“Could you give me trading tips and strategy?”
“Trade the right market with the right strategy.”
This is a very general question. Though the most basic and realistic answer would be to trade the right market with the right strategy. So now, here we come to another question, what is the right market and what is the right strategy? Take a look at the explanation below.
The right market
In binary options trading, the right market is something not too volatile nor too quiet. A smooth developing market is what we always after when we are going through all different currency pairs.
If the market is too volatile, price might have unexpected sudden moves. And if the market is too quiet, your trade will not go anywhere. The balance between volatile and quiet is crucial when it comes to binary options trading. Take a look at this video to find out more on what is a good market and what is a bad market:
The right strategy
Next, the right strategy. A right strategy is referring to your choice of strategy that you apply on range market and trend market.
Remember to always use trend following strategy for trend market and range market trading strategy for range market. Take a look at the videos below to find out 2 of my favorite strategy for trend market and range market:
Come and talk to me if you have any question!