However you must have a good strategy on hand in order to make consistent profits from it. You can never make any consistent income simply by guessing in binary option trading as it will be equivalent to gambling in a casino.

I have written a blog post to share with you Effective Binary Option Indicators that you can use to trade everyday. I understand that there are a lot of you guys who are trading without a proper strategy on hand and this is very risky.

Click Here To Learn About Those Indicators

 

 

 

 

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Can Anyone Really Make Money With Trading Binary Option

I bet that most of you must have heard of binary option trading but I doubt most of you did not actually make money from it in the past. The problem with most binary trader is that they tend to treat it as a gamble and not a trading platform.

Most binary trader does not have a strategy that produces genuinely good winning percentage which is actually the key to profitable binary trading. Unlike forex trading where you can have a good risk reward ratio in each trade, binary option trading has risk reward of less than 1 which means that you have to win more trades in order to be profitable.

The reason why I decided to write this blog post is to share with you guys an email that I have received from one of my binary option student & forex street university student.

The advantages of binary option trading is that it gives us quick profit and do not need us to worry about where to place your stop loss or target profit. It is a great tool to complement those of you who are trading currency and that are why I go into it initially.

With my forex experience, I started to try out several strategies for binary option and slowly fine tune it to make more winning trades than losing trades.

In about 6 month’s time, I started to make consistent income from trading binary option and this income has now became my source of income for my family expenses. This allows me to keep my forex account intact so that I can grow the money in it.

Personally forex trading is a good way to grow wealth while binary option trading is a good way to make money to pay your bills. Therefore let me share with you 2 tips on how to stay profitable in trading binary option.

1) Good Winning Percentage In order to make good profits from trading binary option, your strategy must have a good winning percentage. In fact, your strategy must have at least 70% accuracy in order for you to be able to make profits in binary trading every month.

For example, if you trade 50 trades and there are 35 winning trades and 15 losing trades, below is what you will make if you trade $200 per trade with 80% payout per winning trade.

35 x $160 = $5,600

15 x -$200 = -$3,000

Total Winning will be $2,600

2) Stay Focus One major problem of most binary traders is they tend to trade a lot of currency pairs at one go and this is one of the main reason for their losses. Therefore if you are currently trading binary option, I will suggest that you stick to one currency pair. For me, I only trade the EURUSD for the binary option and that is also one of the reasons why I manage to make profits from trading binary option.

The above are 2 tips that I want to offer to you guys.

For those of you who are still struggling in your binary option trading, you can take a look at my Binary Option Mastery Course that comes with a 120% refund policy

Click Here For More Information About Binary Option Mastery

promotion

As most of the readers of this blog signed up for the broker I am using, they have contacted me to make this promotion available to everyone here in this blog.

For anyone who sign up and made a deposit with the broker I am using, you will get to receive a FULL VERSION of my Binary Option Mastery Course. Do note that you have to sign up via the link below so that they know you are a reader of my blog.

Once you sign up and made a deposit, please email me at [email protected] so that I can give you access to the course.

Click Here To Sign Up And Get Your Copy of My Course

 

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