The knowledge contained in this series of trading articles can take you from being a beginner to long term profit. In order to make that transition you do need to be using the best platform and we recommend Beast Options so sign up and put the theory you will learn in these articles into practice! Be Champions.
A binary options strategy or trading system consists of 2 core components.
1. A method for selecting options, that is when to call or put on what asset.
2. A method for deciding how much to invest per trade.
When you settle on a particular type of binary option and asset to trade on you should work out what % of your trades you need to win to break even, we call this required win rate.
Trading binary options can be a fun and enjoyable hobby for anyone who watches the markets or likes to bet but it only takes a bit of insight, preparation and discipline to win some of the money the more casual traders are losing.
Find out if binary option trading is legal where you are and whether income should be taxed as gambling or in the same way as investment income.