Trading is a game of patience and discipline.
How To Make Your Binary Options Million Dollar Trading Plan?
So you need to just 4 trades daily and grow your account with discipline and patience over a period of 12 months. They end up with losing most of their hard earned money.
How To Trade Binary Options For Beginners - Make $6,5 Millions With Binary Options
When you start small you are not risking more than you can lose plus you can fine tune your skills that will eventually help you grow your account exponentially with low risk. Trading skill is much more important than the starting capital.
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If you have the right skill, you can grow a small account into a big one. So focus more on becoming a better trader who wins most of the trade than on the starting capital.
If you are risking big time, except a catastrophic loss at some point of time that will wipe out your account. Follow this rule strictly and you can see even if you lose a lot, your account equity will not suffer much.
It is possible to earn million dollars using binary options?
Once you start winning, you will recover most of the loss. Never try to follow martingale which means doubling the trade size in order to recover the loss.
Incase of a losing trade, you will need 2 winning trades to recover the loss. We will use this strategy.
If we lose one trade, we ensure that the next 2 trades are winners by being more focused. Select Your Timeframe Select which timeframe you will trade which can be 5 minute, 15 minute, 30 minute or 1 hour. Once you have selected the timeframe, you should stick with it.
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So if you are pressed with time, you should select 5 minute expiry for the binary option. We trade 5 minute as well as 15 minute and 30 minute.
Develop Your Trading System The next stage involves developing your trading system that tells you when to enter into a put or call trade. Now suppose you make only 4 trades daily and all 4 are winners.
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The way to a million on binary options you lose a trade as I have said above you will need 2 more trades. So if you win 3 trades and lose 1 trade, you will have to make 2 more winning trades which translates into making 6 trades. For the moment lets suppose we can make 4 winning trades daily.
The Fastest Way to Earn up to $100,000 a Month with Binary Options
Making 4 winning trades daily is doable. You can make 2 trades in the morning and 2 trades in the evening and with practice you will see it is easy to win all of them. Do the calculations and see that you double the account. So in around months, you should be able to achieve your financial goal of a million dollar.
You just need to be focused daily and follow the above trading plan of 4 trades daily with discipline and in months, you should be able to achieve your million dollar. Good Luck!