How to make a million on binary options, Recommended Brokers
Trading is a game of patience and discipline.
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- No Comments All the binary options traders who are currently investing in the financial market or are aspiring to trade in binary options are mainly motivated by the earning potential presented by this trade.
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So you need to just 4 trades daily and grow your account with discipline and patience over a period of 12 months. They end up with losing most of their hard earned money. When you start small you are not risking more than you can lose plus you can fine tune your skills that will eventually help you grow your account exponentially with low risk.
Binary Options Millionaire
Trading skill is much more important than the starting capital. If you have the right skill, you can grow a small account into a big one.
So focus more on becoming a better trader who wins most of the trade than on the starting capital. If you are risking big time, except a catastrophic loss at some point of time that will wipe out your account.
Turn $100 Into $1 Million In 12 Months Trading Binary Options With 2% Risk?
Follow this rule strictly and you can see even if you lose a lot, your account equity will not suffer much. Once you start winning, you will recover most of the loss.
Never try to follow martingale which means doubling the trade size in order to recover the loss. Incase of a losing trade, you will need 2 winning trades to recover the loss. We will use this strategy.
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- Binary options traders and those who are yet to perform their first trade are motivated primarily by one thing: making money.
If we lose one trade, we ensure that the next 2 trades are winners by being more focused. Select Your Timeframe Select which timeframe you will trade which can be 5 minute, 15 minute, 30 minute or 1 hour. Once you have selected the timeframe, you should stick with it. So if you are pressed with time, you should select 5 minute expiry for the binary option.
TRADE WHILE YOU SLEEP!
We trade 5 minute as well as 15 minute and 30 minute. Develop Your Trading System The next stage involves developing your trading system that tells you when to enter into a put or call trade.
Now suppose you make only 4 trades daily and all 4 are winners.
Incase you lose a trade as I have said above you will how to make a million on binary options 2 more trades. So if you win 3 trades and lose 1 trade, you will have to make 2 more winning trades which translates into making 6 trades. For the moment lets suppose we can make 4 winning trades daily.
Making 4 winning trades daily is doable. You can make 2 trades in the morning and 2 trades in the evening and with practice you will see it is easy to win all of them.
Using Binaries Long Term
Do the calculations and see that you double the account. So in around months, you should be able to achieve your financial goal of a million dollar. You just need to be focused daily and follow the above trading plan of 4 trades daily with discipline and in months, you should be able to achieve your million dollar. Good Luck!