Are there any Binary Options Strategies that really work?
There are several Binary Options Strategies for trading in this market. Some are more technical and require some time to learn how to read and understand charts and understand some technical indicators, others are purely fundamental (linked to the news coming out about the markets) and do not imply understanding technical analysis.
I think most of the readers of this article are beginners in binary options. For this reason I will only discuss some Binary Options Strategies, and will explain them as simply as possible. I see that some sites cover dozens of Binary Options Strategies, using 3, 4 and 5 indicators for each. I, who have been trading for several years now, have trouble understanding; I imagine someone who is a beginner in binary options…
So, the idea is to approach the main Binary Options Strategies simply and with few indicators, to be relatively easy for a beginner to understand and start experimenting. If after understanding how to trade, you want to move towards more technical and complicated trades, it is up to you. I am of the opinion that sometimes the simplest is what brings us the best results, as long as we do it well.
First Rule of Binary Options Strategies – None of the strategies that exist are infallible. None are bad, well, some are. Each trader must try some, experiment and understand which fits best for you. Usually people like to experiment with demo accounts and then use real accounts. Many sites advise always experimenting in Demo accounts, and using a real account only after seeing the results.
I always experiment on real accounts, using the minimum possible value. I use this method because when we experiment in Demo accounts we have no fear of losing, because there is no real money involved, therefore we make decisions differently than if we were using real money.
Because of this, many traders have good results in Demo accounts and then in real accounts don’t have the same results. However, both situations (experimenting in a real account or a Demo account) have their advantages and disadvantages. It should be you who chooses which is the best method for you to learn.
When you choose a strategy you should explore it fully to become an expert and be able to make money.
It is important to realize that there are days that a particular strategy does not work because the market is not being coherent. On these days you might as well not trade. Normally, after 3 failed trades the ideal is to stop and come back the next day. If the situation repeats itself, try another asset or use another type of time interval (5, 10, 15 or 30 minutes).
Below is a list of the Binary Options Strategies that I have already covered and that can be consulted:
– News Trading – A simple strategy that does not require technical analysis.
– Support and Resistance Strategy – A strategy based on the daily supports and resistances.
– Trend Following Strategy – A strategy based on reading charts and technical indicators. It is one of the most known and used.
– 60 Seconds Strategy – Very fast trades. One of the strategies whose fans are increasing in the world of binary options.
– Breakout Strategy – Betting on breakouts when prices are overbought/oversold. Trading for longer periods or short periods, when the market has no trend.
If you have questions or suggestions about Binary Options Strategies feel free to comment or contact me.