A trade

    Trading binary options is technically very easy. I am not saying that it is easy to be profitable, but it is very simple to execute a binary option trade.

As I already explained, you are alway asking you a simple question, if the price will be lower or higher. Now you should not try to guess the answer, you should study price charts and build a trading system that will give you the answers.

You will not be right one hundred percent of time, but it is perfectly normal in trading, you just need a win ratio about sixty percent. Keep that in mind.

Your trading system will then tell you when to enter a trade and in which direction. It should also tell you what type of binary option you should trade. If you are trading bigger price moves, you might want to use Touch/No Touch options, but in most cases you will be fine with High/Low options, because they offer big rewards and you don’t need important price movements.

When are entering a trade, don’t forget to select the right asset, because otherwise you would end up trading a market that you are not watching. This is a simple step that should become a routine, always select your trading asset before you start trading a particular binary option.

The last thing is to determine the amount that you will invest. A golden rule says that you should always invest/risk only a small amount from your trading account, let’s say about five percent. Because as I mentioned earlier, you will also have losing trades, so you cannot risk all, otherwise one trade could put you out of business. You have to be prepared to take some losses, both mentally and financially.

One final advice. I think that once you entered a trade, it is better to let it expire and not try to close it earlier or double your investment or anything like that. Because these are things that can be hardly tested and you cannot really know what impact it would have on your binary options trading results.