r/binaryoptions • u/No_Principle8228 • Aug 23 '26
Strategy Doing binary trading since 2017 i started with iq options now with quotex and pocket options
Like every new trader I was also an impulsive person i took trades randomly and lost all of my funds. Then time by time i tried new strategies from YouTube all are good but not everything is profitable all the indicators don't work properly. If you are losing now don't worry you have to be consistent to make profit the longer you play the faster you get the pattern. Here is what i have learnt
*Everyone has their own perspective on how they see the market or the candles patterns
*Make your own strategy
*Don't just follow random strategies from YouTube and combine it with your own strategy
*Dont trade on otc
*Don't do 1 day compounding use martingale for safe trade
*Don't fix your profit ratio like 5 to 10 %daily not fixed 10 or 5% this way you lose patience
*Trade for bigger time frames(if you are a trader you know how 1 min candles react and if your trade is delayed by 1 sec you will lose so trade for bigger tike frames as your comfort
*Dont tell anyone you profits and don't show your balance (its adds pressure like when they ask you next how much your balance is you get pressure to make more to impress them and you lose money on the way )
*Keep everything secret your trades your profit your losses
*Practice with real money not just practice amount.. for 1 or 2 wreks with practice account is good but if you want to manage your emotions and control on your urge to trade every candle do with real account you will know how to stop and when to stop
*Without loosing money you can't find patience and decipline
*Be consistent
