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Binary Options Beast

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First of all Let me introduce myself to you. I am Alex. I am a trader and software developer. Years ago I found a lucrative way to make money from the comfort of my home. I was introduced to the world of binary options trading. First of all it was like a hobby to me. I ran a software development company and my main source of income was from orders which I received to code different kinds of software which was not connected with financial markets in any way. Lately I started learning the world of financial market trading and found binary options as the easiest and most convenient way for me to trade.

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After huge number of sleepless nights I finally managed to find a way of market analysis which worked out for me the way I wanted. I was happy to find something that worked but I faced some problem as well. When trading, my charts were usually cluttered with many indicators. If you already tried trading, I am sure you understand me how it feels when you need to watch a dozen of indicators on your charts. Actually it is not bad when you have many indicators. The problem is in how you interpret what they are showing to you.

Usually it is not an easy task because very often the indicators lead you to confusion and not to the right decision. I then worked more to choose the trading method and indicators which provided me with best results. I am not saying about huge winners overnight. I am telling about consistent long term results. This is actually what I needed. I clearly understood real money was made step by step in a quiet pace and not by overnight success.

Believe me, this is truth brought to you by already a successful trader. When trading you need to be disciplined and dedicated to your trading method. And in order to be dedicated to something, you should feel comfortable when working with it. I always prefer making things simple. I understood if I did not need to use a bunch of indicators, it would be easier to trade, first of all psychologically. Fortunately I was a programmer too and not a trader only. So I decided to put my strategy and indicators into a piece of software that should provide me with clear signals. I did not want to sit in front of charts watching a dozen of indicators in order to not miss the entry. I’ve put into code my best knowledge and best trading indicators including the ones which I designed specially for my own trading and never made them available for public use.

 

By the way have you ever thought of how a good strategy should look like? I mean what is actually a good strategy for you? What does it mean to have a good and reliable method of trading? Every person may have his or her own understanding of the matter but I am sure there will be one thing common in all answers. Binary options traders are looking for a reliable strategy that will consistently grow their funds. Believe me if you are looking for a strategy that will be winning each and every of your trades, probably you will never find one.

There are so many things influence the market behavior so even a very talented trader or super software simply cannot predict them all. You should stop hunting for a strategy that should bring you only winning trades. This is a road to nowhere. Moreover very often you can meet marketers on the net offering you 90% win rate when selling their trading systems. Do not believe it. Or I would rather say you should understand such claims in a bit different way. You see sometimes you can have even 100% winners in one day but you can lose all the other day.

So will such a system help you? I believe no. What you need is stable results. You do not need to have 100% or 90% win rate to make a living trading binary options. Actually all you need is having long term stable results of 65%-70% win rate on average. This is actually a very good ratio which will allow you to make consistent profits month by month and year by year. Most good systems out there will give you 50/50 results which is not enough to have consistent returns. That’s why usually traders use risky techniques like Martingale when they have to double or triple their initial stake after a loss to recover those losses. This is too dangerous and not a good way to trade if you want to stay in this business for long time. Moreover almost every system out there makes you work with multiple indicators at the same time, sometimes the charts are overloaded with indicators so you can’t even see the candles clearly. As mentioned above such things lead to confusion and reduces your win rate and influence trading in a negative way.

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