How Do I Make Money in Binary Options Consistently?
- Get a solid binary options system.
- Avoid chasing the “holy grail” – a system with 110% winning. Treat trading as a business, a real and fair business. Don’ treat trading as a gimmick as most do. In a business, there will be costs and revenues. You need to find a system that you can trade where the revenues are greater than the costs on a consistent basis.
- Back test the system a lot so you believe the system to be a sound approach.
- Practice that system with tiny position sizes. Study your mistakes Make sure the system is truly sound in real time.
- Keep tiny until you’ve been able to trade the system consistently for 3 weeks.
- After you’ve made correct trading of the system a habit. Increase your position size to normal size which should be a small percentage of your trading account value.
There are more tips I can give. Also if issue, if you’ve started trading and got smacked, your best bet is to get educated, practice a lot and overcome. Otherwise, you’ll be tempted to slip back into trading, due human nature, to try and beat the markets.
If the trading bug’ has bit you – aggressively pursue correct binary options, or any other form of trading, education and training. Become a “master” of trading (and yourself in the process).
If you don’t master and overcome being a “bad binary options trader” you could run future trouble. You will not beat the markets on a consistent basis, ever, unless you get educated, trained and discover that the marketplace is there to take your money, just as you’re their to take it’s money.