subject: Binary Options: Manage Your Money [print this page] Binary Options: Manage Your Money Binary Options: Manage Your Money
The management of your trading capital is an essential component of a successful trading strategy. Unfortunately, however, it is often left out of account. Even a successful trader, achieved over years of big gains may lose his property by one, two bad investment if he has not managed its money properly.
There is no strategy that promises you guaranteed profits. The aim of these strategies is to act as effectively and thus maximize your chances of winning.
1. Binary options vs. Roulette. For the trading of binary options, there are no roulette strategies.
2. Never risk more than 8.5% per trade. So you have the "capacity," eleven times to be wrong and still have enough capital to keep investing.
3. Trust is the key to success. Invest only if you feel that you have enough researched and analyzed the market closely. If you are unsure about a trade, wait for better research and more until you have complete confidence in your forecast.
4. Diversify. Never put anything on a horse. Trade in options on different markets, with multiple bonds and different contract periods.
5. Keep track of financial news. In general, you have to wait for the announcement of financial news, before you can make your investing and forecast. Alternatively, you can anticipate developments and apply the volatility strategy.
6. Track trends. Be vigilant with regard to the evolving trends. If Google's shares will rise in value, perhaps Microsoft's shares will follow this trend.
7. Expect losses. A true winner accepts sometimes losses until the next win is present.
Strategic Investing therefore brings greater long-term income and gives you financial security. One or the other bad investment, you do not throw this off course.
