Here is the secret to successful binary option trading, and it is really just sitting there in plain sight.
While binary options are most commonly known for the 30, 60 or 120 second options.
The real money is in the “Boundary Option”.
The boundary option trade looks like this:
One of the biggest fallacies in binary options trading is that shorter trade durations somehow equal more control, in other words more of an ability to capitalise on short-term price swings. It’s a fallacy reinforced by both the brokers; who essentially profit from their clients’ losses, and the traders themselves; who quickly become intoxicated by the rapid-fire thrills associated with ridiculously short trade durations. The most sound piece of advice that I can give you regarding trade durations is this: The shorter the trade duration the more random price action it has to deal with. Binary options brokers love to boast about their all new lightning-fast trade durations and the reason they want you trading at these durations is that the shorter the duration, the more you end up trading and the higher the possibility that you will lose (both due to you trading too much and because shorter trade durations equal more randomness: the one compounds the other). If you are monitoring your asset chart at anything below the hour (i.e. each candlestick represents 30 minutes/15 minutes/5 minutes/1 minute of trading activity) you might as well be trying to predict the outcome of a random number generator. At these durations the market noise is so incredibly high, that trying to read patterns into price action is basically an exercise in futility. So keep your trade durations longer, monitor your charts at longer time frames and go with the wider fundamental trends rather than the miniature ones you witness at shorter trade durations.
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