I will share with you my approach to trading will try to talk in detail about the important points on their personal examples .
2.Trading plan for the day.
3.RISK and money Management.
1. My trading system consists of two indicators
number 1 main (Binary options pro Trade №1)
number 2 auxiliary (Binary options pro Trade №2)
The strategy is adapted for trading on Binary options timeframes 1M and 5M.
entry into the transaction is strictly on the terms .See the screenshot below for an example of trading on the 1 M chart .
Detailed rules of the strategy and terms of entry into the transaction can be found in my other ideas.
2. Trading plan.
I have long realized that you need to work strictly on the trading plan here is how it looks to me .
I set a goal, the goal is to make 5 plus trades per day, no matter how long it takes (sometimes it's 2 hours and sometimes 5 hours or more )
once the goal is achieved, I close the market until the next day.
In case of a bad day I also stop trading if the loss reached 10 % of the Deposit. ( this helps keep your Deposit safe)
And of course, strictly adhere to the trading strategy .
3. Risk and capital management.
Another important rule when trading is to work with an adequate amount for your Deposit.
My transaction amount does not exceed 2.5% of the Deposit ( this allows you to reduce the risks and not to be nervous when entering the transaction )
I do not use martingale and similar methods.
It seems simple, but it is not . the man is so arranged that he wants everything at once and more, and if he loses, he wants to compensate as soon as possible
that's why it's so important to have your trading plan and stick to it ( Though it's not easy for most people )
I hope you are wondering if you have a desire to test the strategy or have questions, contact me in private messages .
I apologize in advance . the text may be misspelled . my English is not very good.