Did you watch the webinar recording on how to achieve 80%+ winrate with binary options? If you haven’t you can watch the webinar recording as it is good for your training as a binary options trader. Binary options come with different expires. You can trade 1 minute expiry as well as 5 minute, 10 minute, 15 minute,30 minute and 60 minute. However you need a strategy that has a high winrate. Why? Each losing trade means you will require you to make 2 winning trades in a row just to recover the loss from the trade. So first practice the strategy on the demo account and only trade live once you are convinced that this strategy has got a high winrate. Watch the video below that teaches a 60 second or 1 minute binary options strategy.
As said above, you should first practice this strategy on the demo account. Make a series of trades which means you should make at least 50 trades on the demo account with this strategy. Once you have made these 50 trades, calculate the winrate of this strategy by diving the winning trades by the total number of trades. As said above you need a high winrate with binary options. Why? You need a high winrate because the payout is always fixed and it is 70-80%. So you never make 100% with a winning trade, only 70-80%. Which means if you lose you have to win at least 2 trades in a row just to recover the loss. This is unlike forex where one trade can give you a reward to risk of 5:1 and even 10:1 whereas in binary options the reward to risk is always 0.7 or 0.8 and is never ever going to be one. Why you never make 100% with BOs? Because BO Brokers need to make money too. Read this post that explains how the binary options brokers make money. So before you start trading live, you should look for a strategy that has a high winrate.