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  1. #1
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    Default What are good strategies for trading binary options?

    The best strategy, in fact the only way you have a chance with binaries, is to do the OPPOSITE of what they tell you to do, the opposite of what nearly everyone does.

    Makes sense since binary option traders suck worse as a group than any other traders. They could lose money as an olympic sport. The binary options business is so lucrative that brokers will pay you a 35% commission on deposits for introducing a customer, and still make a lot of profit. In other words, its a scam. Unlike other forms of trading where the broker doesnít make money if you lose, with binaries your broker makes, instead of a nominal commission, in most cases keeps your whole account.

    Now assuming you have a broker that actually pays out if you win (there arenít many, honestly, > 80% of brokers are just ripping you off and never paying out).

    Hereís how to do it.


    1. Everyone wants to have the 10 bagger win, buy the out of the money option for $15 and have it close at $100. DO THE OPPOSITE. Buy the option which is IN THE MONEY, about to close true. Experiment with the time to close, for 2 hour binary options about 30 mins is good.
    2. Do a check of the upcoming announcements at Economic Calendar | FXStreet Donít trade anything with an announcement before your binary closes.
    3. Try and buy options you think will close true 90% of the time, for $75-$80. No more than $80 - this is your edge.
    4. If your option becomes OUT OF THE MONEY, trades below the strike price, it becomes a coin flip and exit immediately. (note that binary options brokers donít let you use stop losses since they want you to lose a lot not a little)
    5. Keep accurate records and stop trading and start paper trading if your win rate drops below 80% for 5 consecutive trading days.

    This is a strategy with a very small edge. If you take 10 trades a day you should make money most days, with big drawdowns. It is not suitable for big accounts, and not suitable for compounding into a big account. The only possible use is small and consistent income.

    On the whole I do NOT recommend the binary options business. It is riddled with scammers, and has terrible hurdles to overcome. If you must play, however, this is the way.

    Quick question. Has anyone tested the Trend Viper indicator yet? (Mt4trendindicator) The latest version looks quite good. I wonder if the Trend Power filter works..

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  3. #2
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    There are different types of trading strategies available inForex market. I think the trader should choose their trading strategies as pertheir trading experience. A trader can also select his strategy as per histrading requirement. I found FXdirects is a reliable and honest trading broker.They support me to make scalping trading profitable by giving me – the Raw ECNspread from 0.0 pips, wide range of trading bonus etc.

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    From the beginning of my trading career I have been trading at Forex4you trading broker since they allow all kinds of trading techniques without any restrictions. The long term trading method suits my needs best and this is why I am trading as a long term investors with this broker. From my reliable broker I receive leverage that is 1:1000 which is almost very high and high trading leverage always supports best to make high profit.

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