Jun 30, 2013

Developing a Binary Option System - $80 Profit - Safe

Welcome. It is a bright and sunny afternoon on Sunday. The forex markets are about to open in 1 minute. I am working on getting a set daily strategy that can be used by anyone to trade binary options on and make money with.

Is the Iraqi Dinar Going Up?

Well this is a very interesting situation. If you are interested in the foreign exchange market at all, there is a few things to consider with this currency. People have been buying it for the past couple of years speculating that it will go up in value and become as valuable or more valuable than 1 USD. As it stands, as of this past Friday (June 28, 2013) the currency is worth a very small fraction of the USD. It is 1/1,160. That means if you invested $5,000 of USD into the IQD and it became of equal value to the USD, than it would be worth 5.8 million.

Jun 28, 2013

How to Be a More Profitable Trader

It is a nice and sunny afternoon on Friday, June 28 2013. Since the markets have already closed, I will do something different tonight. Instead of live binary options trading, we will get into some things that are universal to successful traders. These things are meant to be all-encompassing, sustainable, and helpful for all types of retail traders. It will be helpful for people trading regular stocks, option contracts, or binary options.

Jun 27, 2013

$170 Net Profit on the Day - 3 Trades - High/Low Hourly Expiry Times

Another day and another dollar...or C-note. Love to make profit. It wasn't a perfect day as I went up to my 3rd level of position size until getting the best trade possible. I started out with a put on the EUR/USD that went out of the money. I risked $125 on it. It was based on a consolidation triangle pattern that showed up and I went with the previous down-trend as the indicator that it was going lower from current.

Jun 26, 2013

Trading Profit - $680: Used Trading Signals and Momentum Plays

It is a really nice day outside. I am inside this afternoon making a binary option trade on the USD/JPY. The plan is to start out with 1 high/low option with $150 of risk. Right now it is 5:19 PM EST and the price of this underlying asset seems to be at a likely top. It is currently above the 20 bar moving average and way above the 80. My theory behind this trade is that it had a pretty good chance to go down in the near term.

Jun 25, 2013

The Perfect Put High/Low Option Entry + Scaled Binary Trades

Trying to get in and out of the market quick with a small binary option trade on the EUR/USD. This is my only position today. The current time is 8:46 PM EST on a Tuesday, 2013. The position was a total risk of $100 with a potential total return of $180 for an in the money expiry that would be up within 15 minutes of my entry time.

Jun 24, 2013

A New Binary Options Strategy - 3 At a Time

I feel a little frisky tonight and it is the 2nd night trading with this new broker. Binary options are addicting and get reallllly addicting when you make money at it consistently. It is all in your ability to get price direction right over a given time period. Tonight, I put on a little bit more risk. Keep in mind that if you are able to become profitable at binary options, it is 100% a way to survive without worrying about a set job.

Jun 23, 2013

New Platform - First Trade on USD/JPY

Alright, I don't have a ton of time tonight, but I did have time to get in 1 small binary trade. I started the new account with $6,000 on RBOptions. I like them so far and their platform is really clean. Also, they offer 75% average payout rather than 71% on my last broker. That is actually really important because over time your winners add up and you need them to offset losses so you end up with a much better chance to go profitable overall.

Jun 21, 2013

Trading Ideas for The Start of Summer

Trading is all about psychology. It doesn't have a set pattern or way of moving. It is about how the market feels about something and if people are willing to buy something, sell it, or not get involved at all. It works pretty simply. Stocks move up and down as people buy a stock or sell it. The company news and method of operations will effect stock price, but there is not set way to tell exactly what will move a price.

Jun 17, 2013

Forex Trading - Going with the Trend Tonight

It is another day and another opportunity to make money. It is a great feeling to have an account balance still available to make money with. So many traders get caught up in risking tons of money on binary options and end up losing quick. Trade small and survive. Today is Monday, June 17, 2013 and we are looking at a high/low call option on the USD/JPY forex pair with $100 of risk. If we get into the money, that will be it for the day.

Jun 16, 2013

Finding the Right Trading Pattern that Gives Consistent Results

As I go to trade some forex this wonderful Sunday evening, we are looking for some trading patterns. The goal is to try and look at a chart at any given time and try to figure out what has the highest probability of happening in a given time frame. This is something any trader would want to find out because it will help them make more money if the pattern is something that ends up being universal.

Jun 15, 2013

Selling Premium with Option Contracts

If you have been thinking of a new way to trade, selling premium might be the way to go. When you sell call or put option contracts to the market, you collect an initial sum of money that goes into your brokerage account. This money you collect is what would normally be paid by you if you bought put or call option contracts.

Google and Facebook Privacy Issue with NSA

Google and Facebook Privacy Issue

First off we have Google and Facebook. There is a big fuss going on about privacy. It is a little different than normal. The allegations are that the U.S. federal agency "NSA" or National Security Agency made both companies do certain things in order to build a big data center called Prism that might hold tons of information about all of us.

Jun 13, 2013

Identifying a Top and Profiting With Binary Trading

It is a great Thursday afternoon. The Sun is out but it's not too hot. Today is June 13, 2013. We are checking out the forex pair EUR/USD. It is a major underlying asset and was appearing to be at a good top. In light of this and the trading signals that my 5 minute candlestick chart gave me, my best option was a 15 minute expiry with $300 risk on a high/low put.

Jun 12, 2013

60 Second Binary Options Challenge: Started with $100

I feel like having some fun so the plan is to set up a little game. Tonight in the forex market I will be seeing how much profit I can make when starting with only $100 of risk. My positions will only involve forex pairs. Everything is also going to be live and on video.

Jun 11, 2013

Using Moving Averages to Help Predict Price Movement

I was doing a quick binary option trade this morning and just wanted to look for the nearest term expiry possible, which was on the EUR/USD and try to find a reason for the price to move a certain way. On my charts the price was right in the middle of my 20 and 80 simple moving average. The candlesticks were showing bullish signs as there was a small pull back from a large uptrend. I entered the position and it expired in the money.

Jun 10, 2013

Best Binary Option Strategy - Don't Get Stuck on One Direction

It is Monday evening and we are just starting to do our first trade of the day. I love quality over quantity. I pulled up my chart on the forex pair: USD/JPY and it was showing some good signs to enter a short-term 15 minute high/low put binary option. It had made a very large bullish candlestick so my thought process was to get short quick. It is not a guarantee, but is one way to identify a move downward. Simply too much upward movement to not pull back a little bit.

Jun 9, 2013

Live Trading with Binaries and Some Money Management

It's Sunday night and the forex markets are open. I am working on trying to get some streaming trade signals going on a my blog in the next week or so. Tonight, my trade entry just was entered and it was a high/low put option on the USD/JPY. The reason why my entry was a put was because the slower moving average was just moving across the longer term average. It was also at the near point of a continuation triangle.

Jun 8, 2013

What Makes Work Enjoyable

So you want to know what makes work fun and enjoyable? I will tell you what right now. The best way to immediately make your life enjoyable and fulfilling is to work for yourself. Even if you don't necessarily love what you are doing, the process of working on your own time with your own schedule is fun. It is that plain and simple.

Trading Foreign Indices on Saturday Morning with High/Low Binary Options

I just found this out. There are about 5 or 6 underlying assets available to be traded on during the weekend. I don't know exactly why yet, but I found it out and did a trade this Saturday morning on the Tadawul index. As far as I know, no other brokers allow this besides TradeRush. I just checked in with 24Option and they didn't have anything available. That means you can actually trade 7 days a week if you get up at about 7:30 A.M. U.S. Eastern Standard Time.

Jun 6, 2013

Continuing Our Nightly Forex Pair Trades

Yesterday night was a very interesting time for the USD/JPY. We got in at just the right price to make money (roughly $600) on a high/low call binary option before the price shot straight down. It is now 24 hours later and we are trading the same pair as it sits about half way between the huge overnight drop in value.

Jun 5, 2013

Waiting on this Forex Pair to Pull Back

I am trying to get this one trade in tonight and make another profit of a few hundred dollars. It is the forex pair: USD/JPY and there has been some strong volume and bullish moves tonight. My plan is to wait for a cut back down to the 80 bar moving average and get into a call position within the hourly expiry, which has 20 minutes left as I watch the charts right now.

Jun 4, 2013

First Live Binary Trades of the Month

Well we are back with our live account in binary options and starting off slow. I funded the account with $3,000 and am slowly making small trades to build confidence. It is an entirely different monster when trading with real money rather than a demo account. So far I am down about $30 with two trades and am in-the-money this morning on my 3rd trade.

Jun 2, 2013

Price Action Trading on Currency Pair

The currency pair is GBP/USD and the price action was flying up and down. I entered the high/low put binary option at the top after a 10 minute period of going flat that followed a fill after a large drop. Just after the entry, the price fell as you can see in the video. I risked $250 and had a total return of $425.

Stocks Fall as USD Rising

It is almost a given that U.S. stocks are going to start coming down eventually. It is true that they may be higher in 5 years than they are now, but in the near-term some kind of pull-back is necessary. The reason why is because company profits won't grow at the rate as this market is growing. The difference in speed means a reduction in the price of underlying assets.

Digital Currencies Need to Regulate Better

Through my dealings with searching for news on currency pairs, I found a little bit of news about digital currencies. The main issue is with the hammer put onto Liberty Reserve. All of their bank accounts have been seized as well as arrests of its founder and a few others.

Jun 1, 2013

Making Money Online - May 2013 Income - $9,144

What a wild month. I started doing binary option trading with 4k and turned it into over 16k within the first month of trading. Most of it was in May, while some was at the end of April. This was intense as I had been studying and writing about doing this type of trading for almost a year now. It does help that I do accounting work and am used to thinking about numbers. The thing that helped me the most was not being scared and just trusting my own analysis. If you can find a reason to enter a trade, that is all that you need.