In the process of trying to create my own strategy for binary options, I decided it was more helpful to readers if I researched what strategies the internet has come up with and talk about them instead. If you feel like you find one that fits your style, this is the binary options broker I recommend and have used myself. If you don't know what this kind of exotic trading is, do your research. Looking at it at a high level, it involves risking a fixed amount on an underlying asset price being higher or lower at a designated expiry time. There is also the one-touch that ends up in the money if it touches a certain price over a given time period. People also call this digital options trading. Some brokers do allow you to close the position early, which makes it a little more like regular options contract trading.
May 21, 2013
Alright, now that I have secured my profits for the month, I am going to test out a new strategy for the next few weeks. All the results will be documented here on this page so you don't have to search through my blog for them. The goal is to have an 80% success rate.
It has now been a few weeks of binary options trading. I started out with $4,400 and have moved that amount up $12,511 to $16,911. One of the hardest things to do is quit while you're ahead, but if you can manage it, the rewards are all yours to keep. This will be my most profitable month ever online and I intend to keep it that way. It is time to exercise some discipline and take some of my profits back to the bank where I can survive off of them for a little bit. All my live binary option trades are listed here. I believe it is off by a couple hundred dollars somewhere because a I forgot to enter a few trades over the past month.
We are starting the morning off looking hard at the USD/JPY. I have been trading it regularly since Sunday evening. It is now Tuesday, May 21, 2013. The pivot point technical analysis is working well. The key idea of using it is to incorporate chart patterns as well. The goal to a successful binary option trade is to get as many positive confirmations that a stock is going to move in a certain way at a certain time so you really boost your chances of in-the-money expiry's'.