Binary options trading strategy forum profitable
To best perform the strategy, you need the MT4 platform and a binary broker that offers you fixed 5-minute expiries. Trading the daily breakouts is a widely used concept in forex trading, and of course, many are trying to implement it into binary trading as well.
By drawing key support and resistance levels on the chart, you look for breakouts to open a short or long position. If you are trading daily binary options, it might work the same way but not if you trade short term. For trading 5-minute or minute binary options, you need to approach the charts differently to identify the most recent highs and lows. Therefore, we need the custom indicator Support and Resistance Barry in combination with the Value Chart.
Placing 5-minute trades is probably one of the most popular trading styles, together with second trading. To set up their strategy, most traders uses the Meta Trader 4 platform as it offers 5-minute timeframes and allows for custom indicators.
The best time to perform the strategy is during strong trends as we want to trade with the trend and not the countertrend. Using 21 EMA helps you visualise the current trend and place your trades accordingly. It is also important to check the economic calendar to spot major events that can move the price in one direction on another.
Thus, you can spot a strong move before the close of a 5-minute candle on the MT4. You can place your trade at the close of a candle or 1 minute before the close.
To trade a Call signal, we look for up trends and breaks in the resistance. In our example, you see a strong bullish candle breaking the resistance, and at the close of that candle, you can place a 5-min Call trade. We get a Put signal when the price is moving in a downtrend and breaks the most recent support level.
You can enter your Put trade at the opening of the new 5-minute candle. You have to approach trading with lower expectations and follow real action on the charts to build knowledge.
Expecting high profits every 5 minutes is not going to lead you anywhere. It is also important to follow the price action closely and identify the breaking candles. Wed Apr 4 Tokyo: October in General. I'm with IQ Options. Is anyone making a living from this broker, and having no issues with regular withdrawals? I'm worried that, if I'm consistently winning, a Broker might choose to not pay me?
Also, would it be 'safe' enough to withdraw at least 5,K a month 50, a year from IQ or any regulated Broker? It's pretty quiet in here- that O guy said he has a thread posting his trades - I'll see you over there. I've been trading binary for many years and you can be profitable. What you need to keep in mind is that this is trading for entertainment more than anything else, like playing a game, and not an investment strategy for your retirement.
Yep would also like to know this! October edited October Im working with fulloptionstrade its really good broker and great platform. That is a great number. I think it's possible to do full-time binary options trader, however, be very careful with which broker you trade, because, some brokerages close accounts to traders who are too profitable.
Best to have several brokers and different accounts to spread your winning around and stay under the radar. Are you a billionaire? I don't know about making a living at this. But set a reasonable goal and work hard to achieve it. So I have set a goal with a money management strategy. Hopefully the trading strategies I use will get me there. I'm taking binaries as an interesting and educating hobby. Really, don't think that it will become my living someday, but it is exciting and I like to learn the markets and my own possibilities.
To take it seriously? Hell no, I'm prepared to lose, but I want to keep going till it entertain me enough. If you don't take it seriously you will never achieve trading for a living, just saying, fake it till you make it, treat it like a business and it will perform like one, trading for fun is ok but trading for long term success is better. December edited December Yes I get it, you like watching guys in short talking BS for 10 minutes, happy for you. Guys pls advise me.