3 Binary Options Trading Strategies For Beginners
3 Binary Options Trading Strategies For Beginners. If you’ve studied and understood my previous posts about the fundamentals of binary option FX trading and binary options indicators, you are now ready to trade for real. Here are 3 different strategies that I use, choose one based on your risk appetite. Good luck! Conservative Long-term Strategy. This strategy is for those who are new to this game and want to build up their capital slow and steady.
The point of this strategy is to minimize risk and wait for the perfect setup on the chart. In this case the perfect setup is using the ZigZag’s last 2 points, and draw a Fibonacci between them in the direction of the trend. Draw your fibo from point 1 to point 2 for a down trend, and vice versa for an uptrend. Your target is 161.8 projection level. In order for the signal to be fully valid, there has to be a retracement to between 50 – 88.6.
Higher the retracement goes, stronger the signal. In the example above, the retracement happens next to the number 2 in the up left corner. They key here is to be patient until all 3 factors line up. The entry rule is: – Price hits Fibonacci projection level 161.8. – Price is inside or outside of the bounds of the red channel. – Value Chart hits level 8 or above. Your Expiry can be between 5 and 20 minutes.
And your target is 1-2 trades per day. And money management suggestion for this strategy is to take 2 equal bids per day for 20 days. Increase your position by 50% next day. If you lose, start with the last set of bids: Day 3: 21 + 21… and so on. You should reach around 5k in profits within 20 days, and expert advisors forex robot forex robot next month just start over or carry on from where you left. Top Brokers for Beginners. Semi-Conservative Strategy. The semi conservative strategy involves 4-6 trades per day.
The rules are the same as for the conservative strategy, only with one exception: We take the trade at Fibonacci projection level 127 as well as 161.8. Now, for level 127 trades, I would advise not to take the trade with more than 6 minutes to the expiry. This is because usually level 127 represents a consolidation level to draw buyers/sellers into the trend to get more liquidity and the price usually carries on in the direction of the trend within the next 3 candles.
The rules for entry are the same as with the conservative strategy: – Value Chart hits level 8. – Price is inside the red zone. – Price hits the Fibonacci 127 projection level. Use the same money management as with conservative strategy, but your earnings will increase faster. And remember, You have to stick with the entry rules. Now, the below strategy is a very aggressive one that defines the means of sane trading.
The point of this strategy is to minimize risk and wait for the perfect setup on the chart. In this case the perfect setup is using the ZigZag’s last 2 points, and draw a Fibonacci between them in the direction of the trend. Draw your fibo from point 1 to point 2 for a down trend, and vice versa for an uptrend. Your target is 161.8 projection level. In order for the signal to be fully valid, there has to be a retracement to between 50 – 88.6.
Higher the retracement goes, stronger the signal. In the example above, the retracement happens next to the number 2 in the up left corner. They key here is to be patient until all 3 factors line up. The entry rule is: – Price hits Fibonacci projection level 161.8. – Price is inside or outside of the bounds of the red channel. – Value Chart hits level 8 or above. Your Expiry can be between 5 and 20 minutes.
And your target is 1-2 trades per day. And money management suggestion for this strategy is to take 2 equal bids per day for 20 days. Increase your position by 50% next day. If you lose, start with the last set of bids: Day 3: 21 + 21… and so on. You should reach around 5k in profits within 20 days, and expert advisors forex robot forex robot next month just start over or carry on from where you left. Top Brokers for Beginners. Semi-Conservative Strategy. The semi conservative strategy involves 4-6 trades per day.
The rules are the same as for the conservative strategy, only with one exception: We take the trade at Fibonacci projection level 127 as well as 161.8. Now, for level 127 trades, I would advise not to take the trade with more than 6 minutes to the expiry. This is because usually level 127 represents a consolidation level to draw buyers/sellers into the trend to get more liquidity and the price usually carries on in the direction of the trend within the next 3 candles.
The rules for entry are the same as with the conservative strategy: – Value Chart hits level 8. – Price is inside the red zone. – Price hits the Fibonacci 127 projection level. Use the same money management as with conservative strategy, but your earnings will increase faster. And remember, You have to stick with the entry rules. Now, the below strategy is a very aggressive one that defines the means of sane trading.
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