SlideShare a Scribd company logo
1 of 269
Download to read offline
Binary Options Strategies:
How to Make Money in
Binary Options Trading
BINARYTOPGUN.COM
IQ OPTION RICH PAGE
i
TABLE OF CONTENTS
Chapter 1: Introduction ..............................................................................2
1.1 Scope and Purpose .........................................................................................2
Chapter 2: Brokers, Scams and Why 95% of Traders Lose..........................7
2.1 Selecting a Trustworthy Binary Options Broker ..............................................7
2.2 Key Features of Top-Class Brokers ...............................................................10
2.3 The Mindset of a Scammer............................................................................12
2.4 Expert Advisors are the Scammer’s Playground ...........................................14
2.5 Defending Yourself Against Scammers .........................................................16
2.6 The Killer Problem ........................................................................................17
2.7 Understanding Novice Trading Habits...........................................................20
2.8 Why Standard Methods Do Not Work............................................................22
Chapter 3: Analyzing Strategies and Tools................................................29
3.1 Are all Price Feeds Identical? .......................................................................29
3.2. Introducing the MetaTrader 4 Platform .......................................................31
3.3 Secrets about Optimization?.........................................................................33
3.4 Square Pegs and Round Holes ......................................................................35
3.5 Real Time Issues ..........................................................................................38
3.6 Trading Binary Options using BULL Strategies..............................................39
3.7 Trading Binary Options using BEAR Strategies .............................................42
3.8 Expert Advisors & Signal Services ................................................................45
3.9 Using a Demo Account Properly....................................................................47
3.10 Optimizing the Usage of Trading Charts .....................................................49
Chapter 4: A Cornerstone for Success .......................................................54
4.1 Memorizing Your Trading Guidelines ............................................................56
4.2 What Makes a Successful Trader?.................................................................57
4.3 Preparing Mentally For The Challenges Ahead ..............................................59
4.4 Historical and Live Trading ...........................................................................60
4.5 Never Stop Learning .....................................................................................61
4.6 Optimizing your Trading Performance ..........................................................62
Chapter 5: Introducing Fundamental Analysis ..........................................65
5.1 Defining Fundamental Analysis ....................................................................65
ii
5.2 Trading Economic Data Releases ..................................................................66
5.3 Volatility and Economic Data Events.............................................................72
5.4 More Trading Ideas for News Releases.........................................................74
5.5 Strategies Based on Fundamental Analysis ..................................................76
5.6 Important Fundamental Indicators ..............................................................82
5.7 Good Research is Essential ...........................................................................87
Chapter 6: The Importance of Technical Analysis......................................90
6.1 Introducing Technical Analysis.....................................................................90
6.2 Confirmation using Candlesticks...................................................................93
6.3 Identifying Bottoms and Tops ......................................................................99
6.4 Technical Analysis Compared to Fundamental Analysis .............................. 102
6.5 The Significance of Money Management ..................................................... 106
6.6 Technical Indicators ................................................................................... 109
Chapter 7: Popular Binary Options Strategies .........................................129
7.1 Breakout Strategies.................................................................................... 129
7.2 Trend Retracement Strategies .................................................................... 138
7.3 ‘Tops and Bottoms’ Strategies .................................................................... 147
7.4 Scalping Strategies..................................................................................... 151
7.5 Candlestick Strategies ................................................................................ 155
7.6 Fake out Strategies .................................................................................... 162
Chapter 8: Constructing a Binary Options Strategy .................................171
8.1 Picking the ideal expiry time ...................................................................... 172
8.2 Which Technical Indicator to Select............................................................ 172
8.3 Which Assets to Trade? .............................................................................. 175
8.4 Designing a Confirmation Strategy ............................................................. 176
8.5 Rules for Opening and Closing Positions..................................................... 179
8.6 Reducing Your Risks ................................................................................... 184
8.7 Operational Advice ..................................................................................... 188
8.8 Pitfalls to Avoid .......................................................................................... 189
Chapter 9: Trading More Effectively Using Binary Options ......................197
9.1 The Advantages of Using Binary Options .................................................... 197
9.2 Binary Options Strategies........................................................................... 200
9.3 Differences between Binary and Traditional Options .................................. 204
Chapter 10: Live Binary Options Trading.................................................207
iii
10.1 More About Binary Options Strategies ...................................................... 207
10.2 Trading Guidelines.................................................................................... 207
10.3 What You Require to Trade Binary Options............................................... 208
10.4 You are the Main Component.................................................................... 209
10.5 Examples of Binary Options Trading ......................................................... 211
Chapter 11: Increase Profits by Exploiting Volatility...............................216
11.1 Gold trading is more volatile..................................................................... 216
11.2 Volatility and Risk Exposure ..................................................................... 219
11.3 The Complexities of Trading Gold normally .............................................. 223
11.4 Improving Your Gold Trading Results ....................................................... 226
11.5 A Trading Example.................................................................................... 228
Chapter 12: Trading Specific Markets (including Pair Options) ...............234
12.1 Stock Trading using Binary Options .......................................................... 234
12.2 Trading Commodities using Binary Options .............................................. 236
12.3 Index trading using Binary Options .......................................................... 238
12.4 Trading Currency Pairs using Binary Options............................................ 240
12.5 What are Pair Options?............................................................................. 245
12.6 Pair Options vs Binary Options ................................................................. 246
Chapter 13: Trading Different Time-Frames............................................249
13.1 60 Seconds Trading .................................................................................. 249
13.2 1 Minute Strategies .................................................................................. 250
13.3 Day Trading .............................................................................................. 254
13.4 Swing Trading .......................................................................................... 256
13.5 The Power of the Longer Time Frames...................................................... 259
13.6 Volatility and Time Frames ....................................................................... 261
Chapter 14: Summary .............................................................................264
CHAPTER 1
Introduction
2www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
Chapter 1: Introduction
1.1 Scope and Purpose
‘Binary Options Strategies: How Make Money in Binary Options
Trading’ is basically aimed at novices and introduces all the main concepts of
binary options trading in an easy-to-follow style. The prime mission of this book is
to help you to trade binary options successfully and profitably. Specifically, you will
be presented with concepts and strategies that will assist you in optimizing your
returns.
Binary options are heavily endorsed by widespread marketing promotions
stressing how simple it will be for you to make an additional stream of revenue, if
not a fortune, from trading the financial markets. However, you must understand
from the very beginning that binary options trading is an involved topic and
speculating on it successfully is certainly not a forgone conclusion.
‘Binary Options Strategies: How Make Money in Binary Options
Trading’ is the book on binary options that you have been waiting for. This is
because it will completely sweep away any naïve conceptions that you may possess
thinking that binary option trading is a source of easy money. The main reason for
doing this is so that you will become more conducive to lateral thinking and will
then be more likely to consider methods that will enable you to trade binary options
more effectively.
Consequently, one of the main objectives of this book is to show you that
you could invest considerable amounts of your time and energy if you attempt to
trade binary options directly using standard techniques. ‘Binary Options
Strategies: How Make Money in Binary Options Trading’ is not trying to
demoralize you by defining the depths of these tasks but to introduce you to a new
sense of reality.
3www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
In doing so, the main idea is that your mindset will become more susceptible
to lateral thinking and considering innovative methods of trading binary options
which would be more applicable to your skill and knowledge levels. Most successful
professional traders have taken many years to master this subject. Do you really
have this amount of time to spare? Even if you did, do you possess the diverse skill
levels required to ensure success.
Perhaps you may think that all this is a dream and not possible. However,
think again and read on because ‘Binary Options Strategies: How Make Money
in Binary Options Trading’ is about to show you otherwise and change your life
in the process. You will discover that this book will achieve this objective by utilizing
straightforward explanations supported by aesthetical and highly relevant charts
and diagrams.
Chapter 2 introduces you to important skills that you will find paramount to
coping with key tasks, especially if you are a novice. Guidelines are provided
advising how you can best accomplish the task of selecting a premier binary options
broker. Worried about scammers? Then do not be as defense techniques are
revealed that can protect you from this scourge. Do you want to know why so many
binary options beginners fail and why many strategies just do not work? This
chapter will explain all.
Chapter 3: Have you already been swamped by advertisements introducing
a myriad of binary options tools and strategies. How well did you do at analyzing
and using them? Did you manage to select any winners? If not and, especially if
you are new to this type of financial speculating, then you could well benefit by
gaining insights into how professionals evaluate such products. This chapter is
intended to pull back the curtains in order to reveal to you important and valuable
expert insights that will help you choose those techniques that really can elevate
your profit potential on a consistent basis.
4www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
Chapter 4 will introduce a progressive trading approach which can
substantially simplify your trading decision-making. This is because the procedures
explained are able to drastically enhance your chances of trading successfully
irrespective of any inadequacies you may have in skills, knowledge or experience.
The initial step in this process is to help you to concentrate on the primary aspects
of such an approach, which is a robust mental attitude and yourself.
Chapter 5 introduces you to the concepts of Fundamental Analysis. You will
then be shown how you can proficiently trade important news events and how
volatility impacts these releases. You will also be introduced to a number of key
economic indicators and why constant research is so important.
Chapter 6 deals with Technical Analysis by describing its main functions.
You are also presented with a number of strategies based on its concepts with
which you can trade a variety of market conditions. The importance of money
management is explained and a selection of premier technical indicators introduced.
Chapter 7 explains the concepts behind a variety of popular binary options
strategies including breakouts, tops and bottoms, scalping and trend retracement,
etc. In particular, specific examples will be introduced illustrating each of the
presented strategies in action.
Chapter 8 now uses the information introduced in the previous chapters to
show you how to develop your own binary options trading strategy in easy-to-follow
steps. Advice on how to limit your risks is presented and operational guidelines are
supplied which you can utilize when trading your new strategy. Potential pitfalls are
also identified.
Chapter 9 is intended to demonstrate to you the advantages of trading
binary options by using a diversity of assets as their underlying securities. This
objective will be achieved by introducing you to strategies, advantages and
examples that will help you get the most out of trading binary options.
5www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
Chapter 10 demonstrates the benefits of trading binary options now that
you have been introduced to their merits. This goal will be accomplished by
presenting strategies, techniques and examples that will assist you in deriving the
most out of this trading mechanism. To commence this process, additional features
of a well-proven and tested binary options strategy are discussed.
Chapter 11 introduces concepts to exploit volatility in order to boost your
profit potential. Specifically, the advantages of trading gold are clearly defined as a
mechanism to achieve this objective. The conclusion that you should deduce after
reading this chapter is that an approach using binary options is definitely required if
you intend to profit from trading excessive volatility.
Chapter 12 describes how you can best deploy binary options in order to
trade specific market sectors, such as stocks, commodities, currencies and indices.
In addition, the concepts of pair options are presented and are directly compared to
those of binary options.
Chapter 13 discusses the merits of designing binary options strategies using
different time-frames. Reasons are listed why professional traders tend to prefer
the longer time-frames. Also, the impacts of volatility on time-frames are also
identified.
Chapter 14 summarizes the ideas introduced throughout this book as well
as recommending your best way forward.
CHAPTER 2
Brokers, Scams and Why
95% of Traders Lose
7www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
Chapter 2: Brokers, Scams and Why 95% of
Traders Lose
The primary purpose of this chapter is to introduce you to a number of skills
that you will find very useful, especially if you are have just started trading binary
options. For instance, guidelines will be provided that will help you identify the
optimum binary options broker that will best comply with your trading aspirations
and ambitions. In addition, you will be advised on how best you can protect
yourself from the many scammers, which unfortunately, inundate this marketplace.
Finally, explanations will be supplied explaining why so many novices fail at
binary options and why many standard strategies do not generate consistent
results. This information is not intended to deter you from your binary options
objectives but, instead, is meant to deliver a more realistic understanding about
what you should expect from trading binary options.
2.1 Selecting a Trustworthy Binary Options Broker
If you intend to trade Binary Options, then one of your initial tasks will be to
choose a premier broker who will supply you with the necessary tools and services
to accomplish this objective. Here are some key features that you should evaluate:
2.1.1 Define Your Basic Requirements
Essentially, you should identify the initial facilities which you ideally need
your new broker to support. For instance, you should seek answers for the following
pertinent queries:
- Do you intend to trade currencies, commodities, indices and stocks?
- What deposit amount do you intend to invest? If you are a novice then you
should aim to spend a minimum amount until you have gained sufficient
experience.
- How do you propose funding your new trading account, e.g. credit card or
bank wire, etc.?
8www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
You can deploy such fundamental questions to help develop a more
comprehensive list of requirements that you can then utilize to select your optimum
broker.
2.1.2 Review and Research each Brokers of Interest
Before joining any broker, ensure you have undertaken widespread research
into both its reputation and the quality of its tools and services. You can achieve
this goal by analyzing the extensive number of online reviews that exist for most
top-class brokers. In particular, you should verify the following key attributes.
- Are they regulated by the recognized governing bodies of their country of
origin, e.g. Cyprus Securities Exchange Commission (CySEC) or the
Commodities Future Trading Commission (CFTC), etc.? Essentially, you
should validate that any broker of interest is correctly qualified before
investing any funds with them.
- Are they US citizen friendly, i.e. do they accept USA clients?
- What leverage amenities will be supported? This feature is vitally important
as it will enable you to activate very large trades supported by minimum
deposits. Nevertheless, you should not seek an unrealistic value otherwise
your risk levels will also surge dramatically. If you are a beginner, then you
should opt for leverage of about 100:1.
- Identify a broker which consistently supplies the lowest spreads. These
values are the commissions that it will charge for each trade you activate.
- Carefully analyze the trading tools and platform provided. Basically, you need
the best facilities possible to assist you in deriving the optimum trading
decisions, such as identifying high quality entry prospects.
9www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
2.1.3 Demo Accounts
Verify that a prospective broker supports free demo facilities so that you can
test its amenities as well as improving your trading skills before risking any of your
own funds. You are well-advised not to risk any of your own money without
utilizing a demo account first, especially if you are a newbie.
2.1.4 Compare Brokers
After undertaking the above steps; you should then have generated a list of
preferred brokers that best match your trading ambitions and aspirations. Next,
you must filter these selections down in order to obtain your ideal broker. You can
accomplish this objective by asking more detailed queries, such as the following:
- What type of accounts do they offer, e.g. mini, micro or MetaTrader 4/5
(MT4/5), etc.?
- Where are they based and when were they founded?
- How efficient and effective is the trading platform supported and how good
are its facilities and tools?
- Is the customer service supported effective and efficient?
2.1.5 Enlist with a Broker by Activating a Demo Account
By doing so, you can invest time to test all the tools supported by your new
trading platform. Verify that its facilities fully comply with your requirements. If not,
then investigate other brokers.
In summary, you will need to consume energy and time in order to identify
the optimum broker permitting you to trade Binary Options as proficiently as
possible. Achieving this task successfully will substantially contribute to your ability
to attain long-term success.
10www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
2.2 Key Features of Top-Class Brokers
Many experts advise utilizing the following list of key attributes to assist you
in identifying optimum binary options brokers that will comply best with your
trading objectives.
2.2.1 Fee Structure
Verify that all commissions and charges are clearly transparent and easily
accessible. You do never want to be surprised by any non-disclosed costs
whatsoever.
2.2.2 Professional Support
You will require premier quality customer support 24/7 in order to address all
your queries concerning your broker’s trading platform, tools and services, etc.
Validate the proficiency of the support provided by calling them and asking
pertinent questions. How did you rate the courtesy and quality of your received
replies?
2.2.3 List of Assets
Top-class brokers offer a comprehensive selection of underlying assets which
you can utilize to activate binary options. Premier companies usually support over
100 such items, which are normally diversified between the four main trading
categories, i.e. indices, commodities, stocks and currencies.
2.2.4 Returns and Refunds
Confirm that your potential broker consistently supplies competitive returns
and refunds. For example, seek profit payouts of 80+% and rebates of 10+%.
2.2.5 Leverage
Your preferred broker must provide you with an excellent leverage facility in
order for you to capture worthwhile profits, as defined in 2.1.2.
11www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
2.2.6 Expiry Times
A prospective broker must support a wide-ranging choice of expiry times,
ideally ranging from 1 minute to multi-month.
2.2.7 Security
This feature is particularly vital as it will ensure that all the key information
that you enter into your broker’s platform will always be stored securely. Verify how
this task will be accomplished.
2.2.8 Trading History
You need a tool capable of storing all the critical details of every binary
option that you will ever activate. You also require additional resources to assist
you in analyzing this information in order to enhance your trading skills.
2.2.9 Trading Platform
You must have access to a top-class trading platform that will permit you to
implement your trading decisions reliably and promptly. Test out such facilities by
utilizing a demo account, if possible.
2.2.10 Web-Based Access
This attribute is highly relevant especially if you plan to trade on the move.
You will then be able to operate at anytime and anywhere by simply using any
computer facility boosting an internet connection.
2.2.11 Withdrawals and Deposits
Confirm that you will not endure any problems when transferring money out
of and into your trading account.
12www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
2.2.12 Website
Quality brokers present excellent websites that offer helpful advice capable of
enhancing your trading decisions, i.e. news commentaries, educational material and
the trading tips, etc. Also confirm that this tool is frequently updated and easy to
transverse.
By comparing and analyzing the attributes, identified above, will assist you
considerably in selecting the optimum broker for you.
2.3 The Mindset of a Scammer
Scammers are despicable individuals who are very talented at identifying and
exploiting the flaws of inexperienced traders. Although experts are very proficient
at countering scamming ruses, sadly binary options beginners are not. Scammers
know precisely how to entice novices by targeting their dreams, ambitions and
innocence.
You basically cannot underrate scammers because they are skillfully adept in
the ways of deception. As such, most novices are easy prey for them. If you said
that it is very sad that the world has come to this then, no doubt, many would
agree with you. You would think that with all the efforts scammers make to con the
general public out of money that they could expend their energies doing something
good for humanity. Unfortunately, that is just not the nature of these things.
As statistics show that novices are tricked out of amazingly large sums of
money every year, you need as a priority to gain an appreciation of the protective
measures that experts deploy in order to protect themselves from scammers. This
section is intended to help you achieve this objective.
13www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
Regrettably, many newbies endure severe depression after reality demolishes
their naïve and pre-conceived ideas about binary options trading. Consequently,
they then tend to seek in despair for any quick or magical answer that can
eliminate their problems by readily placing their trading objectives back on course.
However, by instigating such actions, newbies then become ready targets for the
large quantities of scammers who infest the binary options market.
You are wise to appreciate quickly that the financial markets are breeding
grounds for the scammer. One of the main reasons for this is that many novices
convince themselves that they can easily acquire even just a small slice of the
enormous daily turnover traded every day.
The powerful publicity, which engulfs binary options, also brainwashes
beginners into thinking that they can become rich very quickly. You can grasp the
size of this problem if you imagine the distribution of traders as a very large
pyramid with the 5% of successful traders at the top. Consequently, you will form
part of the massive base of this structure if you are a beginner. Scammers are
normally just failed traders who usually contribute to the area between the bottom
10% and the top 5% of our imaginary pyramid.
As such, most of these obnoxious individuals have failed to cope properly
with the many complexities associated with binary options trading as well as lacking
the skills and vision to create strategies and tools that really work profitably. They
almost definitely were unable to counter the optimization obstacles which are
generated as a result of price constantly producing complex price formations and
patterns.
A large majority of scammers have a bent on creating automated devices
that are based on their flawed trading strategies. Consequently, the vast majority
of these products do not generate any sort of profit at all. What are the best
methods you can utilize to protect yourself from the scammer? The following list
presents some of the main methods used by professionals:
14www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
1. Do their advertisements make ridiculous claims about the performance of
their products? For instance, you must be on your guard if you read
statements such as ’our robot will assist you in attaining 100% binary
options trading successes’ or ‘our tool can generate a return of 100% return
in a matter of days’.
2. If you study marketing literature carefully, you can then deduce whether
they have been produced by scammers. For example, are any real trading
results presented that you can readily verify?
3. You are almost certainly reading about a scam if you have be provided with
a long drawling sales letter backed by a sequence of autoresponder-
generated emails supported by idiotic titles.
2.4 Expert Advisors are the Scammer’s Playground
If you are new to binary option trading and are intent on buying an
automatic trading program then you must be cautious because when doing so you
will be stepping into the world of the scammer. These individuals are typically
unsuccessful traders who have not managed to grasp the complexities of this
involved subject. Consequently, you need to understand that most of them have
just created their products by utilizing their deficient trading strategies. This is the
key reason why such a significant percentage of these items fail to meet their
promotional hype.
For example, if you were to trust all the claims included in the adverts for such
expert advisors then you should deduce that their owners should already be very
well-off and retired. However, studies and reality present a far more demoralizing
image by displaying that in excess of 95% of these tools fail. Even those that do
register any reasonable results, only do so for a restricted time period. A recent
study disclosed the subsequent performance details after screening numerous well-
known robots:
15www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
1. Five% of these resources did not generate any income whatsoever even
for their developers.
2. Another 10% created profits but only on selected trading platforms and
then just for minimal durations.
3. Seventy percent attained profits for intervals up to three months only.
4. Five% were able to produce profits but for their inventors only.
5. Despite the fact that another 10% did obtain profits, they were so modest
in size that they were totally submerged by broker fees.
You can deduce after studying the above results that most of the creators of
these devices have no genuine concepts about how to successfully produce an
expert advisor. In particular, scammers have serious problems conquering the
optimization issues that are created as a result of price continuously producing
complicated structures and formations. Regardless of these significant
inadequacies, scammers still plough on publishing their defected rubbish onto the
market in order to obtain as much revenue as possible.
Many scammers are so deluded that they even think their own customers are
the key reason for the failure of their merchandise. They make assertions stating
that the buyers of their expert advisors should not anticipate that all their monetary
problems should disappear simply after purchasing a $100 robot. Nevertheless, it is
the scammers themselves who promote such ideas within their deployable
promotional material. Recently, they have even resorted to requesting that their
consumers should fund the research required to optimize their products to the
ever-evolving trading conditions.
16www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
2.5 Defending Yourself Against Scammers
During recent challenging financial times, many individuals understandably
sought ways to create extra money. A significant number were lured towards binary
options mainly because of its substantial daily turnover and simplicity of use. They
incorrectly imagined that they had outstanding possibilities of obtaining just a
modest portion of its massive income flow. However, most of them failed to
appreciate that they would need to effectively conquer a serious learning curve in
order to achieve constant profits. Upon ultimately acknowledging the full
ramifications of their circumstances, many of them then hunted for speedier
remedies as opposed to grappling with the complexities of this topic.
Those who did select the former path subsequently became potential cannon
fodder for scammers. You must appreciate rapidly that scammers are typically just
unsuccessful investors who have devised ways to make their pathetic efforts at
trading look rewarding. One of the key attributes of a scammer is that they have a
sound familiarity with the mindset of novices. In truth, many scammers have even
attained the point whereby they may have attempted to develop their unique
trading strategies. They may have even recorded some good results by capturing
profits for some extended time. However, most of them ultimately fared poorly
since they basically did not have the expertise or know-how to resolve the many
difficulties of binary options trading. If you now understand that the majority of
scammers structured the designs of their automated solutions on their flawed
trading strategies then you will instantly realize why hardly any of them work.
For that reason, if a device or method attracts your attention then you must
carry out a professional evaluation of its promotional materials by checking for any
unsustainable performance claims. For example, you should search for outlandish
boasts, such as ‘our product is able to double your balance each and every week’ or
‘do you want to learn a secret that will make you very wealthy in no time at all’. As
such statements are almost impossible to accomplish in reality, if you detect them
then you can deduce that you are handling a rip-off.
17www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
You should also hunt for proof of performance. For instance, are you able to
validate any of the product’s specification and results independently before you
commit to a purchase? If, instead, you find yourself studying just a prolonged
drawling sales page, then you are well-advised to disregard that specific item as yet
another scam.
Scammers will try to lure you by utilizing remarkable adverts comprising
keys words that have powerful marketing and promotional influences. For instance,
as the word ‘secret’ is a particular favorite, look out for titles such as ‘the ten
secrets that trading professionals have not explained to you’ or ‘these secrets about
binary options will stun you’. The only real secret that scammers possess is how
they find so many ways to generate such huge amounts of junk. If you have any
concerns, then do not buy.
2.6 The Killer Problem
Why do so many investors fail at Binary Options trading? The figures are
daunting as they illustrate that nearly 95% of people do. Is there a core
explanation that will help explain this specific trend? Yes, there is as you will always
be confronted by a specific issue when trading binary options which can not only
consume your entire deposits but render your goals and dreams useless as well.
This section sets about identifying this sinister facet of Binary Options
trading. Comparable to the majority of us, you may well have been captivated by
advertising campaigns promoting the idea that you can easily make 75%+ returns
in just minutes by trading binary options. This feature is, in truth, quite genuine
because you can. However, you must also understand that you can equally lose
100% of your investments in comparable periods of time.
18www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
Nevertheless, for some emotional reason we usually disregard the latter
problem by preferring to spotlight the former feature usually because we are
motivated by thoughts of instantaneous wealth. The marketing aspects of binary
options are, unquestionably, highly effective and efficient at luring most individuals
into a deluded state of false security. Why does this occur? After all, although
binary options brokers do advertise their products and services, they are not
effectively keeping a firearm at our heads and pushing us into trading.
The core matter appears to be that most of us do not appreciate the
significant adverse effects that are trigger by those horrific broker-biased Reward-
to-Risk (R/R) ratios. Let us now research this topic in more detail with the aim of
understanding the true relevance of this challenging issue.
For example, imagine that you have opened a binary option trade based on
an asset boasting a payment ratio of 75% and a refund ratio of 0%. This means
that you will be supporting a position displaying an R/R ratio of 75%: 100%, i. e.
42%.
Imagine that you activate 5 trades each with such an R/R ratio by waging
$100 every time. Now, contemplate that you win 3 and lose 2. Your profit would be
(($75*3) - ($100*2)) = $25.
In comparison, the next time you lose 3 and win 2. Your loss will now be
(($100*3) - (($75*2)) = $150
Well, those results are not very impressive but, instead, are quite
concerning. So, let us now contemplate that you are trading the shorter time
frames and implement 500 trades in 2 months once again with an identical R/R
ratio and with a win-to-loss (w/L) ratio of 65%. You wager $100 on each position.
Consequently, your overall profit will be $6, 875. Pretty good, I guess.
Even so, the third month is a minor catastrophe leading to 250 trades registering
60% losses. Your losses would now equal $7, 500 which would not only eliminate
your original 2 month profit but also create a monetary loss.
19www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
I guess it is realistic to summarize that by making use of a strategy featuring
such a dreadful R-to-R signifies that you will always be courting tragedy. Just one
short period of damaging trading results can completely eliminate all your efforts
rapidly.
Now, if you operate identical figures using an R/R ratio of 110%: 100%, then
they will produce a winning 2 month profit of $18, 250 and a 1 month loss of
$4,000 producing an overall profit of $14, 250!
Some experts have been researching this topic for many years and have
concluded that it is possible to conquer this substantial problem and convert the
odds back into your favor. To achieve this goal, a strategy is needed that boasts a
W/L ratio of at least 50% (much higher is preferable). The next crucial step is to
generate a R/R ratio that is in excess of 50% as the normal ones are well less than
this figure, e. g. 75%: 100% = 42%.
You will be pleased to know that this goal can be achieved using a variety of
methods. However, to complete this task successfully you must be aware that you
will need to reassess every basic aspect of binary options trading by implementing
a far more enlightened outlook.
2.6.1 The Burning Question
As you can deduce, the reward-to-risk ratio issue defined above is a
significant hurdle to conquer and inhibits most traders from ever realizing any
worthwhile gains. You also need to appreciate that if you have the technical and
monetary amenities, such as those of a distinguished hedge fund, then you will
possess the capabilities of producing serious profits from binary options trading by
simply forecasting the right directional movements of selected assets. Nonetheless,
you will almost certainly require $millions of dollars annually to support the costly
resources and suitably qualified staff needed to make this happen.
20www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
So, here is the basic problem. Do Jane and Joe Average have any hope of
earning a constant flow of rewarding profits by trading binary options since the
odds are piled so much against them? With a restricted budget of just a few
thousand dollars, they will definitely not possess the amenities of a hedge fund.
This goal can be accomplished in numerous ways. However, in doing so
every facet of trading binary options has to be considered in a totally different light.
For instance, you cannot proceed to spotlight 60sec trades as most beginners are
inclined to do.
2.7 Understanding Novice Trading Habits
This objective is not to focus on any negativity or to poke fun at beginners by
any means. Instead, researching into their behavioral trading habits should disclose
important insights into why you should not adopt such approaches if you want to
trade binary options productively. As you undoubtedly know, practically 95% of all
beginners fail by losing their entire original deposits rapidly during the process.
They manage to achieve this undesired target by utilizing naive strategies and
techniques which experts would toss aside instantly.
For example, many newcomers believe all they have to do is merely eyeball
the trading charts of any assets that interest them. In some way, they imagine that
they can discover patterns, such as reversals and breakouts, by undertaking just
this process alone. This is even though they have virtually no trading expertise,
knowledge or appropriate skills. Some even believe, that within days from start-up,
their restricted analytical skills will permit them to make remarkable binary options
breakthroughs that no-one else has previously discovered. This egotistic and
unsophisticated approach is nothing short of instigating monetary suicide. This is
even more so when you find that most newbies activate binary options without
even applying any kind of money management strategy at all.
21www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
As a result, they over-trade by launching highly leveraged positions exposing
their equity to unsubstantiated levels of risk. Consequently, they eventually endure
significant drawdowns that ultimately consume their entire trading capitals. Binary
Options professionals just watch on in amazement as this situation repeats itself
constantly. Even if they do attempt to intercede, most newcomers often just ignore
any expert guidance offered to them by assuming that they have somehow
discovered a magical secret allowing them to trade binary options effectively. As
you can quickly deduce, you cannot continue trading in this fashion otherwise you
will experience considerable monetary losses.
2.7.1 The Outcomes of Such Naivety
You may have been attracted towards binary options trading by the
intensive publicity surrounding this topic. Certainly, this investment mechanism
undoubtedly offers many attributes that can easily lure beginners by presenting
images of instantaneous prosperity. However, once you leaped on-board then you
could have rapidly discovered that you had bitten off more than you could chew.
As a result, your original aspirations may have quickly dissolved into
delusions. For example, did you possess any of the concepts listed below that are
the findings produced by a recent study enquiring into the state of mind of binary
options newbies?
- They assume that all they must do to accomplish binary options
success is to either obtain an automated robot or some guru’s trading
method.
- Novices also believe they do not need to apply any genuine effort into
mastering the complexities of binary options trading.
- Most newbies do not realize that one of their prime priorities must be
to utilize well-proven money management principles as a way to
supply the best possible defense for their trading capital.
22www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
- They search for exhilaration and excitement by attempting to conduct
many trades per day. They believe that in doing so they will create
substantial profits more rapidly.
- They cannot handle losses proficiently and do not understand that
even professionals make blunders.
- Novices jump from one binary option strategy to another by not
persevering with any technique for any extended time period
particularly if such tools cannot generate profits fast enough.
- They are under the deluded perception that 80% of their binary
options trades will be straight out winners.
- They have no appreciation that the odds are piled against them and
they must apply appropriate measures urgently in order to counter
this situation.
If you have already acquired any expertise at trading the fiscal markets,
then you will appreciate that the above is just a wish list and has no authentic
bearing on the real world of binary options trading. In truth, you can deduce that
beginners consider that they can utilize binary options to become wealthy rapidly
with virtually no hard work on their part. Nevertheless, you must promptly realize
that harboring such naive concepts will only generate substantial monetary losses
over the long run.
2.8 Why Standard Methods Do Not Work
Two simple equations exist that will determine whether you will be successful
at binary options trading or not. Again, the majority of traders fail to appreciate
their importance and as such most of them are unsuccessful at acquiring any
worthwhile profits on a consistent basis. These two formulae are:
23www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
Win-to-loss >= 50%
Reward-to-Risk Ratio > 1
If you can trade binary options in such a way by ensuring that these two
conditions are always satisfied then you will unquestionably achieve success. No
matter what you do and what strategies you employ, by adhering to these two
simple equations will ensure that your account balance will grow constantly.
However, the basic problem is that the odds are stacked against you from
the start. This is because binary options brokers support payments of about 75%
on average but losses of 100%. Yes, of course there are variations on these figures
depending on which assets you trade, which expiry times selected and what refund
ratios are offered.
However, do matter which combination you choose, the important fact to
realize is as follows:
Your Reward-to-Risk (R/R) ratio will always be less than unity. In fact, using
the numbers presented above it will be 0.75. The massive adverse implications of
using such a poor R/R have been clearly identified in section 2.6.
In particular, you must remember that binary option trading supports only
two possible outcomes. Either you will win and collect 75% or fail by losing 100%.
There are no intermediate results.
2.8.1 Impacts on Trading
The normal reaction of nearly all traders, especially novices, is to completely
dismiss the significance of such an appalling Reward-to-Risk ratio by leaping
immediately into the fray. This reaction is probably due to a combination of human
nature and intense marketing publicity. Basically, we have a tendency to focus on
the 75% winning potential as opposed to the 100% losing result. We are all guilty
of making such a drastic oversight.
24www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
Let us now consider the impacts of such actions by studying a popular
strategy that some binary option consultants advise novices to implement. This
technique is based on the human sentiment gauge located on their trading
platform. The strategy is then supported by the usage of a Martingale strategy.
Essentially, novices are advised to open positions in the current direction favored by
the majority of traders. For example, if the gauge is primarily green, then you
should go long.
Alternatively, if red dominates then you should execute a short position. The
basic concept is that the majority of traders will be correct for the majority of time.
By following this simple technique, you will then not have to implement any
technical or fundamental analysis whatsoever as it would have already been done
for you. Traders are also encouraged to utilize the 60 seconds expiry time.
In addition, whenever you suffer a loss, you should then execute your next
trade, based on the sentiment gauge, by applying a Martingale strategy. This
means that you should double the size of your previous position following every
loss. The logic behind this approach is that as the majority of traders cannot be
consistently wrong, you will eventually record a win recouping all your previous
losses.
2.8.2 The Insanity of Such an Approach
First, you must keep in mind that when you are performing the above
strategy you will be doing so with a Reward-to-Risk Ratio < 1. This means in order
to record consistent profits, then your Win-to-Loss ratio must be greater than 50%.
However, the sentiment approach is badly flawed for the following reasons:
- As 95% of all traders fail at binary options trading, why would you exploit
a strategy advising you to open positions based primarily on their
recommendations?
25www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
- Deeper investigations demonstrate that you could sometimes be
activating trades against the current long-term trend if you structure
them on sentiment.
- If you also utilize the shorter time frames, then you will be basing your
trading decisions on noise-generated price movements as opposed to
those created by real fundamental and technical events.
The fundamental conclusion you can make if you apply such an approach is
that you will have no real idea what your win-to-loss ratio will be at any given time.
You certainly cannot confirm that it exceeds 50%. In contrast, if you want to make
consistent profits then you must know precisely what this figure is at all times.
The Martingale concept adds further fuel to this chaos. This idea was
conceived by gamblers playing casino games, such as roulette, in 18th century
France. Basically, there can only be two results, i.e. the ball will land on red or
black. Consequently, if after each loss you keep doubling your bet then eventually
you must win enabling you to recoup your earlier losses.
However, although binary options appear similar in nature to roulette in that
you must select either an upwards or downwards direction, there is an important
difference. This is that price action is time dependent. For example, during one
minute, the value of price can fluctuate dramatically by recording varying values at
different seconds, e.g. 11th, 19th and 34th seconds, etc. In addition, the sequence
that you are advised to implement in the case of losses is often similar to the
following:
$12, $30, $70 and $150
This sequence infers that if you suffer a first loss of $12 then you should
execute your next trade by risking $30 and so on. However, what is often not
explained is what happens if you keep registering losses, as follows:
$12, $30, $70, $150, $400, $900, $2,000
26www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
In order words, you could easily lose over $3,000 if you suffered just 7
consecutive losses by adopting this Martingale approach. Can this easily happen?
Yes, is the answer! For instance, envisage that your win-to-loss ratio is 50% and
assume you opened 100 trades. Now, although fifty of them will be winners, you
have no control over in which order they will happen. This means that you could
easily encounter a sequence of 10 successive losses before a new winning streak
occurs.
In conclusion, this strategy is definitely worrisome. You can now begin to
understand why nearly all novices lose their deposits by implementing it.
2.8.3 What should you do?
The answer is quite simple. Before implementing any trading actions
whatsoever, you must ensure that you optimize your Reward-to-Risk Ratio so that
it preferably exceeds unity by as much as possible. However, if your binary options
trading platform will always offer payouts in the region of 75% compared to losses
of 100%, can such a result be readily achieved?
Yes, it can! However, you will need to alter your entire perspective about
binary options trading in order to achieve this objective. The following table
presents an example of a strategy, capable of realizing this objective, using a live
trading account displaying results for the first three full trading weeks of 2014. By
studying the figures displayed, you can confirm the following:
Win-to-Loss Ratio = 11/14 = 78%
Average Win = $9; Average Loss = $6; Reward-to-Risk Ratio of 1.5 (>
unity)
Consequently, profits are consistently recorded enabling the account to grow
exponentially.
27www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
Chapter 3
Analyzing Strategies and
Tools
29www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
Chapter 3: Analyzing Strategies and Tools
You may have already been swamped by advertisements introducing a
myriad of binary options tools and strategies. How well did you do at analyzing and
using them? Did you manage to select any winners? If not and, especially if you are
new to this type of financial speculating, then you could well benefit by gaining
insights into how professionals evaluate such products.
This chapter is intended to pull back the curtains in order to reveal to you
important and valuable expert insights that will help you choose those techniques
that really can elevate your profit potential on a consistent basis. You will discover
and learn that what you considered to be hard-rock fact may not be so when
scrutinized by those investors who really do make serious financial returns from
trading binary options.
3.1 Are all Price Feeds Identical?
One of the favorite assertions that internet marketers make is that their
automated products can trade any market condition irrespective if they are range-
trading or trending. Undoubtedly you may have already been introduced to
numerous amazing trading charts illustrating just how proficient their new
marvelous strategies, tools or technical indicators can discover renowned price
formations, such as the ‘head and shoulders’ without a failure in sight.
Nevertheless, there is crucial observation that professionals know that you
are not being advised. This is that all brokers support their own specific price feeds
that are based on their choice of banks. This means that the technical indicators
supported by their trading platforms generate their readings from these price feeds.
Consequently, this next declaration is critical: the readings created by technical
indicators are heavily influenced by the specific trading platform you are
currently utilizing.
30www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
Does it not strike you as odd that hardly any promoters of automated
products inform you about this critical point? They ought to do because the
implications can drastically impact your trading performance as the following figure
reveals.
In the diagram above, a technical indicator supported by the trading platform
of one broker advises that you should execute a LONG position at point 1,
supported by a stop-loss just below the blue line. In contrast, another broker could
recommend doing the same but at a slightly later time as shown at point 2.
Consequently, the second stop-loss is now located just beneath the green line. Look
what the results are. In the initial example, the trade produces a win while the
second is stopped-out. Although this example was obtained using a Forex trading
platform, the same issue applies directly to binary options in that the initial trade
could finish ‘in-the-money’ while the second expires ‘out-of-the-money’.
31www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
This problem is the blight of numerous strategies and robots that are
presently being promoted on the market nowadays. Why do their designers not
inform you about this significant problem which can unquestionably impact the
efficiency of their tools? The primary reason is that many of them are not aware of
its presence and even if they were, they do not possess the knowledge to resolve it
proficiently?
How can you safeguard your trading capital from the effects of this issue?
Well, essentially you must discover whose trading platform was utilized to build the
applicable software tool. You must realize that there exists a strong possibility that
you will not be able to reproduce historic results and worthwhile future profits if you
trade using the trading platforms of other brokers. Additionally, when you are
analyzing the performance reports of any tool or strategy, you must carefully
record the exact trading platform deployed during the investigation.
You can supply yourself with added protection by picking strategies and tools
that function best by deploying the higher time-frames from the daily upwards. The
reason for this is that their performances will more independent of which trading
platform you are trading. In addition, the technical indicators included in their
designs will not have such a distinctive bearing on profitability.
3.2. Introducing the MetaTrader 4 Platform
This popular and revered tool can be used to create, modify and compile
source code produced using the MetaQuotes Language 4. Many designers utilized
this platform to develop automated products to trade the financial markets. For
example, they devise Technical Indicators, Experts Advisors and Scripts for the
specific intent of automating the process of trading currencies, stocks, commodities
and indices.
32www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
Main features of the MetaTrader 4 Platform are as follows:
• Opens and saves text files
• Editing and displaying edited and modified source code
• Copying, cutting and pasting text
• Printing files and text
• Search and replace facilities
• Supports a comprehensive MLQ4 dictionary
• Offers a variety of font types and sizes;
• Tailored syntax accent;
• Customized toolbar;
• Syntax compiling and checking
• Identifies and displays compilation errors
• Creating executable object files
• Pre-views results
33www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
3.3 Secrets about Optimization?
There is an additional problem that can significantly impact the performances
of binary option products, which is that the developers of automated tools normally
optimize the trading activities of their devices to specific marketing conditions.
Their software can then generate outstanding operational results, which are
subsequently presented to you within promotional material.
However, trading conditions can drastically evolve very quickly. For instance,
the conventional drivers creating the price patterns on the EUR/USD trading charts
are the judgments made by the European and USA governments along with the
related performances of their economies. However, a critical change occurred in
July 2011 when US recessionary worries and European debt contagion started to
trigger escalating levels of anxiety and uncertainness which subsequently became
the new drivers.
One of the key ramifications of this new development was that most trading
tools and strategies, that had been optimized to perform best with the original
drivers, started to crash under these new trading conditions. You can confirm this
outcome by visiting websites, such as the Forex Peace Army. In so doing, you can
readily validate that the performances of the majority of reviewed expert advisors
severely deteriorated following July 2011.
34www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
The table above shows a good example of this problem by presenting the
trading results for a famous robot. You will observe that as the month of August
advanced, the quantity of losses increased significantly. This was because
increasingly market anxiety and uncertainly started to have an escalating impact on
creation of the price structures for the EUR/USD currency pair. As this tool was
optimize to trade under more standard market conditions, its performance
deteriorated when confounded by the new price formations primarily created by
market dread and anxiety.
35www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
3.4 Square Pegs and Round Holes
You must realize that there exists no amazing formula that will guarantee
you will achieve immediate success at binary options trading. However, you can
unquestionably acquire such an impression if you were to trust the many adverts
promoting products for this market. So that you can safeguard yourself from the
many scams that are prevalent these days, you need to learn how to evaluate this
promotional literature proficiently by applying an expert analysis. For example,
many entrepreneurs boast about just how well their automated products perform
because their key design principles are structured on a renowned formula or theory.
However, before you are entirely taken in by this rubbish, there is
something that you should appreciate about binary options trading which is well-
known and valued by all professional traders. That is this kind of investment
mechanism is performed in real-time and at high speed. Price can generate the
most intricate waveforms during these periods, which are hard to predict and
consequently challenging to trade effectively. This feature implies that unless a
strategy can proficiently cope with the above complexities, then it will only create
average results at best when it is applied to binary options trading. Failed cases are
the martingale technique, which is rooted in casino gambling, and the bell-shaped
curve, which was built to evaluate distributions.
Let us now review the former as a method to demonstrate why attempting to
adapt such methods to binary options trading is the same as trying to insert a
square peg into a round hole. The Martingale method recommends that the size of
future bets should be constantly doubled following each loss. This trading approach
was initially developed in 18th century France and was based on the theorem that
you cannot lose all the time. When this gambling technique was initially deployed in
casinos, its advocators would continuously double their table bets every time they
lost based on the supposition that they would eventually win.
36www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
Recently, quite a few developers have included the principles of the
Martingale into their automated expert advisors. Consequently, after their products
have selected a preferred a trading direction, either long or short, then they will
constantly trade in that path only. Whenever a loss is experienced, the Martingale
strategy demands that the following lot size of the next trade must be doubled on
the basis that a win will ultimately happen. However, this is definitely monetary
suicide when trading the financial markets because the price of an asset can simply
keep progressing in the losing direction, without any reversals, until the trader’s
balance is totally exhausted, as demonstrated in the next diagram.
The above figure displays a series of trades taken from a larger collection of
results. They were generated by a binary option trading strategy applying a seven-
tier Martingale concept. This feature implied that the bet size of each loss would be
continuously doubled until a seventh consecutive loss was recorded. At that stage,
a loss would be registered.
37www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
You can observe such an outcome in the above diagram which shows that all
seven positions eventually failed causing the trader to suffer a very large loss. In
normal gambling such an event rarely happens because the odds of a win are
roughly 50%. However, this statistic does not apply to binary options trading
because of the complex price formations that can be produced in real-time.
The trading results of software tools utilizing the Martingale concepts have
been mainly very disappointing. The reason for this is as follows. A Martingale
system can be very effective when deployed to play a game such as roulette. This
is because the chance of correctly picking red or black is practically 50:50 ignoring
the house slots.
However, the financial market is a completely different entity despite the fact
that superficially price can only move upwards or downwards. As the number of
paths that price can move to over a specific period of time is practically infinite, this
means that it is statistically quite capable of producing trading patterns that can
regularly activate 7-tier losses, which is a premier feature of the above Martingale
strategy.
In addition, any martingale strategy based on such a risk profile requires its
user to deposit a substantially large financial reserve in order to support it. What is
be even worse is that the trader can only invest a small proportion of this balance
to fund an initial trade because a significant amount would have to be held in
reserve in order to service all 7 tiers.
This reserve problem also means that the initial trade can only support a
very small lot size. Consequently, all users of such a Martingale strategy would be
in a very undesirable position because they could only open relatively small trades
despite possessing sizeable trading capital. Consequently, although an expert
advisor based on this concept could secure many wins, their size would pale into
insignificance compared to the extremely large ones of losses. This is the
fundamental reason why the reward-to-risk ratio of such tools is so appalling bad.
38www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
In summary, you are well-advised that when you are evaluating any products
or strategies to assess if their central concepts are full compliant to the trading
environment of binary options. This is exactly what professional traders do. If you
should detect any discrepancies then you should reject deficient products as you
will only experience mediocre results, at best, over the long haul.
3.5 Real Time Issues
These effects are the curse of most trading tools and strategies. Although
professional traders are fully aware of this, novices tend not to be and as a result
are unable to instigate effective analysis of binary options products. In fact, such
devices have been found to be totally inadequate at coping with the extreme events
generated during real-time trading.
For instance, large price spikes and internet disconnections can seriously
influence the quality of trading results attained. As such, experts have striven to
master the necessary skills that will allow them to perform detailed research on any
products of interest in order to verify that they really do contain solutions to real-
time problems.
For example, the design of robots should incorporate techniques that will
ensure central strategies are effective at countering the adverse effects of price
spikes. In addition, these tools should ideally back-up key trading parameters to
hard-disk at regular time intervals. Should a disconnection of any sort occur, they
can then extract and retrieve the data in order to minimize the impacts of such
disruptive events.
If you study and master the importance of the points listed above, then you
will be able to start evaluating any binary options product of interest in the same
way as a professional. By doing so, you will then be able to differentiate the better
tools from the herd as well as providing optimized protection against scams.
39www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
3.6 Trading Binary Options using BULL Strategies
This strategy can be implemented whenever gold starts to advance upwards in a bullish channel. Binary options and currencies pairs based on gold supply you with outstanding opportunities to profit from bull strategies. Fir st, you must detect those times when gold is proceeding in a bullish channel.
Imagine that after searching all the assets suppor ted by your broker, you detect that the XAU/U SD (gold/US D ollar currency pair) is producing the formation that you need by advancing upwards, as shown on the following chart.
This technique can be executed whenever an asset begins to traverse higher
within a bullish channel. Binary options, structured particularly on currencies pairs,
provide excellent opportunities to gain from bull strategies. You initially need to
identify those periods when an asset is advancing in a bullish channel. Envisage
that after a thorough research, you identify that the XAU/USD (gold/US Dollar
currency pair) is generating the price structure required by moving upwards, as
displayed in the next diagram.
Now, you must study this trend in greater detail. Basically, you need to detect major technical features, such as trendlines. For instance, the next chart illustrates the movement of the gold with the lower and upper trendlines overlaid upon it.
Next, you must analyze this formation in more depth. Essentially, you need
to verify the presence of key technical features, e.g. trendlines. For example, the
following figure displays the directional movement of an asset bounded by its lower
and upper trendlines.
40www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
Basically, you can easily produce the upper trendline. Just join the sequence of higher highs; see above diagram. Next, connect the series of higher lows to create the lower trendline.
Your bull strategy is now ready for use. Keep tracking the chart until gold strike s the lower trendline since this will be an excellent point to execute a CALL option. However, verify the lower trendline remains intact by confirming that price does not brea kbeneath it before implementing any further action.
If confirmed, then activate a CALL binary option. Utilize a well-tested management policy to assist you in assessing the most applicable amount to wager on this trade. You w ill then need to choose an appropriate expiry time. Expert consensus advises selecting one in excess of 30 minutes so that any fundamental considerations have enough time to propel pr ice forward in your preferred direction.
Consider that the in-the-money payout is 70%; the out-of-money refund is 10% and the wagered amount is $200. The reward-to-riskratio is then $140:$180. This implies that this initial trade can generate a win of $140 compared to a loss of $180.
Sometime later, gold did indeed climb and the initial position is in-the-money. You next detect gold striking the lower trendline once more, as shown on the next diagram.
Essentially, you can simply create the upper trendline by just joining the
series of higher highs, as shown on the above chart. Next, link the sequence of
higher lows to generate the lower trendline. Your bull strategy is now set to be
implemented. Keep monitoring the trading chart until price hits the lower trendline,
which will be an outstanding place to initiate a CALL option. However, verify first
that price does not break below the lower trendline before executing any
subsequent actions.
If the lower trendline does remain intact, then implement a ‘CALL’ binary
option. Deploy a proven management strategy to help you determine a sensible
amount to invest on this new position. You will then need to choose an appropriate
expiry time. Expert consensus advises selecting ones in excess of 30 minutes so
that any fundamental considerations have enough time to propel price forward in
your preferred direction.
Consider that the ‘in-the-money’ payout is 70%; the ‘out-of-money’ refund is
10% and the wagered amount is $200. The reward-to-risk ratio is then $140:$180.
This implies that this initial trade can generate a win of $140 compared to a loss of
$180.
41www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
A little time later, price did indeed climb and the initial position is ‘in-the-
money’. You next detect price striking the lower trendline once more, as shown on
the next diagram.
You then select to implement CALL 2 binary option as positioned on the diagram above by deploying the identical features as the original trade. However, you once more wait for a couple of minutes to verify the lower trendline remains secure.
As gold would have advanced upwards by some considerable amount before CALL 2 was executed, this implies that CALL 1 is well in- the-money. Should the lower trendline remain steadfast at CALL2 then only a minor riskwas present that price would plummet downwards and drop beneath the strike pr ice of CALL 1.
Consequently, the new reward-to-riskratio is $280:$40. This is an excellent status to achieve as it fulf ills expert recommendations that always counsel reducing your riskexposure at every possible opportunity. Concentrate on your loss potential first and allow your profits to lookafter themselves.
After a short interval, the gold price has again appreciated and both options are recording winning positions. Again you observe price striking the lower trendline. You now execute a third CALL binary option possessing matching parameters to those of the original two. Again, you first verify that the lower trendline remains intact.
The reward-to-riskratio now signals a maximum profit of $420 if in-the-money at expiration and a profit of $100 if out-of-the-money. After the expiry time finally elapses, three winning trades were registered producing a payout of $1020, including the deposits.
You then opt to activate the ‘CALL 2’ binary option, as located on the chart
above by utilizing a similar procedure as before. Again, you must wait for a short
period of time in order to verify that the lower trendline remains secure. As price
would have advanced upwards by some considerable distance before ‘CALL 2’ was
executed, this implies that ‘CALL 1’ is well in-the-money. Should the lower trendline
remain steadfast at ‘CALL2’ then only a minor risk is now present that price would
plummet downwards and drop beneath the strike price of ‘CALL 1’.
42www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
Consequently, the new reward-to-risk ratio is $280:$40. This is an excellent
stance to achieve as it conforms to expert recommendations that always counsel
reducing your risk exposure at every possible opportunity. In other words:
‘Concentrate on your loss potential first and allow your profits to look after
themselves’. After a short interval, the price has again appreciated in value and
both options are recording winning positions. Again you observe price striking the
lower trendline. You then instigate a third ‘CALL’ binary option possessing matching
parameters to those of the original two. Again, you first verify that the lower
trendline remains intact.
The reward-to-risk ratio now signals a maximum profit of $420 if ‘in-the-
money’ at expiration and a profit of $100 if ‘out-of-the-money’. After the expiry
time finally elapses, three winning trades were registered producing a payout of
$1,020, including the initial deposits.
3.7 Trading Binary Options using BEAR Strategies
This approach can be executed every time an asset begins to progress lower
within a bearish channel. Binary options provide exceptional prospects to benefit
from bearish strategies. Initially, you need to identify those instances when price is
proceeding forward in a bearish channel. Envisage that after researching all the
assets serviced by your broker, you discover that the XAU/USD (gold/US Dollar
currency pair) is generating the pattern that you require by slumping lower, as
demonstrated on the next chart.
43www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
At this point, you must analyze this trend in greater depth. Fundamentally,
you should identify key technical features, such as trendlines. For example, the
following chart displays the directional movement of price bounded by its upper and
lower trendlines.
Fundamentally, you can easily create the upper trendline by simply joining
the series of lower highs, as shown in above diagram. Next, link the sequence of
lower lows to generate the lower trendline. Your bear strategy is now set for use.
Continue monitoring the chart until price hits the upper trendline since this will be
an outstanding point to implement a ‘PUT’ option. Nevertheless, confirm that the
upper trendline stays intact by verifying that price does not break above it before
implementing any additional steps. If validated, then trigger a ‘PUT’ binary option.
Deploy a well-tested management plan to help you determine the most suitable
figure to gamble on this position. You will then need to choose the ideal expiry
time.
44www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
Professional opinion recommends selecting one in excess of a half-hour so
that any fundamental factors will have sufficient time to launch price forward in
your desired direction. Consider that the ‘in-the-money’ payment is 70%; the ‘out-
of-money’ refund is 10% and the invested sum is $200. The Reward-to-Risk ratio is
subsequently $140: $180 meaning that this trade can produce a win of $140 in
comparison to a loss of $180. Sometime afterwards, price does, in fact, decline and
the first position expires is ‘in-the-money’. You next identify price striking the upper
trendline yet again, as revealed by the following figure.
You then opt to activate ‘PUT 2’ binary option, as located on the figure above
by implementing the same functions as the initial trade. Nonetheless, you once
again wait for a few minutes to verify that the upper trendline stays unbroken. As
price would have already dropped downwards by some significant amount before
‘PUT 2’ was executed, this feature means that PUT 1 is ‘well in-the-money’. If the
upper trendline now remains intact at PUT 2, then the chances are minimum that
price will spike upwards and break above the opening price of ‘PUT 1’. Therefore,
the new reward-to-risk ratio is $280: $40.
45www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
This is a great position to attain as it complies with expert advice that always
recommends lowering your risk exposure at every feasible opportunity. Focus on
restricting your losses first by permitting your profits to take care of themselves.
After a limited period, price has fallen even further and both binary options are now
recording ‘in-the-money’ statuses. Once again, you notice price hitting the upper
trendline. You now activate a third ‘PUT’ binary option featuring identical attributes
to those of the initial two. Again, you first verify that the upper trendline stays
intact. The reward-to-risk ratio now supports an optimum profit of $420 if ‘in-the-
money’ at expiry and loss of $100 if ‘out-of-the-money’. At expiration, three wins
were registered creating a payout of $1020, including the deposits.
3.8 Expert Advisors & Signal Services
This section further introduces the stimulating world of software trading
services and products. The main goals are to present you with the following key
resources:
- Identify the key benefits and problems of these services and tools
- Help you understand comparison tables proficiently comprising the key
performance variables of each reviewed service and product so that you
can quickly undertake important evaluations
- Provide concise explanations of important terms, i.e. expectancy value
- Recommend a plan of action that you should activate after researching all
the products and services of interest.
3.8.1 What are Forex Robots and Signals?
A robot is a dedicated software program that can automatically trade the
financial markets on your behalf without any involvement by you. The most well-
known robots have been coded especially so that they can be operated using the
revered Metatrader 4 trading platform.
46www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
These resources can then be operated as expert advisers which can conduct
a range of actions automatically, such as pinpointing new trading prospects, exiting
and executing positions and sheltering your trading funds from abnormal levels of
risk, etc. In truth, any manual trading procedure that you conduct can be included
into a robot.
A signal is a professionally produced tip advising when to initialize a new
position based on a selected asset. Every alert is supplied with all the information
needed to execute it easily and accurately, including a precise entry price and time.
Signals are created by either a specialized automated product or by skilled experts.
The most popular approaches utilized to transfer this data from provider to
customer are internet, SMS, internet, social media and email.
3.8.2 Advantages and Pitfalls
Almost all promotional material lists the achievements of their specific
automated product or service by stressing operational parameters, such as
significant profits, fool-proof coding and the capability to acquire profits in the
financial markets without the necessity of any human involvement. Sadly, most of
these assertions are just pure nonsense at best and downright scams at worst.
Nevertheless, these tools are very adept at decreasing the stress behind trading by
eliminating human sentiment from all their functional pursuits. In additional,
services and expert advisors can function 24 hours a day without suffering
excessive stress or exhaustion in contrast to traders.
Every product is based on confirmed and well-tested trading strategies
coupled with money management principles with the expressed intention of helping
its purchasers achieve optimum profits at minimal risks. Despite all these
constructive aspects, how do you establish if an item is any good and what
characteristics do you especially seek? Basically, you need evidence that the device
does indeed generate profits persistently. The normal method implemented by most
sellers to achieve this goal is to utilize back-testing results.
47www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
However, this method is susceptible to distortion because historical
information can easily be altered. Consequently, you should always be suspicious if
you learn that you have to constantly modify the configuration parameters of your
new software tool in order to achieve optimum results. If you are required to
accomplish this task, then you will simply be attempting to fine-tune the device or
service constantly in order to comply with ever-changing trading conditions.
You need to realize rapidly that the automated market is scammer’s heaven.
You may have already been inundated by the intensive marketing promotions of
more than one of these products and/or services. However, you must appreciate
that the majority of software tools only attain profits for very limited time-periods.
A newly released study produced the next operational results:
- Software devices recording profits for periods up to 3 months - 70%
- Products producing revenue for their designers only - 5%
- Tools creating modest profits which are swamped by broker slippage -
10%
- Devices not creating any profits at all - 5%
- Services and robots optimized to particular brokers’ platforms - 10%.
3.9 Using a Demo Account Properly
Professional investors always emphatically recommend that you should trade
binary options for some considerable time before endangering your own funds by
going live. You can accomplish this goal by launching a demo account with a
suitable broker who will then permit you to use its trading platform containing
substantial free demo amenities and resources. If you embark on such an activity,
then you will also present yourself with the ability to assess and evaluate the
trading platforms of all brokers that interest you at no cost whatsoever.
48www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
You will discover that brokers will be more than pleased to let you try this
approach because they then get the chance to introduce and promote their
products and services to you with the overall purpose of convincing you to register
a live account with them. Nevertheless, although this idea sounds fantastic and is
undoubtedly a great action to adopt, you must realize that there are significant
variances between trading a demo account in comparison to a live one.
For instance, you will not feel the same psychological and emotional stress
when demo trading because, as your own personal funds will not be in jeopardy,
you can embrace a more cavalier approach to your trading. On the other hand, you
will discover that live trading can create severe nerve-racking predicaments
especially if you begin enduring sequences of consecutive losses.
When demo trading, you do not have to handle so many demoralizing
situations that can significantly decrease your confidence. For example, you will not
need to battle the escalating fear that evolves when price abruptly begins shifting
against your active trades. You also do not need to fret, when demo trading, about
losing your total balance because you can constantly replenish it with a brand-new
one. For that reason, a gang-ho approach to demo trading can make you acquire
potentially inadequate trading practices such as attempting to maintain your trades
open for extensive periods of time.
You will find that transporting such processes to live trading conditions is
certainly not a good strategy as you could expose your equity to unfavorable
degrees of risk. Never forget, when you embark on the key task of choosing a
binary options broker, to make sure that you discover one that will supply you
constantly with the most affordable spreads. This is because these fees can
drastically build up over time and can detrimentally affect your profits.
49www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
Professional experts will also recommend that you discover ways to manage
your emotions prior to going live. However, you may find that this is challenging
skill to perfect in demo mode. Your primary goal when you begin live-trading is to
supply the best protection for your own restricted finances. However, this task can
create unpleasant feelings that can have negative effects on the caliber of your
trading judgments. For example, if you encounter a series of consecutive losses and
observe your own collateral decrease before your eyes, then such situations can
have damaging influences on your morale and confidence.
You can try to educate yourself to withstand such complications by making
sure your demo trading stimulates live trading conditions as precisely as possible.
For instance, using a demo balance of $50, 000 could severely distort your trading
effectiveness if this sum does not comply with the total amount that you plan to
utilize when going live. As an alternative, you should pick a total that is more
representative of the size of deposit you intend to utilize when live-trading. In so
doing, you will construct live trading circumstances as closely as possible.
3.10 Optimizing the Usage of Trading Charts
Let us now consider how charts fit into the realm of technical analysis and
the numerous methods that you can utilize them in order to improve your trading
performance. For example, they are key tools that investors apply in order to detect
new quality entry opportunities. However, although you should learn about the
numerous versions of charts that exist, you are advised to focus on just a few that
are effective for you and that satisfies your risk profile. As such, you should only
routinely make use of two or three types.
50www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
You can easily get captivated seeking the perfect way to trade and never
become effective in just one straightforward approach. There is no ideal tool or
indicator for trading as so many individuals have already discovered after seeking
such solutions for countless years! When you trade, your primary objective is to
place the percentages in your favor and then revel in the results as opposed to
fretting over those trades that did not work out as you originally thought.
Basic charts display price over a selected time-period by including pertinent
information which can be readily analyzed. Some technical reviews only consider
the key price cycles with the intent of detecting its preferred directional
movements. Studying this data can provide vital insights about whether to activate
new positions or not. There are numerous methods that can be deployed to add
lines to the charts which can help identify price targets. For example, trendlines are
popular tools that can assist you in predicting the movement of an asset when it is
advancing within a well-defined bearish or bullish channel. In addition, you can
install powerful trading indicators, such as the moving average, which can also help
to forecast the future path of an asset.
All these resources should be added in the main area of the chart so that
they relate directly to the price line. Charts also comprise other sections where
additional information can be included to provide different viewpoints of price
action. For example, you may decide to install more sophisticated technical
indicators in these regions, such as the Relative Strength Index and the Stochastic
Oscillator. By using such an approach, you can ensure that the main region does
not become over-cluttered and difficult to analyze.
As chapter 6 will demonstrate, you have an extensive choice of technical
indicators. The primary objective of these tools is to advise when the price of an
asset becomes overbought or oversold. This is a very useful condition to detect
because it can help identify those times when a retraction will most likely occur.
You can consequently, open a new binary option in the opposite direction at these
locations.
51www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
For example, when an oversold status is registered, such situations normally
suggest that traders have become overindulgent at selling an asset implying that a
bullish correction could now be imminent. As such, whenever you detect this
condition, you should start evaluating the viability of opening a ‘CALL’ binary option
using the asset under study as its underlying security.
Technical oscillators fluctuate between low and high readings providing an
indication about whether an asset is oversold or overbought. Different tools may
not provide concurring results as their values depend on how they are calculated.
However, they will normally agree on the current sentiment of the prevailing
market environment. Whenever you detect that an oscillator is issuing either a
selling or buying signal, then you should analyze the relevant price movement for
confirmation.
Essentially, there are three fundamental techniques that traders deploy when
using trading charts –
- Search for structures and formations that help forecast future price
direction
- Add important lines on charts to assist in analyzing price action more
accurately.
- Install technical indicators to detect key conditions, such as oversold and
overbought.
3.10.1 Using Charts to Trade
Some brokers will permit you to trade directly from trading charts. Their
trading platforms often identify potential entry location for new trades. Using such
facilities normally makes it easier to analyze price movements and risk
management.
52www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
3.10.1 Conclusions
The following list contains important factors which you will find useful
whenever you utilize trading charts.
- Line charts display closing prices only
- Candlestick and Bar charts are structured on four key prices – open,
low, high and closing – for each time- frame
- Candlestick charts are simpler to study
- The majority of charts enable you to study trading volumes
- You can deploy either logarithmic or arithmetic chart scales – the
former is often utilized when deploying the longer time-frames.
- Although technical analysis can be applied with any time-frame, it is
far more effective with the longer ones.
Chapter 4
A Cornerstone for
Success
54www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
Chapter 4: A Cornerstone for Success
This chapter will introduce a progressive trading approach which can
substantially simplify your trading decision-making. This is because the procedures
explained are able to drastically enhance your chances of trading success
irrespective of any inadequacies you may have in skills, knowledge or experience.
The initial step in this process is to help you to concentrate on the primary aspects
of such an approach which is a robust mental attitude and yourself.
When traders study or find out about a new trading secret, they usually
imagine that it is a new indicator, new psychological trick or an innovative strategy
that will lead them to the Holy Grail of trading. Apart from the well-established fact
that such an item is completely evasive, there is a superior and more productive
way to trading more effective than by just deploying the next best methodology,
indicator or emotional trick. The REAL secret to trading success is something which
many experts have used to ensure success, not just with binary options, but also
trading stocks, indices commodities and futures.
Regardless of whether you are trading a strategy based on fundamental
analysis, technical indicators or utilizing a robot; there is one factor that is
consistent to all these approaches, which is YOU! One of the errors that novices
make is that they believe they can acquire a strategy or implement an automatic
expert advisor and then merely sit back and watch the bucks roll in without any
additional involvement by themselves.
What such beginners fail to take into consideration is the emotional and
psychological facets of trading. While mastering a methodology or the best
deployment of an automatic robot, many become embroiled in what is referred to
as the ‘right side’ syndrome. This metal attitude entails traders always focusing on
and studying the right-hand side of a trading chart in order to identify new quality
entry and exit prospects.
55www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
However, as real-life trading does not work in this fashion, this analytical
provides a fake sense of success. Undoubtedly, you must acquire an excellent
understanding of a strategy and how its critical factors operate. However, you will
need to acquire the ability to not only see trades but to also imagine how they will
function when activated in order for you to secure long-term trading profits under
any trading conditions,.
For that reason, professionals have developed, in recent times, an impressive
and highly effective trading methodology that when applied to any automated or
manual strategy can transform it into a profitable tool. Again, novices generally
make the blunder of wasting a significant amount of time investigating into what
are the best indicators, strategies and expert advisors that are capable of producing
the perfect trading results. In addition, many newbies fall into the pitfall of thinking
that if one trader has attained success with a particular automated device or
strategy, then they can as well.
A specific pitfall that is widespread with most present-day manual and
automated techniques is that they are not provided with instructions demonstrating
how to acquire the best possible results from their usage. These resources are, of
course, normally supplied with explicit details describing how to install them and
then how to modify their key variables. However, new users are often not informed
about how to achieve the best performances from trading their new device or how
to incorporate them effectively into manual strategies.
The methodology, that has been created as a way to conquer these issues is
very straightforward but effective. This tool enables traders to be successful with
any trading strategy, whether manual or automatic. Furthermore, this formula can
be proficiently applied to all other financial markets, such as futures, stocks,
commodities and currencies.
56www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
4.1 Memorizing Your Trading Guidelines
Most traders are usually familiar with the first part of the formula, which is to
gain a clear appreciation about how a strategy or robot functions as well as learning
how to tune them effectively by adjusting their key parameters. However, once
they successfully complete this step, many of them will then start trading these
tools straightaway. Unfortunately, this is a serious mistake.
Instead, the major objective of this initial step is to encourage you to learn
your trading strategy so well that you will be able to recite its main trading
guidelines by memory. For instance, these rules should include well-defined entry
and exit for every position that you intend to open.
A good analogy would be the favourite saying of most real estate agents
which is ‘location, location, location’. In comparison, in order for you to achieve
trading success, your equivalent expression should be ‘memorize, memorize,
memorize’! Consequently, this is why your rules should be spelled out explicitly in
words. Many successful traders emphatically record ALL aspects of their trading
guidelines and business practices in writing.
This is a very important step, which has been eloquently summarized by Lee
Iacocca, a former President and CEO for Chrysler Corporation, who stated "The
discipline of writing something down is the first step toward making it happen."
Many experts have concluded that numerous novices fail at binary options because
they omit this vital action. In the world of trading, there are no real shortcuts to
success and believing that you can simply learn a strategy and then trade it
straightaway is adopting an erroneous approach. This is why many beginners
record indifferent results.
57www.binarytopgun.com
www.facebook.com/iqoptionrichglobal
4.2 What Makes a Successful Trader?
Expert opinion advises that a list of critical attributes that many prosperous
traders possess is as follows:
1. Competence
2. Self-control
3. Commitment
4. Patience
5. Perseverance
Let us now analyze these characteristics in turn so that we can determine
why they are so crucial to trading.
Competence
As you can imagine, you will not attain success at any human endeavour if
you do not learn the levels of expertise required. The initial step of this
methodology especially concentrates on this essential facet of trading.
For that reason, if you carefully analyze and then memorize the details of a
strategy then you will readily accomplish this objective. In addition, if you
subsequently blend your new knowledge with the other steps of this methodology
then you will begin to advance along the path to success.
Self-Control
Understanding how to manage your emotions is a major feat to accomplish if
you want to trade binary options viably. For instance, you cannot surrender to
greed which is a common pitfall to fall into. For example, the substantial daily
turnover of the financial market causes many investors to adopt a gung-ho attitude
causing them to gamble instead of applying professional trading procedures.
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading
Binary options strategies-how-make-money-in-binary-options-trading

More Related Content

What's hot

Trade Forex From Home - 10 Biggest Mistakes New Forex Traders Make (And How T...
Trade Forex From Home - 10 Biggest Mistakes New Forex Traders Make (And How T...Trade Forex From Home - 10 Biggest Mistakes New Forex Traders Make (And How T...
Trade Forex From Home - 10 Biggest Mistakes New Forex Traders Make (And How T...ForexTraining
 
The simple scalping strategy rules
The simple scalping strategy rules  The simple scalping strategy rules
The simple scalping strategy rules Nasir Tareen
 
Forex Trading - How to Create a Trading Strategy
Forex Trading - How to Create a Trading StrategyForex Trading - How to Create a Trading Strategy
Forex Trading - How to Create a Trading StrategyBlueMax Capital
 
How to Become a Professional Trader
How to Become a Professional TraderHow to Become a Professional Trader
How to Become a Professional Trader My Trading Skills
 
Zero To Hero : Complete Binary Options Trading Guide
Zero To Hero : Complete Binary Options Trading GuideZero To Hero : Complete Binary Options Trading Guide
Zero To Hero : Complete Binary Options Trading GuideMichael Selim
 
60 Second Binary Options Strategy: the complete guide
60 Second Binary Options Strategy: the complete guide60 Second Binary Options Strategy: the complete guide
60 Second Binary Options Strategy: the complete guideTrade Opus
 
Top 8 Forex Trading Strategies
Top 8 Forex Trading StrategiesTop 8 Forex Trading Strategies
Top 8 Forex Trading StrategiesSyrous Pejman
 
Simple scalping secret strategy
Simple scalping secret strategySimple scalping secret strategy
Simple scalping secret strategyHeri Valiant
 
Best Swing Trading Indicators and Oscillators
Best Swing Trading Indicators and OscillatorsBest Swing Trading Indicators and Oscillators
Best Swing Trading Indicators and OscillatorsSwingTradingBootCamp
 
My Personal Forex Trading Plan
My Personal Forex Trading PlanMy Personal Forex Trading Plan
My Personal Forex Trading PlanRuben Topaz
 
Trading edge for the forex market
Trading edge for the forex marketTrading edge for the forex market
Trading edge for the forex marketlcchong76
 
LC's Forex Trading System
LC's Forex Trading SystemLC's Forex Trading System
LC's Forex Trading Systemlcchong76
 
Bollinger bands strategy - With Moving Averaga (BBMA)
Bollinger bands strategy - With Moving Averaga (BBMA)Bollinger bands strategy - With Moving Averaga (BBMA)
Bollinger bands strategy - With Moving Averaga (BBMA)pipsumo traderfx
 
Master binary options trading ebook
Master binary options trading ebookMaster binary options trading ebook
Master binary options trading ebookMasterBinary
 
The Forex Trading Psychology
The Forex Trading PsychologyThe Forex Trading Psychology
The Forex Trading PsychologyJustForex
 
Chart patterns final handout
Chart patterns   final handoutChart patterns   final handout
Chart patterns final handoutwijitha gayan
 
Learn A Simple Range Trading Strategy
Learn A Simple Range Trading StrategyLearn A Simple Range Trading Strategy
Learn A Simple Range Trading StrategyNetpicksTrading
 
Top 8 Forex Trading Strategies That Pro Traders Use
Top 8 Forex Trading Strategies That Pro Traders UseTop 8 Forex Trading Strategies That Pro Traders Use
Top 8 Forex Trading Strategies That Pro Traders UseSyrous Pejman
 

What's hot (20)

Trade Forex From Home - 10 Biggest Mistakes New Forex Traders Make (And How T...
Trade Forex From Home - 10 Biggest Mistakes New Forex Traders Make (And How T...Trade Forex From Home - 10 Biggest Mistakes New Forex Traders Make (And How T...
Trade Forex From Home - 10 Biggest Mistakes New Forex Traders Make (And How T...
 
The simple scalping strategy rules
The simple scalping strategy rules  The simple scalping strategy rules
The simple scalping strategy rules
 
Forex Trading - How to Create a Trading Strategy
Forex Trading - How to Create a Trading StrategyForex Trading - How to Create a Trading Strategy
Forex Trading - How to Create a Trading Strategy
 
RSI Strategy
RSI StrategyRSI Strategy
RSI Strategy
 
How to Become a Professional Trader
How to Become a Professional TraderHow to Become a Professional Trader
How to Become a Professional Trader
 
Zero To Hero : Complete Binary Options Trading Guide
Zero To Hero : Complete Binary Options Trading GuideZero To Hero : Complete Binary Options Trading Guide
Zero To Hero : Complete Binary Options Trading Guide
 
60 Second Binary Options Strategy: the complete guide
60 Second Binary Options Strategy: the complete guide60 Second Binary Options Strategy: the complete guide
60 Second Binary Options Strategy: the complete guide
 
Top 8 Forex Trading Strategies
Top 8 Forex Trading StrategiesTop 8 Forex Trading Strategies
Top 8 Forex Trading Strategies
 
Simple scalping secret strategy
Simple scalping secret strategySimple scalping secret strategy
Simple scalping secret strategy
 
Best Swing Trading Indicators and Oscillators
Best Swing Trading Indicators and OscillatorsBest Swing Trading Indicators and Oscillators
Best Swing Trading Indicators and Oscillators
 
My Personal Forex Trading Plan
My Personal Forex Trading PlanMy Personal Forex Trading Plan
My Personal Forex Trading Plan
 
Trading edge for the forex market
Trading edge for the forex marketTrading edge for the forex market
Trading edge for the forex market
 
LC's Forex Trading System
LC's Forex Trading SystemLC's Forex Trading System
LC's Forex Trading System
 
Bollinger bands strategy - With Moving Averaga (BBMA)
Bollinger bands strategy - With Moving Averaga (BBMA)Bollinger bands strategy - With Moving Averaga (BBMA)
Bollinger bands strategy - With Moving Averaga (BBMA)
 
Master binary options trading ebook
Master binary options trading ebookMaster binary options trading ebook
Master binary options trading ebook
 
The Forex Trading Psychology
The Forex Trading PsychologyThe Forex Trading Psychology
The Forex Trading Psychology
 
Chart patterns final handout
Chart patterns   final handoutChart patterns   final handout
Chart patterns final handout
 
Learn A Simple Range Trading Strategy
Learn A Simple Range Trading StrategyLearn A Simple Range Trading Strategy
Learn A Simple Range Trading Strategy
 
5 Day Trading Techniques
5 Day Trading Techniques5 Day Trading Techniques
5 Day Trading Techniques
 
Top 8 Forex Trading Strategies That Pro Traders Use
Top 8 Forex Trading Strategies That Pro Traders UseTop 8 Forex Trading Strategies That Pro Traders Use
Top 8 Forex Trading Strategies That Pro Traders Use
 

Similar to Binary options strategies-how-make-money-in-binary-options-trading

Investments by Ravi Shukla
Investments by Ravi ShuklaInvestments by Ravi Shukla
Investments by Ravi ShuklaTahseen Ezhar
 
Business Modeling and SimulationContents1 Fundamentals o
Business Modeling and SimulationContents1 Fundamentals oBusiness Modeling and SimulationContents1 Fundamentals o
Business Modeling and SimulationContents1 Fundamentals oTawnaDelatorrejs
 
Dotcomology the science of making money online
Dotcomology   the science of making money onlineDotcomology   the science of making money online
Dotcomology the science of making money onlineInnês Medrano
 
fannie mae 2006Annual Report
fannie mae  2006Annual Reportfannie mae  2006Annual Report
fannie mae 2006Annual Reportfinance6
 
fannie mae Form 10-K 2006
fannie mae  Form 10-K 2006fannie mae  Form 10-K 2006
fannie mae Form 10-K 2006finance6
 
Administration Guide SAP SuccessFactors Recruiting Management Document Recrui...
Administration Guide SAP SuccessFactors Recruiting Management Document Recrui...Administration Guide SAP SuccessFactors Recruiting Management Document Recrui...
Administration Guide SAP SuccessFactors Recruiting Management Document Recrui...Addison Coleman
 
Selling ib ms innovative solutions
Selling ib ms innovative solutionsSelling ib ms innovative solutions
Selling ib ms innovative solutionsrmvvr143
 
Financial modeling for managers with excel applications 2nd edition
Financial modeling for managers   with excel applications  2nd editionFinancial modeling for managers   with excel applications  2nd edition
Financial modeling for managers with excel applications 2nd editionHung Pham Thai
 
fannie mae 2007 3rd
fannie mae 2007 3rdfannie mae 2007 3rd
fannie mae 2007 3rdfinance6
 
Fraud risk managementA guide to good practice1Th.docx
Fraud risk managementA guide to good practice1Th.docxFraud risk managementA guide to good practice1Th.docx
Fraud risk managementA guide to good practice1Th.docxshericehewat
 
Dimensional modelling sg247138
Dimensional modelling sg247138Dimensional modelling sg247138
Dimensional modelling sg247138Sourav Singh
 
fannie mae 2008 First Quarter Earnings
fannie mae 2008 First Quarter Earningsfannie mae 2008 First Quarter Earnings
fannie mae 2008 First Quarter Earningsfinance6
 
fannie mae 2007 1st
fannie mae 2007 1stfannie mae 2007 1st
fannie mae 2007 1stfinance6
 
Making Better Decisions Using IBM WebSphere Operational Decision Management
Making Better Decisions Using IBM WebSphere Operational Decision ManagementMaking Better Decisions Using IBM WebSphere Operational Decision Management
Making Better Decisions Using IBM WebSphere Operational Decision ManagementIBM Software India
 

Similar to Binary options strategies-how-make-money-in-binary-options-trading (20)

Investments by Ravi Shukla
Investments by Ravi ShuklaInvestments by Ravi Shukla
Investments by Ravi Shukla
 
Business Modeling and SimulationContents1 Fundamentals o
Business Modeling and SimulationContents1 Fundamentals oBusiness Modeling and SimulationContents1 Fundamentals o
Business Modeling and SimulationContents1 Fundamentals o
 
Sappress treasury and_risk
Sappress treasury and_riskSappress treasury and_risk
Sappress treasury and_risk
 
Dotcomology
DotcomologyDotcomology
Dotcomology
 
Dotcomology the science of making money online
Dotcomology   the science of making money onlineDotcomology   the science of making money online
Dotcomology the science of making money online
 
fannie mae 2006Annual Report
fannie mae  2006Annual Reportfannie mae  2006Annual Report
fannie mae 2006Annual Report
 
fannie mae Form 10-K 2006
fannie mae  Form 10-K 2006fannie mae  Form 10-K 2006
fannie mae Form 10-K 2006
 
Administration Guide SAP SuccessFactors Recruiting Management Document Recrui...
Administration Guide SAP SuccessFactors Recruiting Management Document Recrui...Administration Guide SAP SuccessFactors Recruiting Management Document Recrui...
Administration Guide SAP SuccessFactors Recruiting Management Document Recrui...
 
Selling ib ms innovative solutions
Selling ib ms innovative solutionsSelling ib ms innovative solutions
Selling ib ms innovative solutions
 
Financial modeling for managers with excel applications 2nd edition
Financial modeling for managers   with excel applications  2nd editionFinancial modeling for managers   with excel applications  2nd edition
Financial modeling for managers with excel applications 2nd edition
 
fannie mae 2007 3rd
fannie mae 2007 3rdfannie mae 2007 3rd
fannie mae 2007 3rd
 
Rand rr2504
Rand rr2504Rand rr2504
Rand rr2504
 
Fraud risk managementA guide to good practice1Th.docx
Fraud risk managementA guide to good practice1Th.docxFraud risk managementA guide to good practice1Th.docx
Fraud risk managementA guide to good practice1Th.docx
 
Dimensional modelling sg247138
Dimensional modelling sg247138Dimensional modelling sg247138
Dimensional modelling sg247138
 
fannie mae 2008 First Quarter Earnings
fannie mae 2008 First Quarter Earningsfannie mae 2008 First Quarter Earnings
fannie mae 2008 First Quarter Earnings
 
fannie mae 2007 1st
fannie mae 2007 1stfannie mae 2007 1st
fannie mae 2007 1st
 
Banking industry intro
Banking industry introBanking industry intro
Banking industry intro
 
Coinaid earth pilot
Coinaid earth pilotCoinaid earth pilot
Coinaid earth pilot
 
Making Better Decisions Using IBM WebSphere Operational Decision Management
Making Better Decisions Using IBM WebSphere Operational Decision ManagementMaking Better Decisions Using IBM WebSphere Operational Decision Management
Making Better Decisions Using IBM WebSphere Operational Decision Management
 
Derivatives
DerivativesDerivatives
Derivatives
 

Recently uploaded

Introduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an EntrepreneurIntroduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an Entrepreneurabcisahunter
 
LIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptxLIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptxsonamyadav7097
 
Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024Guillaume Ⓥ Sarlat
 
Stock Market Brief Deck for 3/22/2024.pdf
Stock Market Brief Deck for 3/22/2024.pdfStock Market Brief Deck for 3/22/2024.pdf
Stock Market Brief Deck for 3/22/2024.pdfMichael Silva
 
The unequal battle of inflation and the appropriate sustainable solution | Eu...
The unequal battle of inflation and the appropriate sustainable solution | Eu...The unequal battle of inflation and the appropriate sustainable solution | Eu...
The unequal battle of inflation and the appropriate sustainable solution | Eu...Antonis Zairis
 
Stock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdfStock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdfMichael Silva
 
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdfAdnet Communications
 
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoRWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoCoinGecko
 
MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.Arifa Saeed
 
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...mwangimwangi222
 
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptxSlideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptxOffice for National Statistics
 
Contracts with Interdependent Preferences
Contracts with Interdependent PreferencesContracts with Interdependent Preferences
Contracts with Interdependent PreferencesGRAPE
 
Taipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for TourismTaipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for TourismBrian Lin
 
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdfLundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdfAdnet Communications
 
Mphasis - Schwab Newsletter PDF - Sample 8707
Mphasis - Schwab Newsletter PDF - Sample 8707Mphasis - Schwab Newsletter PDF - Sample 8707
Mphasis - Schwab Newsletter PDF - Sample 8707harshan90
 
Hungarys economy made by Robert Miklos
Hungarys economy   made by Robert MiklosHungarys economy   made by Robert Miklos
Hungarys economy made by Robert Miklosbeduinpower135
 
20240315 _E-Invoicing Digiteal. .pptx
20240315 _E-Invoicing Digiteal.    .pptx20240315 _E-Invoicing Digiteal.    .pptx
20240315 _E-Invoicing Digiteal. .pptxFinTech Belgium
 

Recently uploaded (20)

Introduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an EntrepreneurIntroduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an Entrepreneur
 
LIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptxLIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptx
 
Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024
 
Stock Market Brief Deck for 3/22/2024.pdf
Stock Market Brief Deck for 3/22/2024.pdfStock Market Brief Deck for 3/22/2024.pdf
Stock Market Brief Deck for 3/22/2024.pdf
 
The unequal battle of inflation and the appropriate sustainable solution | Eu...
The unequal battle of inflation and the appropriate sustainable solution | Eu...The unequal battle of inflation and the appropriate sustainable solution | Eu...
The unequal battle of inflation and the appropriate sustainable solution | Eu...
 
Stock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdfStock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdf
 
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
 
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoRWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
 
MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.
 
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...
 
Effects & Policies Of Bank Consolidation
Effects & Policies Of Bank ConsolidationEffects & Policies Of Bank Consolidation
Effects & Policies Of Bank Consolidation
 
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptxSlideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
 
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
 
Commercial Bank Economic Capsule - March 2024
Commercial Bank Economic Capsule - March 2024Commercial Bank Economic Capsule - March 2024
Commercial Bank Economic Capsule - March 2024
 
Contracts with Interdependent Preferences
Contracts with Interdependent PreferencesContracts with Interdependent Preferences
Contracts with Interdependent Preferences
 
Taipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for TourismTaipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
 
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdfLundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
 
Mphasis - Schwab Newsletter PDF - Sample 8707
Mphasis - Schwab Newsletter PDF - Sample 8707Mphasis - Schwab Newsletter PDF - Sample 8707
Mphasis - Schwab Newsletter PDF - Sample 8707
 
Hungarys economy made by Robert Miklos
Hungarys economy   made by Robert MiklosHungarys economy   made by Robert Miklos
Hungarys economy made by Robert Miklos
 
20240315 _E-Invoicing Digiteal. .pptx
20240315 _E-Invoicing Digiteal.    .pptx20240315 _E-Invoicing Digiteal.    .pptx
20240315 _E-Invoicing Digiteal. .pptx
 

Binary options strategies-how-make-money-in-binary-options-trading

  • 1. Binary Options Strategies: How to Make Money in Binary Options Trading BINARYTOPGUN.COM IQ OPTION RICH PAGE
  • 2. i TABLE OF CONTENTS Chapter 1: Introduction ..............................................................................2 1.1 Scope and Purpose .........................................................................................2 Chapter 2: Brokers, Scams and Why 95% of Traders Lose..........................7 2.1 Selecting a Trustworthy Binary Options Broker ..............................................7 2.2 Key Features of Top-Class Brokers ...............................................................10 2.3 The Mindset of a Scammer............................................................................12 2.4 Expert Advisors are the Scammer’s Playground ...........................................14 2.5 Defending Yourself Against Scammers .........................................................16 2.6 The Killer Problem ........................................................................................17 2.7 Understanding Novice Trading Habits...........................................................20 2.8 Why Standard Methods Do Not Work............................................................22 Chapter 3: Analyzing Strategies and Tools................................................29 3.1 Are all Price Feeds Identical? .......................................................................29 3.2. Introducing the MetaTrader 4 Platform .......................................................31 3.3 Secrets about Optimization?.........................................................................33 3.4 Square Pegs and Round Holes ......................................................................35 3.5 Real Time Issues ..........................................................................................38 3.6 Trading Binary Options using BULL Strategies..............................................39 3.7 Trading Binary Options using BEAR Strategies .............................................42 3.8 Expert Advisors & Signal Services ................................................................45 3.9 Using a Demo Account Properly....................................................................47 3.10 Optimizing the Usage of Trading Charts .....................................................49 Chapter 4: A Cornerstone for Success .......................................................54 4.1 Memorizing Your Trading Guidelines ............................................................56 4.2 What Makes a Successful Trader?.................................................................57 4.3 Preparing Mentally For The Challenges Ahead ..............................................59 4.4 Historical and Live Trading ...........................................................................60 4.5 Never Stop Learning .....................................................................................61 4.6 Optimizing your Trading Performance ..........................................................62 Chapter 5: Introducing Fundamental Analysis ..........................................65 5.1 Defining Fundamental Analysis ....................................................................65
  • 3. ii 5.2 Trading Economic Data Releases ..................................................................66 5.3 Volatility and Economic Data Events.............................................................72 5.4 More Trading Ideas for News Releases.........................................................74 5.5 Strategies Based on Fundamental Analysis ..................................................76 5.6 Important Fundamental Indicators ..............................................................82 5.7 Good Research is Essential ...........................................................................87 Chapter 6: The Importance of Technical Analysis......................................90 6.1 Introducing Technical Analysis.....................................................................90 6.2 Confirmation using Candlesticks...................................................................93 6.3 Identifying Bottoms and Tops ......................................................................99 6.4 Technical Analysis Compared to Fundamental Analysis .............................. 102 6.5 The Significance of Money Management ..................................................... 106 6.6 Technical Indicators ................................................................................... 109 Chapter 7: Popular Binary Options Strategies .........................................129 7.1 Breakout Strategies.................................................................................... 129 7.2 Trend Retracement Strategies .................................................................... 138 7.3 ‘Tops and Bottoms’ Strategies .................................................................... 147 7.4 Scalping Strategies..................................................................................... 151 7.5 Candlestick Strategies ................................................................................ 155 7.6 Fake out Strategies .................................................................................... 162 Chapter 8: Constructing a Binary Options Strategy .................................171 8.1 Picking the ideal expiry time ...................................................................... 172 8.2 Which Technical Indicator to Select............................................................ 172 8.3 Which Assets to Trade? .............................................................................. 175 8.4 Designing a Confirmation Strategy ............................................................. 176 8.5 Rules for Opening and Closing Positions..................................................... 179 8.6 Reducing Your Risks ................................................................................... 184 8.7 Operational Advice ..................................................................................... 188 8.8 Pitfalls to Avoid .......................................................................................... 189 Chapter 9: Trading More Effectively Using Binary Options ......................197 9.1 The Advantages of Using Binary Options .................................................... 197 9.2 Binary Options Strategies........................................................................... 200 9.3 Differences between Binary and Traditional Options .................................. 204 Chapter 10: Live Binary Options Trading.................................................207
  • 4. iii 10.1 More About Binary Options Strategies ...................................................... 207 10.2 Trading Guidelines.................................................................................... 207 10.3 What You Require to Trade Binary Options............................................... 208 10.4 You are the Main Component.................................................................... 209 10.5 Examples of Binary Options Trading ......................................................... 211 Chapter 11: Increase Profits by Exploiting Volatility...............................216 11.1 Gold trading is more volatile..................................................................... 216 11.2 Volatility and Risk Exposure ..................................................................... 219 11.3 The Complexities of Trading Gold normally .............................................. 223 11.4 Improving Your Gold Trading Results ....................................................... 226 11.5 A Trading Example.................................................................................... 228 Chapter 12: Trading Specific Markets (including Pair Options) ...............234 12.1 Stock Trading using Binary Options .......................................................... 234 12.2 Trading Commodities using Binary Options .............................................. 236 12.3 Index trading using Binary Options .......................................................... 238 12.4 Trading Currency Pairs using Binary Options............................................ 240 12.5 What are Pair Options?............................................................................. 245 12.6 Pair Options vs Binary Options ................................................................. 246 Chapter 13: Trading Different Time-Frames............................................249 13.1 60 Seconds Trading .................................................................................. 249 13.2 1 Minute Strategies .................................................................................. 250 13.3 Day Trading .............................................................................................. 254 13.4 Swing Trading .......................................................................................... 256 13.5 The Power of the Longer Time Frames...................................................... 259 13.6 Volatility and Time Frames ....................................................................... 261 Chapter 14: Summary .............................................................................264
  • 6. 2www.binarytopgun.com www.facebook.com/iqoptionrichglobal Chapter 1: Introduction 1.1 Scope and Purpose ‘Binary Options Strategies: How Make Money in Binary Options Trading’ is basically aimed at novices and introduces all the main concepts of binary options trading in an easy-to-follow style. The prime mission of this book is to help you to trade binary options successfully and profitably. Specifically, you will be presented with concepts and strategies that will assist you in optimizing your returns. Binary options are heavily endorsed by widespread marketing promotions stressing how simple it will be for you to make an additional stream of revenue, if not a fortune, from trading the financial markets. However, you must understand from the very beginning that binary options trading is an involved topic and speculating on it successfully is certainly not a forgone conclusion. ‘Binary Options Strategies: How Make Money in Binary Options Trading’ is the book on binary options that you have been waiting for. This is because it will completely sweep away any naïve conceptions that you may possess thinking that binary option trading is a source of easy money. The main reason for doing this is so that you will become more conducive to lateral thinking and will then be more likely to consider methods that will enable you to trade binary options more effectively. Consequently, one of the main objectives of this book is to show you that you could invest considerable amounts of your time and energy if you attempt to trade binary options directly using standard techniques. ‘Binary Options Strategies: How Make Money in Binary Options Trading’ is not trying to demoralize you by defining the depths of these tasks but to introduce you to a new sense of reality.
  • 7. 3www.binarytopgun.com www.facebook.com/iqoptionrichglobal In doing so, the main idea is that your mindset will become more susceptible to lateral thinking and considering innovative methods of trading binary options which would be more applicable to your skill and knowledge levels. Most successful professional traders have taken many years to master this subject. Do you really have this amount of time to spare? Even if you did, do you possess the diverse skill levels required to ensure success. Perhaps you may think that all this is a dream and not possible. However, think again and read on because ‘Binary Options Strategies: How Make Money in Binary Options Trading’ is about to show you otherwise and change your life in the process. You will discover that this book will achieve this objective by utilizing straightforward explanations supported by aesthetical and highly relevant charts and diagrams. Chapter 2 introduces you to important skills that you will find paramount to coping with key tasks, especially if you are a novice. Guidelines are provided advising how you can best accomplish the task of selecting a premier binary options broker. Worried about scammers? Then do not be as defense techniques are revealed that can protect you from this scourge. Do you want to know why so many binary options beginners fail and why many strategies just do not work? This chapter will explain all. Chapter 3: Have you already been swamped by advertisements introducing a myriad of binary options tools and strategies. How well did you do at analyzing and using them? Did you manage to select any winners? If not and, especially if you are new to this type of financial speculating, then you could well benefit by gaining insights into how professionals evaluate such products. This chapter is intended to pull back the curtains in order to reveal to you important and valuable expert insights that will help you choose those techniques that really can elevate your profit potential on a consistent basis.
  • 8. 4www.binarytopgun.com www.facebook.com/iqoptionrichglobal Chapter 4 will introduce a progressive trading approach which can substantially simplify your trading decision-making. This is because the procedures explained are able to drastically enhance your chances of trading successfully irrespective of any inadequacies you may have in skills, knowledge or experience. The initial step in this process is to help you to concentrate on the primary aspects of such an approach, which is a robust mental attitude and yourself. Chapter 5 introduces you to the concepts of Fundamental Analysis. You will then be shown how you can proficiently trade important news events and how volatility impacts these releases. You will also be introduced to a number of key economic indicators and why constant research is so important. Chapter 6 deals with Technical Analysis by describing its main functions. You are also presented with a number of strategies based on its concepts with which you can trade a variety of market conditions. The importance of money management is explained and a selection of premier technical indicators introduced. Chapter 7 explains the concepts behind a variety of popular binary options strategies including breakouts, tops and bottoms, scalping and trend retracement, etc. In particular, specific examples will be introduced illustrating each of the presented strategies in action. Chapter 8 now uses the information introduced in the previous chapters to show you how to develop your own binary options trading strategy in easy-to-follow steps. Advice on how to limit your risks is presented and operational guidelines are supplied which you can utilize when trading your new strategy. Potential pitfalls are also identified. Chapter 9 is intended to demonstrate to you the advantages of trading binary options by using a diversity of assets as their underlying securities. This objective will be achieved by introducing you to strategies, advantages and examples that will help you get the most out of trading binary options.
  • 9. 5www.binarytopgun.com www.facebook.com/iqoptionrichglobal Chapter 10 demonstrates the benefits of trading binary options now that you have been introduced to their merits. This goal will be accomplished by presenting strategies, techniques and examples that will assist you in deriving the most out of this trading mechanism. To commence this process, additional features of a well-proven and tested binary options strategy are discussed. Chapter 11 introduces concepts to exploit volatility in order to boost your profit potential. Specifically, the advantages of trading gold are clearly defined as a mechanism to achieve this objective. The conclusion that you should deduce after reading this chapter is that an approach using binary options is definitely required if you intend to profit from trading excessive volatility. Chapter 12 describes how you can best deploy binary options in order to trade specific market sectors, such as stocks, commodities, currencies and indices. In addition, the concepts of pair options are presented and are directly compared to those of binary options. Chapter 13 discusses the merits of designing binary options strategies using different time-frames. Reasons are listed why professional traders tend to prefer the longer time-frames. Also, the impacts of volatility on time-frames are also identified. Chapter 14 summarizes the ideas introduced throughout this book as well as recommending your best way forward.
  • 10. CHAPTER 2 Brokers, Scams and Why 95% of Traders Lose
  • 11. 7www.binarytopgun.com www.facebook.com/iqoptionrichglobal Chapter 2: Brokers, Scams and Why 95% of Traders Lose The primary purpose of this chapter is to introduce you to a number of skills that you will find very useful, especially if you are have just started trading binary options. For instance, guidelines will be provided that will help you identify the optimum binary options broker that will best comply with your trading aspirations and ambitions. In addition, you will be advised on how best you can protect yourself from the many scammers, which unfortunately, inundate this marketplace. Finally, explanations will be supplied explaining why so many novices fail at binary options and why many standard strategies do not generate consistent results. This information is not intended to deter you from your binary options objectives but, instead, is meant to deliver a more realistic understanding about what you should expect from trading binary options. 2.1 Selecting a Trustworthy Binary Options Broker If you intend to trade Binary Options, then one of your initial tasks will be to choose a premier broker who will supply you with the necessary tools and services to accomplish this objective. Here are some key features that you should evaluate: 2.1.1 Define Your Basic Requirements Essentially, you should identify the initial facilities which you ideally need your new broker to support. For instance, you should seek answers for the following pertinent queries: - Do you intend to trade currencies, commodities, indices and stocks? - What deposit amount do you intend to invest? If you are a novice then you should aim to spend a minimum amount until you have gained sufficient experience. - How do you propose funding your new trading account, e.g. credit card or bank wire, etc.?
  • 12. 8www.binarytopgun.com www.facebook.com/iqoptionrichglobal You can deploy such fundamental questions to help develop a more comprehensive list of requirements that you can then utilize to select your optimum broker. 2.1.2 Review and Research each Brokers of Interest Before joining any broker, ensure you have undertaken widespread research into both its reputation and the quality of its tools and services. You can achieve this goal by analyzing the extensive number of online reviews that exist for most top-class brokers. In particular, you should verify the following key attributes. - Are they regulated by the recognized governing bodies of their country of origin, e.g. Cyprus Securities Exchange Commission (CySEC) or the Commodities Future Trading Commission (CFTC), etc.? Essentially, you should validate that any broker of interest is correctly qualified before investing any funds with them. - Are they US citizen friendly, i.e. do they accept USA clients? - What leverage amenities will be supported? This feature is vitally important as it will enable you to activate very large trades supported by minimum deposits. Nevertheless, you should not seek an unrealistic value otherwise your risk levels will also surge dramatically. If you are a beginner, then you should opt for leverage of about 100:1. - Identify a broker which consistently supplies the lowest spreads. These values are the commissions that it will charge for each trade you activate. - Carefully analyze the trading tools and platform provided. Basically, you need the best facilities possible to assist you in deriving the optimum trading decisions, such as identifying high quality entry prospects.
  • 13. 9www.binarytopgun.com www.facebook.com/iqoptionrichglobal 2.1.3 Demo Accounts Verify that a prospective broker supports free demo facilities so that you can test its amenities as well as improving your trading skills before risking any of your own funds. You are well-advised not to risk any of your own money without utilizing a demo account first, especially if you are a newbie. 2.1.4 Compare Brokers After undertaking the above steps; you should then have generated a list of preferred brokers that best match your trading ambitions and aspirations. Next, you must filter these selections down in order to obtain your ideal broker. You can accomplish this objective by asking more detailed queries, such as the following: - What type of accounts do they offer, e.g. mini, micro or MetaTrader 4/5 (MT4/5), etc.? - Where are they based and when were they founded? - How efficient and effective is the trading platform supported and how good are its facilities and tools? - Is the customer service supported effective and efficient? 2.1.5 Enlist with a Broker by Activating a Demo Account By doing so, you can invest time to test all the tools supported by your new trading platform. Verify that its facilities fully comply with your requirements. If not, then investigate other brokers. In summary, you will need to consume energy and time in order to identify the optimum broker permitting you to trade Binary Options as proficiently as possible. Achieving this task successfully will substantially contribute to your ability to attain long-term success.
  • 14. 10www.binarytopgun.com www.facebook.com/iqoptionrichglobal 2.2 Key Features of Top-Class Brokers Many experts advise utilizing the following list of key attributes to assist you in identifying optimum binary options brokers that will comply best with your trading objectives. 2.2.1 Fee Structure Verify that all commissions and charges are clearly transparent and easily accessible. You do never want to be surprised by any non-disclosed costs whatsoever. 2.2.2 Professional Support You will require premier quality customer support 24/7 in order to address all your queries concerning your broker’s trading platform, tools and services, etc. Validate the proficiency of the support provided by calling them and asking pertinent questions. How did you rate the courtesy and quality of your received replies? 2.2.3 List of Assets Top-class brokers offer a comprehensive selection of underlying assets which you can utilize to activate binary options. Premier companies usually support over 100 such items, which are normally diversified between the four main trading categories, i.e. indices, commodities, stocks and currencies. 2.2.4 Returns and Refunds Confirm that your potential broker consistently supplies competitive returns and refunds. For example, seek profit payouts of 80+% and rebates of 10+%. 2.2.5 Leverage Your preferred broker must provide you with an excellent leverage facility in order for you to capture worthwhile profits, as defined in 2.1.2.
  • 15. 11www.binarytopgun.com www.facebook.com/iqoptionrichglobal 2.2.6 Expiry Times A prospective broker must support a wide-ranging choice of expiry times, ideally ranging from 1 minute to multi-month. 2.2.7 Security This feature is particularly vital as it will ensure that all the key information that you enter into your broker’s platform will always be stored securely. Verify how this task will be accomplished. 2.2.8 Trading History You need a tool capable of storing all the critical details of every binary option that you will ever activate. You also require additional resources to assist you in analyzing this information in order to enhance your trading skills. 2.2.9 Trading Platform You must have access to a top-class trading platform that will permit you to implement your trading decisions reliably and promptly. Test out such facilities by utilizing a demo account, if possible. 2.2.10 Web-Based Access This attribute is highly relevant especially if you plan to trade on the move. You will then be able to operate at anytime and anywhere by simply using any computer facility boosting an internet connection. 2.2.11 Withdrawals and Deposits Confirm that you will not endure any problems when transferring money out of and into your trading account.
  • 16. 12www.binarytopgun.com www.facebook.com/iqoptionrichglobal 2.2.12 Website Quality brokers present excellent websites that offer helpful advice capable of enhancing your trading decisions, i.e. news commentaries, educational material and the trading tips, etc. Also confirm that this tool is frequently updated and easy to transverse. By comparing and analyzing the attributes, identified above, will assist you considerably in selecting the optimum broker for you. 2.3 The Mindset of a Scammer Scammers are despicable individuals who are very talented at identifying and exploiting the flaws of inexperienced traders. Although experts are very proficient at countering scamming ruses, sadly binary options beginners are not. Scammers know precisely how to entice novices by targeting their dreams, ambitions and innocence. You basically cannot underrate scammers because they are skillfully adept in the ways of deception. As such, most novices are easy prey for them. If you said that it is very sad that the world has come to this then, no doubt, many would agree with you. You would think that with all the efforts scammers make to con the general public out of money that they could expend their energies doing something good for humanity. Unfortunately, that is just not the nature of these things. As statistics show that novices are tricked out of amazingly large sums of money every year, you need as a priority to gain an appreciation of the protective measures that experts deploy in order to protect themselves from scammers. This section is intended to help you achieve this objective.
  • 17. 13www.binarytopgun.com www.facebook.com/iqoptionrichglobal Regrettably, many newbies endure severe depression after reality demolishes their naïve and pre-conceived ideas about binary options trading. Consequently, they then tend to seek in despair for any quick or magical answer that can eliminate their problems by readily placing their trading objectives back on course. However, by instigating such actions, newbies then become ready targets for the large quantities of scammers who infest the binary options market. You are wise to appreciate quickly that the financial markets are breeding grounds for the scammer. One of the main reasons for this is that many novices convince themselves that they can easily acquire even just a small slice of the enormous daily turnover traded every day. The powerful publicity, which engulfs binary options, also brainwashes beginners into thinking that they can become rich very quickly. You can grasp the size of this problem if you imagine the distribution of traders as a very large pyramid with the 5% of successful traders at the top. Consequently, you will form part of the massive base of this structure if you are a beginner. Scammers are normally just failed traders who usually contribute to the area between the bottom 10% and the top 5% of our imaginary pyramid. As such, most of these obnoxious individuals have failed to cope properly with the many complexities associated with binary options trading as well as lacking the skills and vision to create strategies and tools that really work profitably. They almost definitely were unable to counter the optimization obstacles which are generated as a result of price constantly producing complex price formations and patterns. A large majority of scammers have a bent on creating automated devices that are based on their flawed trading strategies. Consequently, the vast majority of these products do not generate any sort of profit at all. What are the best methods you can utilize to protect yourself from the scammer? The following list presents some of the main methods used by professionals:
  • 18. 14www.binarytopgun.com www.facebook.com/iqoptionrichglobal 1. Do their advertisements make ridiculous claims about the performance of their products? For instance, you must be on your guard if you read statements such as ’our robot will assist you in attaining 100% binary options trading successes’ or ‘our tool can generate a return of 100% return in a matter of days’. 2. If you study marketing literature carefully, you can then deduce whether they have been produced by scammers. For example, are any real trading results presented that you can readily verify? 3. You are almost certainly reading about a scam if you have be provided with a long drawling sales letter backed by a sequence of autoresponder- generated emails supported by idiotic titles. 2.4 Expert Advisors are the Scammer’s Playground If you are new to binary option trading and are intent on buying an automatic trading program then you must be cautious because when doing so you will be stepping into the world of the scammer. These individuals are typically unsuccessful traders who have not managed to grasp the complexities of this involved subject. Consequently, you need to understand that most of them have just created their products by utilizing their deficient trading strategies. This is the key reason why such a significant percentage of these items fail to meet their promotional hype. For example, if you were to trust all the claims included in the adverts for such expert advisors then you should deduce that their owners should already be very well-off and retired. However, studies and reality present a far more demoralizing image by displaying that in excess of 95% of these tools fail. Even those that do register any reasonable results, only do so for a restricted time period. A recent study disclosed the subsequent performance details after screening numerous well- known robots:
  • 19. 15www.binarytopgun.com www.facebook.com/iqoptionrichglobal 1. Five% of these resources did not generate any income whatsoever even for their developers. 2. Another 10% created profits but only on selected trading platforms and then just for minimal durations. 3. Seventy percent attained profits for intervals up to three months only. 4. Five% were able to produce profits but for their inventors only. 5. Despite the fact that another 10% did obtain profits, they were so modest in size that they were totally submerged by broker fees. You can deduce after studying the above results that most of the creators of these devices have no genuine concepts about how to successfully produce an expert advisor. In particular, scammers have serious problems conquering the optimization issues that are created as a result of price continuously producing complicated structures and formations. Regardless of these significant inadequacies, scammers still plough on publishing their defected rubbish onto the market in order to obtain as much revenue as possible. Many scammers are so deluded that they even think their own customers are the key reason for the failure of their merchandise. They make assertions stating that the buyers of their expert advisors should not anticipate that all their monetary problems should disappear simply after purchasing a $100 robot. Nevertheless, it is the scammers themselves who promote such ideas within their deployable promotional material. Recently, they have even resorted to requesting that their consumers should fund the research required to optimize their products to the ever-evolving trading conditions.
  • 20. 16www.binarytopgun.com www.facebook.com/iqoptionrichglobal 2.5 Defending Yourself Against Scammers During recent challenging financial times, many individuals understandably sought ways to create extra money. A significant number were lured towards binary options mainly because of its substantial daily turnover and simplicity of use. They incorrectly imagined that they had outstanding possibilities of obtaining just a modest portion of its massive income flow. However, most of them failed to appreciate that they would need to effectively conquer a serious learning curve in order to achieve constant profits. Upon ultimately acknowledging the full ramifications of their circumstances, many of them then hunted for speedier remedies as opposed to grappling with the complexities of this topic. Those who did select the former path subsequently became potential cannon fodder for scammers. You must appreciate rapidly that scammers are typically just unsuccessful investors who have devised ways to make their pathetic efforts at trading look rewarding. One of the key attributes of a scammer is that they have a sound familiarity with the mindset of novices. In truth, many scammers have even attained the point whereby they may have attempted to develop their unique trading strategies. They may have even recorded some good results by capturing profits for some extended time. However, most of them ultimately fared poorly since they basically did not have the expertise or know-how to resolve the many difficulties of binary options trading. If you now understand that the majority of scammers structured the designs of their automated solutions on their flawed trading strategies then you will instantly realize why hardly any of them work. For that reason, if a device or method attracts your attention then you must carry out a professional evaluation of its promotional materials by checking for any unsustainable performance claims. For example, you should search for outlandish boasts, such as ‘our product is able to double your balance each and every week’ or ‘do you want to learn a secret that will make you very wealthy in no time at all’. As such statements are almost impossible to accomplish in reality, if you detect them then you can deduce that you are handling a rip-off.
  • 21. 17www.binarytopgun.com www.facebook.com/iqoptionrichglobal You should also hunt for proof of performance. For instance, are you able to validate any of the product’s specification and results independently before you commit to a purchase? If, instead, you find yourself studying just a prolonged drawling sales page, then you are well-advised to disregard that specific item as yet another scam. Scammers will try to lure you by utilizing remarkable adverts comprising keys words that have powerful marketing and promotional influences. For instance, as the word ‘secret’ is a particular favorite, look out for titles such as ‘the ten secrets that trading professionals have not explained to you’ or ‘these secrets about binary options will stun you’. The only real secret that scammers possess is how they find so many ways to generate such huge amounts of junk. If you have any concerns, then do not buy. 2.6 The Killer Problem Why do so many investors fail at Binary Options trading? The figures are daunting as they illustrate that nearly 95% of people do. Is there a core explanation that will help explain this specific trend? Yes, there is as you will always be confronted by a specific issue when trading binary options which can not only consume your entire deposits but render your goals and dreams useless as well. This section sets about identifying this sinister facet of Binary Options trading. Comparable to the majority of us, you may well have been captivated by advertising campaigns promoting the idea that you can easily make 75%+ returns in just minutes by trading binary options. This feature is, in truth, quite genuine because you can. However, you must also understand that you can equally lose 100% of your investments in comparable periods of time.
  • 22. 18www.binarytopgun.com www.facebook.com/iqoptionrichglobal Nevertheless, for some emotional reason we usually disregard the latter problem by preferring to spotlight the former feature usually because we are motivated by thoughts of instantaneous wealth. The marketing aspects of binary options are, unquestionably, highly effective and efficient at luring most individuals into a deluded state of false security. Why does this occur? After all, although binary options brokers do advertise their products and services, they are not effectively keeping a firearm at our heads and pushing us into trading. The core matter appears to be that most of us do not appreciate the significant adverse effects that are trigger by those horrific broker-biased Reward- to-Risk (R/R) ratios. Let us now research this topic in more detail with the aim of understanding the true relevance of this challenging issue. For example, imagine that you have opened a binary option trade based on an asset boasting a payment ratio of 75% and a refund ratio of 0%. This means that you will be supporting a position displaying an R/R ratio of 75%: 100%, i. e. 42%. Imagine that you activate 5 trades each with such an R/R ratio by waging $100 every time. Now, contemplate that you win 3 and lose 2. Your profit would be (($75*3) - ($100*2)) = $25. In comparison, the next time you lose 3 and win 2. Your loss will now be (($100*3) - (($75*2)) = $150 Well, those results are not very impressive but, instead, are quite concerning. So, let us now contemplate that you are trading the shorter time frames and implement 500 trades in 2 months once again with an identical R/R ratio and with a win-to-loss (w/L) ratio of 65%. You wager $100 on each position. Consequently, your overall profit will be $6, 875. Pretty good, I guess. Even so, the third month is a minor catastrophe leading to 250 trades registering 60% losses. Your losses would now equal $7, 500 which would not only eliminate your original 2 month profit but also create a monetary loss.
  • 23. 19www.binarytopgun.com www.facebook.com/iqoptionrichglobal I guess it is realistic to summarize that by making use of a strategy featuring such a dreadful R-to-R signifies that you will always be courting tragedy. Just one short period of damaging trading results can completely eliminate all your efforts rapidly. Now, if you operate identical figures using an R/R ratio of 110%: 100%, then they will produce a winning 2 month profit of $18, 250 and a 1 month loss of $4,000 producing an overall profit of $14, 250! Some experts have been researching this topic for many years and have concluded that it is possible to conquer this substantial problem and convert the odds back into your favor. To achieve this goal, a strategy is needed that boasts a W/L ratio of at least 50% (much higher is preferable). The next crucial step is to generate a R/R ratio that is in excess of 50% as the normal ones are well less than this figure, e. g. 75%: 100% = 42%. You will be pleased to know that this goal can be achieved using a variety of methods. However, to complete this task successfully you must be aware that you will need to reassess every basic aspect of binary options trading by implementing a far more enlightened outlook. 2.6.1 The Burning Question As you can deduce, the reward-to-risk ratio issue defined above is a significant hurdle to conquer and inhibits most traders from ever realizing any worthwhile gains. You also need to appreciate that if you have the technical and monetary amenities, such as those of a distinguished hedge fund, then you will possess the capabilities of producing serious profits from binary options trading by simply forecasting the right directional movements of selected assets. Nonetheless, you will almost certainly require $millions of dollars annually to support the costly resources and suitably qualified staff needed to make this happen.
  • 24. 20www.binarytopgun.com www.facebook.com/iqoptionrichglobal So, here is the basic problem. Do Jane and Joe Average have any hope of earning a constant flow of rewarding profits by trading binary options since the odds are piled so much against them? With a restricted budget of just a few thousand dollars, they will definitely not possess the amenities of a hedge fund. This goal can be accomplished in numerous ways. However, in doing so every facet of trading binary options has to be considered in a totally different light. For instance, you cannot proceed to spotlight 60sec trades as most beginners are inclined to do. 2.7 Understanding Novice Trading Habits This objective is not to focus on any negativity or to poke fun at beginners by any means. Instead, researching into their behavioral trading habits should disclose important insights into why you should not adopt such approaches if you want to trade binary options productively. As you undoubtedly know, practically 95% of all beginners fail by losing their entire original deposits rapidly during the process. They manage to achieve this undesired target by utilizing naive strategies and techniques which experts would toss aside instantly. For example, many newcomers believe all they have to do is merely eyeball the trading charts of any assets that interest them. In some way, they imagine that they can discover patterns, such as reversals and breakouts, by undertaking just this process alone. This is even though they have virtually no trading expertise, knowledge or appropriate skills. Some even believe, that within days from start-up, their restricted analytical skills will permit them to make remarkable binary options breakthroughs that no-one else has previously discovered. This egotistic and unsophisticated approach is nothing short of instigating monetary suicide. This is even more so when you find that most newbies activate binary options without even applying any kind of money management strategy at all.
  • 25. 21www.binarytopgun.com www.facebook.com/iqoptionrichglobal As a result, they over-trade by launching highly leveraged positions exposing their equity to unsubstantiated levels of risk. Consequently, they eventually endure significant drawdowns that ultimately consume their entire trading capitals. Binary Options professionals just watch on in amazement as this situation repeats itself constantly. Even if they do attempt to intercede, most newcomers often just ignore any expert guidance offered to them by assuming that they have somehow discovered a magical secret allowing them to trade binary options effectively. As you can quickly deduce, you cannot continue trading in this fashion otherwise you will experience considerable monetary losses. 2.7.1 The Outcomes of Such Naivety You may have been attracted towards binary options trading by the intensive publicity surrounding this topic. Certainly, this investment mechanism undoubtedly offers many attributes that can easily lure beginners by presenting images of instantaneous prosperity. However, once you leaped on-board then you could have rapidly discovered that you had bitten off more than you could chew. As a result, your original aspirations may have quickly dissolved into delusions. For example, did you possess any of the concepts listed below that are the findings produced by a recent study enquiring into the state of mind of binary options newbies? - They assume that all they must do to accomplish binary options success is to either obtain an automated robot or some guru’s trading method. - Novices also believe they do not need to apply any genuine effort into mastering the complexities of binary options trading. - Most newbies do not realize that one of their prime priorities must be to utilize well-proven money management principles as a way to supply the best possible defense for their trading capital.
  • 26. 22www.binarytopgun.com www.facebook.com/iqoptionrichglobal - They search for exhilaration and excitement by attempting to conduct many trades per day. They believe that in doing so they will create substantial profits more rapidly. - They cannot handle losses proficiently and do not understand that even professionals make blunders. - Novices jump from one binary option strategy to another by not persevering with any technique for any extended time period particularly if such tools cannot generate profits fast enough. - They are under the deluded perception that 80% of their binary options trades will be straight out winners. - They have no appreciation that the odds are piled against them and they must apply appropriate measures urgently in order to counter this situation. If you have already acquired any expertise at trading the fiscal markets, then you will appreciate that the above is just a wish list and has no authentic bearing on the real world of binary options trading. In truth, you can deduce that beginners consider that they can utilize binary options to become wealthy rapidly with virtually no hard work on their part. Nevertheless, you must promptly realize that harboring such naive concepts will only generate substantial monetary losses over the long run. 2.8 Why Standard Methods Do Not Work Two simple equations exist that will determine whether you will be successful at binary options trading or not. Again, the majority of traders fail to appreciate their importance and as such most of them are unsuccessful at acquiring any worthwhile profits on a consistent basis. These two formulae are:
  • 27. 23www.binarytopgun.com www.facebook.com/iqoptionrichglobal Win-to-loss >= 50% Reward-to-Risk Ratio > 1 If you can trade binary options in such a way by ensuring that these two conditions are always satisfied then you will unquestionably achieve success. No matter what you do and what strategies you employ, by adhering to these two simple equations will ensure that your account balance will grow constantly. However, the basic problem is that the odds are stacked against you from the start. This is because binary options brokers support payments of about 75% on average but losses of 100%. Yes, of course there are variations on these figures depending on which assets you trade, which expiry times selected and what refund ratios are offered. However, do matter which combination you choose, the important fact to realize is as follows: Your Reward-to-Risk (R/R) ratio will always be less than unity. In fact, using the numbers presented above it will be 0.75. The massive adverse implications of using such a poor R/R have been clearly identified in section 2.6. In particular, you must remember that binary option trading supports only two possible outcomes. Either you will win and collect 75% or fail by losing 100%. There are no intermediate results. 2.8.1 Impacts on Trading The normal reaction of nearly all traders, especially novices, is to completely dismiss the significance of such an appalling Reward-to-Risk ratio by leaping immediately into the fray. This reaction is probably due to a combination of human nature and intense marketing publicity. Basically, we have a tendency to focus on the 75% winning potential as opposed to the 100% losing result. We are all guilty of making such a drastic oversight.
  • 28. 24www.binarytopgun.com www.facebook.com/iqoptionrichglobal Let us now consider the impacts of such actions by studying a popular strategy that some binary option consultants advise novices to implement. This technique is based on the human sentiment gauge located on their trading platform. The strategy is then supported by the usage of a Martingale strategy. Essentially, novices are advised to open positions in the current direction favored by the majority of traders. For example, if the gauge is primarily green, then you should go long. Alternatively, if red dominates then you should execute a short position. The basic concept is that the majority of traders will be correct for the majority of time. By following this simple technique, you will then not have to implement any technical or fundamental analysis whatsoever as it would have already been done for you. Traders are also encouraged to utilize the 60 seconds expiry time. In addition, whenever you suffer a loss, you should then execute your next trade, based on the sentiment gauge, by applying a Martingale strategy. This means that you should double the size of your previous position following every loss. The logic behind this approach is that as the majority of traders cannot be consistently wrong, you will eventually record a win recouping all your previous losses. 2.8.2 The Insanity of Such an Approach First, you must keep in mind that when you are performing the above strategy you will be doing so with a Reward-to-Risk Ratio < 1. This means in order to record consistent profits, then your Win-to-Loss ratio must be greater than 50%. However, the sentiment approach is badly flawed for the following reasons: - As 95% of all traders fail at binary options trading, why would you exploit a strategy advising you to open positions based primarily on their recommendations?
  • 29. 25www.binarytopgun.com www.facebook.com/iqoptionrichglobal - Deeper investigations demonstrate that you could sometimes be activating trades against the current long-term trend if you structure them on sentiment. - If you also utilize the shorter time frames, then you will be basing your trading decisions on noise-generated price movements as opposed to those created by real fundamental and technical events. The fundamental conclusion you can make if you apply such an approach is that you will have no real idea what your win-to-loss ratio will be at any given time. You certainly cannot confirm that it exceeds 50%. In contrast, if you want to make consistent profits then you must know precisely what this figure is at all times. The Martingale concept adds further fuel to this chaos. This idea was conceived by gamblers playing casino games, such as roulette, in 18th century France. Basically, there can only be two results, i.e. the ball will land on red or black. Consequently, if after each loss you keep doubling your bet then eventually you must win enabling you to recoup your earlier losses. However, although binary options appear similar in nature to roulette in that you must select either an upwards or downwards direction, there is an important difference. This is that price action is time dependent. For example, during one minute, the value of price can fluctuate dramatically by recording varying values at different seconds, e.g. 11th, 19th and 34th seconds, etc. In addition, the sequence that you are advised to implement in the case of losses is often similar to the following: $12, $30, $70 and $150 This sequence infers that if you suffer a first loss of $12 then you should execute your next trade by risking $30 and so on. However, what is often not explained is what happens if you keep registering losses, as follows: $12, $30, $70, $150, $400, $900, $2,000
  • 30. 26www.binarytopgun.com www.facebook.com/iqoptionrichglobal In order words, you could easily lose over $3,000 if you suffered just 7 consecutive losses by adopting this Martingale approach. Can this easily happen? Yes, is the answer! For instance, envisage that your win-to-loss ratio is 50% and assume you opened 100 trades. Now, although fifty of them will be winners, you have no control over in which order they will happen. This means that you could easily encounter a sequence of 10 successive losses before a new winning streak occurs. In conclusion, this strategy is definitely worrisome. You can now begin to understand why nearly all novices lose their deposits by implementing it. 2.8.3 What should you do? The answer is quite simple. Before implementing any trading actions whatsoever, you must ensure that you optimize your Reward-to-Risk Ratio so that it preferably exceeds unity by as much as possible. However, if your binary options trading platform will always offer payouts in the region of 75% compared to losses of 100%, can such a result be readily achieved? Yes, it can! However, you will need to alter your entire perspective about binary options trading in order to achieve this objective. The following table presents an example of a strategy, capable of realizing this objective, using a live trading account displaying results for the first three full trading weeks of 2014. By studying the figures displayed, you can confirm the following: Win-to-Loss Ratio = 11/14 = 78% Average Win = $9; Average Loss = $6; Reward-to-Risk Ratio of 1.5 (> unity) Consequently, profits are consistently recorded enabling the account to grow exponentially.
  • 33. 29www.binarytopgun.com www.facebook.com/iqoptionrichglobal Chapter 3: Analyzing Strategies and Tools You may have already been swamped by advertisements introducing a myriad of binary options tools and strategies. How well did you do at analyzing and using them? Did you manage to select any winners? If not and, especially if you are new to this type of financial speculating, then you could well benefit by gaining insights into how professionals evaluate such products. This chapter is intended to pull back the curtains in order to reveal to you important and valuable expert insights that will help you choose those techniques that really can elevate your profit potential on a consistent basis. You will discover and learn that what you considered to be hard-rock fact may not be so when scrutinized by those investors who really do make serious financial returns from trading binary options. 3.1 Are all Price Feeds Identical? One of the favorite assertions that internet marketers make is that their automated products can trade any market condition irrespective if they are range- trading or trending. Undoubtedly you may have already been introduced to numerous amazing trading charts illustrating just how proficient their new marvelous strategies, tools or technical indicators can discover renowned price formations, such as the ‘head and shoulders’ without a failure in sight. Nevertheless, there is crucial observation that professionals know that you are not being advised. This is that all brokers support their own specific price feeds that are based on their choice of banks. This means that the technical indicators supported by their trading platforms generate their readings from these price feeds. Consequently, this next declaration is critical: the readings created by technical indicators are heavily influenced by the specific trading platform you are currently utilizing.
  • 34. 30www.binarytopgun.com www.facebook.com/iqoptionrichglobal Does it not strike you as odd that hardly any promoters of automated products inform you about this critical point? They ought to do because the implications can drastically impact your trading performance as the following figure reveals. In the diagram above, a technical indicator supported by the trading platform of one broker advises that you should execute a LONG position at point 1, supported by a stop-loss just below the blue line. In contrast, another broker could recommend doing the same but at a slightly later time as shown at point 2. Consequently, the second stop-loss is now located just beneath the green line. Look what the results are. In the initial example, the trade produces a win while the second is stopped-out. Although this example was obtained using a Forex trading platform, the same issue applies directly to binary options in that the initial trade could finish ‘in-the-money’ while the second expires ‘out-of-the-money’.
  • 35. 31www.binarytopgun.com www.facebook.com/iqoptionrichglobal This problem is the blight of numerous strategies and robots that are presently being promoted on the market nowadays. Why do their designers not inform you about this significant problem which can unquestionably impact the efficiency of their tools? The primary reason is that many of them are not aware of its presence and even if they were, they do not possess the knowledge to resolve it proficiently? How can you safeguard your trading capital from the effects of this issue? Well, essentially you must discover whose trading platform was utilized to build the applicable software tool. You must realize that there exists a strong possibility that you will not be able to reproduce historic results and worthwhile future profits if you trade using the trading platforms of other brokers. Additionally, when you are analyzing the performance reports of any tool or strategy, you must carefully record the exact trading platform deployed during the investigation. You can supply yourself with added protection by picking strategies and tools that function best by deploying the higher time-frames from the daily upwards. The reason for this is that their performances will more independent of which trading platform you are trading. In addition, the technical indicators included in their designs will not have such a distinctive bearing on profitability. 3.2. Introducing the MetaTrader 4 Platform This popular and revered tool can be used to create, modify and compile source code produced using the MetaQuotes Language 4. Many designers utilized this platform to develop automated products to trade the financial markets. For example, they devise Technical Indicators, Experts Advisors and Scripts for the specific intent of automating the process of trading currencies, stocks, commodities and indices.
  • 36. 32www.binarytopgun.com www.facebook.com/iqoptionrichglobal Main features of the MetaTrader 4 Platform are as follows: • Opens and saves text files • Editing and displaying edited and modified source code • Copying, cutting and pasting text • Printing files and text • Search and replace facilities • Supports a comprehensive MLQ4 dictionary • Offers a variety of font types and sizes; • Tailored syntax accent; • Customized toolbar; • Syntax compiling and checking • Identifies and displays compilation errors • Creating executable object files • Pre-views results
  • 37. 33www.binarytopgun.com www.facebook.com/iqoptionrichglobal 3.3 Secrets about Optimization? There is an additional problem that can significantly impact the performances of binary option products, which is that the developers of automated tools normally optimize the trading activities of their devices to specific marketing conditions. Their software can then generate outstanding operational results, which are subsequently presented to you within promotional material. However, trading conditions can drastically evolve very quickly. For instance, the conventional drivers creating the price patterns on the EUR/USD trading charts are the judgments made by the European and USA governments along with the related performances of their economies. However, a critical change occurred in July 2011 when US recessionary worries and European debt contagion started to trigger escalating levels of anxiety and uncertainness which subsequently became the new drivers. One of the key ramifications of this new development was that most trading tools and strategies, that had been optimized to perform best with the original drivers, started to crash under these new trading conditions. You can confirm this outcome by visiting websites, such as the Forex Peace Army. In so doing, you can readily validate that the performances of the majority of reviewed expert advisors severely deteriorated following July 2011.
  • 38. 34www.binarytopgun.com www.facebook.com/iqoptionrichglobal The table above shows a good example of this problem by presenting the trading results for a famous robot. You will observe that as the month of August advanced, the quantity of losses increased significantly. This was because increasingly market anxiety and uncertainly started to have an escalating impact on creation of the price structures for the EUR/USD currency pair. As this tool was optimize to trade under more standard market conditions, its performance deteriorated when confounded by the new price formations primarily created by market dread and anxiety.
  • 39. 35www.binarytopgun.com www.facebook.com/iqoptionrichglobal 3.4 Square Pegs and Round Holes You must realize that there exists no amazing formula that will guarantee you will achieve immediate success at binary options trading. However, you can unquestionably acquire such an impression if you were to trust the many adverts promoting products for this market. So that you can safeguard yourself from the many scams that are prevalent these days, you need to learn how to evaluate this promotional literature proficiently by applying an expert analysis. For example, many entrepreneurs boast about just how well their automated products perform because their key design principles are structured on a renowned formula or theory. However, before you are entirely taken in by this rubbish, there is something that you should appreciate about binary options trading which is well- known and valued by all professional traders. That is this kind of investment mechanism is performed in real-time and at high speed. Price can generate the most intricate waveforms during these periods, which are hard to predict and consequently challenging to trade effectively. This feature implies that unless a strategy can proficiently cope with the above complexities, then it will only create average results at best when it is applied to binary options trading. Failed cases are the martingale technique, which is rooted in casino gambling, and the bell-shaped curve, which was built to evaluate distributions. Let us now review the former as a method to demonstrate why attempting to adapt such methods to binary options trading is the same as trying to insert a square peg into a round hole. The Martingale method recommends that the size of future bets should be constantly doubled following each loss. This trading approach was initially developed in 18th century France and was based on the theorem that you cannot lose all the time. When this gambling technique was initially deployed in casinos, its advocators would continuously double their table bets every time they lost based on the supposition that they would eventually win.
  • 40. 36www.binarytopgun.com www.facebook.com/iqoptionrichglobal Recently, quite a few developers have included the principles of the Martingale into their automated expert advisors. Consequently, after their products have selected a preferred a trading direction, either long or short, then they will constantly trade in that path only. Whenever a loss is experienced, the Martingale strategy demands that the following lot size of the next trade must be doubled on the basis that a win will ultimately happen. However, this is definitely monetary suicide when trading the financial markets because the price of an asset can simply keep progressing in the losing direction, without any reversals, until the trader’s balance is totally exhausted, as demonstrated in the next diagram. The above figure displays a series of trades taken from a larger collection of results. They were generated by a binary option trading strategy applying a seven- tier Martingale concept. This feature implied that the bet size of each loss would be continuously doubled until a seventh consecutive loss was recorded. At that stage, a loss would be registered.
  • 41. 37www.binarytopgun.com www.facebook.com/iqoptionrichglobal You can observe such an outcome in the above diagram which shows that all seven positions eventually failed causing the trader to suffer a very large loss. In normal gambling such an event rarely happens because the odds of a win are roughly 50%. However, this statistic does not apply to binary options trading because of the complex price formations that can be produced in real-time. The trading results of software tools utilizing the Martingale concepts have been mainly very disappointing. The reason for this is as follows. A Martingale system can be very effective when deployed to play a game such as roulette. This is because the chance of correctly picking red or black is practically 50:50 ignoring the house slots. However, the financial market is a completely different entity despite the fact that superficially price can only move upwards or downwards. As the number of paths that price can move to over a specific period of time is practically infinite, this means that it is statistically quite capable of producing trading patterns that can regularly activate 7-tier losses, which is a premier feature of the above Martingale strategy. In addition, any martingale strategy based on such a risk profile requires its user to deposit a substantially large financial reserve in order to support it. What is be even worse is that the trader can only invest a small proportion of this balance to fund an initial trade because a significant amount would have to be held in reserve in order to service all 7 tiers. This reserve problem also means that the initial trade can only support a very small lot size. Consequently, all users of such a Martingale strategy would be in a very undesirable position because they could only open relatively small trades despite possessing sizeable trading capital. Consequently, although an expert advisor based on this concept could secure many wins, their size would pale into insignificance compared to the extremely large ones of losses. This is the fundamental reason why the reward-to-risk ratio of such tools is so appalling bad.
  • 42. 38www.binarytopgun.com www.facebook.com/iqoptionrichglobal In summary, you are well-advised that when you are evaluating any products or strategies to assess if their central concepts are full compliant to the trading environment of binary options. This is exactly what professional traders do. If you should detect any discrepancies then you should reject deficient products as you will only experience mediocre results, at best, over the long haul. 3.5 Real Time Issues These effects are the curse of most trading tools and strategies. Although professional traders are fully aware of this, novices tend not to be and as a result are unable to instigate effective analysis of binary options products. In fact, such devices have been found to be totally inadequate at coping with the extreme events generated during real-time trading. For instance, large price spikes and internet disconnections can seriously influence the quality of trading results attained. As such, experts have striven to master the necessary skills that will allow them to perform detailed research on any products of interest in order to verify that they really do contain solutions to real- time problems. For example, the design of robots should incorporate techniques that will ensure central strategies are effective at countering the adverse effects of price spikes. In addition, these tools should ideally back-up key trading parameters to hard-disk at regular time intervals. Should a disconnection of any sort occur, they can then extract and retrieve the data in order to minimize the impacts of such disruptive events. If you study and master the importance of the points listed above, then you will be able to start evaluating any binary options product of interest in the same way as a professional. By doing so, you will then be able to differentiate the better tools from the herd as well as providing optimized protection against scams.
  • 43. 39www.binarytopgun.com www.facebook.com/iqoptionrichglobal 3.6 Trading Binary Options using BULL Strategies This strategy can be implemented whenever gold starts to advance upwards in a bullish channel. Binary options and currencies pairs based on gold supply you with outstanding opportunities to profit from bull strategies. Fir st, you must detect those times when gold is proceeding in a bullish channel. Imagine that after searching all the assets suppor ted by your broker, you detect that the XAU/U SD (gold/US D ollar currency pair) is producing the formation that you need by advancing upwards, as shown on the following chart. This technique can be executed whenever an asset begins to traverse higher within a bullish channel. Binary options, structured particularly on currencies pairs, provide excellent opportunities to gain from bull strategies. You initially need to identify those periods when an asset is advancing in a bullish channel. Envisage that after a thorough research, you identify that the XAU/USD (gold/US Dollar currency pair) is generating the price structure required by moving upwards, as displayed in the next diagram. Now, you must study this trend in greater detail. Basically, you need to detect major technical features, such as trendlines. For instance, the next chart illustrates the movement of the gold with the lower and upper trendlines overlaid upon it. Next, you must analyze this formation in more depth. Essentially, you need to verify the presence of key technical features, e.g. trendlines. For example, the following figure displays the directional movement of an asset bounded by its lower and upper trendlines.
  • 44. 40www.binarytopgun.com www.facebook.com/iqoptionrichglobal Basically, you can easily produce the upper trendline. Just join the sequence of higher highs; see above diagram. Next, connect the series of higher lows to create the lower trendline. Your bull strategy is now ready for use. Keep tracking the chart until gold strike s the lower trendline since this will be an excellent point to execute a CALL option. However, verify the lower trendline remains intact by confirming that price does not brea kbeneath it before implementing any further action. If confirmed, then activate a CALL binary option. Utilize a well-tested management policy to assist you in assessing the most applicable amount to wager on this trade. You w ill then need to choose an appropriate expiry time. Expert consensus advises selecting one in excess of 30 minutes so that any fundamental considerations have enough time to propel pr ice forward in your preferred direction. Consider that the in-the-money payout is 70%; the out-of-money refund is 10% and the wagered amount is $200. The reward-to-riskratio is then $140:$180. This implies that this initial trade can generate a win of $140 compared to a loss of $180. Sometime later, gold did indeed climb and the initial position is in-the-money. You next detect gold striking the lower trendline once more, as shown on the next diagram. Essentially, you can simply create the upper trendline by just joining the series of higher highs, as shown on the above chart. Next, link the sequence of higher lows to generate the lower trendline. Your bull strategy is now set to be implemented. Keep monitoring the trading chart until price hits the lower trendline, which will be an outstanding place to initiate a CALL option. However, verify first that price does not break below the lower trendline before executing any subsequent actions. If the lower trendline does remain intact, then implement a ‘CALL’ binary option. Deploy a proven management strategy to help you determine a sensible amount to invest on this new position. You will then need to choose an appropriate expiry time. Expert consensus advises selecting ones in excess of 30 minutes so that any fundamental considerations have enough time to propel price forward in your preferred direction. Consider that the ‘in-the-money’ payout is 70%; the ‘out-of-money’ refund is 10% and the wagered amount is $200. The reward-to-risk ratio is then $140:$180. This implies that this initial trade can generate a win of $140 compared to a loss of $180.
  • 45. 41www.binarytopgun.com www.facebook.com/iqoptionrichglobal A little time later, price did indeed climb and the initial position is ‘in-the- money’. You next detect price striking the lower trendline once more, as shown on the next diagram. You then select to implement CALL 2 binary option as positioned on the diagram above by deploying the identical features as the original trade. However, you once more wait for a couple of minutes to verify the lower trendline remains secure. As gold would have advanced upwards by some considerable amount before CALL 2 was executed, this implies that CALL 1 is well in- the-money. Should the lower trendline remain steadfast at CALL2 then only a minor riskwas present that price would plummet downwards and drop beneath the strike pr ice of CALL 1. Consequently, the new reward-to-riskratio is $280:$40. This is an excellent status to achieve as it fulf ills expert recommendations that always counsel reducing your riskexposure at every possible opportunity. Concentrate on your loss potential first and allow your profits to lookafter themselves. After a short interval, the gold price has again appreciated and both options are recording winning positions. Again you observe price striking the lower trendline. You now execute a third CALL binary option possessing matching parameters to those of the original two. Again, you first verify that the lower trendline remains intact. The reward-to-riskratio now signals a maximum profit of $420 if in-the-money at expiration and a profit of $100 if out-of-the-money. After the expiry time finally elapses, three winning trades were registered producing a payout of $1020, including the deposits. You then opt to activate the ‘CALL 2’ binary option, as located on the chart above by utilizing a similar procedure as before. Again, you must wait for a short period of time in order to verify that the lower trendline remains secure. As price would have advanced upwards by some considerable distance before ‘CALL 2’ was executed, this implies that ‘CALL 1’ is well in-the-money. Should the lower trendline remain steadfast at ‘CALL2’ then only a minor risk is now present that price would plummet downwards and drop beneath the strike price of ‘CALL 1’.
  • 46. 42www.binarytopgun.com www.facebook.com/iqoptionrichglobal Consequently, the new reward-to-risk ratio is $280:$40. This is an excellent stance to achieve as it conforms to expert recommendations that always counsel reducing your risk exposure at every possible opportunity. In other words: ‘Concentrate on your loss potential first and allow your profits to look after themselves’. After a short interval, the price has again appreciated in value and both options are recording winning positions. Again you observe price striking the lower trendline. You then instigate a third ‘CALL’ binary option possessing matching parameters to those of the original two. Again, you first verify that the lower trendline remains intact. The reward-to-risk ratio now signals a maximum profit of $420 if ‘in-the- money’ at expiration and a profit of $100 if ‘out-of-the-money’. After the expiry time finally elapses, three winning trades were registered producing a payout of $1,020, including the initial deposits. 3.7 Trading Binary Options using BEAR Strategies This approach can be executed every time an asset begins to progress lower within a bearish channel. Binary options provide exceptional prospects to benefit from bearish strategies. Initially, you need to identify those instances when price is proceeding forward in a bearish channel. Envisage that after researching all the assets serviced by your broker, you discover that the XAU/USD (gold/US Dollar currency pair) is generating the pattern that you require by slumping lower, as demonstrated on the next chart.
  • 47. 43www.binarytopgun.com www.facebook.com/iqoptionrichglobal At this point, you must analyze this trend in greater depth. Fundamentally, you should identify key technical features, such as trendlines. For example, the following chart displays the directional movement of price bounded by its upper and lower trendlines. Fundamentally, you can easily create the upper trendline by simply joining the series of lower highs, as shown in above diagram. Next, link the sequence of lower lows to generate the lower trendline. Your bear strategy is now set for use. Continue monitoring the chart until price hits the upper trendline since this will be an outstanding point to implement a ‘PUT’ option. Nevertheless, confirm that the upper trendline stays intact by verifying that price does not break above it before implementing any additional steps. If validated, then trigger a ‘PUT’ binary option. Deploy a well-tested management plan to help you determine the most suitable figure to gamble on this position. You will then need to choose the ideal expiry time.
  • 48. 44www.binarytopgun.com www.facebook.com/iqoptionrichglobal Professional opinion recommends selecting one in excess of a half-hour so that any fundamental factors will have sufficient time to launch price forward in your desired direction. Consider that the ‘in-the-money’ payment is 70%; the ‘out- of-money’ refund is 10% and the invested sum is $200. The Reward-to-Risk ratio is subsequently $140: $180 meaning that this trade can produce a win of $140 in comparison to a loss of $180. Sometime afterwards, price does, in fact, decline and the first position expires is ‘in-the-money’. You next identify price striking the upper trendline yet again, as revealed by the following figure. You then opt to activate ‘PUT 2’ binary option, as located on the figure above by implementing the same functions as the initial trade. Nonetheless, you once again wait for a few minutes to verify that the upper trendline stays unbroken. As price would have already dropped downwards by some significant amount before ‘PUT 2’ was executed, this feature means that PUT 1 is ‘well in-the-money’. If the upper trendline now remains intact at PUT 2, then the chances are minimum that price will spike upwards and break above the opening price of ‘PUT 1’. Therefore, the new reward-to-risk ratio is $280: $40.
  • 49. 45www.binarytopgun.com www.facebook.com/iqoptionrichglobal This is a great position to attain as it complies with expert advice that always recommends lowering your risk exposure at every feasible opportunity. Focus on restricting your losses first by permitting your profits to take care of themselves. After a limited period, price has fallen even further and both binary options are now recording ‘in-the-money’ statuses. Once again, you notice price hitting the upper trendline. You now activate a third ‘PUT’ binary option featuring identical attributes to those of the initial two. Again, you first verify that the upper trendline stays intact. The reward-to-risk ratio now supports an optimum profit of $420 if ‘in-the- money’ at expiry and loss of $100 if ‘out-of-the-money’. At expiration, three wins were registered creating a payout of $1020, including the deposits. 3.8 Expert Advisors & Signal Services This section further introduces the stimulating world of software trading services and products. The main goals are to present you with the following key resources: - Identify the key benefits and problems of these services and tools - Help you understand comparison tables proficiently comprising the key performance variables of each reviewed service and product so that you can quickly undertake important evaluations - Provide concise explanations of important terms, i.e. expectancy value - Recommend a plan of action that you should activate after researching all the products and services of interest. 3.8.1 What are Forex Robots and Signals? A robot is a dedicated software program that can automatically trade the financial markets on your behalf without any involvement by you. The most well- known robots have been coded especially so that they can be operated using the revered Metatrader 4 trading platform.
  • 50. 46www.binarytopgun.com www.facebook.com/iqoptionrichglobal These resources can then be operated as expert advisers which can conduct a range of actions automatically, such as pinpointing new trading prospects, exiting and executing positions and sheltering your trading funds from abnormal levels of risk, etc. In truth, any manual trading procedure that you conduct can be included into a robot. A signal is a professionally produced tip advising when to initialize a new position based on a selected asset. Every alert is supplied with all the information needed to execute it easily and accurately, including a precise entry price and time. Signals are created by either a specialized automated product or by skilled experts. The most popular approaches utilized to transfer this data from provider to customer are internet, SMS, internet, social media and email. 3.8.2 Advantages and Pitfalls Almost all promotional material lists the achievements of their specific automated product or service by stressing operational parameters, such as significant profits, fool-proof coding and the capability to acquire profits in the financial markets without the necessity of any human involvement. Sadly, most of these assertions are just pure nonsense at best and downright scams at worst. Nevertheless, these tools are very adept at decreasing the stress behind trading by eliminating human sentiment from all their functional pursuits. In additional, services and expert advisors can function 24 hours a day without suffering excessive stress or exhaustion in contrast to traders. Every product is based on confirmed and well-tested trading strategies coupled with money management principles with the expressed intention of helping its purchasers achieve optimum profits at minimal risks. Despite all these constructive aspects, how do you establish if an item is any good and what characteristics do you especially seek? Basically, you need evidence that the device does indeed generate profits persistently. The normal method implemented by most sellers to achieve this goal is to utilize back-testing results.
  • 51. 47www.binarytopgun.com www.facebook.com/iqoptionrichglobal However, this method is susceptible to distortion because historical information can easily be altered. Consequently, you should always be suspicious if you learn that you have to constantly modify the configuration parameters of your new software tool in order to achieve optimum results. If you are required to accomplish this task, then you will simply be attempting to fine-tune the device or service constantly in order to comply with ever-changing trading conditions. You need to realize rapidly that the automated market is scammer’s heaven. You may have already been inundated by the intensive marketing promotions of more than one of these products and/or services. However, you must appreciate that the majority of software tools only attain profits for very limited time-periods. A newly released study produced the next operational results: - Software devices recording profits for periods up to 3 months - 70% - Products producing revenue for their designers only - 5% - Tools creating modest profits which are swamped by broker slippage - 10% - Devices not creating any profits at all - 5% - Services and robots optimized to particular brokers’ platforms - 10%. 3.9 Using a Demo Account Properly Professional investors always emphatically recommend that you should trade binary options for some considerable time before endangering your own funds by going live. You can accomplish this goal by launching a demo account with a suitable broker who will then permit you to use its trading platform containing substantial free demo amenities and resources. If you embark on such an activity, then you will also present yourself with the ability to assess and evaluate the trading platforms of all brokers that interest you at no cost whatsoever.
  • 52. 48www.binarytopgun.com www.facebook.com/iqoptionrichglobal You will discover that brokers will be more than pleased to let you try this approach because they then get the chance to introduce and promote their products and services to you with the overall purpose of convincing you to register a live account with them. Nevertheless, although this idea sounds fantastic and is undoubtedly a great action to adopt, you must realize that there are significant variances between trading a demo account in comparison to a live one. For instance, you will not feel the same psychological and emotional stress when demo trading because, as your own personal funds will not be in jeopardy, you can embrace a more cavalier approach to your trading. On the other hand, you will discover that live trading can create severe nerve-racking predicaments especially if you begin enduring sequences of consecutive losses. When demo trading, you do not have to handle so many demoralizing situations that can significantly decrease your confidence. For example, you will not need to battle the escalating fear that evolves when price abruptly begins shifting against your active trades. You also do not need to fret, when demo trading, about losing your total balance because you can constantly replenish it with a brand-new one. For that reason, a gang-ho approach to demo trading can make you acquire potentially inadequate trading practices such as attempting to maintain your trades open for extensive periods of time. You will find that transporting such processes to live trading conditions is certainly not a good strategy as you could expose your equity to unfavorable degrees of risk. Never forget, when you embark on the key task of choosing a binary options broker, to make sure that you discover one that will supply you constantly with the most affordable spreads. This is because these fees can drastically build up over time and can detrimentally affect your profits.
  • 53. 49www.binarytopgun.com www.facebook.com/iqoptionrichglobal Professional experts will also recommend that you discover ways to manage your emotions prior to going live. However, you may find that this is challenging skill to perfect in demo mode. Your primary goal when you begin live-trading is to supply the best protection for your own restricted finances. However, this task can create unpleasant feelings that can have negative effects on the caliber of your trading judgments. For example, if you encounter a series of consecutive losses and observe your own collateral decrease before your eyes, then such situations can have damaging influences on your morale and confidence. You can try to educate yourself to withstand such complications by making sure your demo trading stimulates live trading conditions as precisely as possible. For instance, using a demo balance of $50, 000 could severely distort your trading effectiveness if this sum does not comply with the total amount that you plan to utilize when going live. As an alternative, you should pick a total that is more representative of the size of deposit you intend to utilize when live-trading. In so doing, you will construct live trading circumstances as closely as possible. 3.10 Optimizing the Usage of Trading Charts Let us now consider how charts fit into the realm of technical analysis and the numerous methods that you can utilize them in order to improve your trading performance. For example, they are key tools that investors apply in order to detect new quality entry opportunities. However, although you should learn about the numerous versions of charts that exist, you are advised to focus on just a few that are effective for you and that satisfies your risk profile. As such, you should only routinely make use of two or three types.
  • 54. 50www.binarytopgun.com www.facebook.com/iqoptionrichglobal You can easily get captivated seeking the perfect way to trade and never become effective in just one straightforward approach. There is no ideal tool or indicator for trading as so many individuals have already discovered after seeking such solutions for countless years! When you trade, your primary objective is to place the percentages in your favor and then revel in the results as opposed to fretting over those trades that did not work out as you originally thought. Basic charts display price over a selected time-period by including pertinent information which can be readily analyzed. Some technical reviews only consider the key price cycles with the intent of detecting its preferred directional movements. Studying this data can provide vital insights about whether to activate new positions or not. There are numerous methods that can be deployed to add lines to the charts which can help identify price targets. For example, trendlines are popular tools that can assist you in predicting the movement of an asset when it is advancing within a well-defined bearish or bullish channel. In addition, you can install powerful trading indicators, such as the moving average, which can also help to forecast the future path of an asset. All these resources should be added in the main area of the chart so that they relate directly to the price line. Charts also comprise other sections where additional information can be included to provide different viewpoints of price action. For example, you may decide to install more sophisticated technical indicators in these regions, such as the Relative Strength Index and the Stochastic Oscillator. By using such an approach, you can ensure that the main region does not become over-cluttered and difficult to analyze. As chapter 6 will demonstrate, you have an extensive choice of technical indicators. The primary objective of these tools is to advise when the price of an asset becomes overbought or oversold. This is a very useful condition to detect because it can help identify those times when a retraction will most likely occur. You can consequently, open a new binary option in the opposite direction at these locations.
  • 55. 51www.binarytopgun.com www.facebook.com/iqoptionrichglobal For example, when an oversold status is registered, such situations normally suggest that traders have become overindulgent at selling an asset implying that a bullish correction could now be imminent. As such, whenever you detect this condition, you should start evaluating the viability of opening a ‘CALL’ binary option using the asset under study as its underlying security. Technical oscillators fluctuate between low and high readings providing an indication about whether an asset is oversold or overbought. Different tools may not provide concurring results as their values depend on how they are calculated. However, they will normally agree on the current sentiment of the prevailing market environment. Whenever you detect that an oscillator is issuing either a selling or buying signal, then you should analyze the relevant price movement for confirmation. Essentially, there are three fundamental techniques that traders deploy when using trading charts – - Search for structures and formations that help forecast future price direction - Add important lines on charts to assist in analyzing price action more accurately. - Install technical indicators to detect key conditions, such as oversold and overbought. 3.10.1 Using Charts to Trade Some brokers will permit you to trade directly from trading charts. Their trading platforms often identify potential entry location for new trades. Using such facilities normally makes it easier to analyze price movements and risk management.
  • 56. 52www.binarytopgun.com www.facebook.com/iqoptionrichglobal 3.10.1 Conclusions The following list contains important factors which you will find useful whenever you utilize trading charts. - Line charts display closing prices only - Candlestick and Bar charts are structured on four key prices – open, low, high and closing – for each time- frame - Candlestick charts are simpler to study - The majority of charts enable you to study trading volumes - You can deploy either logarithmic or arithmetic chart scales – the former is often utilized when deploying the longer time-frames. - Although technical analysis can be applied with any time-frame, it is far more effective with the longer ones.
  • 57. Chapter 4 A Cornerstone for Success
  • 58. 54www.binarytopgun.com www.facebook.com/iqoptionrichglobal Chapter 4: A Cornerstone for Success This chapter will introduce a progressive trading approach which can substantially simplify your trading decision-making. This is because the procedures explained are able to drastically enhance your chances of trading success irrespective of any inadequacies you may have in skills, knowledge or experience. The initial step in this process is to help you to concentrate on the primary aspects of such an approach which is a robust mental attitude and yourself. When traders study or find out about a new trading secret, they usually imagine that it is a new indicator, new psychological trick or an innovative strategy that will lead them to the Holy Grail of trading. Apart from the well-established fact that such an item is completely evasive, there is a superior and more productive way to trading more effective than by just deploying the next best methodology, indicator or emotional trick. The REAL secret to trading success is something which many experts have used to ensure success, not just with binary options, but also trading stocks, indices commodities and futures. Regardless of whether you are trading a strategy based on fundamental analysis, technical indicators or utilizing a robot; there is one factor that is consistent to all these approaches, which is YOU! One of the errors that novices make is that they believe they can acquire a strategy or implement an automatic expert advisor and then merely sit back and watch the bucks roll in without any additional involvement by themselves. What such beginners fail to take into consideration is the emotional and psychological facets of trading. While mastering a methodology or the best deployment of an automatic robot, many become embroiled in what is referred to as the ‘right side’ syndrome. This metal attitude entails traders always focusing on and studying the right-hand side of a trading chart in order to identify new quality entry and exit prospects.
  • 59. 55www.binarytopgun.com www.facebook.com/iqoptionrichglobal However, as real-life trading does not work in this fashion, this analytical provides a fake sense of success. Undoubtedly, you must acquire an excellent understanding of a strategy and how its critical factors operate. However, you will need to acquire the ability to not only see trades but to also imagine how they will function when activated in order for you to secure long-term trading profits under any trading conditions,. For that reason, professionals have developed, in recent times, an impressive and highly effective trading methodology that when applied to any automated or manual strategy can transform it into a profitable tool. Again, novices generally make the blunder of wasting a significant amount of time investigating into what are the best indicators, strategies and expert advisors that are capable of producing the perfect trading results. In addition, many newbies fall into the pitfall of thinking that if one trader has attained success with a particular automated device or strategy, then they can as well. A specific pitfall that is widespread with most present-day manual and automated techniques is that they are not provided with instructions demonstrating how to acquire the best possible results from their usage. These resources are, of course, normally supplied with explicit details describing how to install them and then how to modify their key variables. However, new users are often not informed about how to achieve the best performances from trading their new device or how to incorporate them effectively into manual strategies. The methodology, that has been created as a way to conquer these issues is very straightforward but effective. This tool enables traders to be successful with any trading strategy, whether manual or automatic. Furthermore, this formula can be proficiently applied to all other financial markets, such as futures, stocks, commodities and currencies.
  • 60. 56www.binarytopgun.com www.facebook.com/iqoptionrichglobal 4.1 Memorizing Your Trading Guidelines Most traders are usually familiar with the first part of the formula, which is to gain a clear appreciation about how a strategy or robot functions as well as learning how to tune them effectively by adjusting their key parameters. However, once they successfully complete this step, many of them will then start trading these tools straightaway. Unfortunately, this is a serious mistake. Instead, the major objective of this initial step is to encourage you to learn your trading strategy so well that you will be able to recite its main trading guidelines by memory. For instance, these rules should include well-defined entry and exit for every position that you intend to open. A good analogy would be the favourite saying of most real estate agents which is ‘location, location, location’. In comparison, in order for you to achieve trading success, your equivalent expression should be ‘memorize, memorize, memorize’! Consequently, this is why your rules should be spelled out explicitly in words. Many successful traders emphatically record ALL aspects of their trading guidelines and business practices in writing. This is a very important step, which has been eloquently summarized by Lee Iacocca, a former President and CEO for Chrysler Corporation, who stated "The discipline of writing something down is the first step toward making it happen." Many experts have concluded that numerous novices fail at binary options because they omit this vital action. In the world of trading, there are no real shortcuts to success and believing that you can simply learn a strategy and then trade it straightaway is adopting an erroneous approach. This is why many beginners record indifferent results.
  • 61. 57www.binarytopgun.com www.facebook.com/iqoptionrichglobal 4.2 What Makes a Successful Trader? Expert opinion advises that a list of critical attributes that many prosperous traders possess is as follows: 1. Competence 2. Self-control 3. Commitment 4. Patience 5. Perseverance Let us now analyze these characteristics in turn so that we can determine why they are so crucial to trading. Competence As you can imagine, you will not attain success at any human endeavour if you do not learn the levels of expertise required. The initial step of this methodology especially concentrates on this essential facet of trading. For that reason, if you carefully analyze and then memorize the details of a strategy then you will readily accomplish this objective. In addition, if you subsequently blend your new knowledge with the other steps of this methodology then you will begin to advance along the path to success. Self-Control Understanding how to manage your emotions is a major feat to accomplish if you want to trade binary options viably. For instance, you cannot surrender to greed which is a common pitfall to fall into. For example, the substantial daily turnover of the financial market causes many investors to adopt a gung-ho attitude causing them to gamble instead of applying professional trading procedures.