How to Become a Professional Binary Options Trader

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7 Tricks To Be Professional At Binary Options Trading

Are you a professional at binary options trading? If not, then you are in the right place to boost up your energy.

Most of you already know what binary options are, as you are here for the top tips and tricks on trading binary options. But, for the uninitiated, we will give a short brief.

Binary Options are financial instruments that allow you to trade on all kinds of assets such as forex, stocks, futures, crypto, indices, and much more. There are only two directions in binary trading and this is where it gets its name from.

By accurately predicting the outcome, you win a payout. If you are wrong, you get nothing and lose your initial investment. The time from when you place the trade till the time the trade lasts is the expiry time.

When you think the price of the asset will increase, you buy a call option. Moreover, when you believe the price will decrease, you purchase a put option.

It is just a short introduction to binary options. Head on over to our introductory guide on binary options trading that covers all the concepts of options trading in great detail.

Can Anyone Be A Professional At Binary Options Trading?

Binary Option is simpler and far less complex compared to other forms of trading. It is easy to understand as well as beginner-friendly. But, does that mean it is easy to score profits when trading binary options?

Let’s take a look at statistics and probability.

In a study conducted by FinanceMagnates , they covered on Japanese binary trading industry. The average payout ratio was found to be at 95.69%. On an average 74.1% of traders ended up facing losses trades.

Roughly 1 in every 4 traders ends up making money trading binary options. By now you have realized even if they are simple to trade, it doesn’t mean everyone’s making off it.

  • What’s the difference then?
  • Why are some traders expert while the majority keep losing money, and blame their broker?
  • Are they missing out on some secret information?

Sorry to burst your bubble, but there is no secret mantra or formula that will make you rich overnight. There are, however, a few tricks and tips that you can apply in your trading. It will help you stay ahead of the curve.

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    Best For Beginners!
    Free Trading Education!
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  • BINOMO
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    Only For Experienced Traders.

Via this article, we will share with you the 7 best tricks to become a professional Binary Options trader. We will suggest you read till the last to find out what these tricks are.

7 Binary Options

Here are some useful hints to get you in the proper mindset for successful binary trades:

1) Set a goal of 10% profit as it is both realistic and does not require more than 3 trades. (And yes a profit of 200-300% is possible, but this means you have to bid larger amounts and spend more time trading). Then 10% daily compound profit with a $250 deposit can easily turn into 10K, over three months time.

2) Set a “Stop” limit in place for trading such as “I’ll stop once I hit my 10% profit” or when losing “I’ll stop once my balance hits $_____”

3) Only trade in the 30 minute and 1 hour duration options. Although the 1 minute option is quite tempting, it’s where the biggest losses occur.

4) Be patient: It is important to that you know the lowest and highest points of your trade for that day. Always aim for the peak or low before placing your bid. You can bid more confidently when it is near the top or the bottom. Never bid when it’s in the middle.

5) Find the “guiding point.” Follow the trend of the 2 hour graph when bidding at the one hour option. Use the 1 minute graph as a guide to “bid” or “wait.”
For example, if the 2nd hour graph displays a downtrend, look at the 1 minute graph, if this is also down, go ahead and bit. Wait, if it’s uptrend. Wait til it starts to downtrend before bidding on the one 1 hour option.

6) Deposit only a minimum amount with which you feel comfortable. Feel free to ignore the bonus “bait” or broker’s threat. Set an amount; say $250 as a monthly deposit. When this starts making a profit, withdraw some of the profit per month as well. But always leave money for bidding. The initial aim is withdrawal the total you have deposited throughout the entire process.

Some of the above might seem a little too technical, but if you break it down, they are practical and will help you turn a profit.

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Retail and Professional Clients

As you probably already know, the European Securities and Markets Authority (ESMA) has introduced new, stricter regulations to the market. You can read more about the upcoming changes in the following article . The new regulation is applicable to retail clients only. Professional clients will not be affected.

All existing IQ Option clients are automatically categorised as retail clients. A client who wishes to apply for categorisation as a professional client must fulfill certain criteria and also apply for this status. The procedure can be found on the IQ Option website ( https://eu.iqoption.com/en/pro ).

In order to be re-categorised as a professional client, you will have to fulfil at least two out of three requirements:

Trading volume. You have made at least 10 deals (each worth €150 or more) per quarter for the last 4 quarters.

Sizable portfolio. Your financial portfolio — including financial instruments and cash — exceeds €500,000.

Relevant experience. You have at least one year of relevant experience working in the financial field.

Elective Professional Clients will be afforded the same level of protection as Retail Clients, with one notable exception: their funds will not be covered under the Investor Compensation Fund. Professional Clients have the right to change their status back to Retail at any time.

You can find more information in our client categorisation policy and request for a re-categorisation directly from your account.

NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
In accordance with European Securities and Markets Authority’s (ESMA) requirements, binary and digital options trading is only available to clients categorized as professional clients.

GENERAL RISK WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
87% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Binary Options Broker 2020!
    Best For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-Up Bonus Now:

  • BINOMO
    BINOMO

    Only For Experienced Traders.

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Binary Options Theory and Practice
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