It is necessary to understand the mechanism of binary trading. The essence of trading is that a trader makes a forecast for the change in the price of an asset at a certain time period. The direction is selected by two buttons: «Buy» or «Sell» (Call and Put). If the forecast is correct, the trader makes money. If he fails, he loses his capital.
Strategies for Binary Options
Discipline is necessary when you start to trade. Trade at the same time when the stocks open. Use the economic calendar so as not to miss the time of trading. At the first stage, your main goal is to understand how the market and technical indicators work and to create a trading strategy. That’s why when you are only a beginner, trade four hours a day, not more because when you are overworking, you lose your concentration and make mistakes.
