Successful traders trade less often and win more often. Although the market is open 24×5, it is not always a good time to place a trade. A market without much movement(stand still market), is very unpredictable to trade binary of short term(60 seconds- 5 minutes). You must trade in the dynamic market and on dynamic assets by proper analysis and prediction to be a successful trader.
In a dynamic market, the movements can be predicted better with the right tools and indicators.
The following three are the secret to success in Binary options trading.
Discipline
Control
Risk Management
Do’s and Don’ts
- Binary Trading is not a computer game, a mobile game that you can play any time and win.
- Don’t trade in a mobile platform blindly, because usually, you don’t have access (or very limited access) to any analysis tool to help you place a trade. Whereas in your desktop or laptop you can analyze the chart, study the chart pattern and place a trade.
- Remember – Successful traders trade less often, and win more often.
- Although the market is open 24×5, it is not always a good time to place a trade. Wait for the right opportunity.
- A market without much movement (stand still market), is very unpredictable to trade binary of short term(60 seconds- 5 minutes). You must trade in the dynamic market and on dynamic assets by proper analysis.
- In a dynamic market, the movements can be predicted better with the right tools and indicators.