Basic rules for trading binary options

Basic rules for trading binary options
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The most important rules when trading binary options, which must be followed during trading.

If you want to start making money on binary options from scratch, then you need to know what you need to be prepared for.

Trade better with the trend

Often you want to stand against the trend, you see a great opportunity to make money, we see that the price is moving in a clear direction, but opposite to the trend.

Why not earn?

It’s better not to do this, if this is not a price reversal, then it simply means a corrective rollback, and as soon as you place a bet in the opposite direction of the trend, the price will definitely turn around and continue its direction, and you will lose.

If the price has broken through the support or resistance level, then it will definitely return to test this level again and move further from it, pushing off. It is necessary to buy or sell on price pullbacks, and not at the beginning of the movement.

Do not be naive - the price moves in waves

For example: the price goes up, an important level is ahead, it breaks it and rolls back down, as soon as a small reversal is seen, we make a purchase, and the price returns again and goes higher, beyond the breakout level.

Consider time for trading

On Monday during the opening and on Friday during the closing, it is better not to trade. At this time, the trader for the market becomes the most vulnerable.

It is better to trust your instinct - it does not fail

Do not listen to what others are doing, you can only listen to other people's opinions, but do not take them as a basis, since no one can really know anything on 100%.

Don't be greedy

As they say, it is better to close with ANY profit than WITHOUT it. Take your time, it is better to learn how to earn little, but steadily. Gradually increasing the deposit and you definitely need to withdraw profits - this stimulates further work and you will not stop doing it.

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